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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.

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Founder Institute doubles down on Europe, now runs 10 startup accelerator programs continent-wide

The Next Web

The newly launched chapters are Zagreb (Croatia), Helsinki (Finland), Istanbul (Turkey), Rome (Italy) and Kyiv (Ukraine). The idea-stage program basically gathers aspiring startup founders, experienced local entrepreneurs and international mentors for a part-time, four-month curriculum to launch ‘enduring’ companies.

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European insurtech startup Wefox grabs $650 million at $3 billion valuation

TechCrunch

German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. The company is currently live in five markets right now and is working on expanding to Italy soon. In December 2019, the company reported a $1.65

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Heura tucks into $20M funding chunk for its plant-based proteins ahead of beefier B round next year

TechCrunch

during the same period last year, after clocking up its most successful first half of the year in its five-year history and bagging a number of major retailers to stock its plant-based foodstuffs (including Ocado in the UK, Migros in Switzerland, Carrefour in Italy, E.Leclerc, Intermarché and Super U in France).

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Everli, the European marketplace for online grocery shopping, bags $100M Series C

TechCrunch

Everli , the European marketplace for online grocery shopping that started in Italy but now also operates in Poland, Czech Republic and France, has raised a $100 million in Series C funding. Founded in 2014, Everli lets customers order from local supermarkets for delivery. In 2020, Everli sales almost quadrupled to $130 million.

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Mosqitter’s machine murders mosquitos with much mirth

TechCrunch

It is hoping to start scaling up manufacturing in the local areas where the machines will be most needed, including Italy, India and Zimbabwe. A business-focused version costs $1,150, and there’s a large-scale version available for $2,100, which is focused on parks, local municipalities, and larger areas.

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Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom

TechCrunch

based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. It’s not clear who else is in the running, although I understand it was highly contested and the startup had offers from several top tier funds. Dija, a new U.K. Blossom Capital and Dija declined to comment.

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