Signals

Funding-only, explainable estimates from the data — not predictions, and not investment advice. Each score shows its base rate and the factors behind it.

Heat ranking Weekly activity

Base rates (this dataset): a round is followed by another 37% of the time · 11.6% of companies with 2+ rounds have exited. · snapshot as of 2026-06-22

Methodology →

FundingDeal volume up 3.8% but capital up 24.8%, pointing to larger average round sizesAI read →

Tech.eu Heat 50

Spain · top 50

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#	Company	Stage	Last round	Timing	Raise next	Heat
1	Xoople AI · Spain	Series B	2026-04	just raised · ▲	34	99
2	THEKER Robotics · Spain	Series A	2026-06	just raised · ▲	32	99
3	Biorce Healthtech · Spain	Series A	2026-02	just raised · ▲	32	98
4	Ona Therapeutics Healthtech · Spain	Series B	2026-06	just raised · ▲	34	91
5	Fracttal Hardware · Spain	Other	2026-01	just raised · ▲	21	89
6	Fence Fintech · Spain	Other	2026-04	just raised · ▲	21	85
7	BCAS Fintech · Spain	Debt	2026-02	in window · ▲	67	84
8	Arkadia Space Space · Spain	Other	2026-03	just raised · ▲	21	83
9	LingoKids Edtech · Spain	Other	2025-09	in window · ▲	37	82
10	Perk (formerly TravelPerk) Travel · Spain	Debt	2026-06	just raised · ▲	32	81
11	Orbio Software · Spain	Series A	2026-06	just raised · ▲	32	81
12	Tucuvi Healthtech · Spain	Series A	2026-01	just raised · ▲	32	80
13	NeuralTrust Software · Spain	Seed	2026-06	just raised	28	79
14	bound4blue Energy · Spain	Other	2025-12	in window · ▲	37	78
15	Qida Healthtech · Spain	Other	2025-11	in window · ▲	37	78
16	Catalyxx Cleantech · Spain	Other	2025-06	in window · ▲	37	78
17	Webel Software · Spain	Seed	2026-03	just raised · ▲	34	78
18	Gate2Brain Healthtech · Spain	Other	2026-06	just raised · ▲	23	78
19	Bit2me Fintech · Spain	Other	2025-08	in window · ▲	37	77
20	Factorial HRtech · Spain	Series D+	2026-06	just raised · ▲	38	76
21	Embat Fintech · Spain	Series B	2026-05	just raised · ▲	37	76
22	Causa Prima Software · Spain	Pre-Seed	2026-06	just raised	15	76
23	Incapto Coffee E-commerce · Spain	Series B	2026-04	just raised · ▲	34	75
24	Zepo Intelligence Cybersecurity · Spain	Seed	2026-01	just raised	28	75
25	Voltrac Deeptech · Spain	Seed	2025-11	in window · ▲	54	75
26	Alinia AI Software · Spain	Seed	2025-12	in window · ▲	59	75
27	Optimitive Software · Spain	Series A	2026-02	just raised · ▲	32	75
28	Brickken Fintech · Spain	Seed	2026-03	just raised · ▲	32	75
29	Kings League Sports · Spain	Other	2026-02	just raised	19	74
30	Qbeast Software · Spain	Seed	2025-08	in window · ▲	54	74
31	Barbara (formerly Barbara IoT) Hardware · Spain	Other	2026-02	just raised · ▲	21	74
32	Growth Road Edtech · Spain	Growth/Late	2026-01	just raised · ▲	27	74
33	Stamp Fintech · Spain	Other	2026-01	just raised · ▲	21	73
34	Amenitiz Software · Spain	Series B	2025-11	in window · ▲	59	72
35	RepScan Software · Spain	Other	2026-01	just raised · ▲	21	72
36	Remuner Software · Spain	Seed	2025-09	in window · ▲	54	72
37	TRAK Healthtech · Spain	Other	2026-06	just raised · ▲	21	72
38	Toteemi Sports · Spain	Other	2026-06	just raised · ▲	21	72
39	flipflow Software · Spain	Other	2026-06	just raised · ▲	21	72
40	Health Lean Analytics (HLA) Software · Spain	Other	2026-03	just raised · ▲	21	72
41	Grodi Tech Agritech · Spain	Other	2026-02	just raised · ▲	21	72
42	Vivla Proptech · Spain	Debt	2025-12	in window · ▲	60	71
43	Nanoligent Healthtech · Spain	Other	2025-10	in window · ▲	37	71
44	IQANA Fintech · Spain	Pre-Seed	2026-02	just raised · ▲	17	71
45	MOVEMENTS Software · Spain	Pre-Seed	2026-04	just raised · ▲	17	71
46	Sesame HR HRtech · Spain	Debt	2025-10	in window · ▲	55	70
47	Maisa AI Software · Spain	Seed	2025-08	in window	52	70
48	Kreios Space Space · Spain	Other	2025-09	in window · ▲	37	69
49	Digitail Consumer · Spain	Series B	2025-11	in window · ▲	59	68
50	Prosper AI Healthtech · Spain	Series A	2026-06	just raised	28	68

Most likely to raise next

next-round likelihood

Tourlane
In typical raise window
71
Framer
In typical raise window
71
ŌURA
In typical raise window
71
Tines
In typical raise window
68
This
In typical raise window
68
Pactum
In typical raise window
68
CarOnSale
In typical raise window
68
Distribusion Technologies
In typical raise window
68
TechBBQ
In typical raise window
68
WeTravel
In typical raise window
68
BCAS
In typical raise window
67
Oura Health
In typical raise window
65

Exit candidates

exit likelihood · 2+ rounds

Letgo
4 rounds raised
31
Factris
6 rounds raised
28
Pennylane
7 rounds raised
28
ManoMano
8 rounds raised
28
Pigment
5 rounds raised
28
Gett (GetTaxi)
8 rounds raised
28
Prophesee
4 rounds raised
28
Klarna
21 rounds raised
28
Lightyear
7 rounds raised
28
Playtomic
6 rounds raised
28
N8N
5 rounds raised
28
Carbon Clean Solutions
4 rounds raised
28

Scores are model estimates, not facts: a base rate computed from this dataset, adjusted by transparent funding-only factors (timing vs cohort gap, round-size momentum, backer re-investment, firm characteristics). No per-company “unicorn” probability is published. In a back-test (cut-off 30 June 2023, 18-month horizon), companies the model placed in their typical raise window went on to raise again about 1.8× as often as the average tracked company (~14% vs ~8%), while companies flagged dormant raised under 1% of the time. Estimates, not predictions.