Investments from international VCs in Spanish startups reaches highest level ever

foreign vcs spanish startups
Written by Jaime Novoa

We’ve got a record: 27 international Venture Capital firms backed Spanish startups in the first nine months of 2014, surpassing the 26 investments made in 2013.

international venture capital spain startups

While the Spanish government continues to make life harder for startups… international Venture Capital firms are more keen on the Spanish ecosystem than ever.

According to a report from ASCRI and Webcapitalriesgo, 27 international VCs invested in local startups in the first three quarters of 2014.

This represents a record for the country, surpassing in just 9 months the 26 investments made in 2013 from foreign VCs. In 2012 the number was just eight, which shows the surging interest of international firms in Spanish startups.

The following startups attracted the attention -and money- of foreign VCs in the first three quarters of 2014:

  • Scytl: Vulcan Capital, Industry Ventures, Adams Street, SAP Ventures and Vy Capital.
  • CartoDB: Earlybird Venture Capital.
  • Packlink: Accel Partners.
  • Wallapop: Accel Partners.
  • Social Point: Greylock Partners and IDInvest Partners.
  • Kantox: IDInvest Partners and Partech Ventures.
  • Fon: Qualcomm Ventures.
  • peerTransfer: Devonshire Investors, QED Investors and Spark Capital.
  • Omnidrone: Nokia Growth Partners and London Venture Partners.

And here’s a more complete list of big international VC funds that have backed Spanish startups over the past few years.

international vcs spain

About the author


Jaime Novoa

Jaime Novoa is the Founder of Novobrief.

He is a technology writer turned investor at Madrid's K Fund. He was also a data analyst at