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Spanish investment landscape in 2016, Wallapop's monetisation plans and more

March 10, 2019 • Issue #50

Startup funding news

  • Madrid-based Logtrust secures $11 million from Kibo Ventures and other investors for real-time big data-in-motion analytics
  • Madrid and Valencia-based on-demand laundry startup Mr Jeff raised €2 million from business angels
  • Barcelona-based RocketROI raised €2 million. ADTZ, which had invested €1 million in the company a year ago, has sold its stake in the startup
  • Barcelona-based Chopit raised €300,000 from business angels
  • Murcia-based foodtech startup NIWA raised €230,000
  • Zaragoza’s startup Mentalpage raised €140,000
  • Madrid-based edtech startup Kuaderno raised capital from Cabiedes & Partners and Fides
  • GMV invested in Spanish satellite startup PLD Space

Investor & accelerator news

  • Spanish investment activity in 2016
  • The 17 investments made by Inveready in 2016
  • Sitka Capital completed 6 investments last year
  • Startups can now apply to Conector’s new accelerator program in Barcelona. Same applies to Bankia Accelerator by Conector
  • Axon Partners Group invested in Latam company ‘Renueva tu closet’
  • Caixa Capital Risk backed 90 companies in 2016
  • Brinc and Incubio announce semi-finalists for Reimagine Drone Incubator
  • The story of Demium startups
  • Interview with Adara Ventures MP Nicolas Goulet: “Spain is great for deep tech innovation”

Startup news

  • Cabify’s Spanish subsidiary had revenues of €5.4 million in 2015. The company increased its car fleet by 300% in 2016
  • Wallapop’s goal for 2016: to become profitable. The company Wallapop launched its first vertical, aimed at buyers and sellers of used cars in the platform
  • Hawkers diversifies, adds watches to its collection of products
  • Chicfy had to cancel its plans to increase fees due to user backlash
  • How Barcelona-based AI startup Wide Eyes powers Massimo Dutti’s recommendation engine
  • Interview with SamyRoad’s co-founder Patricia Ratia (fashion tech)
  • Tradeinn closed 2016 with €75 million in sales
  • Eelp! is the first startup to come out of Nuclio Venture Builder
  • ExoClick goes full programmatic with RTB
  • Interesting overview by El Referente of Spain’s insurtech ecosystem
  • Audio interview with Miguel Caballero (Tutellus)
  • WeblogsSL implements HTTPS across its publications
  • Interview with Pepe Agell, of Chartboost

Big company news

  • Should Francisco González lead the digital transformation of BBVA?
  • What’s up with Pepephone’s Latam expansion?
  • Telefonica and Indra are the favourite companies of the Spanish state to win public contracts
  • Current Spanish laws won’t allow Lidl or Carrefour to get rid of paper tickets
  • Telefonica’s price increase could be a consequence of overpaying for football TV rights

Interesting reads

  • Hemerotek is back
  • Spanish millennials make fewer online purchases than their European counterparts
  • CadenaSer wrote about the new type of jobs powered by on-demand startups: freelancers on bikes for €4.25/hour
  • Mar González Franco, the 31 year old Spaniard that powers Microsoft’s Hololens project
  • Samaipata Ventures: How to build a Seed to Series A business plan for your disruptive e-commerce
  • Spaniards still buy very few groceries online
  • David Bonilla wrote about Spanish media and content quality, in regards to coverage of tech topics: El Medio y el Fin