Employees in portfolio companies Employees in initial investments Source: SPAINCAP/webcapitalriesgo 600 500 400 300 200 100 0 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2012 2015 2018 2013 2016 2019 2021 2014 2017 2020 2022 Employees (thoosends) Numbers of companies Impact of Venture Capital & Private Equity in Spain Cummulative number of investee firms The average length of time that companies remain in the portfolio of domestic and international PE&VCs is 4.1 years. With the 403 additional investee companies in 2022, adjusted for duplicities in syndicated investments by several investors in a single company, the historic portfolio of the firms backed by domestic and international PE&VCs since 1972 is estimated at 8,022 companies. Firms backed by Enisa and other similar entities that have not yet received Venture Capital/Private Equity should be added to this figure. In aggregate employment terms, the outstanding portfolio of the domestic and international PE&VCs totaled 514,165 workers at the end of 2022, compared to 481,700 in 2021, with an average of 160 workers per company. Employment in the portfolio companies of Enisa and/or other regional organizations is not included in this figure. Employment in new investee companies in 2022 was estimated at 67,985 workers, with an average of 169 workers for each new company added.