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Billy Mobile and Zed were apparently a huge scam. Deliveroo riders go on strike

June 25, 2019 • Issue #71

Startup funding news 💸

  • Security startup 3ANTS raised €880,000 from JME, Bankinter, Big Sur Ventures and others
  • Watchcity raised €600,000 from Sputnik Capital and business angels
  • Worona raised €100,000 from Walter Kobylanski, Diego Mariño and Jose Maria Torroja

Startup exits 🎊

  • El Español revealed the exact amount Idealista was sold for: €273 million. In an interview, co-founder Fernando Encinar, says that the company doesn’t rule out the possibility of going public
  • ProA Capital is trying to sell tech consulting firm Ibermatica. The company had revenues of €234 million last year

Investor & accelerator news 🚀

  • El Referente ranked Spain’s top 25 startup accelerators and incubators
  • Enisa and Indra signed an agreement to do (more) good in the Spanish tech ecosystem
  • Kippel01 interviewed Miquel Marti, director of Barcelona Tech City
  • Wayra UK launches accelerator to tackle the ‘poverty premium’
  • SeedRocket and The Crowd Angel reached an agreement to promote equity crowdfunding as a financing alternative for startups

Startup news 💡

  • Billy Mobile, among others, is being accused by Spain’s Guardia Civil of a scam involving SMS premiums that could amount to €30 million. Here’s a way to know if you’ve been affected by this
  • Social media startup Audiense launched Insights, the definitive platform for insights-driven organisations
  • Expansion interviewed Joshua Novick, CEO of Antevenio. The company went public in 2007 and currently has a market cap of €30 million
  • Kippel01 interviewed Javier Megias, CEO of Startupxplore
  • The creators of Helloumi launched, a platform that turns a landing page into a chat bot

Big company news 🏢

  • El Español tried to understand the organisational structure created by Perez Dolset at ZED. It’s not an easy or simple on. The company is now being accused of receiving more than €100 million in subsidies for projects that it never built, including a new version of popular PC game Commandos. Perez Dolset was sent to jail late last week
  • All of the details that we know so far about Mercadona’s new ecommerce project
  • eDreams posted a profit of €10.7 million in its 2017 fiscal year, 16% less than in the previous period
  • Telefonica merged its two largest digital subsidiaries. Nacho Cardero, El Confidencial’s director, published an interesting piece where it analyses Pallete’s first few months at the helm
  • Dia reached a new agreement with Amazon to deliver groceries in Barcelona
  • Alibaba and BBVA reached an agreement to bring Alipay to Spain
  • Tesla to open its first (temporary) retail store in Spain, in Puerto Banús
  • Oracle’s profit in Spain increased by 4X last year, to €4.4 million on revenues of €190 million
  • BBVA chief’s data scientist, Marco Bressan, is leaving the company
  • VozPopuli interviewed Chema Alonso, CDO at Telefonica

Tech and policy 💂🏼

  • Deliveroo’s riders in Spain went on strike this weekend. They demand a minimum number of hours per week and fixed income. El Confidencial talked to various riders to understand their demands. Several riders were fired by Deliveroo as a consequence of these protests
  • Cabify says that its competitors are not taxi drivers, but alternative transportation apps
  • Airbnb’s struggles in Spain continue. The Barcelona local government continues to push the company and could impose a new fine soon
  • Spain to ban selling VTC licenses in the following two years after they are assigned, thus limiting the second hand market for such licenses
  • The director of taxi association Fedetaxi says that revenues are stable despite Uber or Cabify

Interesting reads 🤓

  • From Jazztel to the Spanish tech companies that survived the dotcom bubble
  • 9 hacks to help you survive bureaucracy when moving to Barcelona. 5 Barcelona startups we’re into this month. 5 startups that grabbed our attention at Sónar+D in Barcelona
  • Interesting article about Artificial Intelligence efforts in Galicia
  • Cataluña amounts to 40% of all revenues generated in the Spanish videogame industry
  • Marc Borras (OnTruck): ’What to use when you have multiple options in a form field

Podcasts of the week 🎧

  • MasQueStartups interviewed Luis Paris, CEO of Parclick
  • K Fund interviewed Juanjo Mata (Netscape, Redbooth, Tileo) and Pablo Venture about drones