Country comparison
China vs Spain: startup funding compared
Since 2 June 2025, startups in China raised $28.3B across 64 rounds, 13.1 times Spain's $2.2B.
Capital raised running total by month
Where the money goes share of capital by sector
China
Spain
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | China | Spain |
|---|---|---|
| CDTI | · | 9 |
| Kfund | · | 8 |
| Qiming Venture Partners | 7 | · |
| IDG Capital | 6 | · |
| Inveready | · | 6 |
| JME Ventures | · | 6 |
| Kibo Ventures | · | 6 |
| 4Founders Capital | · | 5 |
| 5Y Capital | 5 | · |
| Adara Ventures | · | 5 |
| Bonsai Partners | · | 5 |
| Clave Capital | · | 5 |
Startup hubs rounds and capital by city
China
Spain
Latest rounds
Questions
Which country raised more startup funding, China or Spain?
China. Since 2 June 2025, startups in China raised $28.3B across 64 rounds, against $2.2B across 145 rounds in Spain, 13.1 times more. That is 4.0% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in China and Spain?
64 rounds in China and 145 rounds in Spain since 2 June 2025, about 4 and 8 a month.
Are startup rounds bigger in China or Spain?
The median round is $112M in China and $3.5M in Spain, and the average round $441M 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 China?
The biggest startup rounds in China since 2 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).
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 China and Spain?
In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead.
Is China or Spain better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 57% in Spain. China recorded 6 Pre-Seed or Seed rounds and Spain 66 Pre-Seed or Seed rounds, with a median of $41.9M and $2.3M.
How much growth funding (Series B and later) goes to China and Spain?
Startups in China raised $6.1B in 19 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 China?
Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.
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 China and Spain?
No investor in FundraiseBase joined rounds in both countries yet.
Which cities lead startup funding in China and Spain?
Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M).
Which month brought the most startup funding?
In China, October 2026 ($15.5B). In Spain, June 2025 ($568M).
How much did startups in China and Spain raise in the last 90 days?
In the 90 days to 9 Nov 2026, startups in China raised $17.3B across 14 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.