Are you looking for the best startups to keep an eye on in Spain? From innovative fintech companies to groundbreaking tech companies, the Spanish startup scene is booming. In this blog post, we'll be exploring some of the top startups that have recently made their mark on Spain's vibrant startup ecosystem.
Spain's startup ecosystem is ranked 15th in the world, according to StartupBlink.
Top Startups in Spain (2024 - List)
Here are some of the top startups in Spain:
1. Factorial
Founders: Bernat Farrero, Jordi Romero, Pau Ramon
Total Funding Amount: $220M
Founded Year: 2016
With their innovative solutions, they are revolutionizing how companies automate their HR processes. They offer a comprehensive suite of tools and features that help businesses operate more efficiently. Whether it's streamlining recruitment processes, managing payroll, or facilitating employee onboarding, Factorial has got it covered.
2. Typeform
Founders: David Okuniev, Robert Muñoz
Total Funding Amount: $187.3M
Founded Year: 2012
With its no-code SaaS tools, Typeform has changed the game for engaging with audiences and growing business. Gone are the days of clunky online surveys and forms. Instead, Typeform offers a sleek and intuitive platform that is both visually appealing and user-friendly. Whether you're looking to gather customer feedback, run a contest, or even create an interactive quiz, Typeform has you covered.
3. Job&Talent
Founders: Felipe Navio, Juan Urdiales
Total Funding Amount: $1.3B
Founded Year: 2009
By leveraging cutting-edge technology, Job&Talent provides a comprehensive suite of services to both job seekers and employers. From job matching algorithms to on-demand workforce management, Job&Talent is at the forefront of modernizing the global job market. With its commitment to innovation and excellence, Job&Talent is poised to continue leading the way in the future of work.
The total value of Spanish startups has reached 93 billion euros. - Source: Dealroom
4. Impress
Founders: Diliara Lupenko, Khaled Kasem, Vladimir Lupenko
Total Funding Amount: $180.8M
Founded Year: 2019
When it comes to orthodontic technology, Impress is without a doubt a name that you should remember. Impress is a company that offers invisible aligners that can help align your teeth without anyone noticing. With the help of cutting-edge technology, Impress has designed its aligners to cater to the specific needs of each client.
5. Jeff
Founders: Adrián Lorenzo, Eloi Gomez, Rubén Muñoz Trapote
Total Funding Amount: $130.4M
Founded Year: 2015
As a tech platform, Jeff boasts incredible features that allow users to run their entire enterprise from one neatly organized interface. But perhaps its most unique and valuable aspect is its mobile application, which gives businesses the means to connect with customers like never before. With Jeff, companies can reach out to their customers, offer unparalleled customer service, and gain valuable insights that help drive their success.
Spain's startup ecosystem attracted €4 billion in VC investment in 2022, its second-best year on record. - Source: Dealroom
6. Wallapop
Founders: Agustin Gomez, Gerard Olive, Miguel Vicente
Total Funding Amount: €239.6M
Founded Year: 2013
Wallapop provides a convenient way for individuals to buy and sell secondhand goods in their local area. Whether you're looking to declutter your home or find a great deal on a specific item, Wallapop brings buyers and sellers together on a mobile platform. With easy-to-use features, such as in-app messaging and location-based listings, Wallapop makes it simple to connect with potential buyers or sellers in your community.
7. RITMO
Founders: Ivan Peña Uribe, Iñaki Mediavilla, Pablo Gasalla, Prageet Sharma, Raimundo Burguera
Total Funding Amount: $220M
Founded Year: 2021
RITMO is an all-in-one cash flow management platform designed to help e-commerce businesses in Europe and Latin America manage their cross-border payments and access funding with ease. By providing flexible financial solutions, RITMO enables e-commerce entrepreneurs to spend less time on financial management and more time on growing their businesses.
8. Yaba
Founders: Alejandro Fresneda, David Baratech, Ruben Ferreiro, Sergi de Pablos
Total Funding Amount: $144.5M
Founded Year: 2020
In the fast-paced world of online business, success depends on being ahead of the curve. Yaba has made it their mission to do just that. Acquiring online businesses and then employing the most cutting-edge marketing and operational tactics, they helps their portfolio companies scale quickly and efficiently. Yaba understands that the world of e-commerce is constantly evolving.
9. Tiko
Founders: Ana Villanueva, Can Günay, Paco Sahuquillo, Sina Afra
Total Funding Amount: $116.4M
Founded Year: 2017
Tiko is one of the most innovative tech companies in the property tech industry. With a focus on disrupting the traditional home buying and selling process, Tiko has established itself as the leading iBuyer in Spain. Using cutting-edge technology and data-driven algorithms, Tiko provides homeowners with a fast, hassle-free way to sell their property.
Spain is home to over 411 venture capital firms. Source: Tracxn
10. Exoticca
Founders: Jesus Rodriguez Fernandez, Marti Guasch Mercade
Total Funding Amount: €85.7M
Founded Year: 2014
The world is full of exciting destinations waiting to be explored, and Exoticca is here to make it easier for you to experience them. With their user-friendly online booking platform, planning your next adventure has never been simpler. Whether it's a tropical escape, an immersive cultural journey, or an adrenaline-pumping adventure you're after, Exoticca has you covered with its wide selection of travel tour package deals.
11. Cobee
Founders: Borja Aranguren Herrera, Daniel Olea Martin, Nacho Travesi
Total Funding Amount: €56.5M
Founded Year: 2018
With its innovative technology, this fintech startup has created an online platform that streamlines the entire process and simplifies everything for both employers and employees. Gone are the days of complex paperwork and confusing systems that leave everyone feeling frustrated and overwhelmed. Now, with Cobee, everything is organized and efficient, which means everyone can focus on their work and not worry about managing their benefits.
Most Asked Questions
1. Is Spain good for startups in 2024?
Spain has become a favorable destination for entrepreneurs in recent years due to its growing tech scene, attractive living standards, and supportive government initiatives. With a highly-skilled and multi-lingual workforce, Spain offers the perfect mix for businesses seeking to broaden their reach. Startups in Spain have access to an abundance of accelerators, incubators, and funding opportunities in cities such as Madrid, Barcelona, and Valencia, all of which have established communities of entrepreneurs and investors. Overall, Spain is a favorable destination for tech startups, with a dynamic ecosystem that can help them grow and thrive.
The Spanish startup ecosystem is characterized by a unique dual-hub structure, with two major centers of activity in Barcelona and Madrid, and a number of other smaller but thriving startup scenes in cities such as Valencia, Bilbao, and Málaga.
2. What are the most successful startups in Spain?
Spain's startup scene has been flourishing in recent years, and there are a few standout companies that have really made a name for themselves. Among the most successful startups in Spain are Factorial, Typeform, and Job&Talent.
3. What are the advantages of starting a business in Spain?
Spain is a country that offers a lot of advantages to entrepreneurs looking to start a business there. Firstly, it boasts a strategic location that provides easy access to markets in Europe, Africa, and Latin America. Additionally, Spain has a rich and diverse cultural heritage that attracts tourists from all over the globe, creating numerous opportunities for businesses in the tourism industry. Furthermore, the Spanish government has implemented favorable policies and incentives aimed at attracting foreign investors. The country also has a well-educated workforce and offers competitive salaries, making it an ideal place for companies looking to expand their operations. Finally, the living standards in Spain are high and the cost of living is relatively low, making it an attractive destination for entrepreneurs seeking to relocate or expand their businesses. These advantages make Spain a top contender for anyone looking to start a new business venture.