Tag: spain



Wallapop to distance itself from LetGo with new structure

Mobile marketplace competitors Wallapop and LetGo surprised the industry by joining forces in the U.S. in May 2016. Now, Wallapop is working towards a strategic split with its American partner, CEO Agustín Gómez told the paper El Espanol. The May merger created a new U.S. company wherein LetGo holds 55 percent of the shares and is in charge of management, and Wallapop holds the remaining 45...

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JobToday raises $20 million US

JobToday raises $20 million US

JobToday is one of the new mobile-only, blue-collar and casual labor recruitment platforms battling for market dominance in Spain. It just closed a $20-million U.S. investment round, raising funds from Accel Partners (a Facebook investor), Mangrove Capital Partners (which invested in Skype), and Channel 4’s (U.K.) Commercial Growth Fund. The round was led by venture capital firm Flint Capital. The app promises users “a new...

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The rumor swirls again: Wallapop is for sale

The rumor swirls again: Wallapop is for sale

Another report has emerged claiming that Wallapop, Spain’s top stuff app, is looking for a buyer. A report in El Confidencial newspaper named Schibsted and Naspers as potential buyers, and put a price tag of €370 million ($395 million U.S.) on the stuff app. The newspaper based its report on unnamed sources and “investors who know of the operation”. According to Wallapop CEO Agustin Gomez, the speculation...

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Vocento revenue migrates from print to digital

Vocento revenue migrates from print to digital

The share of total revenue generated by the online business of Vocento Media Group (VMG) in Spain rose again in Q3 of FY2016, according to the Q3 financial report released in Bilbao yesterday. In the first nine months of FY2016 total digital revenue contributed 31.3 percent of total revenue, up 3.5 percentage points from 27.8 percent in the first nine months of FY2015, VMG said....

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Classified experts co-start VC firm in Spain

Classified experts co-start VC firm in Spain

K Fund, a new Spanish venture capital firm, announced it has €50 million ($55 million U.S.) to invest in early-stage, Spanish technology start-ups. Among the partners of K Fund are Coches.com founder Iñaki Arrola and Ian Noel, formerly of Bonsai Venture Capital. ). Novobrief reported the fund is prepared to invest €100,000 to €2 million at seed and Series A stages. Successful companies may receive...

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