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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

Startup exits 🎊

  • Spanish Yacht booking site Nautal acquired competitor Incrediblue

Investor & accelerator news 🚀

  • 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

Startup news 💡

  • 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
  • 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)

Big (local) company news 🏢

  • 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

Big (foreign) company news 🏦

  • 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

Tech and policy 💂🏼

  • 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

Interesting reads 🤓

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

Podcasts of the week 🎧