In 2024, U.S.-based investors accounted for 9% of all venture capital funding injected into Madrid startups, according to industry data. That figure rose to 11% for Series B rounds — investments between €20 million and €50 million — placing the United States as the third-largest source of venture funding for Madrid-based companies, after domestic Spanish and European investors. Although still representing a relatively early movement, the figures point to a growing interest in Madrid’s evolving tech ecosystem.
One clear example is Onum, a Madrid startup specializing in real-time data decisionmaking for IT and security teams. In April 2024, the company closed a $28 million Series A funding round, with participation from New York-based Insight Partners. The deal reflected a growing openness among American venture firms to backing Madrid’s next generation of technology companies and demonstrated the increasing competitiveness of the city’s entrepreneurial landscape.
The trend reflects a deepening transatlantic connection, with U.S. venture capital firms increasingly viewing Madrid not only as a gateway to Europe but as an emerging center of innovation. Startups across sectors such as fintech, healthtech, and SaaS are attracting attention from some of the most active players in the global venture market, supported by Madrid’s improving infrastructure, business-friendly environment, and expanding pool of entrepreneurial talent.
The pace of investment remains strong in 2025. On April 10, Job&Talent, Madrid’s AIdriven workforce-as-a-service platform, announced a €92 million ($103 million) Series F round, with participation from BlackRock and Hercules Capital. The funding round valued the company at €1.3 billion ($1.5 billion) post-money, reinforcing Madrid’s ability to nurture globally competitive scaleups. A month earlier, Playtomic, the world’s largest platform for racquet sports, raised €55 million ($63 million) in fresh funding.
The round, led by several European and U.S.-based investors including NY-based FJ Labs, will support Playtomic’s expansion strategy focused on entering new markets, strengthening its footprint in North America, and further developing its digital ecosystem for players and clubs. The company’s growth reflects the broader global ambitions increasingly seen among Madrid-born startups.
Madrid’s growing ties to U.S. venture capital point to an entrepreneurial ecosystem in transition — one that is beginning to carve out a distinct role in the global innovation economy. For American investors, the Spanish capital is no longer just a market to watch; it is becoming a market in which to build.