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Novobrief #160: Movo's escooters raise €20m. Fintonic raises €19m. Rollbox acquired by Personio. BQ sold 51% stake for €36m. Stock options in Spain.

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Last week in the Spanish startup ecosystem

April 15 · Issue #117 · View online
Manually curated by Jaime Novoa. The best way to keep up with the Spanish startup and tech ecosystem.

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Startup funding news 💸
○ Madrid-based micromobility startup Movo has closed a €20 million Series A funding round to accelerate international expansion. The round was led by Mutua Madrileña and Seaya Ventures. Movo is a subsidiary of local ride-hailing firm Cabify, which provided the seed funding for the startup
○ Madrid-based fintech startup Fintonic secured €19 million in a new funding round that sets the valuation of the company at €160 million. The investment round was led by ING Ventures and PSN Group 
○ Proptech startup Clicpiso raised €8 million in venture debt from Grupo LaFinca
○ Flexible compensation plan startup Cobee raised €375,000 from Encomenda Smart Capital, Banc Sabadell, Lanai Partners and Abac Nest
Startup M&A activity 🎊
○ German HR and recruiting platform Personio acquired Rollbox, a Madrid-based startup that offers an API-based payroll solution
○ A few months ago we talked about the acquisition of Spanish hardware manufacturer BQ by Vietnamese startup Vingroup. Now the price has been disclosed: €36 million for a 51% stake in BQ
○ Accenture announced the acquisition of Spanish creative agency Shackleton
○ JobFluent, a Spain-based company, is looking for a buyer for their data-driven recruitment marketplace in the software engineering niche in Europe
Investor & accelerator news 🚀
○ Big Ban Angels and Cuatrecasas to launch an invesment vehicle to invest in the startups coming out of the latter’s accelerator program
○ Abante Biotech is a fund promoted by Abante to invest in health and pharma. Cinco Dias says that the fund increased its value by 30% in 2019 aloen
○ Juan Roig injected €2 million into Lanzadera, the Valencia-based startup accelerator he owns. That’s the lowers amount in recent years due to the improving performance of the program
○ Canarias-based fund Archipelago Next and startup accelerator Conector presented Archipiélago Next Acelera by Conector, a new accelerator program
○ The European Investment Fund (EIF) and the Catalonian Institute of Finance (ICF) signed an agreement to improve access to funding by providing €15 million to businesses located in Catalonia
Startup news 💡
[Sponsored] StockCrowd IN is growing fast offering alternative investment opportunities in real estate
○ Spanish startups Gowe and Social Car to launch their own VTC service in Barcelona. The service will respect local regulation that imposes a 15 minute wait time for users
○ Fintech startup Kantox to try to obtain a payments license from Spain’s Banco de España as a consequence of Brexit and to decrease uncertainty
○ Cabify acquired escooter license holder SJV Consulting, bringing the total number of licenses to provide such services in the city of Madrid to more than 1,400
○ Valencia-based startup PLD Space is getting ready to launch its first rocket
○ Neobank 2gether bank has launched its services across Europe and expects to reach 100,000 clients by the end of 2019
○ Bilbao-based startup Chicisimo says that taste graphs will transform fashion
○ El Referente published a list of four startups that are tackling the HR sector from different angles: Hiwook, Zapiens, Happyforce, Wasabijobs
○ Last mile delivery startup Glovo published some numbers about its activity in 2018: orders increased by 217% to 2.4 million and says it generated €33 million in sales to SMBs on its platform
○ El Referente interviewed Alvaro Verdoy, co-founder and CEO of product information management startup Sales Layer
○ Startup profiles:
Rated Power: pvDesign software developer
Singular Cover: insurance broker for freelancers and SMBs
Clipit: product recommendation app
Billage: financial services CRM for SMBs
FlixBus is a global long-distance mobility operator with more than 1,200 employees in 15 cities (none of them are drivers). Since 2013, more than 130 million passengers have travelled in one of their green buses. Thanks to a unique business model and innovative technology, they have quickly established the largest and most efficient long-distance mobility network in Europe, USA, and very soon in Russia… 
The company is looking to hire several positions in its growing Madrid and Lisbon offices. To apply (and for more info) click here

Big company news 🏦
○ Banco Santander is working on a competitor to Fintonic. An app that will allow clients to control their finances from a single app
○ Amazon Spain Fulfillment, Amazon’s logistics subsidiary, posted revenues of €360 million in 2018, up 70% compared to the previous year, and €5m in profit
○ The ecommerce giant also said last week that Spanish SMBs increased exports through its platform by 50% in 2018, reaching €400 million
○ Google for Startups Spain (Campus Madrid) says that startups associated to the program generated 900 jobs in 2018 in Spain and raised a combined €546 million
○ Uber made changes in the prices it charges in Madrid for its UberX service. The company also announced that it will launch its escooter service (Jump) in Madrid in the near futuree
○ Giant Spanish brewery Mahou to give more importance in the future to its own online store, which will sell directly to consumers
Tech and policy 💂🏼
○ El Confidencial wrote several articles last week about escooter licenses in Madrid, which were handed out by the local government. More than 20 companies were assigned licenses and several complained that the process was fair from fair and transparent
○ The answers to these five questions might determine whether the founders of SeriesYonkis go to jail
Interesting reads 🤓
○ Barcinno published an overview of the mobility ecosystem in Barcelona
○ El Confidencial published a profile of El Rincon del Vago, one of Spain’s most iconic websites
○ Martin Perez (Cisco): ’How to create effective Pull Requests
○ Dani Latorre (Zara): ’Incremental software design from iteractions
Podcasts of the week 🎧
○ Marketing4Ecommerce interviewed Jose Carlos Cortizo of Brainsins
○ K Fund interviewed Amuda Goueli, CEO of Destinia
○ Code On The Rocks interviewed Matias Cascallares of Elastic
○ En.digital interviewed Nuño Lopez of Coches.com
○ Itnig interviewed Carlos Rodes, founder of Wefitter

Want to promote your products and services to more than 4,600 relevant thinkers and doers in the Spanish tech ecosystem? To sponsor this newsletter or promote your open job positions, send me an email and I’ll provide you with more details.
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