About InsurTech sector in Spain
The InsurTech sector in Spain comprises 106 companies, including 36 funded companies having collectively raised $118M in venture capital money and private equity. Out of these, 18 are Series A+ funded.
InsurTech sector in Spain has seen 9 acquisitions and 1 IPO. This represents almost 9.4% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering tech-enabled insurance services and IT infrastructure and software solutions for offering and managing insurance services.
InsurTech sector is also known as Insurance Tech, InsureTech or Insurance IT.
Companies included in InsurTech
Companies offering tech solutions for customers to purchase and manage their insurance and also software products and data solutions primarily for the insurance industryCompanies excluded in InsurTech
Companies offering traditional insurance services like Traditional Insurers, Insurance BPOs, Insurance Distributors, etc.Top InsurTech Companies in Spain
There are more than 106 companies in InsurTech in Spain. Barkibu is the top InsurTech company in Spain, ranked using Tracxn Score (what's this?).
Here are 5 of the top InsurTech companies in Spain:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of health insurance and veterinary services for pets | A Coruna (Spain) | 2013 | Series A | $12M | |
App-based travel insurance platform | Barcelona (Spain) | 2016 | Acquired | $250K | |
Provider of AI-based data and monitoring solutions for car and property insurers | Madrid (Spain) | 2017 | Series B | $15.2M | |
Online life insurance platform for individuals | Barcelona (Spain) | 2021 | Acquired | $5.74M | |
Online point of sale insurance comparison platform for P&C insurances | Barcelona (Spain) | 2019 | Series A | $7.04M |
Companies founded year-on-year in the InsurTech sector in Spain
14 InsurTech startups in Spain were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 3 |
2022 | 5 |
2021 | 4 |
2020 | 6 |
2019 | 14 |
2018 | 5 |
2017 | 10 |
Stage-wise distribution of InsurTech sector companies in Spain
Out of the total 106 InsurTech companies in Spain, 36 have secured funding. Among them, 18 have reached Series A or higher, and 12 to Series B or beyond.
Founded - 106
Funded - 36
Series A+ - 18
Series B+ - 12
Series C+ - 10
Company Stage | No. of companies |
|---|---|
Founded | 106 |
Funded | 36 |
Series A+ | 18 |
Series B+ | 12 |
Series C+ | 10 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the InsurTech sector in Spain
Total funding year-on-year in the InsurTech sector in Spain
The InsurTech sector in Spain saw a total funding of more than $115M in the last 10 years. The most amount of funding was in 2024 at more than $31.8M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $5.38M |
2024 | $31.8M |
2023 | $27.7M |
2022 | $4.51M |
2021 | $25.6M |
2020 | $11M |
2019 | $1.93M |
2018 | - |
2017 | $6.14M |
Recent Funding Rounds in InsurTech in Spain
In the year 2025, till October 2025, InsurTech companies in Spain have raised $5.38M in equity funding across 3 rounds.
In the same period last year (i.e. till September 2024), InsurTech companies in Spain had raised $31.6M across 4 rounds.
So, 2025 has seen a 83% drop in funding in InsurTech companies in Spain as compared to 2024.
Here are some recent, important funding rounds in InsurTech companies in Spain:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 2899 | Oct 07, 2025 | ||
Seed | 8927 | Apr 03, 2025 | and 1 more | |
Series A | 2476 | Jan 23, 2025 | ||
Series A | 3381 | Sep 20, 2024 | ||
Series B | 1081 | Sep 19, 2024 |
Top Investors in InsurTech in Spain
Plug and Play Tech Center is the top investor in InsurTech companies in Spain based on number of companies invested.
Here are some top investors in InsurTech companies in Spain:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Madrid (Spain) | ||
Zurich (Switzerland) | aira system and COBERIO | |
Paris (France) | - | |
Madrid (Spain) | - |
M&A activity in InsurTech sector in Spain
In the year 2025, till October 2025, 3 acquisitions happened in InsurTech sector in Spain. Last year, in 2024, a total of 1 acquisition happened in InsurTech sector in Spain.
Here are some recent, important acquisitions in InsurTech sector in Spain:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 29, 2025 | ||
Business Acquisition | Feb 10, 2025 | ||
Business Acquisition | Jan 28, 2025 | - | |
Business Acquisition | Sep 11, 2024 | ||
Business Acquisition | Aug 29, 2022 |
Acquisition trends in InsurTech sector in Spain
Here are the acquisition trends in InsurTech sector in Spain:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 1 |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | 2 |
2018 | 2 |
2017 | - |
IPOs in InsurTech in Spain
In the year 2021, till April 2021, 1 IPO happened in InsurTech sector in Spain.
Here are some recent, important IPOs in InsurTech sector in Spain:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 30, 2021 | Madrid Stock Exchange (BME) |
Colleges which produce the most InsurTech companies in Spain
Companies founded by alumni from top colleges in the InsurTech in Spain
Most number of InsurTech startups in Spain have been founded by alumni from London Business School (LBS), Booth School of Business and Harvard Business School.
College | No. of companies |
|---|---|
London Business School (LBS) | 3 |
Booth School of Business | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
University of California (Los Angeles) | 1 |
University of Chicago | 1 |
University of Pennsylvania | 1 |
Wharton School | 1 |
Total funding in InsurTech companies founded by alumni from top colleges in Spain
In the last 10 years, London Business School (LBS) graduates' InsurTech companies in Spain have raised the most funding among top colleges. Booth School of Business and University of Chicago alumni are second.
College | Total Funding |
|---|---|
London Business School (LBS) | $25.6M |
Booth School of Business | $5.2M |
University of Chicago | $5.2M |
Harvard Business School | - |
Harvard University | - |
University of California (Los Angeles) | - |
University of Pennsylvania | - |
Wharton School | - |
Top News in InsurTech in Spain
•
S&G Response Partners With Bdeo AI to Streamline and Empower Claims ManagementFintech Finance•Jan 21, 2025•S&G Response, Bdeo
•
•
•
MGA Vi Digital partners with inari for tailored underwriting platform solutionReinsurance News•Nov 21, 2023•, Inari, Inari
•
Bolsa Social appoints Fernando Summers, former CEO of Rastreator, CEOpressdigital.es•Nov 14, 2023•La Bolsa Social, Rastreator
•
Línea Directa loses 14.7 million until September, although it gains 0.9 million in the third quarterEl Confidencial Digital•Oct 27, 2023•Linea Directa Aseguradora, Línea Directa
•
Invesco reduces its stake in Línea Directa to 2.5%El Confidencial Digital•Oct 25, 2023•Invesco Mutual Fund, Linea Directa Aseguradora
•
•
•
