Italy

Italian Fashion Sustainability Startup Musthad Raises 1 Million Euros to Address Textile Waste

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Musthad, an Italian startup addressing textile waste in fashion, secured 1 million euros in funding led by Alante Capital (USA) and Style IT (Italy). The platform connects brands with global circular operators to recycle, resell, upcycle, and donate excess inventory, reducing costs and environmental impact. Funds will expand operations and support growth toward doubling 2025 revenue by 2026.

Webuild Subsidiary Launches Water Treatment Operations at Saudi Aramco’s Zuluf Oil Field

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Webuild’s subsidiary Fisia Italimpianti has initiated operations of a new water treatment plant for Saudi Aramco’s Zuluf oil field. The facility treats high-salinity groundwater for reinjection into offshore wells, supporting oil production. The project marks Webuild’s entry into the high-value Oil & Gas sector and includes 25 years of operational management by Fisia Italimpianti.

SumUp Launches Consumer Bank Accounts With 5% Cashback to Deepen Merchant Ecosystem

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SumUp, a fintech focused on small business payments, has launched consumer bank accounts offering 5% cashback on purchases at its merchant network. The product aims to create a two-sided incentive system where consumers earn rewards while merchants receive zero transaction fees. The service is initially available in the UK, Ireland, Germany, France, Italy, and Spain, with plans to expand to all 38 of SumUp’s markets.

Sicilian Deeptech Startup Archimede Raises 1.5 Million Euros in Seed Round Led by Primo Capital

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Archimede, a Sicilian deeptech startup, raised 1.5 million euros in a seed round led by Primo Capital. The company develops ArchMesh, a modular off-grid infrastructure management solution integrating predictive energy management, satellite connectivity, and low-code software. Funds will support scaling and international expansion.

Spanish Startup Techtail Opens First Autonomous AI-Powered Retail Store in Italy

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Techtail, a Spanish startup, opened its first autonomous AI-powered store in Italy at BolognaFiere. The store uses weight sensors, ceiling cameras, and AI to operate without staff, allowing customers to pay via credit card with an automated billing system. The technology has already been deployed in 10 stores in Spain.

Italian Rare Earth Recycling Startup RarEarth Secures €2.5M EIC Grant to Build First Production Plant

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RarEarth, an Italian startup specializing in recycling rare earths from electronic waste, secured a 2.5 million euro grant from the European Innovation Council (EIC) and potential equity investment of up to 6 million euros. The funding will support the construction of its first production facility and advance its patented technology for producing high-performance magnets in Europe. The company, founded in 2023, aims to reduce reliance on imported rare earths and promote sustainable manufacturing.