Spain's entrepreneurial ecosystem is experiencing a period of great dynamism, in which both startups and institutional Venture Capital and Venture Capital funds have reached a sufficient degree of maturity.
On March 29, the Report from Webcapital“ Maturity of Venture Capital in Spain” an in-depth analysis of the ecosystem Venture Capital, which reviews the changes in this investment sector in recent years in Spain. The main change experienced by Venture Capital in Spain has been the massive inflow of international investors, a figure that has multiplied x5 in the last five years. As a result, Spain has definitively established itself as one of the countries where very profitable transactions can be closed. The report also highlights the Role of accelerators and crowdfunding platforms as positive agents for the Spanish entrepreneurial and investment ecosystem. The largest organization of Business Angels, the size reached by some startups or the contribution of public agents such as Enisa or FundICO Global, are other factors that have also participated in this positive change of Venture Capital. In this sense, it can be said that Spanish Venture Capital has reached a sufficient degree of maturity such as to give rise to more divestment operations in favor of large industrial groups, Private Equity funds or possible IPO.Venture Capital's international funds arrived massively between 2011 and 2016. In total 103 funds from 17 countries, of which more than half come from the United States. investor specialization it has also positioned itself as a key concept, especially those that are focused on Internet and communications sectors. The number of startups that have received more than 8 million euros in funding since 2000 has multiplied x6, with almost 4 co-investments per company on average. International investors are those who invest, on average, more than 5 million euros on average, while domestic VCs provide smaller tickets. Finally, the Report emphasizes that “despite the degree of euphoria that is now being breathed in Spanish entrepreneurship, we must not forget that Venture Capital has only two decades of history and that there is still a long way to go.” Source: Report “Maturity of Venture Capital in Spain”
