Dealflow.es #519: Prosper raised $30M. Santander Open Sources AI. Mercadona CLI.
A weekly summary of everything that happened in the Spanish startup and tech investing ecosystem.
Welcome to another edition of Dealflow. If you’ve been forwarded this email but you’re not a subscriber, please subscribe. And if you’re interested in sponsorship opportunities, send me an email at jaime@dealflow.es and I’ll share more details.
This week’s newsletter is sponsored by Crescenta:
Steve Jobs decía que la calidad es la cantidad de veces que dices que "no". En el mundo de la inversión, decir sí a todo es la forma más rápida de perder dinero.
En Crescenta, no solo damos acceso al Private Equity, damos selección. Nuestro equipo analiza cientos de fondos de capital privado al año, pero le dicen que no al 97%. Solo nos quedamos con el top 3% y construimos una cartera diversificada a la que puedes acceder con una sola inversión.
Desde €10.000 hasta millones, desde minoristas hasta inversores profesionales.
👉 Invierte como imaginas en Crescenta.com
Startup funding news 💸
€100M+ rounds:
Multiverse Computing, the Donostia-based quantum and AI firm, is closing a new funding round of up to €500M. It’s now been confirmed that the SETT committed €107M in the current round
€10M to €50M rounds:
H2Site, the Bilbao-based hydrogen company, secured €42M in a Series B round featuring the European Innovation Council, alongside Hy24, Enagás Emprende, and Calderion
Prosper AI, the NYC and Barcelona-based digital health startup, raised a $30M Series A led by Andreessen Horowitz, with Base10, Emergence Capital, Y Combinator, Masia Ventures, and Clara Ventures participating. Prosper builds AI agents that manage hospital admin tasks and scheduling. It will invest €10M to expand its Barcelona engineering hub to 100 staff by 2027. More from the founders here
Attypics Photonics, a Valencian photonic chip startup spun out of UPV, secured €24.5M in public investment from SETT under the PERTE Chip program
€1M to €10M rounds:
FOSSA, the Madrid-based space company, raised €9.25M in a round led by Kibo Ventures, with SETT, Space Frontiers Fund II, Indico Capital, and WISeSAT. Founded in 2020, FOSSA has launched 25 satellites and surpassed 50 employees across Spain and Portugal
Kalipso, a Barcelona-based platform to help organizations operationalize regulatory changes, raised €2.82M from Varsity, Lanai, Plug and Play, Kima Ventures, and Vento
Other rounds of funding:
Citring, the Barcelona-based startup designing and manufacturing small home appliances, raised €920k in a round led by Faraday Venture Partners and Angels Capital
Naturr, a marketplace for artisanal foods from small rural producers, closed a €620k round
WAIIS, the Barcelona-based smart shared-mobility startup, raised €1M. WAIIS closed 2025 with €2M in revenue and targets €5M in 2026
SegurosIA.com, a Malaga-based insurtech, raised €150k from Eoniq.fund
Xcalibur Smart Mapping, a Madrid-based aerial geophysics company, closed a capital increase with MCH Private Equity's Oman fund (SOPEF) and Moira Capital Partners
Javi Lopez, founder of Erasmusu and Magnific, said in a tweet that he’s invested in Rebolt
M&A news 🎉
BlueWalker Capital acquired The Mathematical Company, an agentic trading systems startup. TMC is a natural fit for BlueWalker, the Barcelona-based quant hedge fund specializing in systematic trading strategies native to prediction markets
Swiss company SITA acquired Big Blue Analytics, a Barcelona-based startup that helps airlines optimize their operations
Acciona is set to sell Silence, its electric mobility brand, to a Chinese operator
Startup news 💡
Startup financials and corporate stuff:
Indexa Capital prepares to move from BME Growth to Spain’s main stock exchange (Mercado Continuo) after surpassing the required 10% free float threshold. Indexa manages €5.6B in AUM and trades at a €195M market cap
Housfy projected revenues near €55M for this year, a +70% YoY, alongside EBITDA above €7M
Zernio, a Spain-based, bootstrapped startup offering a unified API for social media and messaging across 15 platforms, reached $2M ARR, 2,000+ paying users, in just 11 months and with only 7 employees
Bit2Me proposed a collective layoff affecting 25 employees, around 20% of its workforce, citing uncertainty in the crypto sector
Bloobirds, the Barcelona-based sales and marketing stasrtup, entered voluntary insolvency proceedings. We’re investors in Bloobirds
Product launches:
Latitude launched its new positiotning as an open-source observability and agent monitoring platform. Product Hunt launch here. I’m obviously biased because we’re investors in Latitude, but we think this approach makes a lot of sense. Most observability tools focus on LLM-level tracing. Latitude goes one layer up: it understands what conversations were about, clusters failure patterns automatically, and surfaces qualitative signals like frustration, escalation, and churn. Check it out
Endor, Daniel Lope’z new company, launched HolaClaw, a Mac app that makes running OpenClaw easier
Krea released Krea 2, a 12B-parameter diffusion transformer image generation model, as open weights in two versions: Raw and Turbo
Other news:
Overview of the Spanish semiconductor startup scene, featuring Openchip (AI accelerator chips), Lace Lithography (helium-beam lithography to rival ASML), Quside (quantum cryptography chips), Sensia (infrared nanotechnology sensors), iPronics (programmable photonic processor), and Ideaded (beyond-silicon materials)
Amazon Q Developer: AI assistant that understands your full codebase. Generates code, reviews PRs, scans for security, migrates legacy apps. Wallbox (Barcelona → NYSE) ships across firmware, cloud & mobile at scale on AWS. Your team's superpower. Do you want to chat? click here
VC news 🚀
Miguel Arias, my colleague and GP at Kfund, announced that he’s leaving the firm to go back to building companies: “I deeply miss building, and this generational AI wave is not one I want to watch from the sidelines”. It was a real pleasure and honor to share with Miguel 5+ years at Kfund. As a result of the transaction, Angel Asin (founder of EsPublico, €500M+ exit) will become a shareholder of Kfund’s management company
Decelera said that it has invested €1.5M across the first four startups from its program: HeyDiga, FlipFlop, Matthew, and Ruit
201 Ventures, the solo GP fund led by Madrid-based former CIA officer Eric Slesinger, is raising its econd defence fund just a year after closing $22M in his 1st fund
Spanish investors active abroad:
Nina Capital led a $7M seed round in Ladder Health, a pediatric developmental care company
Big company news 🏢
Sponsor: Amazon Q Developer: AI assistant that understands your full codebase. Generates code, reviews PRs, scans for security, migrates legacy apps
This is quite cool! Santander open-sourced 11 AI governance repositories under, making its AI control layer public for anyone to fork. They claim that the mission is to “advance responsible AI in financial services”. Also last week, Santander rolled out AI tools to all 185,000 group employees
Madrid is one of only five cities worldwide chosen by Airbnb to pilot its hotel offering as the platform expands beyond vacation rentals
Telefónica completed the deployment of 17 edge computing nodes across Spain
Interesting reads 🤓
Ivor Padilla built Mercadona CLI, an open-source tool that turns Mercadona's API into a command-line interface
Dougan Milne of Borealis Partners published Ciberia.xyz, a market intelligence report and database on the Iberian cybersecurity ecosystem
Miguel Carranza (RevenueCat) published “AI shouldn’t shrink headcount. It should shrink teams”
David Bonilla (Manfred) wrote “IA sin miedo”
Jaime, me encantan tus roundups, si no lo digo reviento.