Catalonia grabs 71% of all foreign risk capital investment in Spain

Article published at Diari Ara, 10th June 2016

By Julia Manresa.

Foreign investment funds were the most active in Spain in 2015 with €290m of the total capital invested in tech start-ups

Spain’s tech business is largely dependant on foreign capital, which last year accounted for 44 per cent of all investment in the sector. On Wednesday Spain’s Association for Capital, Growth and Investment (ASCRI) published a report indicating that 71 per cent of all that cash went to business ventures located in Catalonia. Specifically, Catalonia drew in €277.2m from international risk capital investment funds in 2015, over twice as much as the previous year and well above Madrid, the second Spanish region that obtained the most foreign capital, with a total of €89.7m

According to the report, Spanish start-ups received a total of €659.4m from both public funds as well as accelerators and incubators, risk capital funds and corporations. Catalonia grabbed 56 per cent of the total investment volume (€371m) and 33 per cent of all operations. Therefore, Catalonia is Spain’s most attractive region for investors and this is further confirmed by analysing what investment choices are made by international risk capital entities. These accounted for 44 per cent of all cash invested in the sector (€290m), 71 per cent of which went to Catalonia. In terms of number of operations, the figure drops to 53 per cent, which indicates that operations in Catalonia were generally more substantial.

Read the full article here.

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