Spain's Seed Startups Show Higher Single-Round Share Than Switzerland
- 54.1% of Spain’s seed startups raised only one round.
- Switzerland’s single-round share at seed stage is 53.5%.
- Spain’s pre-seed single-round share exceeds Switzerland’s by 6.3 points.
Across the 1,986 startups Brouky tracks whose first tracked round was at least two years ago in Spain and Switzerland, Spain's seed-stage startups have a 54.1% share of raising exactly one tracked round without follow-ons, slightly above Switzerland's 53.5%. This measure excludes younger startups to allow time for additional rounds, but a second round not captured would inflate the share.
At the seed stage, Spain's stall rate is 49.8%, somewhat lower than Switzerland's 54.5%, indicating a higher proportion of Swiss startups stalled after seed despite a similar single-round share. These figures may partly reflect expanding data coverage.
Looking at pre-seed rounds, Spain shows a 52.7% single-round share, exceeding Switzerland's 46.4%. Spain's 52.7% pre-seed single-round share exceeds Switzerland's 46.4%, indicating a notably higher proportion of Spanish startups that do not raise beyond the initial round at the earliest stage.
Related insights
- Cross-Country AnalysisSwitzerland shows higher single-round seed stall than UK by 5 percentage points
- Deal SpotlightQilimanjaro Quantum Tech raises EUR19.6M Series A backed by Spain’s SETT
- Deal SpotlightYazen Health raises EUR50M Series B backed by Evli Growth Partners and Helsana
- Deal SpotlightConcretene raises EUR5.265M Series A backed by LocalGlobe, Molten Ventures, PXN Equity Finance
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