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SalesLayer raised $25M. Idoven got $19.8M. Breega opens Barcelona office.

June 27, 2022 • Issue #325

This is Yolodoor, the domestic smart door that receives your purchases so you don't have to stay at home. Yolodoor is an armored door designed in aluminum whose main features are to have a mechanic gate of 30x40cm and an automatic tray that supports 15Kg.

We have developed a solution that integrates into every home, reduces the environmental impact and offers freedom to the consumer.

Yolodoor is the only smart-global solution integrated into the home to receive and return purchases without intrusions and displacements.

Leave home, you are free.

Startup funding news 💸

  • Valencia-based SalesLayer raised $25M to make inroads into the US. The round was led by PeakSpan Capital with participation from its Series A investors, including Swanlaab and Bright Pixel. SalesLayer sells Product Information Management (PIM) software. More on the deal here and an interview with CEO Alvaro Verdoy here
  • Madrid-based Idoven, developers of AI heart disease prediction tech, raised a $19.8M co-led by New York-based Insight Partners and London-based Northzone. The company wrote about the deal here, and Northzone did so here
  • Madrid-based helmet manufacturer LIVALL raised €4.2M, led by Sevenzonic
  • Zaragoza-based fashion brand Paris/64 raised €2.5M
  • Barcelona-based startup Buo raised €2M, led by Mangrove. Buo is a social commerce app that helps people save money when buying groceries
  • Madrid-based energy startup Samara raised a €2M pre-seed round, co-led by Seaya and Pelion Green Future. The company is on a mission to accelerate the clean energy transition in households
  • Kosmo raised €1.5M, led by us at K Fund. The company, which is mostly remote and founded by Spaniard JJ Velaz, is building logistics infrastructure, starting with an API for (express) last mile delivery. JJ wrote about the deal here
  • Valencia-based Fourvenues raised €1M
  • Other rounds of funding: Flame Analytics, Glucovibes, Vidext,
  • Startups looking for funding:
  • Yolodoor
  • Emerita Legal

M&A activity 🎊

  • Temp work platform Jobandtalent made the third acquisition of 2022 with a deal for UK job matching AI startup Jump.Work. Jobandtalent has acquired more than 10 companies to date, to complement its international expansion strategy
  • Freepik acquired UK company Videvo, adding audio and video to its growing content portfolio. The company expects to make more acquisitions in the near future to complement its core business
  • French consulting firm Devoteam acquired Bilbao-based IT security consulting firm BeClever

Investor & accelerator news 🚀

  • French VC firm Breega announced a new €250M fund and the opening of an office in Barcelona. Isabelle Gallo, head of European venture at the firm, said that "by opening up our new Barcelona office, Breega is now able to fully integrate and serve the increasingly dynamic Iberian tech ecosystem where we’re seeing a lot of new and highly promising tech startups."
  • Javier Rubio, co-founder of Nauta Capital, to launch a new €20M fund to invest in startups
  • Inveready said in a press release that they sold their shared in Odilo in the company's last round, resulting in a 10X multiple on its investment
  • Health tech fund Nina Capital participated in the $21M Series A round of Swedish startup Elypta. Nina was already a shareholder
  • Spanish and Israeli fund Cardumen Capital co-led a Series A round in AI semiconductor developer company NeuReality with Samsung Ventures
  • Mundi Ventures completed two international deals: Artificial and Hokodo
  • Samaipata invested €3M invested in French startup Sqawd

Startup news 💡

  • Interesting interview with Joaquin Cuenca, CEO of Freepik, to talk about the development of the company after the acquisition by EQT, the evolution of the Malaga tech ecosystem and his opinion on why tech salaries increasing lately is not an issue. I agree with his comment about salaries
  • Efren Alvarez, co-founder of foodtech Wetaca, said that they expect to reach €15M. The company launched a subscription service not too long ago and it already represents 70% of all sales
  • As a result of Klarna's decision to lay off 10% of its employees, the buy-now-pay-later company will stop plans to open a 500-person development centre in Madrid
  • Gorillas plans to shut down operations in Spain. According to Business Insider, employees have complained about chaos at the company. I always take these stories with a grain of salt. Not because what BI claims is not true (it probably is!), but I honestly think you can publish a negative story on any kind of company/startup and find unhappy employees
  • Fashion, lifestyle and ecommerce brand Minimalism reached €1.5M in sales since its foundation and wrote a post to explain how they finance the bootstrapped business
  • Startups' Oasis published a list of Spanish web3 startups
  • Bernat Farrero, co-founder of Factorial, said in an interview that in the current market situation, sales and growth efficiency is key
  • Home Automation company Airzone to invest €8.5M in a new production centre in Malaga
  • Marc Coloma, CEO of plant-based protein company Heura, talked about sustainability and what's driving people to consume non-meat protein
  • Life insurance startup Getlife to expand internationally, starting with Germany

Big company news 🏦

  • I have to admit I haven't followed the whole Indra story very closely. The summary is that the government intervened in a takeover supported by Amber Capital, replacing several members of its board, including the head of the independents, Alberto Terol. La Informacion has more details about the developments here. The CNMV says that the movements by the Spanish government are worrisome. Indra's stock fell -23% just last week
  • Google News is once again available in Spain
  • Carrefour's products to be available on Uber Eats for delivery
  • Lenovo to invest €7M in Barcelona's Supercomputing Centre

Interesting reads 🤓

  • IAB Spain, the advertising association, published a report on ecommerce trends in Spain
  • Profile of Elena Gomez de Pozuelo, co-founder of Womenalia and active business angel
  • Cesar Tapia, PM at Carwow, published "Identifying, Prioritising, and Testing Assumptions"

Podcasts 🎧

  • Product Hackers interviewed Hector Mainar, of Futbol Emotion
  • Itnig interviewed François Derbaix, co-founder of Indexa Capital
  • K Fund interviewed Pierre Becerril, co-founder of Transparent
  • SeedRocket interviewed Marti Manent, co-founder of (
  • Life on Mars interviewed Joan Boixadós, founder of Everyday