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MedLunics raised €34M. SeedRocket 4Founders is ready to invest €12M.

June 22, 2019 • Issue #59

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Startup funding news 💸

  • Madrid-based medtech startup MedLunics closed a €34.4 million round led by Ysios Capital and Caixa Capital Risc. It is, apparently, the largest round to date in the Spanish medtech sector
  • Russian and Spanish starutp NFWare raised €1.85 million from Telefonica Open Future and Wayra
  • E-commerce startup MeQuedoUno raised €800,000 from undisclosed business angels and family offices
  • Place to Plug, a startup that builds charging stations for electric vehicles, raised €125,000 on Crowdcube
  • Vigo-based automotive startup Xesol Innovation raised €40,000 from Udekta Capital

Startup exits 🎊

  • El Español talked to Homeserve’s CEO about the acquisition of Spanish startup Habitissimo for €20 million earlier this year
  • eShop Ventures has sold two of its stores, Mimub and Mamuky to Bilua. Terms of the deal were not disclosed. Kippel01 says the company will go into administration soon
  • Mom2Mom has acquired ParaBebes (Grupo Intercom) for €1.6 million. Mom2Mom had raised €536,000 earlier this year

Investor & accelerator news 🚀

  • SeedRocket 4Founders, the new €12 million VC fund managed by Javier-Perez Tenessa, Marek Fodor, Jesus Monleon and Marc Badosa, received final approval by the CNMV to start investing
  • The uncertain future of Startupbootcamp Barcelona. The IoT accelerator program might soon come to an end after three batches in the Catalan capital
  • Kibo Ventures explains why they’ve invested in German video startup Stoyo Media
  • Samaipata Ventures presented its framework for marketplaces
  • Interview with Ronan Bardet, managing director of EGI Group, an organisation that has just launched a new accelerator program in conjunction with Conector targeting SaaS startups building solutions for the e-commerce industry
  • El Referente interviewed Karel Escobar, managing director of Madrid-based accelerator Tetuan Valley

Startup news 💡

  • Cabify is betting on the release of more VTC licenses to increase the availability of cars in Barcelona. The company has only 50 cars in the city, but could have 500 by the end of the year. Cabify has also just moved to a new headquarters in Madrid, occupying El Mundo’s old office
  • Hemerotek profiled Bnext, a fintech startup that operates a marketplace of financial services. The company has just joined Plug and Play Spain accelerator and is raising €250,000 on Crowdcube
  • PcComponentes to open its e-commerce platform to allow third parties to sell electronics, copying Amazon’s marketplace model. The company also opened today its second retail store in Madird
  • The promising but difficult case of eCooltra in Barcelona, a platform to rent electric motorbikes
  • CornerJob says that revenues have increased by 5,000% in the past 5 months
  • Edtech startup Monkimun (Lingokids) has launched a feature to allow kids to learn English via video calls with native teachers
  • US edtech startup edX, a result of the collaboration between Harvard and MIT, is about to open an office in Barcelona that will serve as its European headquarters
  • Five former Santander executives have created a new equity crowdfunding platform, Fellow Funders
  • Lufe, the Euskadi-based startup that has sold more than €1 million in €30 beds
  • Deliverea starts 2017 with agreements with six different logistic companies
  • Grégorie de Lestapis, former managing director of BBVA in France, is Lendix’s new country manager in Spain. The P2P lending platform wants to intermediate 50 loans worth €10 million in 2017
  • Travel startup Waynabox announced that it has reached €5 million in gross sales since its foundation two years ago
  • Hemerotek wrote a short profile of fertility app Woom Fertility. The app has more than 70,000 registered users and 30,000 MAUs
  • has launched what apparently is the first marketplace for pharmacies with deliveries in just two hours

Big company news 🏢

  • Telefonica to invest €150 million to bring fibre connections to all companies in the Canary islands
  • Spanish telco companies increased their revenues by 3.7% in January 2017, compared to the same month a year ago
  • El Confidencial looks into Mango’s strategy to increase online sales from today’s share of 11% of all revenues to 20% . El Pais also wrote about it
  • Telefonica says its TV service, Movistar+, could soon get rid of ads on paid channels
  • Spain’s logistic companies reached sales of €1.1 billion in 2016 in services associated to e-commerce
  • Xataka Móvil interviews Chema Alonso, Telefonica’s Chief Digital Officer, to talk about the company’s fourth platform (Aura)
  • Kippel01 News has an interesting overview of the evolution of the telco employment market in Spain over the past few years
  • Tesla to install several electric vehicle charges at various El Corte Ingles department stores across Bilbao, Madrid and Barcelona. These are not Tesla’s superchargers
  • Mango’s clients to be able to choose the music playing at its stores using Shazam

Tech and policy 🎯

  • Izanami Martínez will step down as president of the ‘Asociación Española de Startups’. Carmen Bermejo, current VP, will serve as interim director
  • Valencia’s regional government has fined Airbnb, Homeaway and other similar companies for allowing apartments that have no tourism license on their platforms

Interesting reads 🤓

  • Daniel Lacalle published an interesting op-ed about European protectionism in the tech sector, arguing that what Brussels and local governments should do is worry less about taxing US tech giants and more about promoting new startups
  • El Confidencial talked to Juanjo Feijoo and Javier Cortes, VP of operations and financial controller, respectively, at Instacart, the San Francisco-based delivery startup that recently raised €400 million
  • ‘Things you won’t often hear about innovation in the taxi sector’: Sintetia has an overview of alternative taxi and transportation companies that are not often talked about
  • Jordi Romero (Factorial): My 5 jobs as a startup CEO
  • David Bonilla (Comalatech): Formwall
  • Lucas Carné, co-founder of Privalia, offers seven tips to entrepreneurs
  • Sexism at Mobile World Congress
  • Spain’s key infrastructures are, apparently, not as secure as many might think they are
  • Marina Zaliznyak (formerly of Packlink, now at Bliss Ventures): Should I stay or should I go? How to decide when it’s time to switch jobs

Podcast(s) of the week 🎧

  • MasQueStartups roundtable, with Startupxplore, Besepa, Aplazame, Tutellus and
  • Itnig: How to boost diversity in the Spanish startup ecosystem
  • StartUpLeon interviewed Marcos Camacho of Battever