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Analysis of Spanish exits. BBVA invests €34 million in Atom Bank.

June 22, 2019 • Issue #56

Startup funding news

  • Gamelearn raised €2 million from Kibo Ventures
  • Fintech startup Finizens raised €700,000
  • Mobile marketplace 500Markets raised €500,000 from PDG Invest
  • Foodie&Tours raised €250,000
  • Ecohortum raised €135,000 on equity crowdfunding platform

Startup exits

  • Spanish startup exits (2005–2017): from emptiness to a decade of relative abundance

Investor & accelerator news

  • BBVA invested €34 million in Atom Bank, maintaining its position as the startup’s biggest shareholder
  • Pere Valles (Scytl) and other executives to launch a €1 to €2 million investment fund with the help of Intelectium
  • CDTI’s mess: two weeks to provide companies with €240 million
  • Kippel01 looked into the investment activity of media and TV companies in Spain
  • EGI Group and Conector to launch a new startup accelerator focused on the e-commerce sector
  • Mahou San Miguel is looking for startups to join its second acceleration batch
  • Interview with Luis Cabiedes of Cabiedes & Partners
  • Interview with Iñaki Arrola of K Fund
  • Interview with Jorge Dobón of Demium Startups

Startup news

  • eDreams Odigeo closed Q3 with almost €20 million in profit, a 78% YoY increase
  • Daniel Tallón, formerly of Just Eat, is Spotahome’s new CMO
  • The main players in Spain’s food delivery market
  • Hawkers and El Ganso joined a partnership to launch four exclusive glasses
  • Fintonic to start offering more insurance products
  • ExoClick launches fully customizable native advertising format
  • El Referente profiled FoundSpot, a company that helps people find lost objects
  • Food delivery startup Lola Market launched Lola Fresh with the help of Organizados
  • Interview with Javier Echaleku (Kuombo) about the e-commerce industry
  • Interview with Alejandro Artacho, co-founder and CEO of Spotahome
  • Interview with Javier Sánchez-Marco, co-founder of delivery startup Furgo

Big company news

  • Chema Alonso (Telefonica’s CDO) published an in-depth article explaining Aura, the telco’s last project
  • Amazon changed the conditions of its affiliate program: how could this affect startups that rely on the e-commerce giant to generate revenue
  • Christian Berté is Amazon’s new logistics director in Spain
  • Seat to launch a competitor to Car2go and Emov in Barcelona
  • Julio Faura (Banco Santander) speaks about the importance of blockchain in the banking industry
  • ImaginBank launched imaginBoard, a service to allow users to send money using IM products
  • Leroy Merlin about Amazon: “They have lower prices? But we pay taxes”
  • Inditex starts selling some products on Zalando
  • 70% of Spanish companies use Samsung mobile phones
  • 4YFN to launch a new conference in San Francisco

Interesting reads

  • Life after an exit: Cinco Dias talks to Jose del Barrio (La Nevera Roja), Luis Sanz (Olapic) and others about life after selling their companies
  • David Bonilla: when an employee decides to leave your company, does it make sense to counter-offer?
  • 4YFN 2017 review: bigger and more corporate than ever before
  • Jordi Romero (Factorial): Finding someone to risk it all together with
  • Itnig: Demystifying the product manager, and how to become one


  • Masquestartups interviewed Mireia Badia, CEO of Growly
  • K Fund interviewed Justo Hidalgo (24 Symbols) and Jordi Miró (former CTO of