We recently released our list of the Top Portuguese Startups To Watch in2022.
Portugal is known for many things, Christiano Ronaldo, sandy beaches and great scenery, but the country is currently undergoing a shift in its startup market. The countrys government reported that during 2019, 285 Million Euros of investment went up for grabs, with the top-25 startups raising 117.8 Million during that same year. These figures show the potential of the market, but Portugal still has some catching up to if it is going to compete with the biggest startup ecosystems. There are some top Portugese startups to watch in 2021. If youre looking for startups in other countries, we also have other top startup lists tobrowse.
The continued development of the ecosystem in the country has led to Portugal being listed as one of the 40-best countries for startup development. So, now to dive right into the list of some of the best startups that Portugal has tooffer.
We recently released our list of the Top Portuguese Startups To Watch in2022.
1. Unbabel
Year Founded: 2013
HQ: Lisbon, Portugal
Size: 101250
Founder(s): Bruno Prezado, Hugo Silva, Joo Graa, Sofia Pessanha, VascoPedro
Unbabel is a language technology startup that was founded in 2013 and is currently headquartered in Lisbon, Portugal. The company provides B2B solutions for enterprises that want to overcome language barriers between themselves and their customers. This is achieved through the use of advanced AI and machine learning technology. This increases the speed and accuracy of translations and communication.
So far, the company has managed to attract a massive amount of investment, with $91.2 Million being put into the business. This was achieved from a group of 37 investors. Interestingly, one of these investors is Samsung Next, a funding arm of the well-known tech and smart device company,Samsung.
2. ComparaJa
Year Founded: 2015
HQ: Lisbon, Portugal
Size: 51100
Founder(s): SergioPereira
ComparaJa is a fintech company that was founded in 2015 and is currently based in Lisbon, Portugal. The company provides a free platform users online, that allows them to compare a range of different telecoms and credit products. This helps customers to find the options that are best suited to their needs and helps them to savemoney.
Despite the fact that the company has grown largely since being founded in 2015, they have not yet received outside investment to further the growth and development of the company. Despite this, they are one of the most exciting startups in Portugal at thistime.
3. Casafari
Year Founded: 2017
HQ: Lisbon, Portugal
Size: 51100
Founder(s): Dmitry Moskalchuk, Mila Suharev, NilsHenning
Casafari is a real estate tech startup that was founded in 2017 and is currently operating from Lisbon, Portugal. The company operates by providing and maintaining a vast property database to create a massive list of potential investment opportunities for those that want to get involved in real estate. This is achieved in real-time and creates great value for investors.
So far, Casafari has proven its worth to investors, which has culminated in the company receiving 5 Million Euros in funding since 2017. This funding was achieved from a group of 14 investors. These investors were a mix of angel investors and venture capitalfirms.
4. Stratio
Year Founded: 2017
HQ: Lisbon, Portugal
Size: 51100
Founder(s): Ricardo Margalho, RuiSales
Stratio is a fleet management and SaaS startup that was founded in 2017 and is currently operating from Lisbon, Portugal. The company utilizes advanced AI and machine learning functionality to provide predictive maintenance solutions. This means that logistics companies will be able to minimize the downtime impact of repairs and general maintenance.
Stratio has already received some notice from investors during the companys Seed Funding ventures. So far, the Portuguese startup has managed to raise a collective 3 Million Euros from a pair of investors.
5. GoParity
Year Founded: 2017
HQ: Lisbon, Portugal
Size: 110
Founder(s): Nuno BritoJorge
GoParity is a fintech startup that was founded in 2017 and is currently headquartered in Lisbon, Portugal. The company operates a P2P savings and investment platform that helps to simplify the investment process and help more people to make income and achieve true financial literacy.
The Portuguese startup has already undergone a Pre-Seed Funding Round, with the company having raised 900,000 Euros from a pair of investors. There were numerous of these rounds, with the most recent having taken place earlier this month. This shows the ambition and future growth goals of thecompany.
6. nBanks
Year Founded: 2018
HQ: Porto, Portugal
Size: 110
Founder(s): Orlando GomesCosta
nBanks is an example of a Portugal startup in the fintech space, the company was set up in 2018 and is currently working from Porto, Portugal. The company seeks to improve relationships between banks and customers by allowing both to use their platform, which provides a transparent and effective marketplace for financial products.
nBanks has already managed to achieve some startup funding to further the growth and development of their platform. Since being founded in 2018, the company has gone on to raise a total of 205,000 Euros. This was across two rounds of Seed Funding, with the most recent coming in2019.
7. Infraspeak
Year Founded: 2015
HQ: Porto, Portugal
Size: 51100
Founder(s): Felipe vila da Costa, LusMartins
Infraspeak is a communication technology startup that was founded in 2015 and has operated from Porto, Portugal since. The company has developed a platform to improve the efficiency and effectiveness of facilities management for businesses. This is achieved through the rapid sharing of information achieved by the platform, as well as making the process much simpler to carryout.
So far, Infraspeak has been a Portugal startup that has caught the eye of investors. This is evidenced by the fact that the company has managed to raise $5.4 Million in startup funding from investors, despite only having traded for six years so far. One of these investors includes 500 Startups, despite the fact that they were not a lead investor.
8. PlatformE
Year Founded: 2015
HQ: Oporto, Porto, Portugal
Size: 1150
Founder(s): Ben Demiri, Gonalo Cruz, Jos Neves, Joo Magalhes
PlatformE is a 3D technology and fashion startup that was founded in Oporto, Porto and has been operating since 2015. The company provides a simple, yet powerful Made To Order (MTO) solution that allows customers to create any design of clothing that they want, which can then be delivered to them. This is a massive step forward as people and businesses will be able to get items, ordered specifically to theirneeds.
So far, the advanced and interesting offer of PlatformE has caused investors to part with a large amount of money. So far, the company has managed to gain a massive $16.6 Million from investors, with the Portuguese startup easily being one of the most innovative and exciting in the Portuguese startup ecosystem.
9. TonicApp
Year Founded: 2016
HQ: Porto, Portugal
Size: 1150
Founder(s): Andrew Barnes, Christophe de Kalbermatten, Daniela Seixas, DvidBorss
Tonic is a healthcare startup based in Porto, Portugal that has been operating since being founded in 2016. The company provides an app that is like a compendium for doctors, allowing for improved diagnosis and treatment due to the fact that doctors are given access to academic research, book materials, healthcare providers and much more. Having all of this under one roof increases the viability of the system and makes it easier fordoctors.
So far, Tonic and its app have managed to convince a total of four investors to further fund their idea and business model. From these four investors, the company has managed to raise 3.5 Million Euros. One of the lead investors for this company is the venture capital firm, Portugal Ventures.
10. EatTasty
Year Founded: 2015
HQ: Lisbon, Portugal
Size: 1150
Founder(s): Orlando Lopes, Rui RochaCosta
EatTasty is a food technology startup that is currently based in Lisbon, Portugal and has been operating since 2015. The company operates a model whereby unused kitchen space can be made useful. This is achieved through their platform, where the production of their daily lunch menus are outsourced to ensure that delivery can easily be achieved on a locallevel.
So far, the Portuguese startup has managed to catch the attention of 14 investors that have collectively pledged 2.1 Million Euros into the the company. EatTasty has also been active in the acquisitions market, taking over the fellow food technology startup, Breakfast Group in2019.
11. Xhockware
Year Founded: 2014
HQ: Porto, Portugal
Size: 1150
Founder(s): Joao Neiva, Joao Rodrigues
Xhockware is a retail technology startup that is currently based in Porto, Portugal and has been operating for seven years. The company provides a large array of digital solutions tailored to retailers, which can increase customer footfall and purchases by making use of a variety of different tools contained within their platforms.
Xhockware has had some good fortune with investment since being founded in 2014. In total, the company had managed to raise 4 Million Euros. This was achieved through a quartet of investors that were interested in thecompany.
12. WiseCrop
Year Founded: 2012
HQ: Porto, Portugal
Size: 110
Founder(s): Flvio Ferreira, Miguel Rodas, Ricardo Neves, Sandro Vale, TiagoS
WiseCrop is an agricultural technology startup that was founded in 2012 and currently operates from Porto, Portugal. The company provides a solution for farmers that allows them to use predictive indicators to make farming decisions. Their package also includes business management tools that can be of great use to their customers.
WiseCrop has managed to receive a respectable amount of startup funding both through grants and the companys own funding rounds. So far, the company has managed to make $465,500 for further research and development and to continue growing the business ingeneral.
13. MindProber
Year Founded: 2016
HQ: Matosinhos, Porto, Portugal
Size: 110
Founder(s): Nuno Dias, Pedro Chaves, Pedro R.Almeida
MindProber is a consumer neuroscience startup that was set up in 2016 and has been operating from Matosinhos, Porto, Portugal. Led by its founding trio, the company provides high-speed and easily scalable media testing solutions. These solutions can help companies to identify trends and sentiments surrounding various media activities.
MindProber has managed to attract a healthy level of investment to continue the growth of the Portugal startup. So far, the company has received funding from a total of five investors, totalling up to 500,000Euros.
14. SMARKIO
Year Founded: 2015
HQ: Porto, Portugal
Size: 1150
Founder(s): RuiCampos
SMARKIO is a Portugese marketing startup that was founded six years ago and is currently based in Porto, Portugal. The companys digital marketing platform gives users access to copywriting, marketing, analytics and quality solutions. This helps businesses to make better strides in their campaigns and improve the quality of their lead generation.
SMARKIO has only received outside investment from one company, although this number of 1.5 Million Euros is a very impressive first investment. Especially for a company in the dominated marketing sector. This investment was provided by Explorer Investments during SMARKIOs seed fundinground.
15. Fibersail
Year Founded: 2015
HQ: Oporto, Porto, Portugal
Size: 110
Founder(s): Carlos Oliveira, Hugo Rocha, PedroPinto
Fibersail is an energy technology startup that was founded in 2015 and is currently based in Oporto, Porto, Portugal. The company provides analytics and oversight solutions for companies operating wind turbines. This real-time data helps to organize maintenance and ensure the continued safety and unimpeded operations of wind turbines, making renewable energy more realistic.
Fibersail has already managed to attract outside investment to improve its operations. So far, the company has received backing from six investors, to the tune of 815,500 Euros. This investment came from a mixture of grants and venture capitalfunding.
16. GOVWISE
Year Founded: 2017
HQ: Lisbon, Portugal
Size: 110
Founder(s): Francisco Vaz Figueiredo, PedroMarques
GOVWISE is a data and predictive analysis startup that was founded four years ago and is currently operating from Lisbon, Portugal. This allows companies that serve the public sector to predict upcoming government contracts and makes it more likely for these companies to actually win those government contracts. The dual founders of the company have created a robust technological solution.
So far, the company hasnt received much in the way of startup funding, with 60,000 Euros being raised during the companys Pre-Seed Round. Despite this, when the company begins to seek more investment, it wont be a surprise if the Portuguese startup gains a lot more funding the next timearound.
17. ForAllPhones
Year Founded: 2016
HQ: Lisbon, Portugal
Size: 51100
Founder(s): Jos Costa Rodrigues, Jos Costa Rodrigues
ForAll Phones is a consumer electronics startup that was founded in 2016 and currently has its head office in Lisbon, Portugal. The company seeks to tackle the problem of electronic waste by taking old mobile phones and reselling them. This means that old items will get a new lease of life, without being needlessly thrown away in a garbage dump somewhere.
So far, the company has managed to raise a significant amount of startup funding to help drive it forward. In total, since being founded five years ago, the company has managed to raise 4.5 Million Euros in startupfunding.
18. Swogo
Year Founded: 2012
HQ: Lisbon, Portugal
Size: 51200
Founder(s): Andre Rego, Anthony Ng Monica, Dimitar Kazakov, Ivor Stankov, LucyFoster
Swogo is a retail technology startup that was founded nine years ago and currently has its head office in Lisbon, Portugal. The company itself allows retailers to create tailored bundle deals which can be shared with customers. These attractive deals will help the retailer to increase their sales, which will have a direct effect on their profit margins. This is the value ofSwogo.
To fund the development and growth of the startup as a whole, the company has successfully sought out and received $1.8 Million in startup funding. This was achieved through a mix of angel investors, venture capital firms and equity crowdfunding.
19. Zaask
Year Founded: 2012
HQ: Lisbon, Portugal
Size: 1150
Founder(s): Kiruba Shankar Eswaran, Luis PedroMartins
Zaask is a search and professional services startup that was founded nine years ago and currently has its head office in Lisbon, Portugal. The startup provides a platform where customers can compare between and eventually hire local service providers for various tasks, whether theyre business-related, or personal.
So far, Zaask has managed to convince a quartet of investors to part with their money to further the development of the company. In total, these investors have chosen to part with 2.1 Million Euros. One of these investors includes Portugal Ventures.
20. Didimo
Year Founded: 2016
HQ: Leca Del Palmeira, Portugal
Size: 1150
Founder(s): Veronica CostaOrvalho
Didimo is a 3D technology startup that was founded in 2016 and is currently based in Leca Del Palmeira, Portugal. The company provides solutions to automate and speed up the process of creating people digitally. The inputs to create these digital people do not need to be advanced, with a simple 2D photograph being enough to generate 3D character models.
So far, Didimo has managed to catch the eye of a number of investors, with twelve having funded the further growth and development of the Portuguese startup. To date, the investors have put a collective $8.8 Million into Didimo in its five years of operations.
21. Barkyn
Year Founded: 2017
HQ: Matosinhos, Porto, Portugal
Size: 1150
Founder(s): AndreJordao
Barkyn is an e-commerce startup for pets that was founded in 2017 and is currently based in Matosinhos, Porto, Portugal. The company provides an all-in-one subscription solution for pets. This includes a range of dietary, sanitary and other animal health products which a pet mayneed.
Barkyn has managed to receive a large amount of startup funding from investors, despite only being four years old. The company has managed to raise a total of $12.4 Million from a group of seven investors.
Originally published at https://startupstash.com.
Top Portuguese Startups That Bloomed in 2021 was originally published in Startup Stash on Medium, where people are continuing the conversation by highlighting and responding to this story.
