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the Spanish startup labour market. BuyFresco's post mortem.

June 22, 2019 • Issue #62

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Startup funding news 💸

  • Fintech startup Zank raised €490,000 on Crowdcube. The company is now valued at €5 million
  • Travel startup Stayforlong raised €250,000 on The Crowd Angel

Investor & accelerator news 🚀

  • Samaipata Ventures’ scorecard for media for equity deals
  • Bbooster announced the name of the five companies in its current batch
  • THCap is preparing a new €20 million fund
  • LVG has an overview of business angel activity in Galicia

Startup news 💡

  • BQ has created a new subsidiary to provide consulting services to other companies
  • Spanish fintech startup Pensumo wants to position itself as an alternative to help consumers save money
  • From Joyners to Telefonica: Kippel01 looks at companies providing services to the elderly
  • El Referente interviewed Luis Perez del Val, CEO of Lola Market
  • Ivan Cabezuela is no longer the Spanish country manager of German company Aklamio
  • InsightMedi and Temple University disrupt dentistry education with InsightDenti
  • Delvy Law & Finance interviewed Oscar Pierre, CEO of Glovo
  • Footters to use IBM Cloud Video to globally stream amateur soccer games
  • 5 Barcelona startups that are revolutionizing our food habits
  • Startup profiles: Graphext (business intelligence), Closca (hardware, bike helmets), Countercraft (security)

Big company news 🏢

  • According to Morgan Stanley, Inditex’s online sales in 2016 reached€2.1 billion. The company has never disclosed to date the size of its online business
  • Pablo Isla (CEO of Inditex) and Gonzalo Hinojosa have left Telefonica’s board
  • According to a study by SES Astra, more than one million homes in Spain could be already using Netflix
  • What are the companies that dominate the online gambling and betting sector in Spain? An analysis by El Español
  • Kippel01 interviewed Genís Roca, founder of consulting firm Roca Salvatella, about the evolution of retail and the influence of digital

Tech and policy 💂🏼

  • Eduardo Serra, former Spanish minister of defense, to lead DigitalES, the new employer’s association promoted by Telefonica, Vodafone, Orange or IBM
  • The CNMC decided to de-regulate the MVNO market in Spain, which could be bad for competition

Interesting reads 🤓

  • The Spanish startup labour market: David Bonilla, Jorge Schnura and Marc Monguió talked to El Español about current salaries for software engineers in Spain
  • Andy Areitio wrote a post-mortem about Spanish meal delivery startup BuyFresco: ‘A €1-million-lesson on meal kit delivery
  • E-commerce in Spain increased by 16,3% YoY in Q3 2016, up to €6.1 billion
  • The Spanish gaming industry reached €1.1 billion in revenues in 2016
  • Professors Joe Haslam & Daniel Corsten of IE Business School discuss the challenge of scaling up, the part after a startup gets Product Market Fit
  • According to La Vanguardia, Barcelona Activa has helped create more than 1,600 companies in 2016
  • 8 measures Spain can take to avoid losing millions of jobs to robots
  • Eneko Knorr: Why you shouldn’t invest in startups (although perhaps you should indeed do it)

Podcasts of the week 🎧