October continues to accumulate rounds and capital to this already historic year, which now exceeds €3.4 billion thanks to the €414M raised last month. This new boost comes once again thanks to a large investment round, that of Devo for €215 million, which enters the top 10 of the most important rounds of the year. The month of October saw 42 new operations, which helped the cumulative figure for 2021 to soar to 325, a record figure that exceeds the 309 obtained in 2020 with two months to go before the end of the year.
A highlight is that 60% of the investment is accumulated in the 10 largest investment rounds of the year, which comes from the hand of the first unicorns that were created in recent years in Spain: Glovo, Cabify, Idealista, Letgo, Devo, and Wallapop, among others, which total more than €2,000 million. In addition to the Devo round (€215M) this month we should highlight other important rounds such as Clikalia (€50M), Spotahome (€25M), and the rounds of Holaluz, Top Doctors and Mediktor, which amounted to around €11M.
In terms of sectors, Proptech is the sector with the highest cumulative investment (€624M) thanks in part to the rounds of Idealista, Spotahome. It is followed by the Delivery and Logistics sector (€467M) thanks to the mega round of Glovo, while in number of operations the fintech and health sectors must also be highlighted with 34 and 30 operations closed respectively, followed by the SaaS and Marketplace sectors with 19 operations.
Clikalia: the home buying and selling platform has closed one of the deals of the year: €450 million investment through a loan and a financing round. The round, which amounts to €50 million, was led by Mouro Capital.
Devo: the Spanish cloud-native security and data analytics company has announced a Series E funding round of €215 million ($250 million) and a valuation of €1.291 billion ($1.5 billion), making the company the first cybersecurity company in Spain to achieve unicorn status. The round was led by TCV, along with General Atlantic and Eurazeo, and existing partners Bessemer Venture Partners, Insight Partners, Georgian and Kibo Ventures.
Spotahome: the Spanish long and medium-term residential rental platform has completed a new financing with an investment of €25 million. The investment was made during the Covid-19 crisis, closing a first part in 2020, when it undertook a restructuring to adapt to the impact of the pandemic.
CrowdFarming: the marketplace for organic producers, has closed an investment round with the participation of QImpact, Seaya Ventures and Triodos Food Transition Europe Fund. Although it has not been officially confirmed, several media reports suggest that the total amount of the operation is around €15 million.
Holaluz: the green energy technology company has closed an investment round of €11.4 million. In this way, the company opts to strengthen its capital with the aim of increasing financial agility to execute potential acquisitions of marketing companies.
The operation is structured through a subordinated financing necessarily convertible into Holaluz shares for an amount of €11.4 million with maturity on 31 December 2021 and a conversion price of €13.81 per share.
Top Doctors: the online platform for finding and contacting medical specialists in private healthcare, has announced a new capital round of €11.2 million.
The investment was led by Impact Partners and ICF Venture Tech II, which become new equity partners.
Mediktor: the Spanish digital health company that provides medical assistant based on artificial intelligence, closed an investment round of €11 million. It will go to improve its technology and expand its international presence. The round was led by MTIP.
Multiverse Computing: the Spanish quantum computing startup for finance closed a €10 million seed round. The round was led by JME Ventures and also included Quantonation, EASO Ventures, Inveready, CLAVE Capital (Mondragón Promotion Fund), Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa and Ezten Fondo de Capital Riesgo.
Onna Technologies: the Catalan startup carried out a capital increase through an internal round, which strengthens the investment received in 2020 with a new amount of €9.4 million.
The operation has allowed several of the startup’s committed partners to continue contributing to its growth, as well as to increase or maintain their weight in its shareholding.
TROOP: the startup that facilitates in-person meetings for all users has closed a Series A investment round of €6.8 million to accelerate the success of its meeting management platform.
The round was led by Madrona Venture Group (USA) with participation from Epic Ventures (USA); GED CONEXO Ventures (ES); All Iron Ventures (ES); Plug and Play Ventures (USA); Travel Tech 1 – Top Seed Labs (ES) and Founders Factory (UK).
Katoo: the startup that facilitates the relationship between restaurants and their suppliers has closed a new €6.2 million round led by K-Fund, thus achieving a total investment of €9.2 million in just two years of operation. Also participating in this round were US funds Expa; FJ Labs; Soma Capital and Portugal’s VC Shilling Capital.
GFC and Otium Capital continue to bet on the vision of the founders.
RatedPower: the technology company that develops software to maximize the potential of solar PV plants and reduce the cost of solar energy has announced the closing of a €5 million funding round led by Seaya Ventures.
Consentio: the fruit and vegetable platform has closed a €4.5 million financing round led by Mundi Ventures. This international venture capital fund invests in Europe, USA, Israel and Singapore. Label Investments also participated in the round.
Ezzing Solar: the technology company in the renewable energy sector has raised €4.5 million thanks to a financing round. With this injection of capital, the startup will continue its international expansion, with the aim of gaining a foothold in Europe and America.
Vitaance: the southern European insurtech specializing in life insurance, has closed a €3 million financing round.
The round was led by Kindred Ventures and had participation of investors such as Softbank, Astorya, Shilling VC and K Fund, among other funds.
Flanks: the Spanish wealthtech that presents itself as an aggregator specializing in securities accounts in Spain, has raised €2.3 million in an investment round led by Spanish funds JME Ventures and SeedRocket 4Founders Capital.
Lanai Partners also participated.
Weecover: the insurtech specialized in embedded insurance has closed a €2.3 million investment round. The operation was led by Nauta Capital. The round also involved other funds such as Atorya VC, an investment firm specializing in insurtech in Europe.
Bigle Legal: the end-to-end document automation and e-signature software company has announced a new €2 million investment round. The capital injection was led by Adara Ventures and ICF Venture Tech.
Clever Global: the company specializing in supply chain security, sustainability and risk management, has entered into an investment agreement with the venture capital fund specializing in technology-based companies, Inveready, for €2 million in the form of convertible bonds.
Abogados para tus deudas: the company has signed a €1.6 million capital increase round with IMPACT Partners. The legaltech had previously obtained the support of Oryon Universal.
MOA Foodtech: has raised €1.5 million in a round led by Clave Capital. With it, it will be able to scale its production of sustainable proteins for food and gain presence in Asia and America.
Viscofan, Banco Sabadell, Eatable Adventures, Sodena and Big Idea Ventures also participated in the round.
Fixme Connect: the online platform that enables micro service companies to go digital has closed a €1 million investment round backed by international angels and investors.
Hamelyn: the instant pricing ecommerce that improves the experience of selling used books has closed its first round of investment worth €1 million.
The round was backed by Cabiedes & Partners, Itnig and Angels funds.
Taclia: the platform that allows service companies to consolidate all their business in one place has closed a €1 million pre-series A round. The capital injection was led by venture capital firms Abac Nest, Finaves V, Nacional Re and Juan Velayos.
The remaining operations, under one million euros, were: Aulart (€800,000); Shakers (€800,000); Ecomagnet (€700,000); Neutroon (€530,000); Re-Aviva (€510,000); Tuio (€450,000); Bamboo Energy (€375,000); Spathios (€370,000); TalentFY (€300,000); Capri Bikes (€250,000); Ziknes (€222,000); Venped (€200,000) and Newe (€170,000).