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Glovo could be raising at $1b valuation. Buguroo raised $11m. HolaLuz MAB debut.

December 2, 2019 • Issue #193

La newsletter de esta semana está patrocinada por iberoMEDIA.

Queremos convertirnos en tus compañeros de viaje a través del mundo del Marketing Digital. Ofrecemos soluciones para que tú y tu empresa estéis a la vanguardia de la transformación digital.

Si eres un freak de métricas como la tasa de conversión, CTR o ROI, y además apuestas por la organización y cuadros de mando, vamos a ser un equipo de diez.

Gracias a nuestra trayectoria conocemos la teoría y la práctica dentro de este mundo tan cambiante. Y no lo decimos nosotros. Lo dicen los más de 60 proyectos que han confiado en nosotros.

Contamos con oficinas en Madrid (The Four Business Tower Area) y Sevilla (Plaza Nueva). Tú nos dices dónde quedamos.

Startup funding news 💸

  • According to La Informacion, Glovo could be in the middle of raising a new round of funding at a $1 billion valuation
  • Madrid-based Buguroo raised $11 million led by Eleven Ventures and Seaya Ventures to detect banking fraud with deep learning and behavioral biometrics
  • Pamplona-based startup Openbravo raised €1.4 million, led by Sabadell VC. Amadeus Capital and Adara Ventures also participated in the round
  • Donosti-based drone company Alerion raised €1.2 million from Orza and Easo Ventures
  • Valladolid-based health startup Amadix raised €1.2 million via The Crowd Angel
  • Madrid-based edtech and fintech startup StudentFinance raised €1.1 million from Seedcamp, MustardSeed and business angels
  • Madrid-based mortgage business Helloteca raised €700,000

Exit activity 🎊

  • HolaLuz debuted on the Spanish MAB, reaching a valuation of more than €180 million
  • Madrid-based logistics platform OnTruck acquired Barcelona-based Briver to increase its presence in Catalunya

Startup news 💡

  • Malaga-based Freepik expects to reach €30 million in revenue and €15 million in EBITDA this year. The vector graphics company has 180 employees and hasn't raised any outside funding
  • El Pais profiled Malaga-based payments startup Easy Payment Gateway. The company claims to have processed $2.5 billion in payments last year and to have reached €2 million in revenue, while aiming to become profitable in 2020
  • Eldiario published an in-depth article about Wetaca's quest to eliminate plastic from its delivery boxes
  • Xataka published a long profile of 42Madrid, the international free (for students) programming school launched this year in the Spanish capital with the help of Telefonica
  • Travel startup Waynabox has a new CEO. Former CEO Pau Sendra explained the decision in a blog post
  • Iker Marcaide, former CEO and co-founder of Flywire (Peertransfer), inaugurated its new project in Valencia, a Montessori school called La Pinada
  • Chicisimo announced the “Fashion Taste API” to build a taste graph for each fashion retailer, and a taste profile of each fashion shopper
  • Viagogo acquired StubHub from eBay, and La Informacion wonders how the movement could affect employees of StubHub (formerly Ticketbis) in Spain
  • Spanish crowdlending startups lent more €70 million in the first six months of 2019
  • Startup profiles: Obuu, WinDelivery

iberoMEDIA está buscando Digital Account Executive en sus oficinas Madrid y Sevilla. Una persona dinámica, muy resolutiva y que quiera extender su experiencia en el mundo del marketing digital.

La persona se encargará de captación de nuevos clientes, la gestión del día a día de diferentes proyectos y cuentas, planteando estrategias digitales y llevándolas a la implementación en múltiples canales: social ads, emailing, content ads, display y SEM.

Puedes encontrar más detalles sobre el puesto aquí.

Big company news 🏦

  • Telefonica announced last week a major reorg, affecting its local and international business and with a strong focus on its technological and infrastructure divisions. The company said that it might make more startup acquisitions in the near term
  • The Spanish Defense Ministry banned Huawei devices from accessing its systems
  • Orange launched its bank in Spain
  • La Informacion interviewed Ignacio García-Legaz, head of Vodafone TV, and the man who said no to expensive football TV rights
  • Energy company Naturgy to start acquiring customers via Amazon, with discounts of up to 10%

Tech and policy 💂🏼‍♂️

  • Madrid's Supreme Court sentenced that Glovo's riders should be considered as employees instead of contractors. There's been several sentences in both directions in the past few years
  • The Spanish government passed a law allowing it to shut down websites when it considers that they "pose a threat to the public"

Interesting reads 🤓

  • R&D spending in Spain reached pre-financial crisis levels for the first time in years
  • The use of face recognition cameras in Madrid is increasing
  • David Bonilla (Manfred) wrote about Amazon's plans for its AWS data centre in Aragon
  • Samuel Gil (JME) wrote about how to scale a B2B SaaS company
  • Felix Lopez (Google) continued its series about the role of an engineering manager
  • Jordi Altimira (Lanzame Capital) wrote about levers startups can use to reach profitability
  • Caroline Lagergren (Expand To Spain) wrote that 'Spanish scaleups are not "just" about LATAM anymore'

Podcasts 🎧