Ecosystem | Europe
Europe will boast first $50BN tech titan by 2021 according to GP Bullhound

Europe’s technology ecosystem is increasingly rivalling the might of US and Asian tech with Spotify and Adyen on track to become Europe’s first $50bn tech businesses by 2021, according to a new report to be released next week by technology advisory and investment firm GP Bullhound.

Investments | Spanish ecosystem
Verse closes a seed funding round for Euro7M led by Greycroft Partners LLC

Verse, the Fintech App for millennials, obtains European payment license and closes a seed funding round for Euro7M led by Greycroft Partners LLC and international investors to expand to other European markets such as Italy, France and Portugal.

Investments | Spanish Ecosystem
May ends with an accumulated €28.3M invested in Startups

May shows a decrease in investment in startups in Spain after the month ended with a cumulative 28.3 million Euro invested in a total of 13 operations and the hangover from April. Despite the fall in the cumulative investment in May, 2019 (€393.62m) continues to have a higher cumulative investment than 2018 (€333.16m).

Ecosystem | Acceleration program
YUZZ evolves to Explorer, Banco Santander's acceleration program

Explorer is the evolution of YUZZ, the program that promotes young talent, entrepreneurship and the creation of innovative initiatives. It is an initiative that was created in 2012 promoted by Banco Santander through Santander Universities and coordinated by the Centro Internacional Santander Emprendimiento (CISE).

Acquisitions | Acquisitions
OverActive Media acquires Mad Lions Esports Club

OverActive Media (OAM), the only global esports organization to own teams in the three biggest franchised leagues, has added the Madrid-based, MAD Lions Esports Club (MAD Lions E.C.) to its growing family of brands.

Acquisitions | Acquisitions
Tiller acquires the artificial intelligence Spanish startup Beesniss

Tiller Systems, the tech company that provides a point-of-sale solution, announces the acquisition of the artificial intelligence software for merchants Beesniss. For Tiller, the purchase comes one year after a 12 million euros fundraising, plus 8 million destined to external growth like mergers and acquisitions.

Ecosystem | Tech Angel
Quadram Mobile Venture, a new model of investment for startups

Quadram Mobile Ventures is an initiative launched by Quadram with the objective of helping startups, during their early stages, with capital, technology development and fundraising. It is not an acceleration program. It is a Tech Angel, a figure halfway between a business angel and a CTO, which provides startups with technological investment.

Startups | Spanish startups
Kuorum.org makes public engagement easier and more efficient

Kuorum is a comprehensive consultancy firm and SaaS that helps governments, companies and organizations carrying out participatory processes. The startup was launched in 2013 by Matías Nso, Iñaki Domínguez and José María García with €214k raised from angel investors, grants and convertible loans.

Ecosystem | Open Calls
IAG launches its latest Hangar 51 start-up accelerator

International Airlines Group (IAG) has launched its latest Hangar 51 global innovation programme in collaboration with Iberia, Vueling and IAG Cargo. The initiative will be based in Spain for the second time after the huge success of its previous Spanish programme in 2017.

Startups | Equity crowdfunding
Fellow Funders, uniting investors with business potential

Fellow Funders is a professional equity crowdfunding platform that enables investors, both institutional and individuals, to invest in early stage companies. Every project liable for investment is submitted to a thorough process of scoring and assessment, developed by Fellow Funders.

Startups | Spanish startups
Talentoo, the employment platform without direct participation from candidates

Talentoo is an employment web platform created in 2017 by the entrepreneur Javier Puebla. The startup has a B2B model that is completely different from the existing ones, since they cover a new market niche called recruitment crowdsourcing.

Startups | Spanish startups
SumaCRM, the simplest and most innovative tool for customer management

SumaCRM is CRM platform focused on SMEs and small businesses, in other words, an online tool to manage customers. Its innovation lies not only in its simplicity but also in its usefulness.

Business directory

Highlights

Startups
On&Off is a PR agency that specializes in Technology and Startups

Juan A. Baños Martín founded On&Off, a Public Relations and Communications agency specialized in Technology, Startups and E-commerce at the end of 2009 to respond to a demand for public relations in the technology sector.

Ecosystem
Quadram Mobile Venture, a new model of investment for startups

Quadram Mobile Ventures is an initiative launched by Quadram with the objective of helping startups, during their early stages, with capital, technology development and fundraising. It is not an acceleration program. It is a Tech Angel, a figure halfway between a business angel and a CTO, which provides startups with technological investment.

Ecosystem
Europe will boast first $50BN tech titan by 2021 according to GP Bullhound

Europe’s technology ecosystem is increasingly rivalling the might of US and Asian tech with Spotify and Adyen on track to become Europe’s first $50bn tech businesses by 2021, according to a new report to be released next week by technology advisory and investment firm GP Bullhound.

Startups
Kuorum.org makes public engagement easier and more efficient

Kuorum is a comprehensive consultancy firm and SaaS that helps governments, companies and organizations carrying out participatory processes. The startup was launched in 2013 by Matías Nso, Iñaki Domínguez and José María García with €214k raised from angel investors, grants and convertible loans.

Investments
Verse closes a seed funding round for Euro7M led by Greycroft Partners LLC

Verse, the Fintech App for millennials, obtains European payment license and closes a seed funding round for Euro7M led by Greycroft Partners LLC and international investors to expand to other European markets such as Italy, France and Portugal.

Ecosystem
IAG launches its latest Hangar 51 start-up accelerator

International Airlines Group (IAG) has launched its latest Hangar 51 global innovation programme in collaboration with Iberia, Vueling and IAG Cargo. The initiative will be based in Spain for the second time after the huge success of its previous Spanish programme in 2017.

Startups
Fellow Funders, uniting investors with business potential

Fellow Funders is a professional equity crowdfunding platform that enables investors, both institutional and individuals, to invest in early stage companies. Every project liable for investment is submitted to a thorough process of scoring and assessment, developed by Fellow Funders.

Investments
May ends with an accumulated €28.3M invested in Startups

May shows a decrease in investment in startups in Spain after the month ended with a cumulative 28.3 million Euro invested in a total of 13 operations and the hangover from April. Despite the fall in the cumulative investment in May, 2019 (€393.62m) continues to have a higher cumulative investment than 2018 (€333.16m).

Ecosystem
YUZZ evolves to Explorer, Banco Santander’s acceleration program

Explorer is the evolution of YUZZ, the program that promotes young talent, entrepreneurship and the creation of innovative initiatives. It is an initiative that was created in 2012 promoted by Banco Santander through Santander Universities and coordinated by the Centro Internacional Santander Emprendimiento (CISE).

Acquisitions
OverActive Media acquires Mad Lions Esports Club

OverActive Media (OAM), the only global esports organization to own teams in the three biggest franchised leagues, has added the Madrid-based, MAD Lions Esports Club (MAD Lions E.C.) to its growing family of brands.

Startups
Talentoo, the employment platform without direct participation from candidates

Talentoo is an employment web platform created in 2017 by the entrepreneur Javier Puebla. The startup has a B2B model that is completely different from the existing ones, since they cover a new market niche called recruitment crowdsourcing.

Startups
SumaCRM, the simplest and most innovative tool for customer management

SumaCRM is CRM platform focused on SMEs and small businesses, in other words, an online tool to manage customers. Its innovation lies not only in its simplicity but also in its usefulness.

Acquisitions
Tiller acquires the artificial intelligence Spanish startup Beesniss

Tiller Systems, the tech company that provides a point-of-sale solution, announces the acquisition of the artificial intelligence software for merchants Beesniss. For Tiller, the purchase comes one year after a 12 million euros fundraising, plus 8 million destined to external growth like mergers and acquisitions.

Startups
SamyRoad, the platform that puts people in touch with their passions

In 2012, Juan Sánchez-Herrera, Patricia Ratia & Marta Nicolás founded SamyRoad, an Influencer & Content Marketing trend content platform, leader in Europe and Latin America, which allows users to keep up to date with their passions: fashion, music, art, adrenaline, etc.

Investments
CEMEX Ventures invest in Energy Vault to support rapid deployment of energy store technology

CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced on Thursday its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network.

Ecosystem
AD&LAW, a spanish firm specialized in advising startups

AD&LAW was founded by Oliver von Schiller, Ignacio Wucherpfennig and Miguel Ángel Martínez at the end of 2009. Making use of all the technologies available in the market, they cover all the requirements of their clients from a financial, fiscal, accounting, payroll and legal perspective.

Ecosystem
Wayra and TheVentureCity sign a deal to invest jointly in deep tech startups

Wayra Spain and TheVentureCity have jointly signed a deal to invest in startups in the areas of Artificial Intelligence, Machine Learning, Internet of Things, Video, Cybersecurity, Edge Computing, among others. Each startup they invest on will receive up to 250k euros, from which Wayra can provide up to 150k euros.

Investments
Glovo closes a €150M Series D round led by Lakestar

Glovo, one of the most relevant and fastest growing companies in the delivery sector in the world, led by Óscar Pierre and with investment from important Spanish investors such as Seaya Ventures, Bonsai or Antai Venture Builder or business Angels such as Hugo Arévalo, Félix Ruiz, Bernardo Hernández or David Tomás, today announced a Series D financing round of 150 million Euro ($169M) led by the venture capital firm, Lakestar.

Investments
Report on investment in Startups in Spain 2018-2019

The newspaper El Referente launches through its English magazine, StartupsReal, the platform’s first paid report, which analyzes the evolution of investment in Spain over the last three years (2016 to 2018). The report also identifies and thoroughly details the 100 most active Spanish investment funds and investors in recent years.

Acquisitions
2018 ended with 34 Spanish technology company exits

2018 ended with a total of 34 public exits, sales of technology companies founded by Spanish entrepreneurs. A much higher number than in 2017, which was only 15 exits.