Spain is one of the countries that has the participation of numerous startups, many of them have obtained high ratings, reaching more than 1,000 million euros. In addition, they have managed to position themselves in a better position than the previous year.
According to a report by CB Insights, America continues to stay on top. But Spain is not far behind, it continues to grow, and faster and faster. A study conducted by Dealroom declares that the ecosystem of emerging companies in Spain has reached 46,000 million of euros globally, while a few years ago, the amount did not exceed 10 billion euros. Most of the companies that have made Spain have this position are Spanish, while a small percentage, exactly 15% of foreign companies.
It should be noted that these companies move within the field of technology and the digital transition, and that, in addition, there is a delay in the adoption of electronic commerce. As shown in a report made by the Organization for Economic Cooperation and Development (OECD). Despite this, the OECD ranks Spain as one of the best countries to create businesses.
Spanish unicorns
Jobandtalent is a Spanish startup dedicated to technology. It carried out a Series E funding round in which it managed to raise a total of € 400 million. In this way, he managed to obtain a valuation of more than 2,000 million euros and thus become a unicorn company.
Cabify, a Spanish transport company, is another of the companies to become a unicorn, reaching a total valuation of € 1.4 billion. It should be noted that it was the first company, within the mobility sector, to be renewable.
Wallbox is a Catalan company dedicated to charging electric vehicles. It emerged in 2015, and in February 2021 they took the leap and became a unicorn company. It was on that date that they closed a financing round of 33 million euros with the aim of expanding into new markets and meeting world demand. In this way, the company obtained a valuation of 1,230 million euros.
Copado is a development platform for Salesforce in order to help SMEs and large companies. Last September 2021 it closed a financing round of 118 million euros, thus obtaining a € 1,014 million valuation.
Glovo is a Spanish home delivery startup. Around April, the Catalan company closed one of its largest financing rounds for a value of 450 million euros, one of the largest rounds carried out in the country. In this way it managed to become a unicorn company.
World unicorn companies
Regarding the most demanded foreign unicorn companies in this past 2021 they have been the following: Bytdance, Spacex and Raya. Although there are also Klarna Y Canva, according to data from CB Insights. If you want more information about this, click here.
Profitability of the new Startups Law
The new one Startup Law, approved last September 2021 in the Council of Minister by Nadia Calviño, First Vice President and Minister of Economic Affairs and Digital Transformation, will favor startups in our country, which is why numerous startups have emerged.
As stated Calviño on the official page of The Moncloa: “The law is especially designed to create opportunities for young people and attract investment and talent.”
The fact of implementing this new law in the country, in addition to offering a greater number of jobs, will make Spain one of the best countries in which to invest.
The Law declares that startups will be considered those that are innovative, that have been created recently, or that have a up to 5 years old; except, 7 years, those companies that are related to the field of technology, energy or industrial, that have their headquarters or establishment in Spain, that have not distributed dividends or are not listed, and that have income of up to 5 million euros.