Glovo: 450 million euros

Glovothe home delivery platform led by Oscar Pierre and based in Barcelona, ​​announced a few days ago the closing of a €450 million Series F round led by New York-based investment managers Lugard Road Capital and Luxor Capital Group. With this sum, Glovo is not only the second national unicorn, but also the Spanish startup that has achieved the largest financing round to date.

To date, the delivery platform has delivered more than 190 million orders from different categories across the globe as mentioned on their website. And in 2020, in the wake of the pandemic, it saw a growth rate of more than 300 percent year-on-year.

The capital raised will allow Glovo to invest in expanding its services in the 20 markets in which it currently operates. The funds will also help the company focus on growing its newly launched Q-Commerce business, a key part of its strategic commitment to multi-category delivery in all of the markets it serves.

Likewise, and as Óscar Pierre noted in La Vanguardia, the new inflow of capital will allow the platform “to compete against Amazon with the ultra-fast delivery of products. We believe there is a great business opportunity to explore. We believe that in a few years, delivering groceries will be a minority activity at Glovo.”

Founder of Holded

Participation: €15 million

He was able to raise a Series B round of 15 million euros held last February. In this case, the round was led by Elaia along with Lakestar, Nauta Capital and Seedrocket.

With its ERP software (Enterprise Resource Planning), Holded has revolutionized digitization in medium-sized companies. With this new investment, Holded intends to expand the team by strengthening the technology and business units in order to further develop the product, improve the fintech services integrated into the platform and invest in the opening of new channels with which to access possible new ones can be accessed partner and continue to support small businesses that want to improve their business management with a tool specially designed for them. In addition, the team hopes to further consolidate its presence in Spain and announces its expansion into Europe.

“This new injection of capital comes at the best time for the company, it will allow us to hire more than 70 people in the coming months and open an office in Paris with which we hope to increase our reach and attract 120,000 new users .” , explained Javier Fondevila, Co-founder of Holded along with Bernat Ripoll. “The way organizations manage and interact with their data is set to change dramatically in the years to come, and at Holded we’re poised to lead that innovation.”

Sherpa AI: $8.5 million

sherpa.aithe leading artificial intelligence services company, announced in mid-March it had closed an $8.5 million round to accelerate its growth and the company’s landing in Europe and the rest of the world.

The potential of the new artificial intelligence platform that launched a few months ago, together with the agreements signed for the use of its AI services, encouraged the company’s investors such as Marcelo Gigliani (Managing Partner of Apax Digital) , Alex Cruz (Chairman of British Airways) and Mundi Ventures to raise their capital, but it has also attracted new ventures such as Ekarpen.

Last July, launched the world’s leading AI service platform, unveiled at the 2020 Keynote. Xabi Uribe-Etxebarria, Founder and CEO of, stated, “We are very pleased with the conclusion of this round and the acceptance our new AI platform is seeing in the market. There are many companies that have turned to us to reach an agreement and improve their services or results thanks to our technology. We are forging important alliances that will help us drive our international growth process.”

Founder of Rhythm

Tempo: 3 million from euros

rhythm, the capital-as-a-service company offering basic investments to digital entrepreneurs, has just closed its first round of funding led by Sabadell Venture Capital, Inveready and JME Ventures, valued at €3 million. With the entry of this capital, the company maintains a hybrid equity and venture debt structure in its funding, enabling it to meet its goal for this year of funding 15 million digital businesses with recurring or predictable revenues.

At the same time, Ritmo will use this injection to advance its artificial intelligence models and product development, as well as expansion into new markets. It should be noted that in the first five months, Ritmo has already made arrangements to finance more than five million euros, a workforce of 9 people and various financial and technological agreements that will allow it to scale its growth.

Ritmo analyzes the company’s data and the performance of its digital marketing campaigns to make its decisions using an artificial intelligence model. If the numbers and growth of the company are reasonable, Ritmo will advance up to €2 million, which the entrepreneurs will repay based on a small percentage of their future income, adjusting this return as the company progresses. Clients are primarily e-commerce and SaaS companies that use Ritmo as capital as a service, funding the points each company has due to their seasonality and new product launches. And the subscription businesses, platforms and mobile applications. In short, any digital business with predictable or recurring revenue. Ritmo currently has two products: Marketing Advance for eCommerce and MRR Lines for SaaS businesses.

Founder of Kubo

Kubbo: 1 million euros

The logistics startup for eCommerce kubbo closed a second round of investments of 1 million euros last February with the aim of accelerating its expansion in the Spanish market. To this end, THCAP (Telegraph Hill Capital), a Barcelona-based investment fund, has been authorized to lead the round, accompanied by Portuguese fund BYND, Lánzame Capital and investor and head of Mercado Libre operations in Mexico, Javier Dolcet .

With this capital increase, Kubbo also wants to advance the development of new functionalities for its logistics management software and expand its network of strategic partners at national and international level.

Founded in 2019 by entrepreneurs Eric Daniel Fernandez Y Victor Garcia PujolKubbo has positioned itself as one of the most innovative logistics companies in Spain. “We see that our technology and service has been very needed in the industry, and we see that in the wide adoption we’ve had from e-commerce brands and companies,” the Kubbo co-founders assert.