BBVA cuts by 70% the value of its first startup acquisition. Fever raised €5m.
June 22, 2019 • Issue #53
Startup funding news
- Fever raised €5 million
- Summus Render raised €1.6 million from Caixa Capital Risc and Inveready. Hemerotek has more info on the deal
- Tweet Binder raised funding from various investors
- More than 100 investors have shown interest in Galician tea company Kailani
- Comprea to try to raise €1 million
Startup exits
- Seaya Ventures sold part of its stake in Plenummedia to Publicar
- German company ShopCo acquired ZenShopping, an e-commerce startup founded by Spaniard Antonio Marzo
Investor & accelerator news
- Lanai Startup plans to invest between €10k to €75k in 10 startups per year
- Banc Sabadell launched Sabadell Selección Ventures I, a €30 million fund of funds
- Bankia Accelerator by Conector held its demo day
- Jose Maria Hernanz (JME Ventures): Exit — How much am I really getting if my company is sold?
Startup news
- Memondo Network: the business of virality, the two Catalans that make €900,000 a year with memes
- Tiendanimal grew its business by 50% in 2016, reaching €60 million in sales
- El Periodico profiled Meller
- Car marketplace Clicars reached €5 million in sales in its firs year of operations
- Pisamonas surpassed €7 million in sales in 2016
- Tu&Co reached €2 million in sales in 2016
- Marketing4Ecommerce ranked the most used mobile marketplaces in Spain
- LolaMarket to include more than 250 supermarkets from EnterBIO in its platform
- Interview with the founders of Inminute
- El Confidencial wrote about the rise in proptech startups
- Jordi Romero (Teambox, Redbooth) wrote about his new startup, Factorial
Big company news
- BBVA cut the price of the first startup it acquired, Simple, by 70%
- Caixabank launches the supposedly first banking chatbot in Spain
- Telefonica to reduce its debt by €3 billion, perhaps by selling Telxius
- Nest is now available in Spain
- Big Spanish companies invested an average of €4.2 million in digital marketing in 2016
- Airbnb doubled its business in Bizkaia in one year
Technology & policy
- Interview with BlaBlaCar’s country manager in Spain about the company’s most recent legal battle
- The ‘Canon AEDE’ is back: Cedro wants to charge €0.05 per monthly active user to Spanish content aggregators
- Airbnb to impose limits to to its activity in Barcelona, but the local government is still not happy
- Rojadirecta will have to shut down
Interesting reads
- 1,000 employees and an special client: the Spanish firm that produces keys for Tesla cars
- Private Equity firm Providence to acquire Real Madrid’s digital rights for €500 million
- E-commerce sales for groceries grew by 40% in the last quarter
- The .es domain registered an increase of 2.4% in 2016
- Javier García (Sintetia): the entrepreneurship bubble in Spain
- Alberto Barreiro (PRISA): blockchain and digital media
- Barcelona wants to open more buildings similar to Pier01