Itnig Coworking & other Startups News

At Itnig, we know it’s hard to keep up with all the news and updates flying around. This month,  we (Itnig) expanded our coworking space as you may have seen in the news. If you want to join our ecosystem of entrepreneurs and techies, just let us know!

Itnig Coworking Space

On top of that, Syra and Itnig worked on what we call Coffice, an office space that offers coffee for everyone. We opened doors on August 5th (Pujades 100, Barcelona) so make sure to pass by to try our coffee!

Startup Inside Stories Podcast

#95 : Ignacio Fonts, from Inveready

This week we’ve interviewed Ignacio Fonts, Managing Partner at Inveready, one of the first early-stage investment firms in Spain. This VC fund is especially interesting as they have pioneered in many fields successfully.

Inveready’s most notorious investment is MÁSMÓVIL, the telecom company that has become a superstar buying bigger companies like Yoigo. Ignacio opens up and explains some of the toughest situations of the company and how a VC firm can support in such hard times.

No doubt this is one of the most educational podcast so far!

#96 : Andreas von Estorff, from ModelManagement.com

Andreas von Estorff is a German serial entrepreneur based in Barcelona that has built his career around the model management business. In this week’s podcast, he explains how he built some of his companies like Casting.net, a marketplace for models, actors and other artists.

His current project is ModelManagement.com, a website that has built a community that connects clients that need to find a model and people that want to perform as models, being or not professionals. He shows numbers and events tell us how much a model can earn per shooting!

#97#98 : Christian Rodríguez, from ByHours

Christian Rodríguez is an entrepreneur with plenty of things to tell. In this week’s podcast, he tells us about some of his successes at Hawkers, Northweek and ByHours.

In 2011, Christian decided to setup ByHours, a company that allows users to book hotel rooms for 3, 6 or 12 hours. Since then, the business has grown and has become another success story from the Barcelona startup ecosystem.

Christian explains his businesses in detail and the conversation went longer than usual so when talking about the history of Hawkers, we decided to make a dedicated podcast so you can watch it fully at any time. Enjoy de Part 1 and the Part 2.

#99 : Marc Vicente, from ABA English

In this week’s podcast, we are chatting with Marc Vicente who is currently CEO at ABA English, a startup focused on teaching English. He has also been at other C-level positions in companies like Akamon and Rakuten Spain.

Marc discusses some of his insights in the marketplace business and explains some of the differences he finds between Amazon, Rakuten or other companies like Alibaba or Cdiscount.

#100: Yassir Raïs, from Syra Coffee

 We got to the podcast 100 already, and to celebrate it we have invited Yassir Raïs, founder and CEO at Syra Coffee. At Itnig we believe in the potential of his project and we are investing from the Itnig Fund to support its growth.

His claim is to democratise coffee, good coffee. He believes that specialty coffee should not be expensive but it should remain of outstanding quality. His success in his fist shop in Gracia (Barcelona) has encouraged him to dream big and scale the business to become the leader in the sector.

We compared the business to Luckin Coffee (over 1.700 shops) and Starbucks. Check it out here!

July Startup News & Updates

Neobank startups seem to be the golden pot of entrepreneurship as we got yet another astonishing figure from Monzo, which doubled valuation to $2.5 billion. But fintech doesn’t have just one leg and Freetrade, the European Robinhood, raised last month £1M via Crowdcube at £18M valuation. They did it in 1 minute and crushed the site… and this week they have raised £3M at £42M valuation! That’s nuts!

This technology is quite the present rather than the future and some investors don’t want to miss it out as proven by the Japanese startup Tier IV that just raised a humongous Series A of $100M

App developing companies must be happy as app revenue is up by 15% in the first half of 2019 compared to last year’s. The Apple Store continues to be the king with $25.5B spent in 6 months in contrast with the $14.2B in the Google counterpart. 

Oh, and if you are new to our newsletter you might have missed the 5 mega-deals that made Q2 2019 a record-breaking quarter for European startups. More to be expected soon as e-ventures raised $400M with $175 million going to its Europe-focused investment arm

Are you an Angel Investor? You may not be using your money right. Some people believe angel investments are meant for those willing to support ideas rather than purely making money. 

EU-Startups just published a list of 10 mobility startups to look out for in 2019 and the sector keeps booming. For instance, last week, we got to know that Uber’s rival Bolt has closed a $67M round, but… wait! They are not the only Bolt startup that raised $67M last week! 

We got to know that card-payment solution SumUp secured a $300M loan to finance its growth while the German neobank N26 has raised an additional $170M funding at $3.5B valuation. Also, the card aggregator Curve raised €49M and they partnered up with us for this week’s podcast!

The Apollo 11 turns 50, a project that might bring some insights for your own moonshots. Additionally, as entrepreneurs ourselves, we know sales is tough and being a team leader in the sales department is even tougher so Bernat wrote an opinion piece on what a leader should have.

Oh, and a couple more news to start off the week. Sifted explained how to do PR in a startup – tip, don’t hire an agency before Series A. And if you have a B2B model, you may be interested in learning how to build your Lead Generation Strategy.

New Funding for Startups

Random Tech News


Those are July 2019 startup news!

At Itnig, we write a weekly newsletter where we keep our community updated on everything related to startups, tech news, fundings, and we share our weekly podcast!
Subscribe and keep up with the startup universe, or feel free to come back for more startup news of the month here!

Itnig Fund, Pitch to Investors & other Startups news

At Itnig, we know it’s hard to keep up with all the news and updates flying around. What happened in June? It’s a pretty big news for Itnig. We launched the Itnig early stage fund looking for brave entrepreneurs and great projects to invest about €100,000.

We are looking for unique projects and an incredible team that goes with it. We accept projects in a rolling-basis. Our investors will get back to you when the project is evaluated. If you want to give it a try, make sure to apply now!

Itnig Fund

That’s not it. You can also present your project during a live event “Pitch to Investors at Itnig. More precisely, we offer the opportunity to entrepreneurs to pitch their project in front of investors. What’s in it for you? You get an instant feedback from them, and hopefully, positive news will follow, but that, we can’t promise. However, it’s always worth to give it a try!

Let’s have a look to our month podcasts. From Welcome to the Jungle to K Fund, these podcasts should indeed be your #workingfromhome next playlist.

Startup Inside Stories Podcast

#91: Andrés Askenasy, Maite Forcadell and Juan Rodríguez, from Camaloon

In this week’s episode, Andrés Askenasy (Industrial Director @Camaloon), Maite Forcadell (Printing Manager @Camaloon) and Juan Rodríguez (CEO @Camaloon) chat about how Camaloon uses technology to make a very successful B2B printing company.

Andrés and Maite emphasise on what makes them different. Camaloon is run out of optimization technologies that enable them to save costs and time for their customers while remaining a successful business model.

Their next challenge? Controlling the end-to-end process including shipping. What an exciting time for them!

#92 : Oriol Marimon, from eCooltra

This week’s guest is Oriol Marimon, CEO at eCooltra, an electric motosharing company with 3-digit growth figures.

He has explained to us how their business works and what has led their company to close 2018 with an €8M annual turnover chasing the vision of reducing the use of private vehicles in day-to-day rides.

Oriol gives us some clues to better understand their business model and the challenges that eCooltra is facing as an electric motosharing.

#93 : Sergio Balcells, from Welcome to the Jungle

Sergio Balcells is an entrepreneur and executive that started as a lawyer but realized he was more of a sales kind of person so after changing sectors, he created Glamourum the first subscription-based company in Spain. Glamourum was then sold to Joliebox that was quickly bought by Birchbox where he served as CEO for Spain for over a year.

Sergio focuses on the learning outcomes he got as a General Manager at different companies like Coches.net, Milanuncios and JOBS TODAY some of which he is currently putting in place at his current endeavor as a Country Manager at the French-based company Welcome to the Jungle to Spain.

We will keep our eyes wide open to see how all these projects get developed.

#94: Jaime Novoa, from K Fund

Jaime Novoa is especially known in the startup sector because of his job with the Novobrief newsletter, and more recently at the VC firm, K Fund.

He never aimed at being a journalist nor an investor. He just started writing posts for his own blog and for others out of passion and soon created the Novobrief brand. After a while, he decided to sell the blog but kept the newsletter which still he curates himself.

In our conversation, he explains to us how it is to work at an early stage fund and how he slowly turned into an investor.

June Startup News & Updates

Ready for your quick dose of startup and tech news? Here we go!

The European startup ecosystem is fastly evolving and catching up. Don’t trust us, trust the ranking made by StartupBlink in collaboration with Crunchbase and others that lists 1,000 startup ecosystems from 100 different countries (if you are curious, Barcelona ranks 27 and Madrid 31). On top that, some people suggest Silicon Valley should look to Europe to solve its IPO problem.

On another note, something that caught our eyes was the return of Foursquare to big funding rounds. The location check-in company has raised a $150M Series G round. This is more than four times larger than its previous round showing that a business can retake traction after pivoting.

SaaS startups have been the philosopher’s stone of entrepreneurship driving high margins and recurring revenues but the market seems to be a little bit skeptical. Last week, SaaS stocks dropped by over 5% in a single day, not just a company but the whole sector. Scary, huh? BTW, if you are one of those, you may consider getting repriced!

Booming leaders. The 30 under 30 list by FORBES is always interesting to check out but if you don’t want to miss some of the most influential raising stars, QVIXOTE LEADERS have just published their own list with 16 of the most disruptive entrepreneurs.

Oh, and pure tech. While Apple has been presenting its new cheese grater, we got to know that Barcelona is one of the cities chosen to host a supercomputing center financed by the EU. Additionally, Google has updated its Googlebot. No more server-side rendering?

How fast is the European ecosystem growing? GP Bullhound just assured that Europe will have its first Titan in 2021, as Spotify and Ayden will be the first startups reaching a $50.000M valuation. If you are more into the Chinese market, these are some of the tech trends to watch in 2019.

Bird is buying Scoot and ACCIONA has entered the business with 1.200 motorbikes only in Barcelona

And two extra tips. The madri+d foundation and F. Iniciativas have released a quick summary of financial resources for startups

Slack‘s first days in the stock exchanges have been crazy and just on the first day, they jumped from 26$ to over 40$ per share. The American company has a very promising future and is currently valued at $23B, any bets on its valuation in a couple of years from now?

Investments in Europe have matured quickly and as Cabiedes mentioned in our podcast, investing in copycats is more than a good option (and he is not alone in this belief). So… maybe your business also needs competition to thrive.

In another part of the universe… Pizza robots are getting into the business. The Paris-based startup Pazzi just secured a €10M funding round to launch its first restaurant with robots instead of chefs making pizzas!

New Funding for Startups

Random Tech News


Those are June 2019 startup news!

At Itnig, we write a weekly newsletter where we keep our community updated on everything related to startups, tech news, fundings, and we share our weekly podcast!
Subscribe and keep up with the startup universe, or feel free to come back for more startup news of the month here!

New Attendance Law in Spain & other Startups News

At Itnig, we know it’s hard to keep up with all the news and updates flying around. What’s new? Well, there have been some changes in Spain. We have some news considering what’s happening in the Spanish Ecosystem. Are you aware of the latest time and attendance law?

New Attendance Law

It has come to action on the 12th of May 2019 giving the obligation to businesses to track the attendance and time spent at work of every single employee; to find out more considering this law, you can take a look here.

We published an article on the blog of itnig, where we discuss why this law will kill the innovation in Spain and Europe; you can take a look right here! Also, Factorial developed a free feature that companies can directly download to be compliant with the law.

Ok, so now that we are updated on legal news, we should maybe check out our podcasts of the month. You will not be disappointed as we are welcoming 5 guests this month for 5 explosive podcasts.

Startup Inside Stories Podcast

#86 : Roger Casals, from Plazah

This week Bernat Farrero (CEO Itnig) and Jordi Romero (CEO Factorial) discuss with Roger Casals (PasswordBank, Symantec and now Plazah).

Roger started his first company in 1999, Powerdata, after self-teaching to program in C. He dedicated himself to solving company’s management problems and started different businesses that were sold later on. One day, when explaining his Product to a customer, he found himself with another issue leading him to develop Password Bank (a software centralising all passwords compatible with any platform).

Password Bank obtained 1M€ of private investment with Inveready among others. This amount was multiplied several times with Spanish public financing rounds. He moved to the USA because that’s where he found his “5 ps”: Potential customers, investors, partners, competitors, suppliers. At the beginning it was costing him a lot, until he realised that as a small foreign startup, he did not meet any of the characteristics to sell to any big American Company.

After much frustrations and complications he ended up selling it to Symantec, for 25 times his Revenue, and became it’s executive. Roger explains the problems of international taxation, tells us about the functioning of companies in Delaware, price competitiveness in technology between USA and Spain and his experience with government loans. His latest project is Plazah, a Marketplace recommendation where any company can sell products with direct sales from its own users.

#87 : Pablo Villalba, from 8fit

In this week’s podcast, the product-focused serial entrepreneur Pablo Villalba shares with us his story. 

Discover how he launched RedBooth, and grew this communication and collaboration platform to a 7-digits yearly revenue business.

Find out how the MVP of the 8fit was originally a basic Google Doc sheet and how grew into a multi-million users App bringing tens of millions of dollars of yearly revenue. 

Find out about the Product-focused innovation and the Challenges that hide behind the scale of an innovative business.

#88 : Eduardo Manchón, from Mailtrack 

In this week’s episode of Startup Inside Stories, Bernat Farrero (CEO @itnig), Jordi Romero (CEO @Factorial) discuss with Eduardo Manchón the CEO @Mailtrack and founder of Panoramio, one of the first exits to big tech companies produced in Spain. He is also a self-proclaimed grandpa in the Spanish startup ecosystem.

He studied psychology and focused on learning human sciences, which combined to his nerd roots brought him to human computer interaction, he learnt Nielsen principles and before he knew Ubaldo Huerta (previous guest in our podcast) hired him to work on his startup Loquo. There he learnt everything to start his own bootstrapped company, Panoramio, in 2003 with cofounders Cuenca and Florido, each working from their home.

Panoramio was the origin of geolocalized photo-sharing in Google Earth initially and Google Maps later on. After some ups and downs in the collaboration, Google finally made an offer to acquire the company paying from “1M to 5M per Kg of founder” on the 31st of May 2007. He worked at Google Switzerland while the “vesting period” lasted and then went back to live sabatically at his hometown.

In 2013 he joined Mailtrack initially leading Product and becoming the CEO afterwards. Mailtrack is an email notification SaaS with tens of thousands of paying users. The company was cofounded by Nacho González (also previous guest in the podcast), who later left to start Hireflix, his last venture.

#89 :  Tyson Kallberg, from Asana

In this week’s podcast (in English) we talk to Tyson Kallberg, head of design at Asana, about how he ended up in the company, how the founders Dustin and Justin left Facebook to start it and the growth the company has experienced since he started working there.

We discuss how important the fact of starting a business in SF is, compared to other cities in the world, the work culture in the Bay Area, and why he thinks Asana’s culture is different to others.

We obviously talk about design, and Tyson shares with us how Asana’s design team is structured and the challenges of keeping the hierarchy as flat as possible while growing fast. We talk about their roadmap and how the different teams join efforts to drive it together.

Tyson finally gives us his thoughts on what a product manager does or at least should do.

#90 : Vicens Marti, from Tangelo Games

In this week’s episode, Bernat Farrero (CEO @itnig) and Juan Rodriguez (CEO @camaloon) discuss the life of Vicens Martí, entrepreneur and executive of many companies.

Vicens defines himself as sector agnostic, he thinks that business is business and there is no such thing as “this industry is different”. After being entrepreneur in the hospitality industry, playing different roles at Cirsa, AMC and Port Aventura, he went on to become one of the initial executives who started Vueling and brought it to the IPO. He learnt a lot from this process and specially from its founder Carlos Muñoz.

After a short period as CEO of the family-owned Custo Barcelona, he then was convinced by Carlos Blanco to lead Akamon and accepted the challenge for 5 years until he brought it to the 28M$ exit to a Canadian company. He keeps involved as the CEO of the acquiring company, then renamed to Tangelo Games.

Vicens thinks he can play a crucial role and “bring agency” to the places where he gets involved and have a rich personal life at the same time. He is now President at El Row, which makes over 30M€ and 5M in EBITDA by organizing electronic music shows. He especially enjoys this sector as he is a big fan of electronic music. As a bonus, he tells us the experience of participating in the Burning man annual festival.

May Startup News & Updates

Last week the IPOs season continued, and also new gigantic private rounds. These are exciting times for many Internet industries, but also for the fans of good coffee like we are at Itnig (soon we’ll share some related news of our own! 😉). Luckin Coffee, a Chinese coffeeshop chain that opened only in 2017 went public in Nasdaq last weekraising 561M$ in the public market on top of the 550M$ previously raised in venture capital. The goal of this ambitious 3b$ priced retailer is to replace the giant 96b$ Starbucks in China with new 2.500 locations, all opening this year. Boom! Yes, that’s the pace in which China intends to replace western brands (hello, Apple)!

Also, Softbank strikes back in Europe with the 484M$ monster round in the German Atrapalo-like travel and leisure booking platform, GetYourGuide. Lastly, but not least, Glovo will have now a harder time competing after the biggest operations company in the world, Amazon, invested 575M$ in Deliveroo to compete against the leader in last mile food delivery service, Uber Eats. People wonders if the service will integrate with Amazon Prime or if Amazon will build the new AWS for cloud kitchens (or ghost kitchens)… as we said, exciting times ahead!

One of the biggest recent success stories in Europe is undeniably the money transfer startup Transferwise. The company has recently announced a $292 million in secondary share sale which won’t bring fresh money but will make some of their initial shareholders and employees pretty happy. Reports claim that this round has made 33 new millionaires. We might be seeing a wave of great Estonian startups coming up soon !

This month was also very positive for the cloud-based identity platform for developers Auth0 as they raised $103 million to become a unicorn. And we lost the count. Unicorns don’t seem to be so rare in recent times and some start to question if the real unicorns are actually the profitable startups (like Transferwise seems to be).

New Funding for Startups

This week the European Funding Rounds have been led by the United Kingdom, followed by Spain, Germany and Switzerland. Here is what has been happening :

🇪🇸 SPAIN

The Madrid based startup  Playtomic has raised €6M and is leading the funding round of country, followed by the  Barcelona based startup Holded that  has secured €6M during their Serie A funding round. Finally, the video-based insurtech solution Bdeo has raised €1M 

On the Spanish territory the Famous Barcelona-based delivery app Glovo has raised €150M in Series D funding by the venture capital Lakestar.

Almost 18M€ raised in Spain:

  • Kompyte, the technological SaaS startup for pricing intelligence, with current headquarters in San-Francisco, raised 2,67M€ from CaixaCapitalRisc, Adara and Swanlaab
  • Psious, the VR treatment for mental disorders, raised 8M€ in a funding round co-led by Sabadell, Asabys and Caixa Capital Risc.
  • Rentals United raised 3,8M€ from Stella EOC Capital and Howzat Partners.
  • Hubtype’s chatbots raised 1M€ from K Fund.
  • Zinklar raised 1M€ from Caixa Capital Risc, Inbeready and Sabadell.
  • Muroexe DTC brand raised 1M€ from Unknown investors and want to raise more from friends (¿?).
  • Guesser raised 1,1M€ as a Seed Round to bet on market predictions.

🇬🇧 UNITED KINGDOM

In the United Kingdom, the week has been rich in investment starting by the investment of €17.4M for ButternutBox, which is a fresh food delivery service for dogs; surprising right? 💸🐶 Closely followed by Wheely, the luxury ride hailing startup that secured €13.4M in Serie B Funding. Finally, two London-based Startups Muso raised €4M to address digital piracy and Sythesia has raised €2.8M

In the United Kingdom, it is the London-based payment solution platform Checkout.com that leads this week’s investment with the raise of€269M in Serie A Investment, followed by the funding of FutureLearn with €58.6M from SEEKGROUP. We can also note smaller investments such as; Pharmaseal International closing a funding round of €1.1M and the video-based hiring platform startup Tempo raising €2.05M.

🇩🇪 GERMANY 

In Germany, the startup Rum has received €10M from SAP

In Germany, it is the Berlin based digital freight forwarder Freighthub that leads the national investment round with the raise of €26.8M in Series B fundingfollowed by the 7-Figures SeedFunding of the miRdetect which developped a detection method of testicular cancer

🇨🇭 SWITZERLAND

The Zurich Based startup RosieReality raised €2M to build AR games for kids

🇫🇷 FRANCE

To finish the week, the Paris-based trucking marketplace Fretlink that raised €25M in Series B Funding. 

Other news iEurope this month:

Random Tech News


Those are the May 2019 startup news!

At Itnig, we write a weekly newsletter where we keep our community updated on everything related to startups, tech news, fundings, and we share our weekly podcast!
Subscribe and keep up with the startup universe, or feel free to come back for more startup news of the month here!

Challenges with Xavi Sans (Orain Technologies) & Startups News

At Itnig, we know it’s hard to keep up with all the startups news and updates flying around. We are quite delighted about this month’s podcasts. If you’re interested and passionate about tech, Xavi Sans, CEO of Orain Technologies, is having a talk about his company and their challenges on our weekly podcast.

Itnig Podcast

Orain converts vending and self-service machines into intelligent devices (“smart”) offering a communication interface to consumers via chatbots; using their own phones as a modem. They are connecting machines to the Internet while allowing them to keep their database synchronized.

The company faces a huge but highly atomized market with many possible verticals to conquer. Their business model is a SaaS, paying the companies that sell the machine’s products.

Orain has a double challenge in its ‘Go To Market operation’ through the engagement of the companies and users. They now have 20 employees and are pursuing both objectives and growth. He mentioned that their growth rate corresponds to 300% a month and that in the last year they closed 400k€ turnover between Spain and Italy.

The business-funded itself in a first phase, and at the end of 2017 closed a round of 1M€ with business angels and a vending machine plastic cups manufacturer. Xavi is currently preparing another much larger round to continue growing.

What about other successful businesses and their stories? Let’s move on to three other podcasts where you’ll learn about VR technologies, WeFitter and B2B. Finally, you will discover the great project and enterprise Bound4Blue, a tech product which is having a great environmental impact.

Startup Inside Stories Podcast

#82: Jordi Valls, from Mentor-VR

Jordi Valls claims that VR technologies are in its sweetest moment. Among other aspects, its market acceleration is caused by the hardware improvements and reductions in costs, with devices like the Oculus VR Gothat can be purchased for as little as 219€. Jordi anticipates that Oculus was a very visionary acquisition by Facebook with the potential to become even bigger than Facebook itself.

Today gaming is the main application we see on VR and Sony is the current vendor leader. However, there have been some new companies using it for therapies, training, and many other uses. In the b2b space Mentor VR is one of these new models, inspired by the American STRIVR that used VR to train over Walmart’s 1M employees. They plan to start as an agency that records and prepares the 3D videos and productize it along the way.

Jordi finishes by telling us his previous adventures as an entrepreneur, its stay in Palo Alto to found 1sleeve (customized iPad cases), then Startup Embassy (apartments for entrepreneurs), to come back to Spain to work for a packaging company and then move to Menorca to lead a “startup deacceleration program” called Menorca Millennials.

#83Carlos Rodés, founder of WeFitter.

Wefitter was founded in 2014. applied to Itnig’s “acceleration program” (when it still existed). They did not enter as it was too early for the team. At this time, he also lost his CTO. Carlos shares with the frustration and importance of having a good CTO to boost a startup on the Internet, which Wefitter did not get.

After long existential debates between B2b and B2c, a recurring theme in the stories of Itnig podcasts, WeFitter opted for the B2b. Its model is the sale of the sports information of its users to companies and insurers. Carlos debates with Jordi and Bernat how to evangelize in a market that is not yet ready (insurers). Bernat cites the models to Google performance, but also Marfeel and Red Points as a formula to explain new ways to solve problems.

One of the key elements of Wefitter’s story is the number of accelerators he’s been through. It passed through Seedrocket (Barcelona), H-Farm + Technogym (Italy), 500 startups (San Francisco), Articstartup (Finland) and Katapult Accelerator (Norway). Carlos jokes that being accelerated becomes a lifestyle and that he takes more learning into the next project than those that can be achieved in an MBA.

#85: José Miguel Bermúdez, from Bound4Blue

In this week’s podcast, Pau Fernandez (CFO of Quipu and Factorial), and Dan Kragt (CEO of Quipu) discuss with José Miguel Bermúdez, CEO of Bound4Blue.

José explains about being passionate about sailing and aeronautics all his life. He co-founded in April 2015, his company Bound4Blue. Boats use a lot of energy and resources that hurt the environment and the income statements of naval companies; Bound4Blue provides boats tailored complementary rigid wingsail technology. Their product uses the power of the wind to provide maritime transport with a solution to decrease emission levels and fuel consumption.

He explains that the combustibles of the boats are extremely dangerous for the environment, as well as dirty and of very low quality. Bound4Blue’s products could be applicable to 80% of the world’s fleet, representing more than 50.000 boats. Their technology is adaptable to existing boats and can be implemented to the design of new ones. The concept is not new, as the wind has been used since the beginning of ages; all Bound4Blue as done is to industrialize and transform it into promising technology.

José explains that fuel can represent over 50% of the costs of a trip and a solution like Bound4Blue’s can represent a big boost in the margins. José also explains how they design, install (with the actual production outsourced) and maintain the installations. Therefore they can have a margin on the setup of the sails and on the recurring revenue they can charge to their clients

José underlines that the maritime sector is very conservative and that the real challenge is to prove the positive impact their product would have on the industry and the environment. He mentions that some other well-known companies are working on the development of technologies in this sector; such as Airbus, working on the development of technological kites to pull boats.

To finish the discussion, José concludes that maritime transport is viable and that it’s all about modernizing it and giving it time to adapt to technology. In the future, he sees Bound4Blue the leader of this technology type.

April Startup News & Updates

New Funding for Startups

Local 
Motors
Fintech
Health
Other

Random Tech News


Those are the April 2019 startups news!

At Itnig, we write a weekly newsletter where we keep our community updated on everything related to startups, tech news, fundings, and we share our weekly podcast!
Subscribe and keep up with the startup universe, or feel free to come back for more startup news of the month here!

Ambitions with Javier Suárez (Travelperk) & Startups News

At Itnig, we know it’s hard to keep up with all the startups news and updates flying around. This month, we’re having a blast as we welcomed Javier Suárez, from Travelperk, for our weekly podcast. We discover how he got where he is today, his experience and more about Travelperk.

Itnig Podcast

Javier started his career in Booking as a restless seller which quickly passed to the product and “innovation” section. Here he discovered the huge demand for business travel that the market leaders weren’t covering. This led him to write the business plan of Travelperk, for when he will meet the rights co-founders. He finally met them, and his new associate Avi Meir convinced him to move to Barcelona to start their journey.

His first proposition was an algorithm that was calculating the complete cost of the travel, but while selling it they realised that their potential clients were looking for a more complete solution that will allow them to buy directly the whole travel online. So they started working in order to close funding round ( from seed to series C) until being one of the only European companies that raise that much money in such a short period of time: 71M€ in 3 years.

The product to construct is infinite, but they did it quickly. According to Javier they were “building the plane in the middle of the flight!”.  In order to do it, from the first day they used “manuals” operations to compensate the fact that parts of the product weren’t ready.

Their ambitions are huge, they already have a workforce of more than 300 employees and offices in the USA, Berlin, Londres and Barcelona and are currently opening ones in Paris and Amsterdam.

Let’s continue and discover other great podcasts we had during this month.

Startup Inside Stories Podcast

#79 : Jorge Dobon, from Demium Startups

Jorge explains the peculiar model of “pre-idea” and “pre-team” incubation. The entrepreneurs get to know each other at an event called “All startup”. There, they are forming teams and decide on which project they want to invest their time for the next few years. Demium is associated founder of every project with 15% of the capital, a team will involve itself during the first phases to help to raise the next funding round.

Bernat poses the problem of when an associate from the first steps continue with the project on the long-term (11:19) and the difficulty for the entrepreneurs to appreciate his contribution to middle-term. Juan delves (14:20) and finds it difficult to understand the “cover charge” of 15%. Jorge responds that a lot of entrepreneurs learn and decide to launch their projects thanks to Demium,  and that the satisfaction level is really high. Concretely Demium launched 57 companies, even though it obviously counts with some unhappy entrepreneurs.

Jorge explains what exactly is it to incubate a company during the first 6 months (20:00) and how they study markets to assure an easy way to raise money. He gave us as well his comparative vision on the obvious reference of YCombinator (33:16) and why accelerators are models of brands building and of winner takes it all (42:30) and from there his international expansion strategy.

We finished joking about their last articles published on the press which made a buzz on Twitter (50:35).

#80: Oriol Blanc, from Quipu and César Miguelañez, from Factorial

This week Bernat Farrero (CEO @Itnig) and Jordi Romero (CEO @Factorial) discuss with Oriol Blanc (Product @Quipu) and César Miguelañez (Product @Factorial) on what criteria should be used to lead the construction of a digital product in 2019.

20 years ago Ben Horowitz described a good product director as the CEO of the product (05:17). Oriol and César give their views and insights on what this responsibility actually means on a daily basis and where they take their main inputs. Both explain how their teams are structured, what interesting profiles form them (21:00), and how they fight to continuously point efforts towards the customer while keeping a steady long term vision and strategy.

César and Oriol explain what methodology they use to generate roadmap, how they delegate responsibility on their multidisciplinary teams to fully focus on one problem at a time, what is the cycle from idea to production (25:15), what is a Minimum Viable Product and a Minimum Lovable Product (33:48), the differences between testable, usable and lovable. They also tackle the relationship with technology and marketing (42:40), with whom they constantly interact. Finally, they share what tools help them successfully coordinate efforts and people (52:30).

# 81: Javier Aracil, from Mr. Wonderful

This week Bernat Farrero (Itnig) and Juan Rodriguez (Camaloon) talk with Javier Aracil, who founded Mr Wonderful with his wife in 2011.

Mr. Wonderful is a Digitally Native Vertical Brand that was created by a creative couple in the spare time while they both worked at different creative agencies in Barcelona. Their particular vertical is optimistic messaging and design that they print on different products including mugs, notebooks, glasses, you name it!

Mr. Wonderful is also an example of a blog/community first business, as Angie (Javi’s wife) was already blogging in 2011 even before selling the first product online. Their starting niche market was “original weddings”, but they managed to extrapolate it to mothers, families and mass market. Early offline distribution was key to their success, but “without a powerful online community, they would have never convinced main retailers”.

Mr. Wonderful has been profitable since they one, as this is “how the founders understand business”. They alone brought the company from 0 to over 30M€ in 2016. However, last year they sold a part of their business and prepared their company for international expansion, letting a VC firm from Madrid in their capital and scaling their team from 70 to 140 people.

March Startup News & Updates

New Funding for Startups

Cyber defence
Analytics
E-commerce
Local
Insurance
Costumer review/support
Mobility
Healthtech 
Workplace
Design/Art
Fintech
Other

Random Tech News


Those are the March 2019 startup news!

At Itnig, we write a weekly newsletter where we keep our community updated on everything related to startups, tech news, fundings, and we share our weekly podcast!
Subscribe and keep up with the startup universe, or feel free to come back for more startup news of the month here!

Pro-tech business with Andrés Pla (Prontopiso) & Startups News

At Itnig, we know it’s hard to keep up with all the news and updates flying around. We have a special surprise for you this month. On our weekly podcast, we had the opportunity to welcome Andrés Pla, Founder and CEO of Prontopiso, and talk pro-tech business and more. You will discover an animated talk with Bernat Farrero (Itnig CEO) and Juan Rodríguez (Camaloon CEO). Moreover, you will discover startups news and other 2019 updates.

Continue reading “Pro-tech business with Andrés Pla (Prontopiso) & Startups News”

The New Itnig Fund & Other Startups News

At Itnig, we know it’s hard to keep up with all the news and updates flying around. This month, well it is all about Itnig, because we launched our new fund, and we cannot be happier!

We prepared a special podcast where Bernat Farrero, Juan Rodriguez, and Jordi Romero reveal the launch of the Itnig Fund. It is an early stage fund that aims at investing 100.000€ in, at least 20 startups, in the following months. Itnig Fund is one of the few funds run by active company operators who are open to share and exchange resources, knowledge, network and ideas.

Our board members at itnig fund
Itnig fund at our Pitch to Investors event.
Continue reading “The New Itnig Fund & Other Startups News”

Working from home is possible

“Most companies in Spain were not prepared to send their staff to work from home”, but working from home is possible. We start the week with an interview in TVE with our CEO, Bernat Farrero and our Operations Manager Meritxell Viladomat, explaining the current WFH situation. Many companies have realized that working from home is possible and will cut in corporate offices. For those employees unable to work from home, Itnig offers coworking space with very affordable fees!

Continue reading “Working from home is possible”