Cada año se activan decenas de ayudas y subvenciones para startups y pymes innovadoras. El problema no suele ser la falta de opciones, sino saber cuáles encajan realmente y cómo orientarse.

En The Startup CFO hemos preparado un calendario de ayudas y subvenciones que recoge las principales líneas activas (ENISA, CDTI, regionales, incentivos fiscales) y las organiza en un formato visual y fácil de consultar. Un recurso práctico para entender el ecosistema de ayudas y saber por dónde empezar.

Startup funding news 💸

• Barcelona-based healthtech Biorce raised a $52 million Series A round to expand globally and further develop its AI platform for clinical trials. The round was led by DST Global Partners. Biorce ’s Aika platform uses AI to streamline the design and execution of clinical trials
• Bcas raised €30M in debt funding led by neobank MyInvestor to expand its flexible education financing platform. Bcas combines Income Share Agreements with installment payment solutions for tech education programs in AI, data science, and cybersecurity
• Valeria raised €2M led by Venture Friends to build AI-powered payroll infrastructure for high-turnover industries like hospitality and logistics. Valeria serves 100+ companies, automating onboarding via WhatsApp and streamlining payroll for variable schedules and complex compliance, with plans for pan-European expansion.
• Nneat, a Bilbao-based cybersecurity startup promoted by Versia and led by one of CounterCraft’s founders, closed an €800k funding round. Investors include Easo Ventures, Basque Fund, Seed Capital Bizkaia and BBK Fundazioa
• Biotasmart closed a €500k funding round led by Angels. Biotasmart specializes in clinical microbiota interpretation

M&A activity 🎊

• Hispasec, Spain’s pioneering cybersecurity company and the last remaining veteran in the domestic sector, has been sold to Italian company ReeVo. Founded in Málaga in 1998 by Bernardo Quintero (VirusTotal), Antonio Román, Antonio Ropero and Jesús Cea, Hispasec will keep its headquarters, team (~100 employees), and CEO Miguel Manteca. Cybersecurity is ultra competitive at the moment, and competing globally requires a lot of capital and resources. Miguel Manteca said: “Esta empresa siempre ha crecido de forma orgánica y pausada. Pero hay tanta competencia en el mercado de la ciberseguridad, con empresas tan grandes, y las inversiones que hay que hacer para estar en vanguardia tecnológica son tan fuertes que si no crecemos, nos quedamos fuera. Somos fabricantes de tecnología muy de nicho y necesitamos músculo para poder comercializarla a gran escala”. Bernardo Quintero wrote about the sale and journey here
• The Startup CFO acquired Growth Finance after years of collaboration on financing projects. The acquisition adds non-dilutive financing expertise to The Startup CFO’s services
• French consulting firm Devoteam acquired Spanish Atlassian solutions specialist Deiser. Deiser did €12.8M in sales in 2023

Investor & accelerator news 🚀

• Kembara, the deep tech fund managed by Mundi Ventures, completed its first close at €750M toward a €1B target, making it Europe’s largest deep tech vehicle. The fund targets Series B/C rounds with €15M-€40M tickets, focusing on robotics, clean energy, space, and quantum computing to address Europe’s technological sovereignty gap against the US and Asia. More info also here. The list of LPs includes EIF (€350M), CDTI (€300M), CriteriaCaixa (€100M)
• Hyperion, the defense-focused VC firm led by Pablo Casado, plans to raise up to €1B for its second fund with pan-European scope
• Indra plans to expand its €200M Indraventures fund to €1B by 2027-2030. The fund targets deep tech startups and spinoffs in defense technologies
• The Basque Government launched the first call for its Indartuz fund-of-funds, inviting private managers to propose investments in Basque SMEs and midcaps. Private firms must invest double the public contribution and maintain local offices. The initiative targets €100M+ for scaling startups, with minimum fund size of €50M and maximum 49% public participation. Proposals accepted twice yearly.
• Telefónica appointed Andrés Saborido as new CEO of Wayra, its corporate VC arm
• Interesting read about Mobile World Capital‘s tech transfer program The Collider, which reached a portfolio valuation of €107M in 2025, up 28% from the previous year. The 13 active deep tech spin-offs raised €20.2M last year
• Spanish investors active abroad:
• AppFactor secured a €4M Seed round co-led by Adara Ventures and Tensor Ventures. The London-based platform uses AI to automate software maintenance for enterprises
• Suma Capital co-led a €20M round in Luxembourg-based company R3 Robotics
• GoHub Ventures participated in the $24M Series A round of FX risk management company Bound
• Interview with Carmen Alfonso Rico, founder of VC firm Cocoa. She shares the story of her first angel investment ever, in Hopin. Hopin grew from €2.5M in value to more than €8B in two years, before collapsing in value

Startup news 💡

New startups and product updates

• The hit of the moment in the AI world, OpenClaw, announced a partnership with Malaga-based and Google-owned VirusTotal to bring automated security scanning to ClawHub, its AI agent skill marketplace
• Laborario launched as an affordable time tracking tool designed to help Spanish companies comply with mandatory work hour registration laws. The platform was developed by Loly Garrido and Walter Kobylanski
• Cala AI showed Knowledge Query, a tool that allows users to query structured data about companies and startups using natural language commands
• Predictable Code is the first product out of Predictable Machines, the company co-founded by Spaniard Jorge Galindo. More info here

Startup financials

• Ebury Partners closed its fiscal year with revenues up 30% to €330.8M and net losses cut 28% to €22.3M. The Santander-owned SME payments platform grew its client base 25% to 21,100 companies and improved EBITDA margin from 4% to 16%. The company remains a candidate for a 2026 IPO after postponing plans in 2025
• Clikalia closed 2025 with €5.5M EBITDA and €279M revenue
• Incapto, the Spanish coffee startup challenging Nespresso with automated bean-grinding machines, reported €15M revenue in 2025 with over 40k B2C customers
• Urbanitae raised a record €280M through crowdfunding in 2025, marking a 30% increase from 2024. The real estate financing platform helped fund 3,400 homes and returned over €100M to investors

Profile of companies

• Modelia, a Spanish AI startup, claims to reduce fashion shoot costs by 95% using virtual models. The company has worked with 250 brands including Adidas, Mango, H&M, and Zalando, reporting 30% monthly growth and targeting €1M revenue by 2026

Other news

• Mr Jeff’s founders are currently facing a court cas e brought by franchisees who claim they were misled about the business model and customer acquisition via the app, allegations the founders deny. Spanish prosecutors do not see sufficient evidence of criminal wrongdoing, and the case is pending judgment. The company argues it operated a real business and that Covid-19 and financial constraints ultimately led to its failure
• Tradeinn has strengthened its board with the appointment of Javier Pérez-Tenessa (ex-CEO of eDreams and co-founder of 4Founders Capital) as non-executive chairman and Jonathan Nielsen (ex-CEO of Backcountry) as board member
• Matteco and Dunia Innovations launched a strategic collaboration to accelerate development of next-generation catalytic layers for AEM electrolyzers, key technology for large-scale hydrogen production
• Crescenta hired Alejandra Muguiro as Investment Director. Muguiro previously worked at AltamarCAM Partners, Goldman, among other firms

Big company news 🏦

• A black market for Glovo and Uber Eats delivery accounts has expanded despite both platforms transitioning away from freelance models. Riders rent their accounts for 20-30% commissions through organized social media groups, often to undocumented workers
• PayPal appointed Spanish executive Enrique Lores as CEO starting March 1st, making him the highest-paid Spanish executive at a public company. His compensation package guarantees €33M this year through stock payments, with potential earnings of €34M annually if performance targets are met.
• eDreams received a €9M fine from Italy’s competition authority for unfair commercial practices. eDreams was penalized for using deceptive design strategies and dark patterns to pressure consumers into signing up for and maintaining their Prime subscription service. Also, eDreams Odigeo filed a lawsuit against Danish travel platform Tryp.com in Portugal, alleging “fraudulent and large-scale abuse” of its Prime subscription model. The Spanish OTA claims Tryp.com systematically exploited free trial periods to access Prime benefits and resell tickets, bypassing contractual requirements
• Uber announced robotaxi expansion to Madrid, Houston, Hong Kong, and Zurich, targeting 15 markets by year-end
• Diamond Foundry, the US multinational backed by Leonardo DiCaprio, will invest €1B to build a synthetic diamond wafer manufacturing plant in Zaragoza

Barcelona-based SLNG runs your voice stack globally: leading speech models deployed across 11 regions, plus low-latency, real-time calling agents at the edge—built for quality, scale, and cost efficiency.

Interesting reads 🤓

• Bernardo Quintero (VirusTotal) wrote “Le di acceso root a una IA (parte III): el caso Gaucín y el futuro del programador humano”
• Ignacio Arriaga (ex-Acumbamail) published “¿Va a destruir la IA nuestra capacidad de aprender?”
• Simon Muñoz (Voicemod) published “El valor terminal del SaaS es cero”
• Software and AI engineering studio The Agile Monkeys published “The Engineer Is Dead. Long Live the AI Architect”
• Ametic, Spain’s digital industry association, presented its Digital Agenda 2026-2030 featuring 218 measures to boost the national digital economy. Key proposals include creating a public-private investment fund for AI and big data projects, developing agile regulatory frameworks for AI experimentation, and simplifying data center installation procedures to attract investment