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!

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