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