Hello and happy Monday,
Today’s main headlines:
- Sony hiring 100+ talents in BCN 👩💻
- Travelperk move in to new HQ in 22@ 🏢
- Four-day work week roll out at Telefónica 💼
Are we feeling the startup investment slow down in BCN?
Just a few weeks ago the renowned accelerator Y Combinator sent an alarming email to their startups telling founders to ‘plan for the worst
’ amid a bearish market sentiment 📉. The reasoning was that amidst record-like inflation rates and a projected increase in interest rates, startup funding would start drying up. What followed were panic-stricken mass lay-offs
at leading startups and talent flocking to “boring” corporates
as precautionary measures.
What do we observe in Barcelona? Well, if we look at this week as an example, we couldn’t find a single new report of local startup funding 😱. Of course, this might be simply an anomaly – it has happened before. Also, it’s not unusual for startup funding to dry up around summer when the holiday season kicks in. Plus, Minoryx recorded a €50M+ funding round just last week. What this means, only time will tell.
But being Barcinno, we do want to put a (legitimate) positive spin on things. Raising funds grabs headlines, but it’s not everything. It’s much more important to see startups grow. And for that, we still got plenty of good vibes ✌️ stories: Wallapop just boosted its turnover by 65%, Freshly Cosmetics opened two new brick-and-mortar stores, and Travelperk’s continuous growth was highlighted by their current move to a new 9,400m2 HQ.
The takeaway? We’re not saying all is great. Tough times might indeed be ahead. But Barcelona startups are led by fantastic entrepreneurs who will make sure they get out of this period stronger. 💪
Build great things! 🤝