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State · Europe

Basque Country

State · Spain · Pop. 2.2M

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Featured in #88World regions by EV
$3.3B+39%
Combined startup EV
$355.7M
VC invested (last 12mo)
274
Tracked startups
🦄 Unicorns
0
0 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
0
—
🐎 Thoroughbreds
1
Top 1% growth · $500M+

Adjacent regions by EV

#85Maine #86Newfoundland and Labrador #87Lower Saxony #88Basque Country #89South Australia #90Nova Scotia #91Brandenburg

Startup funnel

Basque Country'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.

Pre-Seed
196
Seed
67
Series A
29
Series B
8
Series C
7

* 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 Basque Country

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Thoroughbreds+ $100M+ revenue 0
Agile Content

Academia

Basque Country's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Basque Country.

University-linked startup formation
143
University spinouts
168
Total alumni-founded companies
126
Of which startups (<$15M raised)
30
Breakouts ($15M-100M)
12
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Basque Country stacks up

Peers chosen from the same country (Spain), sized closest to Basque Country by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
Rhineland-Palatinate
$10.2B
Saxony
$7.1B
Valencia
$6.1B
Lower Saxony
$3.9B
Basque Country
$3.3B
Brandenburg
$2.7B
Saxony-Anhalt
$2.7B
Schleswig-Holstein
$1.2B
EV growth (5-yr ×) vs current EV
peer median 5.2× 2.7× 5.0× 7.3× $3.3B $86B $2.3T EV growth (5yr ×) Combined enterprise value (log) European Union Nordics Central Eastern Europe Berlin Bavaria Basque Country

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 Basque Country dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Basque Country's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Basque Country's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Basque Country's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Basque Country's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Basque Country
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Basque Country
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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