March ends with €622 million invested in startups thanks to Glovo’s mega-deal

March investments

March has become the record month for startup investments in Spain, thanks in part to the €450 million mega-round confirmed on Thursday by Glovo. In addition to the €100 million round announced by Jobandtalent and 30 other investment rounds confirmed in March, such as those of Inbrain Neuroelectrics, Barkibu, and Preply.

With March coming to an end, 2021 breaks all records for cumulative investment in the history of Spain, with over €1.5 billion invested in startups in three months, thanks to the March rounds of Glovo (€450M) and Jobandtalent (€100M), the rounds of Idealista (€250M) and Wallapop (€157M) in February; and the rounds of Idealista (€175M) and Jobandtalent (€88M) in January.

The current cumulative figure for the year breaks all the annual investment records in Spain, which reached €1,101 billion invested in 2020, €1,098 billion in 2019 and €1,227 billion in 2018.


Glovo: Delivery platform Glovo has closed a €450 million round to gain ground on competitors such as Deliveroo and Uber. The new Series F funding round was led by Lugard Road Capital and Luxor Capital Group.

Jobandtalent: The company announced a Series D investment round worth €100 million. This is the second investment received by the Spanish company so far in 2021, after raising €88 million in January. On this occasion, the operation was fully capitalized by SoftBank.

Preply: the online tutoring platform for learning languages, has closed an investment round of €29.5 million. Owl Ventures and Full Partners led the deal, which was also backed by former investors Point Nine Capital, Hoxton Ventures, EduCapital, Diligent Capital, Evli Growth Partners and All Iron Ventures.

INBRAIN Neuroelectronics: the company has closed a Series A round of €14.35 million, a transaction co-led by Asabys Partners and Alta Life Sciences. CDTI Innvierte and two international investors also participated: Vsquared Ventures and TruVenturo GmbH. the Basque company focused on AI services has announced the closing of a €7.12 million round. This responds to the objective of accelerating its growth and the landing of the company in Europe and the rest of the world.

Barkibu: the pet health platform has raised €4.7 million in a deal led by TheVentureCity, MundiVentures, the CDTI Innvierte program and Barkibu’s co-founders.

Aquí tu Reforma: the Spanish technology-based renovation franchise company, has successfully completed a €3 million round. The operation was led by Seaya Ventures and had the participation of previous investors such as Encomenda Smart Capital.

TaxDown: has closed a €2.4 million financing round. The operation was led by the US fund FJ Labs. The good results obtained by the company in 2020 have encouraged the investors in the pre-seed round to increase their stake in the startup. They are James Argalas, Baldomero Falcones and the founders of Jobandtalent, Juan Urdiales and Felipe Navío.

Endurance Motive: the Valencian startup has closed an investment round amounting to a total of €2 million, of which more than €200,000 were covered through Endurance Motive’s core business is the design and assembly of lithium-ion batteries for electromobility.

Kenmei Technologies: specializing in data analysis and automation of mobile networks through artificial intelligence, the startup has closed a Series A investment round of €1.5 million led by GoHub Ventures. The round was joined by MASventures and Wayra.

Other startups to close a million Euro or less round were Brickbro (€1M), HoMu Health Ventures (€1M), Twenix (€1M), Rentchester (€750,000),

Together Price (€500,000), BCOME (€350,000), Gazoom (€300,000),

Balio (€276,000), Fazil (€185,824), Proteus Innovation (€120,000), Livelia (€115,000), Upwine (€150,000), Vermut (€150,000), SeeDCash (€110,000), Entrii (€100,000), Incapto Coffe (€100,000), eStragy (€84,000) and the startups accelerated by BerriUp: Miru Studio (San Sebastian) and Almotech (Pamplona) to which they have injected €50,000 each.