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Cabify had revenues of €144m in Spain in 2018. Citibox raised €11m. RatedPower and Predictiva receive H2020 grants.

August 19, 2019 • Issue #169

This week’s newsletter is brought to you by Taxfix. Taxfix is a very interesting Berlin-based startup that aims to create a digital tax accountant for everyone. The company believes that everybody, regardless of their income, deserves to get the maximum out of their tax returns.

Taxfix’s software allows any user to file taxes in 22 minutes on their mobile phone, without any knowledge about taxes, with no stress and with no forms. Taxfix offers a chat-like interface to guide you through the process and gives you the maximum return.

You might be wondering why a Berlin-based company is interested in sponsoring our newsletter. Well, the company has not only created a great product that makes people’s lives easier, but is also looking to build a local team in Spain. Scroll down for more information on the position they’re hiring for and visit their site to learn more about the product.

Startup funding news 💸

  • Madrid-based Citibox raised €11 million from various investors. The company claims to have more than 7,000 lockers using its technology and to have completed more than 400,000 transactions to date
  • Madrid-based SaaS startup RatedPower received a €2 million grant by the EU’s H2020 program
  • Malaga-based AI startup Predictiva was awarded a €1 million grant by the EU’s H2020 program
  • Logistics and transportation startup Trucksters raised €850,000 from Big Sur Ventures and Metavallon VC
  • Blockchain certification startup Vottun raised €500,000 from Bbooster Ventures, Lanzame and other investors

Startup news 💡

  • Cabify says that it had revenues of €144 million in Spain in 2018 and posted a net loss of €3.5 million. The company also said that it does not plan to go public in the short term
  • Cinco Dias talked to Javier Andres, founder of Ticketea, acquired by Eventbrite. The US company plans to triple its employee base in Madrid in the next few years
  • The working conditions of Glovo’s riders was once again in the news, but this time in a New York Times article focused on the French market: Food-delivery couriers exploit desperate migrants in France
  • There’s been a lot of talk about the past elections in Spain and the performance of Scytl and other voting systems used in the process. For the first time ever, Scytl was able to give its views on the events
  • Factoring and confirming startup Novicap expects to close 2019 with €200 million of financing provided to SMBs. Last year it processed €50 million
  • El Pais looked at the increase in short term rental apartments in Madrid during the Champions League final weekend, with data provided by Madrid-based startup Transparent
  • EU-Startups published a list of 10 Barcelona-based startups to look out for in 2019 and beyond
  • Barcelona Startup News profiled SaaS company Carts Guru: “the Barcelona startup that we should be talking about”
  • Startup profiles: Deporvillage, Iristrace, Mr Jeff, Fundeen, Dribo, Coded People, Lendrock

Taxfix is looking for a Product Manager to join their multidisciplinary team of product managers, tax experts, designers, and data analysts to create products that people love to use. A great opportunity to join an international team building great products.

Big company news 🏦

  • Despite recent turmoil, Chinese company Huawei expects to open its biggest store in the world in Madrid in early July
  • French company DATA4 aims to build a Southern European powerhouse with Madrid data centre opening and €100 million investment
  • Amazon launched Motors in Spain, a new marketplace to buy and sell cars online
  • Netflix has raised its prices in Spain

Tech and policy 💂🏼

  • According to El Confidencial, the Spanish government wants to create a new tax that will force companies such as Netflix or HBO to partially finance the operations of Spain’s public TV service, RTVEE
  • The trial against the founders of SeriesYonkis continues, with its first sentence last week

Interesting reads 🤓

  • El Confidencial talked to various copywriters about the freelancing market and the conditions they work under: “€1.5 gross per hour: the precarious army of people that write what you read on the internet”
  • The number of Spanish households installing solar panels has increased significantly in the past few months
  • Mercadona Tech: ’Engineering at MercadonaTech

Podcasts of the week 🎧

  • MasQueStartups and Diego Mariño reviewed Pipedrive on the podcast
  • interviewed Javier Cuervo of 39ytu
  • Itnig interviewed Sergio Bacells of Birchbox, Jobtoday
  • Faraday Ventures interviewed business angel César Bardají
  • Lunes Inspiradores interviewed Pere Valles of Scytl and Exoticca