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1. TRACXN MONTHLY REPORT
MARCH 2022
SPAIN TECH

2. Spain Tech - March 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 - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Spain Tech Snapshot – March 2022
Spain Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$278M
10
Overall Geo Stats
11
6
42
15
16
Funding Rounds $ Invested Analyst Picks
Yaba Upgraded to
SOONICORN
New Investors
Stride.vc
Crossbeam
Series A+ rounds Active Investors IPOs Acquisitions
Payflow
Under Lucky Stars
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Barcelona
(5 Rounds, $231M)
Madrid
(5 Rounds, $25.2M)
Valencia
(2 Rounds, $12.9M)
Bilbao
(2 Rounds, $12.9M)
$135M - Series C
Typeform (2012, Barcelona, $187M)
$85M - Series A
Yaba (2020, Barcelona, $85M)
$11.0M - Series A
Sesame (2015, Valencia, $11.0M)
$10M - Series A
Circular (2018, Madrid, $10M)
Kibo Ventures
(2 Investments)
JME Venture Capital
(2 Investments)
Bonsai Partners
(2 Investments)
General Atlantic
(1 Investments)
Digital Transaction Management
Typeform
E-Commerce Enablers
Yaba
Brands Tech
HRTech
Sesame
Market Size
Companies Covered 11,696
Funded Companies 2,563
Total Funding $9.1B
Funding in last 12 months $2.4B
Top Exits
IPOs 21
Acquisitions 359
Company Stage
Unicorns 2
Soonicorns 25
Minicorns 144
Editor Picks 949
Series A+ 422
Series C+ 73
Acqui-Hires 4
Deadpooled 924
Top Cities
Barcelona (826 Rounds, $5.0B)
Madrid (575 Rounds, $2.5B)
Top Investors
Caixa Capital Risc (110 Investments)
Inveready (92 Investments)

4. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Spain Tech as of March 2022
Spain Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Typeform
(2012, Barcelona, $187M)
$135M - Series C General Atlantic
Yaba
(2020, Barcelona, $85.0M)
$85.0M - Series A Crossbeam
Sesame
(2015, Valencia, $11.0M)
$11.0M - Series A PSG
Circular
(2018, Madrid, $10.0M)
$10.0M - Series A LocalGlobe
Loyal Guru
(2013, Barcelona, $8.9M)
$8.9M - Series A Nauta Capital
Trucksters
(2017, Madrid, $18.7M)
$8.7M - Series A Kibo Ventures
Oliva
(2020, , $8.6M)
$6.4M - Seed Stride.vc
TaxDown
(2018, Madrid, $6.1M)
$6.1M - Series A Base10 Partners
Civitfun
(2014, Santa Cruz de Tenerife,
$2.2M)
$2.2M - Seed P101
Wenalyze
(2016, Valencia, $1.9M)
$1.9M - Seed astorya.vc
MOWOOT
(2014, Barcelona, $2.8M)
$1.1M - Series A USM
*Shows only the lead Investors

5. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Spain Tech in March 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
$135.0M - Series C
Typeform (2012, Barcelona, $187.3M)
Cloud-based surveys and form builder application
Sofina, Top Tier Capital Partners, General Atlantic,
Connect Ventures, Trium Capital, and 4 more
EARLY STAGE
$1.1M - Series A
MOWOOT (2014, Barcelona, $2.8M)
Developer of a medical device for the treatment of
chronic constipation
USM
EARLY STAGE
$6.1M - Series A
TaxDown (2018, Madrid, $6.1M)
App & cloud-based tax management solutions for
individuals and businesses
Base10 Partners, JME Venture Capital, FJ Labs,
Adeyemi Ajao, Kartik Raghavan, and 6 more
EARLY STAGE
$8.7M - Series A
Trucksters (2017, Madrid, $18.7M)
Online marketplace for on-demand truck drivers
Bonsai Partners, Metavallon, Big Sur Ventures, APX,
Amplifier, and 4 more
EARLY STAGE
$8.9M - Series A
Loyal Guru (2013, Barcelona, $8.9M)
Loyalty via customer analytics
Nauta Capital, Telegraph Hill Capital, Greycroft
EARLY STAGE
$10.0M - Series A
Circular (2018, Madrid, $10.0M)
Online job board platform for software developers
LocalGlobe, Point Nine, Kibo Ventures, All Iron,
Quentin Nickmans
EARLY STAGE
$11.0M - Series A
Sesame (2015, Valencia, $11.0M)
Cloud-based employee time and vacation management
platform
PSG
EARLY STAGE
$85.0M - Series A
Yaba (2020, Barcelona, $85.0M)
Platform acquiring Amazon brands
Crossbeam, Tikehau Capital, 10x Founders, Bonsai
Partners, Aldea Ventures, and 3 more
EARLY STAGE
Series A
SATLANTIS (2013, Bilbao, $2.6M)
Developer of AI-enabled payloads for microsatellites
Encino Environmental Services

6. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Spain Tech in March 2022
Spain Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
Series B
ATRAPAmuebles (2013, La Muela)
Online retailer offering furniture for home
improvement
Suma Capital
SEED STAGE
$431.6K - Seed
Qoala (2020, Madrid, $431.6K)
Online platform offering coupons and cashback
SEED STAGE
$1.1M - Seed
Flomics (2018, Barcelona, $1.1M)
Provider of liquid biopsy-based diagnostics services
SEED STAGE
$1.9M - Seed
Wenalyze (2016, Valencia, $1.9M)
AI-based data analytics solutions for the commercial
insurance and banking sectors
Athos Capital, Global Omnium, astorya.vc, Foundation
Innovation Bankinter
SEED STAGE
$2.2M - Seed
Civitfun (2014, Santa Cruz de Tenerife, $2.2M)
Provider of white label apps for managing hotel check-
in operations
P101
SEED STAGE
$6.4M - Seed
Oliva (2020, , $8.6M)
Online platform for matching patients and
psychologists
Stride.vc, Moonfire
SEED STAGE
Seed
Erudit (2019, Madrid, $3.5M)
AI-powered employee engagement software provider

7. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Spain Tech in March 2022
Spain Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Stride.vc
30 portfolio companies | VC firm focused on seed stage startups
Oliva
Online platform for matching patients and psychologists
$6.39M Seed
Crossbeam
9 portfolio companies | Venture capital firm focused on early stage investment
in financial services, internet economics, and novel asset sectors
Yaba
Platform acquiring Amazon brands
$85.00M Series A
Top Tier Capital Partners
43 portfolio companies | Diversified investment management firm
Typeform
Cloud-based surveys and form builder application
$135M Series C
USM
1 portfolio companies | Provider of AI, IoT & mobile application development
services
MOWOOT
Developer of a medical device for the treatment of chronic constipation
$1.10M Series A
Trium Capital
1 portfolio companies | Diversified investment management firm
Typeform
Cloud-based surveys and form builder application
$135M Series C
10x Founders
3 portfolio companies | 10x Founders
Yaba
Platform acquiring Amazon brands
$85.00M Series A
Tikehau Capital
48 portfolio companies | Private fund focused on debt and equity investments
Yaba
Platform acquiring Amazon brands
$85.00M Series A
Encino Environmental Services
1 portfolio companies | Provider of sub-surface investigations, pre-drill
assessments, environmental construction and testing services
SATLANTIS
Developer of AI-enabled payloads for microsatellites
Undisclosed Series A
Village Capital
2 portfolio companies | Mortgage loan brokerage firm
Yaba
Platform acquiring Amazon brands
$85.00M Series A
Teamworthy Ventures
20 portfolio companies | VC fund for consumer and enterprise software services
businesses
Typeform
Cloud-based surveys and form builder application
$135M Series C

8. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Spain Tech in March 2022
Spain Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Sofina
72 portfolio companies | Investment firm focusing on long-term minority
investment
Typeform
Cloud-based surveys and form builder application
$135M Series C

9. Spain Tech - March 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 -- Forms Management $135M 1 Typeform | $135M | Series C
5 ▲12 HRMS for SMBs $80.0M 1 Factorial | $80.0M | Series B
6 ▲84 iBuying Platforms $65.0M 1 Tiko | $65.0M | Series A
7 ▲50 Gene Therapy Drugs $56.7M 1 Splice Bio | $56.7M | Series A
8 -- Nanoencapsulation $56.7M 1 Splice Bio | $56.7M | Series A
9 -- Rare Metabolic Disorder Drugs $56.7M 1 Splice Bio | $56.7M | Series A
10 -- Drug Delivery Devices $56.7M 1 Splice Bio | $56.7M | Series A

10. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Spain Tech in March 2022
Spain Tech: Analyst Picks
10
Upgraded to SOONICORN
Yaba (2020, Barcelona, Undisclosed, Seed)
Platform acquiring Amazon brands
Crossbeam, Tikehau Capital, 10x Founders and 6 other
Investors
Upgraded to MINICORN
TaxDown (2018, Madrid, $6.1M, Series A)
App & cloud-based tax management solutions for
individuals and businesses
Base10 Partners, Adeyemi Ajao, JME Venture Capital
and 9 other Investors
Added to Editor's Pick
WiBLE (, Madrid, Unfunded)
App-based platform for booking car-sharing services
Added to Editor's Pick
Wenalyze (2016, Valencia, $1.9M, Seed)
AI-based data analytics solutions for the commercial
insurance and banking sectors
astorya.vc, Athos Capital, Foundation Innovation
Bankinter and 5 other Investors
Added to Editor's Pick
Flomics (2018, Barcelona, $1.1M, Seed)
Provider of liquid biopsy-based diagnostics services
Added to Editor's Pick
ISS on Live (2021, Gava, Unfunded)
Provider of a tracking app for international space
stations (ISS)

11. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Spain Tech in March 2022
Spain Tech: Analyst Picks
11
Added to Editor's Pick
Moonoa (2021, Palleja, $1.9M, Seed)
Provider of an online consultation platform for sleep
4Founders Capital, K Fund, Eneko Knorr and 4 other
Investors
Added to Editor's Pick
Oliva (2020, , $2.2M, Seed)
Online platform for matching patients and
psychologists
Stride.vc,Moonfire,Start Capitaland
Added to Editor's Pick
Pontio (2021, Madrid, Unfunded)
Point of sale financing platform for energy-efficient
products
Lanai Partners,Bynd Venture Capitaland
Added to Editor's Pick
KeyZell (2020, Seville, Unfunded)
AI-based platform for drug discovery and development
Added to Editor's Pick
aggity (1991, Barcelona, Unfunded)
Cloud-based suite solutions for digital transaction
management
Added to Editor's Pick
Qoala (2020, Madrid, $432K, Seed)
Online platform offering coupons and cashback
Abac Nestand
Added to Editor's Pick
Coperama (2010, Madrid, Unfunded)
Offers a marketplace connecting hotel buyers &
suppliers
Added to Editor's Pick
dokify (2011, Madrid, Unfunded)
Cloud-based suite solutions for digital transaction
management
Added to Editor's Pick
Movertis (2009, Tarragona, Unfunded)
Saas-enabled platform offering comprehensive fleet
management solutions

12. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Spain Tech in March 2022
Spain Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
01 Mar 2022
Payflow(2020, Alcobendas, $13.5M)
Online lending solutions for earned wage loans
Buk
04 Mar 2022
Under Lucky Stars(2016, Barcelona)
Provider of star alignment photo frame
Galton Voysey
10 Mar 2022
Transparent Intelligence(2016, Madrid, $2.8M)
Real estate and hospitality market data analytics provider
OTA Insight
15 Mar 2022
Tequila works(2009, Madrid)
Developer of PC and mobile-based casual games
Tencent
17 Mar 2022
YITH(2012, Tenerife)
Extension tools for eCommerce stores
Newfold
29 Mar 2022
Veritas Intercontinental(2014, Madrid, $23.4M)
Provider of genomic services
LetsGetChecked

13. Spain Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Spain Tech in March 2022
Spain Tech:News
13
Exit News
.
● OTA Insight buys Transparent in bid to cover full accommodation sector
PhocusWire
.
● The merger of Orange with MásMóvil is underway MobileWorldLive
.
● Clearlake and Siris-backed Newfold Digital acquires YITH Private Equity Wire
.
● Charme Capital Partners and Amadeus Capital Partners agree the sale of
Veritas Intercontinental to LetsGetChecked Amadeus Capital
.
● Tibidabo Ventures acquires 100% of Abac Therapeutics PlantaDoce
.
● The CNMC approves the purchase of Glovo by Delivery Hero idealist
.
People News
.
● Accelya Promotes Davidson to CEO TechiLive.in
.
● Mar Vieiro joins Openbravo as the new Sales Director for Southern Europe and
Latin America PR Newswire
.
● Accelya Adds Amadeus Alum to Americas Sales Team Business Travel News

14. Spain Tech - March 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
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