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An update on Cabify's large round. Kantox's 2016 figures. Telefonica financial results.

June 25, 2019 • Issue #87

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Startup funding news 💸

  • Boat rental marketplace BoatBureau raised €500,000 from Sabadell VC and Nero Ventures
  • Music startup Newmusicnow raised €360,000
  • According to El Referente, Fotawa is closing a new round of funding via Fellow Funders

Startup exits 🎊

  • Mauricio Prieto (eDreams) published a very interesting analysis of Spanish tech exits

Investor & accelerator news 🚀

  • El Español interviewed Oskar Mielczarek de la Miel, manager of Rakuten Capital, the venture arm of Rakuten that has invested in the likes of Cabify and Glovo
  • Marketing4commerce interviewed Iñaki Arrola, general partner at K Fund. The firm also announced this week the launch their Operating Partners platform
  • Kibo Ventures held an event at Stanford’s GSB to promote Spanish entrepreneurship. Sonia Fernandez, partner at the firm, also wrote an article last week explaining a bit more how they work and what kind of companies they’re looking for
  • Israeli equity crowdfunding platform OurCrowd expands global operations with new office in Spain
  • Grupo Intercom to shut down its venture arm in order to launch a new vehicle in the near future
  • Nuclio Venture Builder held its third Nuclio Weekend
  • InnoCells is a new hub launched by Banco Sabadell to cater to tech companies
  • SeedRocket announced the name of the companies that will participate in its Madrid Campus that will take place in November

Startup news 💡

  • According to El Español, Cabify is having trouble raising a previously rumoured large funding round, of up to €500 million
  • Fintech startup Kantox grew its revenues by 30% in 2016. A slower pace compared to the previous year, when the company’s top line had tripled
  • Spotahome’s country manager in Italy will also lead the company’s operations in Spain
  • Reclamador announced two new major milestones: €20 million generated in compensations and 150,000 clients
  • World Tech Makers coding bootcamp arrives in Barcelona
  • El Mundo has a profile of Blinkfire Analytics, the Valencia-based startup that has attracted investment from Twitter’s former CEO Dick Costolo, among others
  • Glovo to increase their tech team by 50 engineers in Barcelona
  • Ficosa: the Spanish tech company that produces part of the Battery Management System (BMS) used by Tesla in its cars
  • British fintech startup and mobile banking platform Revolut has launched in Spain
  • French ticketing platform Weezevent launched in Spain

Big (local) company news 🏢

  • Telefonica named Sergio Oslé as the company’s new head of video. Oslé will help define Movistar’s strategy to compete against Netflix, HBO and other OTT services
  • Telefonica sold 24,8% of Telxius to KKR for €790 million. The company posted a €2.4b profit in the first nine months of 2016, 9.6% more than in the year ago period
  • Kippel01 wrote an interesting article about Inditex’s digital strategy
  • Joan Roig, founder of Mercadona, is now more bullish than before about the company’s online strategy

Big (foreign) company news 🏦

  • Chinese giant Xiaomi to officially launch in Spain. Xataka has six questions about the company’s entrance our market
  • Amazon opened a new logistics centre in Barcelona’s ‘Zona Franca’
  • Alibaba’s Spanish manager says that more than 71 stores or brands are currently active on the platform
  • El Español looked into MondoDB’s business in Spain. The company just went public in the US

Tech and policy 💂🏼

  • VozPopuli took a look at the working conditions of gig economy workers
  • Spanish transparency agency UCO claims that Indra paid the PP party more than €600,000 in ilegal payments

Interesting reads 🤓

  • Startup Genome published a new report: The Barcelona Startup Ecosystem Report
  • Vozpopuli published an analysis of the energy market, featuring startups such as Lucera or HolaLuz
  • Xataka talked to a bunch of Spanish artists and entrepreneurs that rely on Patreon to monetise content
  • Critical profile of Xavier Verdaguer in Merca2
  • Spaces is a new player in the coworking sector in Spain. Similar to WeWork, the Dutch company recently opened its first space in Madrid. Vozpopuli has the details
  • There was a time when mobile phones were actually manufactured in Spain. Xataka wrote a profile of Malaga-based Vitelcom/TSM. In its heydays, the company manufactured 5 million phones per year and had sales of €700 million
  • Tomás Santoro of SumaCRM wrote about the company’s values and how they try to establish them
  • Eduardo Manchón (Panoramio, Mailtrack) published an interesting tweetstore about “real innovation”
  • Andrés Torrubia finished fourth in a global AI competition
  • Iñaki Arrola (K Fund): ’In a startup is almost always better not to have advisors, unles…
  • The European version of Israel Mobile Summit is coming to Madrid. VozPopuli interviewed the conference’s founder Ofir Leitner

Podcasts of the week 🎧

  • MasQueStartups interviewed Marcos de la Cueva, co-founder and CEO of invoicing startup Billin

And last but not least…

    CTO’s Summit is a must-attend event for Spanish CTOs and developers. There are still tickets left (but not many!) and if you have 10 spare minutes, please help them by filling in their survey.