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The Scaleup Spain Network has released its inaugural report examining the impact of scaleups—startups with more than one million euros in turnover and rapid growth—on Spain’s economy. Based on a study of 91 such companies, the report analyzes key factors including employment generation, wealth creation, geographic distribution, gender perspectives, and investment attraction both domestically and internationally. Despite challenges posed by the pandemic, Spanish scaleups demonstrated resilience and are projected to continue growing robustly.
Key findings highlight that in 2021, these companies collectively achieved a turnover of 3,167 million euros, marking a 91% increase from 2020. Employment growth was particularly notable, with jobs created expected to exceed 671,500 in 2021—more than double the previous year’s figures. In terms of investment, 45% of scaleups’ capital currently comes from Spanish investors, although there is a clear trend toward securing more international financing. The report further details the unique characteristics of scaleups, their sectoral distribution, and primary locations, underscoring their crucial role and potential within Spain’s economic landscape.
Overall, the report serves as a vital resource for understanding the dynamics of scaleups in Spain and highlights their significant contribution to economic growth and job creation. The full report and presentation are accessible online for those seeking deeper insights.
Report on the Impact of Scaleups on the Spanish Economy by Scaleup Spain Network.
Scaleup Spain Network presents its first report. Impact of scaleups on the economyof Spain includes the main conclusions of a study that the program has carried out with 91 companies in this sector, analyzing issues such as the generation of employment and wealth, location, gender vision or the attraction of both local and international investment, among others.
This report highlights 3 aspects of scaleups – startups with a turnover of more than one million euros and exponential growth – that have withstood the onslaught of the pandemic with fortitude and forecasts suggest that they will be able to improve their growth, based on the following elements:
- Invoicing. In 2021, the turnover of these companies reached 3167 million euros, 91% more than at the end of 2020.
- Investment. The data collected indicates that, so far, 45% of the capital of Spanish scaleups comes from Spanish investors. Despite this, the time of these companies’ route is towards a more international financing model.
- Employment. It is worth highlighting the growth in terms of employment, which aims to exceed 671,500 jobs during 2021, 107% more than during the previous year.
These figures help to highlight the importance of scaleups in the economic fabric of our country and the potential they can develop. The report not only collects this data, but also explains in detail how these companies behave, what distinctive features characterise them and in which sectors and cities they are mainly based. Impact of scaleups on the Spanish economy is, therefore, an essential tool to gain an in-depth understanding of national scaleups.
You canfollow the presentation of the report:
