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Lyft to buy Cabify? AlienVault acquired by AT&T for reportedly $500m. Lodgify raised $5m.

July 7, 2019 • Issue #123

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Startup funding news 💸

  • Barcelona-based Lodgify, the SaaS for vacation rentals, raised $5 million in Series A funding from Nauta Capital, Howzat Partners and new investor Intermedia Vermögensverwaltung
  • Barcelona-based agritech company Agroptima raised €1.2 million from Athos Capital and ESADE BAN
  • Ship2B Tech4Climate startup Ciclogreen raises €245,000
  • Energy investing startup Fundeen raised €120,000
  • Smart forms startup Arengu raised funding from Grupo Viko
  • Madrid-based proptech startup Spotahome recently raised $40 million from Silicon Valley VC Kleiner Perkins. Now it’s been disclosed that a bunch of high profile angels also joined the round, including Travis Kalanick (former CEO of Uber), Drew Houston (co-founder and CEO of Dropbox) and Jeremy Stoppelman (co-founder of Yelp), among others

Startup exits 🎊

  • Lyft reportedly in talks to buy Spain’s Cabify for $3 billion. The company has denied the rumors
  • One of the bigger exits in the history of Spanish tech: AT&T to acquire AlienVault for between $500 and $800 million. The company was born in Madrid in 2007 but ended up moving its headquarters to the US a few years later. The first investor to back the company was Madrid-based Adara Ventures. Both La Informacion and El Confidencial published interesting articles about the company’s history

Investor & accelerator news 🚀

  • Kippel01 interviewed Simon Lee, managing director of gaming accelerator GameBCN. Simon speaks about the current gaming landscape in Spain, including his opinion on the lack of gaming investors in the country
  • Basque accelerator BIND 4.0 is looking for companies to join its new batch. The program focuses on industry and machinery companies
  • Fintech accelerator Bankia by Conector is also looking for companies to join its newest batch

Startup news 💡

  • François Nuyts, former director of Amazon Spain, to become CEO of Spanish proptech startup Housell
  • Kippel01 talked to car sharing startup Amovens about its plans for this year. The company, acquired by Denmark’s Gomore a couple of years ago, plans to increase its gross sales by 4X, which reached €12 million in 2017
  • Changes (and turmoil) at Hawkers: various of its executives have left the company, as it continues to look for a CEO
  • Gerardo Cabañas is new CEO. Cinco Dias talked to the company and its former CEO, Iñaki Arrola, about the company’s future plans
  • Both Jobandtalent and Typeform suffered data breaches in the past few weeks. La Informacion looked at the situation and what this means for the companies and its users
  • La Informacion wrote about Wallapop’s current state. The company is valued at €360 million
  • Barcelona-based Worldcoo raised €1 million through micro-donations and has helped to carry out about 200 social projects
  • David Bonilla launched Manfred Talent Agency, a new and different way to approach tech recruiting
  • Users will be able to drive Zity cars to Madrid’s airport, to be then picked up by workers of startup Valeet
  • UK car selling marketplace Carwow to start operating in Spain. The British startup has raised to date more than $39 million from Accel Partners and Balderton Capital
  • Ecommerce jewellery startup Singularu to open its first retail store, in Madrid
  • Startup profiles: Enxendra (fintech)

Big company news 🏦

  • How Spanish professional football league La Liga approaches its digital strategy. The organisations says that Netflix is its main competitor
  • Telefónica is maturing into a digital service provider
  • Banco Santander to increase its use of blockchain technologies

Tech and policy 💂🏼

  • The Spanish Ministry of Economy to soon open applications for startups and tech companies that want to take advantage of Spain’s soon-to-be-launched sandbox, a flexible regulatory framework that will allow companies to launch and test its services without the need of a full banking license
  • Last mile delivery startup Glovo to face its first trial, after accusations of labour wrongdoing continue
  • Unsurprising. Taxi drivers want the Madrid local government to limit even more the activity of Cabify and Uber in the city

Interesting reads 🤓

  • Kippel01 has an interesting overview of the current Spanish urban carsharing landscape: from companies such as Emov to the plans of giants such as Acciona
  • Ignacio Arriaga (Acumbamail): ’Is the VC model the best for your company?’
  • Sergio Montoro (La Pastilla Roja): ’Mistakes that new programmers often make

Podcasts of the week 🎧

  • Leads Origins interviewed Joe Haslam (Hot Hotels)
  • Itnig interviewed Pere Valles (former CEO of Scytl, now CEO of Exoticca)