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1. TRACXN MONTHLY REPORT
FEBRUARY 2022
ITALY TECH

2. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Italy Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 9
Recent News 10

3. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Italy Tech Snapshot – February 2022
Italy Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$521M
2
Overall Geo Stats
9
2
19
4
4
Funding Rounds $ Invested Analyst Picks
WingRiders
Upgraded to
MINICORN
New Investors
COTI
Moore Capital
Management
Series A+ rounds Active Investors IPOs Acquisitions
SmartSeq
Iubenda
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Milan
(1 Rounds, $501M)
Travagliato
(1 Rounds, $15M)
Cardano
(1 Rounds, $4.5M)
Milano
(1 Rounds, $457K)
$501M - Series B
Scalapay (2019, Milan, $705M)
$15M - Series A
1000farmacie (2012, Travagliato, $16.7M)
$4.5M - Seed
WingRiders (2013, Cardano, $4.5M)
$457K - Seed
Quomi (2015, Milano, $1.2M)
Tencent
(1 Investments)
Tiger Global Management
(1 Investments)
Moore Capital
Management
(1 Investments)
HBM Partners
(1 Investments)
Alternative Lending
Scalapay
E-Commerce Enablers
Healthcare Booking Platforms
1000farmacie
Cryptocurrencies
WingRiders
Market Size
Companies Covered 9,496
Funded Companies 1,506
Total Funding $4.8B
Funding in last 12 months $1.5B
Top Exits
IPOs 27
Acquisitions 240
Company Stage
Unicorns 1
Soonicorns 14
Minicorns 67
Editor Picks 556
Series A+ 202
Series C+ 53
Acqui-Hires 3
Deadpooled 577
Top Cities
Milan (258 Rounds, $2.3B)
Rome (141 Rounds, $101M)
Top Investors
LVenture Group (55 Investments)
Club Italia Investimenti 2 (40
Investments)

4. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Italy Tech as of February 2022
Italy Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Scalapay
(2019, Milan, $705M)
$501M - Series B Tencent
1000farmacie
(2012, Travagliato, $16.7M)
$15.0M - Series A HBM Partners
WingRiders
(2013, Cardano, $4.5M)
$4.5M - Seed cFund
Quomi
(2015, Milano, $1.2M)
$457K - Seed CDP Venture Capital
*Shows only the lead Investors

5. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Italy Tech in February 2022
Italy Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$15.0M - Series A
1000farmacie (2012, Travagliato, $16.7M)
Online store offering pharmacy and health products
P101, Club degli Investitori, , International Airlines
Group, HBM Partners, and 2 more
EARLY STAGE
$501.2M - Series B
Scalapay (2019, Milan, $704.7M)
Online lending platform for purchase financing
Tencent, Willoughby Capital, Moore Capital
Management, Deimos Capital, Fasanara, and 2 more
SEED STAGE
$457.4K - Seed
Quomi (2015, Milano, $1.2M)
Internet first brand for recipe boxes
CDP Venture Capital
SEED STAGE
$4.5M - Seed
WingRiders (2013, Cardano, $4.5M)
AMM decentralized exchange platform on Cardano
cFund, Spartan Group, LongHash, COTI

6. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Italy Tech in February 2022
Italy Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
COTI
2 portfolio companies | Payment transaction network
WingRiders
AMM decentralized exchange platform on Cardano
$4.50M Seed
Moore Capital Management
22 portfolio companies | Privately-owned equity long/short strategy hedge fund
Scalapay
Online lending platform for purchase financing
$501M Series B
italia500.com.au
1 portfolio companies | Learn Italian in Sydney or learn Italian online: Italia 500,
Italian Centre for Language and Cultural Studies
1000farmacie
Online store offering pharmacy and health products
$15.00M Series A
International Airlines Group
9 portfolio companies | Airline company
1000farmacie
Online store offering pharmacy and health products
$15.00M Series A
Spartan Group
57 portfolio companies | Boutique investment banking firm
WingRiders
AMM decentralized exchange platform on Cardano
$4.50M Seed
LongHash
9 portfolio companies | Provider of investment fund and accelerator
collaborating services
WingRiders
AMM decentralized exchange platform on Cardano
$4.50M Seed
Deimos Capital
1 portfolio companies | Venture capital firm focused on multiple sectors
Scalapay
Online lending platform for purchase financing
$501M Series B
Willoughby Capital
16 portfolio companies | Diversified asset management firm
Scalapay
Online lending platform for purchase financing
$501M Series B
Gangwal Foods
1 portfolio companies | Provider of food processing services
Scalapay
Online lending platform for purchase financing
$501M Series B

7. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲3 Internet First Point of Sale Financing $656M 2 Scalapay | $501M | Series B
2 ▲3 E-Commerce Checkout Solutions $656M 2 Scalapay | $501M | Series B
3 ▼-1 iBuying Platforms $59.6M 1 Casavo | $59.6M | Series C
4 -- Shared Rooms Marketplaces $56.5M 1 Dovevivo | $56.5M | Series C
5 ▲6 Valvular Disorder Treatment Devices $55.0M 1 Innovheart | $55.0M | Series C
6 ▲34 Internet First Beauty and Personal Products Brands $17.6M 2 SkinLabo | $10.8M | Series A
7 ▲37 Online Marketplace for Drugs $16.8M 2 1000farmacie | $15.0M | Series A
8 ▲17 Headless CMS $16.0M 1 Commerce Layer | $16.0M | Series B
9 ▲18 E-Commerce Website Optimization Solutions $16.0M 1 Commerce Layer | $16.0M | Series B
10 -- Bone Regenerative medicine $11.9M 1 GreenBone | $11.9M | Series B

8. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Italy Tech in February 2022
Italy Tech: Analyst Picks
8
Upgraded to MINICORN
WingRiders (2013, Cardano, $4.5M, Seed)
AMM decentralized exchange platform on Cardano
cFund, Spartan Group, COTI and 1 other Investors
Added to Editor's Pick
MANTA AIRCRAFT (2018, Sesto Calende, Unfunded)
Provider of electric VTOL aircraft
Added to Editor's Pick
Unguess (2020, Milan, Unfunded)
Provider of a platform offering cyber risk and
vulnerability assessment solutions
Club Italia Investimenti 2and
Added to Editor's Pick
BeSafe Suite (2020, Rome, Unfunded)
Provider of web-based property management solutions
LVenture Groupand

9. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Italy Tech in February 2022
Italy Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
07 Feb 2022
SmartSeq(2014, Novara)
Provider of next-generation sequencing(NGS) data analysis
software
Devyser
14 Feb 2022
Iubenda(2011, Bologna, $0.1M)
Privacy Policy Generator for Websites
team.blue

10. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Italy Tech in February 2022
Italy Tech:News
10
Exit News
.
● D-Orbit S.p.A.’s Business Combination With Breeze Holdings Acquisition Corp.
Global Legal Chronicle
.
● Nexi in talks to acquire BPER merchant payment business Finextra
.
● De Nora seeks valuation up to 5 billion euros in Milan listing Reuters
.
People News
.
● Objectway Appoints Karl Im Brahm As Ceo For The Dach Region And Group
Banking Practice Leader Financial IT
.
Company News
.
● Esaote North America Receives FDA Approval of the Magnifico Open MRI
System Imaging Technology News

11. Italy Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Italy Tech on Tracxn Platform
Italy Tech: Explore more on Tracxn Platform
11
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Italy
AI Companies in Italy
Fintech Companies Italy
Consumer Digital in Italy
Company Due Diligence
Detailed profile of Scalapay
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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