Koa Health raised €14m. Fintech sandbox. All Iron Ventures final closing.
November 9, 2020 • Issue #241
Aticco is an innovative ecosystem for entrepreneurs, startups and established companies where the growth of projects and the creation of real connections within community members are fostered.
Aticco offers flexible workspaces to accommodate companies of different sizes, from freelancers to large teams.
With six locations in Barcelona’s top districts, Aticco just opened its first space in Madrid. Aticco memberships are designed to offer companies maximum flexibility, avoiding rigid conditions and high initial investments. Aticco takes care of all the office-related management so companies can fully focus on their projects.
If you're looking for a great place to work from, check Aticco's website for more information.
Startup funding news 💸
- Barcelona-based Koa Health, a digital mental healthcare provider, has announced its successful spin out from Alpha, Telefónica’s startup factory, along with a €14.1 million in new funding
- Sevilla-based Galgus, providers of software solutions to increase WiFi connectivity and reach, raised €2.5m led by GED Capital. Mundi Ventures and GoHub Ventures also participated in the deal
- Alicante-based aerospace startup Emxys raised €2m from Mundi Ventures and CDTI
- Vigo-based ALiCE Biometrics raised €1.5m from Mundi Ventures, Xesgalicia and other investors
- Donosti-based biomedicine startup Naru Intelligence raised €1m from Clave Capital
- Other rounds of funding: Inbrain Neuroelectronics, United Gamers
M&A activity 🎊
- Spanish startup Agile Content h as made an offer to acquire Swedish company Edgeware for €28m
- Mouro Capital, venture arm of Banco Santander, participated in DriveWealth's Series C round
Investor & accelerator news 🚀
- Bilbao and Madrid-based All Iron Ventures announced the final closing of its first fund of €66.5m, the largest debut VC fund in Spain to date, and it’s done so without any help from public investment institutions
- La Informacion looked into the various changes introduced by Telefonica in its venture division, which includes the opening of its cybersecurity investment arm (Telefónica Tech Ventures) to third-party investors
- Expansion published an interview with Luis Cabiedes about his investment trajectory as founding member of Cabiedes & Partners
- Cataluña's ICF (Institut Català de Finances) has invested €11m into 30 startups since the beginning of 2019, through debt and equity
- Alberto P. (Inversor Directivo) wrote about his learnings after investing €300k in startups as a business angel
Startup news 💡
Looking for your next office space, whether it is for yourself or your company? Take a look at Aticco's flexible programs and spaces in Barcelona and Madrid
- El Confidencial wrote an article titled 'Spanish companies that are being bulldozed by big tech', with includes an analysis of the increasing leverage that tech giants such as Google, Amazon or Facebook have against smaller startups, mostly due to them being the main source for user and customer acquisition
- Andres Bou and Marc Canaleta, co-founder and CTO of gaming startup Socialpoint respectively, announced that they're both leaving the company after more than 10 years
- Indexa Capital to open its first international market, Belgium. Indexa's roboadvisor currently manages €600m in assets. One of Indexa's competitors, Finizens announced last week that it's dropping fees on its pension plan product
- Xataka published an in-depth overview of the virtual kitchen or dark kitchen market, featuring companies such as Booh! Food, Cuyna or Instamaki (acquired by Glovo)
- Fashion brand Laagam announced a new interesting way to approach sales. Customers will be able to bid on certain products, in a sort of 'pay what you want' scheme
- Transparent, provider of vacation rental data and K Fund portfolio company, published a series of articles looking into Airbnb's market data ahead of its IPO
- Carlos Pierre of Badi talked in an interview about the impact of covid in the rental market and the performance of some of the company's most recent products, such as deposit-free rentals
- Business Insider wrote about the acquisition of Vilynx by Apple and why the tech giant could be interested in the technology developed by the Spanish startup
- Sports ecommerce company Deporvillage said it expects to close this year with €110m in sales, up 100% from last year
- Business Insider also profiled Tranxfer, a Barcelona-based startup that claims to have built a secure way for companies to send and receive files
- Laura Urquizu, CEO of Red Points, was interviewed by Business Insider to talk about how the pandemic has affected its business (if at all) and why they believe their more tech-centric approach to detecting fraudulent products is a better proposition for brands
- Todostuslibros.com is a new ecommerce that aggregates the catalogue of Spanish book stores, in an effort to compete against Amazon and other big retailers
- Startup profiles: Shasta
Aticco has just launched new flexible workspace plans adapted to the current situation, such as the Multiuser Corporate plan. This allows hybrid teams to only contract a certain number of desks and duplicate the number of their users with no additional fee.
Enjoy a 20% discount for 6 months with the code: Dealflow
Big company news 🏦
- Indra continues to negotiate cuts in its employee base. According to La Informacion, layoffs will mostly affect its technology consultancy, Minsait, as more than 1,000 could be let go
- Amazon published some activity numbers of Spanish SMBs on its platform. According to the company, more than 9,000 SMBs sold products via Amazon last year and 50% of them sold products to international users, combining for €450m in international sales, up 12,5% year-on-year. More than 300 stores sold more than €1m each
- How El Corte Ingles is adapting its logistics strategy to compete with Amazon. Here's another article about the same topic, but in this case about how Correos wants to compete against the tech giant
- According to Cinco Dias, El Corte Ingles' online sales in the first half of 2020 were already 56% higher than in all of 2019
Tech and policy 💂🏼♂️
- The Spanish fintech sandbox has been finally approved. In theory, it will allow local fintech companies to test and launch their products and services faster
- The national government wants to impose a 5% tax on all revenues generated in Spain by video on demand companies such as Netflix, HBO and others. This tax will only affect companies that have revenues of at least €50m in Spain. The amounts collected will be used to finance local production of audiovisual content
- The head of Spain for e-scooter company Lime wants the Spanish government to establish a nation-wide regulatory framework for the regulation of urban mobility services, thus helping city council and smaller regions establish common rules that affect this type of businesses
Interesting reads 🤓
If you're a senior developer interested in learning about DevOps, you should take a look at GeeksHubs Academy's latest online DevOps bootcamp. A 12-week program with teachers from some of Spain's best startups to learn the ins and outs of DevOps. If you signup and you mention that you found out about the program on Dealflow, you'll get a 50% discount.
- Spanish researchers at MIT created an AI model that detects asymptomatic Covid-19 infections through cellphone-recorded coughs
- Interesting article about the strategy that the Canary Islands could adopt with the goal of attracting digital nomads as well as employees of tech companies that can work remotely
- Eduardo Manchon (Panoramio, Mailtrack) published an op-ed about the work of big consultancy firms in the development of technology solutions: 'Consultancy firms are killing the industry'
- Dani Latorre (formerly of Zara, Devengo) published 'DevOps principles: The Three Ways'
- Gerard Olive (Berepublic, Antai) wrote about the privacy implications of technology used to fight against covid
- K Fund interviewed Martin Varsavsky
- Acelerando Empresas published two new episodes, an interview with Xavier Font (Ship2B) and another interview with Antonio Bustamante (CheKin)
- En.digital interviewed Carlos Polo of NTS Solutions and Salsa Bastarda
- Itnig interviewed Daniel Lopez of Bitnami
- MarsBased interviewed Anna Gener, CEO of Savills Aguirre Newman Barcelona