Venture capital rounds in the ICT sector in July follow the trend we saw in the last InvestmentReport in March, where the average deal size had increased from €1M to €2M from March 2014 to March 2015. In the month of July there have been a number of deals in excess of €4M. Below we highlight some of the deals completed this month.
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Hidráulicas Jimol and Hydromodel, water industry companies receive funding
According to a report by RobecoSAM, the water business is a $600 billion market globally and is growing between 1% and 2% faster than global GDP. In Spain, spending is around €7,000 M. Water services, such as household supply, account for 55% of this total; wastewater treatment 38% and water for industry 6%. Although we are below the European average, Spain has companies that want to grow and achieve a leading position in the market. In recent months we have seen companies such as hidráulicas Jimol and Hydromodel receive funding for this purpose.
Venture capital in the tourism sector: Springwater and Inveready.
Venture capital is active in the tourism sector. If we recently mentioned that the Hotusa group had decided to create a fund for technological and innovative startups focused on the hotel and tourism sector, in this post we comment on the operations that have been carried out in the sector recently.
Ecrowd and Arboribus: Crowdlending platforms get funding
Financing through crowdlending platforms is growing in Spain and the rest of the world due to the advantages it offers. According to a worldwide corporate study of the sector published in 2015 by Massolution, crowdlending has grown by 233% with 11,080 million dollars raised in 2014. Moreover, crowdlending platforms are growing. Recently two Spanish crowdlending platforms: Ecrowd and Arboribus have received funding.
Towards a Spain based on technology-based companies
The improvement in the economic situation and the need to consolidate technology-based companies in our country have led to the emergence of initiatives to promote technology-based companies. At the end of July, the Neotec aid programme will be launched, which this year has a new feature in the form of a grant.
Litalsa, Erle Robotics and Histocell: Basque companies that have received rounds in the Basque Country
In May, several Basque companies from different sectors received funding. Erle Robotics, a drone company, received €200,000 from 6 business angels. Histocell, located in Zamudio, has received €2.5 M to launch its new product and Realza has bought Litalsa, a leading independent supplier in the packaging lithography market.
Ofertia and Tectronic: Divestments in the IT sector
According to the Ascri 2015 report, 2015 has seen a record number of divestments in Spain, partly due to the leading role played by international groups. In May, two Spanish funds: Finaves and Dinamia disinvested in companies in the ICT sector, giving entry to international groups.
Biotechnology grows and finds alternative forms of financing
According to Asebio, the number of healthcare biotechnology projects developed in Spain grew by 30% in 2015, compared to the same period in 2014. These projects need funding and many of them are turning to alternative financing. Crowdfunding, public aid and venture capital funds are helping to make Spain a biotech country.
New funds for ICTs, Bio and internalisation (May)
If the other day we talked about the new funds created in the energy sector, today it is the turn of other new funds such as ICT and bio. Cofides has also created a fund together with Oman SGRF to support Spanish companies with internationalisation plans in the Middle East and Oman.
Venture capital: Solution for industry. Carbures, Litalsa and composite plastics
In May, we have witnessed that venture capital is once again interested in the industry to help it grow and become strong abroad. Carbures has received funding from Black Toro, Realza has acquired a stake in Litalsa and Plásticos Compuestos has received funding from La Caixa and the ICF.
Tech startup funding rounds in June
In June 2015, more than 15 technology startups received funding. Among the most active sub-sectors this month are medical-related startups, which received 4 rounds, IOT and mobile apps.
Siroco capital Engie, and Fondico: New venture capital funds
As we saw in our post last week, venture capital is in a good moment in Spain. If in May we had already talked about the creation of new technology venture capital funds, now we have news that Fondi-ico, the fund of funds has opened its 5th call. We have also recently heard about the creation of new funds for the energy sector, such as Siroco Capital and Engie.