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Mercadona unveils new ecommerce site. Netflix and Telefonica sign partnership. Santander makes $22m with iZettle exit.

July 7, 2019 • Issue #116

En Deliveroo for Business aspiramos a ser tu proveedor de comida de referencia. Hemos desarrollado un producto que puede cubrir cualquier necesidad, desde las comidas de un autónomo hasta el catering de una gran empresa. En Deliveroo for Business nos adaptamos a tu necesidad y te ofrecemos un sinfín de posibilidades, todo a través de un único proveedor. Crearse una cuenta es tan fácil como rellenar este Typeform.

Startup funding news 💸

  • Recruiting startup beWanted raised €1.5 million
  • Navarran startup Mateprincs raised €500,000 from Start Up Capital Navarra

M&A activity 🎊

  • Spanish cloud hosting company Gigas acquired Latam startup Ability
  • PayPal announced last week the acquisition of Swedish payments startup iZettle for $2.2 billion. Banco Santander was an investor in the startup via Santander Innoventures, with a 1% stake valued at $22 million

Investor & accelerator news 🚀

  • Creas Impacto is a new €25 million fund that aims to back companies that want to have a social impact
  • Dribo wins SeedRocket XIX Campus de Emprendedores, Fluttr & Arbor Fintech runners-up
  • Barcelona Tech City to open a sister building to Pier01, to be focused on blockchain companies
  • Investment platform OneRagtime to open an office in Barcelona

Startup news 💡

  • Keatz is a Berlin-based startup that operates ghost kitchens that prepare meals to be delivered via Glovo, Deliveroo, Delivery Hero and other platforms. The company recently opened its first kitchen in Spain and also announced more than €6 million in funding, from various European investors including Spain’s K Fund and JME
  • Kippel01 looked at Cabify’s activity and current situation in Latam, where it operates in 29 different cities. On a different note, investor Rosauro Vauro and Cabity itself continue to buy VTC licenses in Spain
  • Madrid-based transportation startup Bipi to launch its car subscription service in Spain. The company is also preparing to raise a new round of funding
  • The performance of Barcelona-based mobile gaming startup SocialPoint has not met revenue expectations from Take Two, the gaming giant that acquired it for $250 million a few months ago. This means that SocialPoint’s founding and executive team might not earn an additional $25 million as part of the deal
  • Interesting profile of Carlota Pi, co-founder and CEO of energy startup HolaLuz. The interview includes relevant details about the company’s business and also about Carlota’s management style
  • Tviso has launched a new TV streaming device that aims to compete with Google’s Chromecast, Apple TV, Roku, etc
  • Spanish gig economy startup Multihelpers poised to exceed €1 million this year
  • French ecommerce giant Vente Privee to rent an enormous facility in Tarragona to be able to deliver products faster in Spain

Big company news 🏦

  • Mercadona finally unveiled its new ecommerce site. Anyone can visit the site, but only those in various specific zip codes in Valencia can buy
  • Netflix and Telefonica signed a partnership that means that Netflix’s catalogue will be included in the Spanish company’s products
  • Issues continue at Amazon Spain, as its workers threaten to go on strike during Prime Day
  • Wibble is a new company created by Kia and Repsol that wants to launch a new car sharing service in Madrid, thus competing against Car2go, Zity and Emov
  • La Liga, Spain’s professional football league, is thinking about launching its own eSports competition

Tech and policy 💂🏼

  • Several Deliveroo riders that were let go by the company have created an association to protect other riders’ rights
  • Microsoft to open a Design Center and Quantum Lab in Barcelona
  • The head of the Bank of Spain believes that cryptocurrencies present more risks than opportunities
  • The Spanish government is looking for input and feedback on its proposal to create a sandbox for local fintech startups, so that launching new products and services is easier and faster
  • Barcelona’s local government has presented Airbnb with a list of 2,500 properties that it deems illegal and thus should be removed

Interesting reads 🤓

  • Interesting overview by Kippel01 of the Spanish online ticketing market, mostly focusing on the sale of tickets to sports events. The market will reach €1.5 billion in revenues this year
  • Carlos Blanco (Encomenda, Conector): ’Investment activity in Barcelona-based startups has not declined
  • Marc Antoni (co-founder and COO of Novicap): ’IESE Case Study: How giving first gave me first
  • El País interviewed entrepreneur and investor François Derbaix, to talk about his investment strategy and experience
  • Wired: Barcelona is leading the fightback against smart city surveillance
  • Interview with Eduardo Manchón, co-CEO of email tracking startup Mailtrack

Podcasts of the week 🎧

  • K Fund interviewed Tomas Serna to talk about GDPR and data privacy