Barcelona hits 1,700 startups, a record figure for the economy

Barcelona and Catalonia keep building its startup ecosystem and have earned the title of Southern Europe’s leading hub. According to the Analysis of the Barcelona & Catalonia Startup Hub’s 2020 figures, the region is today home to 1,700 startups, a number that has increased by 57.4% between 2016 and 2020.

The Barcelona & Catalonia Startup Hub is a comprehensive directory that identifies each startup with relevant information about their activity, funding stage and business model. Its 2020 analysis also reveals that Barcelona is the 2nd most popular city among startup founders in Europe, and ranks 4th as a EU hub.


Barcelona, a magnet for international talent

Translated into talent, startups in Barcelona employ 17,517 highly-qualified professionals. Average employment per startup stood at 10 employees with a high percentage of international workers.

The latest data shows that 26% of startup employees are from abroad, while among startup founders, this ratio is 20%.


Tackling the challenges of the future

Barcelona’s startup ecosystem is already tackling the challenges of the future. The study highlights that 66.5% of startups work in 4.0 related technologies, such as Cloud Computing, Big Data, Internet of Things and Artificial Intelligence.

By sectors, 22% of startups operate in the ICT, 21% in leisure and 17% in the health sector.


5th leading EU hub for scaleups

Barcelona is the 5th ecosystem in the EU with the highest number of scaleups, according to the European ScaleUp Monitor 2020. Scaleups are startups that have earned more than US$1M, and some examples from Barcelona-Catalonia are Onna, Paak, UserZoom, Red Points or Wallbox.

Barcelona is also the 3rd EU hub in terms of number of investment rounds for startups. The total number from 2016 to 2020 added up to 1,020 rounds, only behind Paris and London.

Download the report

Access the Analysis of the Barcelona & Catalonia Startup Hub 2020.

Download the infographic

Download the infographic about the Barcelona & Catalonia Startup Hub 2020 report.