Funded Artificial Intelligence Startups in Madrid
Madrid's AI funding record across these 35 rounds spans November 2020 through November 2025, with the heaviest cluster of activity falling in 2022 and 2023.
Madrid's AI funding record across these 35 rounds spans November 2020 through November 2025, with the heaviest cluster of activity falling in 2022 and 2023. The single largest disclosed deal is Stratio's $63M Series C from October 2022, a clear outlier relative to the rest of the set; the next tier includes Savana ($25M, April 2022) and Lang.ai ($11M Series A, May 2022). More recent large raises are smaller in scale — Luzia pulled in $14M in May 2025 and Correcto. closed $7M at Seed stage in September 2023.
Early-stage rounds dominate: Seed deals appear most frequently, and Pre-Seed rounds from companies such as Rauda AI ($570K, September 2024), Foliume ($290K, May 2023), and Inrobics ($360K, August 2022) reflect ongoing formation activity. A notable share of rounds, including Xoople, unusuals, Lever.tax, and Tucuvi, carry undisclosed amounts under a Series Unknown label. AsFIn raised twice within nine months — a $250K Seed in December 2023 and a $440K follow-on in September 2024 — making it one of the few repeat entries in this window.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Madrid AI startups in this dataset?
Stratio leads with a $63M Series C closed in October 2022, followed by Savana's $25M venture round in April 2022 and Lang.ai's $11M Series A in May 2022. On the more recent end, Luzia raised $14M in May 2025 and Correcto. closed a $7M Seed in September 2023.
How active has Madrid AI funding been in 2025?
Five rounds appear in 2025 through November: Anyformat ($4M Seed, November), Luzia ($14M Series Unknown, May), Xoople (undisclosed Series Unknown, May), unusuals (undisclosed Series Unknown, February), and xNova International ($1M Seed, January). Three of the five have undisclosed or sub-$2M amounts, suggesting continued early-stage deal flow rather than a shift to later-stage capital.
What round stages appear most often in this dataset?
Seed rounds are the most frequent labeled stage, appearing across Anyformat, xNova International, Ciudadela, Graphext, Argilla, Piper, Correcto., and others. Series Unknown is also heavily represented — at least a dozen rounds carry that label — reflecting either private terms or non-institutional structures common in the Spanish market.
Are there any companies with multiple rounds in this dataset?
AsFIn appears twice: a $250K Seed in December 2023 and a $440K Series Unknown round in September 2024, indicating a follow-on raise within roughly nine months of the initial close.
How many rounds in this set have undisclosed amounts?
At least seven rounds list no disclosed amount: Xoople, unusuals, IDOVEN, Lever.tax, Tucuvi, Botslovers, and Smartvel. All seven are tagged Series Unknown, suggesting the undisclosed pattern aligns with that round classification rather than being evenly distributed across stages.
Is every company in this dataset based in Madrid, Spain?
Almost all are located in Madrid, Spain, but one entry — Nuela, which raised a $320K Angel round in April 2024 — is based in Madrid, Distrito Especial, Colombia. Buyers and researchers filtering for European deals should verify geography at the company level.
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