Awaiting keywords...

Cabify raises $100m. Ontruck gets $10m. Interviews with Iñaki Arrola and Luis Cabiedes.

June 22, 2019 • Issue #64

Startup funding news 💸

  • Cabify has raised $100 million. The company is supposedly raising a much bigger round of $500 million
  • On-demand road freight startup Ontruck pulls in $10 million Series A led by Atomico and Idinvest Partners
  • On-demand delivery startup Jinn locates $10 million in further funding. Although London-based, Jinn was founded by Spaniards and Samaipata Ventures is one of their investors
  • Health startup Devicare raised €3 million
  • Mint Labs raised $3 million from American and Chinese investors
  • Car marketplace Carnovo raised €2 million from Antai Venture Builder and M4E
  • La Caixa and Racc to invest €1 million in Alpify
  • JoinUp Taxi raised €430,000 from Big Sur, Cabiedes & Partners and Fides
  • Muroexe raised funding from JME Ventures. Terms of the deal undisclosed

Startup exits 🎊

  • Sanitas acquired Spanish health startup Healthia
  • Italian startup acquired a majority stake in Spanish beauty marketplace Bucmi
  • Barcelona-based PopPlaces has merged with German competitor Go-PopUp
  • Telefonica, though its German subsidiary Telefonica Next, acquired analytics startup Minodes

Investor & accelerator news 🚀

  • Expansion interviewed K Fund’s Iñaki Arrola. He says that he’s seeing more good investment opportunities than ever before
  • El Español interviewed Luis Cabiedes of Cabiedes & Partners. They talk about the current state of the Spanish startup ecosystem, Cabiede’s future and many more topics. Interesting read
  • Inveready to launch a €40 million venture debt fund soon
  • FOND-ICO announced who will be the recipient of €160 million in fresh funding
  • SEAT Accelerator by Conector had its final demo day
  • The 11 companies that will participate in SeedRocket’s new accelerator program
  • Axon Partners Group invested in Colombian startup Boxi

Startup news 💡

  • Spanish hardware startup BQ created four new subsidiaries to diversify its business
  • Closca, the Spanish bike helmet that is conquering Silicon Valley
  • ESADE and Ironhack team up to train leaders for the digital era
  • Real estate crowdfunding startup Housers received green light from regulators to continue operating in Spain
  • Ecommerce News interviewed Jaime Garrastazu, co-founder of Pompeii
  • Startup profiles: BrickFunding (proptech), Trive (e-commerce)

Big company news 🏢

  • Many companies around the world suffered late last week from a ransomware attack. Telefonica was one of the companies most affected by the attacks, but not the only one. Here’s how the ransomware software works
  • Orange to start offering home automation services in Spain, probably in cooperation with other companies and startups
  • Ryanair launches travel labs in Spain, an innovation hub to create 250 high tech jobs

Tech and policy 💂🏼

  • Brussels said this week that UberPOP is a pure transportation service, which means that its drivers should be employees instead of freelancers. Uber said this decision does not affect its current activity in Spain, which relies on VTC licenses
  • Uber and Cabify should be happy: 350 additional VTC licenses to come to market this year
  • K Fund’s Carina Szpilka is Adigital’s new president

Interesting reads 🤓

  • Automobile Barcelona: a look at the City’s urban transport tech landscape
  • Delaware and Spanish entrepreneurs: the key aspects that make the US state a paradise for startups and tech companies
  • The gold diggers in the Spanish accelerator ecosystem
  • Source{d}: Your company’s culture shouldn’t please everyone