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Country comparison

India vs Spain: startup funding compared

Since 2 June 2025, startups in India raised $10.3B across 854 rounds, 4.8 times Spain's $2.2B.

IndiavsSpain
$10.3BCapital raised$2.2B
854Rounds145
$3.5MMedian round$3.5M
1.5%Share of all capital0.3%
55%Early-stage rounds57%

Capital raised running total by month

$10.3B$5.2B India, end of Jun 25: $851MIndia, end of Jul: $1.1BIndia, end of Aug: $1.6BIndia, end of Sept: $2.2BIndia, end of Oct: $2.9BIndia, end of Nov: $3.4BIndia, end of Dec: $3.8BIndia, end of Jan 26: $4.5BIndia, end of Feb: $4.9BIndia, end of Mar: $5.4BIndia, end of Apr: $6BIndia, end of May: $6.6BIndia, end of Jun: $8.2BIndia, end of Jul: $8.2BIndia, end of Aug: $9BIndia, end of Sept: $9.7BIndia, end of Oct: $10.1BIndia, end of Nov: $10.3BSpain, end of Jun 25: $568MSpain, end of Jul: $656MSpain, end of Aug: $690MSpain, end of Sept: $788MSpain, end of Oct: $874MSpain, end of Nov: $944MSpain, end of Dec: $1.1BSpain, end of Jan 26: $1.2BSpain, end of Feb: $1.2BSpain, end of Mar: $1.5BSpain, end of Apr: $1.7BSpain, end of May: $1.7BSpain, end of Jun: $2BSpain, end of Jul: $2BSpain, end of Aug: $2BSpain, end of Sept: $2.1BSpain, end of Oct: $2.2BSpain, end of Nov: $2.2B Jun 25SeptDecMarJunSept
IndiaSpain
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Where the money goes share of capital by sector

India

  • Fintech26%$2.7B
  • AI18%$1.9B
  • Consumer11%$1.2B
  • Enterprise software10%$1B
  • Other10%$1B
  • Climate & Energy9%$925M

Spain

  • AI34%$745M
  • Health18%$391M
  • Robotics & Hardware16%$339M
  • Enterprise software15%$324M
  • Fintech5%$99.5M
  • Other5%$98.5M

Biggest rounds

India

  1. CRED $900M 1
  2. Sarvam AI $300M 2
  3. KreditBee $280M 3

Spain

  1. Multiverse Computing $219M 1
  2. PLD Space $209M 2
  3. Factorial $150M 3

Stage mix share of rounds

IndiaSpain
37%Pre-Seed and Seed46%
18%Series A12%
9%Series B5%
5%Series C and later1%
31%Other or undisclosed37%

Most active investors rounds joined

InvestorIndiaSpain
Accel38·
Inflection Point Ventures33·
Peak XV Partners311
Blume Ventures29·
3one4 Capital24·
Fireside Ventures22·
Info Edge Ventures22·
Rainmatter19·
Ashish Kacholia18·
Elevation Capital18·
DeVC17·
Unicorn India Ventures17·

Startup hubs rounds and capital by city

India

  • Bengaluru286$5.6B
  • Mumbai82$1B
  • Gurugram66$419M
  • Hyderabad34$273M
  • Pune26$261M
  • Noida13$215M

Spain

  • Barcelona60$1B
  • Madrid35$461M
  • San Sebastián1$219M
  • Derio1$67M
  • Valencia10$59.9M
  • Paterna1$17.7M

Latest rounds

Questions

Which country raised more startup funding, India or Spain?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $2.2B across 145 rounds in Spain, 4.8 times more. That is 1.5% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in India and Spain?

854 rounds in India and 145 rounds in Spain since 2 June 2025, about 47 and 8 a month.

Are startup rounds bigger in India or Spain?

The median round is $3.5M in India and $3.5M in Spain, and the average round $12.1M 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 India?

The biggest startup rounds in India since 2 June 2025 are CRED ($900M, Series H, 23 Jun 2026), Sarvam AI ($300M, Series B, 15 Jun 2026) and KreditBee ($280M, Series E, 8 Apr 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 India and Spain?

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead.

Is India or Spain better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 57% in Spain. India recorded 314 Pre-Seed or Seed rounds and Spain 66 Pre-Seed or Seed rounds, with a median of $1.3M and $2.3M.

How much growth funding (Series B and later) goes to India and Spain?

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Spain, $783M in 8 rounds, 36% of the capital.

Who are the most active startup investors in India?

Accel (38 rounds, 22 led), Inflection Point Ventures (33 rounds, 26 led) and Peak XV Partners (31 rounds, 15 led) are the most active investors in India.

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 India and Spain?

7 investors joined rounds in both countries. The most active: Peak XV Partners (31 in India, 1 in Spain), General Catalyst (15 in India, 1 in Spain), Antler (11 in India, 2 in Spain), FJ Labs (2 in India, 1 in Spain) and AltaIR Capital (1 in India, 1 in Spain).

Which cities lead startup funding in India and Spain?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Spain, June 2025 ($568M).

How much did startups in India and Spain raise in the last 90 days?

In the 90 days to 11 Nov 2026, startups in India raised $1.8B across 95 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.

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