Oversonic Robotics, an Italian publisher of software for robotics cognitive computing, attracted a 5 million euros investment from Cysero, a vehicle of AVM that acquired a relevant minority of the business (see here a previous post by BeBeez). Bergs & More assisted AVM while Clever Cap – Capital Advisory Partners advised Oversonic Robotics, a firm that Fabio Puglia and Paolo Denti created in 2020. In 2021, the target raised 4.5 million from Fin.Tel that purchased a 33% stake.
Allotex, an Italian – American medtech scaleup, said it raised the first tranche of a Series B round worth 30 million US Dollars that attracted the resources of lead investor KCK Medtech, Panakès Partners, Exor Ventures, and Supernova Invest (see here a previous post by BeBeez). David Muller and Michael Mrochen created Allotex in 2016. The company will invest the raised proceeds in the development of its proprietary technology and in launching TransForm in Europe.
Indaco Ventures aims to raise 150 – 200 million euros for its second fund (see here a previous post by BeBeez). In 2018, the firm’s first vehicle raised 134 million in coomitments. Sources said to BeBeez that in 2022 the first fund generated a 1.1X TVPI (Total Value Paid In Capital) with a gross annual Irr of 15-20%.
Recordati, an Italian pharma company that belongs to CVC since 2018, signed a strategic partnership with Scientifica Venture Capital (SVC), a firm born in 2021 that Riccardo D’Alessandri (see here a previous post by BeBeez). SVC and Recordati will invest in medtech and life science startups.
Down to 4.4 points at the end of June 2023 from 5.5 points at the end of 2022 is the value of the VC Index, the index calculated by the Quarterly Observatory on Venture Capital in Italy of Italian Tech Alliance, the Italian association of venture capital, investors in innovation and innovative startups and SMEs, and Growth Capital (see here a previous post by BeBeez). The value of the index indicates a sentiment of stability close to contraction, also confirmed by the market data mapped by the Observatory, which show for the second quarter of the year investments of 273 million euros in innovative startups and SMEs in Italy, up from 204 million in the first quarter, but down in number of rounds (to 70 from 89 in the January-March period). In any case, however, numbers in value terms are far from those mapped in the first three quarters of 2022. This is a snapshot that follows the one also taken a few days ago by the latest BeBeez Venture Capital Report for H1 2023 (which includes tables with details of all rounds, available to BeBeez News Premium subscribers). The BeBeez report, in fact, noted that there were 175 venture capital rounds announced since the beginning of the year and up to the end of June by startups or scaleups founded by Italians, although not necessarily based in Italy, for a total of just over 541 million euros. This figure is just over one-fifth of what was raised in the entire 2022, when investments in Italian venture capital rounds stood at €2.57 billion in total, spread over 339 deals (see BeBeez’s Venture Capital Report for 2022 here).
