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Catalan Startups Break €1.8 Billion Funding Record as Spain’s Tech Industry Expands

It coincides with regional centres ramping up investment to match surging demand in Spain’s expanding tech market.

Overview

  • Catalan startups raised €1.797 billion in 2024, more than doubling 2023’s total and exceeding the previous high from 2021 by 20%.
  • Spain’s tech ecosystem grew 22% to 8,580 active companies, generating 108,000 jobs and €14.8 billion in annual economic impact.
  • Madrid ranks second with 2,189 tech firms and has seen revenue and employment growth outpace Catalunya despite lower capital raised last year.
  • The Valencia region hosts 966 tech companies that support 8,566 jobs and €1.8 billion in turnover, backed by €112 million in 2024 funding and strong institutional support.
  • Andalusia consolidated its ecosystem with 714 companies producing 6,388 jobs and €747 million in turnover, while women comprise just 17–18% of tech founders nationwide.