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Klikin acquired by Repsol. Startcaps Ventures has a huge exit with 99Taxi. Airbnb and Cabify regulation.

June 25, 2019 • Issue #96

Bemobile - 100% Mobile Innovation. We started launching our businesses. Now we partner with companies to bring them to the next digital level. From ideation to launch, we assist our clients in their strategy, UX-UI design and development to create meaningful digital products.

Startup funding news 💸

  • Fintech startup Loanbook raised €830,000
  • Agritech startup Farmidable raised €250,000 via equity crowdfunding

Startup exits 🎊

  • According to El Confidencial, Repsol acquired Klikin for €6 to €8 million. The startup founded by Gustavo García Brusilovsky had raised funding from Caixa Capital Risc, Padeinvest and other business angels

Investor & accelerator news 🚀

  • Chinese giant Didi acquired Brazilian startup 99Taxi for $900 million. One of the first investors to back 99 was Startcaps, the Spanish VC firm led by Nacho Vilela
  • Hipertextual interviewed Iñaki Arrola, François Derbaix and Javier Megías to know what they expect from the Spanish startup market in 2017
  • Mariano Torrecilla (Loogic): ’Investment in startups: business angels, risks and metrics

Startup news 💡

  • Ecommerce company Tradeinn closed 2017 with sales of €120 million
  • Cabify continues to invest money and resources in its subsidiary that controls a bunch of VTC licenses. Last week it was reported that both Cabify and Rosauro Varo (Pepephone) pumped €420,000 more into the subsidiary
  • Cabify says that is has grown its business by 500% last year and that it will triple the number of employees
  • Barcelona’s local government has seized assets in Letsbonus. Apparently, the company has not paid its providers since November 2016
  • Fitness marketplace Entrenarme closed 2017 with more than €5 million generated to trainers on its platform
  • On-demand video platform Filmin is now profitable
  • Facebook featured Lingokids as a success story in their platform
  • Closca, the Spanish startup behind the foldable bike helmet, has launched its latest project: a water bottle
  • El Economista interviewed Sacha Michaud, co-founder of Glovo: ’There are not as many competitors in the market to meet future demand’
  • Forbes published a profile of health startup Bwom: ’An Entrepreneur Promoting The Power Of The V Word
  • Spanish technology that aims to fight against drought in the world

Big (local) company news 🏢

  • Spanish restaurant chain Nostrum to launch an ICO to sell its own token
  • Ethereum and Stellar join Ripple in BBVA bank tests
  • In less than 6 months there have been more than 100,000 transactions using Samsung Pay from holders of El Corte Ingles’ card
  • Seat, Saba and Glovo are trying a service that will deliver groceries to your parked car in one of Saba’s parkings
  • Ignacio Pinedo (ISDI) to join the board of Tous
  • 52% of Mango’s online sales take place on mobile
  • Kippel01 published an analysis of BBVA’s digital strategy

Big (foreign) company news 🏦

  • María Garaña, former Microsoft managing director in Spain, to join Google
  • How Zity’s carsharing program compares to Car2go and Emov. El Confidencial published a comparison of the three

Tech and policy 💂🏼

  • The Spanish government finally passed regulation that will control even more the activity of Cabify or Uber
  • Madrid to limit Airbnb’s activity in the Spanish capital by setting a cap in the number of licenses for vacation apartments
  • Hacienda to request vacation rental platforms such as Airbnb or HomeAway to provide details on its hosts and their number of transactions

Interesting reads 🤓

  • Sintetia looked at R&D spending in Spain. The numbers don’t look very good
  • Five young Spanish CEOs that you must keep an eye on
  • Vanity Fair: 10 Spanish startups to watch in 2017

Podcasts of the week 🎧

  • Brainsins interviewed Loogic’s Javier Martín
  • K Fund interviewed David Bonilla, Alex Vega and Iñaki Arriaga to talk about the wonderful world of newsletters