Spain’s startup ecosystem is relatively young, with many critical supports like accelerators, incubators and local VC funds still maturing themselves but all signs point to an exciting future.
2015 was a record year for investment in Spanish startups, surpassing $0.5 billion for the first time. This is exciting news, especially given how dire some reports were about the Spanish startup ecosystem even five years ago.
We are currently seeing growing activity in areas around the country, as well as in multiple sectors. The tech sector in particular is booming, especially cyber security, e-commerce, gaming and fintech. Madrid and Barcelona are tech hotspots, although other regions are also building strong ecosystems like Valencia, Basque Country and Andalucia. But the excitement is not limited to technology companies – we are also seeing strong activity in tourism, biotech, big data, food and more.
Spain’s startup ecosystem is relatively young, with many critical supports like accelerators, incubators and local VC funds still maturing themselves. That said, all signs point to an exciting future, with the number and quality of Spanish startups increasing year over year.
What is helping the development of Spain’s startup ecosystem?
While 2016 may not be another record-breaking year for investment, I fully expect to see considerable activity across our startup ecosystem and a continuation of the trend for overall growth. As the market comes to maturity, expect to see many more Spanish success stories in technology and beyond.
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Mr. Guillermo Ramos has significant experience in the startup ecosystem, which he acquired in diverse C-Level positions in his career. Guillermo currently supports VC firms and startups with their Corporate Finance needs (includes M&A, fundraising & strategy) as well as large companies and Public Administrations in setting up programs to support startups.
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