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Jobandtalent picks up €10m in additional funding. Citibox aims to close €6.2m round. Nauta leads €6m in German startup.

July 7, 2019 • Issue #120

¡La revolución Marmota! Años de experiencia, los mejores expertos en materiales y devoción por la satisfacción de nuestros clientes nos ha llevado a un modelo único, el Marmota, un nuevo paradigma en el mundo del descanso. ¡Utiliza el código NOVO10 y relájate con un 10% de descuento!

Startup funding news 💸

  • Jobandtalent raised €10 million in convertible debt from a company linked to Venezuelan Alejandro Betancourt, who was already a shareholder in the company
  • Madrid-based logistics startup Citibox raised €750,000 in funding from Seur. The company is in the middle of a €6.2 million Series A round
  • Barcelona-based Carethy raised €750,000 from Sabadell Venture Capital and other investors
  • Plan&Go raised €150,000

M&A activity 🎊

  • InnoCells (Banc Sabadell) acquired Spanish online credit startup Instant Credit
  • Andalusian startup logistics startup Mission Box acquired competitor Mens Eat

Investor & accelerator news 🚀

  • German startup Talentry scored €6 million for its ‘social recruitment and marketing’ platform. The round was led by Spanish VC Nauta Capital, which explained its investment thesis in this post
  • K Fund publicly shared its term sheet
  • El Referente put together a list of the startup accelerator programs in Spain currently open for applications
  • “Becoming an entrepreneur is not your decision” – Interview with Luis Martín Cabiedes, angel investor and VC
  • Juan Roig’s Lanzadera is looking to launch its own company, to be focused on the real estate market and the home buying and selling process
  • Sonia Fernandez (Kibo Ventures): ’A few key takeaways from our Kiboday

Startup news 💡

  • Cabify’s CEO Juan de Antonio published a letter that criticises Spanish political party Podemos, which has always been very critical of Cabify’s activity in Spain. The letter refutes several claims made by Podemos in the past
  • In a different article, Expansion says that Cabify had net revenues of €70 million worldwide and reached break even in Spain
  • Cinco Días looked at the neobanks that operate in Spain, including foreign companies such as N26 or Revolut and local ones, like Bnext
  • Indexa Capital reached €100 million in assets under management at a faster pace that the company expected at the beginning
  • Sherpa, the Spanish personal assistant, launches an API for its predictive AI with Porsche as 1st customer
  • Barcelona-based fintech startup Kantox could be open to the possibility of allowing banks and financial institutions into its captable. In the same article, La Informacion looks into the company’s financials and the performance of its new SaaS-like approach
  • Glovo to launch in 9 new countries, including Turkey and Morocco
  • French HR startup Payfit to increase its presence in Spain, aims to hire up to 15 employees before of the end of the year in its Barcelona office
  • Spanish SaaS startup Signaturit signed a commercial agreement with Axa. The company is apparently looking for €5 million in funding as it continues to expand into France and Germany
  • El Pais interviewed Wallapop’s CEO Agustin Gomez to talk about the company’s expansion and monetisation plans
  • Blablacar surpassed 5 million users in Spain. The French company also disclosed that most of its users and activity take place in Andalusia
  • Fitbit, which has struggled for several years in the stock market, restructured its Spanish team, including a new country manager
  • Startup profiles: Hipoo (fintech, mortgages), SP Control Technologies (automotion, car batteries)

Big company news 🏦

  • Google’s Malaga cybersecurity division, VirusTotal announced VirusTotal Monitor, a service to mitigate false positives
  • El Español wrote about BBVA’s blockchain strategy. Carlos Torres, CEO, says that it could lead to a decentralized economy
  • BBVA to launch a new software engineering division, as a result of the merge of internal initiatives Beeva (cloud computing and big data) and i4S (cybersecurity)
  • Kippel01 wrote about the digital strategy of Estrella Galicia. The Galician beer company also recently launched a startup accelerator program
  • Kippel10 also wrote about Bankinter’s digital strategy
  • LaLiga announced the launch of a tech spin off company that will focus on IP and copyright protection
  • El Corte Ingles, which just replaced its CEO Dimas Gimeno, launched a new website that aims to boost its online supermarket activity

Tech and policy 💂🏼

  • Deliveroo, Uber, Stuart and Glovo want the Spanish market to adopt France’s legislation when it comes to regulating the gig economy. La informacion also wrote about the current legal situation
  • Madrid’s local government to shut down 70 ilegal apartments in the city centre, could aim to close as many as 400

Interesting reads 🤓

  • The IEBS Business School became the first school in Spain to offer a Blockchain and Fintech Master’s program, which can also be paid with bitcoins
  • How the FIFA World Cup is affecting the Russian short term rental market. A study that relies on data from Spanish startup Transparent
  • According to a study, Barcelona’s tech and engineering salaries are the highest in Spain at the moment
  • Marc Antoni (Novicap): ’Why we joined Techstars and Seedrocket accelerator

Podcasts of the week 🎧

  • K Fund interviewed Pepita Marín, co-founder of We Are Knitters
  • Itnig had a roundtable on the topic of business models
  • MasQueStartups published its season finale, featuring Gudog, Graphext, Muroexe, Wetaca, SumaCRM and other guests