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eRepublik Labs bought for €7.5M. Taxi protests across Spain. Beonprice raises €1.4M.

June 25, 2019 • Issue #67

Startup funding news 💸

  • Yogome, a Mexican startup that makes educational games for kids, raised $6.6 million, in a round led by Seaya Ventures
  • Travel tech startup Beonprice raised €1.4 million for its hotel revenue software, in a round led by K Fund
  • HR startup Factorial raised €500,000
  • Hardware startup Glassy raised €348,000
  • Hardware startup Micaton Ergonomics raised €245,000

Startup exits 🎊

  • Stillfront acquired eRepublik Labs for €7.5 million. eRepublik Labs, although based in Dublin, has offices in Spain
  • Atresmedia acquired advertising company Smartclip Latam. Terms of the deal were not disclosed

Investor & accelerator news 🚀

  • A new edition of Menorca Millennials is now underway
  • Lanzadera held its demo day where the 18 startups participating in its latest batch pitched
  • El Referente interviewed Marta Antunez, Spain’s country manager for crowdfunding platform Ulule
  • Techstars will hold a hospitality and travel sector event in Madrid on Tuesday June 6th

Startup news 💡

  • El Español published a very interesting profile on Mailtrack. The startup expects to generate €1.1 million in revenue this year with just 11 employees
  • Glovo continues its expansion and is now available in more municipalities in Catalunya
  • Indoor Analytics powered by Carto and Situm: El Corte Inglés chooses Situm’s indoor positioning technology
  • has launched a new stock option plan for its employees
  • Gaming startup HeYou games went into administration
  • The majority of Groupalia’s employees were fired last week. El Confidencial looked into the current state of the now almost dead coupons sector
  • Kippel01 interviewed Easyoffer’s co-founder Martin Andersen. The Madrid-based startup operates a marketplace for legal services
  • El Referente interviewed Francisco Fernández, founder of Truecalia
  • El Referente interviewed Miguel Caballero, CEO and co-founder of edtech startup Tutellus
  • Marketing4ecommerce interviewed Nico Bour, co-founder of wine ecommerce startup Uvinum
  • Alex Díaz is Eelp!’s new CEO. The company is in the process of raising a €500,000 round
  • Kippel01 profiled proptech startup Housfy
  • Ignacio García, formerly of BBVA and iZettle, is Sumofuturo’s new CEO
  • Delvy interviewed Ventura Barba, Executive Director of Sonar+d

Big company news 🏢

  • Telefonica’s former CEO and president, Cesar Alierta, criticised both Uber and Cabify for not paying taxes in Spain. Alierta also said that Telefonica could had created either service in just six months if it wanted to
  • Emov, the car sharing company, has increased its prices by 25% in Madrid
  • MasMovil added 77,000 new clients for broadband services between January and March
  • Telefonica, Orange and Vodafone reached €3.8 billion in revenue in Spain in 2016
  • Instagram announced that it has more than 12 million MAUs in Spain
  • Telefonica announced a new building to house its various eSports initiatives
  • Microsoft Spain hired Victoria Ducornau, former ecommerce director for Sephora
  • Amazon Spain disclosed €4 million in advertising revenues
  • Snapchat’s spectacles are now available in Europe. The company’s first vending machine in Spain is in Barcelona
  • Uber has moved its Spanish headquarters from Barcelona to Madrid

Tech and policy 💂🏼

  • Spanish taxi drivers protested last week in Madrid against the government’s willingness to give new VTC licenses to competitors Uber and Cabify. El Español has a good summary of the amount of taxes paid by Uber, Cabify and traditional taxi drivers
  • The Spanish government said that it will maintain the current 30:1 ratio between taxi and VTC licenses
  • How Uber is growth hacking in Spain despite regulatory roadblocks

Interesting reads 🤓

  • 7 tech/startup events & meetups happening this June in Barcelona
  • Juan Luis Hortelano: About cryptocurrencies, bubbles and predictions
  • Interview with Pedro Magriço from Typeform
  • 10 Valencia-based startups to watch in 2017 and beyond

Podcasts of the week 🎧

  • MasQueStartups interviewed Jaime Novoa (Novobrief, K Fund)