Dealflow.es #461: Harmonix raised €3.2M. Tinybird + LLMs. Daniel Lopez's (Bitnami) new co.
A weekly summary of everything that happened in the Spanish startup and tech investing ecosystem.
This week in Spanish tech: fintechs get financed, CRMs get harmonized, and meat software gets… acquired? While Wannme, Harmonix, and Paratus Health are out raising millions, Fluidra decided to go for a swim with a €92.5M bet on robotic pool cleaners. Meanwhile, Daniel López is back from the Bitnami wilderness with a browser-based dev tool (Endor), and Tinybird keeps pushing the LLM frontier like it’s nothing.
On the investor side, Bullnet Capital reloaded with a €25M follow-on fund, Enrique Linares (LetGo) got the profile treatment, and Adara went cable spelunking in Norway. Also—Catalonia is trying to woo fleeing US scientists (thanks, Trump), Bizum went international, and Meta said “adéu” to 2,100 moderators in Barcelona.
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Startup funding news 💸
Madrid-based fintech Wannme has secured a €7M credit line from IDC Arena Credit Ventures and Arena Investors to expand its instant payments solution for marketplace sellers across Europe
Barcelona-based Harmonix has raised €3.2M in a round led by 4Founders Capital, with participation from Kfund and ICF, to accelerate its European expansion. The startup uses AI to centralize and digitize enterprise communications within CRMs like Salesforce and Dynamics 365
Paratus Health, a US-based startup co-founded by Spaniards that recently went through YC, announced a $2.3M seed round
Foliume, a Madrid-based insurtech startup, raised nearly €1M in a round backed by Íope Ventures (the joint investment arm of Wayra and Telefónica Seguros) and Belgian fund Pitchdrive
Other rounds of funding: Deporwell (€400k), MasLeads (€400k), Muxunav (€400k)
M&A 🎉
AS Equity Partners acquired a 60% stake in Servinform, a Spanish BPO and digital transformation services firm. The deal may value the company around €250M
Solfy acquired Catalan energy efficiency company Ecolium. With this move, Solfy aims to strengthen its position in the sustainable home renovation sector and expects to exceed €15M in revenue in 2025
US-based Fortifi Food acquired Catalonia’s Softvic, a leading provider of software for the meat and food processing industries. The company did €5.7M in 2023
Fluidra acquired a 27% stake in Aiper, a cordless robotics pool cleaner maker, for €92.5M
Investor & accelerator news 🚀
Bullnet Capital launched a new €25M fund to continue supporting its portfolio of deep tech startups. The vehicle will focus on follow-on investments in companies from its second and third funds
Profile of Enrique Linares, co-founder of LetGo and Plus Partners, a €40M VC fund focused on early-stage startups in Southern Europe
Criteria, FEI (European Investment Fund), and LFF2 have invested in 33N, the cybersecurity-focused fund managed by Alantra. The fund, which aims to reach €150M, targets growth-stage European and Israeli cybersecurity startups
Spanish investors active abroad:
Adara Ventures invested in Norwegian startup Wirescan, which specializes in monitoring and diagnosing faults in electrical cable systems using reflectometry-based technology
Nauta-backed and German startup airfocus got acquired by Lucid
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Startup news 💡
New startups and products:
Daniel Lopez, who previously built Bitnami (acquired by VMWare), unveiled his new company, Endor. “Endor allows you to run full stack development environments entirely in the browser, thanks to the power of WebAssembly”. More info here
Tinybird announced LLM Performance Tracker, a product that helps AI engineers and software developers track LLM performance across their app stack. Here on PH
Glimmer is a new AI company that aims to “redefine how organizations grow - through intelligence, alignment, AI, and talent visibility”
MyInvestor has entered the mortgage broker market, offering an end-to-end service that includes access to third-party loans and 100% financing of property value
Company financials:
Spanish IT and telecoms company Gigas grew revenues by 14% in 2024 to €77M, with cloud services up 27% and telecoms 7.2%. It posted its first-ever net profit (€750k) and generated €14.1M in operating cash flow
Personnel changes:
Embat appointed Óscar Pérez as its new General Manager. Pérez, former COO at Cobee, will lead Embat’s growth strategy in Spain and its international expansion
Other news:
Destinia joined the CNMC and hotel industry groups in legal action against Booking, following a €413M antitrust fine for abuse of dominance tied to “price parity” clauses
Tucuvi published a post outlining how its voice-based AI assistant integrates into healthcare systems to automate clinical workflows. The platform connects with Electronic Health Records (EHRs) to receive patient data and seamlessly updates them after monitoring
Big company & policy news 🤓
Catalonia has launched a €30M program called Catalonia Talent Bridge to attract scientists leaving the US due to policy shifts under Donald Trump
Bizum launched cross-border interoperability with Italy’s Bancomat and Portugal’s MB Way, enabling instant mobile payments between users in Spain, Andorra, Italy, and Portugal
Meta has cut ties with Telus Digital, its content moderation provider in Barcelona, leading to the suspension of 2,100 employees. The move follows Meta’s shift away from human moderation
Repsol’s digital wallet Waylet has reached 9M users
Interesting reads 🤓
Antonio Rull shares how he grew a project to 150,000 users without knowing how to code: puedotenderlaropa.com
Iñaki Berenguer (LifeX, co-founder of Coverwallet) published “Trending AI Categories I’ve Been Exploring Lately”
Javi Santana (Tinybird) published two interesting articles:
I've operated petabyte-scale ClickHouse® clusters for 5 years. What he’s learned about architecture, storage, upgrades, config, testing, costs, and ingestion.
Saleiva (Kfund, Tinybird) published “Build to Spread“