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Delivery Hero is Glovo's largest shareholder. Details of Ticketea's exit emerge. Facebook to pay €90 million to stream La Liga in Asia.

July 7, 2019 • Issue #127

Emprendedor, imagínate pedirle a alguien que cree tu software y tú sin tener idea de como funciona… raro verdad? Cada vez son más los emprendedores que deciden aprender a programar y conocer su propio producto!

Startup funding news 💸

  • Glovo closed a big €115 million round a few weeks ago. Now it’s been disclosed that the biggest investor in the round was German food delivery giant Delivery Hero, with a €50 million investment and thus becoming Glovo’s biggest shareholder
  • Why Naspers just committed another $500 million to Barcelona-based Letgo: the global marketplace battle - an analysis by Dealroom
  • Barcelona’s Bigle Legal secured €400,000 to improve legal processing software platform. Investors include Telegraph Hill Capital and Cuatrecasas Ventures
  • Guitar manufacturer Miil raised €160,000

Startup exits 🎊

  • AT&T closed the acquisition of Madrid-born cybersecurity company AlienVault. Terms of the deal remain undisclosed
  • US ticketing company Eventbrite announced plans to go public this week. With the company’s S-1, details of Ticketea’s recent acquisition have been revealed: the Spanish startup was acquired by a total of $11.2 million ($3.6 million in cash and the rest in stock)

Investor & accelerator news 🚀

  • Axon Partners and Top Seed Labs invested in Peruvian startup Turismoi
  • El Pais interviewed Carlos Blanco (Akamon, Conector, Encomenda VC)
  • La Informacion looked at the startup investment activity of Francisco Gonzalez, president of BBVA

Startup news 💡

  • How to hit $1.4 million in MRR with less than 1% churn: SaaS-focused publication Latka analyses the financials of Barcelona-based startup ForceManager
  • Softonic’s losses increase even as the company has been able to slow down the drop in advertising revenue
  • El Español looked at the scooter sharing market in Spain, featuring local startup UFO or Scooter and US giants such as Lime, which just launched in Spain. El Confidencial tried Lime in Madrid and published a lengthy piece
  • Cabify signed a partnership with What3words to improve the precision and efficiency of its geolocation system
  • Spanish travel startup Waynabox to launch in Italy. The company was already active in France, UK and Portugal
  • El Español profiled Lufe, a Basque manufacturer of furniture that many see as an early competitor of Ikea and similar brands. Another interesting profile, this time of Madrid-based entertainment startup Yerba Buena VR
  • Madrid-based startup RatedPower to join Techstars Energy accelerator program

Big company news 🏦

  • How Colonial plans to expand UtopicUs coworking spaces all around Spain
  • Telefonica in conversations with Amazon to integrate Prime Video in the company’s plans in Spain
  • German supermarket chain Lidl launches ecommerce platform in Madrid
  • Bizum, the mobile payments service created by a bunch of Spanish banks, has 1.8 million users and almost 1 million monthly transactions
  • Facebook to stream La Liga’s matches in eight Asian countries, the social media juggernaut will pay €90 million to secure rights

Tech and policy 💂🏼

  • Spanish association Adigital wants the government to publish a new regulatory frame for the gig economy
  • Spanish competition regulator CNMC wants to force federal and local governments to get rid of tight regulations limiting the activity of Airbnb and other vacation rental companies

Interesting reads 🤓

  • El Confidencial published an interesting analysis of the relationship between some of the most powerful companies in the Ibex 35 and local startups, be it in the form of business agreements or investment activity
  • Could we see a bailout of the traditional taxi sector in Spain? How the Uber/Cabify wars might resume after the summer
  • The Spanish videogame industry is bigger than the music and movies ones combined
  • Miguel Arias (former COO of Carto, now director of Wayra): ’Virtuous circle vs. vicious circle
  • Manuel Avello: ’The 8 reasons why I decided to learn how to program with Ironhack after getting a business degree

Podcasts of the week 🎧

  • Vostok6 interviewed Teresa Busto (Airbus)
  • Brand Stocker interviewed Ismael Barros and Máximo Gavete (Soluble Studio)
  • En.Digital interviewed Rubén Marzal (Lanzadera)