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Glovo raised a big €125m Series C. Telefonica suffers data breach. More labour issues for Deliveroo and Glovo.

July 7, 2019 • Issue #124

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Startup funding news 💸

  • Glovo raised $134 million to beef up its on-demand delivery business. The round was led by Idinvest Partners and ArmRest and included the participation of Rakuten Capital, Seaya Ventures and Cathay Innovation. The company is now valued at more than €300 million. The company expects to hire 100 engineers in Barcelona
  • Landbot got $2.2 million for its on-message ‘anti-AI’ chatbot. The round was led by Nauta Capital, with Bankinter and Encomenda Smart Capital also participating
  • Agora Images raised €2 million from Gerard Piqué, Mnext Venture Capital , WidInvest AG, Soller Invest S.L, Kabche Real State and Apium Hub
  • Health startup Iomed raised €500,000 from Inveready, EASO Ventures and Pioneers Ventures
  • Healthy beverage startup Dietox raised €400,000 from Inveready, Faraday Venture Partners, Cabiedes & Partners, Inderhab Investments
  • Urban transportation startup Ciclogreen raised €245,000
  • Edtech startup Petoons raised €200,000
  • Madrid’s Adtuo closed €100,000 seed round to amplify advertising management platform

Investor & accelerator news 🚀

  • Barcelona-based digital innovation hub for Banco Sabadell, InnoCells, invested €7.5 million in Cardumen Capital to enter the Israeli market
  • K Fund published a list of currently active business angels and VCs in Spain
  • Kippel01 published an overview of the Spanish VC market and its evolution in the past few years
  • Castellón Órbita accelerator is looking for early stage Spanish startups, €100,000 in prizes
  • Barcelona Tech City to open a new building, to be focused on blockchain companies
  • Renfe to launch startup incubator and accelerator with support of Wayra
  • Abanca to launch a new accelerator program

Startup news 💡

  • The founders of Ticketbis have left the company before its earnout agreement with StubHub (eBay). This news coincides with the announcement of layoffs at Ticketbis. Ticketbis was acquired by the US ticketing giant for more than $160 million a couple of years ago
  • P2P financing startup Comunitae has shut down
  • Hotel booking site ByHours expects to reach €6 million in gross sales this year. Kippel01 has a bunch of info on the company, including the possibility of a €5 million financing round this year
  • Catalan tech company expects to reach €6.2 million in the first half of 2018, with an EBITDA €916,000
  • Tracer is the new company of Jorge Díaz, former VP of Ticketbis. He aims to beat ticket scalpers with blockchain-based concert tickets
  • El Confidencial profiled Tropic, a Spanish shoe maker that sold €2.1 million worth of shoes in 50 days
  • Startup profiles: Familyescool (transportation), Laconicum (beauty ecommerce), NoLegalTech (legal)

Big company news 🏦

  • Telefonica suffered a severe data breach, exposing personal data of thousands of clients. La Informacion has a bunch of details about the breach here and here
  • La Informacion looked at HBO’s finances in Spain: the US media company invoices Spanish customers from its Swedish subsidiary, with declared revenues of €1.7 million and 360,000 clients
  • Amazon held its Prime Day last Monday, which coincided with a big strike at its distribution center in San Fernando de Henares. Workers continue to demand better working conditions
  • Amazon to open a new distribution center in Barcelona. So will Mercadona, to tackle its ecommerce efforts
  • Pilar Lopez, president of Microsoft Iberica, to join Inditex’s board of directors
  • Chinese bike sharing startup Ofo to close its Spanish operations
  • Deliveroo signed a partnership with Aso Riders to improve rider working conditions. This coincided with new litigation from a group of riders in Barcelona
  • Also this week it was disclosed that 326 of Glovo’s riders in Zaragoza should be considered employees instead of freelancers, which could cause trouble to the company nation-wide

Tech and policy 💂🏼

  • The European Union says that Spain’s proposed tax on tech giants is not enough to finance the country’s pension system
  • The Supreme Court has ruled ilegal Barcelona’s proposed legislation on Cabify and Uber in the city

Interesting reads 🤓

  • Xataka profiled Sevilla-born and SF-based cloud startup Bitnami
  • The Spanish Association of Startups has a new president, Carlos Mateo
  • How to tackle Spanish bureaucracy and seek legal advice for startups in Barcelona
  • Las Tablas, Hortaleza and Atocha are the three Spanish neighbourhoods that spend the most on ecommerce
  • David Okuniev (Typeform): ‘How the Barcelona startup scene has changed in the 5 years since I started my business’
  • Jesús Monleón (Seedrocket4Founders): ’About liquidation preferences
  • Ignacio Arriaga (Acumbamail): ’I’ve never built a company, but I’m going to charge you money to show you how to do it

Podcasts of the week 🎧

  • En.Digital interviewed Juan José Llorente, country manager of Adyen in Spain