Spanish startups raise almost 1,400 million in investment in 2024

The investment raised by Spanish startups will close 2024 at around 1,437 million dollars (about 1,400 million euros at the current exchange rate), a figure similar to that of last year, according to the forecasts included in the report ‘The State of European Tech ‘ prepared by the British venture capital firm Atomico.

“In Spain the panorama has not changed significantly in terms of investment. Spanish companies are on track to raise 1,437 million dollars this year, at levels similar to last year. Spain has the highest figure in the south of the continent in terms of investment, surpassing countries like Italy (900 million dollars) and Portugal (100 million dollars)”, details the British fund.

In that sense, The company highlights that in the period between 2005 and 2014, Spanish startups raised about 1.7 billion dollars (about 1,632 million euros).

Furthermore, he points out that a decade ago in Spain so There were only three ‘unicorn’ companies, those created less than 10 years ago that, without being listed on the stock market or having been acquired by a third party, achieve a value of 1,000 million dollars or more worldwide, and there are currently 14.

According to the report, in Europe as a whole, emerging companies raised around 45 billion dollars (43.2 billion euros), in line with around 47 billion dollars (45.1 billion euros) the previous year.

“‘The State of European Tech 2024’ combines quantitative data from all 41 European countries and includes a survey of thousands of founders, operators and investors to understand what is really happening in the European technology sector. This year’s report concludes that European technology has made significant advances in the last ten years, leading the early-stage startup scene today,” explained Atomico.

The authors of the report also They point out that in 2015 London was the only European city on the world list of the top ten ‘hubs’ by funding raised for early-stage startups.

In that sense, London has risen to second place globally in 2024, while Berlin and Paris also now appear in the top ten.

“However, a number of issues prevent the ecosystem from reaching its full potential: the unlocking of capital in the growth stage, liquidity, customers, regulatory dynamism, global competitiveness of talent and the commercialization of research and development,” the study adds.

Atomico has also highlighted that in Europe there are currently around 35,000 startups in the ‘early stage’, “more than any other region in the world”although the Old Continent ecosystem “must address a critical financing gap in the growth stage.”

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