Alternative investment continues to gain momentum in Spain, driven by the sustained growth of retail investors and an increasingly broad geographic expansion. This is one of the key findings of the latest Alternative Investment Barometer in Spain published by SEGOFINANCE, a leading alternative investment platform in Spain, based on an analysis of activity within its community of more than 45,000 investors.
The study shows that Madrid and Catalonia continue to hold a clear leadership position in terms of both investor numbers and invested capital, although the ecosystem is increasingly expanding into other regions with growing economic and financial dynamism. Together, Madrid, Catalonia and the Valencian Community account for 70% of the capital invested, consolidating their position as the main regional drivers of the sector.
Madrid Leads the National Market and Accounts for 43% of Invested Capital
Madrid stands as the leading autonomous community within Spain’s alternative investment ecosystem. The region represents nearly 23% of all investors nationwide and concentrates approximately €55 million in investments, equivalent to 43% of the total volume recorded by the platform.
The gap between investor share and invested volume reflects a wealthier investor profile and a higher level of investment activity per user compared with the rest of the country. The report places Madrid well ahead of all other regions in both the number of participants and capital deployed, reinforcing its role as Spain’s leading financial and business hub for alternative investments.
Catalonia Consolidates One of Spain’s Most Active and Diversified Investor Communities
Catalonia ranks second, accounting for approximately 19% of total investors and between 16% and 17% of the volume channelled through the platform. The figures highlight the presence of a particularly large, active and diversified investor community, supported by the region’s strong business and financial environment.
Although Catalonia maintains a highly significant share of invested capital, the difference between its percentage of investors and total investment volume suggests lower average ticket sizes than those recorded in Madrid, pointing to a more distributed and heterogeneous investment profile.
According to SEGOFINANCE, Catalonia remains one of the main engines of growth for alternative investment in Spain, supported by a strong entrepreneurial culture, a high concentration of professionals and executives, and an economic ecosystem that is particularly receptive to new investment models.
Valencian Community Emerges as a Major Growth Hub
The SEGOFINANCE Barometer also identifies the Valencian Community as one of the regions with the strongest growth potential within Spain’s alternative investment ecosystem. The region has approximately 1,200 investors and nearly €11 million in capital mobilised, making it the third-largest region in the country by investment volume.
The figures also reveal a particularly strong investment capacity relative to the size of its investor base. The report links this growth to the region’s entrepreneurial dynamism, the development of new startup and technology ecosystems, and increasing financial awareness of alternative investment products.
Andalusia Stands Out for Investor Numbers, While the Basque Country Excels in Investment Volume
The SEGOFINANCE Barometer highlights how the Basque Country and Andalusia represent two clearly differentiated models within Spain’s alternative investment landscape.
The Basque Country holds a particularly prominent position due to its high investment capacity. The region accounts for nearly €10 million invested, a figure almost equivalent to that of Andalusia despite having less than half the number of investors. The data suggest a highly sophisticated investor profile, with average ticket sizes above the national average and significant wealth levels, in line with the region’s strong industrial and business fabric.
Andalusia, meanwhile, ranks as the third-largest autonomous community by number of investors, accounting for close to 12% of the national total. However, its share of invested volume stands at around 7%, with approximately €9 million mobilised. The report therefore reflects a broad and growing investor base, although with smaller average ticket sizes than those observed in Madrid, the Basque Country or the Valencian Community, pointing to a more fragmented market with wider participation from smaller investors.
Alternative Investment Expands Beyond Traditional Financial Centres
One of the report’s main conclusions is the progressive decentralisation of alternative investment, with increasingly significant activity being recorded in regions such as Galicia, Castile and León, Aragon, Murcia, Asturias, the Canary Islands and the Balearic Islands, where interest in these asset classes continues to grow steadily.
Galicia has approximately 490 registered investors and investment volumes close to €3 million, while Castile and León has around 475 investors and more than €4 million invested, making it one of the most active regions outside Spain’s traditional economic centres.
Aragon has mobilised around €3 million, while Castile-La Mancha exceeds €2.5 million in invested capital. Murcia has reached approximately €2 million in investments, further consolidating its position within the national ecosystem. The SEGOFINANCE Barometer also highlights growing activity in Asturias, with around €1.5 million invested, as well as in the Balearic Islands, which report a similar number of investors and close to €1 million mobilised. The Canary Islands likewise exceed 280 registered investors.
According to SEGOFINANCE, alternative investment is no longer a phenomenon confined to Spain’s major financial centres and continues to broaden its territorial footprint, driven by the increasing interest of retail investors in this asset class.