Last Friday, the Connected Mobility Hub organised the 2019 Investor Event, where 20 mobility startups presented their projects to almost 100 local and international specialised investors.
Málaga hosted the Investor Event 2019 organised by Connected Mobility Hub, a day with almost a hundred of specialised investors, where 20 mobility startups from EU countries presented their projects.
The tickets of the investment funds were between 250K and 10M (ETF Partners, Swanlaab, Liil City,…), business angels with tickets between 10K and 150K (Julian Recuenco, Andreas Mihalovits, Ramon Compaño,…) and corporates with the Open Innovation or CVC areas (Renfe, CMC21, Everis Initiatives, Innoenergy, Amadeus…)
20 Mobility Startups
More than 70 startups applied to participate in the Investor Event and the Hub selected the best 20. Each startup had the opportunity to present their project to investors interested in the startups’ future. Also, there were more than 100 one to one meetings and, networking spaces that promoted “smart money”.
The selected startups were clasified in 4 sub-verticals according to their operations. Whithin the Logistics category the participants were: Mox, Tapnex, Travel AI, Navlandis, ChainGo, Homyhub, Revoolt and Carry App.
In the category of Shared & Electric Mobility there were: Idoneo, Journify, Iomob, Chargick and Place to plug. Also, the participants in Smart City & Sustainable Mobility were Parc, Let Me Park, Make my day and Ciclogreen.
Málaga: open for business
For this year, we have chosen Málaga for the event location not only because as an association our roots are in Andalucia, but also because the city is “open for business”, explains Tom Horsey, co-founder of the Connected Mobility Hub.
The Investor Event 2019 had a co-investment discussion, where Funding Box and Liil City presented their cases of sucessful co-investment, respectively. Also, a cocktail with investors and local/regional ecosystem players took place in the Museum of Málaga.
Investments in European Mobility Startups grow yearly
According to the promising data shown in the report “Seed the Future”, published by Tech.eu in collaboration with Stripe, investment in European startups in the last few years is in very good shape. This is also the case for Spain, which has been showing good levels of growth in the investment sector despite being at a distance from more attractive countries for investors like the United Kingdom, France, or Germany.
From 2015 to 2018, investment in technology companies in their initial phase has quadrupled, from approximately € 875 million invested in the first semester of 2015, to more than € 3,600 million in the first semester of 2018. Total financing of these enterprises increased by 36 percent from 2016 to 2017.
Data also shows that sectors with the most investment are “fintech” and “medtech”, generating over € 4,000 million in initial funds in the last three years. Meanwhile, investments in transport (mobility) rank fifth on the same list.
The amount of investment in European companies in the initial phase is higher than ever. However, while private investment in startups continues to grow, the reality is that many of them depend on government support at their earlier stages. Fortunately, the European Commission is one of the best startup investors in the world and continues to innovate to support new enterprises in the continent. Governments have tried to fill the gaps to create better conditions for the growth of these companies, although startups are also fundraising through other channels, like crowd investing, venture debt, tokenisation/ICOs as well as the more traditional capital rounds.
Nevertheless, against all this growth, is the threat of Brexit and, together with it, the separation from the strongest technological center of Europe and the European ecosystem, which generates strong technical talent, investment, and experience.
The fact that the value of these investments have quadrupled in just three years, means the birth of a new generation of worldwide competitive technology companies, led by France, Germany, Switzerland and Spain.