39 MADRID

With sangrias and siestas, Madrid historically was not the greatest place to do business. Now entrepreneurs have gone mad for Madrid, whose startup community gets big besos from the Spanish government. Students feel bullish about Madrid as it is the hot spot for university education in Europe with some of the oldest and most prestigious programs. The tide is rising for startups in Madrid as Google recently opened an innovation campus there, only its third one in Europe. While the financial crisis has rocked the country, the silver lining is engineers will “work for food” as more people venture out on their own.

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING: $354.8M

DEALS: 58

EXITS: 30

5 YEAR YoY FUNDING GROWTH: 108.6%

5 YEAR YoY DEAL GROWTH: 45.2%

Source: CB Insights

39

MADRID

VENTURE ACTIVITY Q4’15 - Q3’16

MADRID AT A GLANCE

Power Breakfast

Coffee Shops to Start Up In

Best Bar

“Must Be At” Local Events

In the Know

THE TOP

ANGELS

VCs

ACCELERATORS

ENTREPRENEURSHIP EVENTS

Q4’15 - Q3’16 TOP FUNDING ROUNDS