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eDreams posts €6.8M loss. The largest ecommerce sites in Spain. What a good COO does.

June 25, 2019 • Issue #78

Startup funding news 💸

  • A Coruña-based startup Domesting raised €500,000 from various local investors
  • Tapp Water, a startup that wants to create better filters for the water you drink at home, raised €300,000

Investor & accelerator news 🚀

  • Renfe is planning to launch a startup accelerator in collaboration with one of Spain’s existing programs
  • Galician startup accelerator Zarpamos is looking for 12 companies to join its newest batch

Startup news 💡

  • Housers claimed to have paid more than €1.2 million to investors in its platform
  • Vozpopuli interviewed Mariano Silveyra, Cabify’s country manager in Spain, to talk about regulation
  • Vozpopuli also interviewed Gonzalo Manrique, co-founder and CEO of Ironhack

Big company news 🏢

  • eDreams Odigeo posted a €6.8 million loss in its first 6 months of operations in 2017
  • Amazon, Aliexpress and El Corte Ingles are the three largest ecommerce stores in Spain
  • American energy startup Innowats announced a $6 million round last week, which included the participation of Iberdrola’s venture arm
  • Ryanair is looking to hire 250 people for its Madrid-based digital lab
  • Kippel01 has a good overview of who’s leading the Spanish operations of some of the bigger tech companies in the ecommerce space, featuring Amazon, Zalando or Alibaba
  • Huawei Spain increased its profits by 18% in 2016, surpassing the €23 million mark

Interesting reads 🤓

  • According to a study, the number of new tech companies being created in Spain has decreased in recent years. I’m personally not sure about the methodology used to come to this conclusion
  • David Martín-Corral (Zensei): ‘How to setup a product growth process from scratch for your startup
  • Miguel Arias (Imaste, Carto): 'What does a good COO do?
  • David Bonilla (CEO at Comalatech): 'Support as a business lever