Valencian Community is the third region in spain that has attracted the most investment in the last five years

The Comunidad Valenciana has solidified its position as the third largest tech hub in Spain. According to the latest report, “The Spanish Tech Ecosystem,” the region has attracted €448 million in investment over the past five years, placing it ahead of other national ecosystems such as the Basque Country and Andalusia, and just behind Catalonia and the Community of Madrid.

The report, created by Dealroom in collaboration with Kfund, Wayra, Spaincap, Endeavor, Gohub Ventures, BBVA Spain, and Enisa, highlights that the Comunidad Valenciana is also one of the regions that has seen the most growth in investment between 2019 and 2023. Specifically, venture capital growth in the region was 392%, compared to 37% in the Community of Madrid and a 35% decline in Catalonia.

In terms of city-specific investments, Valencia and Alicante secured a combined total of €58 million in 2023. Valencia alone attracted €46 million, surpassing cities like San Sebastián, Bilbao, and Palma, while Alicante secured €12 million, ahead of Málaga.

The report emphasizes significant investments in Climate Tech/Clean Tech, Biotech, Mobility, and Health sectors in Spain. These sectors are particularly prominent in the Valencian ecosystem. Clean Tech/Sustainability experienced remarkable growth of 35.35% in 2023, according to the Valencian Community Startup Observatory Report by Startup Valencia. Approximately 5.45% of startups in the region operate in this sector, making it the sixth largest by the number of startups.

Health is another key sector in the Comunidad Valenciana, with 6.27% of startups operating in this field, ranking it third. Mobility also ranks in the top ten, with 4.23% of startups.

Juan Luis Hortelano, President of Startup Valencia, stated, “These figures validate the efforts of the Valencian innovation ecosystem to continue positioning itself globally. At Startup Valencia, we will continue working with other stakeholders to attract investment to the region, promote the Valencian innovation ecosystem, and highlight VDS as an international tech event that has become a key reference in Southern Europe, transforming Valencia into a global tech hub.”

Nationally, the report notes that Spanish startups exceeded €100 billion in valuation in 2023, with €2.2 billion in investment. The Spanish tech ecosystem is one of the fastest-growing in Europe over the past five years, second only to Norway.

In 2023, Spain ranked fourth in terms of the number of funding rounds and early-stage VCs, and seventh in capital investment. Additionally, the country is seventh in unicorn creation.