SpainCap Yearbook 2026 (SpainCap (ex-ASCRI))

Summary

• The Venture Capital and Private Equity sector in Spain manages a portfolio of over 2,500 companies, representing 6.27% of Spain's GDP.p.6
• Spanish portfolio companies backed by PE and VC account for 532,849 employees across the national territory.p.11
• Total assets under management in Spain reached €58,500M, of which €35,948M are managed by international funds.p.11
• Over the last five years, €36,087M in equity was invested across 3,003 Spanish companies.p.11
• Small and medium enterprises (SMEs) account for 90% of all companies backed by private capital.p.11
• Divested Spanish VC and PE funds achieved an average benchmark profitability IRR of 11%.p.11

Key insights

1. Private equity-backed companies created employment at an annual rate of 19% in their first three years post-investment compared to 2% for non-backed companies.p.12
2. Over the 2013-2022 period, private equity-backed firms generated an average of 368 jobs per year versus 120 jobs per year created by non-backed firms.p.12
3. Digital technologies and medicine led overall Private Equity and Venture Capital investment volume in 2024.p.11
4. SpainCap represents over 200 national and international fund managers, 100 service providers, and 30 institutional investors.p.4
5. Capital managed by the private equity and venture capital industry in Spain quadrupled over the last 10 years.p.6
6. Spain ranks 7th in Europe by number of future tech unicorns.p.11