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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.

Jornada inaugural de la 14 edición de The Way Startup Summit, celebrada a comienzos de este mes en Vigo.
Marina de Empresas, polo tecnológico de València.
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La zona de acceso al 4YFN, la zona para emprendedores e inversores del Mobile World Congress

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.