TheCocktail exits. The uncertain future of Spanish accelerators. Glovo to deliver McDonald's

June 25, 2019 • Issue #68

Startup funding news 💸

WPP acquired Madrid-based digital agency The Cocktail. Terms of the deal have not been disclosed. The Cocktail had sales of €16 million in 2016

Cabify’s “secret” in Spain: its three subsidiaries
Glovo chosen by McDonalds to start delivering its burgers
Scytl’s CEO Pere Valles, has joined Roomonitor’s board of directors
Advertising agency Hello Media Group had sales of €20.4 million in 2016
El Tenedor is backing off from Turkey and focusing on Asia
Waynabox was selected as one of Europe’s top travel startups
La Vanguardia profiled Carlota Pi, co-founder and CEO of HolaLuz
Interview with Marcos Alves, co-founder of El Tenedor
Interview with Laura Urquizu, CEO of Barcelona-based security startup Red Points
Interview with Sentimer’s CEO, an AI startup
Interview with Jorge Schnura, co-founder of HR startup Sourced

Terry von Bibra, Alibaba’s director for Europe, is trying to convince Spanish companies to list their products on the Chinese site
Amazon increases its bet on Barcelona as its logistics hub for the south of Europe. The company is also opening a new offices in the city
eyeOS, the cloud company acquired by Telefonica, doubled its loss and had sales of just €70,000 in 2016
Barcelona Tech City and Airbnb to launch a contest for startups

Uber and Cabify are against the government’s intention of limiting the number of VTC licenses. Fedetaxi says it’s going to also sue Cabify

Facebook, Microsoft and Telefonica’s underwater cable has reached Spanish shores
El Pais wrote an interesting article highlighting the working conditions of workers in the gig economy