The week in Italian startups - Issue #68

The Money

• Cagliari-based Entando raised $11m in a round led by United Ventures.

• Biotech startup Resalis Therapeutics 🇮🇹raised €6m in a round led by Claris Ventures.

• Enerbrain announced a new €5.2m round led by EDF.

• Insuretech startup YOLO Group raised €2.5m from Generali, acquiring 10.8% of the share capital.

• UK-based cybersec startup Seedata raised 640k in an angel round.

• Dublin-based HT Material Science announced a €5m round led by Saudi Aramco Energy Ventures. The startup is taking to market a technology developed at the University of Salento.

Helbiz

• I talked about Helbiz and its listing on the NASDAQ before. It was supposed to merge with the GreenVision SPAC and to raise further capital via a PIPE.

• Well, the listing was finally closed on the 13th of August, with a total raise of $24.5m, including $21m from the PIPE.

• But the listing was bumpy: first, soon after completing the deal, the company received a delisting notice, related to confusion about floating enough capital on the NASDAQ.

• Secondly (and probable cause of the notice above), the investors in the GreenVision SPAC were apparently not satisfied with the merger, as 95% of the capital originally raised by the SPAC was actually refunded before completing the deal.

• Nonetheless, Helbiz is now the first publicly listed e-scooter sharing startup.

A bumpy road

Jobs in Italian startups

• You can explore open positions here. Feel free to share the link with your contacts.

• You are welcome to add new open positions using this form. Or, forward the link to your CEO or HR person - the more open positions, the more relevant the list, the more it will travel across the web, the more candidates will see it. Thank you!

• New this week: open positions from Aiko and Leaf Space, while Primo Ventures is looking for a marketing & communication intern.

Ending Notes

We are back on Clubhouse to discuss the summer news (and we are also back to our schedule, every Monday at 6:30 pm CEST). In case you miss the live discussion, you can subscribe to the podcast on Spotify.

Happy to be here with you again. Have a great week!

N.