MasMovil enters Portugal. Microverse graduated from YC batch. HP's new CEO is Spanish. Operacion Morriña.
August 26, 2019 • Issue #178
This week’s newsletter is brought to you by Operación Morriña. Operación Morriña is an open initiative started by Corunet & Manfred to bring back to Galicia the technical talent that has emigrated. Because everyone should be able to work next to their family, their childhood friends and their favourite “furancho”.
That’s why Corunet launched the following project, to put their money where their mouth is. A mentorized Relocation Plan to help you and your family with your rent, move, house search and tuition of your children. Moreover, you will be working with global scale, top-notch projects that will make you grow as a professional. They have a promise, nobody is going to rush you. Moving your life takes time so if there’s fit, they will wait for you as long as it takes. Last but not least, this is not only for Galicians. Nobody is gonna ask you for your birth certificate.
Startup funding news 💸
- US startup Tandem was, according to Techcrunch, one of the most sought-after companies to graduate from Y Combinator’s summer batch. The company raised a $7.5 million seed round led by a16z. One of Tandem's is Spaniard Bernat Fortet Unanue
- Edtech startup TuSpeaking raised€30,000 from Sodena
M&A activity 🎊
- MasMovil to start operating in Portugal following a minority investment of €15 million in local company Cabonitel, that manages local telco operators Nowo and Oni. The company says that it plans to continue acquiring smaller MVNOs in Spain in the next year
- VMWare acquired US security startup Intrinsic, co-founded by Spaniard Christian Almenar
Startup news 💡
- El Pais published an in-depth overview of the Spanish startup ecosystem, focusing on its growth in the past few years
- Wired published a list of what they consider "the best or hottest startups in Barcelona"
- Microverse, the edtech startup founded by Ariel Camus (formerly of TouristEye, Lonely Planet) participated in Y Combinator's latest summer batch. The batch's demo day took place last week
- Securitize, a provider of technology for issuing blockchain tokens co-founded by Spaniard Carlos Domingo, has registered as a transfer agent with the U.S. SEC, a move it says will boost adoption
- Emprendedores.es published a long interview with Oscar Pierre, founder and CEO of Glovo. Topics include profitability, labour conditions and Glovo's growth
- Spanish transportation company Amovens (acquired by Danish GoEuro a couple of years ago) says it had revenues of €1.2 million in the first half of 2019, a 46% year-on-year uplift
- The founders of Valencia-based gaming company Codigames bought out their investors with the profits accumulated. Kudos. Investors where Caixa Capital Risc, Faraday Venture Partners and Angels Capital
- British neobank Revolut says it has more than 300,000 clients in Spain
- LA-based gaming company, Scopely, expands in Spain and Ireland. The company is building out its Barcelona offices, tripling its office space and planning to significantly expand its 100-person-strong team in the city
- El Referente published an overview of the Spanish energy tech market
- Startup profiles: Frankie The King (dog food subscription service), Optimus Price (SaaS for pricing intelligence), Cobee (SaaS to manage employee benefits), Cocuus (3D printing), AllRead (computer vision for industrial processes)
Each and every of thepositions that Corunet offers do not require a specific stack. Corunet believes that tools should be chosen for every challenge and they have three main principles: “sentidiño”, going the extra mile and good people = good relationships.
Big company news 🏦
- HP has a new CEO, and he's Spanish: Enrique Lores
- AliExpress opened its first retail not only in Spain, but also in Europe. It's located in Madrid and it will showcase 1,000 products from more than 60 brands
- BBVA says that 22% of Bizum's users are clients of the bank. BBVA also announced that its clients will be able to send money to multiple users at the same time with Bizum
- One of Amazon's distribution centres in Barcelona will be the first in Europe to use its Pegasus Drive robots
Interesting reads 🤓
- The story of Juanjo Montiel, a Spanish programmer that despite having great coding skills finds it hard to score a job due to him being blind
- Apple's R&D budget is now the same as Spain's: all private and public R&D in the entire country of Spain, the 13th largest economy in the world
- According to a study from the EU, Spain is the European country with the highest number of workers performing for digital platforms
- Jose A Del Moral: 'What has been done right in Spain to help the local startup ecosystem?'