Madrid
Metro area · Spain · Pop. 6.7M
Enterprise value · 2015–2025
Madrid grew 12.1× since 2015
Combined enterprise value of every tracked startup headquartered in Madrid that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Madrid's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Notable companies
Top private companies in Madrid
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
Academia
Madrid's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Madrid.
Vs. similarly-sized ecosystems
How Madrid stacks up
Peers chosen from the same country (Spain), sized closest to Madrid by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Spain — top cities
Top cities in Spain ranked by combined EV. Madrid's row is highlighted.
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Madrid dataset — or see a sample on the Dealroom app.
Get the full Madrid ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.