Sealence raising 7.5M, Underscore District, Addax, Sella Venture Partners FoF — February 13, 2024

Join me and Niccolò Sanarico from Primo Ventures in our weekly discussion on the highlights of the Italian startup ecosystem.

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We begin with insights from the World AI Festival in Cannes, discussing AI regulation’s impact on innovation and the technological advancements in AI, including multimodal AI and AI security. The conversation shifts to notable investments in the Italian tech scene, such as Sealence’s €7.5M funding for electric marine engines, underscoring the trend towards sustainable solutions. The episode also covers the fashion tech accelerator, Underscore District, and its recent €4M funding, illustrating the growth in sector-specific accelerators. Furthermore, it discusses Adax Bioscience’s €2.5M round for a safer alternative to formaldehyde, indicating a keen interest in biotech innovations. Lastly, the episode explores Sella Venture Partners’ Fund of Funds strategy, aiming to diversify Italian investments into international markets, highlighting the Italian ecosystem’s vibrant and multifaceted nature.