On July 14, CaixaBank and IESE Business School presented
the first study on
the entrepreneurial ecosystem in Spain and Portugal.
According to the analysis based on 993 representative start-ups from the Iberian Peninsula (25% of the fabric according to the report), among the 272 start-ups that achieved their last round of financing between 2018 and 2019, 71 Catalan start-ups succeeded in
attracting €25.4 million of the total €77 million raised. They are followed by Madrid (17.2 million, 58 start-ups) and the Valencian Community (9.8 million, 20 start-ups). Including all the possible sources of funding, the report estimates that start-ups raised more than €700 million in the last two years, including 500 million in capital, 4 times more than in the previous report.
The
Environmental Impact sector is the most represented (24%), followed by Health (14%), PropTech (technology / real estate sector) (11%) and Mobility (9%). Regarding the most outstanding technologies on which their products/services are based,
51% are defined as Software & Platforms, 36% are based on Data Analysis, 24% on Artificial Intelligence and 20% on the Internet of Things (IoT).
IESE head of the study Maria Júlia Prats estimates that these companies will need
another €700 million for the next 2-5 years to remain well capitalized, without counting the coronavirus factor that could require twice as much.
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