1、Spanish Tech Ecosystem.October 2021Work in progressWhy this reportASCRI is the association that brings together Venture Capital & Private Equity firms in Spain, representing their interests. As a participant in the UN Global Compact, one of ASCRIs main objectives is to promote the sustainability of

2、its members and their investee companies.Kibo Ventures is a sector-agnostic European early-stage VC based in Spain with 240M AUM, 60+ investments, 10+ relevant exits, 3 unicorns and 1 IPO. The High Commissioner for Spain Entrepreneurial Nation is the authority in the Presidency of the Government of

3、Spain responsible for promoting the Spain Entrepreneurial Nation Strategy, a plan that aims to generate a new economic model based on innovative entrepreneurship.Dealroom.co is the foremost data provider on startup, early-stage and growth company ecosystems in Europe and around the globe. Spain has

4、been a startup ecosystem flying under the international radar. This new report, bringing together leading players in the Spanish tech ecosystem for the first time, looks to shine a light on the growth dynamics and challenges for the burgeoning tech ecosystems of Spain.Madrid and Barcelona are now es

5、tablished, attractive startup hubs, but many other towns and cities are now fostering startup activity and attracting investor attention.Excluding outlier megarounds, VC investment in Spanish startups grew faster than any other country in Europe besides the Netherlands in the first half of 2021.And

6、yet there is still huge capacity for growth. Investment is still largely dominated by domestic players, and addressing key challenges around talent could unlock significant ecosystem growth.This report lays out the state of play in Spanish tech, startups and VC.Endeavor is the worlds leading communi

7、ty of high-impact entrepreneurs promoting economic, social and cultural transformation by selecting, supporting and investing in the growth of the worlds best entrepreneurs and their scaleups.ENISA is an State-owned company belonging to the Ministry of Industry, Trade and Tourism, that since 1982 ha

8、s actively participated in the financing of viable and innovative projects, promoted by SMEs and entrepreneurs.Page / 3 The Spanish startup ecosystem has grown 5x in value since 2015.The combined value of the Spanish startup ecosystem has reached 46B, up from 10B in 2015. The growth is driven by the

9、 emergence of homegrown Spanish unicorns like Glovo, Wallbox and Flywire.Venture Capital investment is growing rapidly in Spain, led by startups in Barcelona and Madrid.VC investment in Spain has grown 3.8x year on year in 2021, to an all-time high of 1.9B invested in the first six months of the yea

10、r. More investment has been raised in H1 2021 than in all of 2020. But, there is still significant room for growth.Spanish startup investment is dominated by Spanish and European investors, just 15% of capital came from outside of Europe in 2020. Key takeawaysSource: dealroom.co3The Spanish startup

11、ecosystemVenture capital and investment trendsInvestor landscape 12Table of contents3The Spanish startup ecosystem1Page / 6 Combined enterprise value* of the Spanish ecosystem The Spanish startup ecosystem has grown 5x in value since 2015. Spanish startups are now worth a combined 46B.15B8B20B7B46 b

12、illion2015Today10 billion Unicorns Future Unicorn 200M-800M Rest of ecosystemMost valuable tech Spanish companies founded after 2000NameHQFoundedValuationValencia20113.2BBarcelona20152.0BBarcelona20151.4BBarcelona20151.4BMadrid20111.3BMadrid2009800M Adevinta: not a start-up and comes from Schibsted

13、Spain, the Spanish subsidiary from Schibsted (Norwegian) that bought a canadian company that owned some spanish portals like Segundamano or Infojobs. Allfunds: not a start-up-idealista was before 2000 - this is not correct - change by Jobandtalent 800mSource: Dealroom.co* Sum of the valuations of al

14、l startups in the ecosystem founded after 2000. Using estimated valuations based on most recent VC rounds, public markets and publicly disclosed valuations as of July 1st, 2021. Page / 7 13B12B12BLondonBerlinStockholmAmsterdamParisMunichHelsinkiBarcelonaBaselManchesterMadridOxfordDublinCambridgeOslo

15、MilanHamburgSource: Dealroom.co.* Sum of the valuations of all startups in the ecosystem founded after 2000. Using estimated valuations based on most recent VC rounds, public markets and publicly disclosed valuations as of July 1st, 2021. 306B141B119B94B91B33B9B26B19B18B16B14B11B10BCombined enterpri

16、se value* by European hub Barcelona and Madrid are the most valuable Spanish startup hubs, based on startups founded since 2000.Page / 8 There is still significant room for growth in the Spanish startup ecosystem, as investment per capita still trails the European average.Venture capital funding per

17、 capita in 2021E1,209Sweden 435UK 370Netherlands 183Germany 136France 77Spain 13Italy 9PortugalVenture capital funding per capita 2016-2021ESource: Dealroom.co.Note: 2021 investment is based on Jan-Jun.Page / 9 $1B+ tech companiesCompanies founded after 2000Combined value 15 billionSeries A+ scaleup

18、s300+ scaleupsCombined value 24 billionPre-funded & Seed startups10.2K+ startupsCombined enterprise value 7 billion Spain is home to more than 10.5k startups, with a vibrant pool of 300+ scaleups and many future unicorns. Remove Allfunds (maybe filtering by founded after 2005 we keep all of them but

19、 Allfunds) Imho we should at least include all the companies we will showcase in the report (e.g. Clarity, Holaluz,.)Source: dealroom.co. Not exhaustive.QuibimVivebiotechPulpo (Formerly Pulpomatic)iriusriskLandbotOdilo (Spain)Hdiv SecurityIOMED Medical SolutionsCaraveloPaloBiofarmaBDI BiotechMultive

20、rse ComputingSales LayerPLEXIGRIDReloadlyDixperECustoms (SPain)TucuviExplore every Spanish startup online.Page / 10 Funding by top tier hub in the US VC Investment200015-2020 CAGRBay area$ 38.4B$ 25.5B$ 30.8B$ 52.5B$ 49.8B$ 54.2B7%New York$ 8.9B$ 11.0B$ 15.9B$ 16.8B$ 15.6B$ 15.

21、1B11%Boston Area$ 6.0B$ 5.2B$ 7.5B$ 11.8B$ 9.1B$ 11.8B15%Los Angeles$ 5.4B$ 5.3B$ 4.2B$ 7.2B$ 8.0B$ 10.2B14%San Diego$ 1.2B$ 1.4B$ 1.2B$ 3.5B$ 2.3B$ 4.8B32%Seattle$ 1.3B$ 1.0B$ 1.3B$ 1.7B$ 1.9B$ 3.9B25%Austin$ 2.0B$ 1.0B$ 1.2B$ 1.3B$ 1.9B$ 2.2B1%Chicago$ 1.2B$ 1.0B$ 1.7B$ 1.8B$ 1.3B$ 2.2B12%Atlanta$

22、 0.5B$ 0.4B$ 0.6B$ 0.8B$ 1.1B$ 1.6B28%Houston$ 1.2B$ 1.4B$ 0.4B$ 0.4B$ 1.0B$ 0.4B-19%Dallas$ 0.3B$ 1.1B$ 0.4B$ 0.6B$ 1.4B$ 0.8B19%Pittsburgh$ 0.1B$ 0.1B$ 1.2B$ 0.1B$ 0.2B$ 2.8B81%Denver$ 1.2B$ 0.4B$ 0.4B$ 0.7B$ 0.4B$ 1.1B-2%Arlington$ 0.6B$ 1.3B$ 0.1B$ 0.1B$ 1.4B$ 0.3B-13%Washington$ 0.5B$ 0.3B$ 0.6

23、B$ 1.1B$ 0.5B$ 0.7B4%Cary$ 0.0B$ 0.0B$ 0.0B$ 1.3B$ 0.0B$ 1.8B120%Philadelphia$ 0.1B$ 0.2B$ 0.1B$ 0.4B$ 1.5B$ 0.7B42%Minneapolis$ 0.3B$ 0.3B$ 0.3B$ 0.6B$ 0.9B$ 0.8B25%Gardena$ 0.0B$ 0.0B$ 0.0B$ 2.0B$ 0.8B$ 0.0B84%Boulder$ 0.2B$ 0.2B$ 0.2B$ 1.1B$ 0.5B$ 0.5B24%HubRegionCountryNew unicorns since 2020Bay

24、 areaUSA and CanadaUnited States131New YorkUSA and CanadaUnited States70Los AngelesUSA and CanadaUnited States22LondonEuropeUnited Kingdom20BeijingAsiaChina19Boston metroUSA and CanadaUnited States18Tel AvivAsiaIsrael13ChicagoUSA and CanadaUnited States10Salt Lake CityUSA and CanadaUnited States10Pa

25、risEuropeFrance9HubRegionCountryNew unicorns since 2020LondonEuropeUnited Kingdom20ParisEuropeFrance9BerlinEuropeGermany7MunichEuropeGermany6StockholmEuropeSweden5AmsterdamEuropeNetherlands4OsloEuropeNorway3MalmEuropeSweden3ViennaEuropeAustria2HelsinkiEuropeFinland2INDUSTRIESFintechMusicFashionHealt

26、hFood+25 moreSUB-INDUSTRIESBankingBusiness travelCloud & infraData protectionFitness+150 more.INCOME STREAMSSubscriptionCommissionAdvertisingSelling own inventoryBUSINESS MODELSManufacturingSaaSMarketplace & eCommerceTECHNOLOGIESDeep techAI & ML3D printingBlockchainHardwareIOT+13 more.SDGsQuality ed

27、ucationReduced inequalitiesNo poverty+14 more.Page / 11 Source: https:/public.flourish.studio/story/279152/May 2020 Spanish fastest-growing startups of the last 10 years.Source: Dealroom.co. * Using estimated valuations based on most recent VC rounds, public markets and publicly disclosed valuations

28、 as of July 1st, 2021.$1B$2.5B$5B$10B$25B$50B$100B200520005201020152020Enterprise value *$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5BJobandtalent (last valuation is higher). Details here: https:/ Pierre Co-Founder & CEOAI- based chatbot that helps in primary care to analyse initial user symptoms.

29、Babylon helps patients and professionals to proceed to diagnosis and treatment sooner. “The Spanish ecosystem has evolved in many aspects: the quantity and quality of entrepreneurs, the number of investors and especially, the ambition” “When we started Glovo, it was unimaginable that a Spanish entre

30、preneur would create a global champion. Nevertheless, were still at the end of the queue in Europe. Some neighbouring countries such as France, Germany or some Nordic countries are 5 or 10 years ahead of us.“One of the biggest challenges and opportunities of scaling a startup in Spain is the access

31、to capital. Big funds are still too far away, not physically present in Spain, neither focusing enough here. Also, the access to talent. The Government could be helping a lot more with modern tax laws that help with the attraction of talent.” Read the full interviewPage / 13 Number of potential futu

32、re unicornsSpain has a strong scaleup pipeline, ranking 5th in Europe by the number of potential future unicorns. United KingdomGermanyFranceSwitzerlandSpainNetherlandsIrelandDenmarkSwedenBelgiumFinland0Source: Dealroom.co. A future unicorn is a company valued at 200M-800M, tha

33、t has raised investment in the last five years.LondonParisBerlinMunichAmsterdamStockholmCopenhagenDublinBarcelonaMadridMilan121212998Spanish future unicorns Some companies here are not startups neither tech-based companies: Soto Solar, Kosmos tenis Some companies not Spanish: Wind One que

34、stion: is the future unicorn criteria (A future unicorn is a company valued at $250M-$1B, that has raised investment in the last five years.) standard across other reports on european ecosystem? A suggestion: can we check how many companies and which companies meet these criteria (to see if we feel

35、the ones from this queries fit with our future unicorns criteria: o Founded after 2005, raised more than $100m, from which at least $30m in the last 3 yearo Founded after 2005, raised more than $50m in the last 3 years You can check this post to see some of the relevant companies coming out of spain

36、https:/ CITYnumberLondon105Paris43Berlin30Munich15Amsterdam14Stockholm12Copenhagen12Dublin12Barcelona10Madrid8Milan8Zug7Helsinki6Zug7Helsinki6Page / 14 TikoTaxDownCircularClick&SavourSnowball effect is in full force in Spain. Mature Spanish startups are a breeding ground for new entrepreneurial tale

37、nt.Wallapop JobandtalentTuentiJobandtalentFlywire (Iker Marcaide) -Zubi Labs, CoCircular In my mind we have these relevant mafias: eDreams (Deporvillage, Uvinum), Privalia (Housell, Gymforless, O11h) , Tuenti (Jobandtalent, ), Wallapop (Travelperk, Antai) And some new mafias which I feel is very rel

38、evant to showcase like: TravelPerk (Abacum, Oliva), Glovo (see here), Jobantdalent (TaxDown, Circular)PlaytomicKarumiWegowConsentioSpanish startup founder factories view online The BrubakerAlma MobilityTinybirdAll Iron VenturesLbereTicketbisAntai Venture BuilderRiskallayElma CareProntoPisoGlovoNemur

39、uSingularCover LetsBonusBeanstockBlokDiHolaRentyQoalaDelitbeeRegalityRentyNunaEnzo VenturesPoke HouseVermutShopYourFitDiHolaEnzo VenturesZubi LabsCoCircularFlywireDeporvillageeDreamsUvinumMisterflyeko.aiPrivalia011hMukakoGroupaliaGym for lessHousellLANAI PartnersHousfySource: dealroom.coZubi LabsCoC

40、ircularFlywire View more onlineJuan Urdiales Co-founder & Co-CEOAI- based chatbot that helps in primary care to analyse initial user symptoms. Babylon helps patients and professionals to proceed to diagnosis and treatment sooner. “We think that by creating a big and sustainable company, we are showi

41、ng that Spain is a place you can build global category winners.” “I see two main challenges for the Spanish startup ecosystem. a) We still have not demonstrated our ecosystem is capable of creating 10bn+ scaleups, so it is still harder to attract big money from investors than in other countries (UK,

42、 Sweden, Germany, etc). And b) From the talent perspective, there is a lack of experienced talent in certain areas. “On the other hand, the big opportunity is talent, as there is less competition for the top profiles, so it is easier to attract top talent and build a more engaged team; and as we all

43、 know, talent is the key for the success of any given company.“We are conscious of the responsibility that we have as founders of one of the biggest tech companies in our country. We think that by creating a big and sustainable company that is the global leader of such a big new category we are help

44、ing the whole ecosystem, and we are showing that Spain is a place where you can build global category winners.” Read the full interviewVenture capital and investment trends2Page / 17 Page / 17 Venture capital investment in Spain view online VC investment in Spain is on an upward trend. 1.9 billion w

45、as invested in Spanish startups in the first half of 2021.0.7B0.7B1.0B1.6B1.7B1.1B20202001620152021E48M Series CBarcelona30M Series ABarcelona24M Series BMadrid19M Series BValencia17M Late VCMadrid15M Series ABarcelona15M Growth EquityDonostia- San Sebastian14M Series BBarcelona14M Series

46、 BMadrid13M Series BMadridH1 2015H1 2016H1 2017H1 2018H1 2019H1 2020H1 20213.8xBiggest VC rounds of 2021 view online Source: dealroom.coPage / 18 Cumulative venture capital investment amount from January to June, rounds below 250MCompared with other European countries, Spain has been one of the fast

47、est growing in the first half of 2021 by excluding rounds above 250M. Source: dealroom.coH1 2020H1 2021Growth H1 2021 vs. H1 2020Netherlands0.4B1.4BSpain0.5B1.5BItaly0.2B0.5BNordics1.6B3.5BGermany2.4B5.1BUnited Kingdom5.0B9.8BSwitzerland0.9B1.5BFrance2.6B3.8BBelgium0.5B0.7BPortugal44.6M48.2M3.2x2.9x

48、2.5x2.2x2.1x2.0x1.7x1.5x1.3x1.1xPage / 19 Barcelona and Madrid are the most established Spanish tech hubs, but startups are also raising capital in all regions of Spain.2.4B1.7B161.8M92.6M82.9MTotal VC investment Spanish hubs (2015-H1 2021)4.6B2.8B506M123M110M88M62M57M56M40MRegion2015-H1 2021Barcelo

49、na4,556.6MMadrid2,843.5MValencia506.3MAlicante122.5MPalma109.9MBilbao88.4MDonostia-San Sebastian62.0MSeville57.0MSalamanca55.9MCdiz39.6MMalaga34.9MLa Coruna21.2MBarcelonaMadridValenciaAlicantePalmaBilbaoDonostia-San SebastianSevilleSalamancaCadizMalagaLa Coruna35M21MSource: dealroom.coPage / 20 Tran

50、sportation and enterprise software are the top categories in Spain by VC investment.Venture capital investment in Spain view onlineHealthHealthtech, biotechTransportationMobility, logistics & deliveryEnterprise SoftwareFintechMost funded Spanish startups by industry2001820192020H1 2021Tra

51、nsportationEnterprise softwareFoodFintechHealthTravelMarketingEnergyEducationSource: dealroom.coPage / 21 The Spanish investment landscape is maturing, with more capital being invested at later stage.% of investment in Spain by round type view onlineSource: Dealroom.co.Note: The labels “Seed”, “Seri

52、es A” are standardised labels per Dealroom.co method, not the reported labels as they are not consistently applied.Seed 1M-4MSeries A 4M-15MSeries B 15M-40MSeries C 40M-100MMegarounds 100M-250MMegarounds plus 250M+Investor landscape 3Page / 23 Source: Dealroom.co. May 2020 Spanish venture capital is

53、 dominated by Spanish and European investors. DomesticCross-border EuropeanRest of WorldAsiaUSA% of investment in Spain by source of capital view onlineSource: Dealroom.co. Rest of WorldPage / 24 Source: Dealroom.co. May 2020 Larger rounds drive most of the increase in venture capital. And these lar

54、ger rounds are predominantly funded by foreign investors.Spanish CapitalForeign Capital % of investment in Spain (2015-H1 2021) by source and round sizeSource: Dealroom.co estimates.Note: the labels “Seed”, “Series A” are standardised labels per Dealroom.co method, not the reported labels as they ar

55、e not consistently applied.Page / 25 Source: Dealroom.co. May 2020 Spanish VCs have already announced record levels of dry powder ready to deploy.New funds raised by Spanish VCs view online Source: Dealroom.co. 100M100M250M216M157M150M150M120M66MOver 1.8 billion raised by Spanish VCs in 2020-2021 al

56、one. Ander Michelena Founding PartnerInternational VCs are increasingly looking into Spain as a source of deal flow, there is no doubt about it.“Dealflow in Spain continues to increase and improve, and that is a consequence of the ongoing development of the whole Spanish startup ecosystem. Spain sti

57、ll needs to catch up with more developed European ecosystems, but things are undoubtedly evolving in the right direction.“The quality of entrepreneurs is improving, the number and professionalism of VCs are growing, the appetite of LPs for the VC asset class is raising, plus the Government is trying

58、 to push on the entrepreneurial front with different plans in motion. All these factors are definitely relevant in shaping our ecosystem.” Read the full interviewPage / 27 Its not all about VCs. In 2020, corporates and other ecosystem enablers account for over 30% of the total capital invested in th

59、e region.OtherCorporateCorporate VCVenture Capital% of investment in Spain by investor type view onlineSource: dealroom.coAndrea Barber Lazcano CEO and Co-founderThe main challenge is the lack of references about next steps to be taken, what success & failure looks like.“At the same time, this opens

60、 a full array of possibilities. In Spain, we have a blooming startup ecosystem supported by private and public initiatives, strong universities, exceptional talent, and privileged living conditions. All this combined sets strong foundations for setting and scaling a startup in Spain.” Read the full

61、interviewPage / 29 The Spanish investor landscape is made up of local and international VCs, as well as corporate venture arms, angels and government-backed initiatives.Source: Dealroom.co. Not exhaustive. Not included regional public investors.Local VCs ordered from seed to series B+ stageEntities

62、- Type - Nr rounds/investment since 2018Sabadell Bank-Sabadell Venture Capital - CVC - 27x-Innocells-BStartUp10 - cvc - 12xSoftbank 2x 100M+ proportionateDelivery Hero 3x 100M+ proportionateCaixa Capital Risk - CVC- 18xEnagas - CVC - energy transition 14x portfolioCrowdcube - crowdfunding- 32xThe Cr

63、owd angel - crowdfunding -25xFellow Funders - crowdfunding- 18xWayra - accelerator - 23xEIT Innoenergy - accelerator - 14xTheVentureCity - accelerator - 13xGoHub - accelerator - 12xEuropean Innovation Council - gvt- 15xSabadell Bank-Sabadell VC-Innocells-BStartup10EnisaCaixa Capital RiskEnagasCrowdc

64、ubeThe Crowd AngelFellow FundersWayraEIT Innoenergy TheVentureCityGoHubEuropean Innovation CouncilLocal VCRemove: archipilago next, Cabiedes partners, urica, nina capital, alta life sciences, Lanai,Include; 4Founders Capital, Axon, Bullnet, Inveready, Sabadell Venture Capital, YsiosOther Remove: BBV

65、A and Santander (they invest out of Spain)Inlcude: Repsol, CDTI, AEBAN, Bigban Angels, Start up Valencia, Barcelona Tech City, Barcelona Global, Biscay Start up Bay, Espaa Nacin Emprendedora, EndeavorSpanish investors view online Active foreign VCs ordered from seed to series B+ stageOther investor

66、types & ecosystem enablers (local and foreign)Page / 30 Source: Dealroom.co. May 2020 Spain is generating significant exit success stories, helping to put Spain on the global map.CompanyLocationTransactionAcquirer(s)InvestorsMasmovilTelecommunications operatorMadrid (HQ)5.3B BuyoutNov 2020Cinven, KK

67、R, Providence Equity PartnersGala Capital, Fides Capital, Inveready FlywireGlobal payments-enablementBoston, USA (HQ)Valencia (founding location)$3.5B IPOMay 2021-Kibo Ventures, Accel, Spark Capital, Eight Roads Ventures, Balderton CapitalWallboxSmart charging and energy solutionsBarcelona (HQ)$1.5B

68、 SPAC IPOJun 2021-Seaya Ventures, Iberdrola, Endeavor Catalyst, Cathay InnovationeDreams ODIGEOOnline travel platformBarcelona (HQ)$1.5B IPOApr 2014-IdealistaOnline real estate platformMadrid (HQ)1.3B BuyoutSep 2020EQT GroupBonsai Venture Capital, Apax PartnersIgenomixReproductive health testsValenc

69、ia (HQ)1.3B AcquisitionJul 2021VitrolifeAmadeus Capital Partners, EQT GroupPRIVALIA Online fashionBarcelona (founding location)$500M AcquisitionApr 2016VeepeeNauta Capital, General Atlantic, Index Ventures, Insight PartnersAlienVaultCybersecurity toolsSan Mateo, USA (HQ)Madrid (founding location)500

70、M AcquisitionAug 2018AT&TAdara Ventures, Kleiner Perkins, Intel Capital, Trident CapitalCoverWalletInsurance for SMEs.New York, USA (HQ)Madrid (founding location)$300M AcquisitionJan 2020AonKibo Ventures, Index Ventures, Two Sigma Ventures, Union Square VenturesSocial PointGame developerBarcelona (H

71、Q)230M AcquisitionFeb 2017Take-TwoNauta Capital, Eurazeo, Highland Europe, 83North, BBVAHolaluzGreen electricity supplierBarcelona (HQ)200M IPONov 2019-Enisa, Axon Partners Group Some relevant things missing here: Holded acquired by Visma, PlayGigas acquired by Facebook, Vylinx acquired by fruit com

72、pany, Wallbox SPAC, . if you share a list with Spainish exits in the last 10 years that you have registered in Dealroom we can help you decide relevant onesSource: dealroom.coSpanish exits view online Enric Asuncin Co-founder & CEO“There is now an excellent ecosystem in place in Barcelona for the au

73、tomotive and engineering industry, a great network of electronic system providers and most importantly, there is talent.” “We hope our SPAC transaction will help raise the profile of Barcelonas tech ecosystem and build trust among the investor community in Barcelona and Spains potential for innovati

74、on, further opening up global opportunities for new and emerging companies. We are maintaining our HQ in Barcelona, Spain and will continue to employ over 600 people here in Spain, which we plan to grow in the coming years.”“The biggest challenge for us proved to also be a great opportunity. Wallbox

75、 was created in a market where the electric car was practically non-existent, which forced us to sell internationally, and become a global player from day one - this is now one of our key differentiators.” Read the full interviewPage / 32 Source: Dealroom.co. May 2020 eBay, Facebook and Apple have a

76、ll been shopping for acquisitions in Spain.CompanyLocationTransactionAcquirer(s)InvestorsSTAT-DxDevelopment of diagnostic solutionsBarcelona (HQ)$191M AcquisitionFeb 2018QiagenYsios Capital, Eurazeo, Gilde Healthcare, Caixa Capital RiscTicketbisTicket marketplace Bilbao (HQ)$165M AcquisitionMay 2016

77、eBayActive Venture Partners, FJ LabsHoldedBusiness Management SoftwareBarcelona (HQ)120M AcquisitionJun 2021VISMANauta Capital, Elaia Partners, Encomenda Smart Capital, Lakestar Mitula Group“Vertical search” website operatorMadrid (HQ)118M AcquisitionMay 2018Lifull Co-BipiCar subscriptionsMadrid (HQ

78、)100M AcquisitionJul 2021RCI Bank and Services (Renault Group)Kibo Ventures, Avianta Capital, TA Ventures, Toyota Ventures, Adevinta La Nevera RojaOnline food takeawayMadrid (HQ)80M AcquisitionFeb 2015FoodpandaCaixa BankTrovitAggregator of offersBarcelona (HQ)80M AcquisitionOct 2014Lifull (Next Co.)

79、Caixa Capital RiscPlayGigasCloud gamingMadrid (HQ)70M AcquisitionDec 2019FacebookAdara Ventures, Caixa Capital Risc, Bankinter, Inveready VilynxSelf-Learning AI VideoBarcelona (HQ)$50M AcquisitionOct 2020AppleCaixa Capital Risc, Kibo Ventures, Ridgewood CapitaliSaludOnline comparison for health insu

80、ranceBarcelona (HQ)30M AcquisitionJan 2018CNP AssurancesInveready, Mediaset EspaaRevelock (Buguroo)Cybersecurity solutionsMadrid (HQ)AcquisitionSep 2021FeedzaiInveready, Sadabell Venture Capital, Seaya Ventures, Conexo Ventures Some relevant things missing here: Holded acquired by Visma, PlayGigas a

81、cquired by Facebook, Vylinx acquired by fruit company, Wallbox SPAC, . if you share a list with Spainish exits in the last 10 years that you have registered in Dealroom we can help you decide relevant onesSource: dealroom.coSpanish exits view online Put your startup on the map.Page / 33 Let the best

82、 VCs find youAttract top talentContribute to an open datasetClaim your profile!Page / 34 Methodology & definitions.Venture capital investmentInvestment numbers refer to rounds such as Seed, Series A, B, C late stage, and growth equity roundsVenture capital investment figures exclude debt or other no

83、n-equity funding, lending capital, grants and ICOs.Buyouts, M&A, secondary rounds, and IPOs are treated as exits: excluded from funding data.Investment rounds are sourced from public disclosures including press releases, news, filings and verified user-submitted information.Data sources used in this

84、 reportDealrooms proprietary database and software aggregate data from multiple sources: harvesting public information, user-generated data verified by Dealroom, data engineering. All data is verified and curated manually. For more info, please visit dealroom.co or contact supportdealroom.co Startup

85、s, scaleups, grownups and techCompanies designed to grow fast. Generally, such companies are VC-investable businesses. Sometimes they can become very big (e.g. $1B+ valuation). In this report, the term “tech ecosystem” refers to startups, scaleups grownups from different vintages/cohorts. Only compa

86、nies founded after 1990 are included in this report. We consider 1990 as the first decade for internet & information age companies to scale.Company valuations (public & private)Company valuations are based on their market capitalization (public) or latest transaction value. Share price are usually t

87、aken around the publishing date of the report.For private companies, the valuation is taken from their exit or implied unrealised valuation from the latest VC round, which is either announced or estimated by Dealroom based on market benchmarks.Geographic scope of this reportThe geographic scope is mentioned on individual pages. Company and investor locations are based on their current HQ and founding location for specific cases (i.e. Flywire, Clarity AI, Letgo, Fever).For some cities, we take the greater metro to include surrounding suburbs (for instance in Madrid). Source: dealroom.co