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Wework to launch in Madrid. Spain seeks tax on digital giants' revenues.

June 25, 2019 • Issue #80

Our good friends at Atomico publish every year one of the best reports about the European tech ecosystem. You should read last year’s edition here. They just launched the survey that will power 2017’s study and they’d love to get more answers from Spanish founders, investors and the general public. If you have 5 to 10 minutes, please complete the survey here.

Startup funding news 💸

  • Biotech startup Peptomyc raised a €4.2 million Series A
  • Spanish fitness app Runator raised €390,000

Investor & accelerator news 🚀

  • Business Booster received the green light from Spain’s CNMV to start investing in startups as a firm
  • Rodrigo Martinez (Point Nine Capital): ’Deeper Tech is Sexy, Again!
  • Cataluña’s ICF has invested €1.4 million in local startups
  • Impact Accelerator has launched a new program with a budget of €12 million
  • La Voz de Galicia interviewed Juan Cividanes Roger, managing director of Galicia-based public funding institution Igape
  • Madrid-based Tetuan Valley announced a 3-week Design Sprint School program
  • MediaMarkt to launch a startup accelerator focused aimed at retail companies

Startup news 💡

  • Since selling to Next Co for €80 million, Trovit’s revenues have remained stable, but its profits have decreased
  • Electronic voting startup Scytl has rejected the opportunity to manage Cataluña’s October 1st referendum
  • Transportation marketplace OnTruck is now available in Valencia
  • Anonymous Twitter account @unicornioenparo published an in-depth and interesting tweetstorm about Fever
  • Oscar Pierre, co-founder and CEO of Glovo, says he expects to close a new round of funding before the end of the year and that he’s looking for opportunities in Europe
  • Letsbonus is looking for new shareholders to stay afloat
  • Sony has invested in Acutronic Robotics, the holding company that recently acquired Spanish hardware company Erle Robotics
  • Ecommerce company Tradeinn reached 10 million orders
  • Hosting company Gigas was valued at €16 million by a financial firm

Big company news 🏢

  • Wework to open its first coworking space in Madrid very soon
  • Amazon to open a software development centre in Barcelona focused on machine learning
  • Banco Santander claims it spends €1.3 billion in digital innovation programs
  • Car2go (owned by Daimler) surpassed the €5 million euro mark in Spain in 2016
  • Uber says it won’t launch in Barcelona until it can meet demand
  • Just Eat’s app has reached more than 3 million downloads in Spain. The company says that more than 70% of all orders in the country are placed through the app
  • Riot Games, the studio responsible for the success of League of Legends, to open an office in Barcelona
  • PayPal to open an office in Madrid’s city centre
  • Airbnb announced the launch of Trips in Madrid. Spanish retail travel agencies are now saying that they also want to offer short term rental apartments to consumers

Tech and policy 💂🏼

  • Spanish regulator CNMC has gotten rid of a €26 million fine that had been imposed on Telefonica
  • France, Germany, Italy, Spain seek tax on digital giants’ revenues

Interesting reads 🤓

  • South Summit presented the 2017 edition of its ‘Spanish entrepreneur map’
  • The 10 hottest Barcelona-based startups, according to Wired
  • Jesus Monleón: 'The best phrases in Luis Cabiedes’ book plus three personal thoughts
  • Interview with Javier Martín, founder of Loogic

Podcasts of the week 🎧

  • K Fund interviewed Lingokids co-founder Cristobal Viedma, Iñaki Arrola (angel) & Holtzbrinck Ventures (VC)