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Biotech startup Stat-Dx acquired for $191M. iSalud acquired for €50M. Big changes at Telefonica.

June 25, 2019 • Issue #100

Startup funding news 💸

  • eSports team Mad Lions raised €2.5 million from business angels
  • Influencer marketing platform Kasitoko raised €450,000 from BBK, Angel Club and ESADEBan
  • Fintech startup PayPro launched an ICO

Startup exits 🎊

  • Spanish biotech startup Stat-Dx got acquired by Qiagen for $191 million. The company had previously raised more than €40 million in VC funding. It’s been a great few months for the Spanish biotech and pharma sector
  • French insurance company CNP Assurances acquired a 60% stake in Spanish insurtech startup iSalud, valuing the company at €50 million

Investor & accelerator news 🚀

  • Alexis Bonte to lead Atomico’s activity in Spain, France and Portugal as the firm’s newest partner
  • SPiCE VC announced that they have closed more than $40 million in commitments during their pre-sale, making them the largest tokenized fund in the world
  • El País interviewed Carina Szpilka, K Fund’s general partner and president of Adigital
  • Galicia’s local government launched a €4.5 million grant program for new companies in rural areas. This applies to both tech and ‘regular’ initiatives
  • The Euroleague basketball competition has launched an accelerator program in Barcelona
  • El Pais interviewed Laura González-Estéfani, CEO of accelerator/fund TheVentureCity
  • Nekko Capital is a new VC in the making. The Barcelona-based firm expects to complete it first closing before the summer, at €60 million

Startup news 💡

  • Traditional Spanish tour guide companies are not to happy about competing marketplace GuruWalk
  • Proptech startup Clicpiso claims to have reached €1.5 million in transactions in four months
  • Glovo to take over Cabify’s Express business in Peru
  • What do consumers request the most via Glovo?
  • Startup profiles: Transeop (transportation marketplace), Billib (fintech)

Big (local) company news 🏢

  • Telefonica to integrate Netflix’s catalogue in its own platform. El Español has an overview of what this could mean for both companies and for consumers
  • Telefonica announced last week several big changes to its organisational structure, including a new managing director for Spain and the hiring of former Pepephone CEO Pedro Serrahima
  • BBVA’s former president, Francisco González, demands a level playing field when it comes to competition from Facebook, Amazon or Google
  • Repsol and Kia to launch its car sharing service in Spain in the second half of 2018
  • Spanish hotels online bookings to reach €7.6 billion in 2018
  • Santander’s Explorer entrepreneurship program expands to Portugal, Argentina

Big (foreign) company news 🏦

  • BlaBlaCar is looking to partner with local municipalities in Spain to promote car sharing initiatives
  • Microsoft has sold more than 500,000 Xbox One consoles in Spain

Tech and policy 💂🏼

  • Ibiza’s local government to be considering limiting Airbnb listings in the island

Interesting reads 🤓

  • This is how Spain’s National Library is approaching its digitalisation