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1. TRACXN MONTHLY REPORT
MARCH 2021
ITALY TECH

2. Italy Tech - March 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 - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Italy Tech Snapshot – March 2021
Italy Tech: Snapshot – March 2021
Note : "Investors" refers to "Institutional Investors" only
3
$161M
2
Overall Geo Stats
10
4
19
5
3
Funding Rounds $ Invested Analyst Picks
Everli Upgraded to
SOONICORN
New Investors
Valor Ventures
Luxor Capital Group
Series A+ rounds Active Investors IPOs Acquisitions
DFLabs#@
Cerved#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Milan
(2 Rounds, $160M)
Rome
(1 Rounds, $1.8M)
$100M - Series C
Everli (2014, Milan, $100M)
$59.6M - Series C
Casavo (2017, Milan, $100M)
$1.8M - Seed
Allelica (2017, Rome, $1.8M)
Fondo Italiano
d'Investimento
(1 Investments)
Greenoaks
(1 Investments)
Project A
(1 Investments)
DN Capital
(1 Investments)
Online Grocery
Everli
Residential Real Estate Tech
Casavo
Genomics
Allelica
Market Size
Companies Covered 6,829
Funded Companies 1,415
Total Funding $4.9B
Funding in last 12 months $683M
Top Exits
IPOs 42
Acquisitions 241
Company Stage
Unicorns -
Soonicorns 13
Minicorns 67
Editor Picks 456
Series A+ 221
Series C+ 69
Acqui-Hires 4
Deadpooled 529
Top Cities
Milan (251 Rounds, $1.5B)
Rome (166 Rounds, $212M)
Top Investors
LVenture Group (54 Investments)
Club Italia Investimenti 2 (42
Investments)

4. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Italy Tech as of March 2021
Italy Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2021)*
Everli
(2014, Milan, $100M)
$100M - Series C Verlinvest
Casavo
(2017, Milan, $100M)
$59.6M - Series C Exor
Allelica
(2017, Rome, $1.8M)
$1.8M - Seed Valor Ventures
*Shows only the lead Investors

5. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Italy Tech in March 2021
Italy Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$59.6M - Series C
Casavo (2017, Milan, $100.4M)
Online reseller of residential properties
Exor, Picus Capital, Project A, Bonsai Partners, , and 2
more
LATE STAGE
$100.0M - Series C
Everli (2014, Milan, $100.0M)
Online marketplace offering groceries
Verlinvest, C4 Ventures, Luxor Capital Group, 360
Capital Partners, Convivialite Ventures, and 4 more
SEED STAGE
$1.8M - Seed
Allelica (2017, Rome, $1.8M)
Provider of genomic DNA tests for assessing
predisposition to diseases & personalized nutrition
Valor Ventures, Pi Campus, MGZ

6. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Italy Tech in March 2021
Italy Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Valor Ventures
8 portfolio companies | Early stage VC firm investing in the US
Allelica
Provider of genomic DNA tests for assessing predisposition to diseases
& personalized nutrition
$1.75M Seed
Luxor Capital Group
16 portfolio companies | Event-driven strategy focused hedge fund
Everli
Online marketplace offering groceries
$100M Series C
DN Capital
187 portfolio companies | VC firm investing in early & growth stage tech
companies globally
Everli
Online marketplace offering groceries
$100M Series C
Exor
20 portfolio companies | Investment and holding company controlled by Agnelli
family
Casavo
Online reseller of residential properties
$59.59M Series C
C4 Ventures
28 portfolio companies | Tech focused early & late stage VC firm investing
primarily in Europe
Everli
Online marketplace offering groceries
$100M Series C
azimutliberaimpresa.it
1 portfolio companies | home - Azimut
Casavo
Online reseller of residential properties
$59.59M Series C
Verlinvest
7 portfolio companies | Single family office investing in multiple sectors
Everli
Online marketplace offering groceries
$100M Series C
360 Capital Group
2 portfolio companies | Real estate investment and management firm
Casavo
Online reseller of residential properties
$59.59M Series C
MGZ
1 portfolio companies | Clinical Area - MGZ
Allelica
Provider of genomic DNA tests for assessing predisposition to diseases
& personalized nutrition
$1.75M Seed
Convivialite Ventures
8 portfolio companies | Venture capital firm backed by Pernod Ricard
Everli
Online marketplace offering groceries
$100M Series C

7. Italy Tech - March 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 ▲3 Online Grocery Delivery Marketplace $142M 2 Everli | $100M | Series C
2 -- Digital Wallets $80.7M 1 Satispay | $80.7M | Series C
3 <> 0 Direct Home Buying $59.6M 1 Casavo | $59.6M | Series C
4 --
Alternative Lending > Online Lenders > Business Loans >
Diversified > Direct Lender
$54.7M 1 AideXa | $54.7M | Seed
5 -- Internet First Direct Lender Purchase Financing $48.5M 1 Scalapay | $48.5M | Seed
6 -- Horizontal E-Commerce > Product Aggregator $48.5M 1 Scalapay | $48.5M | Seed
7 -- IT Services > Application Development > Horizontal $44.0M 1 Gorilla Tech.. | $44.0M | Series A
8 -- Diabetes Drugs $41.3M 2 Enthera | $32.8M | Series A
9 -- Immunology > Drugs > Autoimmune Diseases $41.3M 2 Enthera | $32.8M | Series A
10 --
Gastroenterology > Drugs > Bowel Disorders >
Inflammatory Bowel Disorders
$41.3M 2 Enthera | $32.8M | Series A

8. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Italy Tech in March 2021
Italy Tech: Analyst Picks
8
Upgraded to SOONICORN
Everli (2014, Milan, $100M, Series C)
Online marketplace offering groceries
C4 Ventures, DN Capital, DIP Capital and 8 other
Investors
Added to Editor's Pick
Allelica (2017, Rome, $61.7K, Seed)
Provider of genomic DNA tests for assessing
predisposition to diseases & personalized nutrition
MGZ,Pi Campus,Valor Venturesand
Added to Editor's Pick
Bofrost (1966, San Vito al Tagliamento, Unfunded)
Internet first restaurant offering food products
Added to Editor's Pick
Limcar (2015, Jesi, Unfunded)
Developer of solar-powered quadricycles
Added to Editor's Pick
Cynomys (2016, Genova, Unfunded)
Provider of cloud-based IoT devices for air quality
monitoring

9. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Italy Tech in March 2021
Italy Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
10 Mar 2021
DFLabs(2004, Milan, $9.0M)
Automated cyber incident management and response
Sumo Logic
10 Mar 2021
Cerved(1974, Milano)
Credit rating agency
ION Group $2210.0M
16 Mar 2021
Lutech(2001, Cologno Monzese)
Provider of system integration services
Apax Partners
26 Mar 2021
Medical International Research(1993, Rome)
Portfolio of products for Spirometry
Aksia Group

10. Italy Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Italy Tech in March 2021
Italy Tech:News
10
Exit News
.
● Apax Buys Lutech From One Equity Unquote
.
● ION Capital, GIC Offer to Buy Italy’s Cerved for $2.2 Billion BloombergQuint
.
● Sumo Logic Signs Definitive Agreement to Acquire SOAR Provider DFLabs
GlobeNewswire
.
● Eleven Sports buys sports media and entertainment firm Team Whistle PE Hub
.
● Leonardo suspends the IPO of its American subsidiary DRS AGEFI
.
● HSBC poised to sell French retail network to US private equity subsidiary City
A.M.
.
● IPI Partners, LLC’s Acquisition Of ACDC Holdings S.à r.l. And Its Subsidiary
Supernap Italia Global Legal Chronicle
.
● Italy's Cerved confirms sale talks of its debt collection arm Reuters
.
People News
.
● Generali announces a round of appointments in its management AGEFI

11. Italy Tech - March 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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