Unleashing the New Wave of Spanish Tech Fervor: The Surging Startup Mentality and the Tech Gold Rush

Spain’s tech scene basks in an extraordinary glow. The first quarter of 2025 saw venture capitalists pump over €1bn into 95 startups, representing a gargantuan 184% increase from the same period last year. One week shy of Q2, there’s been a 90% rise in funding compared to Q2 2024, with €910m amassed in 95 equity rounds. Spain now treads closely behind behemoths Germany and France, securing the fourth spot for overall tech funding in Europe.

This unprecedented surge has been attributed to a swift and significant shift in the Spanish tech scene’s mindset. Rounds are larger, velocity heightened and ambitions soaring. The game-changing attitude is most noticeable in cutting-edge sectors such as artificial intelligence. A perfect exemplar is Europe’s AI industry centralized mainly in France, the UK, Germany, and Sweden. There’s one standout Spanish player, Multiverse Computing, which is making waves by developing innovative technology to compress large language models.

The government is not a passive observer but an active enabler of this Spanish tech renaissance. It’s making waves with its tech-friendly policies, creating a conducive environment for this gargantuan growth.

The momentum shows no signs of abating as the entrepreneurial community buzzes with news of substantial deals. Renowned VCs like Andreessen Horowitz and Bessemer are in the lineup of upcoming robust rounds, reinforcing the vibrant optimism in the Spanish tech scene. According to Nico de Luis, co-founder of Shakers, the Spanish tech scene is bustling with a powerful generation of entrepreneurs and expects this optimistic trend to continue.