Facts and figures: the Spanish startup ecosystem in H1 2015
Robin Wauters
On a mission to boost the competitiveness of the European technology, startup and investment ecosystem(s), and help the Belgian tech ecosystem reach the next level while at it.
(From Tech.eu):
Since August is just around a corner and most people go away for a few days, we thought it would an appropriate time to take a look at what has happened in the first half of the year in Spain.
If today’s investment pace continues, 2015 most likely will be a record year in the young history of the Spanish startup ecosystem. According to Venture Watch (report), local technology companies raised €200 million in the first six months of the year. This represents 62% and 80% of all equity investments in 2014 and 2013, respectively.
In H1 2014 the total amount was €85 million, so we’ve seen a 134% increase in investment activity. What’s also interesting is the fact that the number of deals (91 vs. 71), average round size (€33m vs. €14m) and median round sizes (€23m vs. €13m) have increased significantly.
This analysis from Venture Watch (VW) doesn’t include Wallapop’s €100 million round led by Fidelity, which apparently has been confirmed by the firm itself but not by the company. Had the deal been fully confirmed, the aforementioned growth figures would have been much higher.
VW did include in its report Olapic, the online marketing startup co-founded by two Spaniards but based in New York City.
It’s worth remembering that, although these numbers and percentage increments might seem high, they’re still relatively small compared to other ecosystems like the UK, Germany, France or the Nordics.
FOR THE FULL ARTICLE, PLEASE CLICK HERE.
Featured image credit: Lena Ivanova / Shutterstock