Fundraising
SaaS valuation multiples in 2026: what your ARR is worth
What listed SaaS companies and acquirers paid per euro of revenue in 2026, why a private startup's multiple is different,…
Insights
Fundraising
How to raise capital: rounds, investors, valuation and the documents that matter, with data from Europe and Latin America.
Fundraising
How to raise a Series A from Italy and Europe in 2026
Series A rounds in numbers for the US, Europe and Italy, what funds expect before they lead one, how long…
Fundraising
Shareholders’ agreement for startups: the clauses that matter
How patti parasociali work in Italy, how they differ from the statuto, the nine clauses investors ask for with plain…
Fundraising
Advisor equity: how much to give, vesting and Italian rules
How much equity advisors get at each stage (Carta data and the FAST grid), vesting and cliffs, how an Italian…
Fundraising
Corporate venture capital in Italy: who invests, what to watch
What corporate venture capital is, how it differs from a VC, which Italian corporates are investing in 2026, and the…
Fundraising
Capital increase in an Italian SRL: how a round really closes
The route from signed term sheet to registered capital increase in an Italian SRL: the steps, how valuation becomes nominal…
Fundraising
Bridge round: when it makes sense and how to structure it
When a bridge round between two priced rounds makes sense, how often startups raise one, which instruments work in Italy…
Fundraising
How to find a lead investor for your seed round
A round with followers but no lead goes nowhere. What a lead investor does, who leads seed rounds in Italy,…
Fundraising
Founder salary: how much to pay yourself after you raise
What founders pay themselves at seed and Series A, what investors expect, how an Italian SRL can pay you, what…
Fundraising
Anti-dilution: full ratchet vs weighted average, with an example
What an anti-dilution clause does in a down round, how full ratchet and weighted average compare on the same numbers,…
Adaxit Brief
Every two weeks, the capital markets in a five-minute read.