Dealroom – Italy Tech Update, Q1 2024

In Q1 2024, Italian startups received a record-breaking $407M in investment, making it the highest Q1 on record and the second highest quarter overall for venture capital in Italy. The investment was driven by large funding rounds for companies like Bending Spoons in Milan and Medical Microinstruments in Pisa. With 19 rounds of $2M or more, the Italian venture capital scene in 2024 is surpassing previous years. Early-stage VC activity has remained strong, while late-stage VC had its second highest quarter ever in Italy. Breakout-stage investments also reached $35M in Q1 2024, indicating a growing interest in Italian tech startups across all stages of development.