About Deep Tech sector in Spain
The Deep Tech sector in Spain comprises 1.46K companies, including 483 funded companies having collectively raised $2.85B in venture capital money and private equity. Out of these, 132 are Series A+ funded, and 1 has achieved unicorn status.
Deep Tech sector in Spain has seen 57 acquisitions and 7 IPOs.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Includes companies implementing technologies like blockchain, artificial intelligence, computer vision, robotics, nanotechnology, IoT into their products. Also includes companies providing infrastructure to develop blockchain, AI, IoT technology such as development tools, smart contracts, and sensor technology, among others. Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among others.
Top Deep Tech Companies in Spain
There are 1,460 Deep Tech startups in Spain which include Wallbox, Multiverse Computing, iPRONICS, PLD Space, SATLANTIS. Out of these, 483 startups are funded, with 132 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 69 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Massachusetts Institute of Technology, University of Edinburgh and University of Oxford.
Here is the list of top Deep Tech startups in Spain
1. Wallbox
Provider of electric-vehicle charging solutions. It designs and manufactures electric-vehicle plug-in charging solutions for personal and commercial purposes. It offers various products offers compact charging solutions for cars, and copper can be used for commercial purposes and semi-public use. It offers touchscreen-enabled charging solutions at corporate parking and others. The mobile application is available for android users.
Key facts about Wallbox
- Founded Year: 2015
- Location: Barcelona (Spain)
- Stage: Public
- Total Funding till date: $70.2M
- Investors: Seaya, Cathay Innovation and 15 Others
- Latest Funding Round: Post IPO, Jun 05, 2025, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 3 of 1,345 Competitors
Provider of AI and QC-enabled software solutions for the finance industry. It provides AI and quantum computing-enabled software solutions for the finance industry. Claims to leverage quantum computing and artificial intelligence technologies to develop solutions related to portfolio optimization problems, risk analysis, and market simulation.
Key facts about Multiverse Computing
- Founded Year: 2019
- Location: San Sebastian (Spain)
- Stage: Series B
- Total Funding till date: $326M
- Investors: Bullhound Capital, Columbus Venture Partners and 26 Others
- Latest Funding Round: Series B, Jun 12, 2025, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 17 Competitors
3. iPRONICS
Developer of lossless optical switches for AI cluster networking. These switches reduce latency for AI inference by avoiding packet queuing and processing. They also significantly reduce power consumption and improve cost-effectiveness by reducing capital expenditure and enabling effortless scaling of workloads. The switches are easily integrated into software-defined networks, allowing for rapid reconfiguration and real-time monitoring. They operate transparently across various bandwidths and modulation formats, maintaining losslessness across the entire O-band. The technology facilitates networking within the optical domain, enhancing AI performance.
Key facts about iPRONICS
- Founded Year: 2019
- Location: Valencia (Spain)
- Stage: Series A
- Total Funding till date: $24.7M
- Investors: Amadeus Capital, Triatomic and 5 Others
- Latest Funding Round: Series A, Jan 28, 2025, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 2 of 26 Competitors
4. PLD Space
Provider of reusable launch vehicles for small payloads. It provides usersd with a company that offers a two-stage launch vehicle and a three-stage launch vehicle for small satellites and cube sats. These can carry and deploy cubes and microsatellites in LEO. The launchers are also provided with a CubeSat rack, single compartment, and double compartment.
Key facts about PLD Space
- Founded Year: 2011
- Location: Elche (Spain)
- Stage: Series C
- Total Funding till date: $139M
- Investors: Arcano Partners, Aciturri and 16 Others
- Latest Funding Round: Conventional Debt, Dec 02, 2024, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 5 of 77 Competitors
5. SATLANTIS
Provider of end-to-end solutions for Earth observation and universe exploration. The company delivers full solutions for small satellites, based on space optics technology. These solutions offer comprehensive coverage across spectral ranges, including video and polarimetry. The company's technology addresses challenges in energy, environment, security, defense, and infrastructure sectors. The offering encompasses customizable hardware, software, and services.
Key facts about SATLANTIS
- Founded Year: 2014
- Location: Bilbao (Spain)
- Stage: Series A
- Total Funding till date: $2.59M
- Investors: Orza, Telefonica and 9 Others
- Latest Funding Round: Series A, Mar 31, 2022, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 2 of 186 Competitors
Companies founded year-on-year in the Deep Tech sector in Spain
119 Deep Tech startups in Spain were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 7 |
2024 | 18 |
2023 | 36 |
2022 | 59 |
2021 | 77 |
2020 | 77 |
2019 | 104 |
2018 | 119 |
2017 | 97 |
2016 | 97 |
Stage-wise distribution of Deep Tech sector companies in Spain
Out of the total 1,460 Deep Tech companies in Spain, 483 have secured funding. Among them, 132 have reached Series A or higher, and 86 to Series B or beyond.
Founded - 1,460
Funded - 483
Series A+ - 132
Series B+ - 86
Series C+ - 72
Company Stage | No. of companies |
|---|---|
Founded | 1,460 |
Funded | 483 |
Series A+ | 132 |
Series B+ | 86 |
Series C+ | 72 |
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Funding Trends in the Deep Tech sector in Spain
Total funding year-on-year in the Deep Tech sector in Spain
The Deep Tech sector in Spain saw a total funding of more than $2.73B in the last 10 years. The most amount of funding was in 2025 at more than $759M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $759M |
2024 | $595M |
2023 | $312M |
2022 | $400M |
2021 | $134M |
2020 | $177M |
2019 | $111M |
2018 | $90.2M |
2017 | $70.8M |
Recent Funding Rounds in Deep Tech in Spain
In the year 2025, till November 2025, Deep Tech companies in Spain have raised $720M in equity funding across 28 rounds.
In the same period last year (i.e. till November 2024), Deep Tech companies in Spain had raised $217M across 35 rounds.
So, 2025 has seen a 230.9% rise in funding in Deep Tech companies in Spain as compared to 2024.
Here are some recent, important funding rounds in Deep Tech companies in Spain:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 9563 | Nov 14, 2025 | ||
Series A | 3202 | Oct 20, 2025 | ||
Series A | 7742 | Oct 15, 2025 | ||
Series A | 8703 | Oct 03, 2025 | ||
Seed | 8705 | Sep 17, 2025 |
Top Investors in Deep Tech in Spain
Plug and Play Tech Center is the top investor in Deep Tech companies in Spain based on number of companies invested.
Here are some top investors in Deep Tech companies in Spain:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Los Angeles (United States) | ||
Stockholm (Sweden) | ||
Hong Kong (China) | - | |
Paris (France) | - |
M&A activity in Deep Tech sector in Spain
In the year 2025, till December 2025, 8 acquisitions happened in Deep Tech sector in Spain. Last year, in 2024, a total of 3 acquisitions happened in Deep Tech sector in Spain.
Here are some recent, important acquisitions in Deep Tech sector in Spain:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 02, 2025 | ||
Business Acquisition | Sep 10, 2025 | ||
Business Acquisition | Aug 19, 2025 | - | |
Business Acquisition | Aug 08, 2025 | ||
Business Acquisition | Jul 01, 2025 |
Acquisition trends in Deep Tech sector in Spain
Here are the acquisition trends in Deep Tech sector in Spain:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 8 |
2024 | 3 |
2023 | 8 |
2022 | 6 |
2021 | 8 |
2020 | 3 |
2019 | 5 |
2018 | 4 |
2017 | 5 |
IPOs in Deep Tech in Spain
In the year 2022, till April 2022, 1 IPO happened in Deep Tech sector in Spain.
Here are some recent, important IPOs in Deep Tech sector in Spain:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 29, 2022 | Euronext Exchange (Euronext) | |
Oct 04, 2021 | New York Stock Exchange (NYSE) | |
Mar 05, 2021 | Frankfurt Stock Exchange (FRA) | |
Feb 25, 2020 | Euronext Exchange (Euronext) | |
Dec 01, 2017 | Madrid Stock Exchange (BME) |
Colleges which produce the most Deep Tech companies in Spain
Companies founded by alumni from top colleges in the Deep Tech in Spain
Most number of Deep Tech startups in Spain have been founded by alumni from Massachusetts Institute of Technology, University of Edinburgh and University of Oxford.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 3 |
University of Edinburgh | 3 |
University of Oxford | 3 |
Columbia University | 2 |
Harvard University | 2 |
INSEAD | 2 |
Universitat de Barcelona | 2 |
University College London | 2 |
University of Bristol | 2 |
University of Cambridge | 2 |
Total funding in Deep Tech companies founded by alumni from top colleges in Spain
In the last 10 years, University of Edinburgh graduates' Deep Tech companies in Spain have raised the most funding among top colleges. Columbia University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
University of Edinburgh | $336M |
Columbia University | $30.7M |
Massachusetts Institute of Technology | $30.6M |
University of Cambridge | $29.1M |
Universitat de Barcelona | $15.9M |
Harvard University | $7.81M |
Technical University of Munich | $3M |
UCLA Anderson School of Management | $1.91M |
INSEAD | $1.23M |
University of Bristol | $473K |
Top News in Deep Tech in Spain
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Robotnik collaborates with energy company on autonomous photovoltaic panel inspectionRoboticsTomorrow•Dec 22, 2025•Robotnik
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Wallbox launches Supernova PowerRing EV fast-charging systemElectric Cars Report•Nov 13, 2025•Wallbox
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Hispasat deploys 55 satellites to support hurricane-hit Jamaicacapacityglobal.com•Nov 10, 2025•Hispasat
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Laboratory Robotics: Robotnik's RB-THERON+ for Automation, Efficiency, and AdaptationRoboticsTomorrow•Oct 27, 2025•Robotnik
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Wallbox Confirms Debt Restructuring with Banco Santander, BBVA and CaixaBankEL PERIÓDICO•Oct 10, 2025•Wallbox
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Wallbox Expands European Presence with New EV Charging at Munich AirportBusiness Wire•Sep 17, 2025•Wallbox
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