MasMovil, Wallapop and idealista exit news. Privalia’s financials. Lots of startup news.
October 29, 2019 • Issue #188
Impact Hub abre su 6º espacio en Madrid en el barrio de Prosperidad, junto al Parque de Berlín. Un edificio de 3.000 m2 para empresas y profesionales que quieren construir impacto y trabajar en comunidad.
Despachos de 4 a 9 personas con posibilidad de ampliación, puestos fijos y zonas de trabajo flexible con distintas opciones de tarifa. Elige lo que mejor se adapta a ti y a tu equipo.
Además, encontrás áreas comunes para descansar o hacer relaciones, y salas de reuniones y eventos donde conectar con otros profesionales, recibir a tus clientes o asistir a acciones formativas y encuentros. Impact Hub ofrece una variada programación en torno a la innovación social y el desarrollo sostenible.
Aprovecha nuestra oferta de apertura y llévate 2 meses gratis si contratas antes del 31 de diciembre de 2019. Únete a la mayor red global de comunidades de emprendimiento con impacto. ¡Infórmate!
Startup funding news 💸
Spanish neobank Bnext just went live on Crowdcube. The company has raised more than £950,000 in less than an hour. If you want to have a chance to participate in the company’s future, you can do so by investing here.
- Barcelona-based freelancing recruitment startup Outvise raised €1.2 million to accelerate its growth
- Malaga-based travel startup Nicehop raised funding from Cupido Capital
M&A activity 🎊
- According to El Confidencial, MasMovil could be considering buying Vodafone 's Spanish business for €6 billion
- Executives and employees of Wallapop received a €13 million compensation package as part of the company's sale of its US division to Letgo/Naspers. Wallapop's revenues grew to €13.6 million in 2018, up 20% from the previous year and could reach profitability soon
- According to El Confidencial, Apax could be considering selling Madrid-based idealista for as much as €800 million
- Squarespace announced the acquisition of New York-based social media authoring startup Unfold, co-founded by Spaniard Alfonso Cobo
Investor & accelerator news 🚀
- The only IPO in Spain this year will be Balboa Ventures, a fund-of-funds launched by Arcano Partners to invest in Silicon Valley and US-based Venture Capital firms
- Santander InnoVentures led expansion round for American digital mortgage lending platform Roostify. The firm was also in the news this week after it was announced that Santander injected €27 million of additional capital into InnoVentures
- Banco Santander México, CONTPAQi and others invested $250 million pesos in Innohub, a company builder for B2B fintechs
- Madrid-based Corporate Venture Capital firm Cemex Ventures invested in California startup X3 Builders
- According to Ascri, Spanish startups raised a combined €534 million from VC firms in the first 9 months of 2019, +42% year-on-year
Startup news 💡
If you're looking for a coworking space in the north of Madrid, take a look at Impact Hub's new space in Prosperidad. If you sign up before December 31st you'll get two months free!
- Barcelona-based last mile logistics company Method Logistics expects to reach €18 million in sales this year
- Barcelona-based ecommerce site Privalia disclosed financials for 2018: revenues of €656 million (+20% year-on-year) and profit of €26.3 million (+50% YoY)
- El Rerente interviewed Jorge Oliveros, CEO of Madrid-based marketplace Jobin. Oliveros says in the interview that the company is currently doing €2 million in monthly GMV and growing 7X compared to 2018
- Barcelona-based housing marketplace Badi announced two senior hires from Google and Booking.com
- Glovo signed a partnership with French neobank Qonto. As a result, orders paid with a Qonto card will get a 50% discount
- How Barcelona startup Onna is helping companies unlock their data. The company recently raised $11 million from Dawn Capital and has 55 employees
- According to El Referente, Madrid-based Rebellion Pay is the first neobank to offer a Spanish IBAN to customers
- Barcelona-based proptech startup Housfy to create a spin off to provide mortgages
- Madrid-based roboadvisor Indexa Capital launched a life insurance product
- Barcelona-based brand intelligence technology leader Red Points opens Salt Lake City office to support rapid U.S. growth
- Barcelona-based fintech startup Pagantis says that it has loaned more than €500 million in the past 8 years
- Asturias-based startup Virtway helps companies build 3D virtual events. The company has raised more than €4 million to date and expects to close this year with €800,000 in sales
- TonicApp is a Portuguese health startup that just participated in TheVentureCity's growth program. The firm wrote about the company's experience here
- Startup profiles: Coinscrap, Hireflix, Cobee, Dixper
Arengu is a SaaS platform that helps companies build and automate user registrations. You can easily create sign-up forms, flows and static pages to start acquiring new users for your platform, without dealing with complex integrations or wasting valuable development resources.
At Arengu we are looking for a Content Marketing specialist with great English level that will help us with our content generation and communications strategy. You will be in charge of writing content to attract qualified traffic, as well as to guide users through the conversion funnel.
Check out our job offer here and come join our team in the beautiful city of A Coruña!
Big company news 🏦
- HBO increased prices in Spain to €8,99 per month
- Denizen, the global account fintech created by BBVA in 2018, announced that it will close in December, citing the inability to scale the business enough to compete in the current environment + Immune Technology Institute is a new education program in Madrid, backed by corporates and multinational executives + Telefonica and Atresmedia created a joint venture to compete against Netflix, HBO. La Informacion looked at the details of the partnership + Alsa's "secret" booming business in Spain: VTC licenses + El Mundo set to become Spain's first large newspaper to install a paywall
Tech and policy 💂🏼♂️
- Madrid's city government could take away e-scooter licenses from operators if they don't adhere to local regulations
Interesting reads 🤓
- Advertising spending in Spain decreased by 6.3% in the first 9 months of 2019. Press and TV ads showed the worse declines, while Internet and radio the bigger uplifts
- According to various studies, Spain has one of the lower rates of remote working in Europe
- Philippe Gelis (Kantox) wrote: 'MDPs have “commoditised” corporate FX and crushed profit margins. It’s time to leverage new automation technology to recapture value'
- Felix Lopez (Google) wrote :'The role of an engineering manager: one to ones'
- Daniel Primo interviewed Pablo Postigo, CEO of Frontity
- K Fund interviewed Guillermo Vicandi, CEO of Bnext
- Itnig interviewed Eduard Cabanas and Eduard Ros, CFOs of Ulabox and Glovo, respectively
- Lunes Inspiradores interviewed Mireia Badia, CEO of Grow.ly
- En.digital interviewed Pol Rodriguez, CEO of FacturaDirecta
- StartupGrind BCN interviewed Elisenda Bou, co-founder of Vilynx