For Italian Tech Week, we took a look at how Italy fares for startups and investment. Italy has the 4th biggest economy is Europe, but ranks just 12th for VC investment, with β¬3.6B raised in the last five years. The combined enterprise value of Italian startups is β¬21B - 14th in Europe.
This underpowered ecosystem is not short on innovation, however. While it has created two homegrown unicorns - Yoox and MutuiOnline - the list of the ones that got away is longer, including London-via-Lombardy's Depop, as well as London fintechs Truelayer and Soldo. Italy currently has 12 future unicorns (or ~6% of the UK's total). But from a low base, it is growing fast. Italy is perhaps around 7 years behind France and Sweden in its scaling journey, and making concerted coordinated efforts to turn the tide.
Rewatch Dealroom founder Yoram Wijngaarde's (Italian dubbed) presentation at Italian Tech Week here, and read the full report π
$6.5T is spent on Education globally each year, making it one of the biggest consumer categories, as well as one of the most important.
For the launch of the Dutch Edtech organisation, we assessed how the Netherlands' 406-strong edtech ecosystem stacks up.
Despite being one of the leading European startup ecosystems, The Netherlands ranks 10th in Europe by funding for edtech startups and 7th by total combined edtech startup valuation.
Europe in general has been slower off the mark with edtech, but European edtech investment is now growing faster than in any other mature market. It is estimated that <4% of training and education has so far been digitized, and with expenditure set to hit $10 trillion by 2030, it's an opportunity that's likely to become increasingly competitive.
π± 4th Nov: Europe's biggest Impact meetup Impact Fest is once again coming to The Hague. Grab your seat.
YC-alumni Eternal raised $4.5M from Mark Cuban and Coinbase Ventures to create a marketplaces for NFTs of Twitch stream clips. Explore our full NFT startup landscape.
πΊ Wolves Summit returns this year, in WrocΕaw and online, 19 -21 October
β‘οΈ Amid fuel and energy crises in the UK (7 energy suppliers have gone bust in the last 7 weeks), clean energy supplier Octopus Energy are onboarding the customers of failed competitors, and just raised $600M at double their December valuation.
π 2nd Nov - Hands on Data - Gruenderallianz Ruhr's virtual B2B data conference, connecting corporate and startups.
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