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Credimarket exits for €30m. idealista acquired 75% stake in AvaiBook. MasMovil keeps on growing. MWC news.

July 7, 2019 • Issue #154 se dedica a ayudar a startups de high growth a encontrar el talento adecuado para afrontar etapas de gran crecimiento. Su enfoque es especialmente personal y artesanal, tanto de cara a los profesionales del sector como las propias startups con las que trabajan. En trabajan estrechamente con los candidatos para ayudarles a entender el camino a elegir (y evitar), ofreciendo nuevos retos en empresas con equipos y productos con los que el propio equipo de Bliss se siente identificado, principalmente en las áreas de producto, tecnología, operaciones, marketing y dirección. ¿Buscas un cambio laboral? ¿Te apasionan los retos de startups? Ponte en contacto con ellos en

Startup funding news 💸

  • Spanish startups raised a combined €12 million in February
  • Legal tech startup elAbogado raised €800,000
  • Ecommerce company Minimalism raised an undisclosed sum of funding. More details, with the usual dose of transparency, on their blog

Startup exits 🎊

  • Spanish fintech startup Credimarket got acquired for €30 million by German media group Bauer. Credimarket was founded in 2007, posted revenues of €10 million in 2017 and had raised around €2 million in funding, from Cabiedes & Partners and Btov Partners
  • Idealista acquired a 75% stake in Spanish short term rental channel manager AvaiBook
  • El Confidencial published an interesting article about the acquisition of Israeli health startup Nutrino. The company, co-founded by two Spaniards, was acquired by Medtronic in 2018 for $100 million

Investor & accelerator news 🚀

  • Bewater, the platform to invest in startups through secondary transactions, launched its fifth investment vehicle to invest in Barcelona-based Mailtrack. The size of the vehicle is €410,000
  • El Pais interviewed Sofia Benjumea, managing director of Google Campus Madrid

Startup news 💡

  • MasMovil was a lot in the news last week. La Informacion published a long profile of its founder and CEO, Meinrad Spenger. The company announced €1.4 billion in revenues in 2018, +12% compared to last year, that it will compensate its executives with up to €32 million in bonuses and it also revealed that MasMovil paid €78 million for Yoigo’s franchise business
  • This was quite sad on the organisers of MWC: Cabify was banned from participating in a round table during the conference, for “political reasons”. The only Spanish unicorn and one of Spain’s largest tech companies, banned from participating in our most important tech event
  • Rewisor published a very interesting profile of BeSoccer, the Malaga-based football and media startup. The bootstrapped company closed last year with €5 million in revenues, more than 100 employees and millions of monthly active users
  • Wallapop is increasingly adding real estate listings to its mobile classifieds platform, thanks to a partnership with Yaencontre
  • Barcelona-based Marfeel collaborates with AppNexus and Rubicon project to develop server-to-server header bidding technology
  • Juan Jesús Velasco, of Andalucia Openfuture, published a tweetstorm with a bunch of interesting Andalucia-based startups
  • Proptech startup Housfy to launch its services in Italy
  • Startup profiles:
  • Bob: luggage transportation service for travelers
  • Yoomers: platform that connects home cooks with clients
  • Rebellion: fintech startup backed by Gala Capital
  • Esportter: platform for sports teams to communicate with different stakeholders

Big company news 🏦

  • Travel company Amadeus posted a profit of €1.1 billion in 2018, 1% more than in the previous year. Revenues grew by 6.6%, to €4.9 billion
  • Telefonica was quite present during Mobile World Congress last week. Jose Maria Alvarez Pallete gave a welcome speech and talked about regulation, prices in the telco sector and who should own consumer data
  • Telefónica and Microsoft establish strategic partnership to design the telco of the future. Companies will work together to power transformative customer experiences and services and explore use of intelligent technologies on the network. Xataka has more details about the partnership
  • The CEO of Vodafone Spain says that 2019 looks like a tough year for the telco but says that the British company won’t exit the Spanish market

Tech and policy 💂🏼

  • Javier Megias (Startupxplore) is the new president of the Valencia Startup Association

Interesting reads 🤓

  • How Startup Grind Barcelona helped shape the BCN startup scene
  • Top-10 Artificial Intelligence startups in Spain
  • Jose del Barrio (Samaipata Ventures): ’10 tips to turn your startup board into a secret weapon
  • Cayetana Hurtado (Balderton Capital): ’A very big company could be created in a category everyone is ignoring: elderly
  • Juuso Koskinen (OpenOceanVC): ’From Helsinki to Madrid — reflections on the two ecosystems

Podcasts of the week 🎧

  • Gonzalo Tradacete (Faraday) interviewed Carlos Conti of Inveready
  • K Fund interviewed Rafael Tamames, co-founder and CEO of Findasense
  • Itnig interviewed Andres Pla, co-founder of Prontopiso
  • interviewed David Eguizabal, co-founder and COO of Idoneo