Dealflow.es #480: Remuner raised €5.5M seed. Freepik's 100M. Acurio + Speedinvest
A weekly summary of everything that happened in the Spanish startup and tech investing ecosystem.
Dealflow.es aims to be the best way to keep up with Spain’s startup ecosystem. Dealflow is a side project. I spend the vast majority of my time investing in early stage startups as part of Kfund. We make investments of €100k to €10m. If you want to chat, drop me an email at jaime@kfund.vc
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Startup funding news 💸
Barcelona-based Remuner has raised a €5.5M seed round led by Seaya, with Pear VC and existing backers. The startup offers an AI-powered platform to automate incentive schemes for sales teams.
Barcelona-based Solfy has closed a €4M funding round — combining equity and debt — to speed up its growth after acquiring Ecolium (an installer in Girona with 800+ clients) and DC Solutions (engineering, execution & maintenance in southwest Spain). The round, led by Bonsai Partners and Ona Capital, brings Solfy’s total funding to ~€5.5M. In 2024, Solfy made over €7M in revenue and projects to exceed €15M in 2025
Barcelona-based Altan has raised $2.5M in pre-seed funding co-led by VentureFriends and JME Ventures, with 4Founders and several angels also joining. Founded in 2024, Altan is building a platform that assembles teams of AI agents to autonomously design, build and operate software. More from co-founder Albert Salgueda here
The Abu Dhabi sovereign wealth fund has invested €1.4M in eVoost AI, a Spanish-founded proptech now based in Abu Dhabi. The startup, led by Cristian Pastrana, automates direct property sales through AI
M&A 🎉
Oakley Capital is in talks to acquire a stake in Paraty Tech, the Torremolinos-based booking engine for hotels. Paraty Tech, grows 30–40% annually and posted >€5M operating profit in 2023
European software provider Forterro has acquired Barcelona-based Inology, developer of business management tools such as Tickelia (expense management, 250k+ users), Nubhora (time & access control) and Marino ERP. In 2023, Inology did €7M in revenue and around €500k in profit
Spanish tech services firm Plain Concepts has acquired UK-based Ardanis, a custom software developer with 50+ staff and fintech/insurtech expertise. The move follows its July purchase of Apiumhub and expands its footprint to Ireland, London and Oporto. Plain Concepts aims to double 2025 revenues to €80M and reach €500M by 2030
Investor & accelerator news 🚀
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Acurio Ventures (the Spanish VC formerly All Iron Ventures) is one of two anchor LPs behind Speedinvest’s new continuation program. Speedinvest says its first €30M continuation fund was “anchored by Molten Ventures and Acurio,” with a second €30M vehicle coming soon; together they’ll buy partial stakes in top portfolio companies to return cash to LPs while keeping upside
Ruben Domínguez (previously at Mundi) announced that he is now an a16z Speedrun Scout, enabling him to invest $10k pre-seed tickets within 24h. Speedrun backs startups with up to $1M, $5M+ in credits, mentorship and access to a 500+ founder community. a16z has as least 3 scouts based in Spain, and several other Spaniards abroad
Valencia-based Lanzadera added 120 startups in its latest cohort
Bonsai Partners launched a continuation vehicle, Bonsai Partners FI Opportunity, of up to €15M to double-down on select Bonsai I portfolio companies
Spanish investors & corporates active abroad:
Barcelona’s Sabadell Asabys led a €10M raise in French medtech SafeHeal
Mouro Capital -where Banco Santander is a key LP- led a €9M round in Colektia, a LatAm fintech applying AI to debt collection and credit recovery
Telefónica, through its CVC arm Vivo Ventures, has invested €5.5M in Brazilian fintech Asaas, its largest ticket to date
GoHub Ventures has joined a €2.5M seed round in German digital health startup OpenHealth
Batir a largo plazo al mercado es complicado, y poca gente lo consigue. Si además no tienes tiempo o conocimientos para invertir en bolsa, lo mejor que puedes hacer es utilizar Indexa Capital.
Startup news 💡
New startups and product launches
Latitude launched Latte (link), a “meta-agent” that builds AI agents from plain descriptions, no coding required. Built fully on Latitude’s platform, it aims to democratize agent creation while offering advanced tools for technical users: testing sub-agents, A/B prompt experiments, synthetic data generation and full observability
Mozart AI launched v0.5 on Product Hunt, just two months after debuting as Product of the Day #2. The new version simplifies music creation (from “difficulty 100 → 35”) while boosting quality. Mozart is co-founded by Spaniard Pascual Merita
Freepik has powered Spain’s first TV commercial created entirely with AI, produced for Alain Afflelou. Also, CEO Joaquin Cuenca said on X that Freepik now has 100M users, “more than all top AI platforms combined”
Startup financials
Wallapop reported 2024 revenues of €101M (+13%) and cut losses to €25M (-18%). Spain operations reached breakeven, with growth driven by Wallapop Envíos (€74M, +12%) and visibility services (€22M, +28%). The company defends its €600M sale to Korea’s Naver, pending regulatory approval and challenged in court by minority investors arguing undervaluation versus its €806M 2024 round
Barcelona-based Incapto, founded in 2020 as a sustainable alternative to coffee capsules, has reached €10.3M in 2024 revenues and targets €16M in 2025, expecting positive EBITDA. The company sells specialty coffee beans via subscription and its own machines, serving both consumers and corporates
Other news
Tinybird explains why it maintains a private ClickHouse fork: control over roadmap and performance as upstream drops key OSS features like zero-copy replication
TravelPerk president & COO Jean-Christophe Taunay-Bucalo shared that the company bans PowerPoints in leadership and bases decision-making on long-form documents. The aim: replace charisma with facts, concepts with detailed execution, and hierarchy with meritocracy. Also, TravelPerk appointed Nikita Miller as CPO and Robin Smith as CTO
Glovo has set up an Advisory Board bringing in high-profile figures such as former Spanish foreign minister José Manuel García-Margallo, former Renfe president Raül Blanco, Marta Pascal, Natàlia Mas, and former FC Barcelona VP Manuel Arroyo. The council will guide Glovo’s strategic decisions as the delivery app faces regulatory and legal pressure in Spain over its labor model
HaloTech, specialized in AI-driven industrial safety, appointed former Microsoft exec Jaime Pereña as CEO of its US subsidiary. The move follows a €10M July round (pre-money €100M) to industrialize its HALO devices, scale HaloTech AI, and expand globally
Directo, the startup co-founded by Pierre Becerril, analyzed 2M+ clicks from its Chrome extension comparing hotel websites with booking platforms. Data from ~300k travelers shows booking direct is cheaper ~54% of the time, platforms win ~35%, and it’s a tie ~10%. Median savings when booking direct: ~14%, nearly matching typical OTA commission rates. Also, here’s the growth in traffic sent by Directo to partner sites in the past few months
Big company & policy news 🤓
Spain’s data protection authority AEPD has expanded its probe into Roblox over handling of minors’ data. The platform counts 111M daily users, 40% under 13, but lacks robust age verification beyond parental consent. The case comes amid global lawsuits and criticism over harmful content and child safety. Roblox says it will introduce stricter ID and video-based age checks by end-2025
Mapfre has joined Blue Marble, an insurtech backed by Aspen, Grupo ASSA, Marsh McLennan, TransRe, and Zurich Insurance, which designs parametric insurance for vulnerable communities exposed to climate change
Interesting reads 🤓
Ignacio Arriaga (Disaaster) wrote “El billón”
Luigi Mallardo (The Saasification Newsletter) wrote “ERR vs. ARR: The Founder’s Guide to SaaS Pilot Discipline in the AI Era”
David Bonilla wrote “Despidos por diseño”
Eduardo Manchón (Mailsuite) warns that while engineer-founders are refreshingly straightforward, their innocence makes them easy prey for “foxes” who exploit trust and for newsletter-driven personal brands that monetize emotional attachment
Thanks for the mention Jaime! Great content as always