Startups ranked by AI-estimated valuation

Spain’s 50 most valuable startups

Edition 0 – beta·Published Oct 2026·Next scheduled update 3 Nov 2026

A quarterly ranking of non-listed Spanish startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; our AI estimates it.

Quarterly Claude · multi-AI consensus from 1 Dec 2026· Method· Order never changed by a human

Back a sector in Spain

The market at a glance

50companies ranked

25companies on the radar

USD 3.5bnraised in 2025

376rounds in 2025

Spanish startups raised about EUR 3.1bn (USD 3.5bn) across 376 rounds in 2025, in line with 2024. 2026 is running ahead, driven by mega-rounds in AI (Multiverse Computing), space (PLD Space, Xoople) and HR software (Factorial). Sources: Fundación Bankinter / ICEX Startup Observatory (2026), Dealroom, Spanish Tech Ecosystem Report 2026. Intention counters will be shown above a threshold of amount and number of Backers.

Listed benchmarks Wallbox · EV charging · NYSE · WBXHBX Group (Hotelbeds) · Travel distribution · Bolsa de Madrid · HBXIndexa Capital Group · Fintech › robo-advice · BME Growth · INDXA Not ranked: no intention is possible on a listed company.

National ranking · all sectors

Top 50 Radar Born here, based elsewhere Challengers

First edition: no movements yet.

#	Company	Sub-sector	Known funding	Estimated valuation (AI) · range	Confidence	Back
1	FeverMadrid · founded 2014Operations and management in Madrid; parent company reported as based in London Valuation implied by Atresmedia’s sale of a 5% stake to Vitruvian for EUR 227M (Sep 2026). Acquired DICE in Jun 2025.	Entertainment › live experiences and ticketing	USD 750M+ raised Growth round · USD 250M (EUR 217M) · Sep 2026 (EQT; Point72, Baillie Gifford)	Last known equity round: Growth round · USD 250M · Sep 2026 (EQT; Point72, Baillie Gifford) Published valuation: USD 5.2bn (Sep 2026) Confidence index: HighMethod	Solid sources	Back
2	PerkBarcelona · founded 2015HQ moved to London and Boston (Nov 2025); founded and about 900 staff in Barcelona Formerly TravelPerk. Revenue reported near USD 400M.	Business software › travel and expense management	USD ~550M (equity) raised Series E · USD 200M · Jan 2025 (SoftBank Vision Fund 2, Atomico, General Catalyst; EQT Growth, Kinnevik)	Last known equity round: Series E · USD 200M · Jan 2025 (SoftBank Vision Fund 2, Atomico, General Catalyst; EQT Growth, Kinnevik) Published valuation: USD 2.7bn (Jan 2025) Confidence index: HighMethod	Solid sources	Back
3	FactorialBarcelona · founded 2016 Unicorn since 2022.	HR tech › HR software for SMEs	Undisclosed total raised Series D · USD 150M (EUR 129M) · Jun 2026 (General Catalyst; Atomico, Four Rivers)	Last known equity round: Series D · USD 150M · Jun 2026 (General Catalyst; Atomico, Four Rivers) Published valuation: USD 2.5bn (Jun 2026) Confidence index: HighMethod	Solid sources	Back
4	Multiverse ComputingSan Sebastián · founded 2019 Post-money derived from the EUR 1.5bn pre-money valuation reported for the Series C and the EUR 500M raised.	AI › model compression (quantum-inspired)	USD ~800M (EUR 701M) raised Series C · USD 570M (EUR 500M) · Jul 2026 (Forgepoint Capital International, BNP Paribas Solar Impulse Venture Fund, Bullhound Capital; Santander, Tikehau, Orange Ventures)	Last known equity round: Series C · USD 570M · Jul 2026 (Forgepoint Capital International, BNP Paribas Solar Impulse Venture Fund, Bullhound Capital; Santander, Tikehau, Orange Ventures) Published valuation: USD 2.3bn (Jul 2026) Confidence index: HighMethod	Solid sources	Back
5	PLD SpaceElche · founded 2011 Series C closed in two steps (EUR 180M in Mar 2026, EUR 108M in Sep 2026). Spanish government backing through ESA’s European Launcher Challenge is a contract, not equity.	Space › rocket launchers	EUR ~470M (equity) raised Series C · USD 335M (EUR 288M) · Sep 2026 (Mitsubishi Electric; COFIDES, CDTI, Nazca Capital, Endeavor Catalyst)	Last known equity round: Series C · USD 335M · Sep 2026 (Mitsubishi Electric; COFIDES, CDTI, Nazca Capital, Endeavor Catalyst) Confidence index: HighMethod	Partial sources	Back
6	CabifyMadrid · founded 2011 Revenue of EUR 833M in 2025.	Mobility › ride-hailing	USD ~800M raised Capital increase · USD 100M (EUR 91M) · Apr 2023 (Orilla Asset Management, ICO Next Tech, Mutua Madrileña)	Last known equity round: Capital increase · USD 100M · Apr 2023 (Orilla Asset Management, ICO Next Tech, Mutua Madrileña) Confidence index: MediumMethod	Partial sources	Back
7	JobandtalentMadrid · founded 2009 Down round: valued at USD 2.35bn in Dec 2021.	HR tech › temporary staffing marketplace	USD 1bn+ (equity and debt) raised Series F · USD 103M (EUR 92M) · Apr 2025 (Atomico, BlackRock, DN Capital, Kinnevik)	Last known equity round: Series F · USD 103M · Apr 2025 (Atomico, BlackRock, DN Capital, Kinnevik) Published valuation: USD 1.5bn (Apr 2025) Confidence index: HighMethod	Solid sources	Back
8	XoopleMadrid · founded 2019 Press reports a valuation above USD 1bn, without an exact figure.	Space › Earth observation data	USD ~225M raised Series B · USD 130M · Apr 2026 (Nazca Capital; MCH Private Equity, CDTI, Endeavor Catalyst)	Last known equity round: Series B · USD 130M · Apr 2026 (Nazca Capital; MCH Private Equity, CDTI, Endeavor Catalyst) Published valuation: USD 1bn (Apr 2026) Confidence index: LowMethod	Weak sources	Back
9	SeedtagMadrid · founded 2014 Advent International holds a large stake, reportedly a majority. Valued above EUR 700M in a shareholder fund’s report (Aug 2025).	Adtech › contextual advertising	EUR ~290M (incl. secondary shares) raised Growth round · EUR 250M+ · Jul 2022 (Advent International)	No equity round with a disclosed amount. Published valuation: USD 810M (Aug 2025) Confidence index: LowMethod	Weak sources	Back
10	TypeformBarcelona · founded 2012	Business software › forms and surveys	USD ~187M raised Series C · USD 135M · Mar 2022 (Sofina; General Atlantic, Index Ventures)	Last known equity round: Series C · USD 135M · Mar 2022 (Sofina; General Atlantic, Index Ventures) Confidence index: MediumMethod	Partial sources	Back
11	SpliceBioBarcelona · founded 2020	Biotech › gene therapy (ophthalmology)	USD ~190M (EUR 168M) raised Series B · USD 135M (EUR 118M) · Jun 2025 (EQT Life Sciences, Sanofi Ventures; Roche Venture Fund)	Last known equity round: Series B · USD 135M · Jun 2025 (EQT Life Sciences, Sanofi Ventures; Roche Venture Fund) Confidence index: HighMethod	Partial sources	Back
12	iPronicsValencia · founded 2019 Spin-off of the Polytechnic University of Valencia.	Deeptech › photonic chips for AI data centres	USD 177M raised Series B · USD 125M (EUR 108M) · Sep 2026 (Maverick Silicon, Light Street; NVIDIA, Bosch Ventures, EIC Fund)	Last known equity round: Series B · USD 125M · Sep 2026 (Maverick Silicon, Light Street; NVIDIA, Bosch Ventures, EIC Fund) Confidence index: HighMethod	Partial sources	Back
13	ClikaliaMadrid · founded 2019 Revenue of EUR 279M in 2025.	Proptech › home buying and selling	USD 550M+ (equity and debt) raised Series C · EUR 460M · 2021 (SoftBank Vision Fund 2, Fifth Wall), of which about EUR 75M in equity	Last known equity round: Series C (equity part) · USD 88M · 2021 (SoftBank Vision Fund 2, Fifth Wall) Confidence index: LowMethod	Weak sources	Back
14	Ona TherapeuticsBarcelona	Biotech › antibody-drug conjugates (oncology)	USD 87M+ raised Series B · USD 86.6M · Jun 2026 (Columbus Venture Partners, Mérieux Equity Partners; COFIDES, Asabys)	Last known equity round: Series B · USD 86.6M · Jun 2026 (Columbus Venture Partners, Mérieux Equity Partners; COFIDES, Asabys) Confidence index: HighMethod	Partial sources	Back
15	ThekerBarcelona	Robotics › general-purpose factory robots	USD 85M+ raised Series A · USD 85M (EUR 73M) · Jun 2026 (CRV; Samsung, Cathay Innovation, 20VC, Henkel)	Last known equity round: Series A · USD 85M · Jun 2026 (CRV; Samsung, Cathay Innovation, 20VC, Henkel) Confidence index: HighMethod	Partial sources	Back
16	CitiboxMadrid Part of a EUR 100M financing that includes EUR 30M of debt.	Logistics › parcel lockers	Undisclosed total raised Equity round · USD 81M (EUR 70M) · Apr 2026 (Ithaka Infrastructure Partners)	Last known equity round: Equity round · USD 81M · Apr 2026 (Ithaka Infrastructure Partners) Confidence index: HighMethod	Partial sources	Back
17	PlaytomicMadrid · founded 2017 Valued at EUR 330M in the Nov 2025 crowdfunding round; EUR 55M of equity raised in Mar 2025 (Match Invest, LFH).	Consumer › sports court booking	USD ~110M raised Crowdfunding · USD 15M (EUR 13M) · Nov 2025 (Crowdcube)	Last known equity round: Crowdfunding · USD 15M · Nov 2025 (Crowdcube) Published valuation: USD 380M (Nov 2025) Confidence index: LowMethod	Weak sources	Back
18	StratioMadrid	Data › data fabric and generative AI	EUR ~90M raised Series C · USD 68M (EUR 65M) · 2022 (Adara Ventures)	Last known equity round: Series C · USD 68M · 2022 (Adara Ventures) Confidence index: LowMethod	Weak sources	Back
19	ExoticcaBarcelona · founded 2013	Travel › packaged tours	USD 130M+ raised Series D · EUR 60M equity · 2024, then EUR 25M of venture debt in Feb 2025 (BBVA Spark)	Last known equity round: Series D · USD 65M · 2024 Confidence index: MediumMethod	Partial sources	Back
20	OdiloCartagena	Edtech › digital learning platforms	EUR ~66M raised Growth round · USD 63M (EUR 60M) · Jun 2022 (Bregal Milestone)	Last known equity round: Growth round · USD 63M · Jun 2022 (Bregal Milestone) Confidence index: LowMethod	Weak sources	Back
21	Anaconda BiomedSant Quirze del Vallès · founded 2015	Medtech › stroke thrombectomy devices	Undisclosed total raised Equity round · USD 57M (EUR 49M) · Sep 2026 (Omega Funds; COFIDES, Asabys, Ysios Capital)	Last known equity round: Equity round · USD 57M · Sep 2026 (Omega Funds; COFIDES, Asabys, Ysios Capital) Confidence index: HighMethod	Partial sources	Back
22	deepullBarcelona	Medtech › sepsis diagnostics	EUR 50M+ raised Series C · USD 56M (EUR 50M) · Apr 2025 (Columbus Venture Partners, Panakès, Mérieux Equity Partners)	Last known equity round: Series C · USD 56M · Apr 2025 (Columbus Venture Partners, Panakès, Mérieux Equity Partners) Confidence index: HighMethod	Partial sources	Back
23	BiorceBarcelona · founded 2022	Healthtech › AI for clinical trials	USD ~62M raised Series A · USD 52M · Feb 2026 (DST Global Partners)	Last known equity round: Series A · USD 52M · Feb 2026 (DST Global Partners) Confidence index: HighMethod	Partial sources	Back
24	QuibimValencia · founded 2015	Healthtech › AI imaging biomarkers	USD 60M+ raised Series A · USD 50M (EUR 47.9M) · Jan 2025 (Asabys, Buenavista Equity Partners; Amadeus Capital, Partech)	Last known equity round: Series A · USD 50M · Jan 2025 (Asabys, Buenavista Equity Partners; Amadeus Capital, Partech) Confidence index: HighMethod	Partial sources	Back
25	INBRAIN NeuroelectronicsBarcelona · founded 2020	Medtech › graphene brain interfaces	USD 68M raised Series B · USD 50M · Oct 2024 (imec.xpand; EIC Fund, ICO Next Tech)	Last known equity round: Series B · USD 50M · Oct 2024 (imec.xpand; EIC Fund, ICO Next Tech) Confidence index: MediumMethod	Partial sources	Back
26	AmenitizBarcelona · founded 2017 Part of the Series B is debt; the split is undisclosed.	Travel › hotel management software	USD ~80M raised Series B · USD 45M (EUR 38.9M, equity and debt) · Nov 2025 (Kfund Leadwind; Thayer Ventures, Columbia Lake Partners)	Last known equity round: Series B · USD 45M · Nov 2025 (Kfund Leadwind; Thayer Ventures, Columbia Lake Partners) Confidence index: LowMethod	Weak sources	Back
27	CivitatisMadrid · founded 2008 Vitruvian Partners holds 57%. Valued at about EUR 200M in the press (Oct 2025).	Travel › tours and activities marketplace	EUR 100M+ raised Growth round · USD 105M (EUR 100M) · 2022 (Vitruvian Partners)	Last known equity round: Growth round · USD 105M · 2022 (Vitruvian Partners) Published valuation: USD 230M (Oct 2025) Confidence index: LowMethod	Weak sources	Back
28	bound4blueBarcelona · founded 2014	Climate › wind propulsion for ships	USD 44M+ raised Equity round · USD 44M (EUR 37.8M) · Dec 2025 (OCTAVE Capital, Katapult Ocean; GTT)	Last known equity round: Equity round · USD 44M · Dec 2025 (OCTAVE Capital, Katapult Ocean; GTT) Confidence index: HighMethod	Partial sources	Back
29	SateliotBarcelona · founded 2018 The Spanish state holds 18.7%. A EUR 100M Series C opened in Apr 2026.	Space › 5G satellite IoT	EUR ~100M raised Series B · USD 43M equity (EUR 40M) · Mar 2025 (Hyperion Fund, SETT, Indra, Cellnex), plus a EUR 30M EIB loan	Last known equity round: Series B · USD 43M · Mar 2025 (Hyperion Fund, SETT, Indra, Cellnex) Confidence index: HighMethod	Partial sources	Back
30	HeuraBarcelona · founded 2017 Sources differ on the size of the last equity round.	Foodtech › plant-based meat	EUR ~88M equity, plus a EUR 20M EIB loan raised Equity round · USD 43M (EUR 40M) · 2023; EUR 20M EIB loan in May 2025	Last known equity round: Equity round · USD 43M · 2023 Confidence index: LowMethod	Weak sources	Back
31	H2SITEBilbao · founded 2021	Climate › hydrogen membrane reactors	EUR 36M+ raised Series B · USD 40M (EUR 36M) · Jan 2025 (Suma Capital, Hy24; Breakthrough Energy Ventures, Equinor)	Last known equity round: Series B · USD 40M · Jan 2025 (Suma Capital, Hy24; Breakthrough Energy Ventures, Equinor) Confidence index: HighMethod	Partial sources	Back
32	Bit2MeMadrid · founded 2014 Shareholders include Telefónica, Unicaja and Investcorp.	Crypto › exchange	Undisclosed total raised Strategic round · USD 35M (EUR 30M) · Aug 2025 (Tether)	Last known equity round: Strategic round · USD 35M · Aug 2025 (Tether) Confidence index: HighMethod	Partial sources	Back
33	EmbatMadrid · founded 2021	Fintech › treasury management software	EUR 50M+ raised Series B · USD 35M (EUR 30M) · May 2026 (Cathay Innovation; Creandum, Samaipata)	Last known equity round: Series B · USD 35M · May 2026 (Cathay Innovation; Creandum, Samaipata) Confidence index: HighMethod	Partial sources	Back
34	Pangea AerospaceBarcelona · founded 2018	Space › rocket engines	EUR ~30M raised Series A · USD 26M (EUR 23M) · Mar 2025 (Hyperion Fund, CDTI, Primo Space)	Last known equity round: Series A · USD 26M · Mar 2025 (Hyperion Fund, CDTI, Primo Space) Confidence index: HighMethod	Partial sources	Back
35	Sesame HRValencia · founded 2015 Up to EUR 50M of non-dilutive financing from BBVA Spark (Oct 2025).	HR tech › HR software for SMEs	EUR 40M+ raised Equity round · USD 25M (EUR 23M) · May 2024 (GP Bullhound; PSG)	Last known equity round: Equity round · USD 25M · May 2024 (GP Bullhound; PSG) Confidence index: MediumMethod	Partial sources	Back
36	Maisa AIValencia · founded 2024Valencia and San Francisco	AI › agentic process automation	USD ~30M raised Series A · USD 25M (EUR 21M) · Aug 2025 (Creandum; Forgepoint Capital International)	Last known equity round: Series A · USD 25M · Aug 2025 (Creandum; Forgepoint Capital International) Confidence index: HighMethod	Partial sources	Back
37	IdeadedViladecans · founded 2015	Deeptech › non-silicon semiconductors	EUR 22M+ raised Strategic round · USD 25M (EUR 22M) · Nov 2025 (SETT; Escribano Mechanical & Engineering)	Last known equity round: Strategic round · USD 25M · Nov 2025 (SETT; Escribano Mechanical & Engineering) Confidence index: HighMethod	Partial sources	Back
38	Orbio AIMadrid · founded 2024	HR tech › AI for frontline teams	EUR ~24M raised Series A · USD 21M (EUR 18.1M) · Jun 2026 (Dawn Capital)	Last known equity round: Series A · USD 21M · Jun 2026 (Dawn Capital) Confidence index: HighMethod	Partial sources	Back
39	Red PointsBarcelona · founded 2011	Cybersecurity › brand protection	USD ~60M raised Growth round · USD 21M (EUR 20M) · Nov 2022	Last known equity round: Growth round · USD 21M · Nov 2022 Confidence index: LowMethod	Weak sources	Back
40	Telum TherapeuticsNoáin	Biotech › antimicrobials	EUR 18M+ raised Series A · USD 21M (EUR 18M) · Jul 2026 (AMR Action Fund)	Last known equity round: Series A · USD 21M · Jul 2026 (AMR Action Fund) Confidence index: LowMethod	Weak sources	Back
41	NeuralTrustBarcelona · founded 2022	Cybersecurity › AI agent security	EUR 17.2M raised Seed · USD 20M (EUR 17.2M) · Jun 2026 (Alstin Capital; Seaya, Kibo Ventures)	Last known equity round: Seed · USD 20M · Jun 2026 (Alstin Capital; Seaya, Kibo Ventures) Confidence index: LowMethod	Weak sources	Back
42	TucuviMadrid · founded 2019	Healthtech › AI voice agents for patient follow-up	USD 25M+ raised Series A · USD 20M · Jan 2026 (Cathay Innovation, Kfund)	Last known equity round: Series A · USD 20M · Jan 2026 (Cathay Innovation, Kfund) Confidence index: HighMethod	Partial sources	Back
43	GeniallyCórdoba · founded 2015	Edtech › interactive content	EUR ~22M+ raised Series B · USD 20M · 2021 (Owl Ventures; 645 Ventures)	Last known equity round: Series B · USD 20M · 2021 (Owl Ventures; 645 Ventures) Confidence index: LowMethod	Weak sources	Back
44	Sherpa.aiBilbao · founded 2012	AI › privacy-preserving federated learning	USD ~35M raised Equity round · USD 18M · Jul 2026 (Forgepoint Capital; Mundi Ventures, Seed Capital Bizkaia)	Last known equity round: Equity round · USD 18M · Jul 2026 (Forgepoint Capital; Mundi Ventures, Seed Capital Bizkaia) Confidence index: HighMethod	Partial sources	Back
45	Twinco CapitalMadrid · founded 2016	Fintech › purchase-order finance	Undisclosed total raised Series B · USD 17M (EUR 15M) equity · Jun 2026, alongside a EUR 150M securitisation facility	Last known equity round: Series B · USD 17M · Jun 2026 Confidence index: HighMethod	Partial sources	Back
46	SatlantisLeioa Revenue of EUR 47.8M in 2025.	Space › Earth observation cameras and satellites	EUR 14M+ raised Equity round · USD 16.5M (EUR 14M) · 2021 (Enagás, SEPIDES)	Last known equity round: Equity round · USD 16.5M · 2021 (Enagás, SEPIDES) Confidence index: LowMethod	Weak sources	Back
47	ShakersMadrid · founded 2019	HR tech › freelance talent platform	EUR ~20M raised Series A · USD 16M (EUR 14M) · May 2025 (Partech)	Last known equity round: Series A · USD 16M · May 2025 (Partech) Confidence index: HighMethod	Partial sources	Back
48	NanoligentBarcelona	Biotech › targeted cancer nanomedicines	EUR 12M+ raised Series A · USD 13.6M (EUR 12M) · Oct 2025	Last known equity round: Series A · USD 13.6M · Oct 2025 Confidence index: LowMethod	Weak sources	Back
49	Integra TherapeuticsBarcelona	Biotech › gene writing	EUR 10.7M+ raised Pre-Series A · USD 12M (EUR 10.7M) · 2025 (EIC Fund, CDTI, Takeda Ventures)	Last known equity round: Pre-Series A · USD 12M · 2025 (EIC Fund, CDTI, Takeda Ventures) Confidence index: LowMethod	Weak sources	Back
50	AcoruMadrid	Cybersecurity › fraud prevention	EUR 10M+ raised Series A · USD 11.3M (EUR 10M) · Oct 2025 (33N Ventures)	Last known equity round: Series A · USD 11.3M · Oct 2025 (33N Ventures) Confidence index: LowMethod	Weak sources	Back

Back · Declaring an intention does not mean this company is raising funds. · Terms

Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Produced by Claude (Anthropic); a consensus of several AI models will apply from 1 December 2026. Eligibility: at least $1M raised including one equity round, non-listed company, main operations in Spain. Request a correction

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How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Estimate

An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.

Hundreds of k$
Millions $
Tens of M$
Hundreds of M$
Unicorn
Decacorn
Hectocorn

Confidence

High: recent published valuation or round (under 24 months).
Medium: older data.
Low: single or unconfirmed source.

Full method →

Rankings by sector

Four verticals at launch, more when the feasibility test allows.

Coming soon · Top 10

AI & software

HR software, travel and expense management, model compression and AI security.

Coming soon · Top 10

Consumer, travel & mobility

Live experiences, ride-hailing, staffing marketplaces and travel.

Coming soon · Top 10

Space & deeptech

Rocket launchers, Earth observation, photonic chips and robotics.

Coming soon · Top 10

Health & biotech

Gene therapy, cancer drugs, medical devices and clinical AI.

FintechProptechClimateEdtechFoodtech

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Critical mass is reached

When the pool’s combined amount reaches its critical mass, a floor amount estimated by the AI, the pool is passed to the local partner, who presents this demand to the companies concerned.

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If the company’s expectations and the Backers’ converge, the partner builds a transaction and presents it directly to the Backers concerned.

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Capital raise or sale of existing shares: small tickets are pooled in a common vehicle set up by the local partner. Each Backer decides whether to take part.

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Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.

Peptomyc · Biotech › MYC inhibitors (oncology)Equity round · USD 6.6M (EUR 5.7M) · Sep 2026 (ICF, Asabys, EIC Fund)Back
Atomic One · AI › e-commerce automationSeed · USD 6.4M (EUR 5.6M) · Sep 2026 (Arcano Partners)Back
Health Force · Healthtech › AI agents for hospitalsEquity round · USD 4.9M (EUR 4.2M) · Sep 2026Back
Vidext · AI › video generationEquity round · USD 9.3M (EUR 8M) · Aug 2026Back
FuVeX · Defence › long-range dronesEquity round · USD 3.5M (EUR 3M) · Aug 2026 (SODENA, SEGO Venture, Izertis)Back
Flyboard · AI › voice agentsEquity round · USD 2.2M (EUR 1.9M) · Jul 2026Back
FOSSA Systems · Space › IoT and defence nanosatellitesEquity round · USD 10.7M (EUR 9.25M) · Jun 2026 (Kibo Ventures; SETT, Sparx)Back
Zazume · Proptech › AI rental managementEquity round · USD 2.9M (EUR 2.5M) · Jun 2026Back
Dolfin · Business software › sales compensationSeed · USD 2.4M (EUR 2.1M) · May 2026Back
Memorae AI · Consumer › AI personal assistantSeed · USD 2M · May 2026 (Mucker Capital)Back
Barbara IoT · Software › industrial edge AIEquity round · USD 5.2M (EUR 4.5M) · Apr 2026 (Seed Capital Bizkaia)Back
Brickken · Crypto › asset tokenisationSeed · USD 3.5M · Apr 2026Back
GuruSup · AI › customer serviceSeed · USD 1.5M (EUR 1.3M) · Apr 2026Back
Webel · Consumer › home-services marketplaceSeed · USD 4.9M · Mar 2026Back
Galtea · AI › evaluation of AI productsEquity round · USD 3.1M (EUR 2.7M) · Mar 2026 (Mozilla Ventures)Back
Cala · AI › knowledge layer for AI agentsPre-seed · USD 8M (EUR 7M) · 2026Back
Zynap · Cybersecurity › threat intelligenceEquity round · USD 6.8M (EUR 6M) · Dec 2025 (Kibo Ventures, Kfund)Back
LuxQuanta · Deeptech › quantum key distributionSeries A · USD 9M (EUR 8M) · Oct 2025 (Big Sur Ventures; GMV, EIC Fund)Back
Kreios Space · Space › very-low-orbit satellitesEquity round · USD 9M (EUR 8M) · Sep 2025 (NATO Innovation Fund)Back
Vivla · Proptech › second-home co-ownershipEquity round · USD 9M (EUR 8M) · Jul 2025 (Samaipata; FJ Labs, Andbank)Back
TaxDown · Fintech › AI tax filingEquity round · USD 4.3M (EUR 4M) · Apr 2025Back
PropHero · Proptech › AI property investingEquity round · USD 2.7M (EUR 2.5M) · 2025Back
seQura · Fintech › buy now, pay laterDebt and equity · EUR 410M · Nov 2024 (Citi; M&G, Chenavari), mostly debt; equity part undisclosedBack
Voicemod · Software › AI voice changerSeries A · USD 8M (EUR 7.1M) · Jul 2020Back
Enginy · AI › sales automationEquity round · USD 5.7M (EUR 5M) (Samaipata)Back

Born in Spain, based elsewhere

Companies of Spanish origin whose main operations are now abroad: not ranked, shown with the law governing their shares.

Devo · Cybersecurity › security data analytics
Founded in Madrid (as Logtrust); HQ in Cambridge, MassachusettsSeries F · USD 100M · Jun 2022 (Eurazeo), at USD 2bnBack
Open Cosmos · Space › satellite missions and data
Founded by a Spanish engineer; HQ in Harwell (UK)Series C · EUR 300M · Sep 2026Back
Lingokids · Edtech › learning app for children
Founded in Madrid; HQ in Los AngelesGrowth round · USD 120M · Sep 2025 (Bullhound Capital, General Catalyst)Back
Domestika · Edtech › online creative courses
Founded in Madrid; HQ in Berkeley, CaliforniaSeries D · USD 110M · 2022Back
EOS-X Space · Space › stratospheric flights
Founded in Spain; now US-based after acquiring Space PerspectiveSeries D · USD 140M · May 2026Back
Abacum · Business software › financial planning
Founded in Barcelona; HQ in New YorkSeries B · USD 60M · Jun 2025 (Scale Venture Partners)Back
Tinybird · Data › real-time analytics
Founded in Madrid; HQ in New YorkSeries B · USD 30M · Jun 2024 (Balderton Capital)Back

Not ranked

Wallapop · Acquired by Naver for about EUR 600M (completed Jan 2026)
Glovo · Majority acquired by Delivery Hero (2022)
vLex · Acquired by Clio for USD 1bn (closed Nov 2025)
Clarity AI · All-share merger with Glass Lewis (Sep 2026)
Onum · Acquired by CrowdStrike for USD 290M (Aug 2025)
Paack · Iberian and French operations being acquired by Colis Privé (CEVA Logistics), agreement Jun 2026
Signaturit · Acquired by Namirial (Jul 2025)
Holded · Acquired by Visma
Cobee · Acquired by Pluxee (2024)
Freepik (Magnific) · Majority acquired by EQT (May 2020)
Heymondo · Majority acquired by J.C. Flowers (Feb 2025)
Openchip · Created by GTD with the Barcelona Supercomputing Center (companies created by a group are not eligible)
Silence · Majority owned by Acciona since 2021
Robotnik · Majority acquired by United Robotics Group (Jan 2023)
Zeleros · Assets taken over by Amper (2026)
Zity · Created and owned by Renault and Ferrovial
MyInvestor · Created by the Andbank banking group
Rebellion Pay · Shut down (Dec 2023)

The method in Spain

Calendar. Quarterly ranking, published on the 3rd of February, May, August and November. Next edition: November 3, 2026.

Eligibility: at least $1M raised including one equity round, non-listed company, main operations in Spain.

Partner sought. Investment firm (ESI) or financial adviser (EAF) authorised by the CNMV (Comisión Nacional del Mercado de Valores), or investment bank.

Sources. Spanish and international business and technology press (Expansión, Cinco Días, El Referente, elEconomista, Tech.eu, EU-Startups, TechCrunch, Bloomberg), Dealroom and Fundación Bankinter/ICEX data, company and investor announcements.

Method and rules, common to all countries →