Dealroom – Spain tech ecosystem, 2024

The Spanish tech ecosystem has seen significant growth, with the combined enterprise value of startups surpassing €100B in 2023. While Spain has become a midsize player in Europe, its EV remains higher than other Southern European countries but lags behind top European ecosystems like France and Germany, which reached €100B 6 and 9 years ago, respectively. Despite this, the value of Spanish tech is one of the fastest-growing among Europe's major ecosystems. VC investment growth in Spain has been below the European average but follows a similar curve, indicating potential for further expansion and development in the coming years.