Spanish startups received a record high volume of VC investment in 2019 -over 1,000 M€- and has maintained this robust activity even during a pandemic year. 2020 has registered as best in the series in terms of deals closed -313-, and second best in investment volume, with a notable increase in early-stage rounds (pre-seed, seed and series A). 2021 is already reaching new highs with over 1,600 M€ in under 5 months and noticeable activity in growth funding rounds.

Venture capital investment trends

EMPRENDIMIENTO_GRÁFICO_INVERSIÓN_ING.png Source: Observatorio de startups

Advantages to investing in Spain’s

entrepreneurial ecosystem

check-icon.png

Access to a domestic market of 46 million people and to the European market with 450 million people.  

check-icon.png

Point of entry to the Latin American market for European startups, and to the European market for Latin American startups.

check-icon.png

Highly-specialized talent from internationally renowned universities and business schools.

check-icon.png

Spanish companies and Spanish society have one of the highest ICT usage and incorporation rates in the world.

check-icon.png

A set of leading global multinationals with ambitious open innovation models.

check-icon.png

A highly specialized industrial sector throughout Spain, with its own special programmes for startups.

check-icon.png

More than 80 science and technology parks.

check-icon.png

Events and meetings for  leading global entrepreneurs.

What we can do
for your startup

icono-descarga-large.png

Download

the Starting up in Spain Guide

All you need to know about the entrepreneurship ecosystem in Spain.

Download
icono-programa-rising-up-spain.png

Programme

Rising Up in Spain

Our softlanding program for foreign startups.

Find out more
EMPRENDIMIENTO_GRÁFICO_MAPA.png

Booming ecosystem

With approximately 7,150 active startups in 2020 -according to conservative estimates-, this number has virtually doubled in just one year. Together with the extraordinary investment numbers, the technological entrepreneurship ecosystem continues to accelerate its growth and strengthen its place among the most important in Europe. The ecosystem isn´t limited to Barcelona and Madrid, two hubs that rank among Europe´s top 6; cities such as Valencia, Bilbao or Malaga boast flourishing ecosystems too. The industries with the largest startup investment activity last year were mobility/logistics, health and wellbeing, fintech/insurtech, productivity-business, tourism, e-commerce, software and cybersecurity. For the last four years, over 50-60% of startups financing originates in investors outside Spain, which underscores the attractiveness of our country´s entrepreneurial ecosystem for foreign capital.

Barcelona and Madrid are among the “Top 6” startup ecosystem capitals in Europe.

Barcelona ranks fifth among the best startup cities in Europe, followed by Madrid. London, Paris, Berlin and Dublin hold the top positions.

Source: TBS Business School and El Referente.

top-6.jpg
emprendimiento-rondas-eng.png

Top 20 rounds (M€) – 2020

2020 stands out for the unprecedented number of deals closed in the earliest stages: pre-seed, seed and series A. Out of the total 313 deals, a remarkable 243 were closed in rounds of up to 1 M€.

Source: Observatorio de startups

More than 180 startup accelerators and incubators

Support in forming and establishing startups from both the public and private sectors is apparent from the start in business accelerators and incubators. There are over 180 infrastructures of this type throughout Spain that offer advice and support for entrepreneurs.





Source: StartupXplore

coworking.jpg

Spain is a fertile territory

for co-working

Spain ranks second in Europe in number of co-working spaces, only behind the United Kingdom.

 

According to a 2019 report by Mobile World Capital Barcelona, the ongoing growth in the number of co-working spaces suggests that the Spanish entrepreneurial system is booming and is recognized as a welcoming environment that fosters entrepreneurship and innovation.

Talent

and human capital

Three of the main Spanish business schools are among the top 20 in the Financial Times MBA ranking: IESE, Esade and IE. One more comes in at 21st, Eada.

 

 

 

 

 

 

 

 

At the same time, Spain is among the countries with the fastest increase in professional developers, a profession with a year-on-year growth rate of 15.1%.

 

Global MBA ranking 2021

| European Business School

Global MBA ranking 2021
Ranking European Business School Country
1 Insead France / Singapore
2 London Business School UK
3 IESE Business School Spain
4 HEC Paris France
5 SDA Bocconi Italy
6 University of Cambridge: Judge UK
7 University of Oxford: Saïd UK
8 IMD Switzerland
9 Esade Business School Spain
10 Alliance Manchester Business School UK
11 Warwick Business School UK
12 IE Business School Spain
... ... ...
21 Eada Business School Spain
Source: Financial Times

Top 10 fastest-growing countries

for professional developers (2019)

EMPRENDIMIENTO_ING_GRAF_TOP_TEN.png

Source: Atomico.

talento-y-capital-humano-side-banner.jpg icono-talento-y-capital-humano.png

Wage costs

As far as wage costs are concerned, Spain is still very competitive compared to other European countries and the rest of the world.

Spain also attracts foreign talent. It is the third destination for European tech talent and the fifth for international tech talent.

Strengths of the Spanish

entrepreneurship ecosystem

Systems engineer salary (€ per year)
EMPRENDIMIENTO_ING_GRAF_STRENGTHS_01.png
Source: Startup Ecosystem Overview 2019. Mobile World Capital Barcelona
EMPRENDIMIENTO_ING_GRAF_STRENGTHS_02.png
Source: Digital Startup Ecosystem 2017" Mobile World Capital 2018. Atomico, Startup Genome.
icono-clima-y-calidad-de-vida.png

Climate
and quality of life

Spain's excellent climate and quality of life are other aspects that entrepreneurs take into account when choosing our country to set up their new businesses.  

Contact Us

Our advisors will inform and

support you in setting up your business

quote-icon.svg

Rising Up in Spain

Testimonials
See all the testimonials
logo-biome-makers.png

Biome Makers Inc.

Adrián Ferrero CEO & Co-Founder small-quote-icon.png

After getting the support of the programme we were able to explain to our investor that it makes sense to put money and effort into Spain. The programme increased our visibility in the Spanish market because we were a completely new company, and so this programme has helped us a lot in building our reputation and in gaining a broad presence, which has an impact on clients and potential stakeholders.

logo-knok.jpg

Knok Healthcare Spain

Gonzalo Rodríguez Country Manager small-quote-icon.png

The most important one [value added from the programme] was to understand what the main challenges are that we are going to face in the coming months in Spain, and to increase our visibility in Spain. Also, the opportunity to have the best mentors for our company and team was crucial for the development of Knok in Spain."

icono-agenda.png

Events

eventos-4yfnbarcelona.png

4YFN 2021

ICEX-Spain Export and Investment and Red.es are jointly organizing the Spanish pavilion at the 4YFN (4 Years from Now) 2021 trade fair, which will be held in Barcelona from 28 June to 1 July.

Read more
IMAGEN_ESTABLECIMIENTO.jpg icono-establecimiento.png
More information
Setting up a company

The different ways in which a company can operate in Spain.

impuestos-e-incentivos-bg.jpg icono-impuestos-e-incentivos.png
More information
Funding and incentives

System of funding and incentives for your project.

talento-bg.jpg icono-talento-blanco.png
More information
Talent

Get to know the Spanish talent pool for your project.

visados-bg.jpg icono-visados.png
More information
Visas

Visas and residence permits to live and work in Spain.