Artificial intelligence (AI) has attracted over 2 billion euros in investment in Spain since 2020. This is according to the Spain Tech Ecosystem Report 2025, prepared by the Dutch company Dealroom.co, which specialises in database management, in collaboration with BBVA Spark, Endeavor, Enisa, GoHub, Kfund, SpainCap and Wayra. This figure makes Spain the fifth European country in terms of AI investment volume.

The report puts Spain in an incredible position on the continent. Since the start of the current decade, the total value of Spanish startups has doubled to reach 110 billion euros for the first time. In terms of the volume of technological investment, Spain is the European country with the seventh largest amount overall. In 2024 alone, amidst a global downturn in investment, it managed to raise 1.9 billion euros in venture capital.

A very promising 2025
The year 2025 has got off to a great start, and Spain has already managed to exceed investment for the whole of 2024. The 1.95 billion euros raised in the first half of the year reverses the trend seen over the last three years, and the country is expected to reach a record investment figure by the end of the year.

A total of 672 investment transactions were concluded in the technology industry in 2024, making Spain the fourth European country in terms of the number of investment rounds. The size of most of these rounds was concentrated in deals of between 15  and 100 million euros. 32% of the total exceeded this figure.

Major investments
Artificial intelligence fundraising exceeded 300 million euros last year. The same amount was also achieved by the other major area for the Spanish investment ecosystem, climate tech. This was followed by online travel at 209 million and payments at 208 million. 

By type of investment, venture debt amounted to 2.3 billion euros and established itself as a key growth avenue for later-stage startups. Corporate investment, in turn, was present in nearly 20% of the financing rounds, a record that reflects a greater integration between innovation and business, according to the authors of the report.

Entrepreneur profiles
Another fact that makes it possible to speak of the growing attractiveness of the Spanish ecosystem is the increasing contribution of international capital. The profiles of the entrepreneurs is also relevant. More than half of the founders of successful startups are serial entrepreneurs. 46% have a master’s or another university degree, and many of them have extensive experience in startups and large companies.

^{Photo: Dealroom.co}