2026年西班牙科技生态系统报告

May 2026 Key Takeaways AI is the high growingsector in Spain Spain raised €3.1B inVC funding in 2025 ●2025 was the third Spainʼs techecosystem is worth€125B Spanish startups knowhow to attract investors ●Almost every fifthstartup founded inSpain since 2021 is anAI startup.●Spainʼs AI ecosystem isthe third fastestgrowing in Europe.●Spainʼs AI ecosystem year, after 2021 and2022, in which Spainʼsstartups raised €3B+ inVC.●More than two-thirdsof VC raised in Spain in2025 came fromstartups based in ●Spainʼs techecosystem keepsgrowing, showing 2.3xgrowth since 2020.●Spainʼs techecosystem is the 8th ●Spain ranks fourth inEurope by early-stagedomestic VCinvestment.●In total, over 600 1Spanish Tech Update2Spainʼs Upcoming Sectors3Spainʼs Top Hubs4Investor Landscape Spanish techecosystem isnow worth€125B Almost half of the ecosystemvalue is generated by startupsfounded since 2015. Privatecompaniesaccount for 54% Spain is showingone of thefastest growthrates amongEuropean Spain ranks 8th in Europe bytech ecosystem enterprisevalue. “By committing €1 billion in less than four years,BBVA Spark has proven to be a strategic partnerfueling high-growth tech companies. With BBVA Spark, we have built something theecosystem needed: a bank specifically designed for fastgrowing tech companies. As this report shows, Spain hasbecome a consolidated market with a highly activeecosystem that already competes with Europeʼs leading Miguel Ángel AlcaláHead of BBVA Spark Europe Spainʼs startup funnel, from rising stars to unicorns and $1B+ exits Spain raised€3.1B in VC in2025 Itʼs the third best year everafter 2021 and 2022. All three stages were well represented in 2025: early and breakout stages were among thebest years, while the late stage still lagged behind the outlier years of 2021–2022 “2025 is confirming the arrival of a new phasefor the Spanish tech ecosystem. We are seeing a generation of founders that is moresophisticated, more internationally minded, and more ambitious Over the past decade, Spain has evolved from an emergingecosystem into a much more mature and repeatableenvironment for company building. Today, the combination oftechnical talent, growing AI capabilities, experienced operators, Top fundingrounds raised bySpainʼs startups In the graduationto Series A stage,Spain is behindpeer ecosystems,but it shortens thegap and surpassesmany of them in In 2025, therewere 44 exits inSpain, the thirdbest result after48 in 2021 and 58 Former employees of Spanish unicorns and $1B+exits have produced next generation of startups View more » “Spain's tech ecosystem is maturing fast — andthe numbers tell only part of the story. Spain's most scaled founders are becoming catalysts for the nextwave of entrepreneurship. Employees who build their careers insidehigh-growth companies gain a first-hand education in scaling, andthey go on to found new ventures that scale significantly faster. Thealumni networks of companies like Glovo, Cabify, or Job&Talent nowrepresent hundreds of startups, with combined funding in the Andrés TallosManaging Director ofEndeavor Spain Spanish universities and research institutes are driving the ecosystem forward “Spain is emerging as one of Europeʼs mostdynamic innovation ecosystems. Dealroomʼs data shows how the country is consolidatinga robust, competitive and globally orientedentrepreneurial landscape. This progress reflects the 1Spanish Tech Update2Spainʼs Upcoming Sectors3Spainʼs Top Hubs4Investor Landscape Health has the largest number of Spainʼs early-stage startups, Deep Tech leads atbreakout stage, while Enterprise Software at late-stage AI startupsraised the mostVC in Spain in2025 Enterprise Software and AIhave led in VC raised since2020. AI in Spain Almost everyfifth startup inSpain foundedsince 2021 is anartificial The share of AI startups hasgrown more than 2xcompared to 2010-2020 years. Spain is one ofthe fastestgrowing AIecosystems inEurope, with3.7x growth Since 2020, Spainʼs AIecosystem has grown by€11B, and its share of Spainʼstotal ecosystem has increasedfrom 7% to 12%. Spain ranks 6thin Europe for AIVC investmentsince 2020, with€3.3B raised By number of AI fundingrounds since 2020, Spainranks 4th in Europe. Barcelona and Madrid are among the top AI ecosystems in Europe in terms of Enterprise “The future of Europeʼs Innovation ecosystem willdepend on our ability to scale technology with At Wayra, we have spent more than a decade helping entrepreneurstransform breakthrough ideas into scalable companies by combiningventure investment with direct access to Telefónicaʼs global capabilities,technology expertise and business network. Today, areas such as artificialintelligence, cybersecurity and advanced connectivity are becomingincreasingly critical to Europeʼs competitiveness, resilience and strategic Paloma CastellanoWayra Ventures ManagingDirector at Telefónica Health in Spain Robotics in Spain Dual-Use and Defence Tech in Spain Climate