May 2026
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Largest Horizontal SaaS Public Companies in Spain
Benchmark revenue and EBITDA valuation multiples for public comps like
Squirrel Media, Aeternal Mentis, Making Science, Facephi Biometria and Seresco.
 | Squirrel Media SAis a website designing and hosting company and offers a range of great hosting and web-design packages to suit any home or business. | $3 | +7% | $266M | $307M | 1.1x | 10.2x | ||
| Aeternal Mentis SA is a technology services company dedicated to providing other businesses with the infrastructure and services needed for the development of AI models and their subsequent implementation for everyday use. Its business activity is centered around the leasing of computational capacity for the generation and training of Artificial Intelligence models, as well as aiding and advising in their development. Its services include Computing Capacity, Model Generation and Training, Development Support, and Consulting. | $10 | +1% | $131M | $132M | 470.8x | (847.4x) | ||
| Making Science Group SA is engaged in the business of technology and marketing solutions for the e-commerce and digital transformation business. The company provides solutions in the areas of digital marketing, data analytics, e-commerce, and cloud. The company carries out its professional activity in the United States, Spain, Italy, France, and other. The Company obtains its income mainly from advertising and public relations services. | $9 | -16% | $79M | $86M | 0.2x | 14.4x | ||
| Facephi Biometria SA is engaged in developing and marketing face recognition software and mobile biometrics technology. The company's software is used in online banking, mobile banking, social networks, ATM's, single sign-on and automotive sector. Its product offerings include SDK, Selphi, Me and PhiVox. The Company’s main activity consists of marketing and implementation of biometric facial recognition software. The company derives majority of the revenue d from the sale of the rights to use (licensing, maintenance and support) of the recognition technology software by facial biometrics. | $3 | -9% | $76M | $82M | 1.9x | 8.5x | ||
| Seresco SA specialized in software solutions and services in Information and Communication Technology (ICT). The company is providing services in the areas of personnel and payroll administration, digital transformation, cartography and cadastre, IT infrastructures and services, cybersecurity, and software development. | $7 | -29% | $67M | $77M | 1.2x | 6.7x | ||
| Agile Content SA is a technology company that offers in cloud solutions to media companies, telecom enterprises and corporations. It provides solutions that enables publishers and brands to curate, deliver and monetize their content, audiences, video and other content online. The company provides content management, editorial tools and a scalable platform for delivering content as a service. | $3 | -5% | $58M | $86M | 0.9x | 5.3x | ||
| Gigas Hosting SA provides and markets cloud computing services and infrastructure as a service (cloud server hosting or laas), as well as all types of telecommunications services. The company offers various services, including Cloud services for business, Cloud Data Centers, Firewalls, Cloud security services, VPN, g-Cloud CRM, g-Cloud ERM, SMS Broadcast, Mobile Gigas, Gigas Fibers, and others. Its geographical services are: Iberia (Spain and Portugal), which derives maximum revenue, Latin America (LATAM), and the Rest of the world. | $4 | -41% | $47M | $105M | 1.2x | 8.9x | ||
| ISPD Network operates in the online marketing industry. The company specializes in performance and brand marketing. It has two business activities: The online Advertising is managed within the group, covering the advertising activities provided to the company's customers; and Technology services, this activity relates to the servicing of email and SMS platforms, media, consumer intelligence, and e-commerce consultancy platforms. The company offers advertising, content marketing, and cross-channel technology solutions. It generates a majority of its revenue from the Online Advertising Segment. | $2 | -5% | $34M | $36M | 0.2x | 8.1x | ||
| Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings. | $0 | -54% | $27M | $29M | 1.4x | 2.2x | ||
| Median | $3 | -9% | $67M | $86M | 1.2x | 8.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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