Revel raises over €120M, Titan OS $46M, and Openchip's funding round falls apart
Venture Map 31 firms1 outlet ShowHide
In this story 31
- AbacumStart-up
- Alpha Unmanned SystemsStart-up
- BIOMStart-up
- CabifyStart-up
- CopadoStart-up
- CrescentaStart-up
- IdealistaStart-up
- Indexa CapitalStart-up
- KabilioStart-up
- Mafer AIStart-up
- MaisaStart-up
- MomovenStart-up
- MurphyStart-up
- OpenchipStart-up
- RevelStart-up
- Titan OSStart-up
- VeridasStart-up
- Banco SantanderVC
- BankinterVC
- BBVAVC
- BBVA SparkVC
- BeAble CapitalVC
- BlackRockVC
- EQTVC
- KfundVC
- Mangrove Capital PartnersVC
- Picus CapitalVC
- Plus PartnersVC
- SeayaVC
- SETTVC
- Swanlaab Venture FactoryVC
Coverage 1
- Dealflow.esOriginal on Dealflow.es (opens in a new tab) 9 Nov
The story so far, in brief; the legwork, and the full article, stay with the original outlet.
Revel, the Madrid car subscription company that moved into Italy this year, closed a deal worth more than €120M, mixing debt and equity, with Openbank in the lead. Titan OS, which builds an operating system for smart TVs in Barcelona, raised $46M, also part equity and part debt, from investors including BlackRock, Highland and Mangrove. Kabilio, a Barcelona AI platform for advisory firms, raised €10M led by Picus Capital and Visionaries Club.
Openchip, the Barcelona RISC-V chip designer, had a week that went the other way. ACS put its talks on buying a 40-51% stake on hold, and Spain's SETT, which had planned €116M for roughly 16.5% of the company, withdrew and now wants private co-investors to take its place. That leaves nearly €100M in bank guarantees at risk, and without a new investor the company could become insolvent. Catalonia's Generalitat is the one backer still committed.
Elsewhere, Fourthline and Veridas completed their merger, Copado bought Valo.ai, and Seaya co-led an $80M Series C in Berlin's Pliant, the opening deal for its new €1B Nova fund, which has had a €600M first close.