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The new face of Madrid: 10 startups defining the city’s entrepreneurial spirit
- Madrid has become a prominent force in the European tech landscape, fueled by government initiatives and an influx of talent, particularly from Latin America.
- Madrid’s thriving ecosystem has resulted in an increase in venture capital investment and startups that span diverse sectors such as fintech, biotech, and sustainable energy.
- In this article, 10 promising early-stage startups based in Madrid after 2021 are highlighted, each set to shape the future of innovation in the coming years.
- Clevergy has raised €2 million to develop an app that works with marketers, enabling customers to make informed decisions about their energy usage.
- Cocoon Bioscience has developed an innovative platform using insect cocoons to produce high-performance recombinant proteins and enzymes, successfully raising €17 million.
- Correcto is an AI-driven writing assistant that enhances Spanish writing by delivering real-time corrections for spelling, grammar, and punctuation, it has raised €7 million.
- Embat is a fast-growing fintech company that has successfully raised €21.2 million to automate treasury management for businesses using real-time banking connectivity and AI-driven accounting.
- Galeneo Health emerged during the pandemic to provide primary home healthcare for patients and has successfully raised €1.
- Luzia has developed an AI-powered chatbot that integrates with WhatsApp and transcribes audio messages, answering questions, generating text, translating languages, and assisting with creative writing within the app.
- ONUM is a cloud-based platform that tracks and analyzes data for companies throughout the cycle, from collection to storage, and has raised €37.4 million.
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