I am a VC at Armilar, covering B2B SaaS and Web 3 infrastructure. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments 2022 Supply of start-up financing had a strong contraction last year across the globe, and Iberia was no different   The environment for up to Series A companies inverted around Q2  Given the lag between starting to raise a round and the public announcement (and when I can report it), only now I have some data, though still li ..read more

I am a VC at Armilar, covering B2B SaaS and Web 3 infrastructure. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments 2022 This is my last newsletter in 2022 2022 was a crazy year… but I don’t think 2023 will be any easier, so I will try to enjoy the last few days of the year with my family! I will be back next year with a summary of what happened in 2022 in Portugal and Spain For now, I wish you all a great year! New laws Spain approved a new startup Law ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments A quick note on this newsletter frequency In the last few weeks, I took some time off, which completely messed up my writing (vacations can be intense with 3 kids…) As such, this newsletter is arriving in your mailbox some weeks later than I expected. I will try to catch up in the upcoming weeks and bundle July and August in the sa ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments The rise of Deep tech in Spain? Despite B2B startups representing ~60% of the rounds and money raised in Spain, there is a general understanding, particularly among international VCs, that the Spanish startup ecosystem is mostly a B2C market I guess the early success of Glovo and Cabify largely contributed to that But now that ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments What’s happening in Iberia If you look at investment data from the first 4 months of the year, it seems that 2022 is in line with 2021 FYI at Armilar, we recently published a report about the Portugal Startup Scene in 2021 But data has a lag between starting the fundraising process and the round being announced (~6months ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments I was late to write the March newsletter, so I decided to rebrand it to Q1 2022… So, what happened in Q1 2022? In the first quarter, I counted 181 rounds in Iberia, of which 159 were in Spain and 22 in Portugal. Versus Q4 and Q1 2021, rounds are down by -1% (183 rounds) and -18% (208 rounds). Breaking it down by geography In Spa ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments What’s happening 2021 was a record year Significant increase in investment amounts (>2x) and expansion of valuation multiples in Europe (2021 report by Pitchbook; Enterprise & Deep Tech VC in Europe & Israel 2021 by Angular Ventures), and even more in Iberia The increase in the supply of cash came mostly from ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments This month, I want to call your attention and contribution to an important initiative! Casafari created a group to help the Ukrainian Tech community find jobs in companies willing to sponsor them. You can find more details and contribute here For those that don’t know, Casafari is a Portuguese startup that employs a signific ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain/Fintech. In my free time, I write startup-related topics, including this newsletter. Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments 2021 in a nutshell 2021 ended with a record in terms of funding on both sides of Iberia €5.7Bn was invested in Iberia, of which ~€1.4Bn in Portugal and €4.3Bn in Spain December alone represented €1Bn (details below) According to Dealroom and Pitchbook, there were ~€100Bn invested in Europe, which means that Iberia represen ..read more

I am a VC at Armilar, covering Enterprise Software/B2B SaaS and Blockchain/Fintech. In my free time, I write startup-related topics, including this newsletter (Yes, I agree, I am boring!). Content, opinions, and typos are my own! Feedback is welcome. SUBSCRIBE HIGHLIGHTS resources Investments Opportunities exits End of Year Note This is my last newsletter this year. And what a year! On a personal side I did my last new investment as an Angel and invested in Apres.io together with Adara Ventures and Faber Ventures. Replai, one of my Angel portfolio companies, raised a new round led b ..read more