The Startup Ecosystem of Madrid

Madrid boasts 504 startups in our sample database which represents about 19% of Spain’s sampled startups. Madrid is the 2nd best startup ecosystem in Spain.

CITY RANKING

While Madrid decreased by 5 spots in its global rank in the Global Startup Ecosystem Index of 2022, its ranking in Spain remained stable at 2 nationally since 2021.

National Ranking

2nd
0
In Spain

Regional Ranking

10th
-
1
In Western Europe

Global Ranking

50th
-
5
Worldwide

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ECOSYSTEM

Browse the startup ecosystem database of Madrid

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Ecosystem

The Startup Ecosystem in Madrid

Our startup ecosystem map for Madrid includes a sample of 504 tech companies. We have identified as unicorns 3 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 2 pantheon member entities. Get the Pro account for unrestricted insights on this ecosystem.

Global Rank

Madrid is ranked within the top 100 startup ecosystems globally.

Top Industries

Madrid’s startups excel particularly in Software and Data where it ranks 30 and in Energy & Environment, and Education. Find out more

Top Cities for Startups in Spain - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
2022 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
37th
0
20.669
6.18
11.49
3.00
2nd
0
50th
-
5
14.378
3.58
7.49
3.31
3rd
0
159th
-
13
4.911
0.82
0.78
3.31
4th
0
270th
-
53
2.558
0.39
0.21
1.96
5th
+
3
324th
-
25
1.724
0.26
0.14
1.32
6th
+
1
351st
-
58
1.519
0.24
0.11
1.17
7th
-
2
360th
-
135
1.462
0.28
0.06
1.12
8th
-
2
372nd
-
127
1.383
0.23
0.09
1.06
9th
+
3
414th
+
193
1.120
0.12
0.14
0.86
10th
-
1
424th
+
7
1.072
0.16
0.09
0.82
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Startups

Notable Startups in Madrid
Seedtag startup icon
Seedtag
Spotahome startup icon
Spotahome
Playtomic startup icon
Playtomic

Startups

Successful Software and Data startups in Madrid
Tiko startup icon
Tiko
Citibox startup icon
Citibox
Fracttal startup icon
Fracttal

Startups

Startups Ranking by Industry

Software and Data icon
Software and Data
#30 worldwide

On our map, you can explore a total of 143 startups for Software and Data.

Energy & Environment icon
Energy & Environment
#34 worldwide

In Western Europe, Madrid's Energy & Environment is in top 34. Madrid has a concentration of about 0% of the country's total Energy & Environment startups that are represented on our map.

Education icon
Education
#37 worldwide

Education is ranked 37th in the world. Our database contains 63 startups for this industry.

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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 Software and Data, Energy & Environment, Education. These three industries represent about 54% of the startups represented on the Startup Ecosystem Map of Madrid.

2nd

National Rank

10th

Regional Rank

Overview

Madrid is Spain's 2nd best startup ecosystem and is ranked 10th in Western Europe. With a population of 5M - 10M people, Madrid is ranked th in the world. The city boasts 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
With a large variety of initiatives, Madrid's startup ecosystem stands out from other cities in Western Europe. Madrid offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Madrid's most prominent support initiatives:

Accelerators

RTVE Impulsavision startup icon

RTVE Impulsavision

CEI Montegancedo UPM - Centro de Apoyo a la Innovación Tecnológica (CAIT) startup icon

CEI Montegancedo UPM - Centro de Apoyo a la Innovación Tecnológica (CAIT)

Universidad Carlos III de Madrid UC3M - Parque Científico startup icon

Universidad Carlos III de Madrid UC3M - Parque Científico

Coworking Spaces

NEOLAND startup icon

NEOLAND

utopic_US Colegiata startup icon

utopic_US Colegiata

utopic_US Duque de Rivas startup icon

utopic_US Duque de Rivas

Organizations

Startup Grind Madrid startup icon

Startup Grind Madrid

Featured Ecosystem Portals

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Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

Wed Mar 08 2023

How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?

Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]