Presenting the Q1-24 edition of the Venture Capital Report – Italy, developed by Growth Capital in partnership with Italian Tech Alliance.
Key data on Q1-24:
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108 Investment rounds with €443 million invested in total
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55% of the total capital raised comes from the quarter’s two mega rounds: Bending Spoons and MMI
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13 Series A rounds, 2 Series B rounds, and 12 exits
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Sectors: SmartCity with most rounds and Software with the largest amount invested
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Verticals: AI with most rounds and Apps with the largest amount invested
Insights into Europe
In Q1-24, the number of rounds (2,404) is in line with the record low from Q4-23 and the total amount invested (€12 billion) is the lowest since Q2-20.
Insights into Italy
In contrast to Europe’s slow-down, Italy has had a promising start to 2024. For the first time ever, quarterly VC rounds in Italy have reached the triple digit (108), as revealed by exclusive Growth Capital insights on 38 non-public deals. Q1-24 is the fifth quarter of growth for total amount invested (€443 million).
Insights into Spain
The number of rounds (83) in Q1 remains steady compared to previous quarters and the amount raised (€413 million) is in line with the 3-year average. The top-performing sector in Q1-24 is Lifestyle, which brought in €110 million.
