2021 EDITION

Spanish Ecosystem Insights

Access all of Spain’s startup funding rounds for free: the name of the startups, the investors and many other relevant data.

Find the right investor for your company: look at the type of deals they tend to make, the kind of companies they invest in and if they’re currently active or not.

Find all international VCs that invest in Spain: a list of all international VCs that spend time in Spain and are active in the country.

Potential customers: by filtering per category and business model, you can find potential customers or users of your product.

Insights is also useful to see that the Spanish startup ecosystem is very much alive and growing quite fast. If you believe some of the data is wrong, get in touch.

Investment activity through the years

2021 broke all previous records for VC and startup activity in Spain, with more than €5B in funding across 350+ investments.

Investments per stage and deal size

Pre-seed and seed activity continue to grow consistently. But more importantly, the number of scale-ups has grown significantly, as visible by Series A/B activity, as well as in growth rounds (+€50m)

Geo distribution

Barcelona and Madrid account for 80% of all funding activity in Spain. We’re also seeing a lot of activity in other areas such as Valencia, Malaga and Galicia.

Investments per stage and deal size

Pre-seed and seed activity continue to grow consistently. But more importantly, the number of scale-ups has grown significantly, as visible by Series A/B activity, as well as in growth rounds (+€50m), which shows the maturation of the local ecosystem.

Geo distribution

Madrid surpassed Barcelona in terms of total investment volume, thanks to late stage activity from companies such as Jobandtalent (almost €1B raised), Clikalia and Capchase.

What's notable here is that the gap between Barcelona and Madrid is narrowing. Valencia has also consolidated itself as the third main city in Spain.

Investment activity by sector

Unsurprisingly, HR (Jobandtalent, Factorial) and logistics (Glovo) were the two main sectors of activity. It's also notable the rise of health and dev tools as industries receiving increasing investor attention.

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