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Banco Santander acquires UK fintech startup Albert. starts floating on the Euronext Growth.

July 7, 2019 • Issue #144

¿Cómo demonios puede tumbar una lavadora una red de datos? Una noche, una central nuclear y un virus informático. Sofía tendrá que resolver un rompecabezas tecnológico en una cuenta atrás frenética. Adéntrate en el thriller tecnológico #Elements de @nts_sol.

Startup funding news 💸

  • Fintech startup Declarando raised €525,000 from Sabadell Venture Capital, Bankinter and Encomenda
  • 3D packaging startup 3D Click raised €225,552 in funding through Startupxplore in a round led by Women Angels For Steam
  • Food tech Catevering raised €100,000 from Encomenda and Abac Nest

Startup exits 🎊

  • Spanish certified digital communications company lists on Euronext Growth at a €16 million valuation
  • According to El Confidencial, Mediaset will buy football media company ElDesmarque for €10m. The Sevilla-based news site has revenues of €3.2 million and a profit of €1.2 million
  • Banco Santander announced the acquisition of Albert, a mobile first invoicing platform out of the UK. Terms of the deal were not disclosed

Investor & accelerator news 🚀

  • Madrid’s local government to create a €30 million vehicle to back VC firms and other investment vehicles
  • El Confidencial published a profile of startup studio/incubator Demium, which just raised €3.5 million from various investors. The company plans to expand its services throughout Europe

Startup news 💡

  • Home care platform Joyners has launched its services in France, its first country outside of Spain. The company expects to reach €1.5 million in sales this year
  • Kippel01 talked to Coverfy’s Vicente Arias about the company’s expansion plans in the short to mid term. The insurtech company has previously acquired insurance brokers and continues to look at the market for interesting M&A opportunities
  • Xataka had a long and in-depth profile of TiendAnimal, the ecommerce company that expects to reach €100 million in sales this year by catering to pet owners
  • AI-powered sales productivity app maker Cien announced that it is building an AI and data science “Center of Excellence” in Barcelona after raising €1,575,000
  • Spanish freight transport platform Ontruck sees exponential growth in UK market since launching in January
  • El Referente interviewed the founders of health marketplace startup Dentaltix. The company expects to reach €4 million in sales in 2018
  • Madrid-based cloud backup, storage and data infrastructure startup Datos101 opens an office in Mexico to meet the needs of more than 4 million companies in the Mexican market
  • Ecommerce News interviewed Xavier Pladellorens, co-founder and CEO of Deporvillage. The company expects to reach €45 million in sales this year
  • Groupalia says its looking for €1.5 million from investors to resume operations in 2019. The couponing company fired most of its employees last year and also entered into administration
  • Kippel01 talked to car selling marketplace Trive about the company’s plans, which includes bringing electric vehicles to its platform. Trive says that it could reach its break even point by the end of 2019
  • El Pais profiled Airtouch New Media, a Spanish startup that builds skills for Amazon’s Alexa platform
  • Spanish crypto transaction startup Bit2Me expands into Italy

Big company news 🏦

  • Who whould have thought? Movistar+ to shut down its eSports television channel. Telefonica also presented last week Movistar Car, a ODB 3gb router for the car
  • Mercadona announced that it will open a huge distribution centre in Getafe in preparation to launch its ecommerce platform in Madrid in the short term
  • Car sharing companies that operate in Madrid will increase its fleet of cars by 30% in 2019. Car2go plans to offer its services in more areas outside of Madrid’s city centre and to incorporate four-person cars to its fleet. The company also announced last week that it’s going to increase prices
  • According to Kippel01, Amazon plans to open its biggest distribution centre in Spain in Sevilla
  • Mobile payments platform Bizum disclosed its 2018 figures: 2.5 million users, 13 million transactions completed for an average transaction value of €54
  • Just Eat says that it has reached more than 2 million monthly active customers in Spain

Tech and policy 💂🏼

  • The Spanish government announced a draft bill to implement laws that will promote entrepreneurship in Spain while making life easier for entrepreneurs and investors. The government is looking for expert opinions before deciding on laws to implement

Interesting reads 🤓

  • El Pais interviewed Barbara Martin Coppola, the Spaniard that is in charge of leading Ikea’s online strategy
  • Kippel01 interviewed Philippe Gelis, co-founder of fintech startup Kantox, to talk about regulation, Spain vs. the rest of Europe and the UK and other topics
  • Xataka published an in-depth interview with Pedro Serrahima, current director of O2 in Spain and previously CEO of Pepephone
  • El Confidencial looked into the ghost/virtual restaurant sector, with initiatives by Deliveroo and food tech startup Keatz increasing its presence in the Spanish market

Podcasts of the week 🎧

  • K Fund interviewed Agustín Gómez, co-founder and former CEO of Wallapop
  • Itnig interviewed Luis Martín Cabiedes of Cabiedes & Partners