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Clikalia gets $518m. CARTO and Playtomic raised big rounds too. Packlink acquired.

December 20, 2021 • Issue #298

La Bonilista, Suma Positiva y Dealflow se unen a Google for Startups para hablar del presente y futuro del ecosistema de startups.

Ya han pasado casi dos años desde que el mundo dio un giro. La forma de vivir, de trabajar y de hacer las cosas ha cambiado y, aunque poco a poco estamos volviendo a lo que antes conocíamos, muchos aspectos han venido para quedarse. ¿Qué han significado estos dos años para el ecosistema emprendedor? ¿Cuál es el futuro del trabajo ahora que hemos visto que el remoto funciona?

Muy pronto, nos uniremos a Google for Startups y a las comunidades de la Bonilista y Suma Positiva en un evento dinámico y con muchas oportunidades de networking, para debatir cómo han evolucionado las startups y las comunidades tecnológicas en este tiempo y cuáles son los desafíos y oportunidades que presenta 2022.

Casi dos años de eventos online significa mucho tiempo viéndonos a través de una pantalla, y ya tenemos ilusión de volver a interactuar en persona. Muy pronto, desvelaremos la fecha y localización de este meetup que esperamos signifique un nuevo comienzo.

Pre-regístrate aquí para no perderte las novedades y te avisaremos cuando desvelemos la localización y fecha.

Startup funding news 💸

  • Madrid-based proptech iBuyer Clikalia secured $518m in debt and equity. The equity part of the transaction ($70m) was led by Fifth Wall, and also included participation from Luxor Capital and Mouro Capital (Banco Santander). Deutsche Bank provided the nearly $450m in debt financing. Clikalia is currently at a run rate of over 1,800 properties acquired, which represents 7x to 8x growth versus a year ago
  • Madrid-based spatial analysis platform CARTO raised a $61m Series C round led by NY VC firm Insight Venture Partners. The EIF is also participating, as well as some of the company’s existing investors, such as Accel, Salesforce Ventures, Hearst Ventures, Earlybird and Kibo. La Informacion has more details here
  • Madrid-based Playtomic smashes Series C funding with a €56m raise for its tennis and padel app, led by GP Bullhound. More details on the round here
  • Sevilla-based H2B2 raised €8.8m. H2B2 is a technology-based company that builds systems based on electrolyzers for hydrogen production from water and electricity
  • Valencia-based crypto startup Criptan raised €3.5m
  • Barcelona-based fintech company ID Finance raised €3.3m to launch its own neobank, Plazo
  • Valencia-based data privacy startup QueryLayer raised €2m, led by Nauta Capital
  • Madrid-based edtech company Twenix raised €2m from JME, Inveready, Sabadell and Brighteye
  • Barcelona-based Elem raised €1.2m
  • Other rounds of funding: Videogaga, miResi

M&A activity 🎊

  • Madrid-based logistics startup Packlink was acquired by US giant Auctane (Stamps.com). Terms of the deal were not disclosed. Packlink, founded in 2011, had raised about $30m throughout the years and had seen a big boost in sales post-covid, with €136m in gross sales in 2020 and 140% year-on-year growth. Auctane is owned by PE firm Thoma Bravo
  • Nazca and Seaya Ventures paid almost €20m to acquire a 72% controlling stake in video on demand provider Filmin. Filmin had been bootstrapped up until then and reached €13.6m in sales and and €2m in EBITDA
  • Fotocasa to acquire big data company PixiePixel
  • Ticketing platform Wegow acquired Bracelit

Investor & accelerator news 🚀

  • Samaipata announced the final closing of its second fund, at €107m to invest in European startups. The firm has already made 8 investments out of this new fund. Samaipata plans to write €500k to €3m checks and will keep around 60% of the fund for follow-on purposes
  • Inveready has a new €50m fund focused on the telecommunications, health and energy sector. The firm says that they will invest in 5 to 7 companies
  • Debt fund Extension Fund to do a final closing at €35m
  • FOND-ICO disclosed the names of the 15 new funds that will receive €750m from the government as an LP. In the VC category, the funds are Alter, Athos, Bonsai, Bullnet and Swanlaab. In the incubation and transfer tech category, Antai, Axon, Faraday, Finaves and Nara
  • Arcano to launch a fund of funds of €100m to invest in VC

Startup news 💡

  • Indexa Capital turned 6 and published a summary of its development since being founded. The company currently has more than 48,000 customers and €1.3b in AUM. Indexa will finish 2021 with €2.7m in revenues and a profit of €600k
  • GoTrendier, the second hand clothing marketplace, to reach $40m in sales this year, a 150% year-on-year growth. The company expects to double sales again in 2022 and get to $80m
  • Spanish regulator CNMV has fined proptech crowdfunding platform Housers. The company has been involved in a lot of turmoil in the past few years, so this is not a big surprise
  • TheStreet published an interview with Carlos Domingo, co-founder and CEO of Securitize, to talk about digital assets, tokenization and the future of the company.
  • Madrid to test autonomous robots for food delivery purposes in certain neighborhoods of the city. The robots belong to Goggo Network, the robotics startup co-founded by Martin Varsavsky, and will complete deliveries for Glovo and La Gran Familia Mediterranea. More info here
  • Wallbox to open an office in France. Also on the international expansion front, Bit2me to launch in Portugal
  • Expansion wrote an overview of the insurtech sector, featuring various companies that have been recently launched that sell certain insurance products directly to consumers and businesses, such as Cleverea, Vitaance (K Fund portfolio co.) and others.
  • Topi is a Berlin-based B2B payments company that recently raised $4.5m in pre-seed funding from Index Ventures and Creandum. Topi's CTO is Spaniard Ernesto Jimenez, former Head of Engineering at GoCardless
  • Startup profiles:
  • Facephi: online identity verification
  • Pompeii: fashion ecommerce

Big company news 🏦

  • Inditex expects 25% of all sales to come from online. For more info on Inditex's latest financials, take a look at this week's edition of Nuevo Sector newsletter
  • Just Eat to pay riders a base salary of €15,200, with 30 days of holidays and 9 maximum daily working hours
  • Euskadi to allow consumers to pay their taxes using Bizum

Interesting reads 💡

  • Xataka published an overview of one of the major trends we've seen in the tech sector since the covid outbreak: as a result of remote work, companies see their talent pool increased, but competition from other well-funded companies (often from the US or Europe) makes it really hard to retain those same employees: "Talent wars in the tech sector are a challenge for many Spanish SMBs: it's harder than ever to retain senior talent". The article features David Bonilla (Manfred) and Jorge Barroso (Karumi)
  • Cris Carrascosa (ATH21) wrote a summary of what happened in the crypto space in 2021 and her predictions for 2022
  • Simón Muñoz (Voicemod) published "Effective communication with software engineers"

Podcasts 🎧

  • K Fund interviewed Pablo Pazos and Alvaro Gutierrez, co-CEOs of Barkibu
  • Itnig interviewed Alberto Lopez, co-founder of Genially, which has already reached €7m in ARR
  • Product Hackers published a special about pricing strategies in B2B, featuring Héctor García (Carto), Julio Pernía (Bdeo), Victoriano Izquierdo (Graphext) and Ana Asuero (Bdeo)

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