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Glovo planning to raise €20M. Ironhack grabs €3M.

June 25, 2019 • Issue #74

Startup funding news 💸

  • Last mile logistics startup Glovo in negotiations to raise €20 million
  • Ironhack raises $3 million for its coding bootcamp. The round was led by JME Venture Capital
  • Connected car startup Grupo Next raised €1 million from Fides Capital, PMovil, Atresmedia and business angels. El Referente interviewed its co-founders
  • Proptech startup Cliventa raised €375,000 from RTV Capital and BR Grupo de Empresas
  • Socialwibox raised €160,000
  • Starr Cos, an insurance and investment firm run by Maurice R. “Hank” Greenberg, acquired a minority stake in CoverWallet, co-founded by Spaniard Iñaki Berenguer

Startup exits 🎊

  • French startup NightSwapping acquired Spanish company MyTwinPlace

Investor & accelerator news 🚀

  • Drone startup incubator Reimagine Drone to invest €2 million in 20 startups
  • Lanzadera announced the name of the 18 startups that will participate in its Garaje accelerator program
  • Conector Galicia announced the five startups that will join its newest accelerator program
  • El Referente profiled venture builder Antai, created by Gerard Olive and Miguel Vicente
  • According to Ascri, startup investment decreased by 18% in the first half of 2017. Kippel01 also wrote about this
  • Galicia to create one of the first biotech startup accelerators in Spain
  • Galician telco R, owned by Euskaltel, wants to collaborate with 100 Galicia-based startups in the next few years

Startup news 💡

  • Transportation marketplace OnTruck claimed that its business has grown by 116% since last quarter. CEO Iñigo Juantegui was also interviewed in El Pais to talk about the company and the sector it operates in
  • French newspaper Les Echos published a small profile on Carto, describing it as “the Spanish startup that wants to compete with Google
  • eFootball.Pro, the eSports startup co-founded by professional football player Gerard Pique, has a new director
  • Spanish shoe maker has reached sales of €1.5 million
  • The Catalan startup AEInnova wins the ACCIO 2017 Investment Forum Award

Big company news 🏢

  • MasMovil is now worth more than €1.3 billion in market cap
  • Telefonica set free AI automotion startup Drivies. The company also announced a round of €500,000
  • Amazon to start building a logistics centre in Valencia
  • Twitter in Spain in 2016: 25% less staff and 10% increase in sales
  • (formerly known as Wuaki) increased sales in 2016 by 36%, while posting a loss of €19 million. The Japanese company also announced that it plans to hire “hundreds” of employees in Barcelona, where it will base its European headquarters
  • Banco Sabadell announced Kelvin Atlas, an open data portal that the bank claims to be the first one in the Spanish banking sector

Tech and policy 💂🏼

  • Facebook is looking for a policy director in Spain

Interesting reads 🤓

  • Spanish companies continue to look for an increasing number of programmers. According to Stackoverflow there are 300,000 coders in Spain, but demand is much bigger than supply
  • Barcelona Tech City’s Pier01 turned one year old. The organisation aims to open new buildings in mid term to house more startups
  • The 5 most interesting chatbot startups in Barcelona
  • Why Barcelona is one of the best cities for startups right now
  • From entrepreneur to investor: Valencia Plaza looks at former entrepreneurs that have joined the investment world
  • Jesus Monleon (Offerum, SeedRocket) wrote a post explaining why entrepreneurs should keep their first investors informed of what’s going on in the company
  • Tramontana (Javier Cañada): ’Design systems for CEOs and executives
  • VozPopuli interviewed entrepreneur and investor Carlos Blanco

Podcasts of the week 🎧

  • StartUp Leon interviewed Javier Megias, co-founder of Startupxplore