Informe 2025 Venture Capital & Private Equity en España (SpainCap (ex-ASCRI))

Summary

• Venture Capital & Private Equity investment in Spain reached €6.292M across 785 investments in 2024.p.8
• Fundraising for Spanish PE and VC vehicles reached a record high of €4.553M, growing 68% compared to €2.702M in 2023.p.15
• International fund managers represented 67.5% of the total volume invested in Spanish companies during 2024.p.8
• Middle market investments reached €2.217,3M distributed across 84 transactions.p.24

Key insights

1. Public sector commitments through funds of funds like FOND-ICO Global, Innvierte, FOCO, FIS, SETT, and ENISA significantly boosted private fundraising.p.8
2. Small and medium enterprises (SMEs) accounted for 90% of all companies receiving capital private investment in 2024.p.13
3. Large market investments with equity over €100M declined 21% in total volume to €3.145M across 11 transactions.p.27
4. Leveraged buyouts (LBOs/MBOs) remained the leading investment type, exceeding €3.813,6M and accounting for 61% of total invested capital.p.21
5. Digital technologies and healthcare led sector distribution, capturing 26.4% and 21.5% of total invested volume respectively.p.22
6. Madrid and Catalonia continued to lead venture capital and private equity investments, accounting for 42.7% and 28.6% of overall capital volume.p.22