Country comparison
Australia vs Spain: startup funding compared
Since 2 June 2025, startups in Australia raised $4.7B across 113 rounds, 2.2 times Spain's $2.2B.
Capital raised running total by month
Where the money goes share of capital by sector
Australia
Spain
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Australia | Spain |
|---|---|---|
| CDTI | · | 9 |
| Antler | 6 | 2 |
| Investible | 8 | · |
| Kfund | · | 8 |
| EVP | 6 | · |
| Inveready | · | 6 |
| JME Ventures | · | 6 |
| Kibo Ventures | · | 6 |
| 4Founders Capital | · | 5 |
| Adara Ventures | · | 5 |
| Airtree Ventures | 5 | · |
| Baobab Ventures | 1 | 4 |
Startup hubs rounds and capital by city
Australia
Spain
Latest rounds
Questions
Which country raised more startup funding, Australia or Spain?
Australia. Since 2 June 2025, startups in Australia raised $4.7B across 113 rounds, against $2.2B across 145 rounds in Spain, 2.2 times more. That is 0.7% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Australia and Spain?
113 rounds in Australia and 145 rounds in Spain since 2 June 2025, about 6 and 8 a month.
Are startup rounds bigger in Australia or Spain?
The median round is $6.4M in Australia and $3.5M in Spain, and the average round $41.5M and $14.9M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Australia?
The biggest startup rounds in Australia since 2 June 2025 are Firmus ($2B, 7 Aug 2026), Firmus Technologies ($505M, Growth, 6 Apr 2026) and Firmus Technologies ($326M, 14 Nov 2025).
What is the biggest startup round in Spain?
The biggest startup rounds in Spain since 2 June 2025 are Multiverse Computing ($219M, Series B, 12 Jun 2025), PLD Space ($209M, 5 Mar 2026) and Factorial ($150M, Series D, 3 Jun 2026).
Which sectors attract the most startup funding in Australia and Spain?
In Australia, AI ($3.3B, 70% of the capital), Fintech ($399M, 9%) and Climate & Energy ($218M, 5%) lead. In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead.
Is Australia or Spain better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 58% of rounds in Australia and 57% in Spain. Australia recorded 44 Pre-Seed or Seed rounds and Spain 66 Pre-Seed or Seed rounds, with a median of $1.9M and $2.3M.
How much growth funding (Series B and later) goes to Australia and Spain?
Startups in Australia raised $1B in 17 Series B or later rounds, 22% of the country's capital. In Spain, $783M in 8 rounds, 36% of the capital.
Who are the most active startup investors in Australia?
Investible (8 rounds, 2 led), EVP (6 rounds, 2 led) and Antler (6 rounds, 2 led) are the most active investors in Australia.
Who are the most active startup investors in Spain?
CDTI (9 rounds), Kfund (8 rounds, 3 led) and Kibo Ventures (6 rounds, 3 led) are the most active investors in Spain.
Which investors back startups in both Australia and Spain?
8 investors joined rounds in both countries. The most active: Antler (6 in Australia, 2 in Spain), Peak XV Partners (4 in Australia, 1 in Spain), Baobab Ventures (1 in Australia, 4 in Spain), Octopus Ventures (2 in Australia, 1 in Spain) and Point72 Private Investments (1 in Australia, 1 in Spain).
Which cities lead startup funding in Australia and Spain?
Sydney leads Australia with $2.4B across 36 rounds, ahead of Melbourne ($336M). Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M).
Which month brought the most startup funding?
In Australia, August 2026 ($2.1B). In Spain, June 2025 ($568M).
How much did startups in Australia and Spain raise in the last 90 days?
In the 90 days to 5 Nov 2026, startups in Australia raised $94.1M across 6 rounds and in Spain $141M across 12 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.