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Verse raises $20m. Telecable sold for more than $700m. Wallapop increases valuation.

June 22, 2019 • Issue #65

Startup funding news 💸

  • Verse grabs $20.5 million to take its p2p payments play beyond Europe
  • Barcelona-based Scytl has received a €3 million loan. The same article says that Scytl is looking for a buyer
  • Barcelona AI startup closes €1.2 million investment round for international expansion
  • Hospitality startup Lock Up raised €500,000
  • E-commerce company Runnics is looking to raise €200,000. So is myABCKit

Tech exits 🎊

  • Euskaltel bought Telecable for €701 million

Investor & accelerator news 🚀

  • Adeyemi Ajao and Arcano plan to launch a $200 million fund to invest in Silicon Valley
  • El Confidencial published a profile on Eneko Knorr’s activity as a business angel. Over the past couple of years alone, three of Eneko’s investments have exited: Ticketbis, Habitissimo and Petcoach
  • ESADE signed a partnership with equity crowdfunding platform Crowdcube to ease investments from professors, students and alumni
  • CaixaBank has created a new division to cater to startups,. Carlos Trenches, who has left Caixa Capital Risc after more than 10 years at the firm, will join the project
  • Itnig: First rule of talking to VC's — Show metrics that support the story you’re telling, featuring Active Venture Partners and Nauta Capital
  • Itnig was nice enough to interview me, and this was the result: Jaime Novoa: From writing tech news to writing checks

Startup news 💡

  • Wallapop’s valuation has increased to €560 million, according to filings from investor Vostok New Ventures
  • ExoClick, the company that has more than $100 million in revenues catering to clients Google is not interested in
  • El Confidencial looked into the meal/food delivery landscape in Madrid by trying several options available to consumers, including Wetaca, Tupperdicion, ApetEat and Minevera
  • Vozpopuli profiled blockchain company Aragon Project
  • Nuclio Venture Builder launched a new startup, Brokoli, a mobile app insurance broker
  • El Confidencial says that the acquisition of Trovit for €80 million by Japanese company Lifull is not producing the expected results
  • Xataka interviewed Jacinto Roca, CEO of He says that this year the company will launch its first movie
  • El Referente interviewed Ironhack’s co-CEO, Gonzalo Manrique
  • Kippel01 interviewed Nacho Lafuente, co-founder and CEO of Datumize
  • VC firm Atomico published interviewed Iñigo Juantegui on its blog, following the firm’s investment in OnTruck

Big company news 🏢

  • BBVA announced a new company out of its Venture Creation department: Muno, an insurtech project aimed at freelancers
  • Orange has surpassed Vodafone in revenues in Spain, trailing only Telefonica
  • MasMovil is working with Liberbank to launch a mobile first bank
  • Netflix is looking to hire more content professionals to tackle the Spanish market
  • A study claims that Google News shut down in Spain has cost Spanish online media sites €9 million
  • Alibaba wants to establish its logistics hub for Southern Europe in Barcelona
  • How Telefonica is using IoT and Big Data to build smart cities

Interesting reads 🤓

  • How to set up a development center in Barcelona: a Swiss company’s story
  • How to scale up successfully – advice from growth professionals at ScaleUp Summit Barcelona
  • How Paginas Amarillas is trying to improve its presence in an online world
  • Fraud in eSports
  • How a small group of in-house product designers killed Cabify’s corporate brand and made it purple
  • How to develop truly conversational bots, featuring Caravelo