Madrid Dominates Barcelona Startup Investment

This is a Madrid news story, published by Wired, that relates primarily to Insud Pharma news.

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The Hottest Startups in Madrid in 2024

Summary

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Madrid startups secured 605 million ( $672 million ) investment above Barcelona ’s 457 million ( $507 million ) in 2023 .

The city has seen solid growth in transportation, mobility and fintech startups during the last three years .

With Meta , IBM , GoogleandAmazon all expanding in the city, the main worry is lack of housing stock for the flood of students, engineers and entrepreneurs.

iFeel customers include Glovo , Insud Pharma , Cabify , TravelPerk , Spotahome and H&M.

Luzia is a WhatsApp and Telegram -based AI personal assistant which uses OpenAI and Meta ’s Llama to provide a ChatGPT-style service.

Senniors is an at-home care company for elderly people.

Shakers has raised $7.7 million in rounds led by Brighteye Ventures , Adevinta Ventures and Wayra .

The company claims it has grown 350 percent in revenue in the past two years .

It has worked with more than 600 Spanish companies including Inditex , Telefónica , Uber and Microsoft .

Expansion across southern Europe is planned for 2025 .

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