Startup Observatory Annual Report 2024

Investment trends in Spain 2024

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Investment volume

Investment volume

In 2024, investment in startups exceeded €3.1 billion, marking a 36% increase compared to the previous year.
Investment rounds

Investment rounds

Investor appetite for larger funding rounds is increasing, while it is decreasing in early-stage rounds.

Investment rounds funded exclusively by international funds have grown by 134% compared to 2023.

Investment focuses

Investment focuses

Barcelona leads in attracting startup funding, accounting for more than 50% of national investment and surpassing €1.6 billion raised.

Investment by sectors

Investment by sectors

The Fintech sector stands out in 2024, capturing one-third of the total investment volume in startups in Spain.

Major founding rounds

Major founding rounds

The fintech company Sequra has raised €410 million in investment in 2024, positioning itself as the fifth-largest funding round in the history of Spanish entrepreneurship, surpassed only by Clickalia, Glovo, Job & Talent, and Letgo.
Exits

Exits

Amadeus continues to be a benchmark in corporate innovation, acquiring Vision-Box and Voxel for €320 million and €113 million, respectively.