October 23, 2020

Spain is shipwrecked in the select club of unicorn companies


Madrid

Updated:

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Many try, but very few succeed. The unicorn companies, with an estimated value of more than 1,000 million dollars and which are not listed on the Stock Exchange, are counted in Spain on the fingers of one hand. The online travel agency eDreams was the first to reach this milestone six years ago. Today only three national startups are part of this select club: Cabify, specialized in urban transport, which achieved it in 2018; Glovo, dedicated to home delivery, which obtained this status last year; and the real estate portal Idealista, acquired in September by the Swedish fund EQT Partners for 1,321 million euros… “Made in Spain” businesses, heavily supported by technology and the internet,

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