En 2020, EQT tomó el control de Idealista valorándola en 1.325 M€. En 2024, tras optimizar operaciones, mejorar tecnología e impulsar su expansión internacional, cerró su venta a Cinven por 2.900 M€. Este es el tipo de operaciones que realizan los fondos de Private Equity y en las que han invertido históricamente los inversores profesionales.

Ahora podrían estar a tu alcance, pero si quieres entender primero cómo funcionan estos fondos, Crescenta te lo facilita con su guía “Private Equity en detalle: definición, cómo y por qué invertir”.

Descarga la guía

Startup funding news 💸

• €10M+ rounds:
• Revel, the Madrid-based car subscription company, closed a €120M+ deal led by Openbank, combining debt and equity. Revel expanded into Italy this year and targets 30,000+ clients and ~€70M revenue in 2026.
• Titan OS, the Barcelona-based smart TV operating system, raised $46M in equity and debt, with the participation of BlackRock, Highland and Mangrove
• Kabilio, the Barcelona-based AI platform for advisory firms (asesorías) and their clients, raised €10M in a round led by Picus Capital and Visionaries Club
• €1M to €5M rounds:
• Alpha Unmanned Systems, a Madrid-based maker of unmanned helicopters and dual-use subsystems, closed €4M in financing backed by Cesce, Banco Santander, Bankinter and BBVA
• Momoven, a Castellon motorcycle rental platform, raised €3.5M
• BIOM, a biotech spin-off from Universitat Pompeu Fabra, raised €2M in a round led by Swanlaab, with existing investor BeAble Capital. It develops biological agri-tech products

M&A activity 🎊

• Online identity merger completed. Dutch company Fourthline and Spain’s Veridas closed their merger, which was announced in the summer. The combined company targets over €50M in revenue in 2026
• Madrid and US-based Copado acquired Valo.ai. Copado has flown under the radar for a long time, and last raised at unicorn valuation in 2021

Investor & accelerator news 🚀

• BBVA Spark reached €1.5B in committed financing for high-growth tech companies.
• Spanish investors active abroad:
• Seaya co-led an $80M (€71M) Series C in Pliant, a Berlin-based B2B payments company. It is the first deal from Nova, Seaya’s new €1B fund (€600M first close). More info here
• Plus Partners participated in a €2.7M pre-seed round in CyberKord, a Milan-based cybersecurity company

Startup news 💡

• Murphy AI appointed Dmitry Zlokazov, former product lead at Revolut, as co-founder. Murphy now plans to expand beyond debt collections into the full credit and receivables lifecycle
• Interesting interview with the founders of Harbor, which helps companies manage the risks of their AI agents. Founded by 3 Spaniards and with employees in the US and Spain, it recently raised $10M
• Interview with David Villalon, CEO of Maisa, the startup that builds auditable “digital workers” for critical processes in banking, insurance and energy
• Indexa Capital Group reported a €3.5M profit for the first 9 months of 2026, up 119.8% YoY. Assets under management or advisory reached €6.29B (+61%).
• Abacum launched Abra, an AI agent built into its AI-native financial planning platform. More info from CEO Julio Martinez here. We (Kfund) are investors in Abacum
• Mafer AI, an AI R&D stack for the chemical and consumer goods industries, partnered with Grupo Bimbo, the world’s largest baking company. We’re investors in Mafer
• Autonomous vehicles are heading to Madrid’s streets:
• Cabify confirmed its intention to enter the market, joining Uber and Bolt
• Mutua Madrileña became the 1st Spanish insurer to cover autonomous vehicles, insuring the initial 20 robotaxis deployed by Uber

Big company news 🏦

• The Spanish government continues to use El Pais to influence the opinion of the general public on the topic of data centre developments in Spain. El Pais published this week two articles titled “El Gobierno alerta de que la luz se triplicará con la entrada descontrolada de ‘data centers “ and “La factura de la luz se encarecerá en 2.000 millones al año si fracasa el decreto de centros de datos “. No honest debate or even attempt to explain the pros and cons of data centre development. Sad…
• Openchip, the Barcelona-based RISC-V chip designer, saw its funding round unravel this week:
• ACS paused talks to buy a 40-51% stake
• Spain’s SETT, which had planned to invest €116M for a ~16.5% stake, withdrew its contribution and is now looking for private co-investors.
• The move puts at risk nearly €100M in bank guarantees. Openchip could face insolvency unless a new investor emerges. Only Catalonia’s Generalitat remains committed
• Chinese retail giant JD.com is preparing its entry into Spain and Portugal. It hired Jacobo Ahmad Fontán, former head of Amazon’s consumer electronics division in Europe, to lead its Spanish activity

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Interesting reads 🤓

• Ignacio Cordova (HappyRobot) published “The Great Forward Deployed Engineers”.
• Felipe Basurto published “The travelling salesman problem, with prices ” on Viajante, his open-source MCP server that gives AI assistants live flight and hotel prices from Google Flights and Booking.com
• Exploitables published “PHP2Shell: cuando el motor revienta antes de que tu código exista”
• Manel Velasco (Factorial) published “The SaaS moat is moving: I rebuilt Wispr Flow in a week (Part I)”.
• Feli (@felipe99rios) built repsol-cli, an open-source, unofficial command-line tool to order bombonas de butano