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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