202208 Mar

Dealflow - Issue #311: WalletConnect raised $11M. Tencent buys Tequila Works. Facebook's Spanish bet.

Summary

Its also worth noting that DHs stock behaved much better through the rest of lasts week and ended up at +10% • Also last week, Glovo announced the acquisition of Portuguese foodtech startup Kitch, developers of software for restaurants to manage and centralize their delivery and takeaway, or create their own online store for their restaurant • Travelzoo acquired Secret Escape’s business in Spain, adding 1.5 million subscribers to its travel and leisure deals service • Wallbox, the Barcelona-based startup that sells various products and services for electric vehicles, announced Q4 2021 and full year revenues of $31M and $86M, respectively. As months went by and the pandemic hit, the sector saw consolidation in the form of M&A and many of the players were also forced to stop business due to regulation by local governments. Now that European unicorn Voi is back in Madrid, La Informacion looked at the current state of the sector • Streamloots, the Valencia-based startup that helps streamers monetise their audience, launched a new product: MyLastVideo, a single-URL creator that allows streamers to redirect their communities to their latest YouTube video • ForceManager says that its CRM solution for the mobile workforce is currently being used by 20,000 sales people and 1,500 customers • Glovo partially resumed operations across 20 Ukrainian cities, including the capital Kyiv, to provide essential services and give humanitarian support • Business Insider published an article about Cabifys mafia, which included interviews with six former employees of the company to ask them what they learned while working at the company and what theyre up to now • Bilbao-based fashion startu Lookiero currently has 550 employees and is looking to add 300 more this year • Fleet is a French startup that allows clients to rent computers and smartphones for a flat monthly fee. Its not exactly clear the reason behind the payment • If Orange and MasMovil merge finally happens, both companies will have to let go part of their 5G spectrum allocation • Uber increased by 50 cents each trip in Spain to compensate for high prices • Spotify and FC Barcelona announced a long-term partnership, which officially kicks off in July 2022, where Spotify will become the main partner of the club and the official audio streaming partner. Fingers crossed, because if applied well, it can be a good thing for both traditional SMBs and startups • Years later, the legal battle between VTC companies, operators of taxi alternatives, the CNMC and local governments continues • El Español published a profile of Xavier Padellorens, co-founder of ecommerce startup Deporvillage, which got acquired for between €125M and €150M last year • Asier Marques (Packlink) published a post about the roll out a new tool to measure and track the maturity level of the companys engineering teams • VC in times of war: how Russia’s invasion of Ukraine affects the Spanish startup ecosystem

Source: Dealflow

Funding

$11.25M
Amount
Mar 08 2022
Date
-
Investor
WalletConnect
Company

Classifications

Companies