1、Spain ecosystemREPORT 2023April 2023Page/2 Key takeaways.Source:Dealroom.co.The combined value of the Spanish startup ecosystem has reached 93B.The growth in the nations ecosystem value has been driven by the emergence of four new homegrown unicorns:Factorial,Fever,Domestika and TravelPerk.Spain exp

2、erienced its second best year on record for VC investment,with 4B raised in 2022.Latin American countries represent 3 of the top 10 recipients of Spanish VC investment.The Spanish tech ecosystem is now worth 93B,up 3.6x since 2018.Spain ranks 6th in Europe and 16th globally for total investment rais

3、ed in 2022.Spain showed stronger resilience than its European counterparts,with VC Investment dropping only 15%since 2021.Early stage investment reached a record high of 1.8B.141+funding rounds have been invested from Spanish investors into LatAm startups.Many Spanish investors such as Seaya and Way

4、ra have been active in investing into LatAm-based startups and scaleups.DESIGN CONTENTNumber of rounds from Spanish investors in foreign startups Cumulated number of rounds 2018-2022VC Investment in Spanish startups Combined enterprise value of Spanish startups93B25B50B2016202275B100B Value of publi

5、c companies Value of private companies1B2B3B4B4B20.7BUnited StatesUnited KingdomFranceGermanyPortugalIsraelBrazilColombia3228250Mexico49Key takeawaysLatAm141Page/3 The Spanish Tech Ecosystem 12Investors&Funding landscapeDESIGN CONTENTNina ChaloumEcosystem Innovation Analyst at

6、dealroom.coAlex HamiltonEcosystem Innovation Analyst at dealroom.coCo-authorsTable of content3Spain&LatAm:cross-investment opportunitiesJaime Novoa Partner at Kfund1st Edition 20212nd Edition 2023Download the first reportPrevious editions of the report.1DESIGN CONTENTThe Spanish Ecosystem1The Spanis

7、h Tech EcosystemPage/5 DESIGN CONTENTSource:Dealroom.co.(1)Enterprise value consists of Spanish HQd and founded companies founded since 1990.Visit this link for more information.(2)Sum of the valuations of all startups in the ecosystem.Using estimated valuations based on most recent VC rounds,public

8、 markets and publicly disclosed valuationsCombined enterprise value of Spanish startups(2016-2022)view online Value of public companies Value of private companies93B26B201725B50B3.6x200202021202286B75B100BEnterprise value of selected European ecosystemsGrowth(2018-2022)20182022 Value grow

9、th326137BNetherlands2.4x17BItaly153BGermany26BSpain108BFrance10BPortugal53BSweden44B448B93B332B37B225B2.5x2.9x3.6x3.8x3.8x4.2xSpanish startups are now worth 93B,up 3.6x since 2018.The value of private companies has been growing steadily and is up 1.3x year-on-year.Page/6 Number of unicorns and$1B+ex

10、its United KingdomGermanySwedenFranceNetherlands130Spain12673 Total unicorns until 2021 New unicorns in 2022130 Spain founded Unicorns and$1B+exits since 2022 view moreFeverUnicornHQ LocationIndustryStockholm Founded in MadridEvent TechFactorialBarcelonaJobs RecruitmentDomestikaBerkeley,U

11、SAFounded in MadridEducationTravelPerkBarcelonaTravelUnited KingdomGermanyFranceSwedenNetherlandsSwitzerlandSpainDenmarkIrelandNorway6038 3627 25 141610 10 Source:Dealroom.co.DESIGN CONTENT+15+6+9+7+3+3+4+4+2Spain has welcomed four new unicorns in 2022.Spain founded Unicorns and$1B+exits since 2022

12、view moreUnicornHQ locationIndustryStockholm Founded in MadridEvent TechBarcelonaEnterprise SoftwareBerkeley,USAFounded in MadridEducationBarcelonaTravelPage/7 CataloniaDESIGN CONTENTSource:Dealroom.co.The logos shown are not exhaustive but a discretionary selection of the companies of the category.

13、Unicornsstartups that reached a$1b valuation or exitJobandtalentIdealistaCabifyConfirma SistemasClikaliaGlovoWallboxTravelPerkFactorialeDreams IgenomixFlywireDevoDomestikaCopadoFeverFuture Unicornsstartups valued$250m-$999m,havent reached$1b(yet).TikoPlaytomicCartoGoal SystemsCobeeWallapopPaackUserZ

14、oomImpressSplice BioHawkersFORMASPACKTebrioOdiloClarity AiBelvoStartioRising Starspromising startups valued under$250m with recent funding and high GOIUsyncroIronhackPerfecta EnergiaTinybirdNeuroeletricsFintecaRed points011hSingular CoverJeffVegan Food ClubTrazableCadelDEKALABSTurbosuiteShapeletsSol

15、umWevoiceHiklubMultiverse ComputingAPlanetLibereSatlantisLookieroBound4BlueBEONPRICELibeliumErasmus PlayGenial.lyAbacumOnnaLizzaSkydwellerBizAwayRegion Community of MadridCataloniaValencian CommunityAndalusiaBasque countryRest of SpainHQ abroadCommunity of MadridValencian communityAndalusiaBasque Co

16、untryUnicorns Future UnicornsRising StarsList of CompaniesCatalonia Basque CountryCommunity of MadridValencian CommunityAndalusiaRest of SpainGOIUsyncroIronhackTinybirdThe Power MBAMultiverse ComputingAPlanetLibereSatlantisLookieroNeuroeletricsRed points011hSingular CoverSubmer TechnologiesWallapopP

17、aackImpressSplice BioTypeformThe Colvin CoSpain breakout startups&rising stars.Discover the most top 100 Spanish startups using predictive signals.Top 100 Spanish Startups to watchPage/9 DESIGN CONTENTSource:Dealroom.co.ComplishJustoVamosGlovo CabifyGroupaliaHousfyGym For LessWiggotSpanish startup f

18、ounder factories view online DelitbeeBeanstockNunaGlovoBeanstockBlokDiHolaRentyNunaEnzo VenturesZubi LabsCoCircularFlywire View more onlineRunaInvopopGreen Factor CBCopapingWetechfoodBlokVermutMature Spanish startups are providing the ideal environment for nurturing Spains entrepreneurial scene.Inno

19、vative project,scalable business modelLess than 5 years old-except sectors such as Biotech,Energy,etc.up to 7 years oldDoes not exceed an annual turnover of 5MNot a corporate spinout¬ publicly listed Definition of a Startup in Spains Startup LawSpains Startup Law aims to facilitate the creation a

20、nd development of startups in the country.The Law for the Promotion of the Startup Ecosystem,or Startup Law,came into effect in January 2023.Conceived under the framework of the Spain Entrepreneurial Nation strategy,to encourage the creation and development of startups in the country,by recognizing

21、their unique status and risks:business model,potential for growth,need for high skills workers locally and abroad.non-resident investors no longer need to obtain a foreigners identification numberSpecific tax treatment for the carried interestBenefits for investorsIncrease in the maximum deduction b

22、ase Streamlining procedures and certificationsUp to 15%Tax Rate reduction,better tax treatment of stock optionsBenefits for startupsDigital Nomad VisaSource:Dealroom.co,OpenInnovation.BBVA,Dobetter.Esade.eduFocus on:Spains Startup Law.Provided by Read morePage/11 The Spanish Startup Law is a step to

23、wards enhancing Spains attractiveness for start-ups,founders and investors.“The new regulatory framework aims to reduce red tape and brings corporate and tax benefits.We encourage all parties involved to finish the implementing regulations and procedures,so that the beneficiaries can take advantage

24、of the incentives as soon as possible.Having ENISA in charge of the start-up certification are very good news.They really know the sector.DESIGN CONTENT“QUOTE ON SPANISH STARTUPLAW/BENEFITSStatus:The new regulatory framework aims to reduce red tape and brings corporate and tax benefits.We encourage

25、all parties involved to finish the implementing regulations and procedures,so that the beneficiaries can take advantage of the incentives as soon as possible.Having ENISA in charge of the start-up certification are very good news.They really know the sector.The Spanish Startup Law is a step towards

26、enhancing Spains attractiveness for start-ups,founders and investors.“Pedro FernndezPartner at Prez-Llorca3Investors&Funding landscapeDESIGN CONTENTPage/13 DESIGN CONTENTSource:Dealroom.co.Change in VC Investment in selected countries,2021-2022SwitzerlandFranceSpainCanadaChinaUnited StatesGermanyNet

27、herlands-33%-44%-48%21%5%-30%-33%-15%United Kingdom-25%Brazil-62%-11%European average 2020202182017VC Investment in Spanish startups view online1B2B3B4B 0M-$1M (pre-seed)1M-$4M(seed)4M-$15M(series A)15M-$40M(series B)40$100M(series C)100$250M 250M+4B879B1.3B2.2B1.5B4.7BSpain showed strong

28、er resilience than its global counterparts and experienced its second best year on record for VC investment,with 4B raised in 2022.Page/14 31BDESIGN CONTENTSource:Dealroom.co.VC Investment included for companies founded and headquartered within the selected countries.Top Hubs for VC Investment in 20

29、22 view onlineSpain vs European counterparts view onlineSpain Ecosystem Enterprise Value(2017-2023)view onlineSpain(#6)Sweden(#4)Switzerland(#5)Germany(#3)France(#2)UK(#1)Netherlands(#7)Ireland(#8)Finland(#9)Norway(#10)15.9B12B5.8B5.7B4B3.8B2.3B2.1B1.9B100B80B60B40B20B020020202

30、B93B88B78B48B37B25BCountry2022 HQ+Founded worldeuUnited_Kingdom3131France15.952Germany1263Sweden5.8114Switzerland5.7125Spain4167Netherlands3.8176Ireland2.3198Finland2.1229Norway1.92310Sweden5.811Switzerland5.712Australia5.413Brazil4.414Indonesia4.315Spain416Netherlands3.817Japan3.518Hong Kong2.319Un

31、ited_Arab_Emirates2.319Spain vs Global Counterparts view onlineSpain(#16)Brazil(#14)Indonesia(#15)Australia(#13)Switzerland(#12)Sweden(#11)Netherlands(#17)Hong Kong(#18)UAE(#19)Ireland(#20)4B5.8B5.7B5.4B4.4B4.3B3.8B2.3B2.3B2.3BSpain ranks 6th in Europe and 16th globally for total investment raised i

32、n 2022.Page/15 DESIGN CONTENTSource:Dealroom.co.Spain had an especially strong start to 2022,with a record 1.5B raised in Q1,but a slower rest of the year.VC investment in Spanish startups view online2020200.4B1.6B0.5B1.5B1B2B2.5B0.5B 1BM1.5BQ12023Q12022Q12021Q12020Q12019Q12018

33、Q120171.5B803MQ42022$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)GrowthBreakoutEarlyPage/16 DESIGN CONTENTSource:Dealroom.co.Early stage rounds are defined as round sizes with an upper limit of 40M.*excl.Investment under 40M in Spanish startups view online0-1

34、M(pre-seed)1-4M(seed)4-15M(series A)15-40M(series B)Explore Spanish early stage funding rounds view online1B0.5B$1.5B20202021820171.8B0.7B0.8B1B1.2B1.7B Over 5k early stage rounds have been raised since 2017Early Stage funding into Spanish startups is up by 2.4x since 2017Key Takeaways202

35、1 was a record setting year for number of early stage rounds raised with over 1k rounds raised in the periodDomestic and European sources make up on average over 60%of early stage funding rounds into Spain since 2017*Early to mid stage funding has been steadily growing,reaching an all time high in 2

36、022 of 1.8B,up 2.4x from 2017.Page/17 DESIGN CONTENTSource:Dealroom.co.Number of rounds over$100M+view onlineSpanish megrounds in 2022StartupHQ CItyIndustryAmount raisedDateSeedtagMadridmarketing275 jul/2022FeverNew York Cityevent tech227 jan/2022PaackBarcelonatransportation220 jan/2022TypeformBarce

37、lonamarketing;enterprise software135 mar/2022ImpressBarcelonahealth;wellness beauty125 jul/2022FactorialBarcelonajobs recruitment;enterprise software120 oct/2022TravelPerkBarcelonatravel;fintech111.1 jan/2022ZunderPalenciatransportation110 oct/2022CivitatisMadridtravel;event tech110 apr/2022Domestik

38、aBerkeleyeducation110 jan/2022DevoCambridge,USSecurity,Enterprise Software100 Jun/2022Seedtag250M|Growth EquityMadrid Aug 2022Fever206M|Growth EquityMadrid Aug 2022Paack200M|Series DBarcelona Jan 2022Typeform122M|Series CBarcelona Mar 2022Impress113M|Series BBarcelona Jul 2022Factorial109M|Series CB

39、arcelona Oct 2022TravelPerk101M|Series EBarcelona Jan 2022Civitatis100M|Growth EquityMadrid April 2022Domestika100M|Series DMadrid Jan 2022422 saw a record number of megarounds($100M+)in Spain,greater than 2020and 2021 combined.Spanish megrounds in 2022CompanyInvestment sizeLocation and d

40、ate250M Growth EquityMadrid,Aug 2022206M Growth EquityMadrid,Aug 2022200M Series DBarcelona,Jan 2022122M Series CBarcelona,Mar 2022113M Series BBarcelona,Jul 2022109M Series CBarcelona,Oct 2022101M Series EBarcelona,Jan 2022100M Growth EquityMadrid,Apr 2022100M Series DMadrid,Jan 2022202020212022201

41、920002011120218Page/18 Private EquityCorporate InvestorsGlobal Investors active in SpainDESIGN CONTENTVenture CapitalSource:Dealroom.co.The logo shown are not exhaustive but a discretionary selection of the investors off the category.Series C+(Growth)(Pre)SeedSeries A/B(Early)G

42、PF Capital,Eurazeo,Marlin Equity Partners,Advent,Toma BravoSuma CapitalBeAble Capital,Nazca Capital,Oryon Universal,Dealroom QuerySuma CapitalGPF Capital,Eurazeo,Marlin Equity Partners,Advent,Toma BravoBeAble Capital,Nazca Capital,Oryon Universal,Softbank,Blackrock,Mubadala Capital,General Atlantic,

43、Sapphire Ventures and Insight Venture Partners,Tiger GlobalIn-Q-Tel,Accel,Creandum,Notion,Balderton,Felix Capital,CRV,GP Bullhound,Idinvest(Eurazeo)Y Combinator,500 Global,Techstars,SOSV,SV Angel,Right Side Capital Management,Antler Localglobe,Point 9 Capital,Profounders,Crane,Elaia Partners,Unlocki

44、ng Spains startup potential:bridging the early-stage and later-stage funding divide.Page/19 DESIGN CONTENTWe enjoy some key pillars for a healthy ecosystem,such as access to tech talent,modern infrastructures,great connectivity(fiber and 5G)and our unique positioning as a bridge between Europe and L

45、atAm.Besides this,our quality of life and the new entrepreneurship law,with favorable tax incentives,is attracting international talent and executives that can join our scale ups or build incredible startups.I am convinced that the percentage share of unicorns in our region will change significantly

46、 over the next 10 years as funding grows,we see more exits and connections with international funds and corporations improving knowledge.Sony,Spanish Red Cross,Goiko,and La Tagliatella are some of its clients.”“Miguel Arias General Partnerat KfundQUOTE ON LATE STAGE FUNDING/REACH OUT TO ENDEAVORAs p

47、roven elsewhere in Europe,local growth funds play an essential role in the maturation of entrepreneurial ecosystems.Alongside this,local corporate support via direct investments(CVCs)or as limited partners in funds is a key differentiator in boosting scale ups revenue generation and broader internat

48、ional market growth.This challenge is now being tackled with the first local early growth funds,like our own Leadwind fund with support from corporates such as Telefonica,BBVA,Proeduca or Go-Hub among others,or Andromeda by Seaya.We still have to further improve the exposure to European and internat

49、ional investors,establishing long term relationships and providing a sufficient track record.This is a must if we want to be able to create funds with equivalent sizes and scopes to our counterparts in Europe and the United States.”After series A,68%of growth funding comes from abroad and as a resul

50、t,more than 20%of scale ups in the region move their headquarters to other markets when they scale.This leads to loss of local wealth and job creation that could be captured.“Miguel Arias General Partnerat KfundPage/20 DESIGN CONTENTSource:Dealroom.co.Fever227M|Growth EquityMadrid Aug 2022Typeform13

51、5M|Series CBarcelona Mar 2022Impress113M|Series BBarcelona Jul 2022Clikalia78M|Late VCMadrid Feb 2022TAPP Water67M|Late VCBarcelona Aug 2022Splice Bio50M|Series ABarcelona Feb 2022Nautilus31M|Series EDerio Mar 2022Housfy30M|Series BBarcelona May 2022IriusRisk26M|Series BAragon Oct 2022Number of roun

52、ds with Corporate/CVFs investor participation in Spanish startups view online2003002022201920182017NAMEPROFILE URLRAISED(EUR M)DATEHasCorporate?Feverhttps:/app.dealroom.co/companies/fever206.4Jan/2022TRUETypeformhttps:/app.dealroom.co/companies/typeform122.7Mar/2022TRUEImpresshttps:/app.d

53、ealroom.co/companies/smile2impress113.6 Jul/2022TRUEClikaliahttps:/app.dealroom.co/companies/clicpiso78.2Feb/2022TRUETAPP Waterhttps:/app.dealroom.co/companies/tapp_water67.0Aug/2022TRUESplice Biohttps:/app.dealroom.co/companies/proteodesign50.0Feb/2022TRUENautilushttps:/app.dealroom.co/companies/na

54、utilus30.9Mar/2022TRUEBit2Mehttps:/app.dealroom.co/companies/bit2me30.0Sep/2022TRUEHousfyhttps:/app.dealroom.co/companies/housfy30.0May/2022TRUEIriusRiskhttps:/app.dealroom.co/companies/iriusrisk26.4Oct/2022TRUEPeptomychttps:/app.dealroom.co/companies/peptomyc26.1Jan/2022TRUE300Number of rounds with

55、 participation from Corporate investors reached an all-time high in 2022.Largest Corporate/CFVS rounds Spanish startups in 2022CompanyInvestment sizeLocation and date227M Growth EquityMadrid,Aug 2022135M Series CBarcelona,Mar 2022113M Series BBarcelona,Jul 202278M Late VCMadrid,Feb 202250M Series AB

56、arcelona,Feb 202231M Series EDerio,Mar 202230M Series BBarcelona,May 202226M Series BAragon,Oct 2022357Page/21 DESIGN CONTENTSource:Dealroom.co.VC Investment in Spain per investor type%VC Investment raised by Corporates/CVFs(2022)SwedenSwitzerlandGermanyUnited KingdomFranceNetherlandsSpain16%15%23%2

57、3%21%18%20%202B2B3B4B Venture Capital Corporate&Corporate Venture Fund Other5BCorporate VC investment in Spanish startups is on an upward trend,but remains proportionally lower than other European countries.Page/22 DESIGN CONTENTSource:Dealroom.co.TelefonicaSpain based Corporat

58、eInvests in Fund as direct affiliateSantander GroupMouro CapitalGlobal OmniumGoHub VenturesCemexCemex VenturesEnags Enags EmprendeInvestment Rounds examples from Spain to LATAM since 2021AccionaSpain based CorporateInvests in Fund as direct affiliateJME VenturesEnags Klima Energy Transition FundReps

59、olSC Net Zero Tech VenturesKalonia Venture PartnersBarcelona22M Series AAug 2022Jaguar Path VenturesMadrid15M Series AJan 2021Investment Rounds examples from Spain to LATAM since 2021Investment Rounds examples from Spain toLATAM since 2021FeverStockholm Founded in MadridEvent TechFactorialBarcelonaJ

60、obs RecruitmentDomestikaBerkeley,USAFounded in MadridEducationTravelPerkBarcelonaTravelSpain based CorporateInvests in Fund as direct affiliateSpain based CorporateInvests in Fund as direct affiliateSelected active CorporatesSpain based CorporateInvests in Fund as an LPBBVASpain-based CorporateInves

61、ts in Fund as LPKfund(Leadwind)Enags Klima EnergyRepsolSC Net Zero TechTelefnicaMutua MadrileaKibo VenturesTelefnicaSpain-based CorporateInvests in Fund as direct affiliateSantander GroupMouro CapitalGlobal OmniumGoHub VenturesCemexCemex VenturesEnags Enags EmprendeAn increasing number of Corporates

62、 invest in Spanish funds as LPs or direct affiliates.WayraKfund(Leadwind)4Spain&LatAm:cross-investment opportunitiesDESIGN CONTENTPage/24 DESIGN CONTENTSource:Dealroom.co.LATAM Startups with offices in Spain(and vice versa)Selected LatAm startups with offices in SpainKAVAKLATAM StartupsHQ locationSe

63、condary offices Across SpainMexico City,MexicoSantiago,ChileCordoba,ArgentinaAivoBetterflySelected Spain startups with offices in LatAmFactorialUnicornHQ locationSecondary offices Across SpainBarcelonaMexico City,So Paulo,Dominican RepublicCabifyMadridBogota,Buenos Aires,Mexico City,Lima,Montevideo,

64、Quito and SantiagoCobeeMadridMexico City Bridging the Atlantic:how LatAm startups are expanding into Spain,and vice versa.Link to BBVA report hereRead more about Spanish startups in LatAmProvided by Page/25 BrazilDESIGN CONTENTSource:Dealroom.co.Includes rounds in companies founded in Spain which re

65、located their HQ abroad.Koibanx,GoTrendier,DappDocket,Kanastra,Voltbras Treinta,Muncher,AlfredMexicoBrazilColombiaA Triumphant Trio:Mexico,Colombia,and Brazil Among Spains Top 10 VC RecipientsMexicoLatAm countries represent 3 of the top 10 recipients of Spanish VC investment,though the US remains th

66、e most attractive to Spanish investors.ColombiaUSNumber of rounds from Spanish investors in foreign startups Cumulated number of rounds 2018-2022LatAmUnited KingdomFranceGermanyPortugalIsraelBrazilColombia3228458Mexico49United States250Page/26 DESIGN CONTENTSource:Dealroom.co.BBVABilbaoSp

67、ain based Investor participated in roundNeonBrazil300M Series DFeb 2022Mundi VenturesMadridBetterflyChile125M Series CFeb 2022CopernionMadridMUNCHERColombia27M Series BNov 2022Kalonia Venture PartnersBarcelonaKoibanxMexico22M Series AAug 2022Besant CapitalMadridMinuMexico$10M Early VCFeb 2023raised

68、by a LatAm startupSelected investment rounds from Spain to LatAm in the last 18 monthsSelected investment rounds from Spanish investors into LatAm startups.Page/27 DESIGN CONTENTSource:Dealroom.co.*Current HQ,considers itself as local to the cities it operates in.LATAM investors with investment in S

69、panish startupsSEE MORESEE MORERobinfoodSinDelantalFlinkBelvoDappPrometeoSEE MORESEE MOREDocketAddiGupyVollMercadoniInstaleapBusqoUptime AnalyticsCoruMUYMadridSpain*MadridSpainMadridSpainBarcelonaSpainSpanish InvestorLATAM startups in their portfolioWayraDocket,Addi,Gupy,VollAxon Partners GroupMerca

70、doni,Instaleap,Busqo,Uptime AnalyticsSeayaCoru,MUY,RobinfoodKalonia Venture PartnersFlink,Belvo,Dapp,PrometeoLATAM InvestorSpanish Startups in their portfolioStartup ChileFracttal,Cabify,Glamping Hub,FilmijobCometaWallapop,Cabify,BNext,AtaniVariv CapitalCabify,Bewe.io,CornerJob,MIORANXTP LabsGearTra

71、nslations,Tutum,Flipter,MascotaNubeSEE MORESEE MORECornerJobMIORAGearTranslationsTutumFlipterMascotaNubeSEE MORESEE MOREFracttalCabifyGlamping HubFilmijobWallapopCabifyBNextAtaniCabifyBewe.ioSantiagoChileMexico CityMexicoMexico CityMexicoBuenos AiresArgentinaSpanish investors with investment in LatA

72、m startupsLatAm investors with investment in Spanish startupsExplore listExplore listSpanish investors are backing prominent LatAm startups,and vice versa.Page/28 DESIGN CONTENTSource:Dealroom.co.Undisclosed investors include any investors in which their original HQ location has not been disclosed p

73、ublicly.VC investment in LatAm startups view onlineInvestment per location of investors VC investment in Spanish startups view onlineInvestment per location of investors Europe USA Asia Rest of the World Undisclosed HQ Domestic20%40%60%100%80%20%40%60%100%80%11%Europe9%Asia7%Rest of WorldUSA14%Undis

74、closed 16%Domestic19%USA11%Undisclosed2.8%Rest of World27%Domestic3%AsiaEurope37%41%19.1%USA11%Undisclosed HQ2.8%Rest of World27.1%Domestic3%AsiaEuropean37%11.3%European9%Asia7.6%Rest of WorldUSA14.4%Undisclosed HQ16.5%Domestic41.2%LatAm startups still gather more interest from US investors however,

75、while European investors are the biggest contributors of VC investment in Spain.5Methodology&Acknowledgements.DESIGN CONTENTPage/30 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.coWhat is a

76、startup?Companies designed to grow fast.Generally,such companies are VC-investable businesses.When startups are successful,they develop into scaleups(50 people),grownups(500 people)and result in big companies.Only companies founded since 1990 are included in this report.What is a unicorn?Unicorns ar

77、e(former)startups that reached US$1B valuation or exit at one point in time.Underlying DataDealrooms proprietary database and software aggregate data from multiple sources:harvesting public information,user-submitted data verified by Dealroom,data engineering.All data is verified and curated with an

78、 extensive manual process.The data on which this report builds is available via app.dealroom.co.For more info please visit dealroom.co or contact supportdealroom.co.Venture Capital,InvestorsDomestic investors refer to Spanish investors.Europe investors includes the entire European continent,the UK a

79、nd Russia,but excludes Turkey and Spain.Investment are referred to by their round labels such as Seed,Series A,B,C,late stage,and growth equity.VC investments exclude debt,non-equity funding,lending capital and grants.Scope of the reportWhile many startups founded in Spain relocate beyond its the bo

80、rders,most maintain business-critical ties to their homelands.In order to take this reality into account,this report includes both Spain-based startups,which maintain their main center of business(HQ)in their country of origin,and Spain-founded startups,with their HQ relocated outside of Spain.Latin

81、 America refers to the region comprising of all the countries located in Central and South America,including those situated south of Mexico in the Americas continent.What is a startup?By Dealroom.coMethodology and definitionsPage/31 BBVA Spark is BBVAs comprehensive proposal of financial services to

82、 support innovative companies in their different growth stages.Spark allows these companies to cover all their financial needs in one place,as well as provides them with sophisticated financing products such as venture debt or growth loans.To do this,BBVA Spark offers a differential relationship mod

83、el with a team of specialists who speak the same language of high growth companies.DESIGN CONTENTToday,Endeavors network spans more than 40 countries and supports more than 2,400 entrepreneurs,whose companies generate combined revenues of over$42B,have created more than 3.4M jobs,and,in 2021,raised

84、over$12.3B in capital.Endeavors unique entrepreneur-first model and network of trust provide a platform for founders to dream big,scale up,and pay it forward to the next generation of entrepreneurs.Kfund is a family of funds with more than 450m in AUM that invests 100k to 10M across Southern Europe

85、and LatAm in entrepreneurs with the capacity to create differentiated technology-based products and services.We invest 100K to 10M in entrepreneurs with the capacity to create differentiated technology-based products and services.All through simple and easy to understand terms.GoHub Ventures is a 60

86、M fund focused on B2B SaaS startups with a strong technological component as differentiation.GoHub Ventures invests from Seed to Series A stages with ticket sizes ranging from 1M to 5M in Europe,the United States,and Hispam(Spanish speaking countries)National startup ecosystem facilitatorHelps innov

87、ative and technological companies growLeading global community of,by,and for High-Impact Entrepreneurs those who dream bigger,scale faster,and pay it forward.Dealroom.co is the foremost data provider on startup,early-stage and growth company ecosystems in Europe and around the globe.Founded in Amste

88、rdam in 2013,we now work with many of the worlds most prominent investors,entrepreneurs and government organizations to provide transparency,analysis and insights on venture capital activity.Our offerings include data sets via SaaS and API as well as custom reports and bespoke ecosystem platforms.Gl

89、obal startup&venture capital intelligence platformVC fund of Global Omnium,investing in B2B deep tech startups with disruptive solutions.Page/32 The Associations mission is to connect the players in the industry in Spain,representing their interests before the Government,media and public opinion,bot

90、h nationally and internationally,through alliances and synergies in Europe and Latin America.DESIGN CONTENTKibo Ventures is a leading Venture Capital manager in southern Europe,with 300 million euros of assets under management and a presence in Madrid,Barcelona and Lisbon.Kibo Ventures has backed 70

91、 companies,including global category leaders such as Flywire,Job and Talent,Devo,Clarity or Tier.As part of its Startups program,the Foundation provides the Spanish Startups Observatory,an interactive open tool which tracks investment in startups since 2018.Knowledge partnersThe Associations mission

92、 is to connect the players in the industry in Spain,representing their interests before the Government,media and public opinion,both nationally and internationally,through alliances and synergies in Europe and Latin America.Its objectives include establishing an appropriate regulatory framework for

93、the sector and communicating the positive impact of its activities on the industrial fabric,job creation and promote sustainability.National startupEcosystem facilitatorSPAINCAP is the association that brings together Venture Capital&Private Equity firms in Spain,as well as their LPsThe Bankinter In

94、novationFoundation mission is to foster innovation and entrepreneurship in Spain.SPAINCAP is the association that brings together Venture Capital&Private Equity firms in Spain,as well as their investors,including insurance companies and pension funds.The members of SPAINCAP make mid-to long-term inv

95、estments in unlisted companies,from start ups to consolidated companies,providing not only stable financing through equity,but also innovation and management support.The Associations mission is to connect the players in the industry in Spain,representing their interests before the Government,media a

96、nd public opinion,both nationally and internationally,through alliances and synergies in Europe and Latin America.The Bankinter Innovation Foundation mission is to foster innovation and entrepreneurship in Spain.As part of its Startups program,the Foundation provides the Spanish Startups Observatory

97、,an interactive open tool which tracks investment in startups since 2018.Since 2012,Kibo Ventures has built one of the largest VC teams in Southern Europe.Kibo Ventures team and investors are committed to impact,diversity and believe in driving global positive impact while achieving top returns.They

98、 include social and environmental criteria in our investments.Recently Kibo Ventures launched Nzyme,a new 200m technology private equity fund focused on the big untapped opportunity of transforming highly fragmented and under-innovated industries where technology can play a key role.Empowering European tech entrepreneursBrings together Venture Capital&Private Equity firms in Spain Transform society through innovation