Spain’s startup scene is heating up. In 2025, the country ranks 14th globally and 7th in Europe for total investment. Combine that with great weather, a high quality of life, and strong talent hubs in cities like Madrid and Barcelona—and you’ve got the launchpad for innovation.
At the heart of this momentum are unicorns and soonicorns. A unicorn is a privately held startup valued at over $1 billion. A soonicorn? That’s a company that’s not quite there yet—but it’s on the way. These high-growth startups are shaping Spain’s economy in big ways, from redefining banking to making AI more accessible.
This is more than just a numbers game. Unicorns and soonicorns are creating jobs, building confidence, and turning Spain into a rising star on the global startup map. The energy is real, and it’s only getting stronger. This article will give a shine to these impressive startups.
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In the world of startups, the term "unicorn" has become ubiquitous, attracting numerous investors. A unicorn startup is one that has achieved a valuation of one billion dollars or more through venture capital. This status is typically reserved for startups with unique business models that enable rapid scalability. Dive into the pool of Spanish unicorns and the objectives behind them through this section.
Cabify, founded in 2011, is making city life a bit easier through flexible and convenient ways to get around. It offers a mobile app where users can quickly request a ride and connect with drivers for more information such as track their journey in real time, and get clear information on pricing and arrival times.
But Cabify isn’t just about everyday rides. With Cabify Business, it provides a tailored corporate mobility solution. Around 40,000 companies already move with Cabify, such as Deloitte, FedEx, Philips, proving that the company is a reliable choice. Not stopping there, it has expanded to Cabify Logistics, offering storage and last-mile distribution logistics solutions.
Today, the company is operating in 6 countries with more than 40 cities across the globe, with the priority of safety. Growing goes hand in hand with responsibility. Cabify, a member of the UN Global Compact, is the first carbon-neutral platform in the sector, offsetting 100% emissions.
Jobandtalent is a tech-powered marketplace that connects talents with jobs easily and quickly. Job seekers can apply for jobs directly, without unnecessary steps in the process. Also, the companies get access to workers who are ready to be on board in hours. In this way, both companies and job seekers benefit from the app with smoother experience.
Since its launch, it has built the future of work by removing the barriers that slow down the job searching and hiring process. With the growing network up to over 2,500 companies, Jobandtalent has helped more than 340,000 persons to get a job.
In 2022, Jobandtalent acquired Jump, a UK-based job matching technology company. This acquisition shows its investment in technology and innovation, aimed at improving how people connect with work. They’re staying ahead while staying true to the mission.
Barcelona-based Travelperk is making corporate travel solutions the most accessible and efficient for companies. Its all-in-one platform handles everything from group bookings to invoicing and expense with modern design, and useful tools. With additional features such as 24/7 customer support and full visibility into travel spending, it attracts businesses to use its service as an easy choice without complexity.
Thousands of companies, including Revolut, GetYourGuide, Airbus, and WWF, already trust TravelPerk to manage their travel needs. The platform continues to evolve, constantly improving to deliver even better service and flexibility for modern teams.
In early 2025, Travelperk announced their partnership with Airbnb, bringing more flexible travel solutions to its customers. This new move addresses the demand for longer stay, like month-long trips with unique homestay options at various price options, but still provide good quality and comforts.
Fast fashion has created a mountain of textile waste. You might see waste, and RecoverFiber sees the circular solution as an opportunity. It’s a manufacturer that uses textile waste as a raw material to create sustainable and high quality recycled cotton fiber. These fibers will be used again to produce new garments, closing the loop on fashion.
With its sustainability vision, RecoverFiber is committed to achieve circular fashion for all supported by 3 key pillars: circular products, responsible production & supply chains, agents for change. To reach the goal, it measures and verifies the environmental impact of all products.
As of May 2025, RecoverFiber announced a venture with Intradeco, a global vertical manufacturing group. This joint venture enhances the recycled fiber production in the new market: Central America.
Factorial is the all-in-one business software that connects everything you need to manage teams and grow the business more efficiently. Founded in Barcelona in 2016, its software gives companies tools to do various tasks from handling time off and documents to tracking compensations, benefits, and much more.
Factorial goes beyond basic HR admin. With smart automation features, it reduces repetitive work so HR teams can focus on strategy, culture, and growth—not paperwork. And thanks to its subscription-based model, companies can scale their HR processes without breaking the bank.
More than 12,000 companies already use Factorial everyday to simplify their process across more than 65 countries. With its user-friendly interface, the company will drive more success in the ever-evolving business landscape.
Travel isn’t just worldwide famous spots. Fever understands that and helps travelers discover the best local experiences. Whether it’s a live concert, art show, or pop-up event, the platform opens the door to what makes each city unique. Launched in 2014, the platform is now used by millions worldwide across over 200 major cities in over 30 countries.
Since launching in 2014, Fever has grown to reach millions of users in over 200 cities across 30+ countries. It isn’t simply finding great events, it also creates them. By partnering with artists, brands, and other businesses, it offers a variety of event personal and unforgettable experiences to users.
At its core mission, Fever wants to design a lasting impression for travelers wherever they go, whoever they’re with. And as Fever keeps expanding, it continues to bring fresh energy to culture and entertainment around the world.
Paack is helping e-commerce deliveries simpler, smarter, and more flexible. It offers clients the possibility to schedule delivery options, including on-demand, the hour and the day they want to receive a package.
Paack also offers a specialized service called Paack Food, which uses smart technology to maintain the right temperature throughout the journey, ensuring food safety and freshness.
Names like Joone, MANGO, Decathlon, Amazon, Apple, and Nike rely on Paack to get their products to customers quickly and smoothly. And as demand for better delivery options keeps rising, Paack continues to scale.
Belvo is building the financial data infrastructure for Latin America. Founded in Barcelona in 2019, the company offers a single API that connects businesses to user data from banks, fintechs, and other financial institutions. From account info and transaction history to real-time balances—Belvo makes financial data easy to access and actually useful.
But it goes beyond just connecting. Belvo helps companies turn raw data into insights—think smarter credit scoring, better budgeting tools, and more personalized financial services. Clean, secure, and always up to date.
As open banking gains momentum, Belvo is helping shape what comes next. Their mission is simple: give people control over their financial data and help businesses build the tools of tomorrow. And they’re moving fast.
In the world of startups, there's a term gaining popularity - "soon-to-be-unicorns" or soonicorns. These emerging companies, often fueled by funding from angel investors and financial speculators, are on the fast track to reaching a valuation of $1 billion. Their projected worth often surpasses their current value, with market forecasts and industry valuations playing a significant role in determining their potential. It's not uncommon for larger organizations to acquire these startups, further boosting their perceived value. With valuations reaching the $500 million mark, these soonicorns are poised to impact the business landscape significantly.
Typeform, founded in 2012, makes it easy to understand customers with engaging forms, quizzes, and surveys that feel more human and less checklists. The platform stands out with its clean design, simple interface, and interactive question flow, helping users get better responses by creating a more natural experience.
But it’s not just about collecting answers. Typeform helps businesses turn those responses into insights that actually drive decisions. From startups to global brands, companies using Typeform grow by building stronger, more meaningful connections with their audience.
Wallapop is making second-hand feel first-class. Launched in 2013, the app allows users to sell and buy reused products easily and quickly without moving anywhere. The products range from bikes and phones to clothes and furniture, offering users a wide selection of which fits their preferences.
As of May 2025, Wallapop successfully teamed up with Jampp. This partnership will help Wallapop to attract more high-quality users and boost new product listings. With this refreshment, Wallapop will keep developing in the field. It’s making life more sustainable.
PLD space is opening the door to space. It is an international space services company with vertical integrated engineering and manufacturing. This aerospace company designs reusable rockets to bring satellites into orbit.
Its main project, MIURA 5, is a rocket designed to be reused for multiple launches, helping make space missions in Europe cheaper, greener, and more efficient. With the successful ground tests and a clear roadmap ahead, it is not dreaming small, in contrast, it is doing big.
Multiverse Computing is quantum computing software headquartered in Spain. With main goals aiming at cost savings, privacy, speed, sustainability, it’s making AI systems faster, cheaper, and energy efficient.
The company is honored to be listed as a top 100 AI company by CB Insights in 2025. This momentum, the team is just getting started and continues turning technology into real-world results.
Do you want to renovate your house, or buy a car, or get the best insurance, or simply manage your money? Fintonic will help you achieve whatever you set in your mind. Fintonic app lets users track spending across all their accounts in one place. It isn’t stopping there, Fintonic automatically sorts expenses into categories and even predicts future bills, helping you control money wisely.
With its contribution, Fintonic is a Google Award winner for mobile innovation. The app is trusted by more than 700,000 users. Fintonic is redefining how people take charge of their financial lives—smartly, simply, and confidently.
Spotahome is changing the way people rent homes. Based in Madrid and founded in 2014, the platform helps users find mid- to long-term rentals—100% online. Whether you're after a room, a full apartment, or student housing, Spotahome has a wide range of personally-checked listings to choose from.
With HD video tours, floor plans, and detailed photos, renters can view and book properties confidently without setting foot inside first. Operating across Europe and the UAE, Spotahome is making it easier than ever to find your next home.
Yaba is a Barcelona-based company turning great Amazon brands into even better businesses. Founded in 2020, it focuses on acquiring and growing digital-native brands in categories like home, beauty, baby care, pet care, and more. But Yaba doesn’t stop at buying. It rolls up its sleeves to help each brand scale—improving sourcing, branding, marketing, and everything in between.
In just its first year, Yaba acquired 12 companies, together generating over $20 million in revenue. A big milestone? The acquisition of Bidmamba, an AI-powered pricing platform. It gives Yaba sharper insights and stronger control over product growth, helping its brands thrive not only on Amazon but across other marketplaces too.
Lingokids is making learning English fun for kids everywhere. Founded in 2014, the Madrid-based company created “Playlearning™,” an app that turns screen time into learning time—with games, songs, videos, and stories designed to teach English and essential life skills.
But Lingokids isn’t just about ABCs. Its curriculum goes further, covering everything from math basics to social-emotional skills. With a mobile app available on iOS and Android, kids can learn anytime, anywhere. Today, Lingokids reaches millions of families worldwide and keeps growing.
Red Points, a company from Barcelona, helps brands stop fake products online. Since 2011, they’ve built easy-to-use software that finds copies and misuse of brands on websites and social media.
Brands like Mighty Mug and Beauty Blender trust Red Points to protect their products. By doing this, Red Points helps businesses keep their original products safe and customers confident.
RavenPack, founded in 2003 and based in Spain, helps businesses make smarter decisions by turning news and data into clear insights. Their platform scans vast amounts of information—from news articles to social media—and quickly highlights what really matters. So companies can act faster and more confidently.
Trusted by financial firms and big organizations worldwide, RavenPack’s technology simplifies complex data to help users spot trends, risks, and opportunities. By making sense of the constant flow of information, RavenPack empowers businesses to stay ahead in a fast-moving world.
Spain’s startup ecosystem is quickly becoming a serious contender in Europe’s innovation landscape. With strong early-stage funding, forward-thinking policies like the Startup Law enacted in 2022, and dynamic hubs in Madrid and Barcelona, the country is attracting global talent and investors alike. Unicorns and soonicorns are no longer rare. They’re shaping the ecosystem and proving Spain’s ability to scale ambitious ideas.
As investment continues to grow and more high-potential startups gain ground, Spain isn’t just participating in the European tech scene—it’s helping define it. The momentum is real, and the next wave of Spanish innovation is already on the rise.
