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Citibox raised €100M. SETT and CDTI on fire. Langai acquired.

April 27, 2026 • Issue #510

Que tu equipo tenga licencias de ChatGPT no es suficiente. Ayúdalos a que sepan usarlas con criterio.

Tu equipo ya usa ChatGPT. Pero para sacarle partido, no basta con pedirle que redacte textos o que realice búsquedas puntuales. Aprender a automatizar tareas te permitirá liberar tiempo de verdad y optimizar costes.

En zenital ofrecemos una primera formación básica sobre ChatGPT y una segunda más avanzada, diseñadas para directivos y equipos que quieren pasar de “usar IA” a desarrollar capacidad operativa, mediante:

  • Anatomía de un buen prompt
  • Análisis de datos
  • Deep Research
  • GPTs personalizados
  • Gobernanza y seguridad de los datos
  • ¡Y más! ¿Comentamos tu caso en una breve llamada? Ponte en contacto con nuestro equipo aquí.

    Startup funding news 💸

    • Citibox, the Madrid-based smart locker company, raised €100M in a mix of equity and debt, per Ecotechers. Infrastructure fund Ithaka (led by ex-FCC execs) contributed €55M in equity and €30M in debt; the remaining €15M came from convertible notes by Pedro Tortosa (Onum co-founder) and others. The deal is anchored by a pan-European commercial agreement with Amazon to become its locker partner across key markets. Citibox generated ~€60M revenue in 2025 with ~200 employees
    • Incapto, the Barcelona-based coffee company, raised €10M from British food investor McWin alongside Cardumen Capital and Lever VC. Founded in 2020, Incapto sells coffee machines and subscription coffee beans, generating €14.85M revenue in 2025
    • Punto, a Madrid-based company that automates administrative procedures with public administrations using AI, closed a €2M funding round led by Samaipata. Punto is led by Patrik Bergareche (formerly of Just Eat) and Javi Escribano (Ontruck)
    • Predictheon, a Barcelona-based startup that helps anesthesiologists monitor patient data and predict surgical complications on a single screen, closed a €1.8M round
    • Spacebackend, a Luxembourg and Spanish aerospace engineering startupthat streamlines hardware-software integration for mission-critical systems, raised €1.8M from Bynd, Athos and DraperB1
    • Eaship, a Valencia-based SaaS platform for industrial manufacturers, raised €1M in seed funding led by Swanlaab Venture Factory
    • BASE4 Biosciences, the Barcelona-based biotech company, closed a $1M pre-seed co-led by us at Kfund and Baobab Ventures (Carles Reina). BASE4 combines blood samples with AI models to assess tissue-level health and biological age before symptoms appear
    • SeniorDomo, the Barcelona-based advanced telecare platform and UOC spin-off, closed a funding round led by Bcombinator. SeniorDomo’s autonomous smartwatch that detects falls, health anomalies and emergencies in real-time

    M&A activity 🎊

    • Lang.ai, the Spanish-origin AI startup founded by Jorge Peñalva (spun off from Séntisis in 2018), has been acquired by US customer support automation platform Capacity ($60M ARR, profitable in 2025). Lang.ai raised ~$12.5M (Series A led by Nava Ventures, with Mundi Ventures) and pivoted from ML-based ticket classification to agent analytics on Snowflake after LLMs commoditized bots. Founders and early employees held 30-40% of equity. Price undisclosed; Mundi Ventures had it on the books at ~€35M. This is Capacity's second Spanish acquisition after Barcelona-based Verbio
    • Izertis acquired Barcelona-based cloud specialist ACKstorm (€16M revenue, 50 employees) and Madrid consultancy SADE (€4.1M revenue). ACKstorm holds top-tier AWS and Google Cloud partnerships, while SADE specializes in Oil & Gas solutions

    Investor & accelerator news 🚀

    • Activity from public institutions:
    • Spain’s SETT (Digital SEPI) is racing against time to deploy hundreds of millions in EU funds before summer 2026 deadline. The state-backed investor has executed 17 deals totaling ~€200M in startups, with notable investments in Multiverse Computing (€59M) and Universal DX (€30M), plus €250M committed to VC funds, making it one of Spain’s most active investors
    • CDTI Innvierte committed €53.4M in 20 startup co-investments and €141.6M in 4 fund vehicles since January 2026
    • Two new funds announced:
    • Langre Tech, a new growth equity fund backed by Merus Capital (CIMD Intermoney spin-off), is raising €50M to back profitable Spanish tech companies. Founded by ex-Alantra colleagues Antonio Giménez de Córdoba and Daniel Calleja, the fund targets companies with €0.5-1.5M EBITDA and aims to scale them to €5-7M
    • The Basque Government launched Hazten Scale-up, a €50M VC fund to accelerate Basque startups in their scale-up phase
    • Carina Szpilka, my colleague and Kfund co-founder, published “Despejando la X: diez años creciendo y ayudando a crecer”

    Startup news 💡

    • Wallbox is reshaping its board and finances as it navigates a full restructuring. The EV charging company added two new directors representing key shareholders. The restructuring plan is backed by 80%+ of creditors, pending court approval in Barcelona
    • Mr Jeff executives including CEO Eloi Gómez were acquitted of fraud charges by Valencia’s Court of Appeals. The court found “not even remotely” evidence of a crime. The tribunal ruled that Mr Jeff operated a legitimate business with real structure, employees, and franchisee training, attributing conflicts to normal business risks rather than criminal conduct
    • Urbanitae grew 42% in Q1 2026 to over €70M in transactions (vs ~€50M in Q1 2025). Core equity and debt project financing hit €64M (+30% YoY)
    • Indexa Capital reached €5B in assets under management and 150k clients after 10 years
    • Nova Recruiter launched its agentic talent sourcing platform after a private beta that hit €100k+ ARR in 30 days with 300+ companies waitlisted
    • Bit2Me registered with CNMV as a tied agent to expand beyond crypto into traditional investment markets. The Spanish crypto platform will launch Bit2Me Invest, offering access to over 3,000 investment funds, 5,000 stocks, and 4,000 ETFs
    • Clikalia secured a major contract to manage Fidere’s 5,000-unit rental portfolio across 47 buildings in Madrid
    • Easor, a Finnish collaborative accounting software spinoff from Talenom, targets €20M revenue in Spain over five years. Easor operates in four countries and sees Spain as its second-largest growth market after Finland
    • Interesting experiment from RevenueCat. They acquired a subscription app doing ~$5M ARR not to pivot, but to use as a live testing lab for new features without risking customers’ revenue
    • Profile of 2 startups that recently raised big rounds of funding:
    • Profile of Lace Lithography, the Norwegian-Spanish startup co-founded by Spaniard Adrià Salvador Palau, which just raised €40M led by Atomico. The company is developing atom-based lithography machines that could use ~100x less energy than conventional EUV systems, potentially challenging ASML’s dominance. Pilot fab expected early 2027, production-scale by 2030. 50 employees across four European offices
    • Profile of Quiver AI, the Barcelona-born, SF-based startup building AI-native vector graphics for brand identity. It recently raised $8M from Andreessen Horowitz with Kfund participating. Quiver generates scalable SVG logos, icons and infographics using its own foundational model (Arrow 1.0), trained in-house on proprietary GPUs

    Big company news 🏦

    • Prosegur Crypto partnered with Nuek, Indra’s payment infrastructure unit, to develop digital payment solutions using stablecoins and tokenized assets across Europe and LatAm

    Interesting reads 🤓

    • Manfred published its 2026 salary benchmark for software engineers in Spain. Spanish version here. Spicy take from Javi Sánchez (Rebolt): a VP of Engineering at a Spanish company earns roughly the same (~€120K) as an entry-level engineer at a US/global firm. More in his tweet and in the replies
    • Alex Lopez, CS student, wrote about his experience at Project Europe’s hackathon in Barcelona: “We Finished 2nd at Project Europe”
    • Txema Rodriguez (Jobandtalent) published “Platform teams aren’t overhead, they’re what keeps your AI engineering from turning into chaos”

    Podcasts 🎧

    • Interview with Andreas Mihalovits, one of Spain’s most active business angels, based in Marbella

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