A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Spain has more than 68.8K+ startups. Of these, 6 have become Unicorns, with the latest entrant to the club being Factorial on Oct 11, 2022. In 2026, Spain has seen no new unicorn startups.
Globally, Spain is number 23 in terms of total Unicorns created, behind Vietnam (7 unicorns) at rank 22 and Finland (7 unicorns) at rank 21. Madrid leads the list of cities in Spain with most unicorns at 4. It is followed by Barcelona (2 unicorns). Among sectors, Consumer has seen the most unicorns created at 3, followed by Enterprise Applications at 2, and Gig Economy at 2
Here is a list of all 6 unicorns created in Spain:
6. Factorial
Factorial joined the Unicorn Club on Oct 11, 2022 after raising a $120M Series C funding round led by Atomico, valuing it at $1B.
Provider of business management software for human resources and finance. The software automates repetitive tasks related to time management, talent acquisition, and payroll. It offers tools for employee performance tracking, onboarding, and training. The platform provides features for expense management, project oversight, and electronic signatures.
Key facts about Factorial
5. Recoverfiber
Recoverfiber joined the Unicorn Club on Jun 11, 2022
Manufacturer of recycled cotton fiber and fiber blends for textiles. The company transforms textile waste into valuable recycled cotton fiber. It integrates its process into the supply chain with strategic partners. The company offers blended fibers made with color-matched recycled cotton and recycled polyester. It also provides fabrics and unbranded basic garments.
Key facts about Recoverfiber
- Founded Year: 1947
- Location: Madrid (Spain)
- Stage: Series D
- Primary Sector: Advanced Materials, Fashion Tech and Solid Waste Management Tech
- Time to Unicorn: 75 years 5 months
- Top investors : STORY3 Capital Partners, Eldridge Industries
- Valuation: $*****
- Total Funding till date: $100M
- Employee Count: 390 as on May 31, 2026
- Latest Funding Round: Series D, Jun 09, 2022, $*****
4. Jobandtalent
Jobandtalent joined the Unicorn Club on Dec 01, 2021 after raising a $500M Series E funding round led by Kinnevik, SoftBank Vision Fund, valuing it at $2.35B.
Provider of an AI-powered platform connecting companies with frontline workers. The platform offers recruitment, planning, time and attendance tracking, performance management, and communication tools. It aims to improve workforce fulfillment, attendance, retention, and overall quality. The platform focuses on providing tools for deskless workers in essential industries.
Key facts about Jobandtalent
3. Glovo
Glovo joined the Unicorn Club on Dec 19, 2019 after raising a $167M Series E funding round led by Mubadala, valuing it at $1B.
Operator of an online platform for on-demand delivery services. The platform facilitates the ordering and delivery of various items. These items range from food and groceries to pharmaceutical products and other retail goods. The platform connects customers with local businesses and independent couriers.
Key facts about Glovo
- Founded Year: 2015
- Location: Barcelona (Spain)
- Stage: Acquired
- Primary Sector: Logistics Tech, Food Tech and Online Grocery
- Time to Unicorn: 4 years 11 months
- Top investors : GR Capital, Mubadala
- Last Known Valuation: $*****
- Total Funding till date: $1.16B
- Latest Funding Round: Series F, Apr 01, 2021, $*****
2. Cabify
Cabify joined the Unicorn Club on Jan 22, 2018 after raising a $160M Series E funding round led by TheVentureCity, Endeavor, Liil Ventures and 2 more, valuing it at $1.4B.
Provider of ride-hailing, taxi, and delivery services via a mobile application. The company offers transportation solutions for individuals and corporate clients. It facilitates connections between passengers and drivers through its platform. The platform provides options for booking rides, managing expenses, and tracking trips.
Key facts about Cabify
- Founded Year: 2011
- Location: Madrid (Spain)
- Stage: Series E
- Primary Sector: Road Transport Tech
- Time to Unicorn: 7 years
- Top investors : Western Technology Investment, Bayrock
- Valuation: $*****
- Total Funding till date: $517M
- Employee Count: 4,583 as on May 31, 2026
- Latest Funding Round: Venture Debt, Jan 11, 2024, $*****
Acciona Energy joined the Unicorn Club on Jun 24, 2014 after raising a $567M PE funding round led by KKR.
Independent power producer. The company is present in the entire value chain development, engineering and construction, operation and maintenance, and the marketing of energy. They develop projects for themselves and also put their experience in the sector at the service of third-party customers through EPC contracts –particularly in wind and photovoltaic power.
Key facts about Acciona Energy
- Founded Year: 1997
- Location: Madrid (Spain)
- Stage: Public
- Primary Sector: Wind Energy and Solar Energy
- Time to Unicorn: 17 years 5 months
- Top investors : Triodos Investment Management, Santander
- Total Funding till date: $567M
- Employee Count: 1,880 as on May 31, 2026
- Latest Funding Round: Grant (prize money), Jan 01, 2022, $*****
