Tinybird raised $37M. Amenitiz got $30M. Spain late to the semis sector.
April 11, 2022 • Issue #314
Últimas plazas para el próximo The Startup CFO Academy
Fórmate en finanzas para startups de la mano de un equipo con experiencia contrastada en más de +70 startups y en fondos nacionales e internacionales.
El curso, de 12 semanas de duración, se realiza en formato online e incluye sesiones teóricas, resolución de casos prácticos y coffee chats. De esta forma los participantes pueden aprovechar al máximo la experiencia de un equipo senior como The Startup CFO de la mano de su CEO, Jaime Medina.
● Dominar herramientas necesarias para entender las finanzas de una startup ● Comprender las diferentes alternativas de financiación ● Profundizar en las rondas de financiación y su impacto en el largo plazo ● Modelar y entender diferentes modelos de negocio ● Diseñar modelos de reporting robustos internos y para inversores ● Participar en una comunidad de profesionales de las finanzas en startups
Además de los profesores habituales, Jaime Medina y Luis Fernando Robledo, esta edición contará con profesores invitados como Juvenal Cubiles (TSCFO), Jordi Vidal (Kibo Ventures), Alfonso Goiriz (Affirm) and José Manuel Person (ScaleUP Finances).
Preinscríbete sin compromiso y además de la información sobre el curso te enviaremos una sesión totalmente gratis sobre "Cómo hacer el business plan de una startup en una hora".
Startup funding news 💸
- Madrid-based revenue-based financing company Ritmo raised €200M in debt financing
- Treinta, a Bogota-based startup co-founded by Spaniards Lluís Cañadell and Man Hei Lou, raised $46M
- Madrid-based Tinybird raised $37M to run realtime analytics APIs for you, led by Silicon Valley investor CRV and French VC Singular Ventures. More on the announcement here
- Barcelona-based Amenitiz, which sells SaaS for streamlining the administration of independent hotels and B&Bs, raised a $30M round led by Eight Roads
- Madrid-based Savana raised $25M to make clinical research more powerful with big data. The round was led by Conexo
- Barcelona-based automotive startup Cafler raised €5M, led by Seaya
- Madrid and Donostia-based Voovio raised €2.6M for its simulation software
- Madrid-based Libeen closed a €2.5M round to bring smart housing to millennials. The round was led by German fund Cusp Capital
- Madrid-based fintech startup Wiserentr raised €1.6M from BBVA and Anthemis
- Barcelona-based satellite telecom operator Sateliot raised €1.5M
- Madrid-based real estate equity crowdfunding startup Housers raised €1.5M
- Packfleet, a London-based logistics startup co-founded by Spaniard Hugo Cornejo, raised £8M from Creandum and other investors
- Other rounds of funding: Plenna, Reveni, Unibo, Greyhounders, Booboo, Thytech, Magistral, Crow Bicycles,
- Startups looking for funding: Qoala
M&A activity 🎊
- All Funds acquired Web Financial Group, providers of wealth management software, for €145M
- Spanish call center company Konecta to merge with Italian firm Comdata. The resulting entity will have sales of €2B and ebitda of €300M
Investor & accelerator news 🚀
- One more profile of Atresmedia and its startup investment activity. The media-for-equity venture arm saw returns of 4X and 10X in Wallapop and Glovo, respectively, and currently owns around 10% of Fever, which was recently valued at more than $1B
- Venture builder 7r Ventures has raised €50M
- El Español interviewed Fernando Dal Re of The Venture City, to talk about the current investment climate and other topics
- All Iron Ventures participated in the €10M round of French startup HeyTeam. Kibo participated in the $15M round of Singapore-based fintech startup Gotrade
- Navis Capital to launch a $40M fund to invest in US biotech and medtech companies
- Andbank to launch Actyus Fintech, with a target size of $60M to invest in fintech companies in Latam, Europe and the US
- El Español published a profile of Aquilino Peña, co-founder of Kibo Ventures. Last week it was also the last one of Aqulino as president of ASCRI
Startup news 💡
The Startup CFO has launched a new academy program to learn all things finance, aimed at both startups and investors. You can find more information here
- "The Malaga tech ecosystem and the problem of too much optimism": this is an article in Diario Sur about the challenges that the local ecosystem faces (talent, office space, etc) and how having a short term mentality to tackle them can be negative
- PC Componentes unveiled Unilae, a marketplace for non-tech products, to diversify its business. At launch it had 250K SKUs
- Voicemod, the Valencia-based voice modification software company, was profiled here. The company has been operating for more than a decade and has found significant traction among streamers and gamers. According to official filings, in 2020 it had more than €6M in revenue and last year it grew by 50%. In the article, CEO Jaime Bosch, speaks about the opportunity that they also see in the B2B sector
- Digital signature company Signaturit grew revenues by 29% last year, to €18.5M. Signaturit got acquired a couple of years ago by PE firm Providence
- JJ Velaz, founder of Kosmo, published a thread to explain the company's progress on team and product in the past three months. Kosmo makes it easy for businesses to enable express deliveries
- Seqera Labs, a Barcelona-based startup that has built a platform for collaborative data analysis at scale, said it has increased revenues by +800% in 2021 and has 50 commercial clients, including 8 of the world’s top 20 pharma companies
- Sifted published a negative article on Glovo, titled "Trouble at Glovo: how ‘good vibes’ turned into a nightmare". Oscar Pierre, CEO, replied to the journalist on a Linkedin post and said: "This is very poor journalism. It's either bad research work or wrong intentions, or both"
- Tech consulting firm Sngular reached revenues of €60M in 2021, up 30% YoY, and with a net margin of 15%
- Jeff launched its own chain of coffee stores. They expect to have 25 in Spain by the end of the year
- El Mundo profiled Nozama, a Madrid-based company that helps others sell on Amazon. Last year it had sales of €36M
- Spanish fintech startup Abaco to partner with Uber in Colombia to provide credit scoring and risk profiles to its drivers
- German aerospace startup Lilium, developer of the first all-electric vertical take-off and landing jet, announced that it has begun the next phase of flight testing in Spain
- Startup profiles:
- Taxdown: tax filing for personal income tax
Big company news 🏦
- Indra spent €41M last year in 7 M&A transactions, mostly involving other consulting businesses and also some product initiatives. The company -and the Spanish government, which owns part of Indra- has also mentioned in recent times that it wants to give more relevance to its defense businesses
- In early March, Iberdrola suffered a cyberattack that could have affected the personal data of 1.3M customers
- Why a 35-year-old travel IT company decided to slash its technical debt: an article on Amadeus' transition to the cloud
Interesting reads 🤓
- Spain plans to invest $12.4B to develop microchips and semiconductors in a bid to modernize its tourism-dependent economy. Xataka explains why that number is too low when put into context
- The no-code revolution is flourishing in Spain. What happens next?
- Samuel Gil, JME, wrote "the tech opportunity in Latam"
- Simon Muñoz, platform product manager at Voicemod, published "The worst possible product manager"
- Meritxell Calvo, backend engineer at Kelisto, published "Database normalization"
- Alejandro Frias, developer at Cabify, published a post about their frontend stack