The entrepreneurship ecosystem in Spain has reached an estimated value of 125 billion euros, according to ICEX, which states this Wednesday that it continues to consolidate itself as one of the "most dynamic and competitive in Europe".
Furthermore, the country has more than 5,000 startups, more than 400 scaleups, and 17 tech unicorns, which positions it "among the most relevant innovation hubs" on the continent, it insists.
In fact, it highlights that in the last five years it has become the only major European ecosystem that has multiplied the valuation of its startups by 2.3 and has maintained a "positive" evolution in an international context that is "more complex" for technological investment.
Specifically, Spain has closed 376 funding rounds in 2025, which represents an 11% increase compared to the previous year, with a total investment volume of 3.108 billion euros.
In the breakdown, 44% of the investment was concentrated in large operations exceeding 50 million euros, which would reflect "a growing capacity for business scaling". By sectors, software and artificial intelligence stand out, with 516 million euros, followed by biotechnology and life sciences, with 345 million.
By cities, it positions Madrid (eighth) and Barcelona (eleventh, and the sixth city in the world for early-stage funding) among the main European hubs and points to the growing prominence of others such as Valencia, Malaga, Bilbao, or San Sebastian in a country that has more than 280 incubators and accelerators and more than 60 technology parks.
According to "Spain Global Startup Hub 2026", prepared by ICEX, Mexico is the main expansion destination for Spanish startups, followed by the United States, the United Kingdom, Brazil, Argentina, France, Italy, Portugal, and Germany.
Likewise, the report indicates the "growing level of integration" of Spain into international venture capital networks, with the United Kingdom, France, Sweden, and the United States among the main countries of origin of international funds investing in Spanish startups, while Spanish venture capital firms expand their presence in European and North American markets.
Finally, the Spanish organization highlights Spain's "unique" role as a "strategic bridge between Europe and Latin America," which allows startups, corporations, and investors to "access both markets from a stable, connected, and highly internationalized platform," it maintains.