Fundraising support in Mallorca.
For founders in Palma and across Mallorca raising their first or next round: the right investors, a deck and model that survive questions, warm introductions and an outreach system that keeps working. Led by Jamie Mussett Harford, who has raised £130M alongside founders across more than 150 funding rounds, and has lived and worked in Mallorca since 2019.
Where Mallorca founders get stuck.
The wrong amount
Raising too little to reach the next milestone, or too much for the valuation the numbers support
The wrong investors
Long lists of funds that never invest at your stage, in your sector or in Spain · no warm route in
A deck that does not land
Slides that answer questions nobody asked · a model that breaks on the first hard question
Outreach that reads like spam
Hundreds of cold emails, no follow-up system, and no way to see who is actually interested
Ways to raise from Mallorca.
The right money depends on the stage, the sector and how much control you want to keep. Most founders here combine two or three of these.
- Angels
- Private investors, often founders themselves, investing early. Spanish-resident angels can deduct up to 50% of an investment in a qualifying new company from their income tax, on up to €100,000 a year, which is worth putting in front of them.
- Venture capital
- Funds in Madrid, Barcelona, London and across Europe invest in Spanish startups. Each has a stage, a sector and a cheque size; most of the work is finding the few that fit.
- ENISA
- Spain's state lender offers participative loans to young innovative companies, without giving up equity and without personal guarantees, usually matched by the founders' own funds.
- Crowdfunding
- Equity crowdfunding turns customers into investors. Jamie ran 68 campaigns in 2020 alone: 13% of Europe's and 20% of the UK's.
- Banks and guarantees
- Bank and ICO-backed loans for established businesses, and guarantees from the Balearic mutual guarantee society, ISBA.
- Startup Law
- Companies certified as startups under Spain's Startup Law (Ley 28/2022) pay 15% corporation tax instead of 25% for up to four years. Investors like it; it belongs in the plan.
The record behind this guide
- 150+ funding roundsAngels, funds and equity crowdfunding, alongside founders, 2018 to 2025.
- £130M raised alongside foundersAnd venture capital raised for Jamie's own companies.
- In Mallorca since 2019Working with founders across Spain, the UK and Europe.
Calls by video, wherever you are. Working days in Palma by arrangement.
Questions founders ask.
Is there startup investment in Mallorca?
Yes, though most of the money for a Mallorca startup comes from outside the island: angels and funds in Madrid, Barcelona, London and across Europe, plus ENISA loans and crowdfunding. A strong local network helps with the first introductions; the right investor list does the rest.
What does fundraising support actually involve?
Working out the right amount and the right investors, a deck and financial model that survive hard questions, a few warm introductions where there is a real fit, and a personal outreach routine that keeps running after the work ends. Answer a few questions to see what fits your raise.
Do you take a success fee or equity?
No. Jamie charges a fixed fee, takes no success fee, commission or equity in your raise, and does not handle investors' money. Introductions put two people in touch; any investment is agreed between you and the investor.
Do I need to be based in Mallorca?
No. Calls run by video, so founders anywhere in Spain, the UK or Europe take part. Founders in Palma and around Mallorca can also book working days in person.
What do investors want to see from a Spanish startup?
A clear problem and proof that customers want the answer, a team that can deliver, a financial model with honest assumptions, a defined use of funds and a valuation you can defend. The company should be set up properly: usually a Spanish SL, with a clean cap table and, where it qualifies, Startup Law certification.
How long does a raise take?
Plan for three to six months from the first investor meeting to money in the bank, longer for a first institutional round. Getting the plan, deck, list and outreach ready first means those months are spent in meetings rather than preparation.
Tax and loan rules change. The figures on this page reflect Spanish rules as of October 2026. Nine Bar does not give regulated investment, legal or tax advice.
Starting the company first? Read starting a business in Mallorca: autónomo or SL, the steps, the costs and the funding.