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Country comparison

Spain vs Saudi Arabia: startup funding compared

Since 2 June 2025, startups in Spain raised $2.2B across 145 rounds, 2.2 times Saudi Arabia's $976M.

SpainvsSaudi Arabia
$2.2BCapital raised$976M
145Rounds42
$3.5MMedian round$3.5M
0.3%Share of all capital0.1%
57%Early-stage rounds79%

Capital raised running total by month

$2.2B$1.1B Spain, 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: $2.2BSaudi Arabia, end of Jun 25: $50.3MSaudi Arabia, end of Jul: $342MSaudi Arabia, end of Aug: $460MSaudi Arabia, end of Sept: $464MSaudi Arabia, end of Oct: $470MSaudi Arabia, end of Nov: $474MSaudi Arabia, end of Dec: $474MSaudi Arabia, end of Jan 26: $483MSaudi Arabia, end of Feb: $542MSaudi Arabia, end of Mar: $549MSaudi Arabia, end of Apr: $549MSaudi Arabia, end of May: $590MSaudi Arabia, end of Jun: $592MSaudi Arabia, end of Aug: $599MSaudi Arabia, end of Sept: $964MSaudi Arabia, end of Oct: $976MSaudi Arabia, end of Nov: $976M Jun 25SeptDecMarJunOct
SpainSaudi Arabia
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Where the money goes share of capital by sector

Spain

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

Saudi Arabia

  • Fintech50%$485M
  • Consumer26%$257M
  • Enterprise software12%$116M
  • AI8%$82.2M
  • Other2%$22.4M
  • Robotics & Hardware1%$12M

Biggest rounds

Spain

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

Saudi Arabia

  1. barq $330M 1
  2. Ninja $254M 2
  3. Gathern $72.1M 3

Stage mix share of rounds

SpainSaudi Arabia
46%Pre-Seed and Seed57%
12%Series A21%
5%Series B7%
1%Series C and later0%
37%Other or undisclosed14%

Most active investors rounds joined

InvestorSpainSaudi Arabia
CDTI9·
Kfund8·
Inveready6·
JME Ventures6·
Kibo Ventures6·
4Founders Capital5·
500 Global·5
Adara Ventures5·
Bonsai Partners5·
Clave Capital5·
Enzo Ventures5·
Grow Venture Partners5·

Startup hubs rounds and capital by city

Spain

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

Saudi Arabia

  • Riyadh27$920M
  • Jeddah1$1.2M

Latest rounds

Questions

Which country raised more startup funding, Spain or Saudi Arabia?

Spain. Since 2 June 2025, startups in Spain raised $2.2B across 145 rounds, against $976M across 42 rounds in Saudi Arabia, 2.2 times more. That is 0.3% and 0.1% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in Spain and Saudi Arabia?

145 rounds in Spain and 42 rounds in Saudi Arabia since 2 June 2025, about 9 and 2 a month.

Are startup rounds bigger in Spain or Saudi Arabia?

The median round is $3.5M in Spain and $3.5M in Saudi Arabia, and the average round $14.9M and $23.2M. 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 Saudi Arabia?

The biggest startup rounds in Saudi Arabia since 2 June 2025 are barq ($330M, Series A, 15 Sept 2026), Ninja ($254M, Growth, 8 Jul 2025) and Gathern ($72.1M, Series B, 20 Aug 2025).

Which sectors attract the most startup funding in Spain and Saudi Arabia?

In Spain, AI ($745M, 34% of the capital), Health ($391M, 18%) and Robotics & Hardware ($339M, 16%) lead. In Saudi Arabia, Fintech ($485M, 50% of the capital), Consumer ($257M, 26%) and Enterprise software ($116M, 12%) lead.

Is Spain or Saudi Arabia better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 57% of rounds in Spain and 79% in Saudi Arabia. Spain recorded 66 Pre-Seed or Seed rounds and Saudi Arabia 24 Pre-Seed or Seed rounds, with a median of $2.3M and $1.7M.

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

Startups in Spain raised $783M in 8 Series B or later rounds, 36% of the country's capital. In Saudi Arabia, $132M in 3 rounds, 14% 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 Saudi Arabia?

Impact46 (5 rounds, 3 led), 500 Global (5 rounds) and Merak Capital (4 rounds, 3 led) are the most active investors in Saudi Arabia.

Which investors back startups in both Spain and Saudi Arabia?

2 investors joined rounds in both countries. The most active: Endeavor Catalyst (3 in Spain, 1 in Saudi Arabia) and Andreessen Horowitz (1 in Spain, 1 in Saudi Arabia).

Which cities lead startup funding in Spain and Saudi Arabia?

Barcelona leads Spain with $1B across 60 rounds, ahead of Madrid ($461M). Riyadh leads Saudi Arabia with $920M across 27 rounds, ahead of Jeddah ($1.2M).

Which month brought the most startup funding?

In Spain, June 2025 ($568M). In Saudi Arabia, September 2026 ($364M).

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

In the 90 days to 5 Nov 2026, startups in Spain raised $141M across 12 rounds and in Saudi Arabia $382M across 10 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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