Home to the likes of Cabify, Glovo, and Paack, Spain is not only the leader of southern Europe’s tech scene, but also a competitive player across the continent.
The value of the Spanish ecosystem — measured as the total valuation of its startups — has grown nearly 40% on average each year over the last five years. The country closed the doors to 2021 with a blazing $500m Series E for staffing marketplace Jobandtalent, and walked into 2022 with another €101m Series E for Barcelona-based TravelPerk, adding up to its growing unicorn tally.
High hopes are set upon the fleet of exciting startups leading the way in the country. Sifted ranked the most promising amongst them — including big hits, household names and fast-growing wonders.
Note: if there is anyone missing from this list, or something needs updating, please let us know by email at rankings@sifted.eu
For in-depth early-stage analysis of all sectors and ecosystems, check out our Pro briefings.
Barcelona, Spain
2013
Late VC
€173.6m
€310m
Barcelona, Spain
2012
Series C
€122.7m
€169.9m
Madrid, Spain
2017
Late VC
€78.2m
€149.8m
Barcelona, Spain
2007
Growth Equity VC
€100m
€123.5m
Madrid, Spain
2018
Early VC
€100m
€100m
Madrid, Spain
2008
Growth Equity VC
€100m
€100m
Madrid, Spain
2014
Series B
€26.4m
€90.6m
Madrid, Spain
2012
Series C
€55.5m
€81.4m
Madrid, Spain
2018
Series A
€59.1m
€72.1m
Mataró, Spain
2011
Grant
€25m
€71.9m
Barcelona, Spain
2016
Series C
€45m
€69.7m
Madrid, Spain
2017
Series C
€56m
€67.8m
Barcelona, Spain
2011
Debt
€15m
€58.4m
Madrid, Spain
2016
Series C
€36.4m
€56m
Elx, Spain
2011
Series B
€25.4m
€52.6m
Madrid, Spain
2016
Late VC
€17m
€52.5m
Barcelona, Spain
2012
Series A
€50m
€51.7m
Bilbao, Spain
2016
Series C
€27.3m
€51.3m
Barcelona, Spain
2019
Series A
€45.5m
€50.5m
Madrid, Spain
2014
Series B
€40m
€50.1m
Barcelona, Spain
2019
Series A
€40m
€50m
Doñinos de Salamanca, Spain
2014
Series A
€50m
€50m
Barcelona, Spain
2013
Series C
€25.2m
€48.2m
Madrid, Spain
2018
Series A
€47m
€48m
LHospitalet de Llobregat, Spain
2015
Series B
€30.9m
€47.1m
Barcelona, Spain
2014
Late VC
€26.1m
€44.4m
Barcelona, Spain
2018
Early VC
€40m
€42m
Madrid, Spain
2019
Series A
€37m
€40m
Madrid, Spain
2019
Early VC
€20m
€40m
Barcelona, Spain
2020
Series A
€38.6m
€38.6m
Leioa, Spain
2014
Late VC
€16.5m
€35.9m
Valencia, Spain
2015
Late VC
€18m
€35.2m
Sant Cugat del Vallès, Spain
2015
Debt
€10m
€35.2m
Barcelona, Spain
2006
Angel
€20m
€35m
Barcelona, Spain
2017
Series A
€27m
€34.1m
Barcelona, Spain
2019
Series A
€30m
€31.5m
Madrid, Spain
2016
Series A
€4.3m
€31.1m
Derio, Spain
2013
Series B
€30.9m
€31m
Barcelona, Spain
2020
Series A
€15.9m
€30m
Valencia, Spain
2018
Early VC
€25m
€25.6m
Córdoba, Spain
2014
Series B
€18.2m
€23.8m
Barcelona, Spain
2016
Late VC
€10m
€22.7m
Barcelona, Spain
2017
Early VC
€4.5m
€20.5m
Barcelona, Spain
2019
Series A
€14.3m
€16.4m
Madrid, Spain
2018
Series A
€14m
€16.3m
Granollers, Spain
2018
-
€5.8m
€15.8m
Madrid, Spain
2018
Early VC
€8m
€15.5m
Madrid, Spain
2017
Early VC
€15m
€15m
Valencia, Spain
2016
Series A
€7m
€14.2m
Madrid, Spain
2020
Debt
€184m
€13.8m
San Sebastián, Spain
2019
Seed
€10m
€11.5m
Barcelona, Spain
2020
Series A
€8.3m
€11.3m
Madrid, Spain
2015
Series B
€5.5m
€11.2m
Madrid, Spain
2019
Series A
€8.7m
€11.2m
Madrid, Spain
2018
Series A
€10m
€10.9m
Madrid, Spain
2014
Late VC
€7.3m
€10.8m
Madrid, Spain
2020
Early VC
€10m
€10.2m
Barcelona, Spain
2021
Series A
€10m
€10m
Hospitalet de Llobregat, Spain
2014
Series A
€8m
€10m
Barcelona, Spain
2019
Seed
€9.1m
€9.4m
Barcelona, Spain
2012
Seed
€3.4m
€9.4m
Madrid, Spain
2019
Early VC
€6.2m
€9.2m
Coruña, Spain
2015
Seed
€4.8m
€9.1m
Barcelona, Spain
2016
Series B
€7m
€9m
Madrid, Spain
2018
Series A
€9m
€9m
Barcelona, Spain
2017
Early VC
€2.3m
€8.8m
Madrid, Spain
2019
Early VC
€5.5m
€8.8m
Valencia, Spain
2017
Series A
€6.5m
€8.4m
Esparreguera, Spain
2020
Seed
€8.2m
€8.2m
Madrid, Spain
2017
Series A
€6m
€8m
Madrid, Spain
2020
Early VC
€8m
€8m
Barcelona, Spain
2020
Seed
€5.7m
€7.7m
Villanueva del Pardillo, Spain
2017
Series A
€7.3m
€7.6m
Valencia, Spain
2017
Seed
€7m
€7m
Barcelona, Spain
2020
Early VC
€5m
€6.4m
Madrid, Spain
2019
Seed
€5.7m
€6.3m
Barcelona, Spain
2018
Seed
€5.8m
€6m
Madrid, Spain
2019
Seed
€5.5m
€5.5m
Barcelona, Spain
2020
Seed
€2.7m
€5.5m
Madrid, Spain
2018
Series A
€5m
€5m
Barcelona, Spain
2020
Seed
€2.5m
€3.5m
Madrid, Spain
2018
Grant
€2m
€2.5m
Bilbao, Spain
2019
Seed
€168k
€2m
Barcelona, Spain
2020
Seed
€1.8m
€1.8m