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’