August closes with only six investment rounds and a cumulative €13.52M in investment, a very low figure that causes a drop in investment in startups in Spain at the end of the eighth month of the year.
July closed with 137,027 million euros invested in startups in Spain, a very interesting figure but somewhat lower than the investment seen in the same month in 2018 (188.56 million euros). This figure reflects that the accumulated investment in Spain following the closing of the seventh month is maintained at very similar numbers to those seen last year.
Travelperk has closed a 53 million Euro round with the support of Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.
Emérita Legal finishes its round of funding for €260.000 only after 4 days since its release date on Startupxplore. The €125.000 obtained by this route, in which several recognized lawyers and judicial and technology professionals took part, supplement the €135.000 from known business angels, funds, and other sources.
Adara Ventures, an established European Venture Capital (VC) firm based in Luxembourg, has announced that it has completed the first closing of its third fund (Adara Ventures III) with commitments in excess of €65 million. The new fund is backed by repeat cornerstone investors which include the European Investment Fund (EIF) and FondICO Global, as well as new benchmark investors, such as the Institut Català de Finances (ICF), Prosegur and Draper Esprit.
Ironhack, a Miami based company with 9 campuses in the US, Europe and LATAM, announced today an additional $4 million investment led by JME Venture Capital for the second time in two years, bringing Ironhack’s total funding to date to $7 million.
June does not slow down and maintains ascending constancy regarding investments in Spain, exceeding the figure of 81 million Euro invested in startups in our country in a total of 19 public operations. A figure that keeps alive the hopes of increasing investment this year (476,226 million Euro invested in Spanish technology) compared to 2018, the month ended with €431.3 million, a slightly lower figure.
PANGEA The Travel Store has closed a capital increase of 9 million Euro with which the company intends to complete its value proposition at the technological, product and equipment level. Also Citibox has raised 11 million Euro in its Series A investment round, in which Javier Rubió has also participated, with which the Spanish company accelerates and consolidates its national expansion in Madrid and Barcelona.
Verse, the Fintech App for millennials, obtains European payment license and closes a seed funding round for Euro7M led by Greycroft Partners LLC and international investors to expand to other European markets such as Italy, France and Portugal.
May shows a decrease in investment in startups in Spain after the month ended with a cumulative 28.3 million Euro invested in a total of 13 operations and the hangover from April. Despite the fall in the cumulative investment in May, 2019 (€393.62m) continues to have a higher cumulative investment than 2018 (€333.16m).