Startup funding in Spain 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Spain raised $2.1B in 153 venture rounds from January to September 2026, 11th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
7 rounds of $100M or more hold 64.2% of that money. Without them, Spain raised $750M, 15th of 119 countries.
Largest round
The largest round was Multiverse Computing in Donostia-san Sebastián: $570M, Series C, in July 2026.
Cities
Donostia-san Sebastián startups raised $589M, 28.1% of the national total, ahead of Barcelona with $556M.
Cities without rounds of $100M or more
Without its 1 round of $100M or more (Multiverse Computing), Donostia-san Sebastián falls behind Barcelona: $406M to $19M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 140 rounds, $539M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Donostia-san Sebastián | 4 | $589M | $19M | 1 |
| Barcelona | 57 | $556M | $406M | 1 |
| Madrid | 38 | $404M | $171M | 2 |
| Valencia | 12 | $161M | $36M | 1 |
| Camarma De Esteruelas | 1 | $140M | $0 | 1 |
| Elche | 1 | $125M | $0 | 1 |
| Noáin | 1 | $21M | $21M | 0 |
| Sevilla | 5 | $17M | $17M | 0 |
| Paterna | 1 | $17M | $17M | 0 |
| Ciudad Real | 1 | $15M | $15M | 0 |
| Arosteguieta | 1 | $6M | $6M | 0 |
| Touro | 1 | $6M | $6M | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Multiverse Computing | Donostia-san Sebastián | Series C | 2026-07-27 | $570M |
| Factorial | Barcelona | Series D | 2026-06-03 | $150M |
| EOS-X Space | Camarma De Esteruelas | Series D | 2026-05-12 | $140M |
| Xoople | Madrid | Series B | 2026-04-06 | $130M |
| PLD Space | Elche | Series C | 2026-09-01 | $125M |
| iPronics | Valencia | Series B | 2026-09-02 | $125M |
| Job&Talent | Madrid | Series G | 2026-07-06 | $104M |
| Ona Therapeutics | Barcelona | Series B | 2026-06-04 | $87M |
| THEKER Robotics | Barcelona | Series A | 2026-06-11 | $85M |
| Anaconda BioMed | Barcelona | Series C | 2026-09-23 | $56M |
Method
153 rounds in Spain in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 135 of the 153 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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