📅 Last Updated: February 11, 2026 | New Spain startups added weekly
Looking for recently funded Spain startups? You’re in the right place. Spain startups have experienced remarkable growth, with the nation’s tech sector now valued at over €40 billion. Spain startups raised a record €3.2 billion in 2024, solidifying the country’s position as Southern Europe’s innovation leader.
Our team tracks Spain startup funding announcements every week, maintaining the most comprehensive database of verified contacts, funding details, and company intelligence. Below, you’ll find 100 recently funded Spain startups with actionable data you can use today.
👉 Jump to the List of 100 Funded Spain Startups
Quick Stats: Spain Startup Funding in 2025
- 📍 Major hubs: Madrid, Barcelona, Valencia, Bilbao
- 💰 Total funding 2024: €3.2 billion across 420+ deals
- 🏢 Spain Startups tracked: 1,006 companies in our database
- 📈 Growth rate: 45% increase year-over-year
- 🎯 Top sectors: FinTech (32%), AI (26%), HealthTech (19%)
Table of Contents
Why Spain Startups Lead Southern Europe
Spain startups have rapidly emerged as leaders in Southern Europe’s most dynamic tech ecosystem. The nation’s tech sector now employs over 115,000 people and contributes more than €20 billion annually to the Spanish economy. Several factors drive momentum for Spain startups:
- Strategic Geographic Position: Spain startups serve as a bridge between European and Latin American markets, offering unique access to Spanish-speaking regions and the EU single market
- Strong Government Support: Programs like ENISA financing, NEOTEC grants, and the €4 billion Next Generation EU recovery plan actively support innovation for Spain startups
- World-Class Talent: Spanish universities rank among Europe’s top institutions for engineering and computer science, with IE University, UPC Barcelona, and Universidad Politécnica de Madrid producing thousands of tech graduates who fuel Spain startups annually
- Growing International Investment: International VCs including Atomico, Index Ventures, and Tiger Global have opened Spanish offices, bringing global capital and expertise to Spain startups
- Robust Infrastructure: High-speed internet coverage reaches 95% of the population, with Madrid and Barcelona offering world-class coworking spaces, accelerators, and startup support organizations
According to the Spain Tech Ecosystem Report 2024, the sector is projected to reach €60 billion in value by 2030, reinforcing the position of Spain startups as European innovation powerhouses.
Recently Funded Startups in Spain
Below is our curated database of the 100 most recently funded Spanish startups. This data is updated weekly and sourced from Crunchbase, Spanish venture capital reports, CNMV filings, and direct company announcements from Spain startups.
| Name | Website | Industry | Country | Funding Amount (USD) | Funding Type | Last Funding Date |
|---|---|---|---|---|---|---|
| AIRE Ancient Baths | beaire.com | Wellness, Hospitality | Spain | Private Equity | February 2026 | |
| STAMP | askforstamp.com | Travel, Finance, B2B Software, FinTech | Spain | $4,743,642 | Seed | February 2026 |
| Opportunity Health | opportunityhealth.life | Healthcare, Consumer Goods, Hardware | Spain | $397,793 | Seed | February 2026 |
| TetraxAI | tetrax.ai | Energy, Artificial Intelligence, Analytics, B2B Software, Environment | Spain | $1,437,980 | Pre-Seed | February 2026 |
| BigGuardian | bigguardian.com | Agriculture, B2B Software, Biotechnology | Spain | $1,786,497 | Seed | February 2026 |
| NovaHiring | novahiring.com | Recruiting, Analytics, Artificial Intelligence, B2B Software | Spain | $415,504 | Pre-Seed | February 2026 |
| NovaHiring | novahiring.com | Recruiting, Analytics, Artificial Intelligence, B2B Software | Spain | $415,504 | Pre-Seed | February 2026 |
| Biorce | biorce.com | Healthcare, Artificial Intelligence, B2B Software | Spain | $51,987,082 | Series A | February 2026 |
| Valeria HR | itsvaleria.co | Human Resources, Artificial Intelligence, B2B Software | Spain | $2,000,000 | Seed | February 2026 |
| Orikine Bio | orikine.bio | Biotechnology, Pharmaceuticals | Spain | $3,199,473 | Seed | February 2026 |
| Kings League | kingsleague.pro | Sports, Entertainment, Media | Spain | $63,000,000 | Venture - Series Unknown | February 2026 |
| InCom Group | incomgroup.es | Manufacturing, Energy, Materials, Mechanical Engineering | Spain | Private Equity | February 2026 | |
| Biotasmart | biotasmart.com | Biotechnology, Consumer Goods, Healthcare | Spain | $590,735 | Pre-Seed | February 2026 |
| Dost | dost.io | Accounting, Finance, Artificial Intelligence, B2B Software, Cloud Computing, Data, FinTech | Spain | Venture - Series Unknown | February 2026 | |
| WtEnergy | wte-as.com | Energy, Environment, Mechanical Engineering, Professional Services | Spain | $11,860,820 | Venture - Series Unknown | February 2026 |
| Onalabs Inno-hub | onalabs.com | Healthcare, Data, Hardware, Wearables | Spain | Series A | February 2026 | |
| myGolf | mygolf.es | Sports, B2C Software, Mobile, Social Network | Spain | $438,199 | Seed | February 2026 |
| OPTIMITIVE | optimitive.com | Artificial Intelligence, Analytics, B2B Software, Chemicals, Energy, Manufacturing | Spain | $5,920,852 | Series A | February 2026 |
| Pharmacelera | pharmacelera.com | Biotechnology, Artificial Intelligence, B2B Software, Pharmaceuticals | Spain | $7,105,923 | Venture - Series Unknown | February 2026 |
| Mettis AI | mettis.ai | Automotive, Analytics, Artificial Intelligence, B2B Software, Education | Spain | $1,302,753 | Seed | February 2026 |
| Tucuvi | tucuvi.com | Healthcare, Artificial Intelligence, B2B Software | Spain | $20,000,000 | Series A | January 2026 |
| Swipet | swipet.es | Insurance, Pets | Spain | $467,392 | Pre-Seed | January 2026 |
| RepScan | repscan.com | B2B Software, Legal, Marketing, Professional Services | Spain | $4,078,161 | Venture - Series Unknown | January 2026 |
| Trend0x | trend0x.com | Blockchain, Artificial Intelligence, B2B Software, Finance, Investing | Spain | Seed | January 2026 | |
| Zepo | zepo.ai | Cyber Security, Artificial Intelligence, B2B Software | Spain | $15,000,000 | Seed | January 2026 |
| Fracttal | fracttal.com | B2B Software, Analytics, Cloud Computing, Data, Information Technology, Mobile | Spain | $35,000,000 | Venture - Series Unknown | January 2026 |
| Taalentfy | taalentfy.com | Recruiting, B2B Software, Human Resources | Spain | $1,743,892 | Venture - Series Unknown | January 2026 |
| Multiplo Capital | multiplocapital.com | FinTech, Finance, Investing | Spain | $1,106,621 | Pre-Seed | January 2026 |
| Oriva Therapeutics | orivatherapeutics.com | Biotechnology, Pharmaceuticals | Spain | Pre-Seed | January 2026 | |
| Universal Diagnostics | universaldx.com | Biotechnology, Healthcare | Spain | $34,945,933 | Venture - Series Unknown | January 2026 |
| Adcities | adcities.com | Advertising, Marketing, Analytics, B2B Software, Data | Spain | $3,483,030 | Seed | December 2025 |
| Titan Operating System | titanos.tv | Advertising, Marketing, B2C Software, Media | Spain | $58,077,675 | Series A | December 2025 |
| Cropi | cropi.es | Agriculture, Analytics, B2B Software | Spain | $488,042 | Seed | December 2025 |
| Garage Beer | garagebeer.co | Alcohol, Food and Beverage, Hospitality, Retail | Spain | $291,172 | Equity Crowdfunding | December 2025 |
| RavenPack | ravenpack.com | Analytics, Artificial Intelligence, B2B Software, Data, Finance | Spain | Venture - Series Unknown | December 2025 | |
| Algori | algori.ai | Analytics, B2B Software, Data | Spain | $4,192,486 | Venture - Series Unknown | December 2025 |
| Alinia AI | alinia.ai | Artificial Intelligence, B2B Software, Cloud Computing, Cyber Security | Spain | $7,500,000 | Seed | December 2025 |
| Kimera Technologies | kimeratechnologies.com | Artificial Intelligence, B2B Software, Data, E-commerce | Spain | $2,346,682 | Seed | December 2025 |
| DeepWorq AI | deepworq.com | Artificial Intelligence, B2B Software, Environment | Spain | Pre-Seed | December 2025 | |
| Ramensoft | ramensoft.net | B2B Software, Analytics, Cloud Computing, Data, Information Technology | Spain | $470,655 | Seed | December 2025 |
| Stowlog | stowlog.com | B2B Software, Cloud Computing, Logistics, Security | Spain | $1,177,870 | Seed | December 2025 |
| Banbu | banbu.es | Beauty, Consumer Goods, E-commerce, Environment | Spain | Seed | December 2025 | |
| Polimerbio | polimerbio.com | Biotechnology, Consumer Goods, Healthcare, Manufacturing, Materials | Spain | $529,096 | Venture - Series Unknown | December 2025 |
| Tetraneuron | tetraneuron.com | Biotechnology, Healthcare, Pharmaceuticals | Spain | Venture - Series Unknown | December 2025 | |
| Zynap | zynap.com | Cyber Security, Artificial Intelligence, B2B Software, Cloud Computing | Spain | $6,975,941 | Seed | December 2025 |
| VigSec-Drone | vigsecdrone.com | Drones,Hardware,Security | Spain | $1,170,364 | Venture - Series Unknown | December 2025 |
| Eltex | eltex.es | Energy, Automotive, EV, Environment, Hardware | Spain | $2,116,382 | Seed | December 2025 |
| BattBelt | battbelt.es | Energy, Electronics, Hardware, Manufacturing, Materials | Spain | $731,779 | Pre-Seed | December 2025 |
| Manglai | manglai.io | Environment, B2B Software, Analytics | Spain | $1,161,554 | Seed | December 2025 |
| Platform Flinket | plataformaflinket.es | FinTech, Finance, B2B Software, Cloud Computing, Insurance | Spain | Seed | December 2025 | |
| denarius | denarius.es | FinTech, Finance, Insurance, Investing | Spain | $13,043,291 | Series A | December 2025 |
| Heuristik | heuristik.tech | Healthcare, Artificial Intelligence, B2B Software, Cloud Computing, Data | Spain | $2,464,017 | Pre-Seed | December 2025 |
| Paraty Tech | paratytech.com | Hospitality, Information Technology, Marketing, Professional Services | Spain | Private Equity | December 2025 | |
| Pack | thepack.tech | Human Resources,Analytics,Artificial Intelligence,B2B Software,Education | Spain | $6,734,609 | Series A | December 2025 |
| bound4blue | bound4blue.com | Marine, Energy, Environment, Hardware, Manufacturing, Mechanical Engineering, Transportation | Spain | $44,000,000 | Venture - Series Unknown | December 2025 |
| ScrapAd | scrapad.com | Marketplace, Environment, Materials | Spain | $6,966,060 | Series A | December 2025 |
| Go—PopUp | gopopup.com | Marketplace, Hospitality, Marketing, Real Estate, Retail | Spain | $348,797 | Venture - Series Unknown | December 2025 |
| Playtomic | playtomic.io | Sports, B2C Software, Marketplace, Social Network | Spain | $6,000,854 | Equity Crowdfunding | December 2025 |
| ViaConecta | viaconecta.co | Travel, Mobile, Telecommunications | Spain | $50,000 | Pre-Seed | December 2025 |
| Kabilio | kabilio.es | Accounting, Finance, Artificial Intelligence | Spain | $4,366,622 | Pre-Seed | November 2025 |
| ClikBy | clik.by | Advertising, Marketing, Artificial Intelligence, Analytics | Spain | Pre-Seed | November 2025 | |
| Dost | mydost.ai | Artificial Intelligence, Accounting, Finance, B2B Software | Spain | $7,882,260 | Series A | November 2025 |
| Uxia | uxia.app | Artificial Intelligence, B2B Software, Analytics | Spain | $1,160,580 | Pre-Seed | November 2025 |
| Totalum | totalum.app | Artificial Intelligence,B2B Software,Cloud Computing | Spain | Seed | November 2025 | |
| Anyformat | anyformat.ai | B2B Software, Artificial Intelligence, Cloud Computing, Data | Spain | $3,829,915 | Seed | November 2025 |
| Adaptam Therapeutics | adaptamtx.com | Biotechnology, Healthcare, Pharmaceuticals | Spain | $3,489,248 | Pre-Seed | November 2025 |
| Miramoon Pharma | miramoonpharma.com | Biotechnology, Pharmaceuticals | Spain | Seed | November 2025 | |
| IDEADED | ideaded.com | Electronics, Hardware | Spain | $11,009,094 | Venture - Series Unknown | November 2025 |
| Semi Zabala | semizabala.com | Electronics, Manufacturing | Spain | Venture - Series Unknown | November 2025 | |
| Devengo | devengo.com | FinTech, Finance, B2B Software | Spain | $2,295,529 | Seed | November 2025 |
| Qida | qida.es | Healthcare, Community | Spain | $42,650,215 | Venture - Series Unknown | November 2025 |
| Hair Up Laser | hairuplaser.com | Healthcare, Consumer Goods, Beauty | Spain | $1,014,747 | Seed | November 2025 |
| The Blue Box Biomedical Solutions | thebluebox.ai | Healthcare, Manufacturing | Spain | $3,480,093 | Seed | November 2025 |
| Amenitiz | amenitiz.com | Hospitality, B2B Software, Marketing | Spain | $45,000,000 | Series B | November 2025 |
| Tennders | tennders.com | Logistics, Artificial Intelligence | Spain | $115,566 | Venture - Series Unknown | November 2025 |
| Coleo | coleo.es | Manufacturing, Environment, Fashion | Spain | Venture - Series Unknown | November 2025 | |
| Rebel Tickets | rebeltickets.es | Marketplace, Entertainment | Spain | $577,019 | Pre-Seed | November 2025 |
| Voltrac | voltrac.eu | Robotics, Agriculture, Automotive, Logistics | Spain | $8,120,216 | Seed | November 2025 |
| CeleBreak | celebreak.com | Sports | Spain | $116,307 | Venture - Series Unknown | November 2025 |
| Omnia | useomnia.com | Advertising, Marketing, Artificial Intelligence | Spain | $4,081,290 | Pre-Seed | October 2025 |
| Afori | afori.com | Artificial Intelligence, B2B Software | Spain | $4,632,182 | Pre-Seed | October 2025 |
| Bookline | bookline.ai | Artificial Intelligence, Hospitality | Spain | $4,110,215 | Series A | October 2025 |
| Wecaria | wecaria.com | Automotive, Artificial Intelligence, Data, Marketing, B2B Software | Spain | Seed | October 2025 | |
| Virtest Technologies | virtest.eu | Biotechnology, Healthcare, Artificial Intelligence | Spain | $927,735 | Seed | October 2025 |
| Ona Therapeutics | ona-therapeutics.com | Biotechnology, Healthcare, Pharmaceuticals | Spain | $11,563,461 | Venture - Series Unknown | October 2025 |
| Nanoligent | nanoligent.com | Biotechnology, Nanotechnology, Pharmaceuticals, Healthcare | Spain | $14,058,304 | Venture - Series Unknown | October 2025 |
| 011h | 011h.com | Construction, Real Estate, B2B Software, Environment | Spain | $6,376,622 | Venture - Series Unknown | October 2025 |
| AcoruAI | acoru.com | Cyber Security, Artificial Intelligence, Finance | Spain | $11,632,628 | Series A | October 2025 |
| FuVeX | fuvex.com | Drones, Aerospace | Spain | $1,984,567 | Series A | October 2025 |
| Reveni | reveni.io | E-commerce, FinTech, Finance | Spain | $8,793,827 | Series A | October 2025 |
| Clevergy | clever.gy | Energy, Analytics, B2B Software | Spain | $3,748,881 | Seed | October 2025 |
| HySun | h2hysun.com | Energy, Environment | Spain | $3,519,107 | Seed | October 2025 |
| SCUFF | scuff.cat | Entertainment, Marketing, Artificial Intelligence, Social Network, Software | Spain | Pre-Seed | October 2025 | |
| Docline | docline.com | Healthcare | Spain | $5,347,774 | Venture - Series Unknown | October 2025 |
| SquarePoint | squarepoint.es | Human Resources, Professional Services, B2B Software | Spain | Venture - Series Unknown | October 2025 | |
| Kibus Petcare | kibuspetcare.com | Pets, Food and Beverage | Spain | $579,836 | Venture - Series Unknown | October 2025 |
| Inmopad | inmopad.com | Real Estate | Spain | Pre-Seed | October 2025 | |
| NOX Sports | noxsport.es | Sports, Consumer Goods, Retail | Spain | Private Equity | October 2025 | |
| LuxQuanta | luxquanta.com | Telecommunications,Cyber Security,Quantum Computing | Spain | $9,300,476 | Series A | October 2025 |
| Kreios Space | kreiosspace.com | Aerospace | Spain | $9,485,832 | Seed | September 2025 |
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Spain Startups at a Glance
- Number of Spain startups in our database: 1,013
- Number of verified email addresses in our database: 1,289
- Number of social profiles in our database: 2,458
- Other data points stored: 14,487
- Total funding raised in 2025: $2,214,465,934
- Total funding raised in 2026: $39,545,553
*Other funding includes private equity, debt financing, and various other types of capital.
| Industry | % of Total Funding | Notable Rounds |
|---|---|---|
| FinTech | 32% | €1.0B+ total |
| Artificial Intelligence | 26% | €830M total |
| HealthTech | 19% | €610M total |
| E-commerce & Retail | 12% | €380M total |
| Other | 11% | Various stages |
Top Industries for Spain Startups
FinTech Leadership
Spain startups have established the country as Southern Europe’s FinTech powerhouse, with Madrid and Barcelona ranking among Europe’s top 15 FinTech hubs. FinTech startups in Spain raised over €1 billion in 2024, representing 32% of all startup funding. The sector benefits from strong regulatory support through the Spanish National Securities Market Commission (CNMV) sandbox and proximity to Latin American financial markets.
Major success stories among Spain startups include Flywire (cross-border payments, Nasdaq-listed), Wallbox (EV charging infrastructure, NYSE-listed), and Cobee (flexible benefits platform, valued at €200 million). The ecosystem continues to produce innovative companies in payments, lending, insurtech, and blockchain technology. The sector now employs over 12,000 people across 400+ fintech companies in Spain.
Artificial Intelligence & Machine Learning
AI startups in Spain captured €830 million in funding during 2024, with particular strength in applied AI for healthcare, manufacturing, and customer service. Spain startups in the AI sector benefit from world-class research institutions including the Barcelona Supercomputing Center and Madrid’s AI research centers.
The sector has produced notable Spain startups like Sherpa.ai (conversational AI), Clarity AI (sustainability analytics, valued at $500 million), and BigOnion (AI-powered customer service). The Spanish government’s National AI Strategy 2023-2026 with €600 million in funding demonstrates strong policy support for continued growth among Spain startups in this sector.
HealthTech & Digital Health
HealthTech startups in Spain raised €610 million in 2024, driven by a strong public healthcare system and aging population creating demand for innovative solutions. The sector includes telemedicine platforms, medical devices, digital therapeutics, and health data analytics companies.
Success stories among Spain startups include Doctoralia (healthcare marketplace, acquired by DocPlanner), Bionure (neurodegenerative disease treatments), and Tucuvi (AI healthcare assistant that raised $20 million in January 2026). Spain’s universal healthcare system provides both a testing ground for innovations and clear pathways to market adoption for Spain startups.
E-commerce & Digital Retail
Spanish e-commerce startups raised €380 million in 2024, leveraging the country’s strong consumer market and cross-border access to Latin America. E-commerce startups in Spain span fashion, grocery delivery, marketplace platforms, and D2C brands.
Notable Spain startups include Glovo (quick commerce, valued at €2.5 billion), Wallapop (second-hand marketplace), and Hawkers (eyewear brand). The sector benefits from high smartphone penetration (over 90%) and growing digital payment adoption across all age groups in Spain.
Explore More Funded Startups by Industry
Looking for startups in other sectors? Check out our comprehensive lists:
- B2B SaaS Startups – Software companies serving business customers
- CleanTech Startups – Clean energy and sustainability innovators
- Travel Tech Startups – Tourism and hospitality technology
- FoodTech Startups – Food and beverage innovation
- PropTech Startups – Real estate technology
- Recently Funded Startups – Latest funding announcements across all industries
Spain Startup Hubs: City-by-City Breakdown
Madrid: Spain’s Startup Capital
Madrid dominates the Spanish startup landscape, accounting for approximately 48% of all venture capital investment. The city’s advantages include central location connecting all of Spain, the largest concentration of corporate headquarters for pilot programs and B2B sales, deep talent pool from universities like Universidad Politécnica de Madrid and Universidad Carlos III, and the highest concentration of venture capital firms in the country.
Key Madrid startup districts include the Cuatro Torres business district, IE Tower innovation hub, and the Tech Madrid precinct near Chamartín. Major companies headquartered in Madrid include Cabify (ride-hailing, valued at €1.4 billion), Jobandtalent (workforce management, valued at €2.4 billion), and Glovo (quick commerce, valued at €2.5 billion).
Barcelona: Creative Tech & Innovation Hub
Barcelona has emerged as Spain’s second-largest startup ecosystem and Southern Europe’s leading creative tech hub, known for its strength in gaming, design-focused products, and SaaS companies. The city raised approximately €1.2 billion across 180+ deals in 2024, representing 38% of national startup funding.
Barcelona’s advantages include lower cost of living compared to Madrid, vibrant international community attracting global talent, world-class universities (UPC, ESADE), and strong support from Mobile World Congress ecosystem. Notable Barcelona startups include Typeform (online forms, valued at €935 million), TravelPerk (business travel platform, valued at €1.3 billion), and Wallapop (secondhand marketplace).
Valencia: Emerging Innovation Center
Valencia’s startup ecosystem has experienced rapid growth, with funding increasing 85% between 2023 and 2024. The city is establishing itself as a center for logistics technology, agricultural innovation, and tourism tech, leveraging Valencia’s port infrastructure and Mediterranean location.
The Valencia Digital Summit and programs like VLC Tech City have accelerated ecosystem development. Notable Valencia startups include Zeleros (hyperloop technology), Flip (luxury resale platform), and Internxt (decentralized cloud storage). The city offers 40% lower operating costs than Madrid or Barcelona while maintaining strong talent pipelines.
Bilbao & San Sebastián: Industrial Tech Hub
The Basque Country has emerged as Spain’s industrial technology hub, focusing on manufacturing innovation, industrial IoT, and cleantech solutions. The region raised €240 million in 2024, with strong support from established industrial companies.
Notable companies include Sherpa.ai (conversational AI), SavedroidTech (retail automation), and multiple energy technology firms. The Basque government’s €150 million industry 4.0 program supports technology commercialization and helps traditional manufacturers adopt startup innovations.
Spanish Startup Funding Trends
Series A Momentum
Spanish startups raised significant Series A funding in 2024, with rounds ranging from €5 million to €35 million. The median Series A size increased to €12 million, up from €8 million in 2023, reflecting investor confidence in proven business models.
Notable Series A rounds include:
- Tucuvi: $20 million for AI healthcare assistant platform
- Bookline: $4.1 million for hospitality AI solutions
- AcoruAI: $11.6 million for cybersecurity and financial AI
This trend indicates Spain startups are successfully navigating the growth stages, with investors backing companies demonstrating clear product-market fit and revenue traction. Many Series A rounds now include international investors alongside Spanish VCs.
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Late-Stage Growth Capital
Late-stage funding (Series B and Series C) in Spain totaled €580 million in 2024. While smaller than early-stage investment, this represents healthy ecosystem maturation with companies scaling successfully.
Major late-stage rounds included:
- Amenitiz: $45 million Series B for hotel management software
- ARTHEx Biotech: $40.6 million Series B for biotechnology development
- denarius: €13 million Series A for insurtech and financial services
International investors are increasingly participating in Spanish late-stage rounds, particularly US-based growth equity firms recognizing Spain’s ability to produce globally competitive companies with strong unit economics and Latin American expansion potential.
Government Support & Incentives
The Spanish government provides substantial support for startups through multiple programs:
- ENISA Loans: Offers participative loans from €25,000 to €1.5 million with flexible repayment terms, supporting over 1,000 startups annually
- NEOTEC Program: Provides grants up to €250,000 for technology-based new companies in their first two years
- Next Generation EU Recovery Plan: €4 billion allocated for digital transformation and innovation support through 2026
- R&D Tax Credits: Companies can deduct up to 42% of R&D expenditure from corporate tax, with additional incentives for hiring researchers
- Startup Law (Ley de Startups): New 2023 legislation offering tax benefits, simplified incorporation, and stock option advantages for employees
Regional governments also provide targeted support, with Madrid’s €100 million innovation fund, Catalonia’s ACCIÓ startup programs, and Basque government’s €150 million industry 4.0 initiative.
2025 Spain Startups Innovation Trends
The Spanish startup landscape in 2025 is being reshaped by several transformative technologies and business models:
AI-First Business Models: Over 260 Spanish startups are now building AI-native solutions, with particular strength in customer service automation, healthcare AI, and manufacturing optimization. These companies leverage Spain’s unique datasets, especially in healthcare and tourism, to create globally competitive solutions.
Climate Tech & Renewable Energy: With abundant solar resources and strong government climate commitments, Spanish climate tech startups are attracting international investors. Companies focused on solar technology, green hydrogen, and sustainable tourism are seeing significant funding growth. Spain’s goal to reach 100% renewable electricity by 2030 creates massive opportunities.
HealthTech Integration: Digital health solutions are moving beyond telemedicine to comprehensive chronic disease management, aging care technology, and AI-powered diagnostics. Spanish startups benefit from partnerships with the national health system (SNS), enabling real-world validation and faster adoption.
Latin American Market Access: Spanish startups are increasingly treating Spain as a launchpad before expanding into Latin American markets. The shared language and cultural ties provide unique advantages, with companies establishing operations in Mexico, Colombia, Chile, and Argentina after proving models in Spain.
2025 Market Insights
- 45% increase in total venture capital investment year-over-year
- Average seed round size: €1.8 million (up from €1.2 million in 2023)
- 38% of funded startups now have international founders or co-founders
- Female-founded startups raised 16% of total capital (up from 11% in 2023)
- Valencia emerged as fastest-growing startup hub (85% funding increase)
- Spain startups raised $300 million from Latin American investors
How Spain Compares to Global Startup Ecosystems
Spain vs. France
While France raised more total capital (€6.8 billion vs. Spain’s €3.2 billion in 2024), Spain demonstrates competitive performance in specific verticals like tourism tech and demonstrates stronger connections to Latin American markets. France excels in deeptech and has more mature late-stage capital availability.
Spain’s advantages include lower operational costs (35-40% less than Paris), strong English-language adoption among tech workers, and unique access to 500+ million Spanish speakers globally. French startups benefit from larger domestic market (67M vs 48M population), Station F ecosystem, and deeper pools of growth capital. Many successful Spanish founders establish French entities when targeting broader European expansion.
Spain vs. Germany
Germany’s startup ecosystem raised €8.4 billion in 2024, approximately 2.6x Spain’s total. However, Spain shows particular strength in consumer-facing technologies and benefits from more favorable climate for risk-taking and entrepreneurship.
German advantages include largest domestic market in Europe, deep industrial relationships enabling B2B innovation, and stronger late-stage capital availability. Spain’s competitive edges include faster decision-making culture, better work-life balance attracting international talent, and superior access to Latin American markets. Madrid and Barcelona offer 30-40% lower operating costs than Berlin or Munich.
Spain vs. Major Startup Hubs: By The Numbers
| Country/City | 2024 Funding | Ecosystem Rank | Unicorns | Top Industry |
|---|---|---|---|---|
| Spain | €3.2B | #9 EU | 15 | FinTech |
| France | €6.8B | #6 EU | 29 | DeepTech |
| Germany | €8.4B | #4 EU | 32 | Enterprise |
| UK | £10.8B (€12.7B) | #1 EU | 144 | FinTech |
| Netherlands | €4.1B | #8 EU | 21 | FinTech |
The Spanish Startup Support System
Key Accelerators & Incubators
Spain’s accelerator ecosystem provides critical early-stage support:
- Wayra: Telefónica’s accelerator, has backed over 700 startups globally with strong presence in Spain. Provides up to €50K investment plus corporate partnership opportunities.
- Lanzadera: Juan Roig-backed accelerator in Valencia supporting consumer-facing startups with €1 million investment capacity and retail expertise.
- Ship2B: Barcelona-based impact accelerator focusing on social and environmental ventures, providing €50-100K investment.
- SeedRocket: Barcelona accelerator specializing in SaaS and digital businesses with strong mentor network.
- UnLtd Spain: Supports social entrepreneurs across Spain with funding, mentorship, and scaling support.
Venture Capital Landscape
Spain’s VC ecosystem has matured significantly, with over 150 active venture capital firms managing approximately €4 billion in assets under management. Key investors include:
Early Stage:
- Kfund – Leading early-stage investor backing 150+ Spanish startups
- Seaya Ventures – Focus on technology enabling sustainable development
- JME Ventures – Seed and Series A specialist
Late Stage:
- Nauta Capital – Cross-border technology investor
- Sabadell Ventures – Bank-backed growth investor
- Caixa Capital Risc – CaixaBank’s venture capital arm
International investors including Atomico (London), Index Ventures (Geneva), Tiger Global (New York), and Accel (Palo Alto) are increasingly active in Spanish rounds, validating the ecosystem’s global competitiveness.
Talent & Education Pipeline
Spain’s education system produces over 35,000 STEM graduates annually from top-ranked universities:
- Universidad Politécnica de Madrid: Leading engineering and computer science programs
- UPC Barcelona: Excellence in telecommunications and software engineering
- IE University: Top-ranked business school with strong entrepreneurship focus
- ESADE: Premier business school producing startup founders and operators
Spain’s skilled immigration programs have improved significantly, with the new Startup Law enabling digital nomad visas and simplified hiring of international talent. Major tech companies including Google, Amazon, and Microsoft maintain significant Spanish operations in Madrid and Barcelona, creating pools of experienced talent that often transition into startup roles.
How to Use This Spanish Startup Database
This database is updated weekly and designed for multiple use cases:
For Sales & Business Development Teams: Contact startups within 30 days of funding announcements when budgets are freshest. Our verified email addresses reach decision-makers directly, and we track funding amounts so you can prioritize high-value prospects. Learn how to sell to recently funded startups.
For Investors & VCs: Track emerging trends, identify co-investment opportunities, monitor portfolio companies’ competitors, and discover high-potential companies at various stages. Our data includes funding history, investor details, and growth indicators.
For Job Seekers: Recently funded companies are actively hiring across all functions. Use funding announcements to time your applications when startups are expanding teams. Our database includes LinkedIn profiles and social links for direct outreach.
For Service Providers: Target startups needing legal, accounting, HR, marketing, or technology services post-funding. Companies that just raised capital are actively seeking vendors to support their growth. Spanish startups commonly need help with international expansion, particularly into Latin American markets.
For Market Research: Source breaking stories, track Spanish innovation trends, analyze funding patterns across industries and regions, and monitor the convergence of Spanish and Latin American tech ecosystems. Our data provides comprehensive insights into Southern Europe’s leading startup hub.
Ready to Connect with Spain Startups?
Growth List subscribers receive weekly updates of newly funded Spain startups with double-verified email addresses, funding amounts, investor details, and LinkedIn profiles. Sign up and get 100 free leads to test the quality of our data.
Need something more specific? Our custom list service can build targeted lists of Spain startups filtered by:
- Specific cities (Madrid, Barcelona, Valencia, Bilbao, Seville)
- Industries (FinTech, AI, HealthTech, E-commerce, TravelTech)
- Funding stages (Seed, Series A, Series B, Series C)
- Funding amount ranges
- Company size or employee count
- Latin American expansion plans
- Specific technologies or keywords
Frequently Asked Questions About Spain Startups
What makes Spain’s startup ecosystem unique?
Spain’s startup ecosystem benefits from several unique advantages: strategic position bridging European and Latin American markets with 500+ million Spanish speakers globally, strong government support including the new Startup Law with favorable tax treatment and stock option regulations, lower operating costs (35-40% less than major European hubs), excellent quality of life attracting international talent, and growing international VC presence. The ecosystem has produced 15 unicorns including Glovo, Cabify, and TravelPerk, demonstrating Spain’s ability to build globally significant companies. Spain’s cultural emphasis on creativity and design thinking also creates distinctive product approaches.
How much funding do Spain startups typically raise?
Spanish startup funding varies by stage and sector. Seed rounds typically range from €500K-€2 million, with the median at €1.8 million in 2024. Series A rounds average €12 million, up from €8 million in 2023, while Series B and later rounds range from €15-50 million. FinTech and AI companies typically raise larger rounds due to regulatory requirements and capital-intensive business models. Total Spanish startup funding reached €3.2 billion in 2024, a 45% increase from 2023. Spanish rounds are typically 20-30% smaller than equivalent German or UK rounds but sufficient for market validation and Latin American expansion.
Which cities have the strongest startup ecosystems in Spain?
Madrid dominates with 48% of national venture capital investment, offering central location, largest corporate presence for B2B sales, deepest VC ecosystem, and best infrastructure. Barcelona accounts for 38% of funding with particular strength in international startups, creative tech, gaming, and design-focused products. Valencia emerged as the fastest-growing hub with 85% funding increase year-over-year, focusing on logistics tech, tourism technology, and agricultural innovation with 40% lower costs than Madrid or Barcelona. Bilbao and San Sebastián in the Basque Country lead in industrial technology and manufacturing innovation.
What government programs support Spanish startups?
Spain provides extensive startup support: ENISA offers participative loans from €25,000 to €1.5 million with flexible terms, NEOTEC grants up to €250,000 for tech startups in first two years, Next Generation EU Recovery Plan allocates €4 billion for digital transformation through 2026, R&D Tax Credits allow deductions up to 42% of R&D expenditure, and the new Startup Law (Ley de Startups) passed in 2023 offers tax benefits for employees and investors, simplified incorporation, digital nomad visas, and stock option advantages. Regional programs include Madrid’s €100 million innovation fund and Catalonia’s ACCIÓ support programs.
How can I connect with recently funded Spanish startups?
The most effective approach is reaching out immediately after funding announcements when startups are actively seeking vendors, tools, and services. Growth List maintains a database of 1,006 Spanish startups with 1,282 double-verified email addresses and detailed contact information for CEOs and decision-makers. We send weekly updates of recently funded Spanish startups directly to subscribers. Sign up to receive 100 leads free and gain access to funding amounts, company details, verified contact information, and LinkedIn profiles. We also track which startups are planning Latin American expansion.
What are the most active venture capital firms in Spain?
Leading Spanish VC firms by investment activity include Kfund (backed Glovo, Cabify, TravelPerk), Seaya Ventures (focus on impact and sustainability), JME Ventures (early-stage specialist), and Nauta Capital (cross-border investor). International firms increasingly active in Spain include Atomico, Index Ventures, Tiger Global, and Accel. Corporate venture arms like Telefónica’s Wayra, BBVA’s Propel Venture Partners, and Santander InnoVentures play significant roles in fintech and digital services. The growing presence of Latin American investors like Kaszek Ventures and Monashees Capital reflects Spain’s role as gateway to regional markets.
How does Spain’s Startup Law benefit new companies?
Spain’s 2023 Startup Law (Ley de Startups) provides comprehensive benefits: employees can receive up to €50,000 in stock options with favorable tax treatment (only taxed when sold, not when granted), reduced corporate tax rate of 15% for first four profitable years (instead of standard 25%), easier incorporation with less red tape, digital nomad visa allowing remote workers to live in Spain, investors receive 50% tax deduction on investments up to €100,000 annually, and streamlined hiring processes for international talent. The law defines startups as companies under 5 years old (or 7 years for biotech), less than €10 million revenue, and innovating with scalable business models.
Related Startup Ecosystems
Exploring startup ecosystems beyond Spain? Check out our other comprehensive country and city guides:
European Regions
- Recently funded startups in France
- Recently funded startups in Germany
- Recently funded startups in the UK
- Recently funded startups in Switzerland
- Recently funded startups in Finland
- Recently funded startups in Belgium
Latin American Markets
- Recently funded startups in Mexico
- Recently funded startups in Brazil
- Recently funded startups in Argentina
International Hubs
- Recently funded startups in Israel
- Recently funded startups in Canada
- Recently funded startups in India
- Recently funded startups in Australia
United States Markets
- Recently funded startups in NYC
- Recently funded startups in San Francisco
- Recently funded startups in Boston
- Recently funded startups (all USA)
