Spanish tech companies raised €3.1 billion in 2025, highlighting a broad and increasingly mature ecosystem. Large late-stage rounds remained strong, alongside a deep base of early and growth-stage funding across sectors. Funding was concentrated at the top, with the ten largest deals accounting for around 39 per cent of capital, and the top twenty about 57 per cent.
AI, deeptech and frontier infrastructure stood out, including quantum, applied AI, cloud, semiconductors, robotics and security, signalling a shift toward more technical, defensible businesses. Healthtech and biotech also emerged as key pillars.
Enterprise software and fintech provided consistent activity, while climate and energy gained momentum through investments in cleantech and low-carbon technologies. Consumer platforms remained active across travel, education, real estate and commerce. The mix of debt and alternative financing alongside equity also pointed to a more mature market.
Overall, Spain’s tech ecosystem is becoming more diversified and technically advanced, with capital spread across multiple sectors and increasing late-stage capacity (for more detailed analyses of the European technology ecosystem, check out Tech.eu’s annual report: European Tech 2025 – The Big Picture). Here are the 10 companies that raised the most in 2025.
Multiverse Computing
Amount raised in 2025: €256M
Multiverse Computing is a quantum AI software company that develops advanced artificial intelligence and quantum-inspired technologies to solve complex problems across industries.
The company builds software that applies quantum and quantum-inspired algorithms to areas such as finance, manufacturing, energy, logistics, and cybersecurity. Its technology focuses on improving the efficiency and performance of artificial intelligence systems.
In 2025, Multiverse Computing raised €256 million over two rounds to accelerate the widespread adoption of LLMs to address the massive costs that currently prohibit their rollout.
TravelPerk
Amount raised in 2025: $200M
TravelPerk is a global business travel and expense management platform that helps companies plan, book, and manage work trips in one place.
The platform integrates travel booking, expense tracking, and reporting tools, enabling organisations to streamline their corporate travel processes and reduce administrative work.
In 2025, TravelPerk raised $200 million in a Series E round to accelerate growth, expand its presence in the US, and invest in product development, technology, and AI to build a leading travel and expense management platform.
Xoople
Amount raised in 2025: €137M
Xoople is a data and AI company that develops Earth intelligence technology by combining geospatial data with artificial intelligence to analyse and understand changes on the Earth’s surface.
Founded in 2019, the company provides AI-ready Earth data that organisations can integrate into their enterprise workflows for analysis and operational decision-making.
Through its platform, EarthAI, Xoople processes large volumes of satellite and geospatial data to automatically monitor, detect, and predict changes across the planet. The company’s mission is to provide a consistent, global source of Earth data that helps organisations better understand physical changes on the planet and make faster, more informed decisions about real-world challenges.
In 2025, Xoople secured €137 million across two funding rounds to develop next-generation Earth intelligence technologies.
SpliceBio
Amount raised in 2025: $135M
SpliceBio is a biotechnology company developing next-generation gene therapies using its proprietary Protein Splicing platform.
The company’s technology enables the delivery of large genes that are difficult to treat with traditional gene therapy approaches, helping address genetic diseases caused by mutations in large genes.
The company’s platform is based on technology developed at Princeton University and leverages decades of research in protein engineering and intein biology to enable new therapeutic approaches for diseases that currently lack effective treatments.
SpliceBio closed a $135 million Series B funding round in 2025 to support the clinical development of its flagship program.
Factorial
Amount raised in 2025: $120M
Factorial is an HR technology company that develops cloud-based software designed to help businesses manage people, processes, and operations more efficiently.
Founded in 2016, the company provides an all-in-one platform that automates human resources tasks such as time tracking, payroll, absence management, document handling, recruitment, and performance evaluation.
The platform centralises HR and operational data in a single system, allowing companies, particularly small and mid-sized businesses, to streamline administrative work, gain visibility into their workforce, and make data-driven decisions.
Factorial secured $120 million in 2025 to boost sales and marketing.
LingoKids
Amount raised in 2025: €100M
Lingokids is an educational technology company that develops a play-based learning platform for children aged 2 to 8.
The company offers a mobile app that combines games, videos, songs, and interactive activities to help children build academic knowledge and essential life skills in a safe, ad-free environment. Lingokids is designed to help children learn at their own pace while giving parents tools to track progress and manage their child’s digital learning environment.
In 2025, Lingokids raised over €100 million to accelerate its global expansion.
Job&Talent
Amount raised in 2025: €92M
Job&Talent is a workforce platform that connects companies with workers through a technology-driven marketplace for flexible and temporary jobs.
The company uses data and AI to match candidates with employers, streamline hiring, and manage large workforces through its digital platform. The platform enables businesses to recruit, schedule, and manage workers while providing individuals with access to job opportunities, contracts, and work management tools through a mobile app.
By combining recruitment, workforce management, and analytics, Job&Talent aims to simplify hiring processes and improve productivity for companies while offering workers more flexible employment opportunities.
In 2025, Job&Talent raised €92 million in a Series F round to expand its workforce management platform.
Proeduca
Amount raised in 2025: €90M
Proeduca is an online higher-education group that provides university and professional education through digital learning platforms.
The company specialises in delivering fully online academic programs and professional training to students around the world. The group operates several educational institutions, as well as other specialised schools and international partnerships. Through these institutions, PROEDUCA offers undergraduate, postgraduate, and professional programs designed to combine flexible online learning with academic rigour and industry-relevant skills.
Proeduca secured €90 million in 2025 to boost the development of online education in Spain.
Fever
Amount raised in 2025: $100M
Fever is a global technology platform for discovering and booking live entertainment and cultural experiences.
The company operates a digital marketplace and mobile app that helps users find events such as concerts, immersive exhibitions, sports, theatre performances, and festivals in cities around the world. Through its proprietary technology, Fever provides personalised recommendations and curated experiences while also offering ticketing, marketing, and data tools that help venues, promoters, and creators reach new audiences and manage events more effectively.
In 2025, Fever closed a $100 million funding round, further strengthening its position in the entertainment sector.
Playtomic
Amount raised in 2025: €70.1M
Playtomic is a sports technology company that develops a digital platform connecting racket-sports players and clubs.
The company offers a mobile app and software tools that allow users to find partners, book courts, join matches, and manage sports activities such as padel and tennis.
Through its marketplace and SaaS solutions for clubs, Playtomic helps sports venues manage reservations, payments, and customer relationships while enabling players to organise games and connect with local sports communities.
In 2025, Playtomic secured €70.1 million in two funding rounds to support its expansion in the US and Europe.
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