Venture Capital in Spain: from support to explosive growth

Anastasia Maslo
Oct 13, 2024
3 min read

In recent years, venture capital (VC) has dramatically changed the startup landscape in Spain. It's no longer just money - it's fuel for growth, helping young companies not only survive but also gain a foothold in the global market.

As a business studio with years of experience, we have seen how VC investment is turning Spain into an attractive platform for entrepreneurs. The successes of companies like Cabify and Glovo prove that Spanish startups can become global leaders.

Examples of successful Spanish startups that have received VC funding:

Cabify: The cab ordering service, an Uber competitor, has attracted more than $400 million in investment.
Glovo: The food and other delivery service, has attracted more than $500 million in investment.
Wallapop: A mobile app for buying and selling used items, has attracted more than $150 million in investment.
Typeform: An online platform for creating surveys and forms, has attracted over $70 million in investment.

VC ecosystem: more than just money

Venture capital is more than just funding. It is access to experience, connections and knowledge that help startups avoid mistakes and achieve success faster. Spain has an active network of mentors and experts ready to share their experience with young entrepreneurs.

Examples of VC funds in Spain:

K Fund: One of the leading VC funds in Spain investing in early stage startups.
Seaya Ventures: A VC fund focusing on investments in technology companies in Spain and Latin America.
Kibo Ventures: A VC fund that invests in startups in internet technology, mobile apps and e-commerce.

Accelerators and incubators: the forge of innovation

Spain boasts a large number of gas pedals and incubators that help startups in the early stages of development. These are real laboratories of innovation, where new ideas are born and tested. Startups in fintech, ecology and healthcare are particularly active.

Barcelona Activa: An urban business development agency in Barcelona offering various startup support programs including acceleration, incubation and mentorship.
Lanzadera: An accelerator and incubator in Valencia founded by Juan Roig, founder of Mercadona.
Wayra: An accelerator owned by the telecommunications company Telefónica.

Barcelona Activa deserves special attention. This organization offers a wide range of services for entrepreneurs, including:

Incubation and Acceleration Programs: Assistance in developing a business idea, finding funding and getting to market.
Co-working and office space: Providing workspaces and infrastructure for startups.
Training and mentoring: Organizing courses, seminars and individual consultations with experts.
Networking: Organizing events and creating opportunities for entrepreneurs to communicate and share experiences.

How Venture Capital is changing attitudes toward risk

Spanish entrepreneurs used to be more cautious and less risk-averse. Venture capital has helped change this situation. Now startups can be bolder and more ambitious in their pursuit of global success.

Spain: a new center of attraction for VC

Spain is becoming increasingly attractive for venture capitalists. Growing interest from international funds and government support create favorable conditions for the development of startups.

Venture Capital is not just money, it is the key to the future

Venture capital plays a key role in the development of Spain's innovation economy. It helps startups grow, create new jobs and change the world for the better.