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1. TRACXN MONTHLY REPORT
FEBRUARY 2021
ITALY TECH

2. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private 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 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Italy Tech Snapshot – February 2021
Italy Tech: Snapshot – February 2021
Note : "Investors" refers to "Institutional Investors" only
3
$21.8M
1
Overall Geo Stats
3
1
5
6
2
Funding Rounds $ Invested Analyst Picks
Inxpect Upgraded
to MINICORN
New Investors
Vittoria Assicurazioni
ottoapiu.it
Series A+ rounds Active Investors IPOs Acquisitions
Mymenu#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Brescia
(1 Rounds, $20.6M)
Milan
(1 Rounds, $1.2M)
$20.6M - Series B
Inxpect (2016, Brescia, $20.6M)
$1.2M - Seed
Hlpy (2020, Milan, $1.2M)
Fondo Italiano
d'Investimento
(1 Investments)
(1 Investments)
Vittoria Assicurazioni
(1 Investments)
Bene
(1 Investments)
Sensors
Inxpect
Auto E-Commerce & Content
Hlpy
Market Size
Companies Covered 6,727
Funded Companies 1,397
Total Funding $4.7B
Funding in last 12 months $526M
Top Exits
IPOs 43
Acquisitions 234
Company Stage
Unicorns -
Soonicorns 12
Minicorns 68
Editor Picks 454
Series A+ 221
Series C+ 68
Acqui-Hires 4
Deadpooled 518
Top Cities
Milan (249 Rounds, $1.3B)
Rome (164 Rounds, $210M)
Top Investors
LVenture Group (54 Investments)
Club Italia Investimenti 2 (42
Investments)

4. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Italy Tech as of February 2021
Italy Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2021)*
Inxpect
(2016, Brescia, $20.6M)
$20.6M - Series B Fondo Italiano d'Investimento
Hlpy
(2020, Milan, $1.2M)
$1.2M - Seed Michel Taride
*Shows only the lead Investors

5. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Italy Tech in February 2021
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
$20.6M - Series B
Inxpect (2016, Brescia, $20.6M)
Provider of radar-based positioning and motion
sensors
Fondo Italiano d'Investimento, 360 Capital Partners,
SEED STAGE
$1.2M - Seed
Hlpy (2020, Milan, $1.2M)
Online platform that provides roadside assistance
services
Bene, Vittoria Assicurazioni, Michel Taride

6. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Italy Tech in February 2021
Italy Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Vittoria Assicurazioni
1 portfolio companies | Diversified insurance carrier
Hlpy
Online platform that provides roadside assistance services
$1.20M Seed
ottoapiu.it
1 portfolio companies | 8a+
Inxpect
Provider of radar-based positioning and motion sensors
$20.62M Series B
Bene
1 portfolio companies | Internet first insurance platform
Hlpy
Online platform that provides roadside assistance services
$1.20M Seed

7. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private 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 -- Digital Wallets $80.7M 1 Satispay | $80.7M | Series C
2 --
Alternative Lending > Online Lenders > Business Loans >
Diversified > Direct Lender
$54.7M 1 AideXa | $54.7M | Seed
3 -- Internet First Direct Lender Purchase Financing $48.5M 1 Scalapay | $48.5M | Seed
4 -- Horizontal E-Commerce > Product Aggregator $48.5M 1 Scalapay | $48.5M | Seed
5 -- IT Services > Application Development > Horizontal $44.0M 1 Gorilla Tech.. | $44.0M | Series A
6 ▼-2 Online Grocery Delivery Marketplace $41.5M 1 Cortilia | $41.5M | Series C
7 -- Diabetes Drugs $41.3M 2 Enthera | $32.8M | Series A
8 -- Immunology > Drugs > Autoimmune Diseases $41.3M 2 Enthera | $32.8M | Series A
9 --
Gastroenterology > Drugs > Bowel Disorders >
Inflammatory Bowel Disorders
$41.3M 2 Enthera | $32.8M | Series A
10 --
Online Grocery > B2C Ecommerce > Beverages >
Alcoholic > Wine > Retailer
$26.6M 1 Tannico | $26.6M | Series B

8. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Italy Tech in February 2021
Italy Tech: Analyst Picks
8
Upgraded to MINICORN
Inxpect (2016, Brescia, $20.6M, Series B)
Provider of radar-based positioning and motion
sensors
360 Capital Partners,,Fondo Italiano d'Investimentoand
Added to Editor's Pick
Habble (2011, Migliarino, Undisclosed, Series A)
Cloud-based telecom expense management solution
for businesses
GELLIFYand
Added to Editor's Pick
Datalytics (2014, Rome, $531K, Seed)
Real-time solution to understand and improve brand
reputation and social media engagement.
GELLIFYand
Added to Editor's Pick
Caracol AM (2017, Lomazzo, $355K, Seed)
Provider of 3D printing training and workshop services
Added to Editor's Pick
QLASH (2017, Villorba, Unfunded)
Esports player organization
Added to Editor's Pick
SMP Security Robot (2019, Santa Maria Di Sala,
Unfunded)
Offers robots for territorial surveillance and perimeter
patrol

9. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Italy Tech in February 2021
Italy Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
04 Feb 2021
Mymenu(2013, Milan)
Online platform to order food
Gruppo Pellegrini

10. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Italy Tech in February 2021
Italy Tech:News
10
Exit News
.
● Kaleyra to acquire mobile messaging solution provider mGage for $215M
YourStory Media
.
● Aci Worldwide & Auriga Launch Next-gen Atm Acquiring & Self-service Banking
Platform Financial IT
.
● Ofertix buys Groupalia and Offerum from Merchant Digital Services for around
nine million euros Expansion
.
People News
.
● Panini announces new leadership and new corporate headquarters Business Wire
.
● Around 80 jobs at risk at tyre giant Pirelli’s Staffordshire plant TheBusinessDesk.com
.
● Around 80 jobs at risk at Pirelli plant TheBusinessDesk.com

11. Italy Tech - February 2021 Copyright © 2021, Tracxn Technologies Private 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
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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