The Startup Ecosystem of Madrid

Madrid has 693 startups in our sample database. This represents about 23% of Spain’s startups. Madrid is the 2nd best startup ecosystem in Spain.

CITY RANKING

In 2023, the startup scene of Madrid shows much promise after advancing in the Global Ecosystem Index by 1 spot.

National Ranking

2nd
0
In Spain

Regional Ranking

9th
+
1
In Western Europe

Global Ranking

49th
+
1
Worldwide

Startups

Madrid Top Startup Industries

Social & Leisure icon
Social & Leisure
#34 worldwide

60 startups

Software & Data icon
Software & Data
#37 worldwide

220 startups

Edtech icon
Edtech
#42 worldwide

26 startups

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
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score49113.514100%0
Quantity Score32-53.40325.18%6
Sample size of startups35147023.19%3
Sample size of accelerators9-1530%0
Sample size of coworking spaces13-14-22230%0
Community Score37-4560.272%0

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 693 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 50 startup ecosystems globally.

Top Industries

Madrid’s startups excel particularly in Social & Leisure where it ranks 34 and in Software & Data, and Edtech. 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:
2023 National Rank & Change ▲
2023 National Rank & Change City
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Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
0
40th
-
3
17.658
00.00
00.00
00.00
2nd
0
49th
+
1
13.514
00.00
00.00
00.00
3rd
0
184th
-
25
3.317
00.00
00.00
00.00
4th
0
284th
-
14
1.504
00.00
00.00
00.00
5th
0
332nd
-
8
1.141
00.00
00.00
00.00
6th
+
1
340th
+
20
1.065
00.00
00.00
00.00
7th
+
1
370th
+
2
0.933
00.00
00.00
00.00
8th
-
2
382nd
-
31
0.890
00.00
00.00
00.00
9th
0
418th
-
4
0.757
00.00
00.00
00.00
10th
0
436th
-
12
0.704
00.00
00.00
00.00
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Startups

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

Startups

Successful Social & Leisure startups in Madrid
Playtomic startup icon
Playtomic
EGoGames startup icon
EGoGames
Pangea startup icon
Pangea

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, Software & Data, Edtech. These three industries represent about 44% 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 Spotahome and its startup ecosystem infrastructure is strengthened by organizations such as Amadeus IT Group and Regus Cuzco.

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