Facebook confirms PlayGiga’s acquisition. Glovo raises $166m and reaches unicorn status.

December 23, 2019 • Issue #196

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Startup funding news 💸

Barcelona-based Glovo announced a $166 million Series E round led by Abu Dhabi state investment company, Mubadala
Madrid-based autonomous transportation startup Goggo Network raised $44 million in funding from SoftBank and Axel Springer Digital Ventures
Valencia-based IoT startup Witrac raised €3 million from Mundi Ventures and Goldacre Ventures
Madrid-based fintech startup Arbor closed a €3 million investment from FinRebel, The Tifin Group and Apex Capital Partners
Seville-based logistics platform Mox closed a €3 million round led by VAS Ventures
Madrid-based fintech startup Twinco raised €2.5 million
Barcelona-based neobank Bcn10 raised €1 million from various investors
Navarra-based startup TedCast raised €300,000 from various business angels
Madrid-based The Beemine Lab raised €280,000 via Startupxplore
Pre-seed investment platform tQuity raised €250,000 from PADEInvest and other investors
Madrid-based HR startup Nailted raised €170,000 from Big Sur Ventures and other investors
Wedding platform Zankyou raised an undisclosed round of funding
Barcelona-based Iomob received investment and partnered with B4Motion

Facebook confirmed the acquisition of Madrid-based cloud gaming startup PlayGiga. The size of the transaction was not officially disclosed. La Informacion wrote about the company's history
Investment banking firm Alantra announced the acquisition of three Spanish genetics companies to form a group with more than €25 million in annual revenues: Imegen, Genycell Biotech and Health in Code
Galician tech consulting firm Altia acquired Portuguese counterpart Noesis for €14 million
Galician biotech startup Mestrelab sold a majority stake to US-based Bruker. Mestrelab had revenues of more than €5 million last year

EU-Startups published a list of '10 Madrid-based startups to watch out for in 2020 and beyond'
An association called Startup Galicia put together a map of all of Galicia-based technology startups
According to La Informacion, BlaBlaCar's revenues in Spain have decreased to less than €1 million, its 2015 levels
According to El Confidencial, Circ and other e-scooter companies are having a hard time in the Spanish market, due to high levels of competition and local regulation
La Vanguardia says that Scytl has debt of more than €55 million and is looking for alternative financial sources or debt renegotiation to continue operating
Marc Caballe, CEO of Hubtype, published 'Building the contact center of the future'
Roboadvisor Indexa Capital increased its assets under management by 2.3 this year, up to €312 million
El Pais published a profile of Amuda Goueli, CEO and co-founder of travel startup Destinia
Public examination platform Opositatest claims to have increased its user base by 250% in 2019
Software development firm Marsbased published its 2019 review as well as its financials
Startup profiles: HessTec, Acqustic, Yuka

Inditex reported a 12% jump in net profit to €2.7 billion in the first 9 months of the year, helped by a rollout of stock-tracking technology and flagship store openings
Telefonica announced the directors of its recently created division Telefonica Tech
MasMovil gained more clients than other Spanish telcos in 2019, with 1.4 million more clients

Xataka interviewed Jonathan Chacón, a blind programmer, about his work
Jesus Monleon of SeedRocket published 'Fiscal planning before an exit or dividends'
Caroline Lagergren (Expand to Spain) wrote 'The Spanish tech startup ecosystem, frequently asked questions'