TLDR:
- Spain’s venture ecosystem is growing with the rise of unicorn companies.
- Several notable funding rounds took place in Spain in Q1 2024.
Spain’s venture ecosystem is showing signs of growth with the rise of unicorn companies and growing favorable investor sentiment. The country has seen an increase in successful startups and positive outlook from venture capitalists. Some of the key factors contributing to this growth include new entrepreneurship tax incentives, improved digital infrastructure, and a stable investment environment. In Q1 2024, several notable funding rounds took place in Spain:
Iberdrola
Iberdrola, a Bilbao-based global energy provider, secured a €300M ESG-linked green loan to fund renewable energy projects.
TravelPerk
TravelPerk, a business travel management platform, raised €530.3M in a Series D funding round to expand its operations.
ID Finance
ID Finance, a fintech company, secured a $150M debt financing to further develop its financial wellness app, Plazo.
MyInvestor
Madrid-based neobank MyInvestor raised €45M in a Series C funding round to strengthen its position as the largest fintech in Spain.
Additional Funding Rounds:
- Multiverse Computing secured €25M to accelerate the development of its quantum-inspired computing solutions.
- Wallapop raised €20M to focus on international expansion efforts.
- Embat closed a Series A funding round of €14.7M to support upcoming product development.
- LUDA Partners received €12M to further develop sustainable technologies.
- Cabify secured €15M in venture debt to drive sustainable urban mobility.
- Palobiofarma closed an investment round of €7M to advance treatments for chronic diseases.
