The Startup Ecosystem of Madrid
Madrid has 1,048 startups in our sample database. This represents about 26% of Spain’s startups. Madrid is the 2nd best startup ecosystem in Spain.
CITY RANKING
Madrid kept its position stable in the Global Startup Ecosystem Index of 2024, ranking 49th.
National Ranking
In Spain
Regional Ranking
In Western Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Madrid Top Startup Industries
81 startups
66 startups
336 startups
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Ecosystem HealthCheck
Madrid Ecosystem Health Check
The health check tables allow you to look at the performance Madrid has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Madrid
Become our Madrid Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Madrid2017 - 2024
Startup Funding in Madrid 2017 - 2024
From 2022 to 2023, startup funding in Madrid has decreased by 16.55%. During this period, the number of deals in Madrid has decreased by 24.7%. Since 2017, total startup funding in Madrid exceeded US$ $6.83B.
Average Funding in 2023
$4.31M
Funding in 2023
$802.50M
Deals in 2023
186
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Madrid
Global Rank
Madrid is ranked within the top 50 startup ecosystems globally.
Top Industries
Madrid’s startups excel particularly in Social & Leisure where it ranks 35 and in Marketing & Sales, and Software & Data. Find out more
Top Cities for Startups in Spain - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 38th + 2 | 21.982 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 49th 0 | 15.453 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 171st + 13 | 3.608 | 00.00 | 00.00 | 00.00 | |
4th 0 | 303rd - 19 | 1.275 | 00.00 | 00.00 | 00.00 | |
5th + 3 | 350th + 32 | 1.027 | 00.00 | 00.00 | 00.00 | |
6th - 1 | 354th - 22 | 1.012 | 00.00 | 00.00 | 00.00 | |
7th - 1 | 401st - 61 | 0.824 | 00.00 | 00.00 | 00.00 | |
8th + 1 | 428th - 10 | 0.698 | 00.00 | 00.00 | 00.00 | |
9th - 2 | 438th - 68 | 0.660 | 00.00 | 00.00 | 00.00 | |
10th 0 | 460th - 24 | 0.583 | 00.00 | 00.00 | 00.00 |
ECOSYSTEM
Why should you join Madrid's Startup Ecosystem?
Overview
Within Madrid there is an increased attraction for entrepreneurs to set up their startups in industries such as Social & Leisure, Marketing & Sales, Software & Data. These three industries represent about 46% of the startups represented on the Startup Ecosystem Map of Madrid.
2nd
National Rank
9th
Regional Rank
Overview
Madrid is Spain's 2nd best startup ecosystem and is ranked 9th in Western Europe. With a population of 2M - 10M people, Madrid is ranked 49th in the world. The city has some notable startup success stories including Seedtag and its startup ecosystem infrastructure is strengthened by organizations such as Telefonica and utopic_US Duque de Rivas.
ECOSYSTEM
Startup Infrastructure in Madrid
Coworking Spaces
Discover Top 51 Coworking Spaces in MadridOrganizations
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Recent Posts
Wed Apr 02 2025
Corporate Startup Activity Index 2025
For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]
Thu Feb 20 2025
Learning from Bulgaria: Stakeholder Engagement in Startup Ecosystems
In this episode of the Startup Ecosystem Podcast, we’re traveling back in time by revisiting an old recording to explore the state of Bulgaria’s startup ecosystem in 2022. This episode features an interview by Eli David Rokah, CEO of StartupBlink, with Momchil Vassilev, the Managing Director of Endeavor Bulgaria, discussing how different stakeholders’ engagement in […]