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Nauta Capital closes $170m fund. Q1 2017 was the most active quarter in Spain’s young history.

June 22, 2019 • Issue #63

Startup funding news 💸

  • According to Kippel01, Cabify is in the process of raising a €500 million round and could have already closed half of the amount
  • Energy startup Dexma has closed a €1.2 million round led by Inveready
  • Colvin is a marketplace connecting flower farmers and consumers. The company has raised €700,000 from Samaipata Ventures
  • Travel startup Stayforlong raised €400,000 from business angels
  • Travel startup UnSheeping has raised €280,000
  • Proptech startup Propertista raised €130,000
  • Uzzet and Sttorybox raised a combined €94,000 on equity crowdfunding platform Lignum Capital
  • Universia (Banco Santander) has invested in Beroomers

Investor & accelerator news 🚀

  • Nauta Capital closes out $170 million third fund
  • Spanish funding activity in Q1 2017: the most active quarter in Spain’s young history
  • VR and AR accelerator Oarsis to open a program in Madrid
  • New study that looks into the social and economic impact of Enisa’s activity
  • Nao Ventures is a new Sevilla-based accelerator focused on the tourism and travel sector
  • Expansion interviewed Jose del Barrio, former co-founder of La Nevera Roja and now a Venture Capitalist at Samaipata Ventures

Startup news 💡

  • How Typeform is scaling their culture in hyper-growth
  • Malaga-based Freepik is one of the larger startups in Spain that has been flying under the radar for quite some time. El Español profiled the company, which had €8 million in revenue last year and posted a net profit of €3 million
  • 21 Buttons has a new board of directors, which includes Jose del Barrio (Samaipata Ventures) and Nader Sabbaghian (360 Capital Partners)
  • Take Two takes control of Social Point and will mantain its brand, at least for now
  • E-commerce news profiled Shoppiday, a loyalty e-commerce startup
  • Doctoralia reached more than 140 million users in 2016
  • InstaVets, an on-demand vet service, is now live in Barcelona
  • Madrid-based location intelligence startup Geoblink has launched in France
  • Housfy is the last company to come out of Nuclio’s venture builder. The startup wants to disrupt the real estate agency market
  • Transportation marketplace OnTruck has turned one year old. The company has more than 100 clients using its platform and 1,000 carriers
  • Interview with MrJeff’s co-founder and CEO Eloi Gomez. The on-demand clothing cleaning service has also started sponsoring Valencia’s CF female team
  • N26, the German online and mobile-first bank, now allows SMEs and freelancers to use the service in Spain
  • E-commerce startup Tradeinn had sales of €25 million in Q1 2017, up 50% year-on-year
  • Miami-based AI startup Cien plans to hire up to 100 people in Barcelona
  • El Referente profiled Tabili, a startup that promises to fix your broken phone in 30 minutes
  • E-commerce News interviewed Fernando Cabello, co-founder and CEO of Aplazame
  • 6 Barcelona startups that are changing fashion through technology
  • El Español profiled food tech startup Wetaca

Big company news 🏢

  • Amazon Pay is live in Spain. Xataka has a good breakdown of what this means for the local e-commerce companies and what consumers can expect from the service
  • Amazon and El Pais signed an agreement to deliver physical papers through Amazon Prime Now. Retailers are not too happy about it
  • One of every €10 in revenue from Inditex come from online sales
  • BBVA was able to make money transfers from Mexico to Spain in seconds, thanks to blockchain technology
  • How banks are trying to win the attention, and euros, of Spanish millennials
  • German giant Bosch plans to launch an on-demand motorbike service in Madrid and Barcelona, similar to Car2go
  • Car2go against Emov: the economic battle between the two car-sharing giants
  • ZTE to reorg its business in Spain after it lost MasMovil as a client
  • Talking about MasMovil, the telco is about to hit a market cap of €1 billion in Spain’s MAB (Mercado Alternativo Bursatil)

Tech and policy 💂🏼

  • Spain’s regulator CNMV approved the creation of a sandbox so that fintech startups can test their products of services without having to obtain a full license
  • The CNMV will also hire 50 people to try to lure companies out of the UK and to be based in Spain
  • eBay and PayPal paid €720,000 in taxes in more than 10 years in Spain
  • Vozpopuli interviewed Ciudadanos’ Toni Roldán to talk about startups and regulation

Interesting reads 🤓

  • Galicia: a technology ecosystem that deserves more attention
  • El Confidencial published a series of articles about the impact luck has on entrepreneurship and building companies. The first one by Miguel Ferreira (Red Karaoke) and second one by Juan Dominguez (ADTZ)
  • Carlos de Otto wrote an article about the dark side of entrepreneurship: when things don’t go well
  • David Bonilla: ‘Open the door‘ – the motives behind teaching your kids how to (or why) code
  • Inc magazine wrote about Barcelona’s startup ecosystem: ‘This unsuspecting European city could become Silicon Valley’s biggest rival’
  • Spanish scientists are furious with the current government and cuts in R&D spending

Podcast(s) of the week 🎧

  • MasQueStartups interviewed Acumbamail’s co-founder Ignacio Arriaga