SCALEUP COMPANY

Accelerate your business with these expert tips on "Scaleup Business" - take a look and discover this TIP!

Scaleups are companies with more than three years of lifewith an average growth in employees or turnover of more than 20% per year and with at least 10 employees. Challenges, turnover, number of employees or business area; are the main factors that differentiate a startup from its big sisters, the scaleups. The scaleups are startups who have grown older by validate its business model in the market and continue to grow.

The main difference between a startup and a scaleup is the type of challenges the company faces:

While the startup has validation challenges, the scaleup seeks growth and consolidation; turnover, number of employees or the number of geographies in which it operates will tend to be lower in the former than in the latter. Companies in start-up phase in Spain raise rounds of 0.5 to 3 million in financing, while those in the scaleup stage are 5 million rounds are common.

There are also differences between founders, scaleup entrepreneurs think big and see opportunities in the challenges they face. In addition, most scaleup promoters come from the corporate world and have undertaken to solve a problem that seemed important to them, being in many cases, one that they have experienced first-hand, creating the right solution.

More and more Spanish startups can be considered a scaleup. In other words, a project in its most advanced stage of development that has already advanced in the execution of its business model, consolidating its growth in both revenues and employees.  24% of the scaleups already have a turnover of more than €1M and 60% have more than 10 employees.