2022 | StartupBlink View the Global Startup Map p. 106 The plan includes a new startup law with the goal of supporting early stage startups with tax incentives and reduced bureaucracy. For example, startups led by women will benefit from regulatory sandboxes. With Glovo and Cabify, Spain proved its capacity to produce national/ regional unicorns, and we hope that these success stories will inspire other entrepreneurs and promote foreign investment in the Spanish startup ecosystems. A core advantage Spain enjoys is a shared language and a deep connection with Latin America. As Latin American startup ecosystems grow, it is natural that they work with Spain as their gateway into Europe and other global markets. Notable Startups and Ecosystem Champions ÂCabify Madrid, Spain Cabify is a marketplace for personal transportation. ÂJobandtalent Madrid, Spain Jobandtalent is an online staffing marketplace for finding and filling gig-type jobs. ÂTravelPerk Barcelona, Spain Aiven is an information technology company that TravelPerk is a travel platform that provides travel and expense management services for business travelers. Pantheons ÂTelefonica Madrid, Spain Telefónica is one of the largest telephone operators and mobile network providers in the world. ÂGlovo Barcelona, Spain Glovo is a courier service that purchases, picks up, and delivers products ordered through its mobile application. ÂMobile World Capital Barcelona, Spain MWC Barcelona is one of the world’s most influential events for the connectivity industry. Unicorn Unicorn Unicorn Early stage Median round: $0.52M Medium and late stage Median round: $4.25M Startups Funding Share Please refer to the ecosystem case study section to read a detailed analysis of Barcelona’s and Madrid’s startup ecosystem.