The Andalusian entrepreneurship ecosystem, Alhambra Venture, held an event a few days ago where it was announced that they had raised more than 103 million euros for their startups. The data reveals the potential of this accelerator and how the event has become a financing tool for startupsadding value to Andalusian talent throughout an entire decade.
Alhambra Venture celebrates 10 years of life in which it has experienced a frenetic development. At the moment has 852 startups and scaleups identified in the region for a value of 900 million euros. Meanwhile, in 2013, the emerging companies as a whole barely reached 100 million euros.
In this sense, since its creation in 2014, Alhambra Venture has witnessed the great “awakening” of the ecosystem, as well as protagonist and promoter in its transformation. He has reviewed more than 680 startups and selected 189 as finalists. Currently, the meeting can boast of having obtained financing for 20% of its participants, specifically for a value of 103,503,866 euros, according to the data obtained from the DealRoom platform, as shown in the following graph.
A solid example of the quality and projection of the Alhambra Venture finalists is that 76% of them are still active and growing, while 2% have had an exit.
Likewise, although Alhambra Venture is open to receiving projects and applications from all over Spain, its focus remains on Andalusiabeing especially active the provinces of Seville, Granada, Malaga and Almeria. Outside the region, the interest in projects arriving from Madrid, Murcia and Extremadura also stands out.
The agenda for the 2023 edition begins to take shape
The countdown is already on. In the coming months, the organization will unveil the program and the confirmation of new speakers, investors and business angels will be announced, as well as numerous new features that are already being prepared to commemorate the celebration of this tenth edition.
The selected startups will be part of the program ACADEMY and the event that will be held on July 4 and 5 at the Palacio de Congresos de Granada.
Specifically, last year, Alhambra Venture received more than 300 investors, 40 of them international. For this edition, more than a hundred have already confirmed their attendance and have declared interest in the 2023 projects.
This year, the Alhambra Venture investor club comes with the investment commitment and will participate in the selection and valuation process of the startups, choosing the winning startup and the sectoral awards in the categories of ‘Most Investable Startup’, ‘Best Resources Humans’, ‘Best agro-water management startup’, ‘Health and bio’, ‘Fintech and insutech’, ‘Mobility and tourism’ and ‘Circular economy’.
