Country comparison
Germany vs Spain: startup funding compared
Since 2 June 2025, startups in Germany raised $11.9B across 332 rounds, 5.5 times Spain's $2.2B.
Capital raised running total by month
Where the money goes share of capital by sector
Germany
Spain
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Germany | Spain |
|---|---|---|
| High-Tech Gründerfonds | 38 | · |
| Bayern Kapital | 20 | · |
| HV Capital | 14 | · |
| Cherry Ventures | 13 | · |
| IBB Ventures | 12 | · |
| Antler | 9 | 2 |
| General Catalyst | 10 | 1 |
| NRW.BANK | 11 | · |
| UVC Partners | 10 | · |
| CDTI | · | 9 |
| Kfund | 1 | 8 |
| D11Z.Ventures | 8 | · |
Startup hubs rounds and capital by city
Germany
Spain
Latest rounds
Questions
Which country raised more startup funding, Germany or Spain?
Germany. Since 2 June 2025, startups in Germany raised $11.9B across 332 rounds, against $2.2B across 145 rounds in Spain, 5.5 times more. That is 1.7% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Germany and Spain?
332 rounds in Germany and 145 rounds in Spain since 2 June 2025, about 18 and 8 a month.
Are startup rounds bigger in Germany or Spain?
The median round is $6.7M in Germany and $3.5M in Spain, and the average round $35.9M 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 Germany?
The biggest startup rounds in Germany since 2 June 2025 are Helsing ($1.8B, Series E, 13 Jul 2026), Neura Robotics ($1.4B, 10 Jun 2026) and Helsing ($694M, Series D, 16 Jun 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 Germany and Spain?
In Germany, AI ($5B, 42% of the capital), Robotics & Hardware ($3.4B, 28%) and Climate & Energy ($1.4B, 11%) lead. In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead.
Is Germany or Spain better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 70% of rounds in Germany and 57% in Spain. Germany recorded 169 Pre-Seed or Seed rounds and Spain 66 Pre-Seed or Seed rounds, with a median of $3.8M and $2.3M.
How much growth funding (Series B and later) goes to Germany and Spain?
Startups in Germany raised $5.6B in 32 Series B or later rounds, 47% of the country's capital. In Spain, $783M in 8 rounds, 36% of the capital.
Who are the most active startup investors in Germany?
High-Tech Gründerfonds (38 rounds, 16 led), Bayern Kapital (20 rounds, 2 led) and HV Capital (14 rounds, 6 led) are the most active investors in Germany.
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 Germany and Spain?
59 investors joined rounds in both countries. The most active: General Catalyst (10 in Germany, 1 in Spain), Antler (9 in Germany, 2 in Spain), Kfund (1 in Germany, 8 in Spain), Speedinvest (6 in Germany, 1 in Spain) and Vireo Ventures (6 in Germany, 1 in Spain).
Which cities lead startup funding in Germany and Spain?
Munich leads Germany with $5.5B across 81 rounds, ahead of Berlin ($2.8B). Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M).
Which month brought the most startup funding?
In Germany, July 2026 ($2.5B). In Spain, June 2025 ($568M).
How much did startups in Germany and Spain raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Germany raised $1.4B across 43 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.