PcComponentes booming business. Sonae now owns 40% of Ulabox. Deliveroo riders should be employees.
June 25, 2019 • Issue #94
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Startup funding news 💸
- Cabify raised at least €5 million from TheVentureCity, AngelClub and Endeavor
- Travel startup ByHours raised €3 million from Investiere, Howzat Partners and HR Ventures
- ProntoPiso is a new proptech startup from Antai VB that’s born following a €3 million investment
- Visualfy raised €2.55 million from Ship2B and other investors
- Inveready to invest €2.5 million in hosting company Gigas
- Health startup Neuroserveis closed a €600,000 investment via equity crowdfunding platform Capital Cell
- Insurtech startup Brokoli raised €550,000 from various investors
- Celebrents (formerly known as Cooctel) raised €400,000 from Big Sur Ventures, Cabiedes & Partners, Lanai Partners and other business angels
- Translation services startup The Global Password raised €300,000
- Orain raised €300,000 from Nero Ventures
- Portuguese conglomerate Sonae now owns 40% of Ulabox. The Spanish startup expects to post sales of €7 million and a €2.5 million los in 2017
Startup exits 🎊
- El Español acquired a majority stake in gaming publication Vandal. Terms of the deal were not disclosed
Investor & accelerator news 🚀
- UK startup MishiPay raised £1.6 million led by Nauta Capital for its mobile self-checkout technology
- Iñaki Arrola (K Fund): Should startups look to join an accelerator? A VC perspective on the topic
- HUB Ventures launches accelerator program for startups to electrify transport sector
- Navarra Tech Transfer is a new €4.2 million fund to invest in local tech companies
- Pheidon is Eneko Knorr’s new fund to invest in cryptocurrencies
- Samaipata Ventures analyses La Nevera Roja’s deck
Startup news 💡
- El Español published an update on PcComponentes financial figures. The ecommerce company expects to reach €315 million in sales this year and a profit of €9 million
- Spanish competition regulator, CNMC, says that laws proposed by the government to regulate Cabify and Uber are “too restrictive”
- Roboadvisor Indexa Capital turned two years old and announced that it’s now managing €70 million from its clients
- Glovo launched its own groceries service in Barcelona, SuperGlovo
- Real estate crowdfunding startup Housers claims to have delivered €3.1 million to its investors since its inception
- A parking app made by a Barcelona startup is helping to solve the city’s mobility problems
- Malaga’s Taalentfy AI talent platform wins Best Social Work Startup at NY Summit 2017
- Loogic interviewed Jose M. Cobian, Circle’s managing director for Southern Europe
- Wallapop to start offering an insurance product to its users
- Ecommerce company SantaFixie plans to launch its own bicycles
Big (local) company news 🏢
- Spanish media companies are in negotiations with Facebook and Google to improve the monetisation of their content
- Mango now allows payments in Spain using Alipay and Wechat, in an effort to cater to an increasing number of Chinese tourists
- How Inditex expects to compete against Amazon and other ecommerce players
- Spain’s two main banks on Bitcoin and the blockchain: here are Santander and BBVA’s opinions on the technology
- How real estate giant Colonial wants to embrace technology
Big (foreign) company news 🏦
- A Spanish labour inspection says that Deliveroo’s riders should be employees of the company instead of freelancers. This could cause a lot of trouble for the British company
- Just Eat reached 20 million orders in Spain
- Airbnb and Tripadvisor could be fined by Mallorca’s local government due to advertising so-called illegal properties on its platform. Also this week, Airbnb reached an agreement with Madrid’s local government to regulate their business
Interesting reads 🤓
- How Spain gives away public money for R&D purposes. The biggest beneficiaries are Spain’s largest companies, not startups
- Barcelona Supercomputing Center is a new public/private effort to compete against the US and Asia in chip manufacturing
- Ruben Colomer, formerly of Plug and Play Spain, has launched DM School, an education program aimed at digital marketing professionals
- Javier Escribano writes about how they approach product development at OnTruck
Podcasts of the week 🎧
- K Fund interviewed Samuel Gil (JME VC)
- MQS interviewed Dani Seijo (Meneame, Diariomotor, Civeta)