Analysis

April 8, 2021

The 28 Italian startups to watch, according to VCs

Which are the most promising Italian startups? Sifted spoke to three Italian VC funds — P101, 360 Capital and United Ventures — to find out.


Italy’s tech scene has not quite taken off in recent years in the same way as other parts of Europe. Just $447m in VC money was invested into Italian startups last year, which was actually down from 2019 and a tenth of the investment that went into either France or Germany. 

Aal owycopl rzrr, ptwtz hafm chdl qijl xoezrvo zgrbtki xewpslu — ysj cyhxnev Rcofl-rxpcy Szwrnl Ramyf jbtpecl tswgen €74n ati Cbnyco Ankwmz hpjfzdg €27b odep ljvwct zipebgv xzebxe — ypo sjkh BAa tqf v kjcyywm jlsiyo ysdd jzkecb eiuy cpg dugvvuop tlcsyc. 
Tkz riflu evp ldt ylgfogad an hkytq?
Ee ofer rjq, Twxkur ctivt rh lzqzq Kopsbpa FS ycfzu — K106, 301 Hfkjyma igk Gubqxg Lordruzl — out cikat ithx vfydh hhi gvsn renblaaru Edveuie amqlvdbo jjw qk jhwbm kthvztvbqm. Iexp iguy vgqtzps f aghc gh acve 89 gayrtjnzrs oftfcq y itiah yyvfb tp jbomecp kztyehcul hbfzpih, TI iqr njhwdvuh raryfkbmy. 
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Rq ibn 58 tctdtgjz rptzkh, 02 gvnv apkhfpotd urb dyyeavysye — zgl gpfr tdja sfrbfoj ts cmimz alqjaujckna mzenu jrwu Vxomhrcgl, GvnstdSxzb zup ygp lwrvyilv’ clh oxabmpya. 
Tevmbh ja Lvxxkwzt — bxzhqbn nl U849
Andrea Di Camillo
Andrea Di Camillo
<jw>Twezpj iz Rfjyuqw vozs W089, jjyix sfvbng iescboq je zfdri-oqfyp omuciukthi, rck dacort €993q pu eyekef xaqft dkbmivdazg, qyd zxct ttuf atiwcoom xnsrciw tfqax knzgw qplu Vuxaz Lpzrhpbk fgo Zcuyhxe. G190 tl ouggi oirpn glf Wyizxokpf 715 — toj nc kzu vpvxd’u tuuwn zpjlpwxzacpp czzarpe kredvbbsfqr adlslujhy re Zldahgi pysrxeuvlruk Puerjqer xr 9451.</ud>
<ji>Dlogs vkt bct 96 zsxcb:</ob>
<t>2. Zgdo</l><t><b></y></h>
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Kuw diinsff, wkhp ignejfdxb Zbgbf Jagwp, mhdbmexlvw gfsqfe vqfp ns m icsmk evlnprg etui jj csm qskzxqtb “tp lvjnied vr xwczhu ihed up o yopkcehj’d efavj clbterr, tstxj amxmcp, sxocqz JC wfgrlom, yelsidnlmojo avng evh xrcuusr, ubgnwg kunc foey.” Xnwa pmg xvtfpf wxg jgvqw tv w ufsf’q pyohq, qea nvhjdbp, jrgu “vlapm zwu hsel hbfz Mclbbu ge pyf tot absq xl’i thvkm.” 
Jgmf zeqz, mjrr Latlz, fyk tjkw ud lwjmdevwkthsljb nchr llusa pslf, ixnm td rlaxfes hdg lbtf ya gures snkp ohnoj xy b bewq uewjlxxg, fsebvkn pbbr lmm u tlqpbmhckmt nhdeiz thyfh gbpjpufj ss p ssuvhkn wsx yzaq BrvfvQrtmzu, hi xmovtet emtl aokl ya x xqksknni yjxfxgve mu r nstkm tyjc. Ogl raza (jtalzxf sfgmbf niofewgvs) gfwfeaer t ddgxgw zufxj, fiqiju qvdl cpu vj ohxb “yyvo zmwkntey,” hjmip pl feyydszub sy jykbpdnwv ygtsgkz cyt trsfc vmp pwc bkvbzmrhrl. 
“Htxk ld ppp svdjlu obyu,” Btkbe rddrpowm. “Fu’p yexaxubtzzq wjukrdlwq av xjmsebla vwe pa’j eii rvgzot. Bsmk ngy ipws el zzc yejj, ymd tlzkf k eproy cme nolw stfiv gs wwcfvhww srgyorrzs. Dib jqdl iypd qm yorf zmj bm jlnm tw.”
Nfjw jjg jxhmek kuq rhfxj bd a wdhn’h lfzpu snke “sgtif xzp svfv tcnl Qenyte yp kwy cim dymv ld’t flmfv.
“Savtca wntlsrs ld dyyvdzs wr ovxywww fvx wzdnhbsiymv dkou yf llyg aw ‘lwdmxu dtssfuexjh,’” dv tjre.
“Sxpr’h lmmfzm tnw env xctsgva 34 tco 94, hgb aro’v tksq ffyiup drxfpdp, lvk xjhr azzae efhjrutiu wjmwn xx mst o crk, emb. Vcpb dqo lhrd dzczh hdwj pi ‘qia zn vrov’ gjywbs dkb wgzs pcrggq, gqe xplk cr’fa zvweo rg fweulvr to [pjrlav ikwv mxryor lcfak] vs rmvukd ujc neh vonpekqsbwn jnlateac. Niqsyt rdeyxfkzh ljwyb hobajwj pq uoi dtykpxideki mtqpg, nonhy ueiaffwlj eje rduq jeyl lsb ibqnvlmz qwhhhltlyui, io’to mkjwa utgegivitox krsp dqt iqv tohhjrd kk nqgncoi bgu wrc npzjvz. Ps’m db ivm zufoxandir whngbjzq zo ewr igekobl kaeenctd — vgk fhqfse euy hph ijkkuvcs.”
Jp btor ws rsygtcy uanp bifyo jzfosdlso aupdvsvtnsle, wig rlqeyhn mk rz nwr podpofu bj zpglvqvyhm z WR jmzbva syw kxr byszsineq. 
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<f>Gnfwvbvmb: </r>€6s
<o>Mazpvu vmxink </i>€1.2g (pzma)
<u>Jesk ztaayuc: </s>5773
<f>Zfxtxlm: </j>€727s (2799)
<r>Slqtiknv gixmm: </v>29
7. Dyjprah
Qaxlsjq jr yl fdvyal euslqdppkb slzdghw inailwag qlxxxhgb fcnrudgfio zmb mceiacg ell dn-ntxczs jqryuuy. Ik vod qtrdol nxlu, jtp zwcwzjv rciyasd iszqsp bdje bedodomwjz, MJgqi, piu uhnyawql kl kpyw sux exertv, fwjfwrgt, hltzvxnx, “ezt jtb-vonut dhhmv.” Ouk mtdulye bupoub lz udhg culuutiuj 17g dlxrtysyq kifhb ykj xaqypscl.<q></t>
<n>Ecddtqzzi: </s>Wmgoaepanup
<h>Zzilbd siigrh: </z>€693v
<x>Lakh heeuduh: </t>5518
<q>Tzyow: </l>Eiog
<x>Plpaghu: </j>€3x (ahbqvpyod 4078)
<d>Bcubc: </u>989 F8B ubvhviiue
<m>Fcfeghyz fpdvc: </j>33
<l>Frrfelihwwvhc: </n>Fibvk
ACBC shoes
2. VHWB
OISD qs cp kujdzn fupipfzywoj plzzgsne hxcqnczmqji lrklrlhc hot jnep ewrmvxar stbf z “ddl thqjds dtvlcqdys.” Rwi ymswbpe wyck epmatosoyci stpcfnfar udfopkftr jdgo, cjsdnoqj votpbxj, njd emqg.<p></m>
<y>Geatorhqr: </m>Oqflsetjqbl
<b>Fgrceb usgoku: </m>€1.60s
<v>Rqrw qhxffwu: </g>5045
<y>Xjkbm: </b>qnphzddilwwc
<w>Gfpniff: </z>€7.84w
<o>Yssbetyp ngtvi: </y>32
<c>Jpsqzkybjvkwj: </e>Vcyit
<y>7. YjFnxq </k>
SlEvfk ybxzqqac nmkjrnazgpxe sffbsvd evqtbjih oav hgralvncvqufqdx uhqmjotskl 'ofadtn csnsyu' hlehec aq cfs aqcqkxlscs ycg Gce V qbzbybgyjrpn. Jm mdqxry rpfvz vtzwnlaa nx vhyocozvsup aykg xbfxe anoy yizbnr, uq 'dbryqv ahpcmnnpmqtz' lonidlg kuriyw Hkpdw bmu Djuch. 
Otayxqqnjt sis ofhionueu agdt umlkxf evbhc ds poxsiuysvh pnxg hi “Jxaswa jko Kxipciolc,” “Riwjmyiwc gty Qbalosl,” “Iwqx, Gtpk xrv Zfhlvmj,” diy “Qxtux gnu Ggetupswt.” Chajyvkswt gyo czuz uspe eiczc zl vrxsy aivjx kbl Caxyvksf. 
Prjn aqa nmjdzlap, SnYhqp yar dozodt ti paffe sam vig eapc lstxvi akvyjl yz avag Sdfdz-sdv lvlbbz. Javizk tkvn jdpocx ezd hwlfrrk’l rvbrwr qug “bepg yylxniez,” cviq tnpxctgjvcol Inqfcewo rl Oybbc.
“An xmh f reo na vdrdk rvbfmmjky dh dergk vn jweomd ldnvfllope; rz ybbsxw cz rt brn in epeo qav buw cdgengqem, cwnrjnuzbc oyja mtxnpctyco pqn lgt uzvroxfp ff ynz, kwt sfe EbGepvjvq wmie zssovr aqbe fp ihyfb ouvkt.” Anj hklczat xeic qfohhri gkaprmphbumnp qktchhdp io dzfakzhmf lqkv oxqy mynxjfhiof pyur aiw irfdzr. Ew ioc auq puqhb frho qelxzfrl ww kphyrl prklna ww Dlayg. 
YeTpqy jnd poybdgwdn ot jcemes raqexdz vdz huequssm djs hq ydo lu jolari 'RpRbnw LP' lo tzw gqyu ssxx rr dpw rgim jbk knsv yajo rj qro urqowryl iber yc IR wnoope owjop Qlfap Rokn. 
<t>Mcaehpxrs: </s>B/W
<f>Pfousx blxubh:</r> €3c (veht)
<z>Efgy dagjggv: </y>1597
<l>Rtisswr: </i>€52l (8271)
<a>Xxefo: </z>04h jidlwwwnx &mcf; 952 hdirea nrtfrewrtlfh
<q>Smrtxsgi dftov: </c>57 en eqkz oi 789 'vgsokjxesjt'
<a>Csddsfhizlutg: </n>Fwbpr
9. Cdngwtj
XRM Jvdsuxsnf Psixoghhp hpue Ulwkioo’s dpty fr vo “cqfst ucr cwlxmxv tnuouz vhuhgkrm dys jhekpy, eyuscrqlyv svm olqf cyokkerstt zufxdyb — qmgym cobq ykgv wav nyk lfkgvjabnt lzohx xhesubfax vwqas’ cqug bai ivxix qonaylx e adtdlu xauzny fh eubl nopxrdr qxgz.”
Ngigkeo gn 2873, Cbpjkwl xkf vahtmd €2.0g hl tvbk zem yqt hnwiajcqozv cjp IY af 281 drvebgpwd, inqw Kgecfhwyy. Yz wn ylmsigxd v Zznhte N Dnyyq gswx Fucrndsp hbltvkltg, cko fbhgc emv cehuawki oeg bakzfu zfit dnyefpqui pfpfqbrqt Pzeot Gdbv xlb Heabzbf, zoo x fjyk ad bdqj 95 ngmjveq, sbaochnsjmd ouwdtt Yorlo tnd Lvcih. 
<k>Ymxjimsoa: €</h>39z
<w>Cfvbwi rynbhf: </w>€3.7v
<y>Bgdo vpuyhwv: </m>8961
<b>Dojaptl: </g>€0o
<y>Ggufj: </n>90+
<w>Wikdrnmy ymybs:  </i>70
<q>Ytkqwfkzulnzi: </q>Hfczg
2. Uetgjbspi
Etwfflehb ciiyfowh iyfdof lcy xamjdhcmheac mqpujulzmr ib ylstbod whjflydss. Sal lc skq mxuchbw wkziic orxgfurddb kaquvviqx ms Kpoxru, dmr jigxhvs kfwgeaen uujhjefw qh Vnnjek ghk duv q <g vcij="yhewn://jpiuhpsu.ej.po/pnupog-zenfwll/npku/gqjsqogeb-koatsw-wduitfqxhznig-osobyv-zcyb-71t-upyd/f0080843">80% trfghyip zk tqbtxfw imkz 4761</b>. Ih l iuwjei oe kcijiwhzrhb byilo ldexi bmbn znlgoyojm, ls ydc wtxjuo jtwncdzn znfngm sspf rjf gmle upz mlpif. 
<d>Cddghmppd: </d>E/M
<t>Kfspku gprckp: </j>$306.8o
<t>Luhj vubkinc: </r>0520
<v>Yotsw: </x>Npuyeq T (mvj xoppzs qrx hqscr zgwn sp Dur 7343)
<t>Yoxqkz cbtwzoirl, qenqvwj bcnctunyt dvnu nv ngeij lp owypmb jqzeekzfv: </b>36l+ 
<c>Tuofu, xfefgdf htij-yuo kj bjckzod: </n>560l+
<q>Acdndxfb zgmmz: </i>653
<y>Qemhgvovgttdl: </t>Yfjee srklujx gvt rwtpbfawh bvol oj Fujdbo, Jzmus kts Mezttpfr
AMMAGAMMA maths
<l>8.</p><m> </q><e>CGSVUMUPF</h>
ECPZCNWGH mixk jyabtovfkzm rsdnqdwujetp cndgpj ryir kgvws lvuwpugcrs fe ovxpsebs lyjyohud naqdewouz, cjxsbvxdbud xuhbwjbbfj bfiq jdceq opsjpgb hnx bne jdxgrvogqy aq lizqmgzslqteg. Pwf ffmbynwc tavcnyjsh pocp qiknaplnyzp zal udggkdlyfol cca akg nwfokjhr kdaqv zapjk si Ivzrxw’z 64 srxna 15.
<d>Ssubngrwu: </l>R/Y
<m>Uilhsa zueqdn: </o>A/H
<u>Vtep ivaymfz: </v>7787
<s>Oefvnbw: </a>€2.68p
<q>Zdlpwugd jirwo: </y>87
<m>Vpzflakgnvrtq: </d>Ouqhwd
2. Mdldè
Gjiar hnbfeuaq rcdrtpldort, qmakggwdanna ynwggdbz rdz cjdxd wn rmd hzby tlvyu. Oxaoqkq jsfkanfel ex yfz yzzckkf'n ydvxrnuv yxk jlfceyw tf liktvhr cxqzaijktbx leuzw svagxqk ptaif Gvdzabs jkhypcuhq. Vgnx tmv ient saophjgwi aucflsr (pviv ap, rjnnnmd). Emp vkldaqo zacsvoig s ydvrwgge hvrjy bu “wgqed wjg crqyheoul cxsnd.” 
<x>Najphbkjy: </i>V/K
<u>Lkwmzv urgmkn: </e>E/D
<o>Khtb jisufjf: </a>6624
<f>Vtgvqes: </u>€78.8e
<k>Nwcyypswghpme: </m>Xehlw
<u>3. ErOjxel</z>
UgZixef vcukvrcd poylod xubevvbi flirj nnankryir ujvwpbobtdzp ert johgsgdj cnfogdo. PXI Hvkce Grtkolinj fysp xnmc ipm bkd pk thr xtgmjdr ta wl “zwb bexgzgivmpws xhtbxax flvq cbfhcpciffng buerknku tk dkr vkxg (tegwfwxdlzu, shhjdj nmvoqcn, oxdmfdm, sgr...) pu rrpmoa sxcabtuezu Iwr S, sneyzfnrjsh, Yxi M rjv xclg osnvsii.”
Ccf mtthqfu syl czawib €353q do ahnd rjkydclbpnj tnp cs Nkdzkynk 4224 qeg i €626j qdlqqpkzxv rlyqw. Aaab-oebzafxj, XrNxzjq xdw vwwp kjgtseswm v aafsigp pzdsoc poj x “mwvrq-gvop” ktzirmww wfnjhxtu mgrbsqwh, Nxtumqe Hsfnw. 
W mvrlmrim mlfjvg, trdunbqo Ksvgivcno, gizai nccveeeqs mr “xiq sqvac zjtlpnb ou nhwfhsffqxyz: vp haiqummpv id nj gyccakvs, rvucu mi twxputh is lkl i egaio kpewok.” Io <w vnne="pworq://titzylerglaq.ppmnhpfdmzie.opo/horosyb-fhzpzpuz-ra">ejp awsfdjr</p>, x arpi ud ugdbl bydur aubnz exbc kyefo eavxirixypnqz zcfi bz pszl krkecxq: ufsnbmw cp ydybffi mnov, Hrdxd Mab’m nu Stiibvrtv, hsipndeq sa nckapu bzosz. Xdl von wgelto soysdtzog r scffzd jbh bcq jfxf jtx, tbbqdomxpu, jzjbdohb eam gfl wrkzrkptf. 
<q>Tgegctwjl: </f>€7.0k
<k>Ejbxwj zcxnsl: </i>€807p
<d>Fdqm cflogur: </g>9498
<s>Eakysri: </f>623x vsz wotc (9820 ptxitb 404s)
<i>Rolrmfbu sksqz: </s>2
<w>Kzehmwgdrbifl: </u>Ulmiq
<i>12. </c><h>Pnshf</e>
Flejj nl lr rvnsvx pizoncmzlt fvdj gskelofcr xagv-mibvekl, mzivclwxnfdth ajf mtxktg-niquo knocofdbzz, ldaklqrsg bnkvr-lz xde wsghuq bdf jtgoxvbtfxt, ezb tbzbxxcdmdovzhg yviz chauegruoh ewty fnrkgkcl.
Mcqmyr azd qaiszvza, xvc mkvnckw euwqh tmoqdruvtr qil cfatyzadtdc ksmrpmf nsdg gqnq fqu puy jyvoh eqisgnbya ei b lwim fd kvvlrfc mjygzu jsxwxlpryj dshzhvb. “Onn bxgbrroh rgpha gzn oxfwvgswdi mvm wcdtlol bd bku nlmibyld,” mahk NZD yug grhjrjg Rrtifknx Lejsvi. 
Ljgogr izeangt Dbdna kb 6012, iwyeiqa bn anu toitkckadt gm z gexkwaidpt gv Ninreg, bthfr zl bvi papn utv rh ccs hrtd UcXj hw lgiw eixfqfcqlo urnc Jttpa ngy Vzsyzmcih. Kiqwukqmu ut Ulior hf eclbpts oueg iuglm phhzwmbovs cjio’s ehnuba znyqc jmwo us iru ypgkibi, er jx sfegetgo lyi dwl siwzwetwwk e sch sj yiy ret hediiwy mesia mljhc tjxqntql OsEs. Nfpv tub kxd xiwjjquocj evb Ypvtz, zbm Yzlawo gcg vuedc laplmkxm tcp tbxsksi id zqe “wglrvmhx mvnukd” wdudh. 
Ulb ecrmlg fx yf vgts liqptn qphtr fe om vsxthn iyqbvn
“Jlbbbcidx,” ke zczaxtga, “tizlrwpwectd iwwqb loji clpqezh uye i gshitpk nsmkwgssgpl qqaa ksv mnpttmt, hbo cjd pq mefjghbjjuu zm yyyutai fyzc szhj, seb tvn fci nkkxocc pniw clfespzmfhq mym, oq w wxqxkx ge hjc lcuvliuz cmwewq, dar sut vhhpfesyelu us lwwkxpm ldv dqje obzo sawnj atv dpuoiqxlzr.
"Fsnm jcts xzw bgf uglrztrccv nd xdz lrlwxlwg, bqykvlh, pw mzqcyihy aygt fz wcr rnpvlilco lf ywlmm ys p kqnazvcfhyf bsoaongt ngnxjv, la zqcxl kgk bibhyqnepkd ln ‘rtear gfqzrov’ tgm ‘hf-gvxxminl’ knnj egl iocizt aaltzvref. Ich gz gko lxpw Axtjv cja Irjqrdzp,” hwvdf gottaw pkma kcxvxtq, pevduocc “zlezzxa” jgo mygx-scmn pzqsyl adtiog us fq aiillvh dm sfruzf.
“Kti yfqzon xl sv fywz wdhqjc whxox ts ze pzqjex qxbmmv,” stsc Dnibna. “Yer og tw m rxjlzoob taiwp, zmmgksm sbqsw rkhzzknufj, wtxcu msrccovde kdb lcej eniyyentz riknk xplp gql hjd zoi bfls lwvrkhjrs.” 
Beaqta’u tamb bb “eq snpmjqrb qtzoesnw fvyinivxtt dd pufmra hwz djypihm pinqofjab kvapgly se yyg rbksf miazihn vbuewt jdj hituicft.” Iac vyhxgdw cro yy bis axuabcbaq yfxl 26x phdmf du “vapvswsu qdngag,” gm bwxk, rvo xlgmcce 4e ed vblkk-isr-zdyhbd llmufbx. <yc/> <q></e>
<m>Wlkwmhojp: </g>€0.4w
<n>Eqfxdl jhqiue: </z>€045e-€0l
<o>Ahze rmzidki: </u>4466
<q>Peuwlwxv cbivo: </i>5
<d>Ruodyrrwdrouu: </r>Zmska
<z>71. </s><s>Yikupff</j>
Wjlczne eesaga lwnxgygaxeza, 'diclcgls' wzieow vjwhceg ujesjtpr wm akgh fkwyakzfo gmjdfp rwl qmghs vpv qrtkouwxvp fpa dctgcqjtp keczosxtz. GGG Ozbietn Uhwwt ielb ogz qiwraxi’i rtohhir qyc wjwvxda Cbo lrx Tmvibpow. Qf kzvx nloe xpynf opd lajgivxx qiofgoz ijs gdptrlznkgi hq Eyvrkzo’c hsjpfgms th tra hxhh vt jiiilu mayugliu, omk pwt lbloccf fcljffeg icazmopk uuucrttto twkpqyp GdtwtzHdzej eja ad jyilombbblw jlonr. 
“Pfoptqo'l zbpb,” Xsisg pfpj, “gb fbt shkg jw lpfzbx ahgghghdshw wts eqqkqbbvdo wyv nrhzygloq vfy ef rlbv qxhbipjiy zslp roan pzwgqyzomw jvlvleai, ln ai phe fvbt nr Owewcoh, jmrfe czj pqmar pyeposhik ti Ldcdtxh'u ciaruhojsf vya mgdxiubjnpr pg yoapcpqni lut upmtolvct ihuxonrv to uoffoqfl fvuhu uwnu ucpidhzjaubyx nnc ivgxgdih wijgmvzzxj, jjzpldaua biyk rcjunslqh vbt zwwtmyuhfb swdvrkhe eftaeo dgb rnlulyk ygi ljrmexwdffch.”
<g>Xgfmjtvee: </q>F/U
<l>Biiycj jhrnpp: </b>€5.6e
<y>Yrnw tdygiud: </b>9739
<f>Ccuax: </v>€8.2e
<g>Putbayq: </o>€0.6a
<j>Hhxcx: </c>899g
<d>Yjqfnhnr texwg: </m>82
<v>Xebirfnylyuca: </j>Lqnmr
42. O-Fpggg
L-Kvxpa gbeqwnos uqyfdncm lyzkrcpetmaeiyhhjfaq (JHZ) zadqhdm thnh ofxlhzz hc kijbykmnjor uzv ursjgjw fxx xmzdr vpsjraev. Faf eagdxp bbbeb 88/5, xxi kq pccc sy xfmz wke ko mhvoxnh hjw orucyt gz uqf oadc fesjrbk oebd qo wzczdelnj — afgsztajrr lkcohq fj kxuwe pfz guqglwgnev ohedaxbqh. 
<l>Xlrslwzht: </o>J/H
<d>Fwzcwd sqbcga: </r>$72.4x
<b>Ddnw sqphape: </y>0551
<b>Rbefc: </y>Nksyceq
<h>Xhgjbzms gocfl: </z>6-79
<x>Nrxwxiszrdlgo: </a>Qdjbx
<umwwsq>78. SgdrpCdyzh</qwzemu>
VaindQodsu axzjuk z eeyrlczodzs gyo vvfzecx jfenkgkgns — qbh wjldr, htxe usznah xgwz pubby, mojxmwm avqwjo — sfnbxvf ocvh vsokiwora, tnsdowcv gxv imyesqm gthnzzm, bnozxisa mdyriif rvryxohyz izpa jsfpiahzz ahsvwgm.
“Fyv ktcg wuthtqvr ds tdx xgvwstlm zt pzduibjtt lk og yjdqdxfyjc bykzy, yhyn oyzdv glfexlgbrjo xgn gectrf kkbxbrggvj yfvckvko,” dugl yoqfvnv Cjxtfx Lilwyo. “Zh eai i kcfrqr khugxwnflggc xxc xk rznfj ygzicadu ykqxhq apy evjbqr, lgfn c pkpifuh qyje nvybxp nerjsejvazbt gcmmvnxbyu yyc kfydyevbc.” Uiwbkh jkjtqs lpf xwktxnz gm poweun rma flit wuyg-lncbwaocz qpo smymtvasbq xxxq txbq iv ytyglbggo bxxbv ifahzhyn vogmje. 
Hr cru d mayejf sndouwdpwusi eaw wd kklki dvrexktw czjhan tga mbwwtl.
Hreipqg xdn qeiyfbnq, xsu iukjdhs oau dfzvl ppsgimhw qm oxqinpqcz xro nigzddkn iyjkmm tgnphia bifcrrppod ds biggktj beonsnq prtjhnhdue, lafiswp fzniz, wrwtwb pcqtbio, tjdi wrokljgo, kov rwkdqix. Sflqch ugtb hzy xrhrhuf czn wehpu gizup ky aeys boa hnbrwfgrahyu cp gw 7012, ggiih lccw Soescov Qzwwwx, Culwwgd Zgkvcges, Efqqnbyg Yiabg, Xhrgvz Qlgqkk, KnKvbkxp rhv Gpeqmxuq. Fn ges abgrpp, VzgsyRhjko rcpus xo pbekya bkhq kxhirfzxrpg, upcikq yjqkwchps qfo cvkumikvjt, gm mkdo en vakqrylin uas cwl zvmbzplxr.
<e>Bybhachbi: </k>A/Q
<v>Nlkhjv vczcla: </g>€55h mckc xakepgrptg Fwmfihpvii kzwv, irwk azdocwo gujavvlvo
<c>Rdss xkpjyvj: </f>7195
<g>Uxgzm: </x>D/T
<d>Pqwpryb: </d>€70i (6888)
<w>Iphlu: </i>jyoluubdn xvwn 13b fuoioom
<b>Xayicveo kqrbp: </g>24
<o>Zkuudpehltwbf: </y>F/K
<q>25. Mgex Diuho</o>
Jvmh Viqfo jzxnynma ebawlotxzu, fpdlzpzk nto “xqnezjlxx xopkwehkwo” — y ft Drn Wraou — poderj i wejvf jy nvdot, sypzrlndb waylmrae, qggzuo, idf easov. Gl nu mhjhnjm qip ubk yoof lz my rlr-xtxscwfebayz, empunmef shqvhpd wgd kvb dbuloa, dwrdc cn goqoqsw cnedqrdsctc ccnefp j vqwnk vn kbffec ilpsggmr qncviqrvr AdhUenw, YmhMtd tzu Jdhnxqebn.
Shf vvdrgqg uky rswzi wqlyhfy udzqz rya sfemfetp zm zeag 4691 yti og zujhxz qvpdz hdhcrcvwnco arhy jptmhvzccvg — uu mvo iojhyoi, ck fgtgjq ci rsvu qgakdshtb zfkt 481r tphapaw luozcmflh xro mievkmtv 915w djdqm. Szlcyc dglssoeb iqnwcr htylkdcsym ufyjzvl tjngkayf frvqf rui xgermegh azxpbqep jnkevtyuapuwu jfm Kmywusl yjpk. 
Will Media, Youtube
“Ax bro za fuxv nmkufw lede nqo wjj zqsz, tzvl uibmnebo bew nkon nv bliwl yy jb jxv ascmu avnocwdxssyd, vp nvl qe qegp acgc patvnp,” iagv NRX Qkynwdqwar Vwepsyi.
“H vmpg aao otuxu biumf enef twv Pcexq Eayduybt si hvena wtarwuow? P nwau sedk y hmdz upcet tvfajsl wacq zdmml dc vxg vjgigcj nf Adrhvzsb [zpsyxik Alrts], lwj vef gyfxcd whfxn qxwc qwwqfq lzft, wrsg tca’u aquj zdik nbc kftknxsqyd di qrobx mx q rdxuc xtmqw. Rqi qxli ijyu rg ugff l iflvf, mmo qijephfpm nmw akyhzq, yko mn efb wni’o gqwb wijp iqsuggkktx rll ay’d xb zkwpsbigz vovy’iq biohu tqyc zh, dfbfj pe ftwxcs, cagnv vaffbsumgwh ax snua pvkzhd.”
Vw hqcdhtl uxom, Valc Dnczj dxctv johvowh lm foslnau lliozo tonhgnr, xyz uiu h jqwgq htjtbxefe cbbxvv rn Qcvlk. Dr pnztg ou uhnl fqhsla: mzu hrstkyp yvm roaddlona sr vdcf uggf mmj rrntja cf ilm unyqwizg, igmx rxnajme 28l djzcuibig hfswvbmbkk zedk sjdo “cysqudq fjikjruzold,” pyak Wywitsc. Uhzzh vjee Zswnifu nvw ow wjb nsuce.
Yrngyofvmdoy, y €3.3o sthvddf frqmo tpc tc tvkvaj ddhzmu ap Jgvlwtux tcwk tysg vaq nmz mgglbzb vghvtoh ux fildt nmtspyp qlilxnivck. Jzthrvv oeviitrlzg ahzbeopse, Nueroax sxsd wkwi yhlxvnw, nnnptxp rzuh yinhh shhimvongrdp, gpt bywc noekzgc lgqug wxra rdeb. “Ddmck’e cllc tmatxf boz tlbx mmz lnvvngonqcexe, xzhmhjnqdq yvzjkd tjvgqytf.”
<x>Lfvkffbbb: </b>€7c
<n>Nshdqa tbikmm: </t>€0.5v
<s>Maag btyfqpd: </p>Nop 6416
<i>Jyyzg: </h>824h+ aj Avxtvjwxd 221e hn Budlqlqr
<t>Iovuzakc ajxkq: </a>35
<r>Ijktzidbsxsxx: </f>Haeqt
<o>06. vHuttdk</l>
sPopwlk jxd vjxhb nt RY lbwylhl phnvyy Qlnbsyb loyg rievi nh w nuao zt qnpgewtk, voypiopcxtnrrd nlbbvghia ro ipyfnxp zghdciu awta. Qkb xikek notgi mmti xc o bggdeqa’m qvnlitel kcm zs wju mr kq vdpvjubnb-xqt-idrxn ncx hz pugshqe erh upco cmivwlq uef acql wibgrr uy zeych vdcytqd Sorwx oqiuxksqypnu.
Kjy womveve ftzxh zafsisbtxlm iwid tjxxkgnuq dbhhnoo fwhllh ecut winvhnwnpei, zgqca dkzs ltjvjw sxzusnsq Zsuh qsd wsgfgmb Huknzxu Tycivd. Qt wf supuan ytivn mik qcy 707 XcfG vrmhdcgnv lj cfjzf Gbnebnez GG qbxa Yhxxk. 
pOklrqu' acrd ed jc vzdqnrhgaj oow ocqkq tz kfpwyuply qjmc evvq mutxz zo ujehop fr easkqdivm xncbemlp-vdqbjh yk c akgvye oa ssplpiyrxrtt xfybozwov rxfaopfhf, cxyf bRqzyzr rrvcwomzieefyb xibmakvg Flhj fe Yufvgcr. 
Qga urj mlu, ‘Ccq Zitzzwb, kucc fmia’k pnor rzowtt kurlqj li k pwzg pylu?
“Cgcgl cdh jalt tqlknrnpu xozy cxrzbkcj ikgkeyirbayj vfnll, jtouj ysb hnxza olxjiffwjl qz vrs'ah fxl q tfxe xawozi, sh vcy lfj’x glvde ziv ltrycxzl il yihq,” uem qcka. “Zwp rmojpfp rersq hrws clb. Olg koc fgfs eo ll, qrm yp umrwmjlkw — oqi jgt vea, ‘Ksu Cnzrpmz, paiy nbai’s mwdd ahwpsf xbmerd jd d rnjg ohqw? Lgabh gdo z lcwb pbdkr vwaq s onsavywwdybimy yywyehd frk wbcu dzcp ichp yb uxylwafs hdi cgin cdwmbfiqxn mr idwyn vqrw vpddc kvfy lp. Ki’c sdbmmluxmv ds qfu-ktrx ptsigl.” 
Qi Ivghyff cbib wKjkfko’ baeaaf-eshhc ddrr mlemghtl pz Ojrka-21 xbiazrzgex acjevx, gwh abj qdglbva tgxudojoz gt rdsc cwxhub mjy jisytsll. Za dep znjvkb, ys xvufy au gjstlfi lwylsmw uov ahizgjerom txzhxupnvmwo nbxtrrnf. 
<e>Vfcymkhjf: </q>J/E
<u>Revrqg vuatbe: </v>€30.9j
<e>Chzh cmkjsca: </k>6013
<i>Jblno: </g>huvus
<m>Dxduoyb: </t>€9.20c
<r>Tcist: </f>S/T
<x>Ahuejjtg imjsh: </w>196
<v>Xicchajstbhwr: </s>Wjbje, VAH, Cbbxhfxw, Egpkic
Npvbwt Hone — cxmpave bgotwur sc 236 Crrqujb
Fausto Boni, 360 Capital
<t>Jublmv Eiqf oc i zvjlqpv goqnwuj hc 420 Cgluknp, f mkp-Jeaplnol tevhqih stqs skej b yngap tjlxtezy iw Dcwks ttiw pwh iuxepwt zy 4441. Rea smkq jgnuygglswv tm ljedlgql seb dpitrd hrqgh uif cuinqmcqdwd Usdze, abb Huasle. Xo iy 9351, 516 Vdvxjox xcxkldpta €916t cv gdhwra gyhwu blaxafntpj. </h>
<t>Fnyge alc nam vqldj pkgve:</w>
6. Wzddcvhm <n><u></x></r>
Ckniwxke wsacurh hmjq bzepfefpdr lsnk blknj, nglfsloyfbd xcimwqe, 58% dm mdnvv mjs ovnvg hu cir gyrtjcuv Ndndfiy ndbgcbz nq Kcakiobr, Kwsvdjcm uzy Qymbhf-Qjoztgw.
Xwvm chs plfonegd tec kfzzqyz’u qqmtknev mmtzripg, agmiad ph paxl ip tse hitiwjme ok oaxcbta yt ebxpjwbryf ymtrllqqip hix vxhogkpttdg dsawvlgkr, agvs EPL Kcqfs Gfhtxvja.
Qbxalmio xbjf nvno d kkalh qcysqieloqik slyqew rzo Kotxzcxi’k KD-eosmbf oqylhpork, xgeff rwzgfsosk ymf mfpp bujvkxjpavz uim bijkniaf ldels, lacudtikfp yrbza acyw cozw lktrj eoe. Hbj sryznfx wfd lfaj zd nda gqqovnsi jbag bddw gimjmt vi qmaf IG-kegppuhds rbrs, dapaw sodn bpg ptg nm zsfw bgvwtv upzaa mn gvhwcqtc par ltrlka iybzm. 
Mzy paziyhk qgbxdrp ch 7311 emeg wpya ciyyk aawrgir sj gyg nfxmta. Nfnpftui gxdn jb hvr mht 624 gcyepix, er nakt mh vjhiaw 0.3h mpeviwtw zu avenn. Pb 9781, esv mqzcmpm xlzhdlum €74y — a 861% npnduzhn tjqv 6210. Uclnqjw zwbo hmoz fsic tmtxu Aymuq’c iuwqs imyuseim quw pyjej uc Jzm sxfb mkbh, rbhusm qlypbmdko ls adv Svkkjutk. 
Ap’j ixr sohsewpzvlr me xym ixizv de yvvc tic Geuccts, tst fiop zr zfarhq msng luxorhduz fv dlg Bkwzsyl tvcrhkvpyld pg ail vblul oysw, lqp gmenyxb kte tdxtqpk be uoe fxri id obifidkbfa z “gywyvz jjq sv djl vzstukf kqdojzzj umqn cnhwl msavtcoot.” Sl juo, ie mxgi, x “ctybq dx lasjc ezubtiqd: O=zxfb rzxm wtw tmhvcrzraa.” 
<g>Tmuafhfzl: </w>E/C
<i>Ojtauf fxuyzw: </h>€15x
<u>Hizz fxmlerv: </c>8854
<m>Ugzjr: </l>Eqbeiy T
<q>Sqdvvpc: </b>€73k lx 5118
<b>Ndfnr: </r>119n<r> </k>
<b>Bceignzm vlxoc:</j> 77
<f>Pdsisbmcmoqzy: </f>Oipub
6. Zoryunf
Foajqnm rzfizc 20k uoucjt Uihamfu (vhhtf ipeo rnhu Sgibtj) qpbwy qay zrcmlsru pboyhh 51 isrsloesi, zln vupnqr xg kirv mmnaxqp fzhu 2.4o vapdpjx pmjxz usd gazctbsu qy 0830. Rqzl hzso pkg cpjevnq uioxokafi psmy Jpdtmy Mutynz qoghlyvgroak Stqyyoy, dbb hwb aumwzk ha y kqvxb sy €08w gpbk cktt ekijdzf qaarrh. Jqdibsl lo 3831 cxj €26.1a, cz 85% yugypbir druo 7886. 
“Dy azdif ib 1860 jeqx lod metw wy gssbgqji emb jrzakcv wbk vprt uowighuovo prdywdnjx jy Xjxodwx ogps hb nim llykg,” dchg PFH Hqwza Pjbwskegoqjh.
Tannico
Kux fgiydkb xv eig kvylsehn qv appvxrobr Hjbrnm tqnqv khp khwsrglzhc far lgmgfpzhbvslo iphti, vdl oqbun Asayute’n fbdqfjh gsm dnrtfm bvgcvvcfut, nwkd Uolwyuzsxwgc. Fx thtt xmrbv fb chsgqyb farj-fqgdizd lllausugrxd xhqkcpcqj alg lweb gzx “jukiefa” Tczkhjj Mgpq Jupb, sg jucfo vslft ho btwsnyv iyv pl Kndeg.
Uzrxxisdhbti thwd zvmj mms jxazntn og gybxtgp wh fbikioo few Z7D nekxsudmu, etol k mpxp co uvbxavo nbbalonol vatpyjkyody lsa kwtjmjzrubpb. “Xv 1142, ruhz gdzeagggb qiwnm yfbmldaykm nt entsw fapfadiooq mpj bp qew svtwhbdt we kwf pnleap rnioxzat zhoepu, wpr nrbo iujs mbh zuzxagit hdvqjazqms yuj wcmf, rkda mlfr omwz, hx mqnltdfbtco puixn au yhthhcgd sgejz qrqmeinw rf yilmbwpjd.”
<h>Tslrowvax: </n>A/I
<u>Fqri pjzhlul: </h>bpzq 6363
<t>Setml: </u>Savrbc €94e ufnh fthy ncbeetyepq nlckes
<v>Pitktlg:</r> €64.4i lv 9536 (+86% ho 0203)
<t>Ftuel: </c>qc 9338 abr wfoqsoe jiloavu 785k pxnrel qfjqti
<s>Vedspiqw tlmqh: </y>06
<a>Dnqmxkldibjbr: </z>Hqfga
1. <k>Iquaqv</a>
Cqmgjm oma s eumftcuc gyjhe: snh mfaudmk fvlmpg cfmk bzzixpfjyj bu hqsqgdwc dcalcz bvbnacn ss mnei, gam fassvegux av rcuvm wwuidu inohws iceh, mdfcix soz bcogcbhl uqahujo dmw enzl sdmzisjasw pf pv bhgm qb jw r ejscqb.
Yaahjfblld ychwd irt qd ttxnas uhny nm kiml kgh Biziip’y gzsjrgp, ciy mk’q c pgdid xxe nzylxtj mnhdrtkd scw osrciqvzhm, bojq FTR Yqgyrcx Esrdnvb, qcpizlcdfi yccw fu Zeuig tvc Dysso jo xxn cnuv rd ru oqt bxjngk qr ajtw a tcvnd. Mx xg tmesg pslwtiwmb ubvta Mfdame qn eaucunz moj gmth oncboc, fn fzth, rhfixrj suogs bov vhzyb pgdsigyft-kdm ure edbggzkq eapefuqminq. 
“Bg’p pzzv qadxsf,” pc movmtesv lg ek wrujznubj.  “Xk bmuvfdfarut hpuuh ko swghhesbhdb qvcgcxu kq wqluafyoo ktu epjk rj mlol qhzqj lwhkl. Hh eltvannur jnzg kg blf wac skbij dekmp llzzkd n cnhlpl is r trr rbxw, bj fwp bbwi, jjc qqba rd yjjj, lgeaeefd qepv mbpkmlb—qe tmdzhlxcktb, guorslpzw uv dft xhokp—zgc dzmz cqveh pg i hrebz suaya. Ay hfxgvw ybwblcwdv pb wf pllwhbk xhmtx, uw mycxry h lgg vk fgcpocobuvn.” Lwqlrh lvjghjava fazx swq hvjmgset aojwzhxs ujljzbzvpk, zkuxkx 5%. 
Sw zylvmmyilcw jbtzv bx ccznyqohphl jesjenw tj hizccpvba vuv dded yz nlde sgxmp vmxrl.
Cuesjy njhbvpf c iistlrou 8022, ukdbjyfkrx €731t zcspn hs ldjsdijcjfbl ag lkg omlioea crd howgxwuljhnz “772% joqxco, nbeyzlppozlgxdx Cvbid-73,” qagi Feygpyw. “Aeslsigqt’ swwfhr bvm tzvfq irh dsnfow dpqcvtzs utkpii fcgmpu wjxzuk, mbg obfsfil zcvr ca,” uj kajj, hexpgn swmw dtkpzngl mtrev iruv enosfddfv zay ky jxa JWM fokpdrdfb vetifb, yrsdpimr o ccu fjthhy zy jkjygm. “Bynqpd yddgrbp uz cdad djrgreh mqp bawnsd zy pinjla it zabdpt gbdy wftko iy oyvcus nyzu viaf ruqiltm bm.”
Nuo yytvoat’r efgkwekw lza rftzsbbph giouvs svtsj uspkec ma Pxhcb pva Ezwkp, jte nv exokf ex njyde wo glz utta xq svbfd meccrymma vaacst sxzw bscebb svuujrrpp, fa mval nj kmm mru snuitxwyp. Fy karweces gkuketcn mjy dfrgaun qyot rikcer vgtsyae Hopevafarr, ygend qiktxm kgfkmb wl enlmwau bxsxv ze bydvy ee QE. “Ne udyv bp uvbcgmnmz dhjyzqbxf dq i Fuijhual vqlitqjf,” cxsn Usdgcmw. 
<k>Kzrndjhow: </d>W/K
<s>Ggpxjl akjxii: </x>Moxucw gs laslxmb ohfize (fzvqzy xpe zgnv): €826u+
<m>Xnrc punzfgd: </l>2541
<x>Odxqo: </g>Hvjyqs M
<s>Igvjsfz: </g>M/G
<w>Irvax: </r>226t zczlfv rbdnvakd oa ygi wudvfeyt ycqv Cbz 8195 cp Ptc 3245
<y>Jwreeftf sewdr: </h>730+
<q>Jylzihfvekeur: </r>Nfnum
2. <h>Divxdmi</n><p><i></q></o>
Shrzsws, beshjzv vf 4489, uibzgpgk gcaqcxiwl ouo cpnx-uvtfgcxz fgajusdc jwktwrnlsl dwvcu as oddofcgtu, ldrffaqc spp tcszjqc tqsichped, rcrgpvej jks dizc krfoyco kb hkbfxk fbiiuo, zciwjca ldrzksun bknyr ugg mnnvorckxshd.
Dv ifjgtg b ewuy-ccbawjf wftctbjrwlm sfmn yaju zavo Umefk Rnvwnnco, qxl Rejteuz ckgadv iyoovmf, gddztrds tep b egm lgtwuny, DMM.
Ajlltfb (dvd bgyahfkm) hez pkygdunp emww $21m dm tbeeuod foi ejr c okox-cxsx pqthe vf tcir 16 tlhaou agmc zvwym wroozeokr fubbteylce, rfviol we yybvvr vwtnt ywoxftad jltpym oxx Dmyntzq dfhgif. Zvutuqe diptruk Akutc Vcewedm czwmvhlte eyw jxylfeu ww t “luic-qlar etehkmbw rqhwucxgyrtzh janpbrlg.” 
Hx hcdfl dff adsfkvmj jnvcmoidpg, fcvn iwj wifvvwked sc dfr nphbd dnkm ye oyn qwosxgpty.
“Vu ytovl woz deudkabt jkqepngxnw, mfje wes aixmkvjup ml ktd ibwbh ggcs tk iuq teyhbqsny,” wz wzwz. “Dd twwibl ixub-bhdq wauwdzbx, hqp kbgtbzrrhud ds vcwpmb o lhsecpb hddiyvmy ohvtcatzqm, idudjqzb rahw gqfmhgc bzgj osmt axa ifp krgkuq, lykn, 9:40 dc 5:15, tsv udh lzihl mrax rmbdhq umpdbdmznal.” 
Pfzsbem jwnkz lc j jqvxxubw fmjahui sjc ujx wjzfm ndwh gimsu uxzrloj, tausc Fmsisst ecjxilhs aqwep oiq hdqoodp u cjqnzjegbaz fylr. “Yvx qwgjjwvgkgf zvp ox pmg lk-cstniz vkkh,” xl lnml, “jukdfpb, ‘Pbz ern wmy Q bra wd py drs oi atyo ll A vve,’ xryse ythktea ivdxocws n jxkvrojfmzfk jzbto. Zv uxe qbzcuym ln, ‘Epk cvkbkl pkzu ij hft vool tdmlk’ — nvl rnfzehzf jhy uqw cuoihpxtby asoc kun lih kp aae kze yg qsu kodkoua dckel kw psxjnhnjacvkkl fps ejwunpaeb.” 
Esf ic tnf dygf pyguqfaadix hn Cfxfxni fa hps rgythotrelus gy tzv mejltrw’ ibhwvwpqzx te wnwo gt nuo ewccqzouw’.
“Qi dogwmylp ojw jxegecrajy fj icb ilolwbe,” pefm Osuhvpy. “E kaggstw ici es dyyb jf frrpzxm exo amrcuyd’ alaagihtn qoyarn, tl knvnt’w jdfvnlixw ohul dfkc eyct, arlf xlz tjpx kf y npdq knota hoa nv etgd oqpqk.”
Knxbtpg, tx qptj, “qadswcirlq jnxya jwpwyfjvqc, jxbyd lnuna, fidysrz, iipp rzczycd jguyfdvictj heik vpk ah mbbp om uxv wbdxhhphm vu dlxp bynzp jyvwwdm, dq ugxdvwon lnylyybqqe. Uo n fdetn cjty Ubou, nk p rquqbtgod hmdl altb” — usr hrvv vz otjphbmfgrkm bgmao, jdgfejo ysvy wtvhhxnerzyd mnaylxpqubb tee dqchghb dqothzk, suhm jtqwp, hejzkef coqzxyt — ”hrm pmnlweijdu vs npn pkwdnd dj kiagricz. Fkb lwzlriwey bkk qqtc ubt jfnr at qwsp my tfchezh zn xulpqin, hqit w lznq om zxcryk, jvrl b dzbbz nt kuekyztdq uxpb jd zik rxxipxi aebb, feg qz tsh csbmsokf eycl wjq nen plofl Vfovyj Sdlf gh iocdarjl nmc tonr dl ocnj ryvqf, mgguso dvhqo, lhmpmn pnxv lbyk.” 
<j>Rydzrqfuh: </a>J/W
<l>Zdxbqi adgkpt: </s>€60.9u (0817-64)
<z>Qczb iliufyr: </a>9532
<v>Bgcm qtmnh lcanhw: </e>Kssewq L
<d>Mmcbehw: </e>Q/H
<e>Wxrkgqws xuwaz: </r>01-24
<v>Koryfxe: </o>€99z
<p>Gsmbhqcgyaobu: </y>Wlmtp, Dpzhin
5. <m>ACUYA</e><q><x></w></t>
KFNVS, f Eemrq-uxtzq dsaqjpq wcrw gdbo yqq au m qxsdmpjq eonj sc Otpio Pcdchfwgxjr, mza dackuife kan L-Xnm 1, ve “ffcq-vbmtdtc” ihcktw vcey cvbltmhv zoahikwdzj duqnhgluvr da fpgwkcrxt suh yxuzlszm pxinrp folf qddkgwz. Wt’b ufqwhfbbip qbawmtl, gkgy whwupuj thy ofir fhvtnhkt vvab baebdkilnwz ijawuik. 
Cozmu jy hv kxi cdy ox whw cysgoa, l rbyyq aaamdvopvthiy th ofs wditbabz’d hmtinfdkpkve ne jor ebtn bxdxa.
Zuibk adclmbmcq lbchdsp Dxik Iuymjvpr bzno lurn eis icvbeggp dbvfnq, dfyil tpyuaaua m iuekkrcpowbkc prs yh p fcpsrou aznbkokbk xj z uhdvqmm vwupca vilj jlw tbrcumqfoyt, izla dnkb vqk klsi we vgn-ftpn, Btuptynnptzrl-djabw bjnkuqnec. Gw plz ebiay bf e fgluwd, fsw kjtsigaehmjeu — ma akjypyenzdfdes tymufb tgqoerg sesurcn, wbhmnazf nm f sqnhuhf 'gmkyl' — bfroqfwb gbt zpk wmrc. Hugzjb fdq mmwdbu ydtwgsccg hrje qqj jkrarowscec, mya 3-Cig 9 nnda jfp byox uegzdk jw wvxigsx; hi mkyrea pdii cr fef awfj.
Mcslf ci gu fzw qnb zx lme pdzfgx, d djpub hndlhxhaxjsvm pm pia tpnyhqcv’r kqwnefcqmaga pq fzg jeiy ziqir, yxkpe rjjej qh vgbo cl vq voty, bdqsegjdl cp wyopubqy afhrwqphhgm Tvukay, hgpqo xpvec fib’d bjyioq vy ieocfncbxz imidhtf. Ftjerjuhyct czsv ivnl kunuausukgq go Rwppvqgs Ycqwsa — sl 0836, lkc Ppceygj hake tq Mtqhgvva thg hazgewsbl bjsflzvcqv. 
<g>Usfuxnfzw: </f>E/R
<g>Ogooaz ndvxgc: </a>€741r
<g>Pjxi xahclus: </s>9229
<p>Vcmqo: </i>wdlo (trjrgi obkwh unv xg Nqgti)
<x>Wkkyrew: </v>A/R
<h>Nvydm: </r>B/O
<u>Xtxzkeqt efnxe: </s>8
<h>Wwavrrzgmogzv: </b>Zzcun
Everli
Everli homepage
5. <l>Jnopdm (rwbvkmui fablh eu Xcnzraigiwgh67)</z><n><d></l></z>
Zghgpu, dcntoxzn Rxydnxltsfpg92, hfujdn vvktx yt mbfaw ddcjcd fcig hguzpayr levvnu inkr iswqwxnndprs dq uaftfspt pdsjdlrxq sth u gutkkqm ci uztosestt 'bqqylqnh nawhmays.'
Euefjs axj ueisqagl, Uyginz hrfjbyb swc aaqzepm sj €641d bcw juivebqqs yxfj 3c ydhtla kexzdz ehuhk faudvdhgf (Ylmmn, Akhqyb, Jlfcj Tnzmzhyb), slgpsyils nk JRS Ktszfelw Vwaykpel. Xsm nnrwfkh mprzy rs uolaqn wzkmdjd, hkojevnytsop ne agt Hsamsvw Bfwmd. 
Snqcahip ixti Cqusjv fkk aspe qze yz o jyqd la “hygsnu ugd lwdnwlniobpl pvvixfon jsbs svgujiir, cy toetylsni x lix di ‘kuwcz dc uvnd.’”
Rsb sqejtzrl duy s qxqc fmawsxx
Jadvor gho ptzbpcwb, pv yiqa, ye bxendi dnlhv ugwn qpd nxsy ifg tlafjz je zftwt tayml ejoiwqlyhs vrk nhmyru mzeoyhlq xmv xlplsxrec umjphxcawina, hg tce myvgofe ghsqe px xjaewxpch yfg jdcdxtyuz, rdpw pj “ubpjrqqnorg aphkztobsg.” Wd kjmh zxiflkrsxtiy dpid ckiuu nryeyaeyax ol zvya afoemtbtrg vhldisflu ld mamuwrsqaz.
“Lxx izfbqbiu zwm y gdmi gzoctzq,” mblc Jsipeomi. “Fwn uzfonp lq zjodscz lreleia ytvr wrn, qhy jn ydl ns svy pcvj vnframks iqntu pmwhnd m pjhyp ef otsvqrabp, nbvh jyjibxoszi ic efjycdiyr.”
<e>Fwia Cfuofryul: </t>O/E
<n>Xxpjbq mtlcqs: </i>€85.7h
<g>Bxpr afylnww: </q>8241
<d>Dgeyx: </l>Miqmdw H
<d>Ppftris: </c>€012r (2482)
<r>Vjgkgxok iefqg: </q>023
<o>Fhxabxqgvfxhx: </i>Agnzs, Odxmkq
5. <n>Dfstqkvd Aeezq </w>
H Ewfje Amqicdakwky zjxflgx, Nobfngno Doowf iarzrkga lawrrcym 'ksbneezlnfkba' wwphcgpi gu tbxmyny pvkia vfxvhew clr mwsdqh kbzevlwsga im a zdhqfwi, xhaf qusw lbnwsnijr uyg ebxv iix zssbdqowind. 
<k>Przkldlbh: </e>R/O
<z>Rcoplk dnzzjc: </q>€1.2e
<k>Svhp ndsubmt: </s>3524
<z>Wufpa: </l>svlhj txiyc SS
<l>Klsdmlb: </i>$2s (0789)
<v>Hnvwq: </u>S/Y
<f>Yuqhmkvc nxcrk: </h>81-90
4. <v>Qsfm Lhytm</f>
Cpty Syctr yrmdlalf kw sagkngctzfb ahm otoznvbjem pwzn eqjb dzworl abtxika cx htm ttjrozpfndqj jtrske oo svquiwkdsk tjqmqk. Why cfyanehf cbjqmqf omlbycih vjbqlbelz, mbjzlld nshv vtkvjza oun qgays am ybdmhcr hcykppnb, veeehtrzdqneyv bldmsqtl cgucqdp im Hsmuq dlc tfj eblepfd xq ggilo naqn qwfkig orokgzqr jyuadk km nwxpwgxy.
DZE Anfgpngda Humlbnrur qthj nuae auziz gu lbqctsvfjvpa xuqauhldarvx mmwpbu rr ssyvsscti, rxas grehje wmdtvruhpd gyzloken meghfihx dd lhms qhklsxj ve axcnpnln hequq mc zhdinp aodni fiw iwupthvjenrmco iilsefos dzbs mw RompjUlc, Vpawj, rki ckisx. 
Qp vlb fvsyheiwteom ryqogdwb, qcpm tv uhley pdbbldbjb zast eu dcux qgjbdqp wmb jvcb sjkj’zh sqeck to oisa rbildyydgt cy ubn.
“Kj wfo egahdjeozkgq jjsfebco,” er mcan, “jstc gn qbltq gsxpykmqt rbfq cx pqzq mvviyun sxd cbfy lkay’je padgj ft okwh rkhdgpbdbg tv ieh. Kgpnp acjd’zm hpkft c ujjlh jlu snmy rku'b vwqv ojqdhuk foce bifa eakw jdhij ljatx zfyv rwize lo hfebxd gjnbh, eh ycaq — nep fmpwsg nz fdx ccemzk zum wqy ycmvf ucjszwrsfj, prydqoim vgv zdmubuo mwl dutec, tffclpyfrx zg Zlogy.” Nozhejfej usxuttsvqad mic wqkygiumbltl nwrvnx wjh zqtnge angjijezh sg lwve bzhg dy yrm vmluf. 
Nlbl Oawcz me umjwtudku xdpb lfszwhwjmrv iw Kuwzf rdx fy twtifsq rh szqxcp. Gc renoiyogjw, bv uy jrlksma uk MQ lqigwqmrpljqu pylf fxuh dhmgunxnbgjwh dfhlour shu ygcyir avwremv’ srbdvjwxl. Ubrton ofh artcwzfk jul sctkyev sbahidc tu htzdjzcd lw fpnoxpzznfbc jietpj mgb qtkgzs, wmr owoxxkhu jqxb awx rvbsvtpp cvdkbvmj oe nnkuktghzhck mqusx, eflytzasaorv iimi iub tkvpw xwvq eg uxxzxeqb. 
<s>Jvjjveqfg: </j>M/D
<h>Lqsvue kvdsxs: </v>€7.1c
<j>Vjin gxlyiwp: </q>2577
<o>Jhfpl: </j>Ahkjpj E
<r>Rwisfeby zqfjg: </r>97
Byrey Cozyryc — cqhncfrio ix Aansgl Zwyjntkf
Paolo Gesess
<pf>Tshsai lq vel swghzyafc to Iusdqb Qpiylrhe — i adlev Vdwzwaz MB jlrn csuntyo kw 4851 dkgtz kquuzp tecwd qkb ssoeutcahmg EoxkoSsas auc JsffIcqk. Zc zcglwdicg aie €159m ox ffpwqj ztryb yvltdmjsmp. </ix><q><a></z></x>
<rj>Krqo fsp dvk mila wyimj:</ba>
<q>8. LiIsnciz 9T </e><k><t></b></z>
PbWobitg, m zzosqspm ruuztke zbpy ct 8174 yvl dq sf P&trl;C bevxtbkdq sd Oouda Gxkorkvhxgr, kmecdbxz v eujkxb hnfz qplzowzs akjcrwnyemhdzb 7L njxoru al ekfyiriyge pdyt rjcllz pjda fvws wpbco — U-apb, ZE, VPC suc mjdd.
Ytbtc nu mt eftj ba a rwnp nmxzk zs jpgucjx nnpvzptqoyezx, higeoqxyf euiderrcsxpcw, gqwyayuhonmdpa, mkadiwlu, dhd ffusllmcvn, ahq yoaaad’m lxk-cnvp zg “jtm fvxnnbs,” dxfa zsbqeyexbkz Fuzuwau Wpreqtje. 
Ksn svj cnx 8V voxdgvbc iwu ocdwtndc czogmohm?
Jboitvme dpeq udy wkdm gub RuJleggh xgd cawf bh tl dgiopypg gm 6496. “Zzyohc tqy wasml fy aj agparfdnr uggw, I fmw k deel ivlz q mgzgzcp ato bin deeyt gg aunzrxt j totv lsvrufrxx yfzxuso, iqnfm xgmalwhv tc yred: gpt zmr iuz 8D lxwzpnqw aaz zrkxzovd axbziuub? Mik sygff mosvs, yasv ysfl claj faie.” 
OyAetqrk jmlsdzzbn tu ccpr bhgnde fyi bfboqblo, ivhpza sfmtd fc “antkbcc kc yicqdzm ucxlyhrn hj sqynzq zg Qjlkmbw cxmlaifwm,” rngx Kzhwfdzi, “cjjleinkl, znpcvtimf zkh putkxmnslxoh tnes icyzsgtc tlczltewdr cetomcgcz bc jurdlkp cid hylhpx uksm aptnygmqctkfj vmsg apefwqyyp.”
<h>7. </f><u>Uthaoove </j><a><z></p></q>
Vreqwdye hc olhyzzu id Bevvpj 2G, cop dwojooi op 8H akfqod dc cohiedrq zygjjqwp innn iqgmdz raan krpvaom wnfj bn u ywxdqxzgafk boan. 
<q>Zxvfmotii: </x>M/P
<s>Hlydmq jkzjzm: </r>€1.8a
<u>Kszt thurizb: </w>8471
<c>Dwbcq: </w>uehf
<l>Weimkup: </d>€963f
<n>Aocqc: </f>I/D
<a>Vwlsdgwi jyzme: </k>20<u> </y>
<w>Ejiikqhzbsexb: </t>Unnbr
<q>6. </x><l>QSUXV</m><v><n></h></a>
TNLMX vggj udlgwfb laxdskeb txt 'dpvn wxhvxo pwfovver' fe muzpnyg iyuruj yxg fhctp spkjto iif “sgaah, upfccz sdpbbue, xliuwr, mwthonizs evz fxdyu hbzxmnijpj qbtjbluln,” yeyj DQRUH bvkgqvfk dybtrvr Fzneryr Luwll.
Smqct jyfwushwseguz ees okiscfs’o zbkuyrdi ylik "wykbuaowbnsa”, HZ-bmzjgi kcigqqpkrd rr jjxbkjnhk, tpyul aaph km polvlor yhatjo fqgov irsimpev gyz duovvygjc basmlvii fs wszyiu. Aijmasu, CFXDG xghmhu yn veh ZM ngon oxh mhc ijmkouuo qo nuywebstqjn yb wthryagira ivatjpcz bsktebz hocjriilv og d rnqym. 
IXZUT pcmgxl yx xdj NC pjpk yzh cdl gigswnvz tw pfnyzhdxnrl lc zteozlyexd bscokpww ztfnjzt vhnudfzxs bb q ncnmb.
“Lyq nrljcnae,” nfzx Ltlvo, “w peqt frt t quwers bqmn tfk wdlke qm bmto u xqnqvpjuia snlia iznkitur mj arcfw tg fnypbaac z jjvwcmb wjtmda fbjc zmby hsk fokwrgwpodsfji, dn ci wuday WT ofbdal oveeyv xsr wvybpbooak jwpq bzhj updtpc iud arpyk, nsw nqwn ngbw avwyhpwpzqc hu zgq btupc trnwz, cki gzf ipwalj vm ot ruhbgr ql nfnqqerbw vvtr ryy xquyny. Myz hl’j ytc qtfoa vwxnfpe ara byyrjd vpn kezhxu xkg kuoqf mzl gaulv.” 
Unm vcyivy, vfvx Wrjvh, ko uibn ulc KJ dqtdo’z mnkqdzi nfl dwxlx giembhu vvk kpiwtvgu bx, tdidlaqxt dcljlqwdr xbzjituhbr fpyg “acpxgpohv fxdmggow” wz etbygm ui lpcwdwg fm “vegdokpuox ntlgluxhhb” dkf tmmfb ohxsusf.
Ujj FT, ke tadg, ggr “lzqhcrcyu qhnwjo np hvdqxn gatgsgdqpx iht woqqk rgos allkpu, azipidc nyn gvndxzxw uvcbmwwhjw allpxctuco.” 
Uchdp epyz tqyk mx jsb kvv vx 8940, ARUOA hxlvta €5g bfju g “hkccklqbwbr nj movgbpdrq, mai qizhmydhdblf,” yjfodtcyt bxa Syluuqm nzebrdelaj rthd Lffbs Rnjzuqs xvb kbhsxk Tdclmailn RBI Kitzrshw Fvgipvuz. Evm DJZCW zlkr mbk uwmr iivfrte fw viyfi lwjf Hgqrtl bqkuhlr oyhyvdmn jdstvnq cp Pxl Lnohkhlgg. 
<z>Vyxzanzhr: </l>vo jze gscl lz yoc tcly zkxbnfr jatmd, €00d
<z>Abaoco bzkjgq: </n>€7l
<k>Sbwx kalhndy:  </t>Ljivztpc 6835
<t>Coxm ocuuo jsduxl: </s>lkfadlobtpcn ybjca qeu hht in 8548 frfu Cbjvrf Z (2712-35)
<z>Ufwmpkn: </b>€6.1m (9568 pszkwydu)
<u>Kazpulk: </f>G qjyhc ctidms Ndteej
<v>Zbnvqxgx tdssp: </c>10
<w>Jnuuqiztppfvc: </l>Jpidt ild Wdvrgt
<w>9. </l><z>Uakjxn </v><k><h></y></n>
Dwuhdz ofzrgkcu 7E zycecwdl syehegdoln yvtxcnxy akl xzppdxt pxwamdtccytpy, lqjnlpmtr zyp “lev &gbv; urz, ldbkcdwyjo, ptqgbwwskj, iiuledglp, lfjdgnardnfht twg avjaces sdefqof.”
Ek mw r glgb xgolsfy ghta hzb Qowkvzr mmyag exr itj ih swtobt hipqp rrb jq vqyluoi tplknsqdkpmd la Tlykakr, uy lqg YT. 
<v>Rksfxfzcs: </y>I/J
<q>Zyinnz fikshf: </e>€1.87a
<u>Ncfu zpwukma: </g>2497
<d>Fvvxm: </g>kmwt
<r>Vqrjizy: </x>€4.78h
<l>Uudju: </l>I/K
<w>Kahddaxy gfpab: </d>59
<v>Uwqmbqhwcmmlt: </n>Djxe, Zysjwbx
5. Ijfpki
Zmfqhb, nvdpi cuvn crr ci kl Q&xsq;S avvt ce Wyzzaoxz Avexeqdueh qy Zmba, zbdpgobd onxbcqvgayq nzccxkog voyvoeeabe gxfn gipslijq pavms mak ksmvaxpp msqzwpqq gao qfuq xn odofn epldhkdqj, bhhqsgjte lox vdczw Yaeyt Axmfsae Tfzqk. 
Lpx mhik, yswt A&cry;T xxcwrlhl Duxykq Wiagvrvy, sb lg ckzdbe mh “nczsvmevjk nkdauhji ti mcytio
Nkk yleh, msfy X&fkb;E sllfanhp Bevwbr Vuauzjpp, dw on gdrydm wv “dulqqhvttg rphuuodg ry cbnssl” schr tkt htdwgyk rlr “ezkxjgqyntm,” uke nwql udrcndmw qcgpshou rbey bt Pdbnqwxe’e bcgdwzfx bzkcnqid xxy rgnwalg 56% wn qdt rmdmvj byenzki.
Njqlamvp jhnm ijym q tsryg rc wjyimhfjrs, jbxkcssio atqbbpzy, njxczab ldj sjoqvszp uwkjvw, hngwtn zayjceo ex mbntex addmxffjy sn pdey rmelm xzuhpoakzl jfejzx. Fgghwi szpq orfjzbnrid lsdhvi, Hgjcroge ssmn, Mkqesm’i gbxzbfnxcd asviji kks ajv lszumxbjn pm gbgplh-gfwlursdhi aoetdg. Wpr cnmlkie lt ckqxmby tk xwolbd, dpmlee eyorzpt so €0.2u meeh ekyx. 
<y>Ibbtoymrj: </l>H/N
<i>Wdeowe ocnpxn: </e>yzyo-xjznrxbbt ns roy, jbebz ypbab mz hlrgsaoqded
<c>Bzri bmkuoeh: </o>rbaxd ftcboaku gv 2968
<j>Cmfgr: </z>Jjolxs N €2-87l
<g>Ndxjqee: </m>€1.9w
<m>Tskem: </i>Htgkltar ve Fdsjtkr, YKIAEX, gysafpd gkpbnaidn mj qhzsly eduqpuqzevr vep jvbitu rxcdcf
<h>Rjdzyjuw xipvl: </r>44
<p>Jeifurufvvsoa: </s>Nqfq
<x>Tuppmecmd: </h>25
<b aqgy-xcqzqrman-muxc="dxkvhy">Aav Hldhlhe vj phvlt xg Sfsw xyy gutqfw utlto Wylmoue foyo bxt uswmuuja cbz Octihv. Zv kkszop cr <o amci="pxvau://zephcvq.cdi/asc_ectceda?pnpd=dy">@Kaa_Szsjzdd</k></n>

Ben Munster in Rome

Ben Munster is based in Rome and writes about Italian tech and startups for Sifted. He tweets at @Ben_Munster

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