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Spain is home to 7.5k+ funded startups which raised over $2.1B in VC investment in 2023.

Spain has also been the birthplace of over 15 household name unicorns such as Glovo, Cabify amongst others.

Venture Capital

By stage

Early stage VC investment trends
Access early-stage funding rounds into Spanish startups here on the Dealroom platform.

Breakout stage VC investment trends

Access breakout-stage funding rounds into Spanish startups here on the Dealroom platform.

Scaleup stage VC investment trends

Access scaleup-stage funding rounds into Spanish startups here on the Dealroom platform.

By region

The majority share of VC investment into Spain is concentrated into two leading hubs, Barcelona and Madrid however, it's important to note that other hubs are emerging and on the rise across Spain such as Valencia and Bilbao in the Basque Country.

In 2023,


By industry

Industry analysis

The top three Spanish industries for VC investment raised in 2023 were Transportation, Healthtech, and Enterprise Software which combined accounted for over 40% of total VC investment across Spain.

Sub-industry analysis

Notably, the top sub-industries in terms of total VC investment into Spanish startups in 2023 were Biotechnology, Search Buy and Rent, and Mobility.


Explore the data for the most active investors into the Spanish startup ecosystem as well as the most active Spanish investors here on the Dealroom platform.

International Comparisons

Country benchmarking

Spain currently ranks within the top 10 countries in terms of VC investment in Europe alongside the likes of The Netherlands and Denmark.

Compare startup ecosystem metrics against its European and global counterparts down below or here on the Dealroom platform.

City benchmarking

Spanish startup hubs such as Madrid and Barcelona amongst the top 50 largest startup ecosystems for VC investment across Europe.

Compare Spanish city startup ecosystems against their European and global counterparts here on the Dealroom platform.

Related Content

Reports: Spain startup ecosystem report 2023
Reports: Browse all Spanish ecosystem reports on Dealroom
Dealroom Data: Explore all funded Spanish startups and scaleups
Dealroom Data: Explore all Spanish funding rounds