Spanish startups and investors rethink strategies as Covid-19 hits funding, valuations
- Spain
- 10 min read
- Apr 15, 2020
- By Emanuela Ferraro, Bernice Tang
Image: Shutterstock
Investors and startups in Spain say most funding has stalled, and share their strategies and advice for coping with the downturn
After a bumper year for Spanish startup investments in 2019, investors and founders are expecting funding to plunge this year, as the Covid-19 pandemic battered the country particularly hard, forcing the local economy to a virtual standstill and markets slumped.
“I know of deals that have been delayed, and some of them even fell through because of investors pulling out,” Eneko Knorr, a veteran investor and serial entrepreneur, said in an interview with CompassList. Knorr has backed some of the biggest successes in the Spanish startup scene, including unicorn Cabify and Ticketbis, which was...
“I know of deals that have been delayed, and some of them even fell through because of investors pulling out,” Eneko Knorr, a veteran investor and serial entrepreneur, said in an interview with CompassList. Knorr has backed some of the biggest successes in the Spanish startup scene, including unicorn Cabify and Ticketbis, which was...
The rest of the content is only available if you are logged in.
We pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website.
IN THIS INSIGHT
MOST VIEWED
RECOMMENDED