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

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

Carlos Domingo’s crypto fund SPiCE VC launched Securitize.io 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

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)

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

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

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

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’