Italy gets its first unicorn as Scalapay raises $497M from Tencent

Re:Italy gets its first unicorn as Scalapay raises $497M fro... by simonebrunozzi on Thursday February 24, 2022 @03:36AM (#30452312)

To be fair, the first "tech" Unicorn was I.Net in year 2000. At the time of IPO it was worth ~€1.5B.

The term "Unicorn" hasn't been coined yet back then.

Source: my business partner was the co-founder of I.Net.

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by gpderetta on Thursday February 24, 2022 @04:55AM (#30452898)

The rest of the article qualifies the statement with a "since the dotcom boom".

And BTW, congrats although 20 years late :)!

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by N19PEDL2 on Thursday February 24, 2022 @05:24AM (#30453089)

AFAIK Yoox is the first Italian unicorn after the dotcom boom.

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by kome on Thursday February 24, 2022 @06:09AM (#30453390)

true. YOOX is totally a unicorn.

and before the boom: tiscali.

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by lnxg33k1 on Thursday February 24, 2022 @06:17AM (#30453443)

As italian with a direct experience both times with it, I think Tiscali is an order of magnitude better now than when it was a unicorn, maybe these investements require profits so that companies need to cut on quality?

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by kome on Thursday February 24, 2022 @06:57AM (#30453725)

sorry if i'm totally misinformed, but isn't tiscali on the verge of bankruptcy? the stock looks really really bad: https://finance.yahoo.com/quote/TIS.MI/

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by lnxg33k1 on Thursday February 24, 2022 @09:56AM (#30455414)

I wasn't aware of that, I was speaking as a user, maybe they're having an hard time to re-conquer customer's trust, but right now their connection is quite stable and fast

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by captaincaveman on Thursday February 24, 2022 @05:51AM (#30453276)

Sounds like there is a story in here, so what happened to I.net?

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by slumber86 on Thursday February 24, 2022 @05:31AM (#30453139)

Also Prima.it has got 1B+ founding a couple years ago. Unicorns in Italy are rare but are some.

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by ABS on Thursday February 24, 2022 @05:54AM (#30453299)

Prima raised $100+M in their Series A in 2018, I don't think the official valuation was ever disclosed

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