This is the Newsletter shared on the 27th of April. If you wish to receive newsletter faster, you can subscribe here: https://itnig.net/

Dear tech enthusiast,

Hungry for some news? We’ve got you covered! 

One of the biggest recent success stories in Europe is undeniably the money transfer startup Transferwise. The company has recently announced a $292 million in secondary share sale which won’t bring fresh money but will make some of their initial shareholders and employees pretty happy. Reports claim that this round has made 33 new millionairesWe might be seeing a wave of great Estonian startups coming up soon!

Last week was also very positive for the cloud-based identity platform for developers Auth0 as they raised $103 million to become a unicorn. And we lost the count. Unicorns don’t seem to be so rare in recent times and some start to question if the real unicorns are actually the profitable startups (like Transferwise seems to be).

– itnig’s team


Podcast #90: Serial executive and entrepreneur, Vicens Martí

In this week’s episode, Bernat Farrero (CEO @itnig) and Juan Rodriguez (CEO @camaloon) discuss the life of Vicens Martí, entrepreneur and executive of many companies.

Vicens defines himself as sector agnostic, he thinks that business is business and there is no such thing as “this industry is different”. After being an entrepreneur in the hospitality industry, playing different roles at Cirsa, AMC and Port Aventura, he went on to become one of the initial executives who started Vueling and brought it to the IPO. He learnt a lot from this process and specially from its founder Carlos Muñoz.

After a short period as CEO of the family-owned Custo Barcelona, he then was convinced by Carlos Blanco to lead Akamon and accepted the challenge for 5 years until he brought it to the 28M$ exit to a Canadian company. He keeps involved as the CEO of the acquiring company, then renamed to Tangelo Games.

Vicens thinks he can play a crucial role and “bring agency” to the places where he gets involved and have a rich personal life at the same time. He is now President at El Row, which makes over 30M€ and 5M in EBITDA by organizing electronic music shows. He especially enjoys this sector as he is a big fan of electronic music. As a bonus, he tells us the experience of participating in the Burning man annual festival.

View on YouTube | Listen on Spotify | Listen on Apple | Listen on Google | Listen on iVoox
And also in AnchorBreakerCastboxOvercast, and Stitcher.

  • New funding for startups 
    On-demand food delivery startup DoorDash raises $600 million, and now the company is worth $12.6 billion
  • Money transfer startup TransferWise gets $292 million in secondary share sale making 33 new millionaires
  • The Beijing-based online travel startup Mafengwo raises $250 million for online travel
  • Cloud-based identity platform for developers Auth0 is raising $103 million to become a unicorn
  • London-based social impact fintech startup Wagestream raises €46 million for its service to end payday poverty
    UK-based enterprise decision-making
  • Platform PROWLER.io raises €21.5 million Series B round at €90 million valuation
  • Finnish PropTech startup Kodit.io raises €12 million gives homeowners a stress-free way to quickly sell their homes for a fair price
  • Hamburg-based BIO-LUTIONS raises €8.3 million from Delivery Hero for its ecological alternatives to single-use plastics
  • French startup Dawex raises €5 million to accelerate the development of the Data Economy
  • Intelligent mobility startup Immense Simulations raises €4.1 million in Series A funding
  • Barcelona-based startup Ona Therapeutics raises €1,5 million developing an anti-metastasic medicine
  • The crediting startup Nemuru raises €1 million to increase its technological systems
  • Tiller Systems acquires the restaurant AI software Beesniss

Random tech news 

Product of the week 

Google has promised to change the gaming market with its Google Stadia a game console that allows you to play games running them on the cloud. In summer they will release prices, games and launch info!

Work with us 

Find out about more vacancies at itnig.net/jobs.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

B.

Business Angels: Who are they, what they do and how to find them

So, what is a Business Angel?

No, they’re not mythical creatures as the name suggests. They’re real life people that provide financing for startups with their own capital, in exchange of becoming partners of the company. 

Business angels look for ways to keep themselves active in a particular business area, they also may want to teach other entrepreneurs. Without getting to work full-time, that is, as much as what a management position requires or having the mission to build something from scratch. Therefore, in addition to money, the business angel invests valuable time, contacts and knowledge from their previous experience.

¿What are the most important things for a Business Angel?

The investment that these people make carries risks and it is normal for them to have concerns that may determine the viability or failure of the project.

  • Something very important, in addition to numbers, is usually the human facet of business; the passion, dedication and integrity of the startup founders. A business angel will care for these factors as much as the economic profitability calculations.
  • In more operational terms, the business angel will study the market and the opportunities offered by the startup.
  • The chosen startup must be able to respond to the business idea a business angel has in mind so that it meets their expectations of becoming a bigger company.
  • Business angels have a special eye for investment in interesting technology or intellectual property.

What kind of questions should entrepreneurs expect from a business angel?

  • How much capital would you want to invest?
  • How long will that capital last?
  • Do you have financial details about the projections for the next two years?
  • What do you base your projections on?
  • What key costs are there for your product or service?
  • What do you expect your profit margins to be?

Some business angels in Barcelona:

To find specific information about the Business Angels of Barcelona: click here