2026年西班牙科技生态系统报告

TheSpanishtechecosystem

Report2026

May2026

Spainraised€3.1BinVCfundingin2025

●2025wasthethird

year,after2021and

2022,inwhichSpainʼsstartupsraised€3B+inVC.

●Morethantwo-thirdsofVCraisedinSpainin2025camefrom

startupsbasedin

MadridandBarcelona.

●Multiverse,Perk,andAuroTravelraisedthelargestrounds

(€180M+)in2025.

AIisthehighgrowingsectorinSpain

●Almosteveryfifth

startupfoundedin

Spainsince2021isanAIstartup.

●SpainʼsAIecosystemisthethirdfastest

growinginEurope.

●SpainʼsAIecosystemhasraised€3.3Bsince2020,rankingsixthinEurope.

Spanishstartupsknowhowtoattract

investors

●SpainranksfourthinEuropebyearly-stagedomesticVC

investment.

●Intotal,over600

uniqueinvestors

participatedin

fundingrounds

involvingSpanish

startupsin2025,withmorethan40%beingVCinvestors.

KeyTakeaways

Spainʼstech

ecosystemisworth€125B

●Spainʼstech

ecosystemkeeps

growing,showing2.3xgrowthsince2020.

●Spainʼstech

ecosystemisthe8thlargestinEurope.

●Halfofthevalue

belongstostartupsfoundedoverthelast10years.

●Morethanhalfofthevaluebelongsto

privatestartups.

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Source:Dealroom.co

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1SpanishTechUpdate

2SpainʼsUpcomingSectors

3SpainʼsTopHubs

4InvestorLandscape

Spanishtechecosystemisnowworth€125B

Almosthalfoftheecosystemvalueisgeneratedbystartupsfoundedsince2015.

Viewlive»

Source:Dealroom.co.

EVisthesumofthevaluationsofallstartupsinthe

ecosystem.UsingestimatedvaluationsbasedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations.

EnterpriseValueofSpanishtechecosystembylaunchyear

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Private

companies

accountfor54%ofthetotalvalueoftheSpanishecosystem

Source:Dealroom.co.

EVisthesumofthevaluationsofallstartupsinthe

ecosystem.UsingestimatedvaluationsbasedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations.

EnterpriseValueofSpanishtechecosystembycompanystatus

€10B

€48B

€67B

Viewonline»

Viewonline»

Viewonline»

dealroom.co

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Spainisshowingoneofthe

fastestgrowthratesamong

European

countries,with€100B+in

enterprisevalue

Spainranks8thinEuropebytechecosystementerprisevalue.

Source:Dealroom.co.

EVisthesumofthevaluationsofallstartupsinthe

ecosystem.UsingestimatedvaluationsbasedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations.RankingisamongEuropeancountrieswith€100B+

enterprisevalueoftechecosystems.

TopEuropeancountriesbyEnterpriseValue(growth)

2ND

8TH

€1.3T

MiguelÁngelAlcalá

HeadofBBVASparkEurope

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“Bycommitting€1billioninlessthanfouryears,BBVASparkhasproventobeastrategicpartnerfuelinghigh-growthtechcompanies.

WithBBVASpark,wehavebuiltsomethingthe

ecosystemneeded:abankspecificallydesignedforfastgrowingtechcompanies.Asthisreportshows,Spainhasbecomeaconsolidatedmarketwithahighlyactive

ecosystemthatalreadycompeteswithEuropeʼsleadinghubs.ItisthepotentialoftheEuropeanmarket,fullofinnovativeentrepreneurs,thatguidesourexpansion

acrossthecontinent.”

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Source:Dealroom.co

Spainʼsstartupfunnel,fromrisingstarstounicornsand$1B+exits

Valuation€200M-1BUnicornsand$1B+exits

»Viewonline»Viewonline

Valuation<€200M

»Viewonline

Spainraised€3.1BinVCin

VCfundinginSpain

2025

Itʼsthethirdbestyeareverafter2021and2022.

Late-stage

Breakoutstage

Viewlive»

Early-stage

Source:Dealroom.co

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Source:Dealroom.co

Allthreestageswerewellrepresentedin2025:earlyandbreakoutstageswereamongthebestyears,whilethelatestagestilllaggedbehindtheoutlieryearsof2021–2022

EarlyStageVCBreakoutStageVCLateStageVC

▊€0–1m(pre-seed)▊€1–4m(seed)▊€15–40m(seriesB)▊€40–100m(seriesC)▊€100–250m(megarounds)▊€250m+(mega+)

▊€4–15m(seriesA)

CarinaSzpilka

GeneralPartneratKfund

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“2025isconfirmingthearrivalofanewphasefortheSpanishtechecosystem.

Weareseeingagenerationoffoundersthatismore

sophisticated,moreinternationallyminded,andmoreambitiousthaneverbefore,buildingcompaniesfromdayonewithglobalmarketsinmind.

Overthepastdecade,Spainhasevolvedfromanemerging

ecosystemintoamuchmorematureandrepeatable

environmentforcompanybuilding.Today,thecombinationoftechnicaltalent,growingAIcapabilities,experiencedoperators,andincreasinglyspecializedcapitalgivesthecountryallthe

ingredientstoplayarelevantroleinthenextwaveofAI-drivencompaniesinEurope.”

Topfunding

roundsraisedbySpainʼsstartupsin2025

Viewlive»

EnterpriseSoftware:quantumcomputingsoftwarecompany

€189M

Jun2025-SeriesB

Health:syntheticbiologyresearchplatform

€123M

Jun2025-SeriesB

EventTech:liveeventsdiscoveryplatform

fever

Travel:employeerewards&engagementplatform

€182M

Jan2025-SeriesE

Gaming&Education:languagelearningappforkids

€109M

Sep2025-LateVC

Health:regenerativemedicinebiotechcompany

Travel&Transportation:autonomousride-hailingplatform

€180M

Feb2025-LateVC

JobsRecruitment:AI-drivenhiring

platform

€94M

Apr2025-SeriesF

Energy:renewableenergytechnologycompany

AltanoEnergy'

Source:Dealroom.co

€91M

Jun2025-LateVC

€74M

Sep2025-SeriesB

€60M

Jul2025-SeriesC

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InthegraduationtoSeriesAstage,Spainisbehind

peerecosystems,butitshortensthegapandsurpassesmanyoftheminSeriesB+

Source:Dealroom.co

Graduationrateofstartupsfromstandardizedseedroundsbetween2010and2020

23%

11%

5.2%

2.4%

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Source:Dealroom.co

Outcomes

Spainhasapipelineof3.5K+VCbackedcompaniesandhasalreadycreated40companieswith$100M+revenueand/or$1B+valuation

Flowofnewstartups/year

3338

Startups

($100K–15M

257

Breakouts($15–100M funding)

48

Scaleups($100M+funding)

1200+

Startupsfoundedannually

±450

Startupsfundedannually

40

$100M+revenueand/or$1B+valuation

181

$25-100Mrevenue

funding)

7.1%ofEurope

7.0%4.1%3.7%

3.8%3.6%

PoolofVC-backedcompanies

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In2025,there

were44exitsinSpain,thethirdbestresultafter48in2021and58in2022

Notableexitsin2025includedtheacquisitionsof

vLex

,

Wallapop

and

Onum

.

Viewlive»

Source:Dealroom.co.

Includingthefollowingroundtypes:acquisition,buyout,IPO,SPACIPO.

Numberofexits

Viewmore»

FormeremployeesofSpanishunicornsand$1B+exitshaveproducednextgenerationofstartups

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AndrésTallos

ManagingDirectorofEndeavorSpain

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“Spain'stechecosystemismaturingfast—andthenumberstellonlypartofthestory.

Spain'smostscaledfoundersarebecomingcatalystsforthenext

waveofentrepreneurship.Employeeswhobuildtheircareersinsidehigh-growthcompaniesgainafirst-handeducationinscaling,andtheygoontofoundnewventuresthatscalesignificantlyfaster.ThealumninetworksofcompanieslikeGlovo,Cabify,orJob&Talentnowrepresenthundredsofstartups,withcombinedfundinginthe

hundredsofmillions.Theseentrepreneursarebetterequipped,

betterconnected,andfastertoscalebecausetheyliveditfirsthand.ThisistheMultiplierEffect™atwork,anditisoneofthestrongestsignalsthattheecosystemisbuildinglong-termcompounding

strength,notjustheadlinenumbers.”

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Spanishuniversitiesandresearchinstitutesaredrivingtheecosystemforwardthroughtheirspinoutactivity

KeyStats

360+

$1.5B

$10.5B

TopInstitutes

VC-Backedstartups

VCfundingsince2020,witharecordover$500Min2025alone

CombinedEnterpriseValue,up4xsince2019

TechnicalUniversityofMadrid,Universitat

PolitècnicadeCatalunya,UniversityofBasque

Country,UniversityofBarcelona,SpanishResearchCouncil,BarcelonaInstituteofScienceand

Technology,ICREA

Notablespinouts

.co.

DealroomconsidersadifferentscopeofspinoutsthanTheDeepTechSpin-outEcosysteminSpain2025byMCW.

Source:MobileWorldCapitalBarcelona,Dealroom

NumberofDeepTechandLifeSciencesspinoutsbyhubs

SanSebastián

Bilbao

Barcelona

Madrid

dealroom.co

CarolinaRodríguez

CEOatEnisa

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“SpainisemergingasoneofEuropeʼsmostdynamicinnovationecosystems.

Dealroomʼsdatashowshowthecountryisconsolidatingarobust,competitiveandgloballyoriented

entrepreneuriallandscape.Thisprogressreflectsthe

combinedstrengthofentrepreneurs,privateinvestorsandstrategicpublicfundinginstrumentssuchasEnisa.”

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1SpanishTechUpdate

2SpainʼsUpcomingSectors

3SpainʼsTopHubs

4InvestorLandscape

HealthhasthelargestnumberofSpainʼsearly-stagestartups,DeepTechleadsatbreakoutstage,whileEnterpriseSoftwareatlate-stage

PipelineofSpainʼscompaniesbystageandsector

Source:Dealroom.co.

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dealroom.co

Overlappossibleamongstdifferentsectors.Unicornsand$1B+exitsareincludedinotherstages.StagesaredefinedbytotalVCraised:Early(€0-15M),Breakout(€15-100M),Late(€100M+).

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AIstartups

raisedthemostVCinSpainin2025

EnterpriseSoftwareandAIhaveledinVCraisedsince2020.

Source:Dealroom.co.

Overlappossibleamongstdifferentsectors.

TopsectorsbyVCfunding

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Source:Dealroom.co

AIinSpain

KeyStatsAIinSpainVCinvestmentinSpainʼsAIstartups

10THIN

EUROPE

Late-stage

6THIN

EUROPE

条DEVO

Breakoutstage

perk

Early-stage

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Almostevery

fifthstartupinSpainfoundedsince2021isanartificial

intelligencestartup

TheshareofAIstartupshasgrownmorethan2x

comparedto2010-2020years.

Source:Dealroom.co.

Overlappossibleamongstdifferentsegmentsandindustries.

SelectedsectorsinSpainas%ofstartupcreated

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Spainisoneofthefastest

growingAI

ecosystemsinEurope,with

3.7xgrowthsince2020

Since2020,SpainʼsAI

ecosystemhasgrownby

€11B,anditsshareofSpainʼstotalecosystemhasincreasedfrom7%to12%.

Source:Dealroom.co.

Rankingisamongthecountrieswith€10B+AIecosystems,excludingDenmarkduetonegativegrowth.

TopEuropeancountriesbyAIEnterprisevaluegrowth,2020-2025

3RD

8TH

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Spainranks6thinEuropeforAIVCinvestmentsince2020,with€3.3Braised

BynumberofAIfundingroundssince2020,Spainranks4thinEurope.

Source:Dealroom.co.

RankingisamongthecountrieswhoraisedthemostVCinAIin2025.

VCinvestmentintoEuropeanAIstartupsandnumberofrounds,since2020

6TH

4TH

Source:Dealroom.co.

dealroom.co

Page/27Rankingisamongthecitieswith€5B+AIecosystems.

BarcelonaandMadridareamongthetopAIecosystemsinEuropeintermsofEnterpriseValueandgrowth

EnterpriseValue

11TH

18TH

2ND

10TH

RelativeGrowthsince2020

11TH

12TH

AbsoluteGrowthsince2020

MadridandBarcelonaareamongthetopEuropeanhubsforAItalent

Madrid

Barcelona

Source:Dealroomco;

.

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dealroom.co

Mapshowingthetop50hubsbynumberofAIResearchers.

AIResearchersincludeanyResearcherthathaspublishedeitherpapersrelatedtoCoreAItopicssuchasDeepLearningorAIrelatedresearchasperGoogleScholarʼsclassification.

PalomaCastellano

WayraVenturesManagingDirectoratTelefónica

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“ThefutureofEuropeʼsInnovationecosystemwilldependonourabilitytoscaletechnologywithambition,collaborationandglobalreach.

AtWayra,wehavespentmorethanadecadehelpingentrepreneurs

transformbreakthroughideasintoscalablecompaniesbycombining

ventureinvestmentwithdirectaccesstoTelefónicaʼsglobalcapabilities,

technologyexpertiseandbusinessnetwork.Today,areassuchasartificialintelligence,cybersecurityandadvancedconnectivityarebecoming

increasinglycriticaltoEuropeʼscompetitiveness,resilienceandstrategic

autonomy.Byinvestinginstartupsandfosteringcollaborationacrosstheinnovationecosystem,weaimtostrengthenEuropeʼsabilitytocreate

globallyrelevanttechnologyleaders,accelerateinnovationandsupportthenextgenerationofEuropeantechchampions,aswellastoadvanceour

purposeofmakingTelefónicathebestgatewaytodigitaltechnologies.”

HealthinSpain

KeyStatsHealthinSpainVCinvestmentinSpainʼsHealthstartups

Late-stage

11THIN

EUROPE

10THIN

EUROPE

Breakoutstage

Early-stage

Impress

公atrys

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Source:Dealroom.co

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Source:Dealroom.co

RoboticsinSpain

KeyStatsRoboticsinSpainVCinvestmentinSpainʼsRoboticsstartups

11THIN

EUROPE

Breakoutstage

14THIN

EUROPE

xu-aus专ThEKER

Early-stage

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Source:Dealroom.co

Dual-UseandDefenceTechinSpain

KeyStatsDual-UseandDefenceTechinSpainVCinvestmentinSpainʼsDual-UseandDefenceTechstartups

10THIN

EUROPE

Late-stage

7THIN

EUROPE

Breakoutstage

Early-stage

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Source:Dealroom.co

ClimateTechinSpain

KeyStatsClimateTechinSpainVCinvestmentinSpainʼsClimateTechstartups

Late-stage

7THIN

EUROPE

9THIN

EUROPE

Breakoutstage

cabify

wallbox

Early-stage

PabloPerea

HeadofInvestmentsatGoHubVentures

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“Spainkeepsbecomingamorepowerfulandrepeatableengineforcompanybuilding.

Thecombinationofstrongresearchinstitutions,

fast-growingAIcapabilities,andrealearly-stagedepthinsectorslikehealtharecreatingamoremature

ecosystem,broaderintalent,strongerinsector

specialization,andincreasinglyambitiousabout

buildingcategoryleaders.Withmoreinternational

founderschoosingtobuildfromSpain,venturecapitalhasacentralroleinhelpingthatmomentumscale.”

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1SpanishTechUpdate

2SpainʼsUpcomingSectors

3SpainʼsTopHubs

4InvestorLandscape

WithMadridandBarcelonaasthetwomajorhubs,SpainhasmanypromisingtechhubssuchasValencia,Bilbao,Malaga,SanSebastián,andothers

PipelineofSpainʼscompaniesbycityandstage

Source:Dealroom.co.

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dealroom.co

Unicornsand$1B+exitsareincludedinotherstages.

StagesaredefinedbytotalVCraised:Early(€0-15M),Breakout(€15-100M),Late(€100M+).

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Source:Dealroom.co.

dealroom.co

StagesaredefinedbytotalVCraised:Early(€0-15M),Breakout(€15-100M),Late(€100M+).

In2025,BarcelonaandMadridattractedsimilarlevelsofVCacrossallstages,whileValenciaperformedstronglyattheearlyandbreakoutstages,andSanSebastiánatthelatestage

Early-stageVCin2025

BreakoutStageVCin2025

Late-stageVCin2025

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Barcelona,

Madrid,San

Sebastián,andValenciahaveattractedmoreVCpercapita

thantheSpainʼsaveragesince2020

BarcelonaandMadridhaveraisedover€1KinVCfundingpercapitasince2020

Source:Dealroom.co.

Cities€30M+VCraisedsince2020.

Almost70%ofVCraisedinSanSebastiánsince2020hasbeenraisedby

MultiverseComputing

.

VCinvestmentintoSpanishcitiespercapita,since2020

Spainʼsaverage:€348

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BarcelonaandMadridaccountformorethan⅔ofVCraisedinSpainin2025

Source:Dealroom.co

VCraisedbycity,2025

Gijón

SanSebastián

€206M

€27M

Santander

€40MBilbao

€68M

Vitoria

€12M

Vigo

€20M

€1.1B

Tarragona

€6MBarcelona

€1.2B

Madrid

Valencia

Albacete

€10M

€229M

Elche

€36M

Huelva

€12M

Malaga

€7M

Madrid

Barcelona

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Madridtechecosystemisnowworth€48.1B

Source:Dealroom.co.

EVisthesumofthevaluationsofallstartupsinthe

ecosystem.UsingestimatedvaluationsbasedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations.

EnterpriseValueofMadridtechecosystembylaunchyear

€6.4B

Viewonline»

€16.2B

Viewonline»

€25.5B

Viewonline»

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Madridraised€1.2BinVCin

VCfundinginMadrid

2025

AsinSpainoverall,itisthe

third-bestyearafter2021and2022.

Late-stage

Breakoutstage

Viewlive»

Early-stage

Source:Dealroom.co

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Madridcreates

valuefromVC

investmentclosetorestofSpainaverage,whileshowingstrongperformanceonapercapitabasis

Source:Dealroom.co.

VCpercapitasince2020.

Unicornsincludeprivateunicornsand$1B+exits.

MaturitymetricsinMadridcomparedtorestofSpain

6.1x

4.2x

4.0x

3.7x

Restof

SpainAverage0.95x

Page/44

Madrid

Barcelona

Barcelonatechecosystemisnowworth

€51.8B

Source:Dealroom.co.

EVisthesumofthevaluationsofallstartupsinthe

ecosystem.UsingestimatedvaluationsbasedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations.

EnterpriseValueofBarcelonatechecosystembylaunchyear

€2.8B

Viewonline»

€23.5B

Viewonline»

€25.5B

Viewonline»

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Barcelonaraised€1.1BinVCin

VCfundinginBarcelona

2025

2025wasthethirdyearonrecordwith€1B+VCraised.

Late-stage

Breakoutstage

Viewlive»

Early-stage

Source:Dealroom.co

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Barcelonashowsstrongstartup

performancein

percapita

metrics

comparedtotherestofSpain

MaturitymetricsinBarcelonacomparedtorestofSpain

8.4x

5.4x

4.8x

4.5x

Restof

1.1x

Spain

Average

Source:Dealroom.co.

VCpercapitasince2020.

Unicornsincludeprivateunicornsand$1B+exits.

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Source:Dealroom.co“TheGlobalTechEcosystemRanking”

Worldsectorecosystemranking

Barcelonaranks59thamongworldglobalchampions

Barcelonaoutperformstheglobalsectorecosystemrankinginninesectors:Food,Transportation,Space,ClimateTech,

Gaming,AI,Energy,CryptoandHealth&MedTech.

Viewlocationslive»

Barcelona

GlobalChampionsranking

#59

Selected5sectorstrength

Sector

Food

Transportation

Space

ClimateTech

AI

SectorRank(vs.overallrankingpositionchange)

26(+33)

33(+26)

34(+25)

39(+20)

45(+14)

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1SpanishTechUpdate

2SpainʼsUpcomingSectors

3SpainʼsTopHubs

4InvestorLandscape

JoséZudaire

ManagingDirectorofSpainCap

Page/50

“Spainʼstechecosystemhasreachedanewlevelofmaturity,drivenbysustainedventurecapitalactivity,increasinginternationalinvestor

confidence,andastrongpipelineofinnovative,globallyscalablecompanies.

Overthepastdecade,wehaveseennotonlyasignificantriseinfundingvolumes,butalsoaqualitativeshiftintheambitionandsophisticationofSpanishfounders.Spainisnolongeran

emergingmarketintech—itisacompetitiveEuropeanhub

wheretalent,capital,andopportunityconverge.Continued

collaborationbetweenpublicinstitutionsandprivateinvestorswillbekeytoconsolidatingthismomentumandensuring

long-term,sustainablegrowth.”

OtherEuropeaninvestors

Foreigninvestors

Spanishinvestors

Growth&Late

SeriesB+

Early

Seed-SeriesA

Pre-Seed

CorporatesandCVCs

basedinSpain

Institutionalinvestors

Cross-bordermandate

Institutionalinvestors

National/Localmandate

Spainʼsinvestorslandscape

(orbitcapital

⃞Lightspeed

slInveready

K口PLUSPARTNERS

techstars_

Institutionalinvestors

Foreigninvestors

Source:Dealroom

.co

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ActiveinvestorsinSpainsince2020.

PleasereachouttoDealroom.coifinterestedincollaborating.

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Spainranks

fourthinEuropebytheshareofdomestic

investorsinearly-stagefundingsince2022

In2025,domesticinvestorsaccountedfor55%oftotalVCinvestment.

Source:Dealroom.co

TopEuropeancountriesbyshareofdomesticinvestorsinearly-stagesourceofVC,since2022

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Spainʼsstartupsattractedmorethan600uniqueinvestorsin2025

VCinvestorsaremostactiveinSpain,with43%sharein2025.

Source:Dealroom.co

NumberofuniqueinvestorsinSpain

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Methodology

Whatisastartup?

Companiesdesignedtogrowfast.Generally,such

companiesareVC-investablebusinesses.Sometimestheycanbecomeverybig(e.g.$1B+valuation).Whenstartupsaresuccessful,theydevelopintoscaleups(>50people),grownups(>500people)andresultinbigcompanies.Onlycompaniesfoundedsince1990areincludedinthisreport.

Whatisastartup?

Whatisaunicorn?

WhatisaUnicorn?

Unicornsare(former)startupsthatreachedUS$1Bvaluationorexitatonepointintime.

UnderlyingData

Dealroomʼsproprietarydatabaseandsoftware

aggregatedatafrommultiplesources:harvestingpublicinformation,user-submitteddataverifiedbyDealroom,dataengineering.Alldataisverifiedandcuratedwithanextensivemanualprocess.

Thedataonwhichthisreportbuildsisavailableviaapp.dealroom.co.Formoreinfopleasevisit

dealroom.coorcontactsupport@dealroom.co.

DataforthisreportwastakeninMarch2026.

VentureCapital,Investors

InvestmentarereferredtobytheirroundlabelssuchasSeed,SeriesA,B,C,…latestage,andgrowth

equity.VCinvestmentsexcludedebt,non-equityfunding,lendingcapitalandgrants.

Unlessotherwisementioned,roundslabelledas

(pre-)seed,seriesAorearlyVC,aswellasallroundsunder€15MareconsideredEarly.Thoserounds€15-€40M,andallroundslabelledSeriesBandCare

consideredBreakout.RoundslabelledSeriesC,LateVCand/or€40M+areconsideredLate.

Scopeofthereport

WhilemanystartupsfoundedinSpainrelocate

beyonditsborders,mostmaintainbusiness-criticaltiestotheirhomelands.

Inordertotakethisrealityintoaccount,thisreportincludesbothSpain-basedstartups,whichmaintaintheirmaincenterofbusiness(HQ)intheircountryoforigin,andSpain-foundedstartups,withtheirHQ

relocatedoutsideofSpain.

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Techecosystemintelligence

Dealroom.coisaglobalintelligenceplatformfordiscoveringandtrackingthemostpromisingcompanies,

technologiesandecosystems.ClientsincludemanyoftheworldʼsforemostorganizationssuchasSequoia,Accel,IndexVentures,McKinsey,BCG,

Deloitte,Google,AWS,Microsoft,Stripe.

Dealroompartnerscloselywithlocal

techecosystemdevelopmentagenciesandenablers,tocreatea

comprehensivemulti-dimensional

blueprintofthetechecosystem,

includingcapital,talent,innovation,

entrepreneurshipandoveralleconomicdynamism.

LeadingearlystagefundinSouthernEuropeandLatAm

Kfundisamulti-stage,multi-productfundfamilythatsupports

entrepreneursinSouthernEuropeandLatinAmerica.Withover€500millioninassets,thefundinvestsfromthe

pre-seedstagetoSeriesB,offeringchecksrangingfrom€100,000to€15million.

Helpsinnovativeand

technologicalcompaniesgrow

BBVASparkisBBVA'sspecializedunitfocusedonhigh-growthinnovative

companiesandventurecapitalfunds,thatprovidesstructuredfinancing

solutions,includingventuredebtandAssetBackedLending,tailoredtoeachcompany'sstageofdevelopmentandbusinessmodel.

Sparkcombinesagility,specializedfinancialsolutionsandaglobalteamthatspeaksthesamelanguageas

entrepreneursandunderstandsthechallengesofscalingacompany.

Theunitsupportsfoundersand

venturecapitalfundsacrossEurope

andLatinAmericaandinitsfirst3yearsofactivityhasclosedaround€1billioninfinancingcommitted.

Leadingglobalnetworkof,by,and

forhigh-impactentrepreneurs

innovatingElsewhere

Weselect,support,andinvestin

founderstohelpthemscalefasterandreinvesttheirsuccessinthenext

generation.That'showwecreateaMultiplierEffect—theforcebehindthrivingentrepreneurialecosystems.

Foundedin1997,Endeavornowspans50+countriesandsupports3,100+

founders—includingtheleaders

behind100+billion-dollarcompanies.

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Early-stageVCfundbacking

foundersinB2Bsoftwareand

digitalhealth

GoHubVenturesisanearly-stage

venturecapitalfundbackingfoundersbuildingB2BsoftwareinAIand