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Startup funding news 💸

• According to La Informacion, Glovo could be on the verge of closing an €80 million round of funding at a €170 million pre-money valuation
• Proptech Prontopiso raised €1.3 million in media for equity
• KMINA raised €150,000 to launch walkers for elderly, people with disabilities
• Sports hardware startup FirstVision raised funding from Shorai and other investors
• Valeet raised an undisclosed amount of funding from Bloomium

Investor & accelerator news 🚀

• Sabadell Venture Capital completed its first investment in Mexico, in marketplace startup Trendier
• What K Fund looks for in marketplace startups: supply vs. demand, how to start?
• Karel Escobar, former CEO of Tetuan Valley, joined Startupxplore as Dealflow Manager
• Juan Roig provided startup accelerator Lanzadera and investment vehicle Angels Capital with a capital injection of €12.5 million last year
• El Periodico interviewed Miquel Martí, director of BCN Tech City and Pier01

Startup news 💡

• Kippel01 wrote a recap of Idealista’s history and where the company might be headed. Co-founder Fernando Encinar was interviewed for the article
• Online supermarket startup Ulabox had revenues of €9.2 million in 2017 and posted a loss of €3.8 million
• Movo is a new motorbike sharing startup that has just launched in Madrid. The most surprising aspect about the company is that it’s fully owned by Cabify
• Audiovisual Barcelona-based startup Protopixel to join Techstars Metro accelerator in Berlin
• Civitatis, a Madrid-based online platform to find tourism activities, expects to reach revenues of €50 million in 2018
• Spanish pharmacies are not too happy about Glovo allowing glovers to buy drugs from them and delivering it to customers
• Xataka published a profile of Santa Fixie, the ecommerce startup that has sold more than €2.6 million worth of bycicles last year
• Barcelona-based Natural Machines has created a 3D food printer that aims to revolutionize kitchens

Big company news 🏢

• Telefonica posted earnings report for Q1 2018. Despite revenues being down by 7.2%, the telco increased its profits by 7.4%, to €837 million. What’s definitely increasing for Telefonica is its B2B business. The company also announced an aggressive stock option plan for its top executives
• El País Retina published a profile of Alpha, Telefonica’s moonshot division
• Amazon opened its ‘Seller Support Hub’ in Barcelona, to be focused on providing help to SMEs from Southern Europe
• BBVA completed a pilot that issued a €75 million ($91 million) corporate loan using two different blockchains
• BBVA and Evo Banco to integrate Apple Pay
• Spanish telcos that want to broadcast football matches on their platform will be forced by La Liga to also offer consumers the possibility of watching them online

Tech and policy 💂🏼

• La Informacion says that Spain’s tax office wants to finance the country’s pension system with an increase in taxes for the large tech companies

Interesting reads 🤓

• Finnovating published a study of the Spanish fintech landscape in 2017: according to the organisation there are more than 300 fintech companies in Spain that might create more than 4,500 jobs by 2019

Podcasts of the week 🎧

• Itnig interviewed Albert Bosch, CEO of proptech startup Housfy