1、Spanish Tech Ecosystem.October 2021Work in progressWhy this reportASCRI is the association that brings together Venture Capital & Private Equity firms in Spain, representing their interests. As a participant in the UN Global Compact, one of ASCRIs main objectives is to promote the sustainability of
2、its members and their investee companies.Kibo Ventures is a sector-agnostic European early-stage VC based in Spain with 240M AUM, 60+ investments, 10+ relevant exits, 3 unicorns and 1 IPO. The High Commissioner for Spain Entrepreneurial Nation is the authority in the Presidency of the Government of
3、Spain responsible for promoting the Spain Entrepreneurial Nation Strategy, a plan that aims to generate a new economic model based on innovative entrepreneurship.Dealroom.co is the foremost data provider on startup, early-stage and growth company ecosystems in Europe and around the globe. Spain has
4、been a startup ecosystem flying under the international radar. This new report, bringing together leading players in the Spanish tech ecosystem for the first time, looks to shine a light on the growth dynamics and challenges for the burgeoning tech ecosystems of Spain.Madrid and Barcelona are now es
5、tablished, attractive startup hubs, but many other towns and cities are now fostering startup activity and attracting investor attention.Excluding outlier megarounds, VC investment in Spanish startups grew faster than any other country in Europe besides the Netherlands in the first half of 2021.And
6、yet there is still huge capacity for growth. Investment is still largely dominated by domestic players, and addressing key challenges around talent could unlock significant ecosystem growth.This report lays out the state of play in Spanish tech, startups and VC.Endeavor is the worlds leading communi