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Startup funding news 💸

• €10M+ rounds
• Barcelona-based wind propulsion company bound4blue has closed a $44M (€37.8M) funding round to accelerate the decarbonization of the maritime sector
• Fintech Denarius, which provides financial solutions for the healthcare sector, has successfully closed a second funding round of €11.2M
• €5M to €10M rounds
• Spanish-French startup Ray Studios, a chain of tattoo removal centers, closed a €10M funding round led by Factory Capital and Nickleby Capital
• Zynap, a Barcelona-based company specializing in preventive cybersecurity, secured €6M in a seed extension led by existing investors Kibo Ventures and Kfund. This all-equity injection brings the total funding to €12M
• €1M to €5M rounds
• Elderly care services company Qida secured €4M in venture debt financing from CaixaBank’s Venture Debt fund and DayOne division
• Madrid-based Algori, which offers a consumer purchase and behavior data platform for the Fast-Moving Consumer Goods (FMCG) industry, closed a €3.6M additional funding round.
• London and Barcelona-based healthtech Punto Health raised a $2.7M seed round co-led by Shilling VC and Plus Partners. The investment will be used to scale its AI-powered platform for dementia and cognitive care across the UK and Spain
• Vigo-based Vig-Sec Drone, specializing in advanced airspace management and secure drone integration for critical environments like defense and emergencies, closed a €1M funding round led by Encomenda
• Barcelona-based Manglai, which uses AI for corporate environmental management, closed a €1M investment round led by Acurio Ventures
• Other rounds of funding:
• FYLA, a Valencia-based startup specializing in ultrafast laser-based wireless communications, secured investment from Indraventures, which now holds 24.8% of the company. This is the first deal from Indra’s €200M fund focused on dual-use technologies

M&A activity 🎊

• Details of Cobee and Forcemanager’s exits. French firm Pluxee has already paid €174M for benefits platform Cobee (€154M upfront plus a €30M earn-out tranche), with a final €20M earn-out payment pending in 2027. UK-based Sage acquired the CRM software Forcemanager for £30M (approx. €35M), integrating it completely into its Spanish structure; Forcemanager contributed £5M to Sage’s revenue in the last fiscal year
• Madrid-based PropTech Libeen, which facilitates home ownership for younger generations through a rent-to-buy model, is going public on the Portfolio Stock Exchange and aims to raise €100M in debt/equity in the coming months.

Investor & accelerator news 🚀

• Former Groupon Spain CEO Ferdinando Meo and ex-Enel executive Gianfilippo Mancini have launched a new venture capital fund, Corbites Fund II, targeting up to €150M. Managed by Abante, the fund will invest in deep-tech and climate technology solutions
• The Spanish Ministry of Industry and Tourism has provisionally allocated €30.5M from the second call of the PERTE CHIP fund to 33 new projects across 10 autonomous communities. One notable beneficiary is Multiverse Computing, which is set to receive €12.7M for critical infrastructure chip design
• Spanish investors active abroad:
• Kfund invested in Colombian accounting and GA services company Numbi
• JME participated in the €10M round of Italian cybersecurity company Equixly

Startup news 💡

New startups and product launches

• Nacho González-Barros, the founder of Infojobs, has co-founded a new startup, Hirevoice, which uses voice-based AI to conduct the first round of job interviews
• Internxt launched “Internxt AI,” a conversational AI model positioned as Spain’s first 100% sovereign alternative to US/Chinese giants, focusing on absolute privacy
• Indexa Capital is set to enter the private markets with the launch of “Indexa Private Markets 2026,” a fund-of-funds. The vehicle will accept investments from €10k for Indexa Capital clients. The fund will invest 60%–90% in private equity funds, 10%–20% in private debt, and up to 20% in infrastructure funds

Startup financials

• Filmin, backed by Seaya Ventures and Nazca Capital (who control 84% of the capital), is seeking to consolidate its position amidst the accelerating global M&A activity in the streaming market, despite its owners having failed to secure a sale at an estimated €50M valuation earlier this year. The company, which is profitable and is regarded as the “Gallic village” of Spanish streaming, is expected to surpass €30M in revenue this year, maintaining a growth trajectory from the €26.7M earned in 2024
• Spanish mobility company Cabify has quantified the financial benefit of its ESG projects, announcing they contributed €12M to its EBITDA in 2024, representing 36% of the total.
• Lleida-based circular economy startup Recomotor, which sells used car parts online to professionals, acquired its fifth salvage yard in Spain. The company reported €4M in sales in 2024 (a 33% increase)
• Payflow, which specializes in allowing employees to access their accrued salary on demand, announced it will not pursue new equity financing rounds. The company, which has raised over €20M to date, is profitable and plans to double its current team of 110 employees by 2026

Other news

• Interview with Wallapop’s CEO Rob Cassedy. Wallapop got acquired by existing shareholder Naver a few months ago, valuing the company at €650M, but some other existing investors are pushing back on the deal because they don’t think the valuation was fair. Wallapop has 19 million MAUs
• Bit2Me strengthened its management team ahead of its 2026 international expansion goals. Pablo Campos (ex-Google, Telefónica) joins as the new Chief Operating Officer (COO), while co-founder Andrei Manuel transitions to Co-CEO, focusing on global strategy
• NATO has selected six Spanish companies—Fossa Systems, VIG-SEC Drone, XRF.ai, ATOM H2, Alias Robotics, and Kreios Space—to participate in the next cohort of its Defence Innovation Accelerator for the North Atlantic (DIANA) program
• Pablo López Gil-Albarellos, Head of Trade Republic in Spain and Portugal, revealed that Spain is the company’s fastest-growing market, now accounting for over 1 million clients, meaning “one in ten European clients is Spanish

Big company news 🏦

• Santander has paid its Global Head of Consumer Business, Nitin Prabhu, who joined form PayPal, a total of €3.36 million in stock bonuses during his first year with the bank. Also, the bank announced that it has strengthened its tech division with two senior hires: José Luis Bellosta, ex-Intrum España, joins as DG of Santander Digital Services, and Felipe Peñacoba, former global CIO at Revolut, becomes CEO of Payments Hub

Batir a largo plazo al mercado es complicado, y poca gente lo consigue. Si además no tienes tiempo o conocimientos para invertir en bolsa, lo mejor que puedes hacer es utilizar Indexa Capital .

Interesting reads 🤓

• El Referente published its ‘Top 25 AI Startups to watch for 2026’ list
• Javi Santana (Tinybird) published “Recortes 2025”
• Felipe Talavera (ex Flywire) published “My Week in New York: The Future of Code Arrived Early”