Spain's startup scene has evaded some of the collapse in VC funding that has rocked Europe in 2023.
Smaller check sizes and a lack of "ego" has somewhat protected the ecosystem, investors say.
Smaller valuations, check sizes, and a distinct lack of ego helped Spain's startup scene evade some of the shocking collapse in venture capital funding that has rocked Europe so far this year.
Smaller rounds give Spain's startups an edge in the downturnWhat correction was felt was eased by the fact there is less "ego" in Spain's ecosystem, according to Max Bray, an investor at early-stage firm K Fund.
As well as the birth of local growth funds, investors see corporations playing a role in closing the funding gap.
Persons:
SoftBank, Catalyst, Pablo Pedrejón, Max Bray, Dalia Silberstein, Pedro Arribas Gridilla, Juliette Simonin, Margarita Albors, Tasmin Lockwood, Bray, Marc Sabas, Fund's Bray, Wallbox cofounders Enric Asunción, Eduard Castañeda, Glovo, Wallbox, Oscar Pierre, Ship2B's Sabas, Danae Vara, Danae Vara Ship2B, hasn't, Sabas, CVCs, There's, Félix Ortega, K Fund's Bray, Sérgio Massano
Organizations:
Accel, Pedrejón, Venture, Fund, Esade Center, Social, Foundation, Spanish, K Fund, Investors, Danae Vara Ship2B Ventures, Investment, Corporations, Barcelona Activa, Telefónica, BBVA, Proeduca
Locations:
Europe, Spain, Madrid, France, Germany, Switzerland, Netherlands, Seaya, Bray, Vara, Barcelona, Silicon, London