Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="c07ffc38b1069930091e6055d299ac76fc5946add4be60c882bcce6b3237" Subject: Dealflow.es #407: Booking.com's fine. Seaya's partial sale. Microsoft's Spanish bet. From: Dealflowes Newsletter To: Hidden Recipient Date: Mon, 26 Feb 2024 06:58:09 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: ewOcduQWpE8kZY83yINPgOf8a5EBFuMMYuy8O523PP1AhTHCBkhUKYzYey318BZwAuyY9GFMXD052-6OzTirxg== --c07ffc38b1069930091e6055d299ac76fc5946add4be60c882bcce6b3237 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable View this post on the web at https://dealflowes.substack.com/p/dealflowes-4= 07-bookingcoms-fine-seayas This week=E2=80=99s newsletter is sponsored by DoiT [ https://substack.com/= redirect/abf319a1-1b51-4ce9-a04b-d47ec3544735?j=3DeyJ1IjoiNGkza2oifQ.Av1IjL= abi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ]: DoiT es una compa=C3=B1=C3=ADa global multicloud, que ayuda a ingenieros y = empresas a enfrentarse a los desaf=C3=ADos multicloud. DoiT trabaja de la m= ano de organizaciones nativas digitales para innovar y optimizar su gasto e= n la nube, as=C3=AD como para impulsar el crecimiento empresarial. La tecnolog=C3=ADa inteligente de DoiT, DoiT Cloud Navigator, ayuda a gesti= onar los costos e infraestructura de la nube sin comprometer la velocidad o= la calidad. DoiT Cloud Solve ofrece una experiencia multicloud en an=C3=A1= lisis, optimizaci=C3=B3n y gobernanza de la arquitectura en la nube, as=C3= =AD como especializaciones en Kubernetes y AI, entre otras tecnolog=C3=ADas= =2E Las compa=C3=B1=C3=ADas que se asocian con DoiT, tienen acceso a los ingeni= eros de DoiT que son expertos en la nube y que te ayudar=C3=A1n a abordar t= us desaf=C3=ADos m=C3=A1s relevantes. =C3=9Anete a sus programas de AWS y Google Cloud sin riesgo y sin compromis= o. =C2=BFQuiere aprender m=C3=A1s? =C2=A1Programa una evaluaci=C3=B3n gratu= ita con su equipo! Welcome to another edition of the Dealflow.es newsletter. This is a free newsletter supported by sponsors [ https://substack.com/red= irect/d9b6481b-e8ff-4c29-af2a-6d9da54d9e0d?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi= 2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ]. If you=E2=80=99re interested in spons= orship opportunities, drop me an email at jaime@dealflow.es Dealflow is a side project. I spend the vast majority of my time investing = in early stage startups as part of Kfund [ https://substack.com/redirect/26= 15336a-abe0-402f-835c-9fe874b16fc7?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf1= 3k-i2X0JnCEslPprQ2lVE73SdM ]. We make investments of =E2=82=AC100k to =E2= =82=AC15m. If you want to chat, drop me an email at jaime@kfund.vc Startup funding news=C2=A0=F0=9F=92=B8 Bilbao-based WIVI Vision [ https://substack.com/redirect/cd5abf83-2e81-463a= -ae2c-39c755fd2db8?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPpr= Q2lVE73SdM ] raised =E2=82=AC4m [ https://substack.com/redirect/509eff9b-56= 84-48ed-8d46-20ffd9e4de6a?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0Jn= CEslPprQ2lVE73SdM ], led by Adara. The startup develops technical solutions= to improve visual function and quality of life Madrid-based health company Ailin [ https://substack.com/redirect/7048dc60-= e40d-4c1c-b7fc-9eda690b6ec4?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0= JnCEslPprQ2lVE73SdM ] raised =E2=82=AC1.5m [ https://substack.com/redirect/= 264fe41e-9d23-4d2f-91dc-0782180c45fb?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6js= f13k-i2X0JnCEslPprQ2lVE73SdM ]. Ailin positions itself as a pioneer in diag= nostic support solutions, offering home laboratory tests and result interpr= etation software for doctors Barcelona-based Pack2Earth [ https://substack.com/redirect/3d2e32a6-28fe-42= 75-aa63-c9c5d7b87675?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslP= prQ2lVE73SdM ] raised =E2=82=AC1m [ https://substack.com/redirect/b5a654ef-= ac18-49a4-8791-9930827ad567?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0= JnCEslPprQ2lVE73SdM ], led by German investor JRV Holding. Pack2Earth is de= velops compostable materials for packaging food and other products in a mor= e sustainable way Valencia-based proptech Cubicup [ https://substack.com/redirect/a4de18ea-ce= 12-43b6-b42a-4082ee64f5b8?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0Jn= CEslPprQ2lVE73SdM ] raised =E2=82=AC1m [ https://substack.com/redirect/1df9= 5220-b51d-4dff-8cdb-354f9a219939?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k= -i2X0JnCEslPprQ2lVE73SdM ], led by Bolsa Social Other rounds of funding: Manglai [ https://substack.com/redirect/f4c2da5a-d= 102-4ce0-9283-11becc4251c7?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0J= nCEslPprQ2lVE73SdM ] (=E2=82=AC500k), Veltis [ https://substack.com/redirec= t/150b453c-6078-4611-9bb6-9141f625c22d?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6= jsf13k-i2X0JnCEslPprQ2lVE73SdM ] (=E2=82=AC400k), Articae [ https://substac= k.com/redirect/64624b4f-e4ac-46a2-8e92-1b7eb5950cb2?j=3DeyJ1IjoiNGkza2oifQ.= Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ] (=E2=82=AC200k), Virmedex [ h= ttps://substack.com/redirect/7ada5baa-a240-4835-8f5c-373405de184e?j=3DeyJ1I= joiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ] (=E2=82=AC150k)= , Muse Scene Lab [ https://substack.com/redirect/3da9e259-87ec-4560-b8c2-b7= 7ab2b510b2?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73S= dM ] (=E2=82=AC130k), M&A activity =F0=9F=8E=8A Portobello Capital acquired nearly 20% [ https://substack.com/redirect/b955= 032f-8003-490c-ac27-6fe6f09583c6?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k= -i2X0JnCEslPprQ2lVE73SdM ] of Galician tech consulting firm Plexus Tech [ h= ttps://substack.com/redirect/ec7ab82c-1443-4cff-b140-07abedcabbca?j=3DeyJ1I= joiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ]. Plexus, founde= d in 2000, has shown significant growth with a 2023 revenue of =E2=82=AC185= m and an EBITDA of more than =E2=82=AC10m in 2022 Ebury [ https://substack.com/redirect/7bd6f048-f9ca-48a0-9f07-127c7d2ebe0d?= j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ], the f= intech startup that specializes in international payments and currency exch= ange and is controlled by Santander, says that it is waiting for an interes= t rate cut before going public [ https://substack.com/redirect/273c905c-3f4= 8-4ec7-9476-5714314f2cbb?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnC= EslPprQ2lVE73SdM ]. The company aims for a valuation over =E2=82=AC2 billio= n, linked to central banks' monetary policy shifts Cooltra [ https://substack.com/redirect/212cb4a6-6003-4fbf-9fff-08e7512b233= 8?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ] is s= et to acquire French startup Cityscoot [ https://substack.com/redirect/6365= d80e-9a66-471c-adb2-da999f8be96b?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k= -i2X0JnCEslPprQ2lVE73SdM ] for =E2=82=AC400k, saving it from liquidation. C= ooltra's offer includes keeping 30 employees and taking over Cityscoot's co= ntract with the city of Paris, giving it a leading position in the French c= apital Tiko [ https://substack.com/redirect/0e1fce92-eec7-4a23-8bc8-a6c06caef588?j= =3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ], a Span= ish digital real estate agency, has acquired [ https://substack.com/redirec= t/a46f99b2-72d0-490d-bfe7-ca5b595d1283?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6= jsf13k-i2X0JnCEslPprQ2lVE73SdM ] proptech company Housell [ https://substac= k.com/redirect/6d2e9435-032b-4117-8b43-6371d4390bf0?j=3DeyJ1IjoiNGkza2oifQ.= Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ], previously owned by Cerberus= and controlled by Aviv Group, to become the largest digital real estate ag= ency in Spain and Portugal in terms of the number of properties and geograp= hic coverage Shopfully, the owner of Tiendeo, has acquired [ https://substack.com/redire= ct/88991e12-755f-4ef7-bd67-b247bca58d7a?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN= 6jsf13k-i2X0JnCEslPprQ2lVE73SdM ] Ofertia, enhancing its position in Spain = and expanding its influence in Mexico and Colombia. Ofertia is known for ag= gregating deals and promotions across various retailers Investor & accelerator news =F0=9F=9A=80 According to El Confidencial, investment firm Seaya [ https://substack.com/= redirect/d70ba8e7-baa9-4864-87c7-d0fb0ca54a67?j=3DeyJ1IjoiNGkza2oifQ.Av1IjL= abi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ] is looking to sell [ https://substa= ck.com/redirect/9cc8f9a5-6d09-43b3-bbab-66fa336f1f3a?j=3DeyJ1IjoiNGkza2oifQ= =2EAv1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2l= VE73SdM ] up to 33% of its management=20= company to a =E2=80=9Cfinancial sponsor=E2=80=9D. The name of the investor = was not revealed Nina Capital [ https://substack.com/redirect/e12f14eb-71f0-4094-bdcd-76e57f= f6a0b9?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13k-i2X0JnCEslPprQ2lVE73SdM ]= is launching its third investment fund [ https://substack.com/redirect/a4b= 3da6c-9935-421c-8707-52a5193c1182?j=3DeyJ1IjoiNGkza2oifQ.Av1IjLabi2oN6jsf13= k-i2X0JnCEslPprQ2lVE73SdM ] aimed at raising =E2=82=AC50m, following =E2=82= =AC60m invested across 46 early-stage companies. The Barcelona-based firm s= pecializes in medical technology and digital health. The new fund will focu= s on early to Series A investments, with plans for 20 to 30 transactions ra= nging from =E2=82=AC200k to =E2=82=AC2m each An article in Expansion featured several Spanish VC firms (Kfund, Kibo, Sam= aipata, Aldea, and others) in the context of the more sophisticated investm= ents [ https://www.expansion.com/expansion-empleo/emprendedores/2024/02/19/= 65cf5dade5fdead13e8b45ab.html ] that these firms are making, increasingly b= etting on companies with stronger software and tech characteristics Startup news =F0=9F=92=A1 DoiT delivers technology and cloud expertise to buy, optimize, = and manage AWS, Google Cloud, and Microsoft Azure with ease. Navigate multi= cloud costs and usage with ease with the help of DoiT and its team of cloud= experts. For more information click here [ https://resources.doit.com/na-m= ulticloud-navigate-costs-usage-with-ease ]. Profile [ https://www.elmundo.es/economia/actualidad-economica/2024/02/22/6= 5ce376ae4d4d8925d8b4572.html ] of Innovamat [ http://Innovamat ], a Catalan= startip that blends traditional and digital learning methods to enhance st= udents' mathematics performance. The company serves over 2.1k schools acros= s nine countries. In 2023, the company reported revenues of =E2=82=AC16.7m = and also raised =E2=82=AC20m, led by Kibo Profile [ https://www.elespanol.com/invertia/disruptores-innovadores/disrup= tores/startups/20240223/startup-ciudad-real-encandila-google-solucion-ciber= seguridad-centrada-riesgo-humano/834416843_0.html ] of Zepo [ https://zepoa= pp.com/ ], a cybersecurity startup from Ciudad Real, has earned a spot in G= oogle's startup acceleration program. The company focuses on the human elem= ent, the weakest link in cybersecurity, utilizing AI to customize training = and detect social engineering in real-time Civislend [ https://www.civislend.com/ ], a proptech crowdlending platform,= aims to finance [ https://www.expansion.com/inmobiliario/mercado/2024/02/2= 2/65d65892468aeb5e5a8b4574.html ] real estate projects for =E2=82=AC90m in = 2024, up from =E2=82=AC33m last year Modulor Ventures [ https://www.modulor.ventures/es ], the parent company of= design and product companies such as Mendel Saltaren, Minimumrun or Codeha= ckers, said that it reached =E2=82=AC6m in sales [ https://www.larazon.es/e= conomia/startups/modulor-ventures-dobla-facturacion-superar-6-millones-euro= s_2024021965cf29d34129260001be140a.html ] last year with a profit of =E2=82= =AC1.1m. Profile of Modulor here [ https://www.elespanol.com/invertia/disru= ptores-innovadores/disruptores/startups/20240219/ecosistema-disruptor-bouti= ques-digitales-capta-mejor-talento-companias-inditex-repsol-iberia/83316680= 0_0.html ] On the topic of cybersecurity, Euskadi's cybersecurity sector is rapidly ex= panding [ https://www.elespanol.com/invertia/disruptores-innovadores/autono= mias/pais-vasco/20240222/euskadi-crecimiento-imparable-sector-cibersegurida= d-caida-constante-talento-tic/834166594_0.html ], boasting a rate of compan= ies per capita 3x higher than the national average in Spain. However, this = growth is challenged by a lack of tech talent and specialists Two Cabify [ https://cabify.com/es ] related news: Cabify is marketing hund= reds of VTC [ https://www.eleconomista.es/transportes-turismo/noticias/1267= 7953/02/24/cabify-pone-a-la-venta-miles-de-licencias-de-vtc-en-madrid-antes= -de-que-se-las-otorguen.html ] licenses in Madrid and the company also anno= unced that it will enter the the roadside assistance business [ https://www= =2Eeleconomista.es/transportes-turismo/= noticias/12678549/02/24/cabify-entra-e= n-el-negocio-de-la-asistencia-en-carretera-junto-a-europ-assistance.html ] = (asistencia en carretera). The latter agreement will allow drivers insured = by Europ Assistance to receive roadside assistance through Cabify vehicles Pelayo Cortina Koplowitz has appealed [ https://cincodias.elpais.com/compan= ias/2024-02-23/pelayo-cortina-koplowitz-redobla-el-pulso-a-jobandtalent-por= -el-valor-de-sus-acciones.html ] against a court ruling [ https://www.expan= sion.com/empresas/2024/01/22/65ad7b17468aebec188b45e5.html ] related to the= valuation of shares he sold in Jobandtalent, a job-search platform, in 201= 6. The appeal disputes the monetary compensation previously awarded, arguin= g for a higher valuation based on comparisons to sales by other shareholder= s at the time. The former investor seeks to increase the compensation for t= heir shares, initially valued at over =E2=82=AC800k, to a figure that could= be 10x An article in Expansion discusses [ https://www.expansion.com/expansion-emp= leo/emprendedores/2024/02/22/65d77865468aebd6278b459b.html ] startups that = have captured the interest of collectors across various fields, turning hob= bies into passions and significant financial investments. The article focus= es on the story and development of GeekSquare [ https://geeksquare.live/ ] Venped [ https://www.venped.com/ ], a startup that offer store owners the p= ossibility of managing their presence on multiple marketplaces from a singl= e interface, announced that it will shut down [ https://marketing4ecommerce= =2Enet/venped-presenta-un-concurso-de-a= creedores-ante-la-imposibilidad-de-afr= ontar-gastos/ ] Revolut has launched [ https://www.lainformacion.com/empresas/revolut-lanza= miento-roboadvisor-europa/2899212/ ] its own roboadvisor in Spain Big company & policy news =F0=9F=8F=A6 Big announcement by Microsoft: the tech giant announced [ https://elpais.co= m/tecnologia/2024-02-19/microsoft-anuncia-la-mayor-inversion-de-su-historia= -en-espana-para-infraestructura-de-ia.html ] the largest investment in its = history in Spain for AI and cloud infrastructure. The collaboration agreeme= nt with the Spanish government aims to grow by 4X its investments in AI and= cloud in the country, reaching $2.1b in 2024 and 2025. Microsoft plans to = open a Cloud Region of Data Centers in Madrid and build a Data Centers camp= us in Aragon. The agreement also includes the expansion of the use of AI in= public administration, the promotion of responsible AI, and the reinforcem= ent of national cybersecurity. More info here [ https://www.xataka.com/empr= esas-y-economia/inversion-microsoft-espana-tiene-problema-puede-ser-pan-par= a-hoy-hambre-para-manana ]. Brad Smith, president of Microsoft, said in a t= weet [ https://twitter.com/bradsmi/status/1759696070270189778 ] that =E2=80= =9CI=E2=80=99m thrilled to announce that we will expand our AI and cloud in= frastructure in Spain by $2.1B USD in the next two years. Our investment is= beyond just building data centers, it=E2=80=99s a testament to our 37-year= commitment to Spain, its security, and development and digital transformat= ion of its government, businesses, and people.=E2=80=9D On the topic of cloud providers, in an interview [ https://www.elmundo.es/e= conomia/actualidad-economica/2024/02/21/65cf6339e85ece127f8b4575.html ] in = El Mundo, the CEO of OVHcloud, the only major European cloud service provid= er, called for fair laws to address the monopoly in the cloud sector and en= able Europe to compete with tech giants from the US and China Spanish competition watchdog CNMC has plans to impose a $486m fine [ https:= //cincodias.elpais.com/companias/2024-02-23/la-cnmc-propone-una-sancion-a-b= ooking-de-486-millones-la-mayor-de-su-historia-por-abuso-de-posicion-de-dom= inio.html ] on travel company Booking.com for infringing on competition law= in Spain. Booking CEO Glenn Fogel stated that the company strongly disagre= es with the decision and will appeal if it becomes permanent. More info her= e [ https://skift.com/2024/02/22/booking-com-hit-with-530-million-fine-from= -spanish-regulators/ ] eDreams is currently in the process of legally preparing to respond to Ryan= air's veto on OTAs [ https://cincodias.elpais.com/companias/2024-02-22/edre= ams-se-rearma-legalmente-contra-el-veto-de-ryanair-a-las-agencias-online.ht= ml ]. Ryanair has accused these agencies, including eDreams, of behaving li= ke "pirates" by not paying a fee for utilizing the airline's flight catalog= and artificially inflating prices through concealed commissions and surcha= rges. Also last week, Expansion published an interview [ https://www.expans= ion.com/directivos/2024/02/20/65d37d2c468aeba8248b45be.html ] with the comp= any=E2=80=99s CEO, Dana Dunne Alfonso Paredes has been promoted by travel giant Expedia [ https://www.exp= ansion.com/empresas/transporte/2024/02/21/65d5cfcbe5fdea617b8b45ae.html ] t= o become the company=E2=80=99s B2B division Interesting reads =F0=9F=A4=93 Employment in the tech sector in [ https://www.diariosur.es/tecnologia/mal= aga-gran-capital-crece-empleo-tech-multiplica-20240221203134-nt.html ]M=C3= =A1laga [ https://www.diariosur.es/tecnologia/malaga-gran-capital-crece-emp= leo-tech-multiplica-20240221203134-nt.html ] has grown by 2.2x in the last = ten years, reaching nearly 20,000 workers in technological activities An op-ed in Sifted wondered [ https://email.sifted.eu/is-spain-getting-its-= act-together?ecid=3DACsprvsnSo1CH3M3W8woH-MwGSqe9IBI8ogSuuFvabT70n6--D7hFFG= d4SmbIexcuUUV6pUSrUjS&utm_campaign=3DSifted%20Daily%20Newsletter&utm_medium= =3Demail&_hsmi=3D294762972&_hsenc=3Dp2ANqtz-9QigJ0jCkuK64J4wjJg7sglIZrSsXbi= QDCg8ZWatl1f-G4GMsB8dV5H7RHG5Cordm35bWVhyJEV8SP3r2UQ0gS1D00XA&utm_content= =3D294762972&utm_source=3Dhs_email ] =E2=80=9CIs Spain getting its act toge= ther?=E2=80=9D and looked at the most recent developments in the Spanish te= ch sector Felix Lopez, VP of Engineering at Tinybird, wrote [ https://flopezluis.subs= tack.com/p/que-es-un-tech-lead?utm_campaign=3Dpost&showWelcomeOnShare=3Dtru= e ] =E2=80=9C=C2=BFQu=C3=A9 es un tech lead?=E2=80=9C Ignacio Arriaga, co-founder of Acumbamail, published [ https://disaaster.io= /guia-anuncios-b2b/?utm_campaign=3Ddisaaster&utm_medium=3Demail&utm_source= =3Dnewsletter ] =E2=80=9CGuia de anuncios para B2B=E2=80=9C Podcasts =F0=9F=8E=A7 Kfund interviewed [ https://www.kfund.vc/post/podkast-216---miguel-carranza= -revenuecat-ano-6-como-founder-cto ] Miguel Carranza, co-founder of Revenue= Cat Itnig interviewed [ https://youtu.be/fW9GaiTX7A8?si=3DJifswBQaEVUKgOJz ] th= e founders of Holded to talk about the company=E2=80=99s history and exit t= o Visma SeedRocket interviewed [ https://www.youtube.com/watch?v=3DWhkKWJKFCkE ] Pa= blo Szefner, co-founder of Moonoa Curioso Dinero interviewed [ https://open.spotify.com/episode/3diJMnbfnMcIb= wKA5IUp8r?nd=3D1&dlsi=3D3192ba841d6c4f3f ] Ignacio Zaera of Simpling Product Hackers interviewed [ https://producthackers.com/es/podcast/pomelo-= hernan-corral/ ] Hern=C3=A1n Corral, CPO and co-founder of Argentinian star= tup Pomelo Thanks for reading Dealflow.es Newsletter! Subscribe for free to receive ne= w posts and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2V= zLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybGtJam= 8zTlRZeU9EazVMQ0p3YjNOMFgybGtJam94TkRFNU9UUXdORFlzSW1saGRDSTZNVGN3T0Rrek1EW= TVNeXdpWlhod0lqb3hOekV4TlRJeU5qa3pMQ0pwYzNNaU9pSndkV0l0TlRRMk5pSXNJbk4xWWlJ= NkltUnBjMkZpYkdWZlpXMWhhV3dpZlEuRVRtc1lMZ2pONzdIZExzQmZPNXdicHhUbEpGWXhqUkt= zaE84SHFYd0ZQUSZleHBpcmVzPTM2NWQiLCJwIjoxNDE5OTQwNDYsInMiOjU0NjYsImYiOnRydW= UsInUiOjc1NjI4OTksImlhdCI6MTcwODkzMDY5MywiZXhwIjoxNzExNTIyNjkzLCJpc3MiOiJwd= WItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.0PEmw9G8gUZYOoE6L8SYmQrFfRNhES6UQwK1K= ilHL6I? --c07ffc38b1069930091e6055d299ac76fc5946add4be60c882bcce6b3237 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow.es #407: Booking.com's = fine. Seaya's partial sale. Microsoft's Spanish bet.
This week’s newsl= etter is sponsored by DoiT: DoiT es una compañía global multiclou= d, que ayuda a ingenieros y empresas a enfrentarse a los desafíos mult= icloud. DoiT trabaja de la mano de organizaciones nativas digitales para in= novar y optimizar su gasto en la nube, así como para impulsar el creci= miento empresarial.
͏ ‌     ­͏ ‌  =   ­͏ ‌     ­͏ ‌    = ; ­͏ ‌     ­͏ ‌     ­= ͏ ‌     ­͏ ‌     ­͏ = ‌     ­͏ ‌     ­͏ ‌ =     ­͏ ‌     ­͏ ‌   =   ­͏ ‌     ­͏ ‌    = ­͏ ‌     ­͏ ‌     ­&= #847; ‌     ­͏ ‌     ­͏ &= zwnj;     ­͏ ‌     ­͏ ‌ &= nbsp;   ­͏ ‌     ­͏ ‌   &= #8199; ­͏ ‌     ­͏ ‌     = ­͏ ‌     ­͏ ‌     ­&#= 847; ‌     ­͏ ‌     ­͏ &z= wnj;     ­͏ ‌     ­͏ ‌ &n= bsp;   ­͏ ‌     ­͏ ‌   &#= 8199; ­͏ ‌     ­͏ ‌     &= shy;͏ ‌     ­͏ ‌     ­= 47; ‌     ­͏ ‌     ­͏ &zw= nj;     ­͏ ‌     ­͏ ‌ &nb= sp;   ­͏ ‌     ­͏ ‌   = 199; ­͏ ‌     ­͏ ‌     &s= hy;͏ ‌     ­͏ ‌     ­T= 7; ‌     ­͏ ‌     ­͏ &zwn= j;     ­͏ ‌     ­͏ ‌ &nbs= p;   ­͏ ‌     ­͏ ‌   Q= 99; ­͏ ‌     ­͏ ‌     &sh= y;͏ ‌     ­͏ ‌     ­͏= ; ‌     ­͏ ‌     ­͏ &zwnj= ;     ­͏ ‌     ­͏ ‌  = ;   ­͏ ‌     ­͏ ‌   ̳= 9; ­͏ ‌     ­͏ ‌     ­= ;͏ ‌     ­͏ ‌     ­͏= ‌     ­͏ ‌     ­͏ ‌=     ­͏ ‌     ­͏ ‌  =   ­͏ ‌     ­͏ ‌    = ; ­͏ ‌     ­͏ ‌     ­= ͏ ‌     ­͏ ‌     ­͏ = ‌     ­͏ ‌     ­͏ ‌ =     ­͏ ‌     ­͏ ‌   =   ­͏ ‌     ­͏ ‌    = ­͏ ‌     ­͏ ‌     ­&= #847; ‌     ­͏ ‌     ­͏ &= zwnj;     ­͏ ‌     ­͏ ‌ &= nbsp;   ­͏ ‌     ­͏ ‌   &= #8199; ­͏ ‌     ­͏ ‌     = ­͏ ‌     ­͏ ‌     ­&#= 847; ‌     ­͏ ‌     ­͏ &z= wnj;     ­͏ ‌     ­͏ ‌ &n= bsp;   ­͏ ‌     ­͏ ‌   &#= 8199; ­͏ ‌     ­͏ ‌     &= shy;͏ ‌     ­͏ ‌     ­= 47; ‌     ­͏ ‌     ­͏ &zw= nj;     ­͏ ‌     ­͏ ‌ &nb= sp;   ­͏ ‌     ­͏ ‌   = 199; ­͏ ‌     ­͏ ‌     &s= hy;͏ ‌     ­͏ ‌     ­T= 7; ‌     ­͏ ‌     ­͏ &zwn= j;     ­͏ ‌     ­͏ ‌ &nbs= p;   ­͏ ‌     ­͏ ‌   Q= 99; ­͏ ‌     ­͏ ‌     &sh= y;͏ ‌     ­͏ ‌     ­͏= ; ‌     ­͏ ‌     ­͏ &zwnj= ;     ­͏ ‌     ­͏ ‌  = ;   ­͏ ‌     ­͏ ‌   ̳= 9; ­͏ ‌     ­͏ ‌     ­= ;͏ ‌     ­͏ ‌     ­͏= ‌     ­͏ ‌     ­͏ ‌=     ­͏ ‌     ­͏ ‌  =   ­͏ ‌     ­͏ ‌    = ; ­͏ ‌     ­͏ ‌     ­= ͏ ‌     ­͏ ‌     ­͏ = ‌     ­͏ ‌     ­͏ ‌ =     ­͏ ‌     ­͏ ‌   =   ­͏ ‌     ­͏ ‌    = ­͏ ‌     ­͏ ‌     ­&= #847; ‌     ­͏ ‌     ­͏ &= zwnj;     ­͏ ‌     ­͏ ‌ &= nbsp;   ­͏ ‌     ­͏ ‌   &= #8199; ­͏ ‌     ­͏ ‌     = ­͏ ‌     ­͏ ‌     ­&#= 847; ‌     ­͏ ‌     ­͏ &z= wnj;     ­͏ ‌     ­͏ ‌ &n= bsp;   ­͏ ‌     ­͏ ‌   &#= 8199; ­͏ ‌     ­͏ ‌     &= shy;͏ ‌     ­͏ ‌     ­= 47; ‌     ­͏ ‌     ­͏ &zw= nj;     ­͏ ‌     ­͏ ‌ &nb= sp;   ­͏ ‌     ­͏ ‌   = 199; ­͏ ‌     ­͏ ‌     &s= hy;͏ ‌     ­͏ ‌     ­
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Dealflow.es #407: Booking.com's fine. Seaya's partial sale. Micros= oft's Spanish bet.

Jaime Novoa=
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READ IN APP
 

This week’s newsletter is sponsored by DoiT:

DoiT es una compañí= ;a global multicloud, que ayuda a ingenieros y empresas a enfrentarse a los= desafíos multicloud. DoiT trabaja de la mano de organizaciones nativa= s digitales para innovar y optimizar su gasto en la nube, así como par= a impulsar el crecimiento empresarial.

La tecnología inteligente de DoiT, Doi= T Cloud Navigator, ayuda a gestionar los costos e infraestru= ctura de la nube sin comprometer la velocidad o la calidad. DoiT Cloud Solv= e ofrece una experiencia multicloud en análisis, optimización y g= obernanza de la arquitectura en la nube, así como especializaciones en= Kubernetes y AI, entre otras tecnologías.

Las compañías que se asocian con DoiT, tienen= acceso a los ingenieros de DoiT que son expertos en la nube y que te ayuda= rán a abordar tus desafíos más relevantes.

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Wel= come to another edition of the Dealflow.es newsletter.

This is a free newsletter supported by= sponsors. If you’re interested in sponsorship opportunitie= s, drop me an email at jaime@dealflow.es

<= em>Dealflow is a side project. I spend the vast majority of my time i= nvesting in early stage startups as part of Kfund. We make investments of €100k to €15m. If you want to chat= , drop me an email at jaime@kfund.vc

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Startup funding news 💸

WIVI Vision raised €4m, led by Adara. The star= tup develops technical solutions to improve visual function and quality of = life

Madrid-based health company <= strong>Ailin raised = 364;1.5m. Ailin positions itself as a pioneer in diagnostic suppo= rt solutions, offering home laboratory tests and result interpretation soft= ware for doctors

Barcelona-based <= strong>Pack2Earth raised Valencia-based proptech= Cubicup raised €1m, led by Bolsa Social

Other rounds of funding: Manglai (€500k), Veltis (€400k), Articae (€200k), Virmedex (= €150k), Muse Scene Lab= (€130k),

M&A activity = 882;

Portobello Capital acq= uired nearly 20% of Galician tech consulting firm = Plexus Tech. Plexus, founded in 2000, has s= hown significant growth with a 2023 revenue of €185m and an EBITDA of= more than €10m in 2022

Ebury, the fintech startup that specializes in i= nternational payments and currency exchange and is controlled by Santander,= says that it is waiting for an interest rate cut befor= e going public. The company aims for a valuation over €2 bi= llion, linked to central banks' monetary policy shifts

Cooltra is set to acquire French startup Cityscoot for €400k, = saving it from liquidation. Cooltra's offer includes keeping 30 employees a= nd taking over Cityscoot's contract with the city of Paris, giving it a lea= ding position in the French capital

Tiko, a Spanish digital real estate agency, has acquired proptech company Housell, previously owned by Cerberus and con= trolled by Aviv Group, to become the largest digital real estate agency in = Spain and Portugal in terms of the number of properties and geographic cove= rage

Shopfully, the owne= r of Tiendeo, has acquired Ofe= rtia, enhancing its position in Spain and expanding its infl= uence in Mexico and Colombia. Ofertia is known for aggregating deals and pr= omotions across various retailers

Inve= stor & accelerator news 🚀

According= to El Confidencial, investment firm Seaya<= /strong> is looking to sell up to 33% o= f its management company to a “financial sponsor”. The name of = the investor was not revealed

Nina Capital is launching it= s third investment fund aimed at raising €50m, following &#= 8364;60m invested across 46 early-stage companies. The Barcelona-based firm= specializes in medical technology and digital health. The new fund will fo= cus on early to Series A investments, with plans for 20 to 30 transactions = ranging from €200k to €2m each

An article in Expansion featured several Spanish VC firms (Kfund, Kibo, S= amaipata, Aldea, and others) in the context of the more= sophisticated investments that these firms are making, increasin= gly betting on companies with stronger software and tech characteristics

Start= up news 💡

<sponsored> DoiT delivers techno= logy and cloud expertise to buy, optimize, and manage AWS, Google Cloud, an= d Microsoft Azure with ease. Navigate multicloud costs and usage with ease = with the help of DoiT and its team of cloud experts. For more information c= lick here. </sponsored>

Profile of = Innovamat, a Catalan startip that blends traditional and= digital learning methods to enhance students' mathematics performance. The= company serves over 2.1k schools across nine countries. In 2023, the compa= ny reported revenues of €16.7m and also raised €20m, led by Kib= o

Profile of Zepo, a cybersecurity star= tup from Ciudad Real, has earned a spot in Google's startup acceleration pr= ogram. The company focuses on the human element, the weakest link in cybers= ecurity, utilizing AI to customize training and detect social engineering i= n real-time

Civislend<= /strong>, a proptech crowdlending platform, aims = to finance real estate projects for €90m in 2024, up from &= #8364;33m last year

Modulo= r Ventures, the parent company of design and product com= panies such as Mendel Saltaren, Minimumrun or Codehackers, said that it reached €6m in sales last year with a prof= it of €1.1m. Profile of Modulor here

On the topic of cybersecurity, Euskadi's = cybersecurity sector is rapidly expandin= g, boasting a rate of companies per capita 3x higher than the nat= ional average in Spain. However, this growth is challenged by a lack of tec= h talent and specialists

Two Cabify related news: Cabify is marketing hundreds of VTC licenses in Madrid and the c= ompany also announced that it will enter the the roadsi= de assistance business (asistencia en carretera). The latter agre= ement will allow drivers insured by Europ Assistance to receive roadside as= sistance through Cabify vehicles

Pelayo= Cortina Koplowitz has appealed against a court ruling related to the valua= tion of shares he sold in Jobandtalent, a job= -search platform, in 2016. The appeal disputes the monetary compensation pr= eviously awarded, arguing for a higher valuation based on comparisons to sa= les by other shareholders at the time. The former investor seeks to increas= e the compensation for their shares, initially valued at over €800k, = to a figure that could be 10x

An article = in Expansion discusses startups that have cap= tured the interest of collectors across various fields, turning hobbies int= o passions and significant financial investments. The article focuses on th= e story and development of GeekSquare

Venped, a = startup that offer store owners the possibility of managing their presence = on multiple marketplaces from a single interface, announced that it will shut down

Revolut has launched its own roboadvisor in = Spain

Big company & policy news &#= 127974;

Big announcement by Micr= osoft: the tech giant announced the largest investment in its history in Spain for AI and cloud infrastru= cture. The collaboration agreement with the Spanish government aims to grow= by 4X its investments in AI and cloud in the country, reaching $2.1b in 20= 24 and 2025. Microsoft plans to open a Cloud Region of Data Centers in Madr= id and build a Data Centers campus in Aragon. The agreement also includes t= he expansion of the use of AI in public administration, the promotion of re= sponsible AI, and the reinforcement of national cybersecurity. More info here. Brad Smith, president of Microsoft, said = in a tweet that “I’m t= hrilled to announce that we will expand our AI and cloud infrastructure in = Spain by $2.1B USD in the next two years. Our investment is beyond just bui= lding data centers, it’s a testament to our 37-year commitment to Spa= in, its security, and development and digital transformation of its governm= ent, businesses, and people.”

On the = topic of cloud providers, in an interview in = El Mundo, the CEO of OVHcloud, the only major= European cloud service provider, called for fair laws to address the monop= oly in the cloud sector and enable Europe to compete with tech giants from = the US and China

Spanish competition watc= hdog CNMC has plans to impose a $486m fine on= travel company Booking.com for infringing on= competition law in Spain. Booking CEO Glenn Fogel stated that the company = strongly disagrees with the decision and will appeal if it becomes permanen= t. More info here

eDre= ams is currently in the process of legal= ly preparing to respond to Ryanair's veto on OTAs. Ryanair has ac= cused these agencies, including eDreams, of behaving like "pirates&quo= t; by not paying a fee for utilizing the airline's flight catalog and artif= icially inflating prices through concealed commissions and surcharges. Also= last week, Expansion published an interview = with the company’s CEO, Dana Dunne

Alfonso Paredes has been promoted by t= ravel giant Expedia to become the company’s B2B division

Interesting reads 🤓

Employment in the tech sector in Málaga has grown by 2.2x in the = last ten years, reaching nearly 20,000 workers in technological activities<= /span>

An op-ed in Sifted wo= ndered “Is Spain getting its act together?<= span>” and looked at the most recent developments in the Spanish tech= sector

Felix Lopez, VP = of Engineering at Tinybird, wrote “¿Qué es un tech lead?“

Ignacio Arriaga, co-founder of Acumbamail,= published “Guia de anuncios= para B2B“

Podcasts &= #127911;

Kfund interviewed<= /a> Miguel Carranza, co-founder of RevenueCat

Itnig interviewed the founders of Holded to talk about the company’s history and exit to Visma=

SeedRocket interviewed<= span> Pablo Szefner, co-founder of Moonoa

Curioso Dinero interviewed Ignacio Zaera = of Simpling

Product Hack= ers interviewed Hernán Co= rral, CPO and co-founder of Argentinian startup Pomelo

Thanks for reading Dealflow.es Newslette= r! Subscribe for free to receive new posts and support my work.

Subscribed

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