In 2025, Spain's tech landscape has experienced a remarkable surge, with over €1 billion invested in 95 startups during the first quarter, reflecting a staggering 184% increase from the previous year.

This impressive growth positions Spain as the fourth largest recipient of tech funding in Europe, closely trailing behind Germany and France.

A significant factor driving this funding boom is the global AI surge, exemplified by Spanish companies like Multiverse Computing, which recently secured a substantial $215 million in Series B funding.

The momentum continues into the second quarter, with €910 million already raised, marking a 90% increase compared to the same period last year.

Government initiatives, including tax breaks and a startup visa program, have played a crucial role in nurturing this burgeoning tech ecosystem, despite ongoing political challenges.

Additionally, the government has established a €20 billion state vehicle to support promising startups and has improved regulatory processes for pharmaceuticals.

A new wave of experienced entrepreneurs, dubbed 'mafia founders', is emerging from successful Spanish companies like Glovo and Cabify, injecting fresh energy into the startup scene.

Investors are increasingly recognizing the potential of Spanish startups, with over half of last year's fundraising deals involving foreign investors, indicating a growing interest in the Spanish market.

The work culture in Spain is also evolving, as young entrepreneurs adopt a more balanced lifestyle while remaining dedicated to their ventures.

This shift in mentality among Spanish founders is evident, with increased ambition and confidence being expressed, as highlighted by industry leaders like Borja Solé Fauria of Murphy AI.