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1. TRACXN MONTHLY REPORT
FEBRUARY 2022
SPAIN TECH

2. Spain Tech - February 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 - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Spain Tech Snapshot – February 2022
Spain Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$185M
7
Overall Geo Stats
20
5
63
16
14
Funding Rounds $ Invested Analyst Picks
Heygo Upgraded to
MINICORN
New Investors
Avalanche
Stellar
Series A+ rounds Active Investors IPOs Acquisitions
WinDelivery
Cytognos
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Barcelona
(8 Rounds, $120M)
Madrid
(2 Rounds, $33M)
Medina Del Campo
(1 Rounds, $18.3M)
Cofrentes
(1 Rounds, $2.8M)
$56.7M - Series A
Splice Bio (2020, Barcelona, $56.7M)
$30M - Seed
Boopos (2020, Madrid, $30M)
$22.9M - Series A
Mundimoto (2019, Barcelona, $23.4M)
$20M - Series A
Heygo (2014, Barcelona, $23.6M)
K Fund
(2 Investments)
New Enterprise
Associates
(1 Investments)
Y Combinator
(1 Investments)
Lightspeed Venture
Partners
(1 Investments)
Genomics
Splice Bio
Drug Delivery
Nanotechnology
Rare Diseases
Market Size
Companies Covered 11,462
Funded Companies 2,537
Total Funding $8.7B
Funding in last 12 months $2.1B
Top Exits
IPOs 21
Acquisitions 355
Company Stage
Unicorns 2
Soonicorns 25
Minicorns 146
Editor Picks 932
Series A+ 412
Series C+ 71
Acqui-Hires 4
Deadpooled 918
Top Cities
Barcelona (819 Rounds, $4.9B)
Madrid (565 Rounds, $2.5B)
Top Investors
Caixa Capital Risc (110 Investments)
Inveready (92 Investments)

4. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Spain Tech as of February 2022
Spain Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Splice Bio
(2020, Barcelona, $56.7M)
$56.7M - Series A Ysios Capital
Boopos
(2020, Madrid, $30.0M)
$30.0M - Seed Fasanara
Mundimoto
(2019, Barcelona, $23.4M)
$22.9M - Series A Maniv Mobility
Heygo
(2014, Barcelona, $23.6M)
$20.0M - Series A Northzone
Noray Seafood
(2008, Medina Del Campo, $18.3M)
$18.3M - Series B Stellar
Banger Games
(2020, , $11.3M)
$11.3M - Series B Avalanche
HUBUC
(2019, Barcelona, $10.4M)
$10.0M - Seed WndrCo
NOVAMEAT
(2017, Barcelona, $6.3M)
$6.0M - Seed Praesidium
Hosco
(2011, Barcelona, $20.2M)
$3.8M - Series A Aldea Ventures
Luca
(2020, Madrid, $3.0M)
$3.0M - Seed Heartcore Capital
Rosita Longevity
(2020, Cofrentes, $2.8M)
$2.8M - Seed Ship2B Ventures
*Shows only the lead Investors

5. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Spain Tech in February 2022
Spain Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$3.8M - Series A
Hosco (2011, Barcelona, $20.2M)
Online job board for hospitality jobs
Aldea Ventures, , Nauta Capital, Athos Capital
EARLY STAGE
$11.3M - Series B
Banger Games (2020, , $11.3M)
Provider of reward-based gaming platform
Avalanche, Shima Capital, GSR Ventures, Flori
Ventures, Poolz, and 9 more
EARLY STAGE
$18.3M - Series B
Noray Seafood (2008, Medina Del Campo, $18.3M)
Operators of land-based indoor shrimp farms
Creadev, Blue Oceans Partners, Stellar
EARLY STAGE
$20.0M - Series A
Heygo (2014, Barcelona, $23.6M)
Provider of live broadcasting solutions for travel guides
Northzone, TQ Ventures, Ascension, Lightspeed
Venture Partners, Point Nine, and 8 more
EARLY STAGE
$22.9M - Series A
Mundimoto (2019, Barcelona, $23.4M)
Online dealer of pre-owned motorbikes
P101, Maniv Mobility, Autotech Ventures
EARLY STAGE
$56.7M - Series A
Splice Bio (2020, Barcelona, $56.7M)
Provider of a proprietary platform for gene therapy
Ysios Capital, UCB Ventures, New Enterprise
Associates, Novartis Venture Fund, Gilde Healthcare,
and 1 more
EARLY STAGE
Series A
X1 Wind (2017, Barcelona)
Provider of offshore floating wind platform for the
wind energy sector
Technip Energies, European Commission
SEED STAGE
$181.2K - Seed
Flappin (2021, Barcelona, $181.2K)
Online personalized holiday packages booking platform
Bcombinator
SEED STAGE
$298.9K - Seed
Hobeen (2019, Vitoria-gasteiz, $298.9K)
SaaS-based platform offering energy monitoring
solutions for residential applications

6. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Spain Tech in February 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
$2.8M - Seed
Rosita Longevity (2020, Cofrentes, $2.8M)
Provider of fitness exercises and classes for elders
Ship2B Ventures, Bankinter, The University of Chicago,
JME Venture Capital, Seedcamp, and 5 more
SEED STAGE
$3.0M - Seed
Luca (2020, Madrid, $3.0M)
AI-based gamified learning solutions for students
Heartcore Capital, Shilling, Brian Requarth, Juan
Romero, Hugo Arévalo, and 2 more
SEED STAGE
$6.0M - Seed
NOVAMEAT (2017, Barcelona, $6.3M)
Produces and supplies plant-based meat
Praesidium, VU Venture Partners, Unovis Asset
Management, Volta Circle, Rubio impact Ventures, and
1 more
SEED STAGE
$10.0M - Seed
HUBUC (2019, Barcelona, $10.4M)
Banking software suite for banks & financial
institutions
WndrCo, Runa Capital, Y Combinator, Village Global,
Jeff Bezos, and 10 more
SEED STAGE
$30.0M - Seed
Boopos (2020, Madrid, $30.0M)
Online platform for revenue-based financing
Fasanara, Zubi Capital, TheVentureCity, FJ Labs, K Fund,
and 3 more

7. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Spain Tech in February 2022
Spain Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Avalanche
7 portfolio companies | Smart contracts platform for decentralized applications
development
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
Stellar
1 portfolio companies | Stellar-Impact
Noray Seafood
Operators of land-based indoor shrimp farms
$18.29M Series B
Poolz
8 portfolio companies | Diversified asset management firm
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
Halvings Capital
8 portfolio companies | Investment management firm focused on
cryptocurrency
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
oiginvest.com
9 portfolio companies | Provider of blockchain investment services
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
LucidBlue Ventures
12 portfolio companies | Venture capital and accelerator firm focused on
blockchain sectors
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
theholdinggroup.org
1 portfolio companies | The Holding Group | Partners Through Serious Illness
Hobeen
SaaS-based platform offering energy monitoring solutions for
residential applications
$299K Seed
SQUARES CAPITAL INTERNATIONAL LTD
1 portfolio companies | SquaresCapital - Where Unparalleled Talent Matches a
Disruptive Vision
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
VU Venture Partners
6 portfolio companies | Multiple sector focused seed stage VC firm
NOVAMEAT
Produces and supplies plant-based meat
$6.00M Seed
Technip Energies
1 portfolio companies | Provider of design and project development services to
oil and gas sector
X1 Wind
Provider of offshore floating wind platform for the wind energy sector
Undisclosed Series A

8. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Spain Tech in February 2022
Spain Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Belobaba Crypto Fund
1 portfolio companies | Venture capital firm focused on digital assets and
blockchain technology
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
G20 Ventures
28 portfolio companies | Venture capital firm investing in tech sectors
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
Novartis Venture Fund
198 portfolio companies | Corporate-backed venture capital fund focused on the
healthcare sector
Splice Bio
Provider of a proprietary platform for gene therapy
$56.70M Series A
Praesidium
1 portfolio companies | Venture capital fund focused on thematic and impact
investments
NOVAMEAT
Produces and supplies plant-based meat
$6.00M Seed
GSR Ventures
43 portfolio companies | VC firm focused on early-stage technology companies
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
Bigcoin Capital
4 portfolio companies | Blockchain focused investment firm
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
torsacapital.es
2 portfolio companies |
Hosco
Online job board for hospitality jobs
$3.85M Series A
Ataraxia
3 portfolio companies | Venture capital firm focused on early stage investment
NOVAMEAT
Produces and supplies plant-based meat
$6.00M Seed
CSP DAO
6 portfolio companies | Decentralized fundraising platform for blockchain
project
Banger Games
Provider of reward-based gaming platform
$11.34M Series B
Bcombinator
1 portfolio companies | Venture capital and sector agnostic incubator focused
on entrepreneurs
Flappin
Online personalized holiday packages booking platform
$181K Seed

9. Spain Tech - February 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 $540M 2 Glovo | $528M | Series F
2 ▼-1 Hyperlocal Delivery $528M 1 Glovo | $528M | Series F
3 -- Corporate Travel Management Platforms $275M 2 TravelPerk | $160M | Series D
4 ▲12 HRMS for SMBs $80.0M 1 Factorial | $80.0M | Series B
5 ▲81 iBuying Platforms $65.0M 1 Tiko | $65.0M | Series A
6 ▲48 Gene Therapy Drugs $56.7M 1 Splice Bio | $56.7M | Series A
7 ▲113 Nanoencapsulation $56.7M 1 Splice Bio | $56.7M | Series A
8 -- Rare Metabolic Disorder Drugs $56.7M 1 Splice Bio | $56.7M | Series A
9 -- Drug Delivery Devices $56.7M 1 Splice Bio | $56.7M | Series A
10 ▲13 Online B2C Flower Retailers $53.1M 1 Colvin | $53.1M | Series C

10. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Spain Tech in February 2022
Spain Tech: Analyst Picks
10
Upgraded to MINICORN
Heygo (2014, Barcelona, $219K, Seed)
Provider of live broadcasting solutions for travel guides
Northzone, Lightspeed Venture Partners, Point Nine
and 15 other Investors
Upgraded to MINICORN
HUBUC (2019, Barcelona, $396K, Seed)
Banking software suite for banks & financial
institutions
WndrCo, Runa Capital, Village Global and 18 other
Investors
Upgraded to MINICORN
Mundimoto (2019, Barcelona, $22.9M, Series A)
Online dealer of pre-owned motorbikes
Maniv Mobility,Autotech Ventures,P101and
Upgraded to MINICORN
Boopos (2020, Madrid, Undisclosed, Conventional
Debt)
Online platform for revenue-based financing
Fasanara, Zubi Capital, TheVentureCity and 6 other
Investors
Upgraded to MINICORN
Banger Games (2020, , $11.3M, Series B)
Provider of reward-based gaming platform
Avalanche, Shima Capital, GSR Ventures and 12 other
Investors
Upgraded to MINICORN
Noray Seafood (2008, Medina Del Campo, $18.3M,
Series B)
Operators of land-based indoor shrimp farms
Stellar,Creadev,Blue Oceans Partnersand
Added to Editor's Pick
Galgus (2017, Seville, $2.9M, Seed)
Solutions for optimizing spectral efficiency of Wi-Fi
access points
Conexo Ventures, GoHub, Mundi Ventures and 2 other
Investors
Added to Editor's Pick
CheKin (2005, Seville, Undisclosed, Seed)
Provider of cloud-based digital check-in solutions for
hotels
SouthUp Ventures, Encomenda, Spain Tech Center and
2 other Investors
Added to Editor's Pick
Shoppiday (2017, Sabadell, Unfunded)
Cashback and rewards platform for online purchases
Entree Capital, Spain Tech Center, Antai Venture
Builder and 2 other Investors
Added to Editor's Pick
Wuolah (2015, Seville, $1.2M, Angel)
Platform for students to buy and sell study documents
Andreas Mihalovits, Lanzadera, Seaya Ventures and 3
other Investors

11. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Spain Tech in February 2022
Spain Tech: Analyst Picks
11
Added to Editor's Pick
Fuell (2019, Madrid, $110K, Seed)
Corporate cards and Expenses Management solution
for businesses
K Fund, Wayra, TheVentureCity and 1 other Investors
Added to Editor's Pick
Luca (2020, Madrid, $3.0M, Seed)
AI-based gamified learning solutions for students
Heartcore Capital, Shilling, Brian Requarth and 4 other
Investors
Added to Editor's Pick
Weecover (2019, Barcelona, $2.7M, Seed)
Online point of sale insurance comparison platform for
P&C insurances
Nauta Capital,astorya.vc,Zone2boostand
Added to Editor's Pick
Eazipay (2021, Lagos, $125K, Seed)
Payroll and bookkeeping management solutions for
small businesses
Y Combinatorand
Added to Editor's Pick
Zio (2018, Madrid, Unfunded)
AI based platform offering marketing planning
software
Added to Editor's Pick
DoxaClick (2020, Barcelona, Unfunded)
Platform offering cross device ad exchange software

12. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Spain Tech in February 2022
Spain Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
01 Feb 2022
WinDelivery(2019)
SaaS-based online ordering solutions for restaurants
Glovo
01 Feb 2022
Cytognos(1996, Santa Marta De Tormes)
Reagents, software and solutions for flow cytometry
Becton Dickinson
04 Feb 2022
Tecsidel(1979, Barcelona)
Provides solutions for logistics services
Estacionamientos Y Servicios
22 Feb 2022
Monteloeder(1996, Elche)
Provider of nutraceutical ingredients for food supplements
Suanfarma
24 Feb 2022
Plant Response(2008, Madrid, $22.0M)
Manufacturer and distributor of biological farm inputs
The Mosaic Company

13. Spain Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Spain Tech in February 2022
Spain Tech:News
13
Exit News
.
● Activision, owner of the 'Call of duty' franchise, buys the Spanish studio Digital
Legends EL PAIS
.
● PSG-backed Imaweb expands its presence into Northern Europe and expands
its range of SaaS solutions for lead g... Business Wire
.
● Cascadia Capital Advises Plant Response, Inc. in Acquisition by The Mosaic
Company Cascadia Capital
.
● Acquired Units to Enhance SmartVault The Progressive Accountant
.
● Digital identity group completes £14m New Zealand acquisition Prolific North
.
● Clearwater International advises on sale of £200m turnover community
equipment specialist TheBusinessDesk.com
.
● Eysa acquires the intelligent transport systems development company Tecsidel
Publimetro
.
● Glovo makes its first purchase in Spain under the control of Delivery: acquires
100% of WinDeliveryelEconomista.es
.
People News

14. Spain Tech - February 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 TravelPerk
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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