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1. TRACXN MONTHLY REPORT
JANUARY 2022
SPAIN TECH

2. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Spain Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
Acquisitions 12
Recent News 13

3. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Spain Tech Snapshot – January 2022
Spain Tech: Snapshot – January 2022
Note : "Investors" refers to "Institutional Investors" only
3
$2.9B
5
Overall Geo Stats
13
5
33
15
10
Funding Rounds $ Invested Analyst Picks
TravelPerk
Upgraded to
UNICORN
New Investors
Planet First Partners
Norrsken VC
Series A+ rounds Active Investors IPOs Acquisitions
Lab Cave
Educaedu
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Barcelona
(6 Rounds, $2.9B)
Alcobendas
(1 Rounds, $9.1M)
Madrid
(1 Rounds, $568K)
Torrevieja
(1 Rounds, $125K)
$2.5B - Series F
Glovo (2015, Barcelona, $3.7B)
$225M - Series D
Paack (2015, Barcelona, $308M)
$115M - Series D
TravelPerk (2015, Barcelona, $410M)
$34M - Series C
Submer (2015, Barcelona, $34M)
Y Combinator
(3 Investments)
Delivery Hero
(1 Investments)
Kibo Ventures
(1 Investments)
General Catalyst Partners
(1 Investments)
Logistics Tech
Glovo
Food Tech
Last
Online Grocery
Online Travel
TravelPerk
Market Size
Companies Covered 11,199
Funded Companies 2,520
Total Funding $11.0B
Funding in last 12 months $5.1B
Top Exits
IPOs 21
Acquisitions 349
Company Stage
Unicorns 3
Soonicorns 24
Minicorns 146
Editor Picks 925
Series A+ 408
Series C+ 71
Acqui-Hires 4
Deadpooled 911
Top Cities
Barcelona (806 Rounds, $7.1B)
Madrid (563 Rounds, $2.5B)
Top Investors
Caixa Capital Risc (110 Investments)
Inveready (91 Investments)

4. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Spain Tech as of January 2022
Spain Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2022)*
Glovo
(2015, Barcelona, $3.7B)
$2.5B - Series F Delivery Hero
Paack
(2015, Barcelona, $308M)
$225M - Series D SoftBank Vision Fund
TravelPerk
(2015, Barcelona, $410M)
$115M - Series D General Catalyst Partners
Submer
(2015, Barcelona, $34.0M)
$34.0M - Series C Planet First Partners
Payflow
(2020, Alcobendas, $13.5M)
$9.1M - Series A Seaya Ventures
Last
(2019, Barcelona, $2.5M)
$2.5M - Seed All Iron
haddock
(2020, Barcelona, $1.1M)
$1.1M - Seed Y Combinator
Gurucall
(2020, Madrid, $2.0M)
$568K - Seed Félix Ruiz
Trackingplan
(2021, Torrevieja, $125K)
$125K - Seed Y Combinator
*Shows only the lead Investors

5. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Spain Tech in January 2022
Spain Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$34.0M - Series C
Submer (2015, Barcelona, $34.0M)
Provider of Immersion technology-based cooling
system for data center operations
Planet First Partners, Mundi Ventures, Norrsken VC,
Tim Reynolds
LATE STAGE
$115.0M - Series D
TravelPerk (2015, Barcelona, $409.9M)
SaaS-driven corporate travel management & booking
platform
General Catalyst Partners, Kinnevik, Gillian Tans, Joel
Cutler
LATE STAGE
$225.0M - Series D
Paack (2015, Barcelona, $308.0M)
Provider of last-mile e-commerce delivery solutions
SoftBank Vision Fund, Fuse Venture Partners,
Endeavor, First Bridge Ventures, RPS Ventures, and 7
more
LATE STAGE
$2.5B - Series F
Glovo (2015, Barcelona, $3.7B)
Provider of an app for booking on-demand hyperlocal
delivery services
Delivery Hero
EARLY STAGE
$9.1M - Series A
Payflow (2020, Alcobendas, $13.5M)
Online lending solutions for earned wage loans
Seaya Ventures, Glovo, Cabify, Wallbox, Cathay
Innovation, and 7 more
SEED STAGE
$125.0K - Seed
Trackingplan (2021, Torrevieja, $125.0K)
Cloud-based decision support software solution
provider
Y Combinator
SEED STAGE
$568.4K - Seed
Gurucall (2020, Madrid, $2.0M)
Cloud-based enterprise event attendee interaction
management application provider
Félix Ruiz, Hugo Arevalo, Paco Avila
SEED STAGE
$1.1M - Seed
haddock (2020, Barcelona, $1.1M)
Provider of a platform for the management of the
restaurant
Y Combinator, Zone2boost, Extension Fund, JME
Venture Capital, Levels Up Ventures

6. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Spain Tech in January 2022
Spain Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$2.5M - Seed
Last (2019, Barcelona, $2.5M)
Platform offering suite solution for restaurant
businesses
All Iron, Bynd Venture Capital
SEED STAGE
Seed
Bioo (2015, Viladecans)
Offering solutions to generate electricity from
decomposition of organic substances
Tensor Ventures

7. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Spain Tech in January 2022
Spain Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Planet First Partners
3 portfolio companies | Venture capital fund focused on healthcare, energy, and
multiple sectors
Submer
Provider of Immersion technology-based cooling system for data center
operations
$34.00M Series C
Norrsken VC
32 portfolio companies | Venture capital fund investing in tech startups
Submer
Provider of Immersion technology-based cooling system for data center
operations
$34.00M Series C
General Catalyst Partners
852 portfolio companies | Global VC firm that does early and growth stage
investments
TravelPerk
SaaS-driven corporate travel management & booking platform
$115M Series D
Rebel Fund
9 portfolio companies | Venture capital fund focused on tech startups
Payflow
Online lending solutions for earned wage loans
$9.13M Series A
Wallbox
1 portfolio companies | Provider of electric-vehicle charging solutions
Payflow
Online lending solutions for earned wage loans
$9.13M Series A
Levels Up Ventures
1 portfolio companies | Leves Up Ventures
haddock
Provider of a platform for the management of the restaurant
$1.13M Seed
The Entrepreneurs' Fund
31 portfolio companies | Seed & early-stage VC firm investing in the US
Payflow
Online lending solutions for earned wage loans
$9.13M Series A
First Bridge Ventures
3 portfolio companies | Venture capital firm investing in tech startups
Paack
Provider of last-mile e-commerce delivery solutions
$225M Series D
Force Over Mass Capital
71 portfolio companies | UK focused VC firm investing in early stage startups
Payflow
Online lending solutions for earned wage loans
$9.13M Series A
Glovo
1 portfolio companies | Provider of an app for booking on-demand hyperlocal
delivery services
Payflow
Online lending solutions for earned wage loans
$9.13M Series A

8. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Spain Tech in January 2022
Spain Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Tensor Ventures
4 portfolio companies | Venture capital firm focused on deep-tech startups
Bioo
Offering solutions to generate electricity from decomposition of organic
substances
Undisclosed Seed
Unbound
9 portfolio companies | Rewards-based crowdfunding platform for digital book
publishers
Paack
Provider of last-mile e-commerce delivery solutions
$225M Series D
InfraVia Capital Partners
9 portfolio companies | InfraVia Capital Partners is an investment platform
Paack
Provider of last-mile e-commerce delivery solutions
$225M Series D

9. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Food Ordering Platforms $3.0B 3 Glovo | $2.5B | Series F
2 ▼-1 Hyperlocal Delivery $3.0B 2 Glovo | $2.5B | Series F
3 -- Corporate Travel Management Platforms $275M 2 TravelPerk | $160M | Series D
4 ▲5 Last Mile Ecommerce Delivery Services $225M 2 Paack | $225M | Series D
5 ▲10 HRMS for SMBs $80.0M 1 Factorial | $80.0M | Series B
6 ▲81 iBuying Platforms $65.0M 1 Tiko | $65.0M | Series A
7 ▲14 Online B2C Flower Retailers $53.1M 1 Colvin | $53.1M | Series C
8 ▲17 Open Banking Aggregation APIs $43.0M 2 Belvo | $43.0M | Series A
9 ▼-1 Plug in Electric Vehicle Chargers $40.0M 1 Wallbox | $40.0M | Series C
10 -- Native Ad Platform $40.0M 1 Seedtag | $40.0M | Series B

10. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Spain Tech in January 2022
Spain Tech: Analyst Picks
10
Upgraded to UNICORN
TravelPerk (2015, Barcelona, $44.0M, Series C)
SaaS-driven corporate travel management & booking
platform
SprintUp, Start Capital, Spark Capital and 22 other
Investors
Added to Editor's Pick
The Breach Studios (2018, Barcelona, $4.1M, Series
A)
Developer and publisher of PC and console-based
games
MY.GAMES Venture Capitaland
Added to Editor's Pick
Consentio (2016, Barcelona, Undisclosed, Seed)
Blockchain based escrow payments platform
Lanai Partners, Mundi Ventures, Extension Fund and 4
other Investors
Added to Editor's Pick
Last (2019, Barcelona, $2.5M, Seed)
Platform offering suite solution for restaurant
businesses
All Iron,Bynd Venture Capitaland
Added to Editor's Pick
UnusuAll (2020, , $3.6M, Seed)
Mobile game developer focusing on casual games
Garenaand
Added to Editor's Pick
Europa FM (1996, Barcelona, Unfunded)
Internet radio streaming platform
Added to Editor's Pick
Vent (2021, Madrid, Unfunded)
Online platform for investments in crypto projects
Unanimous Capital,SL2 Capital,Guardian Capitaland
Added to Editor's Pick
Practicatest (2012, Viladecans, Unfunded)
Mobile & SaaS-based platform providing driving exam
preparation solutions
Added to Editor's Pick
Stark Future (2019, Barcelona, Undisclosed, Seed)
Manufacture of electric motorcross bikes
Kichi Investand

11. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Spain Tech in January 2022
Spain Tech: Analyst Picks
11
Added to Editor's Pick
WITRAC (2019, Valencia, Unfunded)
Provider of AI & web-based supply chain track & trace
solutions
Added to Editor's Pick
Webpublication (2009, Barcelona, Unfunded)
Cloud-based digital publication platform
Added to Editor's Pick
Deanna (2021, Madrid, Unfunded)
Provider of AI-enabled advising chatbot for financial
services
Added to Editor's Pick
H2 Dron Energy (2019, A Coruna, Unfunded)
Manufacturer of a hydrogen-powered drone for
multiple applications
Added to Editor's Pick
Smartbot (2020, Vilanova de Arousa, Unfunded)
Provider of a cloud and AI-based customer support
chatbot
Added to Editor's Pick
Join.chat (2020, Cobisa, Unfunded)
Platform offering software to optimize conversion rate
of website visitors

12. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Spain Tech in January 2022
Spain Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
13 Jan 2022
Lab Cave(2013, Madrid)
Developer of mobile games
Airnow
14 Jan 2022
Educaedu(2001, Bilbao)
Online education classifieds portal
Miura
24 Jan 2022
Estacionamientos Y Servicios(1976, Madrid)
Parking management and regulation
higinfrastructure.com
27 Jan 2022
WFuneralNet(2020, Bilbao)
Provider of a platform for funeral homes to find insurance tenders
for funeral services
Albia
27 Jan 2022
Glen Biotech(2010, Alicante)
Developer of biological pest control agents
Symborg

13. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Spain Tech in January 2022
Spain Tech:News
13
Exit News
.
● Delivery Hero acquires majority stake in Spanish food delivery app Glovo The
Business Times
.
● Airnow acquires Lab Cave to expand mobile app management services Business
of Apps
.
● Spanish tech firm makes Virtual College acquisition Prolific North
.
● HIG Infrastructure to acquire EYSA Private Equity Wire
.
● The Albia Group buys the start-up WFN, an international digital platform for
funeral services and transfers PR Newswire
.
● Glovo acquired Zakaz.ua from Chernovetskyi Jr. epravda.com.ua
.
● Minsait Buys Ecuadorian Payments Platform Credimatic PYMNTS.com
.
People News
.
● Former Chief Strategy & Data Officer at Glovo Idriss Al Rifai takes on CEO role
with Borzo Tech.eu

14. Spain Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Spain Tech on Tracxn Platform
Spain Tech: Explore more on Tracxn Platform
14
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Spain
AI Companies in Spain
Fintech Companies Spain
Consumer Digital in Spain
Company Due Diligence
Detailed profile of Glovo
Competitors of TravelPerk
Cap Tables of Cabify
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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