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Typeform has a new CEO. What Swedish VC Creandum thinks about the Spanish tech ecosystem. Cabify to launch escooter business.

July 7, 2019 • Issue #138

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Startup funding news 💸

  • Enterprise collaboration startup Beezy raised €1.5 million in venture debt from Inveready
  • Madrid-based Women fertility app Woom raised €900,000. The round was led by TheVentureCity
  • Barcelona-based FreeOx Biotech raised €500,000 from various business angels
  • Tuenti founders Félix Ruiz and Zaryn Dentzel backed Wegow, a Spanish marketplace for live music

Startup exits 🎊

  • Italian firm Kirey has acquired Spanish ICT company MPM Software
  • Cronoshare acquired ReformaAyuda. Both are marketplaces for local services providers
  • Ideafoster, a startup created by Pau-Garcia Mila, was sold to Latam group Canvia. Terms of the deal were not disclosed

Investor & accelerator news 🚀

  • Peter Specht (Creandum) wrote an interesting op-ed about the Spanish startup ecosystem: ’Looking at the Spanish tech ecosystem from an international perspective
  • These are the 15 startups that will participate this week in SeedRocket’s Madrid Campus program
  • Real estate group Forcadell expects to invest between €50,000 and €250,000 in the next five years in 30 proptech startups

Startup news 💡

  • Typeform announced this week that co-founders Robert Muñoz and David Okuniev are stepping down as co-CEOs of the company. Typeforms’ new CEO is Kim Lecha, who up until now was the company’s COO
  • Forbes wrote a profile of Ander Michelena, former founder and CEO of Ticketbis, to talk about his journey from creation to exit
  • Barcelona Tech City interviewed Lucas Carné, co-founder and CEO of Privalia, the fashion startup that got acquired a couple of years ago for €500 million: ’When to sell your startup? It’s better to think that you’ve sold it too early than regret not selling it all
  • Cabify to launch an e-scooter (patinete) service in Latam, Spain and Portugal under the Movo brand. The company expects to launch more than 20,000 scooters to market, competing with other giants such as Bird, Lime, etc. In fact, Bird also announced last week that it’s launching in Madrid
  • Ironhack and Cabify announced a partnership to provide €350,000 in scholarships for web programmers and designers
  • Fashionalia, the fashion startup that was backed by Gustavo García Brusilovsky (BuyVIP) and which has a similar model to the fashion giant Lyst, has a new CEO

Big company news 🏦

  • Zara goes online in 106 more countries, causing a big spike in its share price
  • Telefonica to sell its insurance unit to Catala Occidente for €161 million
  • Gaming powerhouse Ubisoft to open a new development centre in Barcelona, where it already houses more than 130 employees
  • Kippel01 looked into the plans of FC Barcelona to build an internal eSports team and a bigger structure to focus on the discipline
  • Airbnb to open a call centre in Barcelona that will house more than 800 employees. Makes sense given the tense relationship between the US company and the city’s local government
  • Amazon to allow consumers in Spain to buy goods without the need of having a debit or credit card. Instead, consumers will be able to buy pre-paid cards in more than 50,000 retail stores in Spain
  • El Corte Inglés to open an Aliexpress pop up store in one of its shopping centres. It’s like welcoming one of your worst enemies to your own house…
  • Spanish fashion giant Mango to open an 800-person digital innovation centre in Barcelona’s 22@ neighborhood

Tech and policy 💂🏼

  • Spanish regulator CNMC wants the CNMV (the equivalent to the US SEC) and the Bank of Spain to be open to competition from fintech startups and not to put a lot of hurdles to their creation

Interesting reads 🤓

  • Jose Tarheel (Mercadona): ’Why there’s no SEO in Mercadona online?’ Very interesting read. As well as this other reply about the same topic
  • This is an interesting analysis by Kippel01 of a CNMC study that looks into the behaviour of Spanish consumers and second-hand platforms such as eBay, Wallapop or Vibbo. Almost 35% of Spaniards say that they bought something in those platforms in the second quarter of 2018
  • El Confidencial argues that the biggest winners in Madrid’s plans to limit traffic in its city centre are the big companies behind carsharing initiatives such as Car2Go, Emov or Wible
  • The Daily Prosper interviewed Ismael Faro (Senior AI Research at IBM) to talk about quantum computing

Podcasts (and videos) of the week 🎧

  • K Fund interviewed Eduardo Manchón (Panoramio, Mailtrack)
  • Xataka interviewed Marta García Aller (journalist) to talk about AI and the industrial revolution
  • Oscar Pierre (Glovo) gave a presentation at Noah London about about the company’s first 3 years: ’Our highs and lows and our road to build the everything app in +30 countries
  • Itnig interviewed Adria Argemi (Pangea Aerospace)