Madrid: South Summit, co-organized by IE Universitythe flagship meeting of the innovation and entrepreneurship ecosystem, will be held at Madrid between June 8 and June 10and will have nearly $200 billion in investments, provided by some 200 funds, 75% of which are international.
It’s the the largest investment portfolio in South Summit’s 10-year history, 33% more than in 2021, with investors able to meet startups looking for financing.
Looking back, the number of investors attending the South Summit over the past decade has increased eightfold, a growth that has gone hand in hand with the ability to attract investment from startups across Spain, including the compound annual rate increased by 48% between 2012 and 2021according to the PwC report “The socio-economic contribution of the South Summit in Spain”.
“These figures demonstrate the potential that South Summit has had in these 10 years to foster an entrepreneurial and innovative ecosystem attractive to investors, both Spanish and international”, said María Benjumea, founder of South Summit, to add: “more than half of investments in Spanish startups went to South Summit finalist projectsit is therefore important to continue to promote this interconnection between entrepreneurial talents and investors, in order to generate the best opportunities.
The South Summit has also helped make Madrid an attractive destination for startups, as highlighted in the PwC report. Madrid currently concentrates the largest volume of investment in Spainovertaking Barcelona for the first time.
The capital is already one of the main European hubs, with a ecosystem of 3,000 startups employing 40,000 peopleand is the second European city in terms of the number of IPOs.
This edition of the South Summit is co-organized by IE University, with the support of BBVA, Mutua Madrileña, AstraZeneca, Endesa, Wayra – Telefónica Innovation, Google for Startups and Sabadell BStartups as global partners.