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Adman acquired for €14m. Amazon Spain workers to go on strike. Amadeus posts €1.1b in profit.

July 7, 2019 • Issue #104

360 Talent es la primera consultora de RRHH de España, que desde el año 2013 cuenta con una división especializada en startups. Somos expertos en procesos de selección en el área IT (fullstack, back-end, front-end, mobile, DevOps…), online marketing, operaciones, ventas, logística, finanzas, así como todas las posiciones C-Level. Nuestro objetivo es seguir creciendo con tu empresa! ¿Hablamos?

Startup funding news 💸

  • Cancer treatment startup ProteoDesign raised €1.7 million from Caixa Capital Risc and other investors
  • TroopTravel raised €230,000 from various angels
  • Spanish startups received over €28 million in February

Startup exits 🎊

  • Canadian company AcuityAds acquired Barcelona-based adtech startup Adman for €12 million
  • Home automation startup Robot debuted on the Spanish MAB
  • Fondico to allocate €197 million to help finance spin-offs from universities

Investor & accelerator news 🚀

  • CNP Partners to back entrepreneurs with new program in Madrid
  • Telefonica announced an investment in Wibson, a US company that has launched a decentralized ad-data marketplace
  • El País interviewed Luis Cabiedes of Cabiedes & Partners

Startup news 💡

  • Tviso has launched its own hardware device to try to compete with Chromecast and Apple’s set top box
  • Last mile delivery service Glovo has opened a digital restaurant initiative in Barcelona, Cook Room
  • Digital marketing agency Antevenio increased its revenues by 13% last year, reaching €28.6 million
  • According to El Confidencial, Hawkers is trying to raise a new round of funding
  • Kippel01 interviewed Raul Rubio, founder of Tequila Networks: “Spain needs to build structures that help connect ideas with capital”. The company posted a profit of €1.5 million last year, on revenues of €3.5 million
  • Startup profiles: Finteca (fintech), Returnly (commerce), Academia Play (edtech), Rusticae (travel)

Big company news 🏢

  • Amazon workers in Spain (at least in Madrid) to go on strike to try to improve their worker conditions
  • Amadeus announced a profit of €1.1 billion in 2017 and revenues of €4.8 billion
  • El Confidencial interviewed Telefonica’s chief data officer Chema Alonso to talk about the company’s “fourth platform”, Aura
  • Travel company eDreams posted a profit of €23 million in the nine months that ended in December 2017, a significant improvement compared to last year
  • Real estate company Spaces wants to open a bunch of coworking spaces in various Spanish cities
  • El Corte Ingles has integrated Alipay, in an effort to cater to Chinese consumers
  • MasMovil lost €102 million last year, up from €58 million a year ago
  • FC Barcelona to create an eSports team

Tech and policy 💂🏼

  • The Spanish government and the CNMV continue to make progress on their objective of making it easier for Spanish fintech startups to operate
  • The CNMV seems to be open to collaborate with Nostrum on its upcoming ICO
  • Spanish competition regulator CNMC believes the government should get rid of restrictions that affect Cabify, Uber and other transportation services

Interesting reads 🤓

  • How IBM and Spain’s tax office work together to combat fraud
  • Javi Santana (former CTO of Carto): ’The jira moment
  • David Smyth (Cabify): ’From product manager to product leader

Podcasts of the week 🎧