The investment raised by Spanish startups will close 2024 at around $1,437 million (around €1,400 million at the current exchange rate), a figure similar to last year, according to forecasts included in the report ‘The state of European technology’. prepared by British venture capital firm Atomico.
“In Spain, the panorama has not changed significantly in terms of investment. Spanish companies are on track to raise $1,437 million this year, at levels similar to last year. Spain has the highest figure in the south of the continent in terms of investment, surpassing countries like Italy ($900 million) and Portugal ($100 million),” details the British fund.
In this sense, The company highlights that between 2005 and 2014, Spanish startups raised around $1.7 billion. (approximately 1.632 million euros).
Furthermore, he points out that ten years ago, in Spain, There were only three “unicorn” companies, those created less than 10 years ago which, without being listed on a stock exchange or having been acquired by a third party, reach a value of 1,000 million dollars or more worldwide, and there are currently 14 of them.
According to the report, across Europe, emerging companies raised around $45 billion (€43.2 billion), or around $47 billion (€45.1 billion) per year. previous year.
“‘The State of European Tech 2024’ combines quantitative data from all 41 European countries and includes a survey of thousands of founders, operators and investors to understand what is really happening in the European technology sector. This year’s report concludes that European technology has made significant progress over the past ten years, today becoming the leader in the early-stage startup scene,” Atomico explained.
The authors of the report also They point out that in 2015, London was the only European city to appear on the world’s top ten “hubs” list. thanks to the funds raised for early-stage startups.
In this sense, London has risen to second place in the world in 2024, while Berlin and Paris are now also in the top ten.
“However, a number of issues are preventing the ecosystem from reaching its full potential: unlocking growth-stage capital, liquidity, customers, regulatory dynamism, global talent competitiveness and commercialization of research and development,” the study added.
Atomico also highlighted that there are currently around 35,000 “early stage” startups in Europe, “more than any other region in the world”even if the ecosystem of the Old Continent “must fill a critical financing gap in the growth phase”.
