The madri+d Foundation has presented the Startup Radar madri+d 2025 ecosystem report at Google Campus, confirming recently published data that positions the Community of Madrid as the leading national hub in number, revenue, and employment of its tech companies, and one of the top hubs in Europe in terms of venture capital activity, talent attraction, and investment opportunities.
The Startup Radar madri+d 2025 ecosystem report reveals the latest data on the growing number of startups, their characteristics, sectors, technologies, founders’ experience, investment opportunities, and the entities supporting startups in the Madrid ecosystem.
The Madrid Region consolidates its national leadership and international positioning
The report confirms the Madrid Region's national leadership in the number of startups, employment, talent attraction, and revenue, according to international sources such as Dealroom’s Global Tech Ecosystem Index, Startup Genome’s Global Startup Ecosystem Report, and the Global Power City Index, as well as the recently published national Tech & Innovative Companies Report by El Referente.
The number of startups, jobs created, and their contribution to the Madrid region’s GDP continues to grow
The Madrid Region hosts more than 2,100 startups founded in the last 15 years, responsible for creating 21,000 jobs in Spain—plus many more created by these companies abroad. Their combined revenue currently reaches €3.5 billion, the largest regional economic volume in Spain, equivalent to 1.2% of Madrid’s GDP. If we also include tech companies older than 15 years, the total rises to more than 3,500 companies, 56,000 jobs, and €5.7 billion in sales.
The pace of startup creation keeps accelerating, with 41% of companies under 15 years old founded in the last five years. The highest employment and revenue figures are found in startups aged between six and ten years.
A prominent position in investment opportunities
Of particular importance to international investors are the success rates of their investments—an area in which the Community of Madrid leads nationally and holds a prominent position in Europe. It ranks first in Spain and among the top in Europe in conversion rates from Seed to Series A rounds, and in the number of exits since 2010 (168).
For international startups, the Madrid Region also stands out in the total number of companies that have raised investment over time: it ranks fifth in Europe, with 2,053 companies, behind London, Paris, Berlin, and Stockholm. It holds the same position in terms of the number of companies that have raised venture capital (1,624).
Focusing on startups less than 15 years old, total investment raised reaches €5.9 billion—mainly in sectors such as fintech, enterprise software, employment, transport and logistics, mobility, real estate, marketing, travel, and health. In 2024, aside from fintech, standout sectors in terms of investment also include health, agri-food, enterprise software, energy, and travel.
Growing appeal for international talent
International startups tend to favor locations with greater concentrations of tech jobs, universities, business schools, and overall innovation activity. The Community of Madrid’s strengths in these areas explain the growing number of foreign startups opening offices in the region (386)—the fourth highest in Europe, after London, Berlin, and Amsterdam.
Madrid also ranks first in Spain and third in Europe in terms of availability of tech talent. For instance, it places third in Europe in application and database developers, and fourth in AI, DevOps, front-end, and cybersecurity talent.
The region’s high density of research institutions fostering spinoffs explains Madrid’s fourth position in Europe in the number of science-based or deeptech startups, fifth in research center spinoffs, and tenth in patent-owning startups. It also ranks first in Spain across all three indicators.
In terms of technologies used by startups, artificial intelligence now leads the list, ahead of deeptech. It is followed by mobile technologies, big data, and machine learning. A significant proportion of startup founders had 6 to 15 years of experience prior to founding their companies and studied at universities and business schools listed in the report.
Madrid, a benchmark European startup hub
Madrid is the Spanish city with the highest concentration of startups. Within the Community of Madrid, the capital city alone hosts 76% of all tech companies under 15 years old (1,490), accounting for 76% of employment, 90% of investment, 80% of revenue, and 50% of patents.
Other metrics where Madrid leads nationally and ranks high in Europe include the total number of companies that have raised venture capital (1,624), the seed-to-Series A conversion rate (19%), and total accumulated investment since 2000 (€9.4 billion).
Following the capital, other regional cities with emerging innovation ecosystems include Las Rozas (second in number of companies), Pozuelo de Alarcón (employment), Alcobendas (total investment), San Sebastián de los Reyes (sales), and Tres Cantos (number of patents).
Discover key companies, programs, and events in 20 sectors and technologies through Startup Radar madri+d
A new feature in this year’s Startup Radar madri+d is the inclusion of leading companies, programs, and events in the Community of Madrid across 20 sectors such as health, fintech, transport, and technologies like AI, IoT, big data, etc.
Users can also search for startups founded since 2016, look up entities, browse via its Dealroom-powered platform, or download sector-specific reports. Additionally, the platform offers tools such as a public funding instrument search engine, an international investor Matching Tool, and a Job Board to find employment in Madrid-based startups.
With the release of the 2025 ecosystem report, the Community of Madrid—through the madri+d Foundation for Knowledge—reinforces the role of Startup Radar as a key resource for understanding and driving the region’s innovative entrepreneurship ecosystem.
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