Large funding rounds and strategic investors shape Spanish start-ups' 2026

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Spain's start-up ecosystem is worth an estimated €125bn, by ICEX's count in its Spain Global Startup Hub 2026, which tallies more than 5,000 start-ups, over 400 scale-ups and 17 tech unicorns.

San Sebastián's Multiverse Computing announced a Series C of up to €500m in July, at a €1.5bn pre-money valuation. Elche-based PLD Space added €108m in early September to a Series C first closed at €180m in March, led by Mitsubishi Electric and Cofides, bringing it to €288m, plus a €158.9m European Space Agency award for its MIURA 5 rocket. Fever raised $250m (about €217m) led by EQT, valuing it above €4.5bn; Factorial's €129m Series D, led by General Catalyst, put it at roughly €2.1bn.

Mutua Madrileña, meanwhile, took 10% of property platform Muppy through Mutua Ventures.