View profile

Novobrief #82: 8fit raises $7M, Wallapop valued at €615M, Carlos Domingo announces SPiCE VC and much more

Revue
 
 

Novobrief

September 25 · Issue #39 · View online
This is a weekly summary of the ins and outs of the Spanish startup ecosystem, curated by Jaime Novoa

Startup funding news 💸
  • 8fit, a health and fitness app that offers tailored workout and meal plans, closed $7 million Series A
  • Billin, creators of an invoicing tool for SMEs and freelancers, raised €1.5 million from K Fund and Kibo Ventures
  • SalesLayer raised €1.2 million from Swanlaab Venture Factory and Global Omnium
  • Hospitality IoT startup Roomonitor raised €600,000 from Banco Sabadell, ICF and business angel group OceanicIdeas
  • Bicycle ecommerce company Santafixie raised €500,000 from Axon Partners and other investors 
  • Football startup Dream Soccer raised €500,000
  • TribeScale raised €150,000 on Crowdcube
  • Fintech startup Finutive raised €60,000
Startup exits 🎊
  • Belgian marketing platform Sortlist acquired The Briefers, opens Madrid office
  • Catalan software company Maths for More (Wiris) acquired Design Science (MathType)
Investor & accelerator news 🚀
  • Carlos Domingo, former director of Telefonica I+D, announced SPiCE VC, a fund that aims to disrupt traditional venture capital models using the blockchain and thus providing early liquidity to LPs
  • Gate93 is a new and small VC firm to invest in Spanish companies that want to launch in the US
  • Infrastructure and energy giant Acciona announced an acceleration program for startups
Startup news 💡
  • El Español profiled math edtech startup Smartick. The bootstrapped company expects to reach €5 million in revenue this year and a profit of €1 million
  • Wallapop is now valued at €615 million, according to filings from investor Vostok New Ventures
  • Hawkers opened its own first retail store, in Madrid
  • Glovo expanded its services to Palma de Mallorca
  • Health startup B-wom wants to raise a Series A to expand its business in the US. Kippel01 interviewed the company’s co-founder and CEO, Helena Torras
  • Xataka talked to Spanish gaming studio MercurySteam about ‘Raiders of the broken planet’ 
  • Startup profile(s): Transeop (transportation marketplace), Odilo (edtech SaaS)
Big (local) company news 🏢
  • Fashion and retail giant Inditex is organising a hackathon during South Summit. To our knowledge, this is the first time they’ve done something similar externaly
  • The CEOs of Telefonica and Santander said Europe need tech champions and ask Europe to establish a levelled playing field to compete with US companies
Big (foreign) company news 🏦
  • Just Eat reached sales of €18 million in 2016 in Spain. The company posted a loss of more than €10 million
  • Travel giant Expedia had sales of €10 million in Spain last year. Not a lot comparing how big the Spanish travel market is
  • El Español interviewed Raimundo Sala, PayPal’s managing director in Spain
  • Uber now has 50 Tesla cars driving around Madrid. The company had sales of €1.4 million last year in the country
Tech and policy 💂🏼
  • More negotiations between Uber, Cabify and Spain’s main and local governments to regulate its activity and the purchase of VTC licenses
Interesting reads 🤓
  • There are now more fibre connections in Spain than DSL ones
  • Startup Guide to announce its first Madrid edition of the book at an event
Podcasts of the week 🎧
  • K Fund interviewed Javier Andres, co-founder and CEO of Ticketea
Did you enjoy this issue?
If you don't want these updates anymore, please unsubscribe here
If you were forwarded this newsletter and you like it, you can subscribe here
Powered by Revue