Spain startup funding in H2 2025

European tech funding raised by Spain startups during H2 2025.

In H2 2025, 118 startups in Spain raised a combined €1.0B across 119 funding rounds, down 45.9% versus H2 2024. Software was the most active sector, and KFund was the most active investor. Data as of 23 Aug 2026.

Total funding

€1.0B

-45.9% vs H2 2024

Funding rounds

119

-1.7% vs H2 2024

Companies

118

Top sector

Software

Rank in Europe

2.6% of European funding

Debt financing

€125M

12.4% of total

Top-10 round share

52.7%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top sectors

by € raised

Stage mix

by € raised

Top deals

largest disclosed rounds in H2 2025

Company	Stage	Date	Amount
LingoKids	Other	Sep 2025	€102M
Proeduca	Other	Jul 2025	€90M
Vivla	Debt	Dec 2025	€55M
Sesame HR	Debt	Oct 2025

View all 119 Spain deals in H2 2025 →

Top investors

most active in H2 2025, by deal count

KFund6 deals
ENISA5 deals
CDTI5 deals
Grow Venture Partners5 deals
JME Ventures4 deals
Adara Ventures4 deals
Eoniq.fund4 deals
Kibo Ventures4 deals
Bonsai Partners4 deals
Abac Nest3 deals

← All 2025 Spain funding