Here’s what happened in Italian VC during Q1 2024!📊
At the end of April, it seems a worthy choice to have a comprehensive idea of what’s just happened in the first three months of 2024 regarding VC investments in Italy. Fortunately, Growth Capital and Italian Tech Alliance helped with their report and showed that Q1 2024 has been a curious quarter. Best quarter ever for a number of rounds (108), valued at € 443 mln in total. 📈
One of the most astonishing insights turns out that more than half (55%) of the entire amount raised by Italian startups stems from two massive rounds: Medical Microinstruments, Inc. and Bending Spoons. Another cool piece of data is that Italy goes in contrast to Europe’s disappointing numbers (in line with the latest depressing quarter) in terms of tendency. 🚀
What emerges from the report is also the investors’ cautiousness towards greater rounds (Series A and beyond), with just 13 Series A rounds and 2 Series B ones endorsed while bridge rounds “flourish”. Software startups saw the largest amount invested, whereas the AI vertical drove the number of rounds, showing an increasing interest in this technology by investors. 🔮
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Founder & Managing Trustee, OTTET
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