RedPoints raised $20M. So did Cooltra. Typeform layoffs.
November 21, 2022 • Issue #345
Somos Minimalism, marca de ropa consciente.
Nuestras prendas no llevan logo, son duraderas y están fabricadas con algodón 100% orgánico y poliéster reciclado.
Llevamos años haciendo llegar nuestras prendas al consumidor final, pero queremos que sepas que también hacemos ropa para empresas. Es sencillo, cogemos nuestras prendas y las personalizamos con tu logo o frase de empresa.
Solo trabajamos con marcas afines a nuestros valores.
Ya hemos trabajado con marcas como Wible, Tucuvi, Rated Power, Triodos, Bizum, Managing Composiste, Google for Statups, Correos, Suunto, Igeneris, Abacum, Programmatic o Mailtrack.
Si quieres vestir a tu equipo con productos sostenibles y duraderos escríbenos a firstname.lastname@example.org.
Puedes hacer ropa para tu empresa de cualquier forma o puedes hacerla de forma consciente, tú decides.
Startup funding news 💸
- Barcelona-based Red Points, a startup that helps brands prevent counterfeiting, piracy and digital impersonators, raised $20M, led by IRIS
- Barcelona-based transportation company Cooltra raised €20M from existing investors. The company operates in 7 European cities and has a fleet of more than 9,500 cars and motorbikes
- Madrid-based emotional wellbeing startup ifeel raised €10M from investors led by UNIQA Ventures. Nauta, already an investor in the company, also participated in the round
- Barcelona-based vending machine and locker startup VACWAY raised €1.5M from Zamit Capital
- Other rounds of funding: Fudeat, Hippy Collective, CRUWI
M&A activity 🎊
- Atlassian-focused consulting firm atSistemas acquired Scottish competitor New Verve Consulting. atSistemas did €97M in sales last year, up 23% from the previous year
- SunMedia acquired adtech company Rich Audience
- VTC company Auro could be on sale, with both Cabify and Uber reportedly interested in paying as much as €200M for the company. Also last week, Cabify's CEO Juan de Antonio reiterated that an IPO is still on the table
Investor & accelerator news 🚀
- Mutuafondo Global Ventures is a new €100M fund launched by Mutua Madrileña to invest in tech and health startups
- 4Founders Capital, formerly known as SeedRocket 4Founders, said that it hasn't slowed down its investment space this year. So far in 2022 it has backed 12 startups. 4Founders first fund, of €12M, has been fully returned thanks to the Holded investment. With the current fund, of €50M and raised in 2021, they plan to make around 40 investments
- Valencia-based First Drop VC is a new €25M fund to invest in impact startups. Behind First Drop VC are Alejandro Valero and Manu Nieto, the Alma Capital Partners co-founders and their financial vehicle Alma Ventures
- CNMV has approved Iker Marcaide's investment management firm, Zubi Capital Asset Management. The firm's investment directors will be Lucas de la Vega and Carmen Pumariño
- Plug and Play said that it plans to launch several investment funds from its Valencia office, to invest all over Europe
- Startups' Oasis published two interviews with Miguel Arias and Jose del Barrio
- Pixlee TurnTo acquisition wins TheVentureCity their second big exit in just over a year
- Spanish/Israeli VC firm Cardumen Capital participated in the $14M round of Israeli startup Loops.ai
Startup news 💡
Minimalism lleva años haciendo llegar sus prendas al consumidor final, pero quieren que sepas que también hacen ropa para empresas, que personalizan con tu logo o frase de empresa. Si quieres vestir a tu equipo con productos sostenibles y duraderos, escribe a email@example.com
- Typeform announced layoffs that will affect a significant number of employees. The layoffs will impact around 30% of Typeform's employees based outside of Spain (which represent around 12% of a total staff of 450 people). In Spain, the company also announced an ERE but it's not clear how many people will be impacted by it. Typeform had the goal of growing revenues by 45% this year, but did not get there and that's what apparently triggered the layoffs. In March of this year the company raised $135M round and disclosed that it had around $60M in ARR
- Miguel Fernandez, CEO of Capchase, said that according to their data, SaaS startups that ignored VC advice to cut sales and marketing have been better off this year
- Interview with Yaiza Canosa, co-founder of logistics startup GOI. The company expects to do €60M in sales this year and employs 200 people, and currently focuses on the shipping of large items
- Talking about the current adtech landscape and macro situation, Paul Thompson, UK country manager of Spanish adtech company Seedtag, said in an interview that "the rest of the (adtech) market (outside of Meta and Google) will be net beneficiaries of brands looking for other options to drive greater value, differentiation, innovation and creativity.”
- How to reach the moon without polluting the atmosphere: how PLD Space is trying to develop renewable rocket fuels for space exploration. The Elche-based company also announced that it plans to invest €34M in a new manufacturing plant
- European publication Sifted put together a list of Spain’s fastest growing startups outside of Madrid and Barcelona: Sesame HR, Multiverse, Quibim, Triditive, Lookiero and Zeleros
- Food subscription service HelloFresh to launch in Spain
Big company news 🏦
- Movistar to increase prices in Spain by 6.8% starting in January
- Amazon announced the opening of another AWS region in Spain, in Aragon. More info here
- Uber launched in Spain One, a subscription for its delivery and transportation service
Interesting reads 🤓
- Samaipata published a post to help entrepreneurs write better investor reports: "How to nail investor relations for early stage founders (Part 1)"
- Cristina Carrascosa, founder of blockchain/crypto-specialized law firm ATH21, wrote "I've never had an entrepreneurial mindset". In the article she talks about the good and bad things of starting the firm and the lack of women in the sector
- Roldan Galan, staff software engineer at Glovo, published "How to apply DORA metrics for mobile development". DORA metrics refers to Deployment Frequency, Lead Time for Changes, Change Failure Rate and Time to Restore Service