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

June 25, 2019 • Issue #68

Startup funding news 💸

  • eSports paltform Gamerswalk raised €600,000
  • Proptech startup Propertista raised €140,000 on Crowdcube

Startup exits 🎊

  • 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

Investor & accelerator news 🚀

  • The beginning of the end of accelerators in Spain?
  • BerriUp has €500,000 to invest in 10 startups

Startup news 💡

  • 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

Big company news 🏢

  • 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

Tech and policy 💂🏼

  • 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

Interesting reads 🤓

  • 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

Podcasts of the week 🎧

  • MasQueStartups interviewed David Gonzalez, CCO and co-founder of Dive