Ermes Cyber Security, Muscope, Finapp, a pan-EU 100M fund from Azimut - June 26, 2023

Ermes Cyber Security, a browser security startup, raised €3m in a Series A round led by Sinergia Venture Fund. Finapp, a deep-tech startup, received a €3m grant from EIC, the European Innovation Council. Only another Italian project was selected (here’s the list). Colossus, a Web3 startup, raised €2.5m. Muscope, a cybersecurity startup, raised €800k from Primo Ventures and Klecha & Co.nElephants, a Swiss/Italian luxury watches tokenization startup, 🇮🇹raised CHF 500k.IH1, an investment holding, 🇮🇹invested €100k each in Deeva and Pelo Matto, and €1m in Mamazen, a startup studio. Compass, a consumer credit company, 🇮🇹acquired Swiss-based BNPL startup HeidiPay for an undisclosed amount. IMD, a medtech company, 🇮🇹plans to go public to the Euronext Growth Milan. Canova SGR was recently founded and is 🇮🇹getting ready to launch Nova I, its first VC fund. Azimut announced a pan-European VC strategy, 🇮🇹announcing two new funds.