The 2nd edition of Scaleup Spain Network begins

AI-generated summary

The development of startups that have proven their business models and achieved stable profitability eventually reaches a critical phase where growth challenges such as internationalization, sector diversification, and talent management must be addressed. Scaleup Spain Network supports these future scaleups, providing timely assistance in collaboration with Wayra and Endeavor. According to the 2020 Tech Scaleup Spain report by Mind the Bridge, despite the global economic slowdown from the pandemic, Spain’s scaleup ecosystem remains robust, ranking 6th in Europe by number of scaleups and 7th by capital raised. Spain hosts 4.4% of European scaleups (407) and attracts around 3% of total European scaleup investment.

The second edition of the Scaleup Spain Network includes 13 selected companies with a combined turnover of €35 million in 2020 and 373 employees. These startups span sectors like fintech, health tech, logistics, and SaaS, including notable participants like Ritmo, Climatetrade, Frenetic, and Coinscrap. The program offers sessions combining theory and practical insights from successful Spanish startup leaders, covering management structure, fundraising, and business culture. This initiative aims to propel scaleups toward sustainable growth and innovation. More information on participation and program details is available on the Scaleup Spain Network website.

The second edition of the Scaleup Spain Network, our mentoring and support program for startups in their transformation into scaleups, begins.

The development path of a startup, which already has its business model proven and has even reached stable profitability rates, leads to a turning point where it has to think about the company’s growth issues such as its internationalization, its openness to a different sector or talent management. This is where Scaleup Spain Network Support future scaleups.

Our program, in collaboration with Wayra and Endeavor, has come at the right time. According to the 2020 Tech Scaleup Spain report by Mind the brigde, we find that, despite the global economic slowdown caused by the pandemic, the investment and creation of Scaleups in Spain is consolidated, occupying 6th place in Europe by number of scaleups and 7th in terms of capital raised. The country is home to a total of 4.4% of the total number of European scaleups (407) that attracted approximately 3% of the total capital injected into the European scaleup ecosystem.

Scaleup Spain second edition


From this growing ecosystem, the scaleups participating in this new edition of Scaleup Spain Network are selected. These are companies that have a total turnover of 35 million euros in 2020 and employ 373 workers. The 13 startups that are part of the second promotion:

  • Ritmo: a capital-as-a-service platform that offers line of financing to e-commerce.
  • Climatetrade: marketplace that helps companies achieve their sustainability goals.
  • Frenetic: develops software to design electronic components.
  • Trucksters: Technologically optimised freight transport operator.
  • Cobee: employee benefits management platform.
  • Open Webinars: platform for the development of the technological talent of professionals.
  • Pay Flow: an application that allows employees to get paid when they need to.
  • Idoven: startup that revolutionizes the diagnosis of heart disease, through artificial intelligence and digital health.
  • Mlean: production system that digitizes and centralizes continuous improvement processes from the factory.
  • Zinklar: Data-driven SaaS that delivers unique consumer insights for mobile devices.
  • Quibim: development and implementation of technological processing technologies for medical images.
  • Mysphera: automation of the flow of hospital patients.
  • Coinscrap: financial planning micro-services launch new fintech/insurtech functionalities.

We are proud that two of the investees of our Venture Capital program, Frenetic and Coinscrap, participate in this second edition.

The CEOs and teams of these scaleups will participate in sessions where theory is combined with the first-hand experiences of the leaders of the Spanish startup ecosystem, founders of some of the successful scaleups in our country.
Among the sessions planned for this second edition are a Structure and Management session given by Miguel Arias (Kfund) and Jorge Poyatos (Seedtag) to which will be added a Fundraising session led by Sonia Fernández (Kibo Ventures) and Gonzalo Pastos (Smart Protection), and another on Business Culture by Simone Veglia (Growara) and Ignacio Moreno (Capchase).


Visit the Scaleup Spain Network website to find all the information about the next call and how the program works.