69 Madrid Startups to Watch (and Work for) in 2023
Europe's entrepreneurial landscape continues its upward trajectory. Amidst this backdrop, Madrid stands out, having witnessed remarkable activity in its startup ecosystem over the past years.
In 2022, Madrid startups raised $1.5 Billion in capital (after raising $2 Billion in 2021). So far this year, they've raised $520 Million, reflecting the growing investor confidence in the region.
This list features the top Madrid startups of 2023 — updated as of October. It includes companies like Trucksters, Clikalia and CrowdFarming, covering all sectors and business models. We update it monthly by tracking all startup activity in our database of 17,000 technology companies in Europe and sort companies dynamically using our Seedtable score, ensuring objectivity. Whether you're an experienced investor, a determined founder, or a resourceful operator this list of top 69 tech startups is worth exploring.
Changelog
Last update: December 7, 2023. Added companies, investors and rounds. See changelog .
Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.
Featured companies in Madrid
Get access to the Seedtable database with +17,000 companies (336 from Madrid)
79Featured
Electric, long-haul truck operator.
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Latest Funding
$36 Million · Series B
-
Employees
11 to 50
-
Investors
European Investment Bank, Oxford Science Enterprises
-
Industries
Climate Tech & Green Tech, Supply Chain & Logistics
-
Locations
Madrid
-
Contact
•••••@en.trucksters.io
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75Featured
Spanish property management platform.
-
Employees
51 to 100
-
Investors
SoftBank Group, Fifth Wall, Mouro Capital, Deutsche Bank
-
Business Model
B2B, B2C
-
Industries
Proptech & Real Estate, Productivity Tools
-
Locations
Madrid
-
Contact
•••••@clikalia.com
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75Featured
Organic food platform.
-
Latest Funding
$16 Million · Debt Financing
-
Employees
11 to 50
-
Investors
European Investment Bank, Seaya Ventures
-
Business Model
B2B, MARKETPLACE
-
Industries
Foodtech, Supply Chain & Logistics
-
Locations
Madrid
-
Contact
•••••@crowdfarming.com
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List of 69 top tech companies in Madrid
Get access to the Seedtable database with +15k companies (336 from Madrid) 75Revenue-based financing platform.
-
Latest Funding
$200 Million · Debt Financing
-
Industries
Fintech, Ecommerce
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, MARKETPLACE, SAAS
-
Investors
I80 Group, Avellinia Capital, JME Ventures, Bynd Venture Capital, Sabadell Venture Capital, Inveready
-
Contact
•••••@getritmo.com
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75Organic food platform.
-
Latest Funding
$16 Million · Debt Financing
-
Industries
Foodtech, Supply Chain & Logistics
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, MARKETPLACE
-
Investors
European Investment Bank, Seaya Ventures
-
Contact
•••••@crowdfarming.com
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68Marketplace for residential properties.
-
Latest Funding
$2.8 Million · Seed
-
Industries
Fintech, Proptech & Real Estate
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, B2C, MARKETPLACE
-
Investors
Accel, Samaipata Ventures, FJ Labs, Extension Fund
-
Contact
•••••@vivla.com
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68ISA-based educational programs.
-
Latest Funding
$41 Million · Series A
-
Industries
Edtech, Fintech, Hiring and Recruitement
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS, MARKETPLACE
-
Investors
Seedcamp, Giant Ventures, Iberis Capital, Sabadell Venture Capital, Armilar Venture Partners
-
Contact
•••••@studentfinance.com
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68Maintenance and asset management platform.
-
Latest Funding
$10 Million · Series A
-
Industries
Proptech & Real Estate, Internet of Things
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Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, SAAS
-
Investors
Amador Holdings, BBVA Spark, GoHub Ventures, Kayyak Ventures, Seaya Ventures, Scale Capital, Start-Up Chile
-
Contact
•••••@fracttal.com
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68Online platform to test magnetic components.
-
Latest Funding
$12 Million · Series A
-
Industries
AI
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, SAAS
-
Investors
Kibo Ventures, 42CAP, Bankinter, Join Capital, Bynd Venture Capital, Big Sur Ventures
-
Contact
•••••@frenetic.ai
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68Crypto trading platform.
-
Latest Funding
$6 Million · Series A
-
Industries
Fintech, Crypto & web3
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, MARKETPLACE
-
Investors
JME Ventures, Conexo Ventures, Cometa, CDTI
-
Contact
•••••@atani.com
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68Employee benefits management platform.
-
Latest Funding
$41 Million
-
Industries
Health Tech, Fintech
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, SAAS
-
Investors
Balderton Capital, Notion Capital, Target Global, Octopus Ventures, Speedinvest, Sabadell Venture Capital, Abac Nest
-
Contact
•••••@cobee.io
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68Open-source platform for data labeling for NLP.
-
Latest Funding
$5.4 Million · Series A
-
Industries
AI
-
Locations
Madrid
-
Employees
1 to 10
-
Investors
Data Pitch
-
Contact
•••••@argilla.io
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68AI assistant in Spanish and Portuguese.
-
Latest Funding
$10 Million · Series A
-
Industries
AI, Productivity Tools
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B, SAAS
-
Investors
Khosla Ventures, A* Capital, FJ Labs
-
Contact
•••••@soyluzia.com
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68Visual intelligence platform for the insurance industry.
-
Latest Funding
$8.2 Million · Series B
-
Industries
AI, Insuretech
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B
-
Investors
K Fund, Blackfinch Ventures, Big Sur Ventures
-
Contact
•••••@bdeo.io
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64Open-source figma alternative.
-
Latest Funding
$12 Million · Series A
-
Industries
Developer Tools, Cloud
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
Athos Capital
-
Contact
•••••@kaleidos.net
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64Innovative urban mobility platform.
-
Latest Funding
$22 Million
-
Industries
Mobile, Mobility & Transportation
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2C, MARKETPLACE, SAAS
-
Investors
Seaya Ventures
-
Contact
•••••@movo.me
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64Financial planning and treasury management solutions for businesses.
-
Latest Funding
$5.5 Million · Series A
-
Industries
Fintech
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B
-
Investors
Samaipata Ventures, 4Founders Capital
-
Contact
•••••@embat.io
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64Digital wealth management platform.
-
Latest Funding
$24 Million · Series B
-
Industries
Fintech, Payments
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, B2C, SAAS
-
Investors
Daruan VC
-
Contact
•••••@myinvestor.es
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59Preventive genomic medicine developer.
-
Latest Funding
$5.9 Million · Series A
-
Industries
Health Tech, Biotech
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B
-
Investors
Charme Capital Partners, Amadeus Capital
-
Contact
•••••@veritasint.com
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59Digital content lending platform.
-
Latest Funding
$10 Million · Series B
-
Industries
Edtech, Media and Entertainement
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2C, SAAS
-
Investors
Active Venture Partners, Kibo Ventures, JME Ventures, Inveready, ENISA
-
Contact
•••••@odilo.es
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59Manufacturer of medical devices for the treatment of supra-ventricular tachycardias.
-
Latest Funding
$22 Million
-
Industries
Health Tech, Deep Tech, Manufacturing
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B
-
Investors
Andera Partners, Asabys Partners, Caixa Capital Risc
-
Contact
•••••@medlumics.com
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59AI-powered CRM for sales teams.
-
Latest Funding
$3.2 Million · Seed
-
Industries
AI, Sales and Marketing
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
IGNIA, Seaya Ventures, Shilling Capital Partners
-
Contact
•••••@piperai.com
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59Tennis and padel booking platform.
-
Latest Funding
$63 Million · Series C
-
Industries
Sportstech
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Locations
Madrid
-
Employees
51 to 100
-
Business Model
MARKETPLACE, B2C
-
Investors
Optimizer Invest
-
Contact
•••••@playtomic.io
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59Freight transport mobility platform.
-
Latest Funding
$19 Million · Series B
-
Industries
Mobility & Transportation, Supply Chain & Logistics
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, MARKETPLACE
-
Investors
Local Globe, Idinvest Partners, Point Nine Capital, Atomico, Cathay Innovation, Samaipata Ventures
-
Contact
•••••@ontruck.com
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59No-code data analytics platform.
-
Latest Funding
$4.6 Million · Seed
-
Industries
Data and Analytics
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Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
Hoxton Ventures
-
Contact
•••••@graphext.com
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59Well-being platform for organisations and individuals.
-
Latest Funding
$10 Million
-
Industries
Health Tech
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, SAAS, B2C
-
Investors
Nauta Capital
-
Contact
•••••@ifeelonline.com
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59Tech-enabled life insurance provider.
-
Latest Funding
$11 Million · Series A
-
Industries
Insuretech
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2C
-
Investors
Singular VC, Mundi Ventures
-
Contact
•••••@life5.com
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59Property buying and selling platform.
-
Industries
Proptech & Real Estate, Service Industry
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, B2C, MARKETPLACE
-
Investors
Rocket Internet, TA Ventures, Global Founders Capital (GFC), btov Partners, Cabiedes & Partners
-
Contact
•••••@tiko.es
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59Home Services Marketplace
-
Latest Funding
$2.2 Million · Seed
-
Industries
Ecommerce
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B, MARKETPLACE
-
Investors
Decelera, Tiburon, ZAKA VC, Trind Ventures
-
Contact
•••••@appwebel.com
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59Ride-sharing platform.
-
Latest Funding
$68 Million · Series E
-
Industries
Mobility & Transportation, Service Industry
-
Locations
Madrid
-
Employees
1001 to 5000
-
Business Model
B2B, B2C, SAAS
-
Investors
Marc Bell Ventures, European Investment Bank, Endeavor Catalyst, Winklevoss Capital, Inter American Development Bank, Red Swan Ventures, Rakuten Capital, Seaya Ventures
-
Contact
•••••@cabify.com
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54Big data management platform.
-
Latest Funding
$63 Million · Series C
-
Industries
Data and Analytics, Business Intelligence
-
Locations
Madrid
-
Employees
501 to 1000
-
Business Model
B2B, SAAS
-
Investors
Adara Ventures
-
Contact
•••••@stratio.com
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54Playlearning app for kids.
-
Latest Funding
$40 Million · Series C
-
Industries
Edtech, Mobile, Media and Entertainement
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
SAAS, B2C
-
Investors
Bessemer Venture Partners, HV Capital, JME Ventures, 500 Global, Lánzame Capital SL, IncuVest, Sabadell Venture Capital, Athos Capital
-
Contact
•••••@lingokids.com
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54AI-powered contextual advertising platform.
-
Latest Funding
$250 Million
-
Industries
Adtech, Data and Analytics, Sales and Marketing
-
Locations
Madrid
-
Employees
251 to 500
-
Business Model
B2B, SAAS
-
Investors
All Iron Ventures, Adara Ventures
-
Contact
•••••@seedtag.com
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54Producer of plug-and-play quantum devices.
-
Latest Funding
$110 Thousand · Pre Seed
-
Industries
Manufacturing, Semiconductor
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B
-
Investors
DIANA
-
Contact
•••••@g2-zero.com
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54AI-powered drug discovery paltform.
-
Latest Funding
$15 Million · Series B
-
Industries
Health Tech, AI, Data and Analytics
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B
-
Investors
Cathay Innovation, Seaya Ventures
-
Contact
•••••@savanamed.com
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54Subscription-based EV leasing platform.
-
Latest Funding
$120 Million · Debt Financing
-
Industries
Climate Tech & Green Tech, Mobility & Transportation
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2C
-
Investors
Kohlberg Kravis Roberts
-
Contact
•••••@driverevel.com
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54Nearly real-time consumer data for FMCG companies.
-
Latest Funding
$3.3 Million · Seed
-
Industries
Data and Analytics, Ecommerce
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
Change Ventures, Shilling Capital Partners
-
Contact
•••••@algori.ai
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54Personal finance management app.
-
Latest Funding
$14 Million · Debt Financing
-
Industries
Fintech, Insuretech, Mobile, Data and Analytics, Personal Finance
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2C, SAAS
-
Investors
ING Ventures, All Iron Ventures, Ideon Financial Solutions, Inception Capital
-
Contact
•••••@fintonic.com
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54Mobile-first neobank of Spain
-
Latest Funding
$13 Million · Series A
-
Industries
Fintech, Mobile
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2C
-
Investors
Founders Future, Speedinvest, Kreos Capital, DN Capital, Redalpine
-
Contact
•••••@bnext.es
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54Online residential rentals platform.
-
Latest Funding
$29 Million
-
Industries
Proptech & Real Estate, Media and Entertainement, Ecommerce
-
Locations
Madrid
-
Employees
251 to 500
-
Business Model
B2B, B2C, MARKETPLACE
-
Investors
HOWZAT Partners, Passion Capital, Seaya Ventures, Mundi Ventures
-
Contact
•••••@spotahome.com
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54Linguistic analysis recruitment platform.
-
Latest Funding
$250 Million · Debt Financing
-
Industries
Hiring and Recruitement
-
Locations
Madrid
-
Employees
1001 to 5000
-
Business Model
B2B, B2C, MARKETPLACE
-
Investors
SoftBank Group, BlackRock, Kibo Ventures, Atomico, Citibank, Quadrille Capital, JME Ventures, Goldman Sachs, Claret Capital Capital, Invercaria, GP Bullhound, Qualitas Equity Partners, Investment AB Kinnevik, ENISA, DN Capital, FJ Labs
-
Contact
•••••@jobandtalent.com
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54Innovative SaaS tools for asset managers.
-
Latest Funding
$50 Million
-
Industries
Fintech, Machine Learning
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, SAAS
-
Investors
SoftBank Group, Kibo Ventures, Seaya Ventures, Mundi Ventures
-
Contact
•••••@clarity.ai
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54Rooftop solar panels manufacturer.
-
Latest Funding
$4.8 Million · Seed
-
Industries
Climate Tech & Green Tech, Hardware, Energy & Nuclear, Manufacturing
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2C
-
Investors
Seaya Ventures
-
Contact
•••••@samara.energy
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54Supply chain financing platform for the fashion industry.
-
Latest Funding
$9 Million · Series C
-
Industries
Fintech, Manufacturing, Supply Chain & Logistics
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B
-
Investors
Finch Capital, Zubi Capital, Mundi Ventures
-
Contact
•••••@twincocapital.com
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54Online technology learning platform.
-
Latest Funding
$20 Million · Series B
-
Industries
Edtech
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2C, SAAS
-
Investors
All Iron Ventures, JME Ventures, Brighteye Venture
-
Contact
•••••@ironhack.com
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50Tax management platform for consumers.
-
Latest Funding
$6.2 Million · Seed
-
Industries
Fintech, Creative Tools
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B, SAAS
-
Investors
JME Ventures, FJ Labs, Abac Nest
-
Contact
•••••@taxdown.es
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50Therapeutics treatment for strokes and brain injury.
-
Latest Funding
$2.7 Million
-
Industries
Health Tech, Biotech, Pharma
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2B
-
Investors
Caixa Capital Risc, Inveready
-
Contact
•••••@aptatargets.com
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50Same day delivery platform.
-
Latest Funding
$3.1 Million
-
Industries
Ecommerce, Supply Chain & Logistics
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, MARKETPLACE
-
Investors
K Fund, Inveready
-
Contact
•••••@iflastmile.com
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50Solar energy marketplace focused on self-consumption.
-
Latest Funding
$1.1 Million · Seed
-
Industries
Climate Tech & Green Tech, Energy & Nuclear
-
Locations
Madrid
-
Employees
1 to 10
-
Business Model
B2C, MARKETPLACE
-
Investors
Ona Capital
-
Contact
•••••@solfy.net
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50QoE for telcos and governments.
-
Latest Funding
$4.4 Million · Seed
-
Industries
Data and Analytics, Business Intelligence
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, SAAS
-
Investors
Bright Pixel, Inveready
-
Contact
•••••@medux.com
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50Fast-growing startup aiming to transform delivery of primary home healthcare under prescription
-
Latest Funding
$1.1 Million · Seed
-
Industries
Health Tech, ElderTech
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2C
-
Investors
AXIS, European Investment Fund, Banco Sabadell, Ship2B
-
Contact
•••••@galeneo.com
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50Uelz automate & route payment collection by integrating the solution with multiple payment gateways.
-
Latest Funding
$840 Thousand · Seed
-
Industries
Fintech
-
Locations
Madrid
-
Employees
11 to 50
-
Investors
Core Angels, Wayra
-
Contact
•••••@uelzpay.com
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50Online financial fraud detection paltform.
-
Latest Funding
$11 Million · Series A
-
Industries
Cybersecurity, Privacy and Security
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, SAAS
-
Investors
Seaya Ventures, Inveready, Conexo Ventures, Reus Capital Partners
-
Contact
•••••@revelock.com
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46Travel booking platform.
-
Latest Funding
$110 Million
-
Industries
Travel Tech, Community & Lifestyle
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2C
-
Contact
•••••@civitatis.com
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43Online learning and teaching marketplace.
-
Latest Funding
$1.7 Million · Seed
-
Industries
Edtech
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
SAAS
-
Investors
Brighteye Venture, EONIQ Fund
-
Contact
•••••@ucademy.com
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43Vacation rental marketplace.
-
Latest Funding
$2.8 Million
-
Industries
Travel Tech, Service Industry
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
Kima Ventures, K Fund
-
Contact
•••••@seetransparent.com
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43Early cancer detection diagnostics platform.
-
Latest Funding
$3.8 Million
-
Industries
Health Tech, Biotech, Deep Tech, Pharma
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B
-
Investors
Inveready
-
Contact
•••••@amadix.com
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43AI platform that combats online piracy and counterfeiting.
-
Latest Funding
$12 Million · Series B
-
Industries
AI, Legal Tech, Cybersecurity, Privacy and Security, Productivity Tools
-
Locations
Madrid
-
Employees
101 to 250
-
Business Model
B2B, SAAS
-
Investors
JME Ventures, Bankinter, Nauta Capital, Big Sur Ventures, Wayra
-
Contact
•••••@smartprotection.com
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43E-learning SaaS platform for professionals.
-
Latest Funding
$3.5 Million · Series A
-
Industries
Edtech, Service Industry
-
Locations
Madrid
-
Employees
51 to 100
-
Business Model
B2B, SAAS
-
Investors
JME Ventures, Sabadell Venture Capital, Inveready
-
Contact
•••••@twenix.com
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43Life wins. Really easy life insurance.
-
Latest Funding
$1.2 Million · Pre Seed
-
Industries
Fintech, Ecommerce
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, B2C
-
Investors
Singular VC
-
Contact
•••••@getlife.com
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43On-demand ghost kitchens.
-
Latest Funding
$3.1 Million · Seed
-
Industries
Foodtech, Food Delivery
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Investors
Big Sur Ventures
-
Contact
•••••@cuyna.es
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43Renewable plants monitoring platform.
-
Latest Funding
$3.1 Million · Series A
-
Industries
Climate Tech & Green Tech, Energy & Nuclear, Business Intelligence
-
Locations
Madrid
-
Employees
11 to 50
-
Business Model
B2B
-
Investors
Kibo Ventures, SET Ventures
-
Contact
•••••@greeneaglesolutions.com
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43Devon Labs solve patients unmet medical and care needs.
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Latest Funding
$4.6 Million
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Industries
Health Tech, Pharma
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Locations
Madrid
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Employees
1 to 10
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Business Model
B2B
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Investors
Inveready
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Contact
•••••@devonlabs.com
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43Footwear manufacturer.
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Latest Funding
$3.1 Million
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Industries
CPG & Consumer Goods, Fashion, Manufacturing, Ecommerce
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2C
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Investors
JME Ventures
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Contact
•••••@eu.muroexe.com
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43Electric vehicle rental platform for companies.
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Latest Funding
$4.6 Million · Seed
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Industries
Climate Tech & Green Tech, Mobility & Transportation
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, MARKETPLACE
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Investors
Kibo Ventures, JME Ventures, Big Sur Ventures
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Contact
•••••@pandago.eco
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43Digital solar power management SaaS platform for companies.
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Latest Funding
$6 Million · Series A
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Industries
Climate Tech & Green Tech, Energy & Nuclear
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Locations
Madrid
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
Seaya Ventures, Techstart Ventures
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Contact
•••••@ratedpower.com
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43Financial trading platform.
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Latest Funding
$2.2 Million
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Industries
Fintech, Investing
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2C, SAAS
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Investors
Breega Capital, Two Culture Capital
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Contact
•••••@ninetynine.com
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43Crypto marketplace to onboard non-crypto natives.
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Latest Funding
$1.9 Million · Seed
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Industries
Crypto & web3, Investing
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Locations
Madrid
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Employees
101 to 250
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Business Model
B2C
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Investors
Adaverse, Alter Global
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Contact
•••••@nestcoin.com
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43Health insurance platform for migrant workers.
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Latest Funding
$11 Million · Series A
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Industries
Health Tech, Fintech
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Locations
Madrid
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Employees
101 to 250
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Business Model
B2B, B2C
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Investors
Mundi Ventures, 468 Capital
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Contact
•••••@asistensi.com
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