Valencia startup funding: the 2025-2026 figures

The biggest confirmed Valencia funding round of 2026 so far is iPronics' 108 million euro Series B, closed on 2 September 2026 with NVIDIA joining as a strategic investor. It comes on top of a record 2025, when the average round for a Valencia startup reached 4.7 million euros, up from 1.7 million in 2024 (+176 %), according to the impact report of the Valencia Digital Summit produced by consultancy EY for Startup Valencia.

• Biggest confirmed round of Q3 2026: iPronics, 108 M€ (Series B, September 2026), with NVIDIA entering as a strategic investor.
• Total raised by iPronics since its founding: 153 M€.
• Average Valencia round in 2025: 4.7 M€, up from 1.7 M€ in 2024 (+176 %).
• Total tracked by the observatory (2025 to date): 16 rounds, around 331 M€ combined.

According to The Daily Valencia's startup funding observatory, iPronics, a spin-off of the Universitat Politècnica de València, raised 108 million euros in a Series B round closed on 2 September 2026, with NVIDIA entering its capital as a strategic investor.

Last updated: 04/10/2026
Next update: January 2027 (quarterly observatory)

The short version: what should you remember?

The average ticket per round in Valencia rose from 1.7 million euros in 2024 to 4.7 million in 2025 (+176 %), and the cumulative valuation of the Valencia ecosystem reached 7.3 billion euros. The largest 2025 deals were Arthex Biotech (73.9 million euros), Quibim (50 million) and Bit2Me (30 million). In 2026, iPronics changed the scale with a 108 million euro Series B in September, after Trak (3.7 million, June) and Eaship (1 million seed round, April). Valencia remains Spain's third tech hub, well behind Madrid and Barcelona.

The round of the quarter: why did NVIDIA invest in iPronics?

On 2 September 2026, iPronics closed a 108 million euro Series B round (125 million dollars), the largest operation recorded in this observatory since it began tracking 2025. The round was co-led by Maverick Silicon and Light Street Capital, with NVIDIA coming in as a strategic investor, according to El Economista, Emprendedores and the press release of the Universitat Politècnica de València.

iPronics is a spin-off of the Universitat Politècnica de València (UPV). It develops programmable photonics, chips that use light rather than electrons to route data, aimed at the infrastructure that runs artificial intelligence workloads. With this Series B, the total raised by the company since its founding reaches 153 million euros.

The round also includes a long list of other investors: Criteria Venture Tech, Triatomic Capital, Bosch Ventures, Catalight Capital, the European Innovation Council Fund, The Tate Family Trust, Fine Structure Ventures, Amadeus Capital Partners and Build Collective.

Why NVIDIA's entry matters: the company is the reference supplier of chips for artificial intelligence, so its decision to take a strategic stake signals industrial interest in iPronics' technology, not just financial interest. For the Valencia ecosystem, it is also a change of scale: a single 2026 round worth more than the largest 2025 operation (Arthex Biotech, 73.9 million euros), for a company born in a public university lab.

How much did Valencia startups raise in 2025?

The EY report for Startup Valencia does not publish a single aggregate figure for the city of Valencia alone, but two indicators capture the change of scale: the average ticket (4.7 million euros) and the cumulative valuation of the ecosystem, which now reaches 7.3 billion euros, against 6.4 billion in 2024 and 1.2 billion in 2019.

At the wider scale of the Comunitat Valenciana (Valencia, Alicante and Castellón combined), the Comunitat Startup federation reports a total of more than 200 million euros raised over 2025, across roughly 1,680 active startups and 21,400 direct jobs in the region. A word of caution applies to aggregate totals: some outlets cite a figure of 229 million euros for the Comunitat Valenciana, without always specifying the scope or the period. In the absence of a clear consensus, that figure is not used here as an official number.

What were the biggest Valencia funding rounds in 2025 and 2026?

The single largest operation of 2025 was Arthex Biotech, at 73.9 million euros, according to the EY report for Startup Valencia. It is followed by Quibim (50 million), Bit2Me (30 million), Maisa (25 million dollars, about 21.4 million euros) and iPronics (20 million). The same report also lists, among the year's notable deals, those of Highlight Therapeutics, Voltrac and Vidext, without disclosing the amounts. In 2026, iPronics came back with a much larger, separate operation: the 108 million euro Series B of September 2026, which does not replace its 2025 round but follows it.

Which Valencia startups raised money most recently?

Apart from iPronics, the observatory tracks nine smaller 2026 rounds, which show that the early stages are moving too: Trak and Eaship are detailed here, the other seven are listed in the table below. In June 2026, Trak, a Valencia startup focused on AI-assisted tele-rehabilitation, closed a 3.7 million euro round, according to the outlet El Ecosistema Startup. The deal was led by CRB Health Tech, with the participation of Angels, the investment vehicle of Juan Roig (chairman of Mercadona), and of Decelera, already on board in an earlier 1.3 million euro round in 2024. The funds will support Trak's international expansion, starting with Colombia, and reinforce its regulatory compliance.

In April 2026, Eaship, a Valencia startup founded in 2023, closed a 1 million euro seed round led by Swanlaab Venture Factory, according to Valencia Plaza. Eaship makes transport management software (TMS) for industrial manufacturers in food, chemicals, packaging, construction and consumer goods.

The largest of the other seven is iPremom, a biotech based in Paterna: a 15 million euro seed round closed on 2 September 2026 and led by Amadeus Capital Partners, to bring to market MaiRa, a blood test designed to flag preeclampsia from the ninth week of pregnancy, according to Actualidad Valencia and Castellón Plaza. Next come Kumori Systems, a UPV spin-off building a sovereign cloud (3 million euros in July, 1.47 million of it from the state-backed SETT, according to Valencia Plaza), Cubicup, founded in Valencia in 2018 (2 million in September, led by Suma Capital), GuruSup (1.3 million in April), Citring (920,000 euros in June, backed by Angels Capital and Faraday Venture Partners), Aniwa (more than 500,000 euros in September) and Feending (200,000 euros in July). The table also includes MasLeads, whose 400,000 euro round dates from April 2025: an older deal, within the period covered, that had not been listed here before.

Is there public support on top of private rounds?

Yes: alongside private rounds, the Ayuntamiento de València has offered since 2026 a public Early Stage grant programme, from 25,000 to 50,000 euros per beneficiary, aimed at traction-stage startups already backed by private investors, through Valencia Innovation Capital. These public schemes revolve around the ecosystem's main hubs, including Marina de Empresas, home to the Lanzadera accelerator.

For how these structures fit together, see our guide to Lanzadera, Juan Roig's startup factory, and our overview of Valencia as a tech city.

Which sectors attract the most investors in Valencia?

Health, biotechnology and artificial intelligence account for most of Valencia's large 2025 deals, and the iPronics round of September 2026 extends that pattern to the hardware side of AI. This mirrors the national trend identified by the EY report for the Valencia Digital Summit: in Spain, artificial intelligence has been, since 2024, the leading destination sector for startup investment, ahead of climate tech, biotech and pharma, medical devices, space, payment systems and the circular economy.

How does Valencia compare with Madrid and Barcelona?

Valencia remains Spain's third technology hub, well behind Madrid (1.2 billion euros invested in 2025) and Barcelona (1.1 billion), according to Startup Genome data relayed by El Ecosistema Startup. Nationally, Spain recorded 59 % growth in startup investment between 2024 and 2025, ranking fourth in the European Union by venture capital volume and third by growth since 2020, behind Ireland and Belgium, again according to the EY report for the Valencia Digital Summit.

Methodology: what does this observatory count?

This observatory only lists funding rounds by startups headquartered in Valencia city or its metropolitan area, each confirmed by at least one dated public source (company or university announcement, specialised press, EY report for Startup Valencia). Rumoured, unconfirmed or undated rounds are not included, nor are companies based elsewhere in the Comunitat Valenciana (Alicante, Elche, Castellón) or in other Spanish regions. The period covered is 2025 and 2026 to date; when a source does not specify the round type, the table says so rather than guessing. The total shown at the top (16 rounds, around 331 M€) adds up the 2025 and 2026 operations listed in the tables; it leaves out Trak's 2024 round, iPronics' cumulative total since its founding and public grants. Two amounts in it are approximate: Maisa (25 million dollars, counted as about 21.4 million euros) and Aniwa (more than 500,000 euros according to the source, counted as 500,000, so a floor).

Last updated: 04/10/2026. Next update: January 2027. The observatory is refreshed every quarter.

Frequently asked questions about funding rounds in Valencia

What is the biggest Valencia startup funding round in 2026?

The biggest confirmed round of 2026 so far is iPronics' 108 million euro Series B (125 million dollars), closed on 2 September 2026, co-led by Maverick Silicon and Light Street Capital, with NVIDIA as a strategic investor. It brings the company's total funding since its founding to 153 million euros.

Why does it matter that NVIDIA is investing in a Valencia startup?

NVIDIA is the leading supplier of chips for artificial intelligence, so its strategic stake in iPronics signals industrial interest in the startup's programmable photonics, not only a financial bet. It also puts a Universitat Politècnica de València spin-off on the radar of the global AI infrastructure industry.

Did iPronics raise 20 million or 108 million euros?

Both, in two different operations. iPronics raised 20 million euros in 2025, according to the EY report for Startup Valencia, then a separate and much larger 108 million euro Series B in September 2026.

What is the average funding round for a Valencia startup today?

The average ticket reached 4.7 million euros in 2025, up from 1.7 million in 2024, according to the EY report for Startup Valencia. The rise mainly reflects the appearance of several deals worth tens of millions of euros, rather than a general increase across all rounds.

Which sectors should you target to raise money in Valencia right now?

Health, biotech and artificial intelligence account for most of the large Valencia rounds recorded in 2025, and the iPronics round shows that AI hardware is following. They are also the sectors seen as strategic by investors nationally in Spain since 2024.

Is there public support on top of private rounds?

Yes. Through Valencia Innovation Capital, the city of València runs an Early Stage programme of 25,000 to 50,000 euros per startup, reserved for companies that already have commercial traction and a first private round. It complements private funding rather than replacing it.

Can Valencia catch up with Madrid or Barcelona on investment volume?

Not in the short term, on the available figures: Madrid and Barcelona each capture more than one billion euros a year, far ahead of the more than 200 million euros for the whole Comunitat Valenciana in 2025. Valencia's progress is playing out through the growing size of tickets and sector specialisation rather than raw volume.

Sources (facts cross-checked and rewritten, never copied): Valencia Plaza, article of 9 June 2026 citing the EY impact report for Startup Valencia (Valencia Digital Summit), the main source on the average ticket and the largest 2025 rounds; El Ecosistema Startup, June 2026 articles on the Trak round and on the position of the Comunitat Valenciana (Startup Genome data); the official Valencia Innovation Capital page for the Early Stage grant programme; El Economista (September 2026), Emprendedores, ecosistemastartup.com and the press release of the Universitat Politècnica de València on the iPronics Series B; Valencia Plaza, article of 27 April 2026 on the Eaship round; Actualidad Valencia and Castellón Plaza (iPremom), Valencia Plaza and DirectorTIC (Kumori Systems), Valencia Plaza (Aniwa), Capital Riesgo and El Ecosistema Startup (Cubicup), El Español and Moncloa.com (Citring), Capital (GuruSup), El Referente and Valencia City (Feending), El Referente (MasLeads), all linked in the table. Consulted between July and October 2026. The aggregate total of 229 M€ mentioned by some secondary outlets could not be confirmed with certainty and is not used as an official figure.

Information verified in October 2026. Funding amounts change constantly: check the cited sources or the startups' official announcements before reusing these figures. This article was prepared with the help of AI, then cross-checked, verified and edited by our newsroom, which takes editorial responsibility for it.

Want to see all our Valencia tech resources in one place? Our complete guide to startups and tech in Valencia brings them all together.