Oct 14, 2024, 10:44 AM
Oct 14, 2024, 3:00 AM

The Hottest Startups in Madrid in 2024

Highlights
  • Madrid is seeing an influx of talent from Latin America due to new visa programs and initiatives.
  • Major tech companies are expanding in the city, raising concerns about housing shortages.
  • The growth of innovative startups positions Madrid as a key hub for entrepreneurship and investment.
Story

In 2024, Madrid is experiencing a surge in talent from Latin America, driven by new entrepreneur visa programs and initiatives from companies like Telefonica. This influx is accompanied by the expansion of major tech firms such as Meta, IBM, Google, and Amazon, raising concerns about housing availability for the growing population of students, engineers, and entrepreneurs. Several innovative startups have emerged, focusing on diverse sectors including payments, eldercare, and healthcare technology. Notable companies include Uelz, which simplifies online payments for international businesses, and Luzia, which has rapidly expanded its user base across Latin America. Additionally, Embat is centralizing financial operations for companies worldwide, while Boopos and Onum are also making significant strides in their respective markets. The overall growth of these startups reflects Madrid's evolving landscape as a hub for entrepreneurship and innovation, attracting investment and talent from around the globe.

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