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Dear reader, in this last issue of the 2025 of Startupbusiness Review, we publish some of the most interesting stories published on Startupbusiness.it during the last weeks. We write about the status of the Italian Ecosystem, the ecosystems in Hong Kong, Armenia, Georgia, the new generation of mobile phone makers based in Europe. Then the latest investment rounds, the news from VC funds and other investors, and from startups and scaleups around Europe. Also a series of reportage from some of the most interesting events in Europe: Slush, CoCreate, 0100 Hundred Conference. Enjoy your reading, happy 2026 and may the force be with you.
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Editorial
Startup ecosystem 2025: the expected leap in size has not materialised
Cerruti from Italian Tech Alliance and Ciron from Innovup outline the situation in Italy and Europe, but significant collective action is also required
Must Read
Hong Kong, finance, innovation and onward to Asian markets
China’s global city, the model of one country, two systems, cosmopolitanism and great openness for those who want to do business
Must Read
European smartphones and the value of community, Nothing and Jolla
The two European phone manufacturers based in London and Finland involve users in the design and financing stages
Investments
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Vc Voice
Terna Forward invests in Japanese company Hibot and Hypermeteo
CVC closes two new deals, co-investing with international funds and leveraging innovative financial instruments
Funding News
Exein, new €100 million round of equity and debt financing
The scale-up receives further investment after the £70 million Series C round last July and accelerates its international expansion
Funding News
700,000 dollar round for Bestie Bite
The start-up has developed an app that allows users to record and share video reviews of restaurants, and is now targeting the US market
Vc voice
Vc Voice
Gaia Growth, the fund supporting transformative sectors
The new multi-compartment fund is managed by AVM SGR and will initially focus on business development in southern Italy
Vc Voice
EIB and Angelini Ventures, €150 million for European start-ups
The agreement is the first of its kind between the European Investment Bank and a corporate venture capital firm
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Startups e scaleups
Italian Startups
Look, here’s the AI search engine for second-hand goods
The start-up launched its product just a few weeks ago with an international vision and a clear business model
startup
Nuvatech, the operating system for fashiontech
The start-up, which has its headquarters in Hong Kong, is already active in several markets in Europe, North America and, of course, Asia
Startup Kit
Learn
UpSchool: start-ups and innovation in schools in Naples and Campania
The initiative is part of NAStartUp’s projects and is aimed at secondary school students, particularly those attending technical institutes
Must Read
Startups, the challenges of 2026, AI, sustainability, capital, geography
The new year poses new challenges for innovative businesses, with a variety of dynamics to consider as well as opportunities
Events
Events
Slush 2025 shows the trajectory of European tech
Italy strengthens its presence at the event, which has further matured, with Atomico data and new international collaborations
Events
CoCreate, European premiere of Alibaba.com’s event for start-ups
The initiative saw thousands of companies and start-ups apply and participate, and took place in London
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