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Glovo closing in on a massive round of funding. Ulabox's financials. Telefonica posts Q1 earnings.

July 7, 2019 • Issue #112 is an initiative that offers customized One Pagers for startups, made by professionals in record time and fully online. Make your One Pager stand out among all the documents that investors, institutions and acceleration programs receive daily… and increase the chances of achieving your goal!

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