HomeOther Stuff10 super exciting Spanish startups to watch in 2023 and beyond

10 super exciting Spanish startups to watch in 2023 and beyond

Home to sunshine, sangria and soaring startups, Spain is quickly becoming one of Europe’s hotspots for fresh and impactful innovation.

Tech innovation and entrepreneurial spirit are reaching record levels in Spain which is helping the startup ecosystem grow – and it’s exciting to see! Alongside this, the Spanish government seems to be committed to supporting startup culture as well. In 2022, the country introduced the Startup Law which is helping international startups settle into Spanish life, introducing visas for digital nomads and even opening up for tax benefits.

Barcelona and Madrid – two cities famous for some rivalry – have developed into two beating hubs on the European startup stage. We took a look at how the two cities square up recently, but, it’s also important to note the rise of cities like Valencia and Bilbao that is also contributing to a healthy outlook for the nations as a whole.

2022 was a great year for Spanish startups and entrepreneurs. Over €3.3 billion has been invested over the course of the year (with notable rounds like lmpress’ €123 million) and startups like Factorial joined the exclusive unicorn club. Spain is home to EU-Startups, and we are proud to once again host our annual EU-Startups Summit this year on April 20-21 in Barcelona.

After undertaking a comprehensive look at Spain’s startup community, today, we introduce you to 10 startups that we are particularly excited about. It was hard to narrow down this list to just 10, so we selected on very strict criteria, and we specifically focused on startups that were founded post-2020.

Samara: Madrid-based Samara aims to help households transition to a more sustainable energy model. The innovative company offers a range of solar energy solutions, including panels, batteries, and chargers. By adopting these technologies, consumers can save up to 70% on their electricity bill while contributing to a cleaner environment. Samara was founded in 2022 and has already secured €6.5 million in VC funding till date, with the last funding round taking place in December 2022.


RITMO:
Founded in 2021, RITMO set out to support e-commerce businesses with its cash flow management platform. Via the fintech solution, e-commerce players can effectively manage their cross-border payments and secure flexible funding. With over $220 million raised (including an eye-catching round in April 2022) and an active presence in five countries across Europe and Latin America, the Madrid-based company continues to grow and thrive.


Ukio:
Barcelona-based Ukio offers fully furnished apartments for stays as short as a month – eliminating the challenges associated with finding a rental, such as long-term contracts, security deposits, broker fees, and more, giving people the flexibility to live as they please. Ukio operates in several cities across Europe, including Barcelona, Madrid, Lisbon, Berlin and Paris Founded in 2020, Ukio has raised $39.5 million with a series-A round in November 2022.


011h:
This Barcelona-based startup is revolutionizing construction through technology, creating intelligent, high-quality, healthy and sustainable buildings. With a mission to accelerate the transition to sustainable building development, 011h’s approach results in cheaper costs, shorter execution times, and better reliability. The Spanish company, founded in 2020, has raised €35 million.


Basquevolt:
Basquevolt is a developer of solid-state lithium batteries for electric vehicles, heavy transport, renewable energy, and electronic devices. Their technology enables the widespread use of electric transportation, energy storage, and portable devices, offering higher efficiency, longer life, and less wear and tear when charging. Founded in 2022 and based in Vitoria-Gasteiz, Basquevolt aims to develop sustainable battery materials and cells, having raised 30.3 million in funding so far.


VIVLA:
Founded in 2021, VIVLA offers an innovative approach to second home ownership. Through its optimized legal and tax structure, VIVLA makes it possible for people to own fractional shares of unique second homes, providing all the benefits of homeownership without the associated pains. Each owner can purchase up to four shares, with a guaranteed six weeks of vacation time per share. The Madrid-based team has raised $30 million.

GoodNews: Born in Barcelona, GoodNews Coffee is a dynamic community that prioritizes positivity and good health, in addition to providing high-quality coffee. With a mission to start each day off right, the company offers an innovative product and a welcoming atmosphere for coffee enthusiasts and those seeking a brighter outlook. Based in Barcelona, GoodNews was founded in 2020 and has raised €15.7 million in funding with its latest round in September 2022.


Divilo:
A B2B Fintech startup, Divilo provides innovative payment solutions to enhance business sales. With a focus on security, the company is regulated by the Bank of Spain and is a principal member of Visa. Their services aim to simplify sales transactions for businesses and customers, offering features such as mobile payments, QR charging, link payments, and e-commerce. Based in Madrid, the 2020-founded startup has now secured €6.3 million. 

QueryLayer: Founded in Valencia, QueryLayer is on a mission to empower businesses to become “Good Data Brands”. Leveraging automated workflows and PrivacyUX, the platform helps businesses to build customer loyalty based on the transparent use of personal data. Launched in 2020, the platform enables users to onboard cross-functional teams and offering APIs and an engineering toolkit to connect existing tools. So far, the innovative startup secured €2 million in 2021. 

Yumminn: Spicing up the restaurant industry, Barcelona-based Yumminn, founded in 2021, is a mobile web app solution for dine-in, integrated with point of sale (POS) systems, that allows restaurant customers to self-checkout in seconds from their phones. Users simply scan a QR code at the table, review their bill and then split, tip, pay and review in a matter of seconds. The young company secured €1.4 million towards the end of 2022.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

Patricia Allen
Patricia Allen
is the Head of Content at EU-Startups. With a background in politics, Patricia has a real passion for how shared ideas across communities and cultures can bring new initiatives and innovations for the future. She spends her time bringing you the latest news and updates of startups across Europe, and curating our social media.
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