02/02/2017
The Barcelona Entrepreneurial Spirit Attracts Important Rounds of Funding
The Barcelona Entrepreneurial Spirit Attracts Important Rounds of Funding
2017 got off to a promising start in the Barcelona entrepreneurial ecosystem with an important round of funding completed by Letgo: last week, this company, which is settled in Barcelona and devoted to the Internet second-hand market, concluded the largest round among Spanish start-ups since 2010: Letgo raised $ 175 million (€ 163 millions).
In general, Barcelona attracts important investments of this kind: in Spain, in the last 7 years, 63% of rounds in technology start-ups larger than € 10 million ended up in Catalonia. A similar percentage is observed for the international venture capital invested in Spain: in 2015, 71% went to Catalonia according to The Spanish Venture Capital & Private Equity Association (ASCRI).
By the way, among the 10 largest rounds ever carried out in Spain, 8 have corresponded to Catalan companies such as Scytl (electronic voting) o Privalia (fashion web portal). The global amount of these rounds in Catalonia corresponds to € 928 million.
According to Inveready Technology Investment Group Director Carlos Conti, this attraction of venture capital to the Barcelona is due to the multiplier effect of the local entrepreneurial ecosystem that is able to attract large business investments and as a consequence, to conclude the largest rounds of funding of technology start-ups.
News based on an article by the Catalan newspaper Ara on January 29, 2017.
In general, Barcelona attracts important investments of this kind: in Spain, in the last 7 years, 63% of rounds in technology start-ups larger than € 10 million ended up in Catalonia. A similar percentage is observed for the international venture capital invested in Spain: in 2015, 71% went to Catalonia according to The Spanish Venture Capital & Private Equity Association (ASCRI).
By the way, among the 10 largest rounds ever carried out in Spain, 8 have corresponded to Catalan companies such as Scytl (electronic voting) o Privalia (fashion web portal). The global amount of these rounds in Catalonia corresponds to € 928 million.
According to Inveready Technology Investment Group Director Carlos Conti, this attraction of venture capital to the Barcelona is due to the multiplier effect of the local entrepreneurial ecosystem that is able to attract large business investments and as a consequence, to conclude the largest rounds of funding of technology start-ups.
News based on an article by the Catalan newspaper Ara on January 29, 2017.
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