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4iQ raised $18m. Glovo was all over the press last week. Fintonic teams up with Amazon. Wallapop's valuation surpasses $500m barrier.

July 7, 2019 • Issue #139

Las navidades están a la vuelta de la esquina y trae un regalo: una cuña gratis valorada en €50 si contratas tu compaña con ellos. El Club de la Radio te ofrece la posibilidad de segmentar tus campañas geográficamente con una experiencia totalmente digital: una buena forma para diversificar tu estrategia y reforzar tus campañas online aumentando tu presencia de marca a bajo coste y alta frecuencia. Ideal para anunciantes de respuesta directa B2C ¡Aún estás a tiempo de hacer tu campaña de Navidad y comerte los turrones tranquilamente! Consíguela AQUÍ.

Startup funding news 💸

  • C5 Capital led an $18 million investment round into 4iQ, the cybersecurity company founded by
  • Engineering services startup Clerhp raised €1.5 million from Inveready
  • Valencia-based eSports startup Streamloots raised €500,000 from various investors
  • SP Control Technologies raised €350,000 from Big Sur Ventures, Bankinter and Bussy Angels

Investor & accelerator news 🚀

  • Banc Sabadell invested €8.8 million in San Francisco-based VC firm Base10 through its InnoCells division

Startup news 💡

  • Glovo was in the news a lot last week, as the company held various meetings with a bunch of reports to talk about its recent performance as a business and its plans for the near future. The company will finish 2018 with €80 million in gross sales (20% less than expected), plans to launch ‘virtual restaurants’ and 'virtual supermarkets’ and also expects to hire up to 300 engineers in the next few months. Oscar Pierre, CEO and co-founder, admitted in various interviews that tech people only represent 4% of its workforce and that they should have hired more engineers since the early days of the company
  • FastCompany wrote a profile of Alfonso Cobo, a Spaniard that whose template app for Instagram Stories has been used more than 11 million times. Alfonso has now launched an agency aimed at this particular market, called Unfold
  • Personal finance management app Fintonic has teamed up with ecommerce behemoth Amazon to offer users in Spain interest free purchases on the local marketplace
  • According to Swedish VC Vostok New Ventures. Wallapop is now valued at more than $500 million
  • Lucas Carne and José Manuel Villanueva, co-founders of Privalia, are leaving the company two years after its acquisition by Vente Privee for more than €440 million
  • Novobrief published a profile of Barcelona-based real estate startup Kasaz: ‘We now have a real alternative to traditional real estate portals’
  • Parking app Valeet to pivot its business model to solely focus on B2B and corporate clients. Couldn’t find a blog post about it, but this was communicated via email to users of the service
  • El Referente published a profile of Fintup, a Madrid-based startup that provides financial services to consumers, trying to offer private banking services to less afluent clients

Big company news 🏦

  • According to a study from Statista, El Corte Ingles is the biggest fashion ecommerce business in Spain, with €390 million in sales in 2017, followed by Vente-Privee and Zalando
  • BBVA says that ‘digital customers’ (not sure what that means) buy more products from the bank than 'non-digital customers’. La Informacion also looked last week into BBVA’s technology services division, BBVA Next Technologies, which provides services to companies such as Dia, Cepsa or Ferrovial and which reached €4 million in sales last year
  • Mediapro announced the launch of U-Beat, an OTT (over-the-top) service that will be focused on the eSports sector
  • Kippel01 looked into the financials of Tesla in Spain: the company founded by Elon Musk had sales of €33 million in 2017
  • Orange is in negotiations with Amazon to include Prime Video into its television offering

Interesting reads 🤓

  • A tale of two scooter cities: Natasha Lomas of Techcrunch wrote an article about the different approaches Barcelona and Madrid are taking when it comes to embracing (or not) electric scooters
  • Xataka profiled Bernardo Quintero, co-founder of cybersecurity startup VirusTotal, which got acquired by Google a few years ago. Quintero has always kept a low profile, but it’s great to see that his story is being shared more and more
  • Diego Mariño (Abiquo, Ducksboard, New Relic): ’Product Instrumentation 101
  • Wences Garcia of Marketgoo wrote about ’why culture is more important than company
  • Pierre Becerril (Transparent): ’8 questions a developer should ask to a startup CEO

Podcasts of the week 🎧

  • K Fund interviewed Alejandro Artacho, co-founder and CEO of Spotahome
  • interviewed David Bonilla (La Bonilista, Manfred)
  • Itnig interviewed Pepe Agell (Chartboost)