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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.

¿Qué aprenderás?

● 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 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

Podcasts 🎧

  • Soldo interviewed Huw Slater, COO of Travelperk
  • Itnig interviewed Albert Nieto and Jorge Poyatos, co-founders of Seedtag
  • Novicap interviewed Javier Lopez, former co-founder of Erasmusu
  • SeedRocket interviewed Daniel Andreu, co-founder of AgroSingularity
  • Marsbased interviewed Quino Fernández of AticcoLab

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