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Indra acquired Paradigma Digital for €70M. SamyRoad raises €3M and expects €13M in revenue.

June 25, 2019 • Issue #98

Startup funding news 💸

  • Influencer marketing startup SamyRoad raised €3 million from Caixa Capital Risc, Bulgari and other investors
  • Devicare medical devices signs €2 million participative loan from Avançsa
  • PLD Space received €2 million grant to launch ARION rockets, deploy satellites
  • Boxmotions, a startup that has built a storage marketplace, raised €1 million from BStartup, Inveready and other investors
  • Sports analytics startup NBN23 raised €1 million from various investors, including several Spanish professional basketball players
  • Food delivery startup ApetEat raised €300,000
  • Fintech startup CoinScrap raised €175,000 from various investors

Startup exits 🎊

  • Indra acquired tech consultancy firm Paradigma Digital for €70 million. The deal does not include Stratio. GP Bullhound advised Paradigma on its sale
  • Spanish hosting company Gigas acquired SVT
  • Valencia and Boston-based Flywire announced the acquisition of OnPlan for more payment options

Investor & accelerator news 🚀

  • Carlos Domingo’s crypto fund SPiCE VC launched to support tokenized security ICOs. El Español has an interview with Carlos about the move
  • Carmen Alfonso Rico has joined Samaipata Ventures. She will continue to be based out of London
  • International VCs continue to account for the vast majority of funding that goes to Spanish startups
  • Jose Maria Moreno, head of the Spanish videogame association, says that it needs to be easier to invest in gaming companies
  • Fond-ICO to invest in investment vehicles that focus on Spanish university spin-offs

Startup news 💡

  • Kippel01 interviewed Kantox CEO Philippe Gelis to talk about the company’s SaaS product and roadmap
  • Wallapop lost €62 million in 2015, the year before the company started to launch monetisation features
  • Cabify launched a new version of its app and Xataka Movil has a review of it
  • Influencer marketing startup SamyRoad reaches positive EBITDA and expects to reach sales of €13 million in 2018
  • Kippel01 published an overview of the proptech market in Spain, which has seen a lot of activity in the past few months
  • Urbanpoliza is a new company that offers insurance to users of car sharing companies in Madrid
  • Vozpopuli profiled Politibot, the now famous politics bot
  • Medical marketplace Topdoctors closed 2017 with €7.5 million in sales
  • Train ticket marketplace Truecalia launched Truecalia Pay
  • Startup profile(s): Unnax (fintech), Playtomic (fitness marketplace), Saveboost (fintech), Inveslar (fintech)

Big (local) company news 🏢

  • Pallete (Telefonica) once again demanded a level playing field for telcos and other digital companies

Big (foreign) company news 🏦

  • How many subscribers does Netflix have in Spain? According to this study, 1.1 million
  • Amazon Prime has increased its video offering in Spain ahead of an increase in prices. The ecommerce giant could also be considering partnering with more supermarkets in Spain to tackle that market

Tech and policy 💂🏼

  • Spanish regulator CNMV warned the public and investors about investing in cryptocurrencies
  • How Spanish hotel chains and municipalities are fighting against Airbnb and other home sharing companies
  • El Confidencial talked to various ‘gig economy’ riders who’ve suffered injuries. Given their job status, these workers don’t receive any compensation for their time off. Sooner or later, new laws will have to be created to tackle this issue
  • Madrid’s local government spent €461,000 in a mobile app to promote traditional taxi services instead of Uber and Cabify

Interesting reads 🤓

  • The city of Barcelona moving away from proprietary software
  • Kippel01 interviewed @unicornioenparo, the popular anonymous Twitter account that writes about the Spanish startup ecosystem
  • First bitcoin scandal in Spain: several investors demand €4.6 million from crypto fund Bitcoin Investors Trust
  • Miguel Arias (ex-Carto, Telefonica): ’The inmortals

Podcasts of the week 🎧

  • K Fund interviewed Pedro Serrahima, former CEO of Pepephone