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Devo raised $100M. Odilo picked up $64M. Javier Olivan Facebook's COO.

June 6, 2022 • Issue #322

¿Estás enfocado en el crecimiento de tu startup, pero hay factores que no te dejan avanzar? ¿No consigues tener el control sobre tus finanzas? No te preocupes, no eres al único que le pasa, conocemos a muchas startups en la misma situación.

Desde Lean Finance ofrecemos servicios de CFO, integrándonos con tu equipo para ayudaros a tener el control de las finanzas y aportando información siempre accesible, visual e intuitiva para controlar la evolución del negocio y mejorar la toma de decisiones.

¿Usas Holded? nos integramos con ellos para tener la información sin esperar al asesor contable.

Y, si necesitas servicios de asesoría fiscal y contable, contamos con un partner. ¡Despreocúpate de tareas administrativas, nos encargamos de todo!

Conoce a nuestro equipo en nuestra web, accede a nuestras herramientas de finanzas para startups o pídenos una demo gratis.

Startup funding news 💸

  • Madrid and Boston-based cloud-native logging and security analytics company Devo raised $100M at a $2B valuation. French firm Eurazeo led the round. Spanish firm Kibo Ventures also participated in the round. More details here
  • Murcia-based Odilo raised $64M as its white-label e-learning library passed 8,500 customers and 170M users. The round was led by Bregal Milestone. More details here
  • Barcelona-based biotech company Minoryx Therapeutics raised $51M to complete commercialization of its CNS drug
  • Barcelona-based Parlem Telecom raised €6M from Inveready
  • Madrid-based music platform Colkie raised €2M. More about the company here
  • Madrid-based Komon raised $2M to launch NFT-accessed creative communities. Several Spanish investors participated in the round, including Samaipata, Adara and Inveready. Sebastian Fernandez, formerly of Samaipata, wrote about the launch here
  • Jaca-based Dersu, an app to connect people to the mountains and enjoy outdoor activities, raised €1M led by K Fund. We interviewed CEO Borja Delgado in our podcast
  • Other rounds of funding: Kilimanjaria, Dedomena, Webtrans, Imperia SCM, Plazy, Rebaila, Brickfy

M&A activity 🎊

  • Ecommerce company Hannun is getting a lot of interest from investors ahead of its IPO on the BME Growth. The company, which posted sales of €1.6M in Q1 2021 and also an improvement in its gross margin, has received interest from investors to acquire €22M in shares, up from the €8M it expected
  • Indra (Minsait) acquired Extremadura-based identity verification company Mobbeel. Terms of the deal were not disclosed
  • Madrid-based fertility startup Woom was acquired by UK's first virtual fertility clinic Apricity
  • ALTAI Soft, a consulting firm specialized in accounting and financial solutions for SMBs, got acquired by the Spanish division of Zucchetti

Investor & accelerator news 🚀

  • Bilbao-based VC firm All Iron Ventures rolled out a €30M fund of funds to invest in European VCs. More details here
  • Samaipata hired a new senior principal, Arnaud Bakker, to boost their UK presence. Arnaud previously worked at Speedinvest and JP Morgan
  • Demium announced the launch of a new €5M fund in collaboration with professional football club Valencia CF to invest in sports startups
  • Mundi Ventures participated in the €19M round of London-based insurtech company Urban Jungle
  • Startups' Oasis published an interview and profile of Miguel Nigorra, partner at Fifth Wall, one of the world's leading VC firms focused on the real estate market. Fifth Wall has more than $3B in assets under management
  • El Español interviewed Santiago Dominguez of Bio&Tech Smart Capital, a Galician €50M fund that aims to invest in biotech companies mostly in Galicia
  • One more article about the current market situation and how it could affect fundraising for startups. Business Inside talked to several local investors about the topic
  • Sifted published a ranking of Spain's top early-stage investors
  • Novolabs put together a report on what they consider to be Spain's top 15 accelerators, including information on terms for startups, length of programs, etc

Startup news 💡

  • Albert Molpeceres, co-founder of Devengo, wrote a thread to explain the company's pivot, from a payroll advancement service to an instant payments API
  • Factorial launched Desky, a product that provides organizations of all sizes a flexible, modern workspace to accommodate the growing demand for hybrid working
  • Lleidanet said that Banco Santander and SEPI coordinated sales of Lleidanet's stock a couple of years ago, which according to the former caused a 42% drop in its stock price
  • Gaming skills marketplace Gamestry announced several key hires as it tries to get to 10M users
  • Bit2me and Inveready presented a new crypto hub that will provide services to Spain-based startups in the sector through a venture builder (Wagmi) and a crypto startup accelerator
  • Iker de los Rios promoted to managing director of Spain at Fintonic
  • German SaaS procurement solution Saastrify closed a €14M round and announced plans to double down on the Spanish market
  • Startup profiles:
  • Onirix: augmented reality SDK and APIs
  • Wikiloc: community for outdoor activities

Big company news 🏦

  • Facebook parent Meta COO Sheryl Sandberg is stepping down. Her replacement as COO is Spaniard Javier Oliván, who was profiled here
  • Google to open a sales and marketing office in Barcelona
  • HubSpot is expanding to Spain. It's looking to hire multiple people here and plans to open an office in Madrid
  • Capgemini to open a software development and cybersecurity centre in Malaga
  • Digital consulting firm Cognizant announced plans to hire 1,000 people in Spain in 2022

Interesting reads 🤓

  • Interesting article on a topic that is more common than ever today: How to work from Spain as a contractor (freelancer or full time employee of a foreign company)
  • Jaime Bosch, co-founder and CEO of Voicemod, published "For the metaverse to grow, mobile digital identities are necessary"
  • Mind The Bridge published a report and comparison of Madrid and Barcelona startup ecosystems
  • Views interviewed Jose Fernandez Da Ponte, senior vice president and blockchain lead at PayPal
  • Maria Eugenio, junior data operations engineer at Clarity AI, published a post on DBT

Podcasts 🎧

  • Minimalism interviewed Eduardo Ortiz, co-founder of Fuell
  • SeedRocket interviewed Javier Perez-Tenessa, co-founder of eDreams and 4Founders Capital
  • Product Hackers interviewed Daniel Espejo, head of Spain at Klarna
  • Startasap interviewed Ruben Ferreiro and Guille Llibre of Housell and Viko, respectively, as well as Lanai Partners
  • Itnig interviewed Lucas Martínez, co-CEO of Talent.com

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