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Seedtag raised €2M. Who made money in Social Point's exit. Trouble at Jinn.

June 25, 2019 • Issue #77

Startup funding news 💸

  • Seedtag raised €2 million from undisclosed backers
  • Sheetgo raised €600,000 from SeedRocket4Founders and other investors
  • Services marketplace Snau raised €245,000 from various investors
  • Travel insurance startup Mondo raised €215,000
  • Badi recently closed a new round of funding. The amount has not been disclosed, but the list of investors includes Eneko Knorr and Enrique Dubois

Startup exits 🎊

  • Social Point got bought by Take Two for $250 million a few months ago. El Español has a breakdown of how much money each of the investors in the company made with the deal

Investor & accelerator news 🚀

  • El Español looked into Juan Roig’s startup investment activity in the past few years, mostly through Lanzadera and Angels Capital
  • Samaipata Ventures published an overview of VC funding in blockchain technology

Startup news 💡

  • El Confidencial wrote a profile of London-based delivery startup Jinn. Co-founded by three Spaniards, the company recently fired most of its employees and closed operations in several cities
  • El Español analysed Privalia’s financials, the first report since the company was acquired by Vente-Privee
  • La Vanguardia published a profile of legal startup vLex. The company expects to reach €7.5 million in revenue this year
  • Profile of satellite startup PLD Space
  • VozPopuli published a profile of proptech company Housfy. The company recently raised €700,000
  • Hawkers has launched a new collection of sunglasses, in collaboration with Leo Messi
  • Interesting profile of fertility app Woom on El Diario
  • Spanish startup Teltoo was selected for CableLabs-backed UpRamp accelerator program

Big company news 🏢

  • BBVA has more than 3 million “mobile clients” in Spain. Simple, a US-based fintech startup acquired by BBVA a few years ago, laid off ten percent of staff in bid to return to tech roots
  • Facebook launched its mobile marketplace service in Spain, possibly competing with Wallapop
  • AMC, creators of Mad Men, could launch its own OTT service in Spain to compete with Netflix

Tech and policy 💂🏼

  • Airbnb believes Baleares’ new regulation that affects vacation rental is “complex and confusing”. Airbnb also removed 1,000 listings in Barcelona following demands from the city’s government

Interesting reads 🤓

  • Miguel Arias (Carto): ‘How to build a startup community
  • Victoriano Izquierdo (Graphext): 'Centralized or Decentralized? Free scale networks!
  • Javier Escribano (OnTruck): 'About disclosing salary in job offers
  • How to successfully brand a DNVB? —An interview with the founders of Colvin
  • UK fintech startup GoCardless interviewed Philippe Gelis, co-founder and CEO of Kantox