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1 Startup funnel

Spain's startup funnel

Companies headquartered in Spain at each stage today, by total VC raised. Hover or tap a bar for the split.

3,526
Startups
$100K–15M raised

1,872 pre-seed · 1,095 seed · 559 Series A

263
Breakouts
$15–100M raised

176 Series B · 87 Series C

57
Scaleups
$100M+ raised

38 Mega · 19 Mega+

33
Unicorns and/or $100M+ revenue

13 valued at $1B+ · 30 with $100M+ revenue · 10 both

Source: Dealroom.co

2 Latest quarter

Spain's latest quarter in venture capital

Venture capital raised by Spain-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.

Latest complete quarter

 

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3 Enterprise value

How much Spain’s VC-backed companies are worth

Combined enterprise value of VC-backed companies headquartered in Spain, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.

4 VC investment

How much venture capital flows into Spain

VC investment into Spain-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

5 Largest rounds

Largest funding rounds in Spain

A live treemap of $40M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Spain, grouped by Dealroom sector.

Largest rounds in Spain - 2024–2026

Every $40M+ VC round into Spain-headquartered companies in 2024–2026, grouped by Dealroom sector.
- rounds · - raised
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6 Startup hubs

Inside Spain: 6 startup hubs, 509 universities

Hubs are sized by combined enterprise value; universities by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.

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By enterprise value · 5-yr growth
1 Madrid $47.7B 4.6× 5-yr
2 Barcelona $39.6B 4.8× 5-yr
3 Bilbao $1.7B 3.9× 5-yr
4 Seville $1B 6.3× 5-yr
5 Málaga $651.9M 4.6× 5-yr
6 Tarragona $194.3M 9.8× 5-yr

7 Founder origins

Where Spain's unicorn founders build

49 founders born in Spain are behind 29 unicorns; 38% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.

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8 Location comparison

Unicorns, decacorns and centicorns — Spain in a global comparison

Companies count where they were founded or are headquartered. Values are per 1M people or totals, as a share of the US (US = 100%) or absolute; bars scale to the largest value in each column. Hover any value for the per-1M rate and absolute count.

9 Patent intelligence

Spain startup IP portfolio: 6,697 patent families

Granted patent families assigned to startups headquartered in Spain. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.

Granted patent families
6,697
Filed by tracked startups headquartered in the country.
137 patents per million residents · #32 globally
Top patenting hubs
1 Community of Madrid 3,346
2 Bilbao Metropolitan Area 2,149
3 Barcelona Area 951
4 Valencian Community 229
5 Province of Málaga 22

Get the full Spain ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.