View profile

Novobrief #165: Spanish startups Infaimon Group and Beesniss got acquired. FOND-Ico awards €41.5m to Adara, JME and Samaipata. All Iron raises €80m more to invest in startups.


Last week in the Spanish startup ecosystem

May 27 · Issue #121 · View online

Manually curated by Jaime Novoa. The best way to keep up with the Spanish startup and tech ecosystem.

This week’s newsletter is brought to you by Taxfix. Taxfix is a very interesting Berlin-based startup that aims to create a digital tax accountant for everyone. The company believes that everybody, regardless of their income, deserves to get the maximum out of their tax returns. 
Taxfix’s software allows any user to file taxes in 22 minutes on their mobile phone, without any knowledge about taxes, with no stress and with no forms. Taxfix offers a chat-like interface to guide you through the process and gives you the maximum return.
You might be wondering why a Berlin-based company is interested in sponsoring our newsletter. Well, the company has not only created a great product that makes people’s lives easier, but is also looking to build a local team in Spain. Scroll down for more information on the position they’re hiring for and visit their site to learn more about the product.
Startup funding news 💸
○ Agile Content, the Barcelona-based startup backed by Inveready that also floats on the MAB, is looking for €5 million
○ Loan management platform Nemuru raised €1.9 million from Lanzame, Encomenda and Antai
○ Biotech startup Ona Therapeutics raised €1.5 million from Sabadell Asabys
○ Wine ecommerce Wineissocial raised €1 million from various family offices and business angels
○ Barcelona-based startup Carts Guru raised €900,000 in new funding
○ Muroexe closed its €200,000 equity crowdfunding round in just 48 hours
Startup exits 🎊
○ German company Stemmer Imaging acquired Spanish firm Infaimon Group, a provider of software and hardware for machine vision and robotics
○ French payments startup Tiller Systems acquired Spanish restaurant management software startup Beesniss
○ Erica Brescia, co-founder and COO of Spanish and US startup Bitnami, recently acquired by VMWare, wrote about her experience in ‘A New Chapter’. Daniel Lopez, CEO, was also recently interviewed at Startup Grind Barcelona. The interview was recorded weeks before the exit was announced
Investor & accelerator news 🚀
○ Fond-ICO awarded Adara Ventures, JME and Samaipata with €41.5 million to power their new funds
○ Bilbao-based All Iron Ventures announced that it has raised an additional €80 million to invest in startups, bringing the total raised by the firm to €120 million. The firm also disclosed a new and interesting management fee structure. Last week it was also known that All Iron participated in Kodit.i’s €12 million round. Kodit is a Finnish proptech startup
○ French VC Idinvest Partners announced last week that it’s closed a new €340 million fund. The firm says that it continues to keep an eye on the Spanish market. Idinvest is the most active international VC in Spain to date, with multiple investments
○ Madrid-based VC Axon Partners has closed its ICT I fund with a 3.5X return
○ Alta Life Sciences aims to raise a new €175 million fund to invest in biotech startups
○Cemex Ventures invested in Swiss energy startup Energy Vault
○ Startup accelerator Conector is looking for new startups for its Madrid, Barcelona and Galicia programs
Startup news 💡
○ In an interview with El Español, Glovo’s co-founder Sacha Michaud said that he expects the company to triple its sales this year, from €80 million in 2018 to €240 million in 2019. Glovo also announced last week that Diego Nouet will become its managing director in Spain and Portugal; Nouet previously worked at Amazon
○ The founders of Spanish startup Nice People At Work have acquired the stake owned by VC firm Axon Partners in the company for €10 million. Axon owned 20% of NPAW
○ Expansion published an interesting overview of the Spanish biotech sector, which has increased significantly in the past few years
○ Travel publication Skift published a long interview with Avi Meir, co-founder and CEO of Barcelona-based Travelperk: ‘How Travelperk builds better tools for European business travelers
○ Xataka published a long profile of Valladolid-based startup Codice Software, developers of the popular version control product Plastic SCM
○ Ecommerce company We Are Knitters gave a presentation last week at a Telefonica sponsored event. The company disclosed in the presentation its revenues. €10 million in 2019 and it expects to reach €13 million in 2020
○ Cabify has integrated escooter company Movo (which it partially owns) onto its main app, allowing users to both get cars and scooters from one single app
○ Fintech company Pagantis signed an agreement with PayPal to offer its ‘Paga+Tarde’ service in more sites
○ Forbes interviewed Pablo Martin, co-founder and CEO of Chronoexpert, a marketplace to buy and sell luxury watches
○ Civigner is a new web-based engineering application for civil and geo
○ Startup profiles:
Supertech: ecommerce last mile software provider
Esportter: mobile app to manage the day-to-day operations of sports teams
Taxfix is looking for a Product Manager to join their multidisciplinary team of product managers, tax experts, designers, and data analysts to create products that people love to use. A great opportunity to join an international team building great products.
Big company news 🏦
○ TV giant Mediaset is considering putting up a paywall to force users to pay to watch certain content of Spanish tv channels Telecinco and LaSexta
○ Banc Sabadell to launch Blink, a new brand to sell home and auto insurance online
○ Investment firm eToro to make a bigger push in the Spanish market, offering local users the ability to invest in all kinds of financial products, from crypto to cannabis stocks
○ Banco Santander is looking to sign partnerships with startups that will allow the latter to promote their products to clients of the bank
Tech and policy 💂🏼
○ Sacha Michaud, co-founder of Glovo, was interviewed in a La Informacion article. He requests the new government to come up with new laws that regulate businesses such as Deliveroo or Glovo
Interesting reads 🤓
○ Barcelona Tech City opens a new massive hub to accommodate startups and investors. The building will have a strong focus on blockchain initiatives
○ According to a study from Boston Consulting Group, Barcelona is the fifth favourite country for foreigners to start or join a tech company
○ Luis Bosque (former Director of Engineering at Carto): ‘My experience being on-call at various startups
Podcasts of the week 🎧
○ K Fund interviewed Alex Bryszkowski, co-founder of Vozelia (acquired by Sewan)
○ Itnig interviewed Tyson Kallberg, head of design at Asana
○ interviewed Valentí Acconcia to talk about crowdfunding
○ Lunes Inspiradores interviewed Christopher Pommerening, CEO and founder of LearnLife
Want to promote your products and services to more than 4,700 relevant thinkers and doers in the Spanish tech ecosystem? To sponsor this newsletter or promote your open job positions, contact us and we’ll provide you with more details.
Did you enjoy this issue?
In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue