Investment in Spanish startups 2025 has had a strong start: over €300 million in funding during the first quarter of the year confirms the dynamism of the national tech ecosystem. Despite global uncertainty, Spain is solidifying its position as a key destination for investors interested in sectors such as technology, biotechnology, fintech, and proptech.
In the first few months of the year, several companies successfully closed significant funding rounds, enabling them to accelerate their expansion, enhance their innovative solutions, and strengthen their presence in strategic markets. These operations, totaling more than €300 million, showcase the ability of Spanish startups to attract capital and transform their industries.
Here’s a look at some of the standout funding rounds from this period:
TravelPerk raised a €190 million Series E round in January, led by venture capital firms Atomico and EQT Growth. The funds will be used to accelerate growth—particularly in the U.S. market—and to make significant investments in product, technology, and artificial intelligence, cementing its position as the leading travel and expense management platform for SMEs and enterprises.
Quibim closed a $50 million Series A round in January, led by Asabys and Buenavista Equity Partners, with participation from GoHub Ventures. The company will use the funds to strengthen its expansion in the U.S. and develop AI models applied to medical imaging, driving the creation of human digital twins and improving healthcare delivery.
Pangea Aerospace, a startup specialized in propulsion systems for the aerospace sector, secured a €23 million investment in a round led by Hyperion Fund. This capital will fuel Pangea’s European expansion and help it grow its private client base while joining programs from the European Space Agency (ESA) and other space agencies.
Prophero raised €16 million in February in one of the largest Series A rounds in Spain’s PropTech sector in recent years. The investment will focus on strengthening its tech platform and expanding its customer base.
Embat secured €14.7 million in a round led by Creandum, with participation from Samaipata, 4Founders, and Venture Friends. The funds will be allocated to product development, market expansion, and strategic partnerships across Europe.
Flanks, a fintech specializing in wealth service automation, closed a €14 million funding round in early March. The round was led by Motive Ventures and Battery Ventures. The capital will support the company’s growth in Europe and the continued development of its technology platform.
Cafler, winner of the Growth category at the 2023 VDS Startup Competition, closed a €10.5 million round in February. The startup, which focuses on vehicle maintenance and repair services, will use the capital injection to expand its market presence and enhance its service offering.
Imperia, a Valencia-based startup specializing in tech solutions, raised €10 million in February in a round led by Burda Principal Investments and Samaipata. The funds will be used to drive international growth and improve product development.
Zynap secured €5.7 million in a round led by Kibo Ventures and Kfund in January. The investment will allow the company to enhance its generative AI solutions aimed at combating cybercrime.
Nido, which focuses on the commercialization, design, and installation of aerothermal systems for the residential sector, closed a €5 million round in January. The funds will be used to integrate AI into its platform, grow its engineering team, and optimize its marketplace.
Weecover, a Barcelona-based insurtech, raised €4.2 million in January in a round led by Swanlaab Venture Factory and Nauta Capital. The investment will support its growth and international expansion plans.
Flowww, a startup offering specialized software for beauty, aesthetic medicine, and health, secured a €4 million investment in March with participation from Swanlaab, Bonsai Partners, and Banco Sabadell. The funding will accelerate its international expansion and strengthen its market position.
Smart Vitamins, a biotech company from Galicia, raised €2.1 million in March. The funds will be used to advance the first clinical trial of its SV B – I therapy.
Evolving Therapeutics received a €100,000 investment from Angels, the investment arm of Juan Roig, in January. The biotech startup will use the capital to expand its lab at the Science Park of the University of Valencia and grow its team, strengthening its innovation capabilities and development.
Additionally, Banco Sabadell announced in February, through its BStartup program, that it will double its investment budget in 2025, increasing its ticket size to €200,000 per company. The bank also introduced nine new startups joining its portfolio: Cofers, Dost, Emily AI, Kloutit, Neural Trust, QCentroid, Remuner, Plesh, and xNova.
These operations reflect the diversity and ongoing growth of Spain’s entrepreneurial and tech ecosystem, which is moving forward with confidence in 2025.
