Dealflow.es #484: 011h raised €20M. New Spaniards in YC. Factorial & Jobandtalent go AI.
- Dealflowes Newsletter <dealflowes@substack.com>
- Hidden Recipient <hidden@emailshot.io>
Dealflow.es #484: 011h raised €20M. New Spaniards in YC. Factorial & Jobandtalent go AI.A weekly summary of everything that happened in the Spanish startup and tech investing ecosystem.
Dealflow.es aims to be the best way to keep up with Spain’s startup ecosystem. This is a side project of mine. I spend the vast majority of my time investing in early stage startups as part of Kfund. We make investments of €100k to €10m. If you want to chat, drop me an email at jaime@kfund.vc Friendly reminder that we also have Dealflow France 🇫🇷 and Dealflow LatAm to follow startup and VC news in each ecosystem. Subscribe if you’re interested! This week’s newsletter is sponsored by Premios EmprendeXXI:
Startup funding news 💸Barcelona‑based construction‑tech company 011h has raised €20M led by Ship2B Ventures and CDTI. Founded in 2020 by Privalia’s Lucas Carné and José Manuel Villanueva, 011h builds modular, low‑carbon housing using engineered wood and light metal structures Clevergy, a Madrid-based climate-tech startup, has raised €3.2M in a round co-led by Racine² and Axon Partners Group. Clevergy offers a SaaS platform for utilities to monitor energy consumption, optimize solar performance, and manage smart devices Nymiz has raised €2M in funding led by Amsterdam’s TIN Capital. The Bilbao‑based privacy‑tech scaleup’s AI platform automates data anonymisation and pseudonymisation and already serves more than 70 clients in finance, legal and healthcare Multiverse Computing is reportedly attracting international investors for another “megaround.” Ecotechers says funds and investment banks are circling the Basque quantum‑software company just months after its last deal, with valuations approaching €2B and annualised revenue topping €40M. Details remain behind a paywall TeraDx, a Valencian biotech startup, has welcomed Zubi Labs as a new strategic investor to advance a saliva‑based diagnostic test for head and neck cancer Investor & accelerator news 🚀AltamarCAM Partners, in partnership with Galdana Ventures, launched Galdana Ventures 2026, a €100M fund of funds aimed at top-tier VC funds focused on AI, cybersecurity, fintech and SaaS. The fund will also pursue direct investments through secondaries and co-investments, with 60% of its capital targeted at the U.S., 30% in Europe, and 10% in Asia Inclimo Climate Tech, the VC fund backed by Sorigué, Antai and Fernando Casado, completed its final close at €33.6M—€7.2M more than in July 2024—after adding new investors like ICF and several family offices. The fund has already invested €7M in 13 climate-focused startups across Europe Spanish investors active abroad:
Startup news 💡New startups and product launchesThree new companies unveiled:
New products:
Startup financialsOpositatest, a Coruña-based edtech startup for public exam prep, expects to reach €7M in revenue this year without raising major funding. With over 70,000 paying users in 2024, it plans to hit €10M in 2026 and €15M by 2027. Founded in 2016, it blends test tech with human-curated content and now aims to expand beyond Spain through verticals and potential acquisitions, while leveraging AI for personalization. Busup has expanded to Mexico and strengthened its U.S. presence; the U.S. market is expected to rise from 5.5% to 25% of revenue within two years. The corporate‑transport platform now runs 4.5k daily routes, moving 60k passengers for 140 clients and has moved >20M passengers since launch. Other newsEl Referente put together a list of 15 Spanish fintech companies to keep an eye on. The list spans AI‑driven startups like BlabMoney (AI portfolio communications), Debalia (debt consolidation), Fibady (collections with AI), Finmetric, insurNOW!, Instant Factoring, Keibo, Kloutit, Murphy AI and others Profile of Fossa founder Julián Fernández. The satellite maker now has 50 employees and scaled revenue from €200k in 2023 to €1M in 2024. Fossa builds satellites and devices in‑house and already has four small satellites in orbit; it plans an 80‑unit constellation to deliver low‑bandwidth connectivity for livestock, military vehicles and IoT devices Yaba, the Amazon brand aggregator, is undergoing a shareholder restructuring as it struggles to refinance its €75M debt raised in 2022. French lender Tikehau Capital is set to take control by converting debt into equity, pending court approval. The move will heavily dilute early backers like JME Ventures, Crossbeam, and Inveready, as Yaba shifts focus to health & wellness brands amid sector-wide consolidation Glovo’s former legal chief, Marita Rancé, has testified in an ongoing criminal investigation against the company and CEO Óscar Pierre, stating he had final say over labor-related decisions—though based on external legal advice. Pierre responded via LinkedIn, defending her testimony as technically sound and denying she intended to incriminate him, calling the media coverage misleading and sensationalist
Seedtag, the Madrid-founded adtech scaleup, is doubling down on global growth under new CEO Brian Gleason, former CRO at Criteo. In a recent interview, Gleason highlighted the company’s expansion into CTV and its privacy-first, AI-powered “neuro-contextual” model. Seedtag recently reported 120% YoY growth in North America Big company & policy news 🤓Telefónica is reportedly preparing a large-scale workforce reduction that could affect up to 6,000 employees and cost around €2.3B, despite claiming no official layoff plan is on the table yet. The restructuring aligns with its upcoming strategic plan and follows a 2024 ERE affecting 3,400 staff Sngular reported strong 1H 2025 results: revenues grew +10% and EBITDA surged +30%, hitting a historic sales record and nearly matching its highest-ever EBITDA. Operating margin improved by 200bps to 12.5%, and operating profit per employee rebounded to €10.5k, nearing 2021 highs Booking.com has reached an agreement with workers in Spain to conclude an ERE affecting 33 employees—28 of them in Barcelona. Departing staff will receive generous severance packages: 45 days per year worked with no cap, a minimum of €30,000, and 80% of their annual bonus Interesting reads 🤓Forbes published “How Marbella Became A Haven For The C-Suite Elite”. Fun fact, I had no idea Spotify co-founder Daniel Ek spends time in the area and owns a house Thanks for reading Dealflow.es Newsletter! Subscribe for free to receive new posts and support my work.
|
Similar newsletters
There are other similar shared emails that you might be interested in: