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Novobrief #173: TravelPerk raised $60m. Cabify's $2b acquisition offer. Glovo and Carrefour partnership. Spotahome €6m in revenues in 2018.

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Last week in the Spanish startup ecosystem

July 22 · Issue #130 · 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 💸
○ Business travel startup, TravelPerk, announced it’s more than doubled the $44 million Series C round from 9 months ago, taking a further $60 million from its existing investors. Avi Meir, CEO, wrote about the financing
○ Madrid-based fintech startup Finizens raised €3.3 million. The name of the investors was not disclosed
○ Dentaltix raised €500,000 from Cabiedes & Partners and Bewater Funds
○ Acqustic raised €150,000 from Bbooster Ventures
Startup exits 🎊
○ According to La Informacion, Cabify rejected a $2 billion acquisition offer in 2018, because the deal was mostly in stock instead of cash
○ Vente Privee, owner of Privalia, sold Privalia Mexico to Grupo Axo
Investor & accelerator news 🚀
○ ASCRI published data for the first half of 2019 in the venture industry: 242 investments that combined for €357 million
○ Inveready invested in Belgium startup AudioValley
○ Interesting Twitter thread by Pepe Borrell about “direct investments” in Spain, from an equity crowdfunding point of view
○ Private equity firm Alantra hired Ana Segurado (formerly of Telefonica) to lead its technology investments. Alantra also acquired a 35% stake in Sabadell’s early stage fund Asabys Health
○ Propel Ventures, BBVA’s de-facto venture arm, said that it’s invested in three new companies recently, without disclosing their names
Startup news 💡
○ Barcelona’s startups push forward despite political challenges - interesting read on the evolution of Barcelona’s startup ecosystem
○ Glovo and Carrefour signed a significant agreement that will see Glovo deliver Carrefour’s products in 30 minutes or less in Spain, France, Italy and Argentina. In an interview in Portugal, co-founder Sacha Michaud also talked about Glovo’s expansion plans in Portugal
○ Proptech company Spotahome posted revenues of €6 million in 2018 (70% year-on-year)
○ HR startup Woffu disclosed revenue numbers for the first six months of 2019: €130,000 in MRR, a 300% year-on-year increase. The company has more than 4,000 clients and 40 employees
○ Basque fashion startup Chicisimo launched an in-store outfit recommender, that will allow consumers to match the clothes in their closet with garments they are about to buy
○ Marketing startup Marketgoo published ola, their new design system
○ Mr Jeff to continue its Spanish expansion with more clothe washing centres
○ Paris-based BlaBlaCar announced the official launch of its bus division BlaBlaBus. Due to regulation, in Spain the service will be limited to international trips between France, Italy and Spain
○ El Pais profiled Raquel Urtasun, head of research at Uber’s Advanced Technologies Group, its Toronto-based autonomous car research arm
○ Sherpa, the Spanish startup developing an AI assistant, announced that it has hired Tom Gruber, one of the creators of Siri, as Strategic Advisor
○ Ebury, a London-based fintech startup co-founded by Spaniards, reached an agreeement with Unicaja to facilitate foreign exchange to the bank’s clients
○ Deliveroo to become one of La Liga’s sponsors in the upcoming 2019/2020 season
○ Startup profiles: Goin (money saving app), Tecnalia (creators of an autonomous taxi plane), Trucksters (road transportation and logistics marketplace), Brand Your Shoes (shoe personalisation), Freightol (freight transportation marketplace), Wetaca (foodtech)
Big company news 🏦
○ Telefonica’s boss Alvarez-Pallete wrote an op-ed to say that workes have the right to disconnect from work after their normal hours
○ El Corte Ingles says it’s working on an app that will change the way brands and consumers interact between them
○ Spain’s CNMC estimates that Netflix and HBO have more than 6 million subscribers combined
○ Amazon says it will create 600 jobs this year in Spain
Tech and policy 💂🏼
○ ADigital held a press conference to propose a new labour contract that would give riders of platforms like Glovo, Deliveroo and UberEats better working conditions and protection without losing flexibility
○ The Spanish government is working on a set of measures to promote electric vehicles in Spain. The plans are being criticized by different players
Interesting reads 🤓
○ Martin Varsavsky (Prelude, MVB Fund): ‘Why Madrid and Spain are much better than San Francisco
○ Javier Santana (Tinybird): ‘Continuous integration
○ Dockless is a new and interesting newsletter about mobility and transportation, written by Manu Zafra
Podcasts of the week 🎧
○ Xataka published a podcast about developer productivity and the 10X engineer
○ Itnig interviewed Christian Rodriguez of ByHours
○ SeedRocket interviewed Nico Bour, co-founder of Uvinum
○ Rewisormag interviewed Mar Cabra
○ K Fund interviewed Borja Santos, managing director of Stripe in Spain and Portugal
Want to promote your products and services to more than 5,000 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.
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