Only in the month of July, record-breaking € 273 million have been invested in Spanish startups including Glovo and Flyware and chances are high that the year 2018 will exceed all previous years, business news ElReferente reports.
Since the beginning of the year, € 704 million of investments have been announced in the Spanish startup sector. More than a third of these (€ 273 million) fall into the month of July, in which Glovo (€ 113 million) and Flywire (€ 85 million) are leading the list of successful investment rounds.
In total, 24 investment operations have have been announced this month. In addition to Glovo and Flyware, the startups Fever (€ 17 million), 21 Buttons (€ 14.5 million) and Logdify (€ 10million) crossed the treshold of € 10 million, the newspaper reports.
Lodgify, a Barcelona-based vacation rental SaaS platform was in the headlines earlier this month with a solid €4.25 million in Series A funding obtained to take on new hires and expand its platform offerings from SME’s to enterprises, similar to Shopify. The company has gone a long way from his first round of seed funding in 2015.
Overall, 2018 has seen huge developments in investments in the Spanish startup sector. Two months ago, Spotahome was the first Spanish Startup ever managing to to secure an investment from Silicon Valley. The Madrid-based property rental startup raised €34 million by Silicon Valley’s Kleiner Perkins Caufield & Byers (KPCB) in a Series B round, hailed as a ‘a milestone for the Spanish entrepreneurial ecosystem’
If the investment boom continues, we might see 2018 beating last year’s record even before the year closes. In 2017, € 840 million were invested in startups, almost 50% more than in 2016, Spanish media reported.
These are the details of the all investments above € 1 million made this month, as reported by the media: