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Startup funding news 💸

• Business travel startup, TravelPerk, announced it’s more than doubled the $44 million Series C round from 9 months ago, taking a further $60 million from its existing investors. Avi Meir, CEO, wrote about the financing
• Madrid-based fintech startup Finizens raised €3.3 million. The name of the investors was not disclosed
• Dentaltix raised €500,000 from Cabiedes & Partners and Bewater Funds
• Acqustic raised €150,000 from Bbooster Ventures

M&A activity 🎊

• According to La Informacion, Cabify rejected a $2 billion acquisition offer in 2018, because the deal was mostly in stock instead of cash
• Vente Privee, owner of Privalia, sold Privalia Mexico to Grupo Axo

Investor & accelerator news 🚀

• ASCRI published data for the first half of 2019 in the venture industry: 242 investments that combined for €357 million
• Inveready invested in Belgium startup AudioValley
• Interesting Twitter thread by Pepe Borrell about “direct investments” in Spain, from an equity crowdfunding point of view
• Private equity firm Alantra hired Ana Segurado (formerly of Telefonica) to lead its technology investments. Alantra also acquired a 35% stake in Sabadell’s early stage fund Asabys Health
• Propel Ventures, BBVA’s de-facto venture arm, said that it’s invested in three new companies recently, without disclosing their names

Startup news 💡

• Barcelona’s startups push forward despite political challenges - interesting read on the evolution of Barcelona’s startup ecosystem
• Glovo and Carrefour signed a significant agreement that will see Glovo deliver Carrefour’s products in 30 minutes or less in Spain, France, Italy and Argentina. In an interview in Portugal, co-founder Sacha Michaud also talked about Glovo’s expansion plans in Portugal
• Proptech company Spotahome posted revenues of €6 million in 2018 (70% year-on-year)
• HR startup Woffu disclosed revenue numbers for the first six months of 2019: €130,000 in MRR, a 300% year-on-year increase. The company has more than 4,000 clients and 40 employees
• Basque fashion startup Chicisimo launched an in-store outfit recommender, that will allow consumers to match the clothes in their closet with garments they are about to buy
• Marketing startup Marketgoo published ola, their new design system
• Mr Jeff to continue its Spanish expansion with more clothe washing centres
• Paris-based BlaBlaCar announced the official launch of its bus division BlaBlaBus. Due to regulation, in Spain the service will be limited to international trips between France, Italy and Spain
• El Pais profiled Raquel Urtasun, head of research at Uber’s Advanced Technologies Group, its Toronto-based autonomous car research arm
• Sherpa, the Spanish startup developing an AI assistant, announced that it has hired Tom Gruber, one of the creators of Siri, as Strategic Advisor
• Ebury, a London-based fintech startup co-founded by Spaniards, reached an agreeement with Unicaja to facilitate foreign exchange to the bank’s clients
• Deliveroo to become one of La Liga’s sponsors in the upcoming 2019/2020 season
• Startup profiles: Goin, Tecnalia, Trucksters, Brand Your Shoes, Freightol, Wetaca

Big company news 🏦

• Telefonica’s boss Alvarez-Pallete wrote an op-ed to say that workes have the right to disconnect from work after their normal hours
• El Corte Ingles says it’s working on an app that will change the way brands and consumers interact between them
• Spain’s CNMC estimates that Netflix and HBO have more than 6 million subscribers combined
• Amazon says it will create 600 jobs this year in Spain

Tech and policy 💂🏼

• ADigital held a press conference to propose a new labour contract that would give riders of platforms like Glovo, Deliveroo and UberEats better working conditions and protection without losing flexibility
• The Spanish government is working on a set of measures to promote electric vehicles in Spain. The plans are being criticized by different players

Interesting reads 🤓

• Martin Varsavsky (Prelude, MVB Fund): ‘Why Madrid and Spain are much better than San Francisco’
• Javier Santana (Tinybird): ‘Continuous integration’
• Dockless is a new and interesting newsletter about mobility and transportation, written by Manu Zafra

Podcasts of the week 🎧

• Xataka published a podcast about developer productivity and the 10X engineer
• Itnig interviewed Christian Rodriguez of ByHours
• SeedRocket interviewed Nico Bour, co-founder of Uvinum
• Rewisormag interviewed Mar Cabra
• K Fund interviewed Borja Santos, managing director of Stripe in Spain and Portugal