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1. TRACXN MONTHLY REPORT
APRIL 2021
SPAIN TECH

2. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Spain Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
Acquisitions 11
Recent News 12

3. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Spain Tech Snapshot – April 2021
Spain Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$707M
3
Overall Geo Stats
19
9
13
18
7
Funding Rounds $ Invested Analyst Picks
Atani Upgraded to
MINICORN
New Investors
gda.capital
Luxor Capital Group
Series A+ rounds Active Investors IPOs Acquisitions
Press Pause
Project#@
Activotrade#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Barcelona
(3 Rounds, $690M)
Madrid
(2 Rounds, $15.5M)
Malaga
(1 Rounds, $1.2M)
Minano Mayor
(1 Rounds, $1.2M)
$528M - Series F
Glovo (2015, Barcelona, $1.2B)
$160M - Series D
TravelPerk (2015, Barcelona, $295M)
$9.0M - Series C
Plant Response (2008, Madrid, $22.0M)
$6.5M - Seed
Atani (2019, Madrid, $7.3M)
Encomenda
(2 Investments)
GP Bullhound
(1 Investments)
Delivery Hero
(1 Investments)
Inveready
(1 Investments)
Logistics Tech
Glovo
Online Grocery
Food Tech
Online Travel
TravelPerk
Market Size
Companies Covered 8,870
Funded Companies 2,370
Total Funding $7.4B
Funding in last 12 months $2.1B
Top Exits
IPOs 34
Acquisitions 335
Company Stage
Unicorns 2
Soonicorns 17
Minicorns 135
Editor Picks 765
Series A+ 385
Series C+ 71
Acqui-Hires 3
Deadpooled 887
Top Cities
Barcelona (759 Rounds, $4.0B)
Madrid (525 Rounds, $2.0B)
Top Investors
Caixa Capital Risc (113 Investments)
Inveready (82 Investments)

4. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Spain Tech as of April 2021
Spain Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
Glovo
(2015, Barcelona, $1.2B)
$528M - Series F Luxor Capital Group
TravelPerk
(2015, Barcelona, $295M)
$160M - Series D Greyhound Capital
Plant Response
(2008, Madrid, $22.0M)
$9.0M - Series C
Atani
(2019, Madrid, $7.3M)
$6.5M - Seed JME Venture Capital
MediQuo
(2017, Barcelona, $8.0M)
$2.7M - Seed Encomenda
Shapelets
(2018, Malaga, $1.2M)
$1.2M - Seed Inveready
*Shows only the lead Investors

5. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Spain Tech in April 2021
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
$9.0M - Series C
Plant Response (2008, Madrid, $22.0M)
Manufacturer and distributor of biological farm inputs
LATE STAGE
$160.0M - Series D
TravelPerk (2015, Barcelona, $294.9M)
Provider of a SaaS-based corporate travel management
and booking platform
Greyhound Capital
LATE STAGE
$527.7M - Series F
Glovo (2015, Barcelona, $1.2B)
Provider of an app for booking on-demand hyperlocal
delivery services
Luxor Capital Group, , GP Bullhound, Delivery Hero
SEED STAGE
$1.2M - Seed
Shapelets (2018, Malaga, $1.2M)
ML based big data time series analysis solutions
Inveready
SEED STAGE
$2.7M - Seed
MediQuo (2017, Barcelona, $8.0M)
App offering telemedicine serivces
Encomenda, The Crowd Angel
SEED STAGE
$6.5M - Seed
Atani (2019, Madrid, $7.3M)
Decentralized exchange platform for cryptocurrencies
JME Venture Capital, Encomenda, Conexo Ventures,
Lanai Partners
SEED STAGE
Seed
AJL Ophthalmic (1992, Minano Mayor)
A range of ophthalmic products
Talde Private Equity,

6. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Spain Tech in April 2021
Spain Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
gda.capital
2 portfolio companies | GDA Capital - Access to Blockchain Capital Markets
Zignaly
Cryptocurrency trading bot
$3.00M Series A
Luxor Capital Group
17 portfolio companies | Event-driven strategy focused hedge fund
Glovo
Provider of an app for booking on-demand hyperlocal delivery services
$528M Series F
Acheron PTE
1 portfolio companies | Home - Acheron Trading
Zignaly
Cryptocurrency trading bot
$3.00M Series A
LedgerPrime
2 portfolio companies | Digital asset investment firm
Zignaly
Cryptocurrency trading bot
$3.00M Series A
AU21 Capital
19 portfolio companies | Venture capital firm investing in blockchain sectors
Zignaly
Cryptocurrency trading bot
$3.00M Series A
Parataxis Capital
1 portfolio companies | Investment firm focused on digital asset sector
Zignaly
Cryptocurrency trading bot
$3.00M Series A
OKEX
10 portfolio companies | Exchange platform for cryptocurrencies
Zignaly
Cryptocurrency trading bot
$3.00M Series A
kce.es
1 portfolio companies | KCE - Kaizaharra Corporación Empresarial
AJL Ophthalmic
A range of ophthalmic products
Undisclosed Seed
BSCPAD
1 portfolio companies | Decentralized IDO platform for Binance Smart Chain
network
Zignaly
Cryptocurrency trading bot
$3.00M Series A
Greyhound Capital
15 portfolio companies | Venture capital firm investing in tech startups
TravelPerk
Provider of a SaaS-based corporate travel management and booking
platform
$160M Series D

7. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Spain Tech in April 2021
Spain Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Switchain
1 portfolio companies | Platform for cryptocurrency brokerage services
Zignaly
Cryptocurrency trading bot
$3.00M Series A
LD Capital
14 portfolio companies | Investment firm for blockchain technology
Zignaly
Cryptocurrency trading bot
$3.00M Series A
DAO Maker
1 portfolio companies | Provider of influencer marketing, advertising, PR, and
SEO services
Zignaly
Cryptocurrency trading bot
$3.00M Series A
Sino Global Capital
3 portfolio companies | Venture capital firm investing in blockchain tech sectors
Zignaly
Cryptocurrency trading bot
$3.00M Series A
kryptos.fund
1 portfolio companies |
Zignaly
Cryptocurrency trading bot
$3.00M Series A
LVT Capital
1 portfolio companies | Venture capital fund investing in tech startups
Zignaly
Cryptocurrency trading bot
$3.00M Series A
Disrupt
2 portfolio companies | Venture capital firm investing in tech startups
Zignaly
Cryptocurrency trading bot
$3.00M Series A
AscendEX
3 portfolio companies | AscendEX(BitMax): Global Digital Asset Trading
Platform|Bitcoin Exchange|Crypto Trading
Zignaly
Cryptocurrency trading bot
$3.00M Series A
drakespm.com
2 portfolio companies | Home - The Drake GroupThe Drake Group
Glovo
Provider of an app for booking on-demand hyperlocal delivery services
$528M Series F

8. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private 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.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Hyperlocal Delivery $648M 2 Glovo | $528M | Series F
2 <> 0 Online Grocery Delivery Marketplace $648M 2 Glovo | $528M | Series F
3 <> 0 Online Food Delivery $648M 2 Glovo | $528M | Series F
4 --
Second Hand Goods > Multi Category > Marketplace >
Mobile-first
$191M 1 Wallapop | $191M | Series G
5 -- P2P $191M 1 Wallapop | $191M | Series G
6 ▼-2 Corporate Travel $160M 1 TravelPerk | $160M | Series D
7 -- Insect based Products $55.8M 1 MealFood Eur.. | $55.8M | Series A
8 ▼-2 Last Mile Delivery Service Providers $53.0M 1 Paack | $53.0M | Series C
9 ▼-4 Plug-In Charging Solutions $40.0M 1 Wallbox | $40.0M | Series C
10 ▲7 Digital Therapeutics for Mental Disorders $35.1M 1 Koa Health | $35.1M | Series A

9. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Spain Tech in April 2021
Spain Tech: Analyst Picks
9
Upgraded to MINICORN
Atani (2019, Madrid, $750K, Seed)
Decentralized exchange platform for cryptocurrencies
Lanai Partners, Conexo Ventures, JME Venture Capital
and 2 other Investors
Added to Editor's Pick
IDOVEN (2019, Madrid, Undisclosed, Grant (prize
money))
Provider of connected device to detect heart problems
EIT Healthand
Added to Editor's Pick
Billage (2013, Barcelona, Undisclosed, Series A)
Business management software for SMEs
Wayra,DraperB1,Bstartup Banco Sabadelland
Added to Editor's Pick
Zignaly (2018, Madrid, $3.0M, Series A)
Cryptocurrency trading bot
LVT Capital, Acheron PTE, Switchain and 12 other
Investors
Added to Editor's Pick
RIB Spain (1980, Madrid, Unfunded)
Cloud-based 5D building information modeling
software for construction professionals
Added to Editor's Pick
Proppos (2012, Barcelona, Undisclosed, Seed)
Provides AI-based self checkout solutions for
restaurants
Zone2boost,Wayraand
Added to Editor's Pick
MiWEndo Solutions (2019, Barcelona, Undisclosed,
Grant (prize money))
Developer of electromagnetic endoscopy for colorectal
cancer detection
EIT Healthand
Added to Editor's Pick
Indicate Solutions (2016, San Sebastian,
Undisclosed, Grant (prize money))
Cancer diagnosis device for healthcare providers
EIT Healthand
Added to Editor's Pick
Predictheon (2019, Barcelona, Undisclosed, Grant
(prize money))
AI-based patient health data analysis software for
clinicians
EIT Healthand

10. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Spain Tech in April 2021
Spain Tech: Analyst Picks
10
Added to Editor's Pick
Frenetic (2015, Madrid, Unfunded)
Provider of AI-based manufacturing technology for
magnetic components
Added to Editor's Pick
Evicertia (2010, Madrid, Unfunded)
Cloud-based enterprise legal electronic signature
management solution provider
Added to Editor's Pick
Mayordomo (2016, Barcelona, Unfunded)
Provider of smart lockers for last-mile deliveries
Added to Editor's Pick
Dataprius (2011, Malaga, Unfunded)
Cloud-based enterprise file-sharing software provider
Added to Editor's Pick
PGPlanning (, Segovia, Unfunded)
Online HR management solution for enterprises
Added to Editor's Pick
Averías Resueltas (2014, Terrassa, Unfunded)
Operations management solution for auto workshops
Added to Editor's Pick
Laminar Pharma (2006, Palma De Mallorca,
Unfunded)
Developer of melipathy based drugs
Added to Editor's Pick
Nela Biodynamics (2017, Aldaia, Unfunded)
Developer of joint and bone implants
Added to Editor's Pick
Dobecure (2017, Madrid, Unfunded)
Developer of therapeutics for ophthalmologic disorder

11. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Spain Tech in April 2021
Spain Tech: Acquisitions
11
Acq. Date Company Acquirer Deal Size
06 Apr 2021
Press Pause Project(2018, Barcelona)
Provider of an E-commerce platform for CBD healing products
tenacious-labs.com
06 Apr 2021
Activotrade(2009, Barcelona)
Brokerage Platform
Trade Capital Holding
09 Apr 2021
Nalanda(2000, Madrid)
Offers cloud-based supplier management solutions
psgequity.com
11 Apr 2021
Gana Energía(2015, Valencia, $0.6M)
Provider of electricity distribution solutions
Repsol
15 Apr 2021
Orthopaedic & Spine Development(2005, Avignon)
Developer of implants for spine and extremities surgery
Implanet
19 Apr 2021
MARCA Apuestas(, Madrid)
Online gambling platform offering multi-category games
Sportium
19 Apr 2021
Logalty(2007, Alcobendas)
Enterprise legal electronic signature solution provider
Ardian
19 Apr 2021
Fon(2006, Madrid, $71.7M)
Online platform for sharing personal Wi-Fi network using a router
Agile
30 Apr 2021
3F Technology(2003, Getafe)
Development of additives for animal and human feed using 3D
technology
Eastman

12. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Spain Tech in April 2021
Spain Tech:News
12
Exit News
.
● PSG Acquires Majority Stake in Nalanda Global Business Wire
.
● Cellnex completes Play towers deal MobileWorldLive
.
● Ardian and MCH buy Spanish legal tech firm Logalty PE Hub
.
● Agile Content acquires Wi-Fi tech company Fon Digital TV Europe
.
● Implanet Buys Spine Surgery Company Orthopedics
.
● Cellnex launches EUR 7 bln capital hike to fund Hivory buy Telecompaper
.
People News
.
● eShopWorld appoints Martim Avillez Oliveira as Chief Commercial Officer for
the EMEA and APAC regions Business Wire
.
● InfluxData Strengthens Leadership Team With Three New Vice Presidents
AiThority
.
● Spanish Unicorn Cabify Taps Outsider as CFO with Eye on IPO BloombergQuint
.

13. Spain Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Spain Tech on Tracxn Platform
Spain Tech: Explore more on Tracxn Platform
13
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 Cabify
Cap Tables of
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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