Madrid: South Summit, co-organized by IE University, the leading meeting of the innovation and entrepreneurship ecosystem, will be held in Madrid between June 8 and June 10, and will have almost $200 billion in investment, provided by some 200 funds, 75% of them international.
This is the largest investment portfolio in the 10-year history of South Summit, 33% higher than in 2021, with investors able to meet startups looking for funding.
Looking back, the number of investors attending South Summit over the last decade has grown eight-fold, growth that has gone hand in hand with the ability to attract investment by startups throughout Spain, whose compound annual rate has grown by 48% between 2012 and 2021, according to PwC’s report ‘The socioeconomic contribution of South Summit in Spain’.
“These figures demonstrate the potential that South Summit has had during these 10 years in favoring an entrepreneurial and innovative ecosystem that is attractive to investors, both Spanish and international,” says María Benjumea, founder of South Summit, adding: “more than half of the investment in Spanish startups has gone to South Summit finalist projects, so it is important to continue favoring this interconnection between entrepreneurial talent and investors, so as to generate the best opportunities.”
South Summit has also contributed to making Madrid an attractive destination for startups, as the PwC report points out. Madrid currently concentrates the largest volume of investment in Spain, surpassing Barcelona for the first time.
The capital is already one of Europe’s main hubs, with an ecosystem of 3,000 startups employing 40,000 people, and is the second European city in terms of the number of IPOs.
This edition of 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.
