Dealroom：2025年西班牙科技生态系统报告（英文版）

Spainʼs enterprise value has more than doubled since 2020 and exceeds €110B. VC investment reached €1.9B in 2024. 2025 has already surpassed it, with €950M raised in Q1, the highest Q1 since 2021, and €1B raised in Q2, marking the strongest Q2 on record. Spain has produced over 3,000 startups, most still at early stage. Its graduation rate to Series A remains below the European average, and VC funding skewed early until 2024. But 2025 marks a clear shift, with late-stage rounds picking up.