Build Genuine Connections with Europe’s Top LPs and GPs!

Join us for the 0100 Conference Mediterranean, taking place in Milan from October 28-30. This exclusive event offers a unique opportunity to connect with leading PE and VC investors from renowned firms such as 500 Global, AlpInvest, AltamarCAM, Astorg, Atomico, Ardian, Balderton, Banco BPM Vita, Golding Capital Partners, Dawn Capital, EIF, H.I.G. Capital, Lakestar, LocalGlobe, Lunelli Holding, Merseyside Pension Fund, Morgan Stanley, Octopus Ventures, Paladin Capital Group, SOSV, Top Tier Access, Unigestion, and many more.

Get your ticket with a 15% discount using the code DEALFLOW15 click here.

Essential Information About the Conference:

The 0100 Conference Mediterranean offers a curated, boutique space to engage with international industry leaders. If you want to explore extra exposure options, please contact laura@0100conferences.com.

Startup funding news 💸

• Osapiens, a software platform that provides supply chain visibility and sustainability compliance, raised $120M. The company is based in Munich, but founded by Spaniard Alberto Zamora, who is also CEO
• Barcelona-based Wallbox completed a strategic capital increase of €45M, led by Generac Power Systems
• Madrid-based Geodesic raised €14M from Moira and CDTI. With the investment, Moira will own a 49% stake in the company. Geodesic develops Geodesic tech for water treatment, conservation and regeneration. More info here
• Other rounds of funding:
• Silk: €700k, payments software for both tenants and property managers
• Speakspots: €200k, AI for travel planning

M&A activity 🎊

• Tech consultancy firm Seidor sold a 60% stake to Carlyle. According to Expansion, the deal values Seidor at €800M to €900M. The founders of the company (the Benito brothers; Josep, Andreu and Santiago Benito) and other executives will control the remaining 40% stake. Seidor, founded in 1982, specializes in providing tech services to businesses and public entities, generating €894M. The company expects to reach €1B in sales this year, and EBITDA of €80M. More info here
• Also on the tech consultancy front: according to Cinco Dias, Babel is in the final stages of being sold to Mubadala, the investment arm of Abu Dabi. The deal could reach €300M. Babel did €150M in sales last year, and expects to reach €220M in 2024. Most of Babel is owned by the founders, with just a 30% stake in the hands of investment firm Aurica Capital

Investor & accelerator news 🚀

• Sponsored
  0100 Conference Mediterranean is an event taking place in Milan in late October that presents a unique opportunity for PE and VC LPs and GPs to meet and develop meaningful relationships. If you’re fundraising for a new fund, you should check it out. If you use the DEALFLOW15 code, you’ll get a 15% discount. More info here
• Inveready reached €52M in the first closing of its new fund, surpassing its original target of €40 million. The fund, which aims to reach a final size of €80 million. On the topic of new firms and funds, Expansion wrote an overview of the sector, which has been quite active in terms of fundraising in the past few months: “Los fondos vuelven a armarse de nuevo capital”
• Spanish investors active abroad:
• Bird Eats Bug, a Berlin-based company backed by Nauta, got acquired by Browserstack
• Profile of Splight, a US-based renewable energy startup backed by Red Electrica

Startup news 💡

• Javi d'Erausquin, co-founder of US startup Gala Health, published a thread on how to “How to Successfully Move to the US 🇺🇸 and Start Your Own Company”
• Cubbo, the Mexican logistics startup co-founded by Spaniard Ignasi Vegas, publicly shared their latest investor report: “Invested $378K to Generate $13.5M”
• CEO Diego Ballesteros announced the launch of Linda, an AI platform from BEWE, designed to help small businesses through real-time data analysis, image generation, advanced technical support, and task automation
• Voicemod launched an SDK for its 'Sing-to-Sing' AI voice technology, allowing users to alter singing voices in pitch, timbre, and tuning
• Various profiles published in August:
• Exottica and TravelPerk were featured in an article highlighting recent fundraising efforts from both Barcelona-based travel tech companies
• Coinscrap: fintech that offers software for financial planning to banks and insurers
• DocExploit: cybersec startup specialized in DevOps environments
• Leemons: SaaS platform that facilitates the creation and management of data-driven learning experiences for schools and companies

Big company news 🏦

• Spain's competition authority (CNMC) fined Booking.com $413M for abusing its dominant market position by imposing unfair terms on hotels and restricting competition from rival travel agencies. Booking.com holds a 70% to 90% market share in Spain. The Dutch firm will appeal. More info here
• Digi has advanced in the sale of part of its Spain’s fiber optic network to Onivia for €750M after receiving approval from the EC
• Online revenue accounted for 13% of total sales of Decathlon in Spain in 2023. Total sales were €2.1B
• Amazon has imposed a new requirement for its sellers in Spain, requiring a Commercial Liability Insurance with a minimum coverage of 500,000 euros starting from September 1, 2024
• Ikea launched Ikea Preowned in Madrid, a marketplace that allows customers to buy and sell used furniture among themselves

Interesting reads 🤓

• Miguel Carranza (RevenueCat) reflects on his journey from a teenager in Spain to now co-leading RevenueCat from Southern California
• Miguel Arias (Kfund) wrote “El corporate venturing en España, un viaje hacia la innovación abierta”

Podcasts 🎧

• Nova Podcast interviewed François Derbaix (Indexa, Bewater)
• Itnig interviewed Joaquin Cuenca (Freepik) to chat about their recent AI product launches
• Historias de Crecimiento interviewed Emily Gonzalez (Froged)