The episode breaks down Newcleo’s €75M growth round and why nuclear is inherently capital-intensive, with a bold timeline toward prototypes and operations. The episode clarifies key nuclear concepts—SMRs for deployability, MOX fuel for circularity (recycling nuclear waste into energy), and the difference between megawatt thermal vs megawatt electric as an efficiency lens. The episode also highlights why Newcleo’s cap table matters: industrial investors signal credible demand from heavy industries like steel, chemicals, and shipping. The episode then shifts to Italy’s infrastructure wave: major investments in AI-ready data centers around Milan and strategic consolidation in fiber/subsea connectivity (including Retelit’s BT Italia deal). (retelit.it) . A sharp “next moat” angle emerges—heat reuse as a competitive advantage for data centers, plus distributed compute/heating experiments. Finally, Omney stands out as a traction story: a financial education startup attacking Italy’s low financial literacy, reportedly matching its pre-seed raise in revenue within a week and scaling an audience fast.

Niccolò's newsletter: ⁠⁠http://dealflowit.niccolosanarico.com/⁠⁠Watch on Youtube: ⁠https://www.youtube.com/@giacomomollo⁠Listen to all episodes on audio:Spotify: ⁠⁠https://spoti.fi/3fVynsQ⁠⁠Google Podcast: ⁠⁠https://bit.ly/3thf9RC⁠⁠Apple Podcast: ⁠⁠https://apple.co/3Elhykq⁠⁠Amazon Music: ⁠⁠https://shorturl.at/9Dtd9⁠⁠Get in touch:Instagram: ⁠⁠https://www.instagram.com/giacxxx⁠⁠Twitter: ⁠⁠https://twitter.com/giacomomollo⁠⁠Email: giacomo@in3.ventures#venturecapital #italy #startup