Cabify raises $160M at unicorn valuation. Tiendanimal expects €100M in sales this year.

June 25, 2019 • Issue #99

Startup funding news 💸

Cabify raised $160 million at a $1.4 billion valuation, becoming Spain’s second unicorn (Letgo is the other one)
Hawkers raised €20 million from Alejandro Betancourt. Two of the company’s original co-founders have left the company
Barcelona legal tech startup Onna raised $5 million from Nauta Capital and other investors
Syltek, a startup that has built a SaaS platform to manage sports facilities, announced a €2.5 million round
Home cleaning marketplace Clintu raised €1 million
Health startup MJN Neuroserveis raised €750,000 from Ship2b, IESE, Capital Cell and others
Ecommerce brand The Brubaker raised €700,000 through Startupxplore
Gaming studio Playstark raised €520,000

Crowdcube’s activity in Spain in 2017: €7 million invested across 21 startups
Xunta de Galicia and Telefonica renewed their bet on the Galicia Open Future program and want to welcome industry 4.0 projects
Tetuan Valley announced a new edition of its Malaga Startup School program
Rosauro Varo (Pepephone) continues to amass a significant number of VTC licenses
El Español interviewed Jose del Barrio, founding partner of Samaipata Ventures

Ecommerce company Tiendanimal expects to reach €100 million in sales in 2018
Reclamador disclosed its financials in an article on El Español. The Madrid-based legal tech startup had revenues of €3.3 million last year
Lleida.net also disclosed its numbers in 2017: €10 million in revenue and positive EBITDA of €1.3 million
Muroexe had sales of €2.5 million in 2017
Letgo takes on Craigslist with addition of housing listings
João Almeida d'Eça, formerly of La Nevera Roja, is the new director of Milanuncios (owned by Schibsted)
Digital consultancy firm Findasense surpassed €18 million in revenues
Fashion startup Chicisimo talks about its machine learning approach for the first time
PcComponentes launched a Premium, an Amazon-Prime-like service
Playgiga is the startup behind Telefonica’s new gaming initiative, OnLife
6 Barcelona startups that are transforming the way we travel
Deporvillage grew by 60% in 2017 and reached €35 million in sales
Startup profiles: Irisbond (eye tracking software), Flywire (payments), Thunders Love (fashion ecommerce)

Providence Equity Partners sold an 11% stake in Spanish telco MasMovil for almost €200 million
Inditex opens its first pop up store exclusively aimed at the delivery of ecommerce orders
Indra is afraid of the tremendous power companies such as Amazon, Facebook or Apple have

Bernardo Quintero (Virustotal) is the director of Google’s new security initiative, Chronicle
Uber Eats to re-launch in Barcelona in coming months. A much wider Spanish rollout is expected throughout 2018
Various Spanish municipalities want to house Tesla’s new factory. These regions are expected to face intense competition from Portugal, France or The Netherlands

More uncertainty surrounding the labour conditions of Deliveroo’s riders. Are they employees or freelancers?
AENA, the Spanish company in charge of managing Spanish airports, is dealing with pressure from taxi companies that don’t want to allow Uber and Cabify to expand their presence at airports
Political party Ciudadanos says that the taxi industry is essential for the future of Spain
Hacienda to keep a close eye on bitcoin and crypto transactions

Mauricio Prieto (eDreams) published a list of Spaniards that live and work in the Bay Area