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Country comparison

South Korea vs Spain: startup funding compared

Since 2 June 2025, startups in South Korea raised $2.5B across 91 rounds, 1.2 times Spain's $2.2B.

South KoreavsSpain
$2.5BCapital raised$2.2B
91Rounds145
$6.8MMedian round$3.5M
0.4%Share of all capital0.3%
35%Early-stage rounds57%

Capital raised running total by month

$2.5B$1.3B South Korea, end of Jun 25: $22MSouth Korea, end of Jul: $194MSouth Korea, end of Aug: $214MSouth Korea, end of Sept: $478MSouth Korea, end of Oct: $478MSouth Korea, end of Nov: $490MSouth Korea, end of Dec: $490MSouth Korea, end of Jan 26: $557MSouth Korea, end of Feb: $692MSouth Korea, end of Mar: $1.3BSouth Korea, end of Apr: $1.6BSouth Korea, end of May: $1.9BSouth Korea, end of Jun: $1.9BSouth Korea, end of Aug: $1.9BSouth Korea, end of Sept: $1.9BSouth Korea, end of Oct: $2.5BSouth Korea, end of Nov: $2.5BSpain, 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 Aug: $2BSpain, end of Sept: $2.1BSpain, end of Oct: $2.2BSpain, end of Nov: $2.2B Jun 25SeptDecMarJunOct
South KoreaSpain
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Where the money goes share of capital by sector

South Korea

  • AI77%$1.9B
  • Robotics & Hardware8%$207M
  • Health7%$165M
  • Enterprise software4%$109M
  • Climate & Energy1%$37.4M
  • Fintech1%$23.8M

Spain

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

Biggest rounds

South Korea

  1. FuriosaAI $620M 1
  2. Rebellions $400M 2
  3. Rebellions $250M 3

Spain

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

Stage mix share of rounds

South KoreaSpain
16%Pre-Seed and Seed46%
19%Series A12%
16%Series B5%
13%Series C and later1%
35%Other or undisclosed37%

Most active investors rounds joined

InvestorSouth KoreaSpain
Korea Development Bank13·
CDTI·9
Kfund·8
KB Investment7·
Crit Ventures6·
Hana Ventures6·
Inveready·6
JME Ventures·6
Kibo Ventures·6
4Founders Capital·5
Adara Ventures·5
Bonsai Partners·5

Startup hubs rounds and capital by city

South Korea

  • Seoul37$1.6B
  • Yongin1$122M
  • Anyang1$27.3M
  • Daejeon1$13.7M
  • Seongnam2$7.6M

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, South Korea or Spain?

South Korea. Since 2 June 2025, startups in South Korea raised $2.5B across 91 rounds, against $2.2B across 145 rounds in Spain, 1.2 times more. That is 0.4% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in South Korea and Spain?

91 rounds in South Korea and 145 rounds in Spain since 2 June 2025, about 5 and 9 a month.

Are startup rounds bigger in South Korea or Spain?

The median round is $6.8M in South Korea and $3.5M in Spain, and the average round $27.6M 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 South Korea?

The biggest startup rounds in South Korea since 2 June 2025 are FuriosaAI ($620M, 29 Oct 2026), Rebellions ($400M, Growth, 30 Mar 2026) and Rebellions ($250M, Series C, 30 Sept 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 South Korea and Spain?

In South Korea, AI ($1.9B, 77% of the capital), Robotics & Hardware ($207M, 8%) and Health ($165M, 7%) lead. In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead.

Is South Korea or Spain better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 35% of rounds in South Korea and 57% in Spain. South Korea recorded 15 Pre-Seed or Seed rounds and Spain 66 Pre-Seed or Seed rounds, with a median of $1.5M and $2.3M.

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

Startups in South Korea raised $901M in 27 Series B or later rounds, 36% of the country's capital. In Spain, $783M in 8 rounds, 36% of the capital.

Who are the most active startup investors in South Korea?

Korea Development Bank (13 rounds, 5 led), KB Investment (7 rounds, 2 led) and Crit Ventures (6 rounds, 4 led) are the most active investors in South Korea.

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 South Korea and Spain?

No investor in FundraiseBase joined rounds in both countries yet.

Which cities lead startup funding in South Korea and Spain?

Seoul leads South Korea with $1.6B across 37 rounds, ahead of Yongin ($122M). Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M).

Which month brought the most startup funding?

In South Korea, October 2026 ($620M). In Spain, June 2025 ($568M).

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

In the 90 days to 5 Nov 2026, startups in South Korea raised $636M across 2 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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