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Jobandtalent raised €100m. Spain agrees on labor reform. Repsol acquired Gas Energia.

March 15, 2021 • Issue #259

En 2020, siendo un año tan difícil, Enisa concedió más de 500 solicitudes de préstamos por importe total de €83m, confirmándose como un instrumento útil para la creación e impulso de startups y pymes innovadoras.

2021 se caracterizará por haber menos financiación bancaria, habrá menos liquidez disponible. Una particularidad es que habrá una gran oportunidad gracias al aporte de los Fondos de Recuperación Europeos con la apertura de nuevas líneas de financiación en Enisa.

En Lean Finance somos especialistas en conseguir tu préstamo sin avales con las mayores garantías posibles. Gestionamos todo el proceso, desde la fase de admisión hasta el momento del cobro, quitándote carga de trabajo para que te centres en lo importante: tu empresa.

Si estás en ronda y estás pensando en cofinanciar con Enisa no dudes en contactar con nosotros para una consulta gratuita.

Startup funding news 💸

  • Madrid-based digital temp staffing company Jobandtalent raised €100m from SoftBank's Vision Fund. This is the first Vision Fund investment in a Spanish startup to date. It brings the total raised by the company in the past few months to €271m, including equity and debt financing. According to Jobandtalent, it reached €500m in sales last year and posted positive EBITDA
  • Jesus Martinez of La Informacion published an article about Spain's 2021 hot start, led by big rounds from Wallapop (€157m) and Jobandtalent. According to data from Ascri, those two rounds combined account for one third of the total amount raised by Spanish startups in 2020
  • Madrid-based tax automation startup TaxDown raised €2.4m in seed funding. The round included the participation of new investor FJ Labs, as well as other prior backers
  • Other rounds of funding: TogetherPrice, SeedCash

M&A activity 🎊

  • Repsol announced the acquisition of energy company Gas Energia. Terms of the deal were not disclosed
  • Online education company Proeduca to buy digital marketing educational program KSchool for €4m
  • Caroline Lagergren of Expand to Spain published 'The 2 biggest startup exits in Spain 2020 from the same relentless buyer, why?'

Investor & accelerator news 🚀

  • Invereday to launch a new €20m fund to invest in companies on the BME Growth and AIM alternative markets
  • Expansion published a long profile of Demium, the startup incubator/accelerator launched by Jorge Dobon
  • El Español profiled Laura Gonzalez-Estefani, co-founder of investment firm The Venture City
  • EBN and AyG to launch a €100m fund to invest in US pre-IPO companies
  • New EU regulation could allow more European equity crowdfunding platforms to invest in Spain. Since it seems like this EU laws will be more flexible than local ones, some Spanish crowdfunding platforms are not too happy about the move and believe it could be a case of unfair competition. More details about the situation here
  • All Iron Ventures participated in Preply's new $35m Series B round. The online tutoring marketplace is headquartered in Ukraine but has a product and development office in Barcelona, with more than 175 employees
  • Cyprien Hall of VC firm Samaipata published 'How much should you raise at Seed stage?'

Startup news 💡

  • Ecommerce and lifestyle brand Minimalism publicly disclosed the reporting email they send on a monthly basis to investors, employees and stakeholders
  • According to the CNMV, Indexa Capital was the only Spanish roboadvisor that posted a profit in 2020, of €45k
  • Jeff signed an agreement with real estate company White Investing to make its franchise business accesible to more people. As a result of the €20m partnership, opening a Jeff franchise could cost around €19k for some people, a decrease of between €20k to €40k
  • El Pais published a profile of Frenetic, the Madrid-based startup that has developed online simulation software for high frequency magnetics. Airbus, HP, Siemens and Indra, among others, are clients of the company
  • Business Insider interviewed Stephen de Vries and Cristina Bentué, co-founders of security startup IriusRisk. The startup has developed software that allows companies to manage application security from inception to production
  • The same publication also profiled Passporter, the app that helps users plan their trips and share them with a larger community
  • El Español profiled IoT startup Kiwanda, a software and services company dedicated to solving the inventory and traceability problems of companies. The company provides it services to pharma multinational Bayer, among others
  • Cabify goes the last mile, jumps into the logistics game. Beginning this April, Cabify will offer this last mile service to retailers across every industry within the Spanish, Argentinian, Colombian, Chilean, and Peruvian market
  • Biotech company Iomed announced the launch of a new product, Compass, an interface that allows answering a very simple question, but very important for decision-making: how large is a cohort that meets certain inclusion and/or exclusion criteria? The answer is Real World Data added, in just moments
  • You might have noticed that in the past few months, a bunch of companies have diversified their main business models with the launch of dark stores (Glovo, for example) and a bunch of pure dark store companies have also come to market. In some cases, this is causing issues amongst neighbors. El Confidencial has more details about this here
  • Barcelona Tech City continues its expansion in the Catalan city. The organisation plans to open new campuses focused on fintech and healthtech startups
  • This is not a startup per se, but still a very cool story. A Madrid-based pharmacy increased its online sales by 600% and its overall business by 37% during the pandemic as a result of launching its own ecommerce business and hiring a team of four developers
  • Startup profiles: Fuell, Botslovers, AliasRobotics, Payflow

Big company news 🏦

  • Vodafone fined €8m for violation of Spain's data protection law
  • Amazon Fresh is now live in Barcelona. The service was launched in Madrid about a month ago
  • Software development firm Globant to open an AI centre in Malaga, where it plans to hire 200 people
  • GSMA plans to hold Mobile World Congress in June in Barcelona. Following the announcement, several tech companies (Facebook, Ericsson, Nokia, Sony, Oracle) have disclosed that they do not plan to attend MWC

Tech and policy 💂🏼‍♂️

  • Spain agrees on labor reform that will recognize delivery platform riders as employees. Not only that, but it also seems as if companies might be forced to disclose to authorities how some of their algorithms work, mainly those associated to the assignment of jobs to riders. Cinco Dias has the reaction of several companies affected by this legislation, including Stuart, Just Eat and others. El Pais has more details about the law

Interesting reads 🤓

  • Eduardo Manchon (Mailtrack) published an op-ed in El Confidencial: 'Obsessed with work: the problem are not the lazy ones, but those that work too much'
  • David Bonilla published 'Security by culture, not by design'
  • Meri Camps of K Fund published 'Female entrepreneurship: grounds for optimism'
  • Mar Cabra, former investigative journalist and part of ICIJ where she won a Pulitzer Price, wrote an article about 'the dark side of technology-fueled stress'
  • NovaTalent published a list of who they consider to be the 111 most promising young Spaniards

Podcasts 🎧

  • Ion Cuervas-Mons interviewed François Derbaix, co-founder of Indexa Capital
  • En.digital interviewed Carlos Otermin, COO of Lazada
  • K Fund interviewed Ivo Campos and Julien Hennico of Ivicuo, to talk about marketing ops

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