January ends with more than 370 million Euro invested in Spanish startups

Investments january

2021 has started well. The month of January exceeded €370 million invested in startups in Spain, €377 million in a total of 32 public operations to be exact. And the year could not start better since December 2019 did not exceed the figure of 200 million in a month (236.5m). A big improvement on the 48m of January 2020 and which marks a positive trend in startup investment, after accumulating more than 400 million in the last four months of last year.

And this was partly thanks to the larges rounds by  Idealista (175m) and Jobandtalent (88m). In addition, Ironhack, which has closed a new round of 16.5 million Euro, and Universal DX, which closed a deal this month for 14 million Euro, have helped to make this amount so high. With regard to the most active sectors, the healthcare sector is once again the one that has closed the most deals (9), followed by other sectors such as fintech and edtech (3).

INVESTMENT SUMMARY

Idealista: the portal for buying and selling homes has once again closed a round of stratospheric figures: €175 million. The round has been led by EQT – a fund that until now had 100% of the company – and has had the participation of the management team. The novelty is the entrance of the British investment fund Oakley Capital, with about 50M €.

Jobandtalent: the company closed a €88 million financing round thanks to Seek, Atomico, Kibo, DN Capital, Quadrille and FJ Labs. The French fund Infravia is a new addition. In November 2019, the startup already closed a round of more than 70 million Euro thanks to the leadership of the Australian company Seek.

Ironhack: the digital talent training school closed a $20 million (€16.5 million) Series B round. The deal was led by the Lumos Capital fund and also included the Endeavor Catalyst Fund also participated, as well as existing investors Brighteye and Creas.

Universal DX: the biotech from Seville closed a €14 million round thanks to the participation of the company’s own shareholders. This contribution will allow the company to continue its clinical trials and complete its colon cancer detection test this year.

Unnax: the open banking and fintech solutions provider with a triple license regulated by the Bank of Spain, raised a Series A round of €7 million. This new capital injection (the third since its foundation) will allow Unnax to consolidate its current markets and launch in Latin America.

Landbot: The Spanish startup has raised €6.5 million with the aim of expanding its team and reaching many more customers worldwide. The investment round was led by the Swanlaab Venture Factory fund, with the participation of the CDTI, through its Innvierte program, and previous investors: Nauta Capital; Encomenda; and Bankinter.

ROUNDS BETWEEN FIVE AND ONE MILLION EURO

Meep: the mobility company has closed a €4 million financing round led by Liil Ventures. The funds will be used to increase Meep’s presence in Spain and to tackle new projects in the United States, Latin America, and Europe.

Devicare: Advanced MedTech Holdings (AMTH) announced its participation in a €2.45 million investment round in Devicare. The aim of the round is to support the development of the startup’s innovative urological treatment, which combines nutritional therapy with digitized monitoring. Devicare’s main partners are EMESA Capital, Juan Knuth, and its founder Rosendo Garganta, have participated in this round, together with Ship2B through Equity4Good.

Connecting Visions: Banco Santander will participate with €2 million in the capital increase of the Spanish startup Connecting Visions. Connecting Visions is one of the winners of the Santander X Tomorrow global entrepreneurship challenge, launched by the bank last year to encourage entrepreneurs to come up with innovative solutions to help mitigate the socio-economic consequences of the pandemic.

Aptadel Therapeutics: developing innovative treatments to fight childhood sarcomas. Aptadel Therapeutics is starting its activity with an initial financing of 1.7 million Euro. The deal was closed through private investors linked to the Alba Pérez Foundation in Barcelona.

RUTI Immune: the company raised €1.6 million through the collective investment platform Capital Cell. The aim is to fund its research and development of a vaccine for COVID-19 and other respiratory infections. The startup aims to discover whether the trained innate immunity triggered by the vaccine is effective in preventing SARS CoV-2 infection or mitigating its effects.

2gether: the financial platform specializing in cryptocurrency trading, closed a €1.5 million round through Fellow Funders. The funding obtained will go towards strengthening the company’s security and its hedging model.

Paymefy: the fintech that optimizes payment management using Artificial Intelligence, raised €1.2 million in an investment round in which various public and private organizations participated. The capital injection comes from venture capital funds Encomenda Smart Capital, the vehicle led by Carlos Blanco and Oriol Juncosa, and Daniel Romy’s Successful Ventures. Customer service company Emergia and Mnext also participated.

ROUNDS UNDER ONE MILLION EURO

In addition, other companies such as Classlife Education, the educational platform founded by Mario Espinosa, have closed investment rounds of less than one million Euro: the educational platform, founded by Mario Espósito; Innitius, Barbara IOT and Fastbase Solutions through Seed Capital Bizkaia; Frankie The King, the startup that improves the quality and life expectancy of pets through food; Froged, Spanish startup focused on improving user retention and support for SaaS businesses; Genbioma Aplicaciones, a Navarre company specializing in research and development services for the development of new solutions in the field of probiotics.

Start-ups such as Nannyfy, an educational technology platform that designs online content for children; Yamnaya, the leading ecommerce platform for CBD in Spain; DIVE Medical; RawData, which provides farm owners and managers with a data integration and decision-making support tool, have also closed rounds; Ancoram, the spin-off created under GAIN’s IGNICIA program; CO2 Revolution; Legal Pigeon; Vonzu, Nubentos; Doppli, Gate2Brain, Inbrain, Miwendo, Oxolife, ClarkLent; Gravity Wave; Tu Lecho al Techo and Pepper.