The economy of Spain is 12th largest in world, with a nominal GDP of USD 2.042 trillion. Spain economy is dominated by its service sector, comprising 75.3% of the GDP and employing 76.1% of the labour force. European Union is the largest trading partner of Spain.
Spain has a thriving startup ecosystem supported by key factors like its location, access to sea routes with modernised ports, development of industries, developed cooperative banking sector, developed social market economy, rich in natural resources, highly efficient and strong social security system, also developed in exports top-ranked educational institutions and government regulations. The majority of Spain startups are located in Madrid and Barcelona.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of SpainTech 2026’– an exclusive list of the most promising SpainTech startups that have also reached significant valuation milestones over the previous few years.