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The story of AlienVault told by one of its investors. Antai Venture Builder raises €20m. Keat'z ghost restaurants.

July 7, 2019 • Issue #130

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Startup funding news 💸

  • Luxembourg-founded mobile hiring app JOB TODAY raised $16 million. The company operates in Spain and in the UK and is a competitor of local startups such as Cornerjob or Jobandtalent
  • Madrid’s Finanbest closed second part of €900,000 investment round
  • Redarbor/Computrabajo acquired a 20% stake in Spanish edtech company

Startup exits 🎊

  • Alberto Gomez (Adara Ventures): ’Five pivots, three company cultures, and a huge exit — the remarkable journey of AlienVault

Investor & accelerator news 🚀

  • Antai Venture Builder announced a €20 million round of funding to start and back new companies. Banco Sabadell and Mutua Madrileña invested €5 million each
  • El País interviewed Angel Cano, former CEO of BBVA, to talk about his current role as a business angel and his opinions on the fintech market
  • Crowdcube and Eatable Adventures announced a partnership to invest in food tech companies
  • Galician bank Abanca is looking for AI, big data and blockchain startups for its accelerator program
  • A list of all of the companies that will participate in Lanzadera’s most recent batch

Startup news 💡

  • Robo advisor startup Finizens announced a Premium plan for those who have more than €100,000 on the platform
  • According to Kippel01, Cabify posted a loss of €56 million in Latin America in 2017. The only region that was profitable for the company in the year was Chile. The company also announced last week a partnership with car rental platform Bipi to include its offerings in its app
  • El Confidencial profiled Zeleros, a Valencia-based startup that’s looking to build a hyperloop tunnel in Valencia
  • El Español profiled Keatz, a Berlin-based startup that operates a network of ‘ghost restaurants’ in Spain
  • Madrid-base location intelligence startup Geoblink announced a partnership with telco Orange to launch 'Live Data’
  • Wallapop to start selling houses on its platform
  • El Pais published an overview of the Spanish food tech sector, focusing on initiatives such as Eatable Adventures, Reimagine Food and Food For Tomorrow
  • Glovo’s issues with its riders continue. Last week, riders in Zaragoza held what El Confidencial calls a collaborative strike, thus stopping the service from working
  • La Voz de Galicia profiled Thunders Love, a Galician ecommerce startup that sells pair of socks for €60
  • Female-founded Vagy announced its “Vagy Box” product and subscription launch, offering personalized and sustainable feminine products in the service of women’s menstruation

Big company news 🏦

  • Telefonica’s stock price is down since last year. CEO Pallete said that investors should not focus too much on the short-term performance of the company but on its plans for the next 20/30 years
  • Xataka interviewed the head of content at Movistar+ to talk about the company’s plans and their vision on the crowded video on demand market
  • La Informacion published an overview of the video on demand market in Spain, coinciding with the launch of Huawei’s offering
  • Javier Gayoso, who led Spotify Spain for more than 10 years, has left the company

Tech and policy 💂🏼

  • Negotiations between Amazon Spain and unions are broken, which means that a judge will decide whether the new working conditions from the US giant are acceptable or if they need to revert back to the old agreement with its distribution centre workers
  • Glovo’s issues with its riders continue. Last week, riders in Zaragoza held what El Confidencial calls a collaborative strike, thus stopping the service from working
  • La Informacion has a summary of all of the legal cases Deliveroo and Glovo will face this fall, as both companies struggle to convince regulators that its riders should be freelancers instead of employees
  • Mallorca’s local government to put and end to its plans to launch a white-label competitor of Cabify and Uber. Wise move. In Madrid, a bunch of investors who bought VTC licenses in recent times are worried that limits to the number of licenses could be modified by local governments, thus decreasing its value

Interesting reads 🤓

  • Alex Rodriguez Bacardit (Marsbased): ’No Shortcuts

Podcasts of the week 🎧