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The technical sector of Valencia is about to explode

valencia regularly at the top of the ranking of the best cities in the world, for its great combination of more than 300 days of sunshine a year, the Mediterranean Sea at your doorstep and a lifestyle that values ​​leisure, exercise and good food. But it’s not all paella and chill.

The start-up scene of the Valencia region — based mainly in the capital plus the smaller cities of Alicante and Castellon – has gained momentum in recent years and is now making its mark on everything from AI, fintech and cybersecurity to cleantech, healthtech and industrial IoT.

Of TNW’s first conference in Valencia just now around the corner, we’ve rounded up a number of local tech scene leaders who have contributed to the growth of the ecosystem over the past decade. Our goal was to get their views on where the Valencia tech scene is today, what’s going on and the challenges ahead.

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“I always say we are in puberty”, Javier Megaasmanaging partner of the EMEA VC fund of Plug and Play Tech Center in Valencia, TNW said. “This is a very important moment when you create your beliefs and the foundations of your life.

“In the coming years everything will accelerate. We are at the tipping point of the ecosystem change, from a regional, rather local ecosystem to something much more ambitious – and much faster.”

Valencia by the numbers

Data shows a tech hub on the rise. According to the Bankinter Foundation’s Startups Observatory, investments in startups in Valencia increased from €58.5 million in 2021 to €73 million in 2022. The ecosystem tracking platform Dealroom reports that the Valencia region has the highest number of startups per capita in Spain .

Investigate through Start Valencia found that the number of registered startups in the region increased from 1,012 in 2021 to 1,212 in 2022; Dealroom, meanwhile, has an even higher estimate of over 1,500 startups.

Fever became a unicorn in January