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Business Angels Spain 2024: The Quiet Revolution Changing the World of Innovation

Writer: Anastasia MasloAnastasia Maslo

Updated: Oct 4, 2024

As The Octo Studio in the heart of Barcelona, we closely follow the development of the investment landscape . And in 2024, the strengthening of the position of business angels in Spain is particularly noticeable. They are no longer just individual enthusiasts, but a full-fledged force influencing the development of innovation in the country.



But what makes Spanish business angels so special, and why is Spain becoming a magnet for startups?

 

Spain 2024: The Age of Business Angels


  • Government support : Spain has created a favorable climate for startups: simplified taxation , access to grants and support programs, and special visa regimes for entrepreneurs. This encourages business angels to actively invest.


  • Success Stories : Companies like Jobandtalent , Glovo and Cabify started with angel investment and achieved impressive results. This inspires other investors and entrepreneurs.


  • Professional community : Spanish business angels actively join associations (for example, AEBAN ), exchange experiences and improve their qualifications.


 

Spain vs. the World: Unique Traits of Business Angels

Criterion

Spain

Other countries

Motivation

Often a combination of financial goals and a desire to support innovation, as well as a strong focus on local development.

Mainly financial motivation.

Investment size

Average check - 50,000 euros. Readiness for small investments in the early stages.

Average check varies, but is often higher. Focus on more mature projects with potential for rapid growth.

Relationships with startups

Active mentoring, sharing of experience and connections, striving for long-term partnership.

Often limited to financial support.

Investment sectors

Focus on sectors related to tourism, real estate, renewable energy and technology for small and medium businesses.

Investments are more diversified across sectors.

Geographical focus

Preference is given to Spanish startups or startups with plans to enter the Spanish market.

The geographic focus varies.

Transparency and regulation

High level of transparency, active participation of business angel associations.

The level of transparency and regulation varies from country to country.

 

Why is Spain the perfect place to launch a startup?


  • Access to funding : Spanish business angels are willing to invest at early stages when funding from other sources is difficult to obtain.


  • Mentoring and support : Business angels do more than just give money, they share their experience, connections, and help startups grow.


  • Favorable ecosystem : Spain offers startups simplified taxation, access to grants and support programs, and special visa regimes for entrepreneurs.


  • Quality of life : Spain is renowned for its climate, culture and high standard of living, which attracts talented professionals from all over the world.


  • Well-developed infrastructure : Spain has a modern infrastructure, including high-speed internet and transport networks, making it easy to do business.


 

Conclusion


Spain in 2024 is a shining example of how angel investor support can be a powerful driver of innovation and economic growth . If you dream of launching a startup, Spain is the place to make your dreams come true.


As a business analyst, I see great potential in the Spanish startup ecosystem. And I am sure that in the coming years we will see even more success stories born here in Barcelona and throughout Spain.


 



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