The fastest growing Spanish startups outside of Madrid and Barcelona

The fastest growing Spanish startups outside of Madrid and Barcelona

The ecosystem of Spanish startups is slowly but surely maturing. He got his 10th unicorn in Factorial in October and successful entrepreneurs begin to putting money back into the ecosystem.

The country’s startup scene has always been centered around the two major cities of Madrid and Barcelona, ​​but today more and more tech companies are raise funds across the country.

So which startups outside of the two main hubs are growing fastest? We sifted through analyzed workforce data from Dealroom (which is pulled from LinkedIn) to give us a picture of which teams have grown the fastest over the past 12 months.

To prevent the results from being skewed by younger startups with smaller teams, the list only includes companies founded since 2015 that have raised €10 million or more.

1/ HR sesame

Founder Albert Soriano

Sesame HR builds an automated HR management tool that centralizes different elements of employee management – including payroll, time off, and onboarding – into a single platform.

The company claims to have more than 5,000 customers in more than 30 countries and can provide solutions for companies with between 10 and 2,000 employees. It raised a funding round of 10 million euros in March 2022 to help it adapt its product to the needs of more international markets.

Based: 2015
HQ: Valence
Evolution of the team over 12 months: 157%, to 167 people
Total funding: $11 million

2/ Multiverse computing

Multiverse Computing sells its quantum computing software to financial customers like BBVA, the European Tax Agency and the Bank of Canada, as well as industrial manufacturing companies like Bosch.

The company raised a funding round of €10 million in October 2021, and received 12.5 million additional euros of the European Innovation Council two months later.

Speaking to Sifted ahead of the fundraiser, he said the company “would have to grow like hell” to compete with institutional players like IBM and Google, which are also working on quantum computing.

Based: 2019
HQ: San Sebastian
Evolution of the team over 12 months: 131%, at 60 people
Total funding: $40.4 million

3/ Zunder

Formerly known as Easy Charger, Zunder is an electric vehicle charging startup, which has raised a funding round of €100 million in October 2022. At the time, the company had 150 charging points across Spain, but with the new capital, it plans to expand its network of chargers in southern Europe and own 4,000 charging points and managing 40,000 more by 2025.

Based: 2017
HQ: Palencia
Evolution of the team over 12 months: 115%, to 58 people
Total funding: $110 million

4/ Quibim

AI health technology company Quibim uses algorithms to analyze medical imaging data, such as X-rays and CT scans, to find abnormalities and biomarkers that detect disease early. In July 2020, he raised a funding round of 8 million euros to resize its team and develop a Covid-19 detection algorithm.

Speaking ahead of the round, the startup’s founder and chief executive, Angel Alberich-Bayarri, told Sifted that his technology has the potential to relieve some of the pressure on public healthcare systems by freeing up time for patients. radiologists.

Based: 2015
HQ: Valence
Evolution of the team over 12 months: 35%, at 70 people
Total funding: $14.9 million

5/ Triditative

Mariel Díaz, founder of Triditive
Founder Mariel Diaz

Triditive is an industrial 3D printing startup that has patented large-scale 3D printing technology capable of creating metal and polymer structures.

The company raised €5m in June 2022 to help address supply chain shortages that the Bank of Spain says could cost the Spanish economy 16 billion euros. Triditive recently opened a 2,000m² production facility in Asturias where it is building its 3D printing robots, which it hopes can make in-stock parts manufacturing more local and less dependent on freight channels. international.

Based: 2016
HQ: Mieres
Evolution of the team over 12 months: 31%, to 17 people
Total funding: $11.1 million

6/ Lookiero

Lookiero is an online personal shopping service for women that sends customers personalized clothing boxes based on their style preferences.

Talk to Sifted before an increase of $19 million in 2019, Founder Oier Urrutia told Sifted he relishes the challenge of competing against American rival Stitch Fix, which entered the market that year.

The company raised an additional €30 million in June 2021, when it reportedly had 3 million registered users.

Based: 2016
HQ: Bilbao
Evolution of the team over 12 months: 26%, to 437 people
Total funding: $56.5 million

7/ Zeleros

A PR artist's rendition of the Zeleros hyperloop in Spain

Zeleros is a startup that is working on Hyperloop, an alternative solution to the high-speed train that has been popularized by Elon Musk in 2013. The idea of ​​Hyperloop is basically to create pressurized tubes that allow passenger pods to move quickly through them with little air resistance.

Speaking to Sifted following a 7 million euro raise in 2020, co-founder Juan Vicén Balaguer told Sifted he expects the futuristic mode of transport become a reality by 2025.

Based: 2016
HQ: Valence
Evolution of the team over 12 months: 25%, at 55 people
Total funding: $15.6 million

Tim Smith is Sifted Iberia’s correspondent. He tweets from @timmpsmith

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