Barcelona's Weekly Tech Update

From:

Barcinno Media <barcinno@mail.beehiiv.com>

To:

Hidden Recipient <hidden@emailshot.io>

Date:

4/7/2025, 7:02 AM

Hello and happy Monday,

Startup funding Q1 2025 📈

🔥 Forget OpenAI raising $40B last week – Barcelona is on fire in 2025, with over €500M raised in Q1 alone across 30+ rounds. Here’s the lowdown:

Catalan startups raised €504M, ~37% of Spain’s total
However, Clikalia (Madrid) raised €400M in refinancing in January, which alone accounts for 46% of non-BCN funding.

Chart showing Barcelona's top 5 startup funding rounds in Q1 2025, including TravelPerk (€191M), Factorial (€110M), Exoticca (€25M), Pangea Aerospace (€23M), and Mundimoto (€21.1M)

Most active sectors in BCN:

🧠 AI: From Genesy to Zynap and Sensia, AI continues to fuel funding rounds.
🏥 Healthtech & biotech: Sycai Medical, Tirecat Health, KOA Biotech, and Zymvol reflect investor confidence in deep science and healthcare.
✈️ Traveltech: With Exoticca and TravelPerk securing massive rounds, the sector continues to shine.
⚡️ Cleantech & sustainability: Wattwin, VEGA Chargers, and Wallbox highlight green tech’s continued rise.
🛰️ Spacetech: Sateliot and Pangea Aerospace put BCN on the orbital map.
- Silvertech is popping up, with startups like Bleta addressing the needs of seniors. Web3 is still relevant, with Brickken raising €2.4M, while SaaS continues to dominate early- and growth-stage rounds.

Early vs. late-stage: A healthy mix, with early-stage rounds like RepScan (A) and Zymvol (Seed) showing a strong pipeline while the big top 3 demonstrate BCN's late-stage maturity and international appeal.

Comparison to Q1 2024:

Funding total down ~25% YoY
- 2024: €668M, 2025: €504M
This drop is mainly due to two mega-rounds in Q1 2024:
- 👉 Nebeus (€250M) and ID Finance (€140M), both fintech. If we exclude these two, Q1 2025 actually outperformed in terms of diversified funding.

Feel free to share your thoughts!