October ends with €120.462 million invested in a total of 42 public operations in startups, which makes the accumulated annual amount a little closer to one billion Euro, with two months left of the year: €843,022 million have already been invested in startups in 2020. And the highlight is that this has been done in the initial stages of the startups. Of the 42 operations in the month, twelve are Series A and B, while the rest (30) are in the pre-seed and seed phases. In 2020 it is becoming clear that more and more startups are raising investment and making it public. This year, 269 public operations have already been confirmed with two months to go before the end of the year, compared to 205 operations in 2019 and 199 in 2018. You can follow the evolution of all Spanish investments at the following link.
As for the most important rounds of the month, in October the ehealth startup Medilumics raised the most significant round (€14M), in an operation in which the funds Asabys Partners, VI Partners, CDTI Invierte, Andera Partners, Caixa Capital Risc and Innogest Capital participated. Another highlight is the investment of €12.88M obtained by Clarity AI, a company led by Rebeca Minguela and which has received investment from the funds Deutsche Börse AG and Alma Mundi Ventures, as well as the €12.71M round by Savana in which Cathay Innovation and Seaya Ventures participated. The sectors with the greatest growth this month are ehealth and biotech, which between them have accumulated ten operations, including two of the three most significant ones in October.
OCTOBER OPERATIONS
Medlumics: to complete the preclinical development of its technology and obtain the first human data, Medlumics has closed a €14 million Series E round, led by the venture capital firm Asabys Partners, VI Partners and CDTI Innvierte.
Clarity AI, which uses a cloud technology platform that uses big data and machine learning, announced at the end of the month that they had closed a €12.88 million investment round led by Deutsche Börse AG and Alma Mundi Ventures.
Savana: the Spanish healthtech company that uses artificial intelligence to convert clinical notes into structured information has closed a round of €12.71 million, led by Cathay Innovation and Seaya Ventures.
Bipi: the startup has obtained €10.5 million in a new Series B financing round. The operation was led by Adevinta Ventures, the investment branch of Adevinta that operates in 15 countries worldwide. Toyota Al Ventures and the communications group Atresmedia also participated. Current investors such as IDC Ventures, TA Ventures and Maniv Mobility, among others, joined the round.
Lingokids: the Spanish startup specialized in digital content in English for early ages, has closed a Series B investment round worth €8.5 million led by Ravensburger. Investors such as HV Holtzbrinck Ventures, JME Ventures, All Iron Ventures, 500 Startups, Athos Capital and Sharpetown also participated in the operation.
IriusRisk: the application security risk analysis platform, has raised €5.7 million in a Series A investment round led by the Paladin Capital Group fund, with the participation of 360 Capital Partners and the current investors Swanlaab, JME Ventures and Sonae Investment Management.
Kenjo: the Spanish-German human resources software company has closed a €5.1 million round. The operation was led by Redalpine. Kenjo’s objective is to accelerate the pace of innovation and development of the platform, as well as to strengthen its presence in Germany, Spain, and Latin America.
aptaTargets: the biotech startup obtained €5 million in the second round of financing. Inveready and the CDTI participated in it, through its INNVIERTE program, which will allow the mobilization of up to €5 million between 2020 and 2022. With these funds, aptaTargets aims to complete a clinical proof of concept in patients with acute ischemic stroke and close a licensing agreement.
Exoticca: the online platform specialized in big trips, has closed a round of €5 million led by the international fund Milano Investment Partners. The operation also included the participation of funds such as K Fund, Bonsai Partners, Pase Capital, Kibo Ventures and Sabadell Venture Capital
Impress: the startup closed a €5 million seed round. The operation included the investment funds TA Ventures, Bynd VC and Sabadell VC. It also had the participation of different European business angels.
Veritas Intercontinental, the leader in the application of preventive genomic medicine, has completed a financing round of €5 million. The operation will strengthen its international expansion and the development of new operational and technological capacities. This Series B round was led by Charme Capital Partners and Amadeus Capital Partners, who have supported the company since its creation in 2018. They were joined by Stemar Capital Partners and Graham Snudden, among others.
Emjoy: the Barcelona app has closed a seed round of €3 million. The operation was led by the fund JME Ventures and included the participation of Nauta Capital. Emjoy helps women to acquire routines that help them in their sexual care and fulfillment.
WOW is a marketplace of exclusive and innovative products from the world of hospitality, leisure, fashion, and home born created by Dimas Gimeno, former president of El Corte Inglés. Gimeno has launched the marketplace with the support of three other partners (FFF) and the venture capital firm FJ Labs, which has led the first round reaching 2.8 million dollars.
Pulpomatic: the technology company specialized in the operational management of all types of vehicles received a capital increase of €1.8 million. This came from the CDTI, through its Innvierte Program, and from the Swanlaab fund.
The Catalan digital health startup Methinks, has successfully completed a round of investment of €1.8 million. With the boost of Capital Cell, the Catalan startup managed to attract relevant investors in the digital environment. Including Marc Subirats and Joël Jean-Mairet.
Predictiva: the SaaS technology startup obtained €1.4 million from CDTi, which contributed €900,000, and ENISA, which issued a participative loan of €500,000. In July 2019, the company founded by Pablo Enciso raised around €2.6 million from the Swanlaab Giza venture capital fund, Banco Sabadell, and the Horizon 2020 program.
In addition, other companies in the pre-seed and seed phase have also closed investment operations this month, such as Picker, Kasaz, Efimob, AllRead MLT, bnc10, Kokoro Kids, Internxt, NEXT Electric Motors, Rosita, Journify, Kibus Petcare, Parallel, Healthinn, Discocil, EDIT. org, Heritae, SIARQ, Motoreto, Captoplastic, Porous Inks Technologies (PINKs), DoTricks, Sixphere, Baia Food and 4iQ.