Radar Companies Gaming · Madrid
Radar · Gaming in Madrid

Best Gaming Companies in Madrid, Spain

The 69 best Gaming companies in Madrid, Spain in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Elixir Games.

69companies tracked
$65.2Mdisclosed funding
0unicorns
18have raised
FLIAR INTELLIGENCE · GAMING × MADRID

Our analysis of 180 Gaming companies

$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

180companies analysed
90%cloud-native stacks
2024funding peak (by rounds)
14unicorns
2020median founding year

Ranked: Best Gaming companies in Madrid

#CompanyLast roundDisclosed fundingStageFounderEmployeesTech stackRecent signals
1Unkasoft Advergaming
In-game advertising company
$2MDeadpooledJaime Lanchares
Founder & CEO
19
25th Element Gaming
Developer of mobile-based casual video games
UnfundedLuis Cabrera
Co-Founder
3Alima Studios
Independent mobile game development studio based out of Spain
UnfundedAlberto Benito Oter
Co-Founder
4Big Bang Box
Developer of multi-genre casual games
Funding Raised13WordPressMySQLPHP+18
5Blackd Tools
Online marketplace to buy virtual assets for the multiplayer game Tibia
UnfundedBlackd
Owner
Cart FunctionalityPHPPayPal+2
6Cerebriti
Provider of game development platform and tools
Unfunded3PleskPHPNginx+33
7CodeLabs
Development studio based out of Spain specializing in core racing and action games
DeadpooledJavier Castilla
Founder & CEO
8Dixper
Streaming platform for gamers
Funding Raised15TypeScriptFirebaseTwitch Player+12

Top 12 Gaming companies in Madrid

#1
Seed · Madrid, Community of Madrid · founded 2018
$14Mraised

Provider of gaming technologies and systems for cash accounting and surveillance in games. The company offers PC game launcher that allows players to monetize their time spent on games and own in-game assets forever. It also, develops games such as "No way back" a multiplayer battle game and "Tinies" a fast-paced prawler game.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers — 11.4% of this cohort's audience
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Jun 2024Seed
  • May 2024ICO$2.1M
  • Mar 2024Seed$14M
Founders & team
Carlos RoldanFounder & CEO
Investors
Shima Capital, SQUARE ENIX, Solana, WEMIX, Purechain Capital, Ryze Labs
Tech stack
ChatwootCloudflareCookieyesCore-JsEmotionFacebook Pixel
#2
Funding Raised · Madrid, Community of Madrid · founded 2021
$250Kraised

Provider of a blockchain-based strategy game for multiple platforms. Second World is a fully-on-chain competitive city-building and strategy game that allows players to build and manage their cities, form alliances, and initiate wars with other players in a massive-multiplayer online environment and a player-driven economy. The game is available on mobile and web platforms.

Funding rounds
  • Jun 2024ICO$250K
Founders & team
Carlos RipollCo-Founder & CEOCarlos Cameo GilabertCTO & FounderNacho AnsorenaCo-Founder
Investors
BANC
#3
Seed · Madrid, Community of Madrid · founded 2020 · 19 employees
$11.3Mraised

Provider of reward-based gaming platform. It is an online gaming platform for users to complete game in-game objectives, compete in tournaments, and trade earned in-game assets in the marketplace.

Funding rounds
  • Feb 2022Seed$11.3M
Investors
Avalanche, Shima Capital, Flori Ventures, Poolz Finance, LucidBlue Ventures, Oracles Investment Group
#4
Series A · Madrid, Community of Madrid · founded 2017
$9Mraised

Developer of skill-based gaming platform offering real-player competitions and rewards. The platform facilitates matches between players of similar skill levels. It provides a gaming environment where skill determines the outcome. The platform offers users the opportunity to receive rewards.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 6.3% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Product Analyst
Funding rounds
  • Nov 2021Series A$5.7M
  • Jan 2020Angel$3.3M
Founders & team
Baldomero SanchezFounder & CEOPablo ChacarraDirector of Operations
Investors
Greenmont, Gtak Capital, Asterius, GMV
Tech stack
CloudflareGoogle Font ApiGoogle Hosted LibrariesGoogle WorkspaceHstsHttp/3
#5
Series A · Madrid, Community of Madrid · founded 1999 · 30 employees
$9Mraised

Developer of an esports platform intended to help gamers compete online for real money prizes. The company's platform organizes tournaments and other competitions based on a selected range of games where users can participate and create their own tournaments and provide cash prizes, enabling users to join online game competitions as per their expertise and level-up.

Founders & team
Alejandro Saez NovalesCo-Founder & CEOBaldomero Sanchez GranadinoCo-Founder & COO
Investors
Greenmont, Gtak Capital, Donato Gonzalez, Francisco Riberas, Jaime Martín Laborda, Asterius
#6
Seed · Madrid, Community of Madrid · founded 2018 · 15 employees
$2.9Mraised

eSports team organization for training and development. The company creates intersections between the esports and traditional sports industries and competes in sports simulation titles such as FIFA and NBA 2K.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers — 2.8% of this cohort's audience
Activity: 1 partnerships (incl. PUMA Group) announced in 12 mo
Founders & team
Mario Fernández GonzálezCEO Team DUX Gaming
Tech stack
AstroGoogle WorkspaceNginxPriority HintsTailwind CssUbuntu
#7
Funding Raised · Madrid, Community of Madrid · founded 2012
$290.3Kraised

Video game developer. The portfolio of games includes Do not feed the monkeys, The fabulous Fear machine, Do not feed the monkeys, and many more. It develops games for PC and consoles and is made available on the steam platform.

Funding rounds
  • Feb 2023Grant (prize money)$118.8K
  • Sep 2020Grant (prize money)$64.4K
  • Nov 2018Grant (prize money)$67.7K
  • Mar 2015Grant (prize money)$39.4K
Founders & team
Alberto TenorioCo-FounderMario OlivanCo-Founder
Investors
Europa
Tech stack
Apache Http ServerCookie NoticeCookieyesDiviGoogle Font ApiIonos
#8
Seed · Madrid, Community of Madrid · founded 2017 · 45 employees
$1Mraised

Team Queso is an esports player organization. It has teams for various games like League of Legends, Clash Royale, Fortnite, CS: Go, and more. The partners of the company include Telepizza, Elgato, Lotto, and more. Users can also buy team merch from the store on the website.

Investors
Belobaba Crypto Fund
Tech stack
All In One SeoAstraContact Form 7CookiebotCore-JsElementor
#9
Seed · Madrid, Community of Madrid · founded 2017 · 19 employees
$1.3Mraised

Online gaming platform for playing PC and android games. The company offers a cloud-based gaming platform where users can play video games with friends and others on PC, android, and mac.

Funding rounds
  • Jan 2022Seed$1.3M
Founders & team
Begona Fernandez-CidCo-Founder
Investors
DraperB1, Archipelago Next, COREangels, Tokavi, Grupo Villar Mir, Savvy Capital Partners
#10
Acquired · Madrid, Community of Madrid · founded 2013 · 30 employees
$5.5Mraised

Playgiga is a cloud gaming technology provider for gamers, telco companies, and game publishers. It enables users to play AAA quality games on their PC devices and TV through monthly based subscription plans. It also enables game publishers to publish their games for targeted game players and generate revenue.

Funding rounds
  • Jul 2015Series A$5.5M
  • 2014Seed
Investors
Caixa Capital Risc, Inveready, Bankinter, Adara
#11
Deadpooled · Madrid, Community of Madrid · founded 1995
$3.9Mraised

Video game distribution and publishing company

Investors
Axon Partners Group, Amuse Capital
#12
Deadpooled · Madrid, Community of Madrid · founded 2005
$2.5Mraised

LemonQuest develops and publishes mobile games and entertainment applications for network operator portals. It also operates a Web site offering corporate and game information. Its products include mobile games, dictionary, and underground maps of the European cities, Los Angeles, and New York. LemonQuest was founded in 2005 and is based in Madrid, Spain.

Funding rounds
  • Sep 2006Series A$2.5M
Founders & team
Ignacio CaveroCo-Founder & President & CEOJesus LozanoCo-Founder & COOJorge Gonzalez de San RomanCo-Founder
Investors
Debaeque

Funding & investor landscape

$65.2Mtotal disclosed funding
20companies funded
21disclosed rounds
0rounds last 90 days
Most active investors
Europa3 rounds
Lanzadera3 rounds
Asterius2 rounds
Greenmont2 rounds
Gtak Capital2 rounds
Inveready2 rounds
Shima Capital2 rounds
316VC1 rounds
4Founders Capital1 rounds
Adara1 rounds

Notable founders

Carlos Roldan
Founder & CEO · Elixir Games
Carlos Ripoll
Co-Founder & CEO · Second World
Carlos Cameo Gilabert
CTO & Founder · Second World
Baldomero Sanchez
Founder & CEO · Backspin Games
Pablo Chacarra
Director of Operations · Backspin Games
Alejandro Saez Novales
Co-Founder & CEO · eGoGames
Baldomero Sanchez Granadino
Co-Founder & COO · eGoGames
Mario Fernández González
CEO Team DUX Gaming · DUX Gaming
Alberto Tenorio
Co-Founder · Fictiorama
Mario Olivan
Co-Founder · Fictiorama
Begona Fernandez-Cid
Co-Founder · Nware
Ignacio Cavero
Co-Founder & President & CEO · Lemonquest
Prism market signals · Spain · country-scoped Prism corpus, 1,354,665 docs

Market landscape — 10 sub-themes by coverage

Share of Gaming coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Spain

How research on Gaming Technology is moving in Spain

A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 85 Spain-affiliated papers.

research sentiment over time
201420152016
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and steady — the enthusiastic (strongly-positive) share moved 38% → 38% across 2014–2016.
top research entities
  • Universidad de Zaragoza14
  • Universitat Politècnica de Catalunya11
  • Universitat Politècnica de València11
  • Universitat de Barcelona6
  • Universidad Rey Juan Carlos6
leading researchers
Dinael Guevara · Diego Gutiérrez · Alejandro Beacco · Nuria Pelechano · Andrés Navarro · Joan-Manuel Parcerisa · Carlos Andújar · Aitor Moreno
Breakthroughs34 · 40%
▼ 23%→0% share
5 median citations32% since 2021mostly methods-led
Breakthroughs are cooling (23%→0% of field), led by Rendering (computer graphics).
rising sub-themes (early→recent)
  • Rendering (computer graphics)25
  • Real-time rendering11
  • Computer graphics (images)11
  • Human–computer interaction6
  • Visualization6
Landmark Eliminating redundant fragment shader executions on a mobile GPU via hardware memoization · 54 cites
Advancements36 · 42%
▼ 58%→0% share
3 median citations17% since 2021mostly methods-led
Advancements are cooling (58%→0% of field), led by Game engine.
rising sub-themes (early→recent)
  • Game engine18
  • Rendering (computer graphics)14
  • Computer graphics (images)12
  • Simulation6
  • Real-time rendering6
Landmark Using the Roblox Video Game Engine for Creating Virtual tours and Learning about the Sculptural Heritage · 80 cites
Concerns3 · 4%
▼ 4%→0% share
0 median citations0% since 2021mostly empirical
Concerns are cooling (4%→0% of field), led by Game engine.
rising sub-themes (early→recent)
  • Game engine2
  • Computer graphics (images)1
  • VRML1
  • Rendering (computer graphics)1
  • Visualization1
Landmark Volume Ray Casting in WebGL · 6 cites
RESEARCH HOTSPOTS · Spain

Where gaming tech is researched across Spain

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Barcelona16 · +0.59
Hot · Rendering (computer graphics)Advancing · Real-time renderingOpportunity · Graphics
Zaragoza14 · +0.58
Hot · Rendering (computer graphics)Advancing · Real-time renderingOpportunity · Virtual reality
Valencia12 · +0.49
Hot · Game engineAdvancing · Rendering (computer graphics)
Madrid10 · +0.78
Hot · Game engineAdvancing · Human–computer interaction

Common questions

How many Gaming companies are there in Madrid, Spain?
Radar tracks 69 indexable Gaming companies headquartered in Madrid, Spain that meet our profile-completeness bar.
What is the total funding raised by Gaming companies in Madrid, Spain?
The Gaming companies in Madrid, Spain on this list have raised a combined $65.2M in disclosed equity funding across 20 funded companies.
Which is the highest-funded Gaming company in Madrid, Spain?
Elixir Games is the highest-funded Gaming company in Madrid, Spain, with $14M in disclosed equity funding.
How many Gaming companies in Madrid, Spain are funded?
20 of the 69 Gaming companies in Madrid, Spain on this list have disclosed at least one equity funding round.
How many Gaming unicorns are there in Madrid, Spain?
None of the Gaming companies in Madrid, Spain on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Madrid, Spain Gaming companies?
The most active investors in Madrid, Spain Gaming companies on this list include Europa, Lanzadera, Asterius, Greenmont, Gtak Capital.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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