Investments | Investments
Lingokids raises $40M for its early learning platform

Lingokids, a leading early learning platform, today announced $40M USD in funding. Launched in 2016, Lingokids is the playlearning™ app for children between 2 and 8 years old, helping more than 30 million families to expand their children’s vocabulary, improve their literacy and STEM skills, and develop important social and emotional skills in a fun, […]

Investments | Investments
Smileat raises one of the largest rounds among food startups and revolutionizes the organic baby food category.

Smileat, a leading Spanish company in organic baby food, closed last Friday a 1.8 M financing round. The capital increase operation has been led by Creas, with the participation of Quadia (with the mandate of Impact Investment of the Daniel and Nina Carasso Foundation), Tech Transfer Agrifood managed by Clave Capital and minority shareholders who […]

Investments | Investments
Fuell fintech has raised 1 million euros to do away with company expense sheets

Fuell, the Fintech resposible for creating the first corporate card which helps companies reduce expenses, has raised 1 million euros. The lead investor of the startup is K Fund, one of the most important funds in Spain focused on seed phase startups. Among the investors we also find  Wayra, the accelerator of  Telefónica, TheVentureCity, and […]

Startups
Wallbox, Seaya's third unicorn and first tech Spanish company to be merged with a SPAC

Wallbox, a leading  vehicle (EV) charging solutions, and Kensington Capital Acquisition Corp. II (“Kensington”), a special purpose acquisition company, today announced a definitive agreement for a business combination that would result in Wallbox becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Wallbox and listed on the NYSE […]

Investments | Investments
Capchase secures $125 Million in Series A Funding to launch just-in-time financing for tech companies and expand into the UK and Spain

Capchase is a platform for recurring-revenue companies to secure non-dilutive capital. Founded in Boston, MA in 2020, the company provides financing by bringing future expected cash flows to the present day – thereby extending an immediate line of credit. Companies that work with Capchase are able to secure funding that is fast, flexible, and doesn’t dilute their ownership.

Investments | Investments
Idoneo.com closed a €550,000 funding round led by DraperB1

Idoneo.com is a marketplace that allows you to find, compare and hire the best leasing car from the comfort of a sofa and have it delivered to your door. It is an online comparator with the widest choice and exclusive offers. Since its founding in 2019, Idoneo.com has gained a customer base consisting of a fleet of more than 1,500 cars; the company expects to reach a turnover of 1.3 million euros and a fleet of 3,000 cars by 2021.

Investments
Landbot secures €6.5M series A to help more businesses design smarter automated conversations with customers

Landbot enables any business to manage and automate conversations with their customers across their website, WhatsApp and Facebook Messenger. Enabling businesses to convert smarter, every time.

News
ALiCE Biometrics closes a €1.5 million investment round led by Mundi Ventures

ALiCE Biometrics expands its shareholding to the international arena with the entry of Mundi Ventures, which has operational offices in London, New York, Seattle, Barcelona and Madrid. The investment fund makes its network, with presence in more than 50 cities worldwide, available to the Galician spin-off.

Investments | United States
Clarity AI Raises $15m to Fuel Expansion of Platform lead by Deutsche Börse

Clarity AI is a global fintech company that empowers investors to manage the impact of their portfolios through a proprietary technology platform that leverages big data and machine learning to assess sustainability for all societal stakeholders. Founded in 2017 by Rebeca Minguela.

Ecosystem | Open Calls
UNWTO launches 4 new challenges to help re-start tourism

The Hospitality Challenge in collaboration with Sommet Education is a global call aiming to receive projects that can help hospitality sector reboot. This competition is designed to identify ideas and individuals capable of accelerating recovery while promoting inclusivity and sustainability in the sector to invent the hospitality of tomorrow.

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Highlights

Investments
Idoneo.com closed a €550,000 funding round led by DraperB1

Idoneo.com is a marketplace that allows you to find, compare and hire the best leasing car from the comfort of a sofa and have it delivered to your door. It is an online comparator with the widest choice and exclusive offers. Since its founding in 2019, Idoneo.com has gained a customer base consisting of a fleet of more than 1,500 cars; the company expects to reach a turnover of 1.3 million euros and a fleet of 3,000 cars by 2021.

Investments
Investment in Spanish startups reaches €1,767,271 million in the first four months of 2021

The 11 largest investment rounds of 2021 accumulate a total of €1,520.50M, which represents 86% of the total investment of the year. Glovo, one of the Spanish unicorns, leads the largest round of the year with €450 million.

Acquisitions
Affirm acquires the startup Returnly

Returnly is a leading provider of digital return experiences and post-purchase payments for direct-to-consumer brands. Returnly is the only return solution that lets customers get the right item before returning the wrong one. The result is a world-class shopping experience with an average consumer satisfaction score (CSAT) of 91%.

Investments
2020 ends with €1.101M invested in Spanish startups

Glovo and Flywire were the only investment rounds to exceed €100 million. The accumulated total for the year was 1,101,786 million Euro invested in a total of 338 public operations, the second best figure in the history of Spain.

Investments
August ends with 48 million Euro invested in Spanish startups

The month of August ended with an accumulated investment of €48 million, distributed in a total of 18 public investment rounds in Spain. An optimistic figure given the current crisis in Spain due to the coronavirus. The accumulated investment figure is almost identical to that of 2019 at the end of August (€606.124M) and is slightly lower than that obtained at the end of the eighth month of 2020: €607.314M.

Ecosystem
Acceleration calls focused on startups and entrepreneurs during the month of October 2019

Many corporations such as Abanca, Acciona, Iberdrola, Banco Sabadell, Bankia as well as specialized accelerators have decided to launch their acceleration calls after summer and all of them will coincide with the celebration of the South Summit in Madrid from 2 to 4 October, an important time of the year as the Spanish ecosystem is concentrated throughout the week in Madrid.

News
El Referente launches its fourth Investment Guide for Startups

The newspaper El Referente today released the fourth edition of the Investment Guide for Startups, now on sale on our online channels. After three years of growth in the number of guides sold, the magazine has once again opted for a 226-page edition in which it reviews all the agents in the ecosystem.