Country comparison
Spain vs Mexico: startup funding compared
Since 2 June 2025, startups in Spain raised $2.2B across 145 rounds, 1.6 times Mexico's $1.3B.
Capital raised running total by month
Where the money goes share of capital by sector
Spain
Mexico
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Spain | Mexico |
|---|---|---|
| CDTI | 9 | · |
| Kfund | 8 | · |
| Inveready | 6 | · |
| JME Ventures | 6 | · |
| Kibo Ventures | 6 | · |
| 4Founders Capital | 5 | · |
| Adara Ventures | 5 | · |
| Bonsai Partners | 5 | · |
| Clave Capital | 5 | · |
| Enzo Ventures | 5 | · |
| Grow Venture Partners | 5 | · |
| Abac Nest Ventures | 4 | · |
Startup hubs rounds and capital by city
Spain
Mexico
Latest rounds
Questions
Which country raised more startup funding, Spain or Mexico?
Spain. Since 2 June 2025, startups in Spain raised $2.2B across 145 rounds, against $1.3B across 23 rounds in Mexico, 1.6 times more. That is 0.3% and 0.2% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Spain and Mexico?
145 rounds in Spain and 23 rounds in Mexico since 2 June 2025, about 8 and 1 a month.
Are startup rounds bigger in Spain or Mexico?
The median round is $3.5M in Spain and $13M in Mexico, and the average round $14.9M and $57.3M. The median shows the typical round; the average is pulled up by a few very large ones.
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).
What is the biggest startup round in Mexico?
The biggest startup rounds in Mexico since 2 June 2025 are Plata ($405M, Series C, 17 Apr 2026), Kavak ($300M, Series F, 17 Feb 2026) and Klar ($170M, Series C, 1 Jul 2025).
Which sectors attract the most startup funding in Spain and Mexico?
In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead. In Mexico, Fintech ($596M, 45% of the capital), AI ($263M, 20%) and Health ($35.8M, 3%) lead.
Is Spain or Mexico better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 57% of rounds in Spain and 61% in Mexico. Spain recorded 66 Pre-Seed or Seed rounds and Mexico 6 Pre-Seed or Seed rounds, with a median of $2.3M and $4.8M.
How much growth funding (Series B and later) goes to Spain and Mexico?
Startups in Spain raised $783M in 8 Series B or later rounds, 36% of the country's capital. In Mexico, $1B in 5 rounds, 79% of the capital.
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.
Who are the most active startup investors in Mexico?
Kaszek (2 rounds, 2 led), Andreessen Horowitz (2 rounds, 1 led) and Monashees (2 rounds, 1 led) are the most active investors in Mexico.
Which investors back startups in both Spain and Mexico?
5 investors joined rounds in both countries. The most active: General Catalyst (1 in Spain, 2 in Mexico), Andreessen Horowitz (1 in Spain, 2 in Mexico), Mouro Capital (1 in Spain, 1 in Mexico), Shilling VC (1 in Spain, 1 in Mexico) and NFX (1 in Spain, 1 in Mexico).
Which cities lead startup funding in Spain and Mexico?
Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M). Mexico City leads Mexico with $867M across 12 rounds, ahead of Guadalajara ($7.8M).
Which month brought the most startup funding?
In Spain, June 2025 ($568M). In Mexico, April 2026 ($405M).
How much did startups in Spain and Mexico raise in the last 90 days?
In the 90 days to 10 Nov 2026, startups in Spain raised $141M across 12 rounds and in Mexico $190M across 2 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.