How to make the Spanish entrepreneurial ecosystem more transparent

Startupxplore invests in technological and scalable startups, in rounds between seed and series A. Javier Megias, its CEO and founder, explains it to us first-hand.

A few weeks ago, Javier Megias, CEO and Founder of Startupxplore, was at our Bankinter headquarters telling us about his experience as an entrepreneur.

After founding a .com in 2000 that burst with the bubble, Javier joined the Board of Directors of a multinational to work on one of his passions; the different business models and investment. A short time later, the Government of Israel hired him to do a study on the Israeli investment ecosystem. Carrying out this study , he realised that in Spain there was a lack of transparency; something that would give visibility and transparency to the entrepreneurial ecosystem.

From this idea was born Startup Spain Map, a map of entrepreneurs and investors in Spain, which was the germ of Startupxplore, which today is a community of more than 33 thousand entrepreneurs and 14 thousand investors.

At Startupxplore, entrepreneurs describe what they offer and investors what they are looking for. In this way, two problems are solved at once: both the transparency of the elements and the operations in the ecosystem. This allows the investor to be trained and to promote collaboration and co-investment. Since its creation, Startupxplore has carried out 25 operations with more than €2 million of investment.

Startupxplore receives and searches for the best Spanish startup projects, selects them and validates their product and business model, to then offer its investors the best investment opportunities.

Investments made through the Startupxplore platform are always in co-investment mode (several investors have to coincide in the same operation), since, to date, these investments have the best success rate in Europe with 93%.

When we talk about investment success rate, it means that out of every 100 investment processes initiated on the Startupxplore platform, 93 of them end up with all the money that the startup requests in that investment round.

In the following video, it is Javier Megias himself who explains how Startupxplore works:

Click here to be part of the Startupxplore community, learn about the conditions for startups and investors, investment requirements or even access the first online investor training course.