MWC Canceled, while US VCs are coming to Europe and N26 exits UK market

At Itnig, we know it’s hard to keep up with all the news and updates flying around. MWC was canceled, while US VCs are coming to Europe, and N26 exits the UK market. Other news and updates on the latest in the startup and tech universe!

MWC has been canceled due to coronavirus concerns. Check out the MWC Alternative Week we had at Itnig. Meanwhile, legendary Silicon Valley venture capital firm Sequoia is coming to Europe and it’s not the only US fund showing increasing interest in the continent. The US VCs are coming to Europe

A Brexit consequence: N26 exits UK marketWatch our podcast with Head of European Markets Francisco Sierra.

Startup Inside Stories Podcast

  • 125 : The Birth of VOLAVA ft. Joel Balague

We interviewed Joel Balague, CEO and founder of VOLAVA, an interactive cycling platform with direct streaming service from a real gym to your home. Volava is considered to be the Spanish version of the American fitness company Peloton.

  • 126: The Fate of Apartment Metasearchers, Apartum and Sergi Villaubí

Seri Villaubí visited the podcast. Sergi, entrepreneur, and founder of Apartum: the first comparator of tourist apartments on the internet. He also told us about his new adventure with Monstera.

  • 127: The Softonic phenomenom with Tomás Diago

We had the honor to have Tomás Diago, a pioneer on the Internet in Spain as a guest. In 1997, when you had to buy software boxes, Tomás Diago founded Softonic. It started as a humble software download website and became one of the largest Internet companies in the world with more than 100 million users per month, the story is amazing.

  • 127: The digital record label of Esteve Lombarte

Itnig talks with Esteve Lombarte, CEO and founder of Acqustic, a platform for musicians with all the tools to boost their careers. The app allows artists to find their next gig opportunity, making it easier for venues to find performers and manage the event. 

February Startup News & Updates

Other than MWC Canceled, while US VCs are coming to Europe and N26 exits UK market, other important stuff happened this month in the startup and tech world:

Over the past 5 years the amount of money flowing into European food startups has tripled, jumping from €538M to €1.6bn, according to Forward Fooding. Meet the European food-tech startups that topped a new ranking based on growth, sustainability, and social media buzz.

Our friends from Tropicfeel achieved an equity crowdfunding goal of €738,000 in less than 3 hours. If you missed it, here’s their story on the Itnig podcast

In other news, Uber managed to surprise investors with its earnings report showing shrinking losses and giving an optimistic profit forecast. Many analysts are turning from skeptics to believers about Uber’s future. Why?

When comparing traditional venture capital funding with crowdfunding, there are some differences that we should consider when deciding which source of capital may be the right choice. Crowd Angel raised €1.3M to continue to invest in companies.

In other news, 4 out of 10 public loans to startups are not returned. The data comes from the analysis that the professor of Financial Economics at UCM José Martí prepares each year for ENISA.

In other news, Yubo Ruan, the 21-year-old founder and CEO of 8 Decimal Capital started a $60M fund, and young entrepreneurs struggling to be taken seriously can learn a thing or two. 

As it stands, Apple Pay is responsible for around 5% of card transactions, globally. However, over the next five years this is expected to grow to 10%, Quartz reports. So much so, competition watchdogs are starting to pay attention.

Astranis, a satellite Internet startup focused on bringing overlooked parts of the world online, raised $90 million in new funding. This new funding will help Astranis deploy its first satellite, providing Internet service in Alaska, as well as funding further growth, CEO John Gedmark tells Fortune.

In other news, FC Barcelona has signed a new global partnership agreement with Maltese startup Chiliz, the sports and entertainment fan engagement platform based on blockchain. The agreement will give fans a way to interact with the football club and its activities, via the new ‘Barça Fan Tokens’.

New Funding for Startups

  • VC firm Atomico announces its fifth fund of €820 million, to invest in Series A, B, and C stage breakout startups in Europe.
  • Meanwhile, Da Vinci Capital, a new VC fund, has announced that it will invest more than €277 million in high growth technology companies. 
  • OTB Ventures launches a €92.4 million fund to invest in Central and Eastern European tech startups.
  • London-based CapitalT has also announced launching a €40 million fund looking for the next European unicorns. 

Random Tech News

With the MWC being canceled, while US VCs are coming to Europe and N26 exits UK market, we can be sure that changes are coming!

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!
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