What happened this week in Italian tech? 🍝

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What happened this week in Italian tech? 🍝 - @GruppoCDP set 2025 target for vc investments in Italy at €9 billion - data on venture funding in q3 2022 has been published - @compassforyou made two fintech acquisitions and more↓🧵

1/9 according to #CdpVentureCapital CEO, aum will grow to €5.3 billion by 2024 from the current €1.8 billion ilsole24ore.com/art/cdp-venture-35-miliardi-piu-pronto-fondo-gli-esteri-AEhHqb7B

2/9 @compassforyou, the consumer credit arm of Italian investment bank @mediobanca, has made two acquisitions designed to boost its BNPL operations: Italian @SoisyTech and Swiss @HeidiPay_ finextra.com/newsarticle/41139/italys-mediobanca-snaps-up-bnpl-fintechs

3/9 consumer credit automation platform faire.ai raised a €3 million seed round from a syndicate of private investors finsmes.com/2022/10/faire-ai-raises-3m-in-seed-funding.html

4/9 #KairosVentures led a €2.2 round for cannabinoid chemistry startup #MateriaMedicaProcessing together with @MeridaCap startupbusiness.it/kairos-ventures-e-merida-capital-investono-in-materia-medica-processing/120004/

5/9 restaurant payment solutions startup #Qodeup grabs €2.5 million in a round led by #TheTechshop together with a syndicate of private investor ilsole24ore.com/art/qodeup-round-seed-25-milioni-guidato-techshop-primo-AEF2zU7B

6/9 #BlackSheep Madtech Fund announced a new €2 million investment in Latvian geospatial-data startup @roiboxcom bebeez.it/venture-capital/nuovo-deal-per-il-fondo-madtech-blacksheep-che-investe-2-mln-euro-nella-lettone-roibox-che-ottimizza-le-campagna-di-marketing/

7/9 Italian bank @IBLBanca acquired 60% of blockchain-focused startup #Moneytec aziendabanca.it/notizie/banche/ibl-banca-moneytec

8/9 are you looking for q3 2022 stats about venture funding in Italy? - €1.3B raised (equity + debt) in 52 (disclosed) rounds - a new unicorn minted - €276M raised by Italy-based VC here is a nice overview medium.com/@m.moscarelli/quarterly-journal-of-italian-vc-q3-2022-faab960b272b