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PayPro's ICO goes wrong. Galdana Ventures to launch a new €350m fund of funds. PcComponentes' reaches sales of €312m in 2017.

July 7, 2019 • Issue #108

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 💸

  • PayPro, the Spanish fintech startup that recently raised €450,000 through an ICO, now claims that it has lost all its money due to a programming mistake

Startup exits 🎊

  • Deere to acquire Valencia-based King Agro, leading manufacturer of carbon fiber technology products

Investor & accelerator news 🚀

  • Galdana Ventures is looking to raise its second fund of funds, of around €350 million
  • El País interviewed Fernando Zallo, president of ESADE’s business angel network: “We’re making a mistake by thinking that everybody should become an entrepreneur at some point”
  • BStartup and law firm Metricson signed an agreement to make it easier to clients of the latter to receive financing from the former
  • Fundación ONCE offers up to €18,000 for young entrepreneurs with disabilities

Startup news 💡

  • PcComponentes posted revenues of €312 million in 2017, 16% year-on-year growth. The ecommerce company also expects its profit to be greater than €9.1 million
  • El País profiled Valeet, the Spanish startup that makes life easier for those traveling to/from airports. The company is active in LA and in the Bay Area and expects to expand to five more cities in the US
  • Online supermarket Ulabox to stop selling fresh products in Madrid, will focus most of its efforts in Barcelona going forward
  • Interview with the founders of boat rental marketplace Samboat. No details of the company’s traction to date
  • Mobile services marketplace Heygo has shut down its apps and website. The company filed for administration a few months ago
  • Forbes profiled Typeform as their ‘startup of the week’, including an interview with co-founders Robert Muñoz and David Okuniev
  • Diego Soro of Fundera has launched a new company in the eSports sector: Esports Gaming Cream, which aims to represent and train professional esports players
  • TechCrunch published a video interview with Sacha Michaud and Bartek Kunowski of Glovo
  • Startup profiles: Jobin (jobs), Diplomatic (ecommerce), Denizen (fintech)

Big company news 🏦

  • Expansion interviewed Miguel Arias to talk about his role at Telefonica and how corporates and startups can work together
  • Intel had revenues of €17 million last year in Spain, down from €26 million a year ago

Interesting reads 🤓

  • Miguel Arias, former COO of Carto, published a post about his first 90 days at Telefonica
  • Fortnite livestream with 100 YouTubers draws in more than 1 million viewers. The streaming initiative was led by Spaniard ElRubius

Podcasts of the week 🎧

  • Our friends at Blockchain Minutes talked about tokens and ICOs
  • MasQueStartups interviewed Carlos Jimenez, CEO of Valeet
  • Itnig interviewed Antonio García Martínez, formerly of Facebook and ‘Chaos Monkeys’ author