©Shutterstock

©Shutterstock

Startups like Glovo and Spotahome topped fundings raised in 2018 despite local regulatory risks, as Spanish tech firms conquer overseas markets

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Startups in Spain’s sharing and gig economies have been increasingly embroiled in regulatory tugs-of-war. This has so far culminated in a new law in Barcelona this February, aimed to severely cap the operations of on-demand ride-hailing services in the second-largest Spanish city. A month later another new law, this time in the capital of Madrid, has targeted the booming holiday rentals sector.
After protracted demonstrations by licensed taxi drivers demanding curbs on ride-hailing services, locally known as VTCs, Barcelona authorities have ensured that these on-demand transport apps...

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