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Startup funding news 💸
€10M+ rounds:
Helicon, a US-based startup co-founded by Spaiard Edmundo Sanz-Gadea, raised €14M in a round led by AlleyCorp. The company will build a Los Angeles factory that uses AI and robotics to automate production of materials for drones
€1M to €10M rounds:
Incapto, the Barcelona-based speciality-coffee platform, secured €5.5M from McWin Capital Partners (they own around 20%). Incapto did €15M in 2025 revenue and targets €26M this year
Cofrai, a Madrid-based company which develops vertical software for fire-protection companies, raised €2.6M led by DFF Ventures, with Swanlaab participating
Autentic AI raised €1.5M in pre-seed funding from Baobab Ventures (Carles Reina), Lanai Ventures, Acurio Ventures and Masia VC. The Barcelona-based uses AI for market research
SafeLoc Systems, a Basque startup that tracks workers and vehicles in factories to prevent accidents, raised €1.45M in a round led by Kutxa Fundazioa, with BeAble Capital and Basque Tek Ventures
Mothium, a Seville-based manufacturer of commercial EVs, closed a €1M round backed by Impacto Andalucía Innovación y Desarrollo, managed by Arcano Partners, and Fundalogy
Other rounds of funding:
Kompanion, a Barcelona-based platform for accounting, tax, payroll and insurance management, raised €800k, led by JME, and with participation from Acurio and BStartup
Alter5, an AI-powered platform for corporate and project finance, secured an investment from Mutua Ventures, which acquired a 10% stake for an undisclosed amount
M&A news 🎊
Bcas, edtech fintech, acquired German company Lendorse. Bcas expects to finance more than 11,000 students and deploy €40M in 2026.
Maite AI, a Barcelona-based startup developing an AI assistant for lawyers, was acquired by France’s Doctrine 2 years after launching and without raising external funding. Sources valued the transaction in the tens of millions. Ecotechers has the details Maite AI has more than 3,000 clients and estimated ARR of around €4.5M.
Startup news 💡
Startup financials:
Multiverse Computing kept its €500M Series C open almost three months after announcing it. Investor materials cited €125M in annualised recurring revenue to June, while audited 2025 accounts reported €11M in revenue. Ecotechers has the details
Jobandtalent financials in Spain: losses increased to nearly €120M from €92.3M, while revenue slipped around 1% to €1.8B. The company extended its €350M BlackRock loan to October 2028, added a €25.75M liquidity line and reduced average headcount by roughly 400
Holded targets 40% growth in 2026, aiming for €42M in revenue, more than €50M in ARR and €2M in EBITDA
Twenix, the Almería-based business-English platform, reached profitability in 2025 and expects €14M in 2026 sales while doubling EBITDA. B2B accounts for 98% of sales and serves 1,500 companies
Sngular published its audited first-half 2026 results, highlighting revenue growth, a stronger cash position, low debt and reduced dependence on its largest clients
New startups and product launches:
Securitize launched tokenised shares of 12 US companies, including Apple, Nvidia, Tesla, SpaceX and Palantir. They’re issued on Solana and settled in USDC
Speridlabs released Iris-3B, an open-source AI model that generates images directly, pixel by pixel
Urbanitae and wealth manager Abante launched Real Estate Debt Strategies, a €50M-target hedge fund investing in a diversified portfolio of property loans
Factorial relaunched its assistant One as a personal AI agent for businesses through a partnership with Microsoft
Other news:
Veridas surpassed 100M identity checks in Mexico and now covers 75% of the country’s telecom market
Mundimoto appointed former COO Albert Vergés as CEO, while founder Pepe Talavera became executive chairman. The change follows a €4M capital increase and €40M debt refinancing
Pangea Propulsion plans to invest €20M–€30M to expand its rocket-engine testing facility at Lleida-Alguaire Airport by 2028
Amazon Bedrock Guardrails: ship AI you can trust. Block harmful content, filter PII and stop hallucinations while enforcing your policies across any model. Up to 88% of undesirable content filtered. Responsible AI, built in. Do you want to chat? click here
Investor news 🤑
Spanish investors active abroad:
Nauta participated in the €89M Series A of UK Universal Quantum, a Brighton-based developer of modular quantum computers
Seaya Andromeda led a €35M round in French company Wiremind, a SaaS company providing AI-powered revenue for transport and entertainment businesses
Enzo participated in the $4M round of AI clinical trials company Cori Clinical
Bastion Capital Partners One launched a Spanish fund targeting €300M–€500M for defence, security, aerospace and dual-use technologies
Inveready and Blaumar Capital acquired a controlling stake in Blinker, an Alicante-based supplier of specialist components to the automotive, construction, metal and marine sectors. The company generates €67M in annual revenue
True from Marek Fodor
Big company & policy news 🏢
Inditex launched an open-source hub for engineering tools developed by Inditex Tech
Spain’s competition watchdog, the CNMC, warned of growing dependence on Starlink and other US satellite operators
El Corte Inglés delayed its 2026–2030 strategic plan after the board requested a deeper review. The setback coincided with the departure of its head of Data, Analytics and AI, adding to a series of exits from its tech division.
The Spanish government aims to approve a new data-centre decree before the November election and has committed to Brussels to pass it as part of negotiations to unlock €25.8B in EU recovery funds
Aena launched a €2.9M tender for a controllable AI system to manage climate control and reduce energy use at Madrid-Barajas Airport
A survey of Spain’s 25 largest law firms found that 80% already use AI for work traditionally assigned to junior lawyers
Bizum now reaches 32.5M users on its 10th anniversary
Spain delayed the Verifactu billing system again, until October 2028
Microsoft confirmed 64 layoffs in Spain after agreeing the terms of an ERE
Meta paid Talavera de la Reina’s council €1.09M for development rights linked to its planned data-centre campus
Interesting reads 🤓
Chals Arboleya (zernio) published “My First Six Months as a Go-to-Market Partner for Startups”.
Sergio Paniego (Huggin Face) published “The Ultimate Guide to Multi-Harness RL”.
Borja Perez (Helmcode) wrote “No vuelvas a hacer un PowerPoint en tu vida. PPTs como software“