Two decades of early-stage investment demonstrate that well-managed seed capital is the lever that activates the regional venture capital ecosystem
The Madrid Region not only attracts talent, it retains and scales it. After nearly two decades of activity, the BAN madri+d Investor Network presents results that demonstrate that early-stage investment is an essential driver of the regional venture capital ecosystem.
Nearly 50% Survival Rate Among Startups Invested in by the Network
Of the 105 companies that received investment from the Network over the past 20 years, 51 are still operating today either as fully active technology-based companies (TBCs) or as acquired businesses. This represents a highly positive survival rate, particularly given the inherent risk associated with venture capital investments.
€26 million invested, €390 million raised
The network’s impact goes far beyond the initial contribution. While direct investment facilitated by the network’s investors amounts to more than €26.1 million, the total capital raised by participating startups exceeds €390 million across 105 companies. The ratio is striking: every euro invested has attracted fifteen additional euros, turning BAN madri+d into the trust signal founders need to access larger funding rounds.
“The network acts as a necessary starting point for raising subsequent rounds”
€117 million raised in the last year alone
Current momentum is undeniable. In 2025 alone, network investors injected €3.2 million into seven new startups, including Alcyon Photonics and 2EyesVision. However, the seed effect becomes truly visible in companies that previously passed through its forums: in the last year alone, six of them collectively raised €117 million—10% of total investment received by Madrid-based startups in 2025—reinforcing BAN madri+d’s role as a strategic partner for entrepreneurs in early-stage phases.
The BAN madri+d Network not only facilitates capital; it builds the industrial fabric of the future. Two decades of quiet work have shaped an ecosystem in which BAN madri+d opens doors, validates projects in the eyes of the market, and connects them with the capital they need to scale.
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Addleshaw Goddard (AG), the London-headquartered international law fir...
