As Spain gets its latest VC fund, Southern Europe appears to be on a roll

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As Spain gets its latest VC fund, Southern Europe appears to be on a roll - TechCrunch

Quick Summary:

While startup valuations have plummeted since the bull run of 2021-2022, a factor that’s hit the European startup ecosystem particularly hard, there’s one region of Europe where the correction has slightly worked in its favor: the South.

The annual “State of European Tech” report for 2023 found Spain’s ecosystem to be in fourth place overall and had the highest number of startup fundings last year.

Which country does the new fund think is ‘hotter’ in terms of startups? “I would say, overall, we have three great entrepreneurial cities in Barcelona, Madrid and Lisbon.