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Valencia by the numbers
Data shows a tech hub on the up-and-up.
According to the Bankinter Foundations Startups Observatory, investment in Valencia-basedstartupsgrew from 58.5m in 2021 to 73m in 2022.
Ecosystem tracking platform Dealroom reports that the Valencian region has the highest number of startups per capita in Spain.
Other noteworthy success stories include Jeff, Climate Trade, Voicemod, Sesame HR, and Sales Layer.
US-based Plug and Play also invests in Valencian startups, including Climate Trade and Zeleros.
It was really built and connected by the founders, he said.
More than 30% of all startups in Valencia are two-years old or younger.
Almost 30% of all the startups there are pre-seed, and another 30% are seed stage.
Just under 10% of them have received Series A funding.
Megias says Valencia is becoming a magnet for expats.
The acceleratorLanzadera, TNWs strategic partner, pioneered the development of a tech strip on the seafront.
This year, another building on the tech strip will open its doors: La Terminal startup hub.
When you come here, you get connected immediately.
When investors come, they often geta tour of all the accelerators and incubators along the Marina.
Attracting large-scale investment, however, remains a challenge.
According to Statistas 2021 data onaverage full-time salariesin Europe, Spain is in 18th place in the continent.
Once we have those second-time founders, everything is going to be much faster.
Zeleros, the Plug and Play Tech Center, and a few other organisations already do this.
Nonetheless, the ecosystem has a bright future ahead.
We are ambitious because we have the potential and resources to achieve success, he said.
If it can attract big investment going forward, the regions startup sector looks set to explode.
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