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Lisbon

Metro area · Portugal · Pop. 2.9M

A public taster of the full Lisbon ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

286 Pool of Funded Startups
New Startups
192 Annual Startups FoundedAll new ventures
46 Annual Startups FundedReceived investment
get funded 24%
255Startups
126 Pre-Seed Startups$100K–1M
82 Seed Startups$1–4M
Pre-Seed to Seed 25%
47 Series A Startups$4–15M
Seed to Series A 24%
27Breakouts
19 Series B Breakouts$15–40M
8 Series C Breakouts$40–100M
4Scaleups
1 Mega Scaleups$100–250M
reach Mega 0.35%
3 Mega+ Scaleups$250M+
reach Mega+ 1.0%
4Valuation Outcomes
3 Unicorns($1–10B valuation)
reach Unicorn 1.0%
1 Decacorns($10–100B valuation)
reach Decacorn 0.35%
Pre-Seed
126
Seed
82
Series A
47
Series B
19
Series C
8
Unicorn
3
Decacorn
1

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Largest rounds

Largest funding rounds in Lisbon

A live treemap of the largest VC rounds. Each cell is one round into Lisbon-headquartered companies, grouped by Dealroom sector.

Largest rounds in Lisbon - 2026

Every $15M+ VC round into Lisbon-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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VC investment

How much venture capital flows into Lisbon

VC investment into Lisbon-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Lisbon's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Lisbon.

University-linked startup formation
174
University spinouts
664
Total alumni-founded companies
530
Of which startups (<$15M raised)
103
Breakouts ($15M-100M)
31
Scaleups ($100M+)

Location comparison

How Lisbon stacks up

Compare Lisbon with peers from the same country (Portugal) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

Zurich
$67.8B
Ghent
$65.8B
South East England
$61.6B
Helsinki
$59.8B
Oslo
$51.2B
Basel
$44.6B
Tallinn
$42.5B
Edinburgh
$41.5B
Lisbon
$24.5B

Combined enterprise value of each ecosystem.

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Lisbon dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Lisbon's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Lisbon's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Lisbon's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Lisbon's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Lisbon
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Lisbon
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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More data

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Country Portugal Europe · Pop. 10.7M · #34 startup ecosystem by EV Region Europe Continent / region · #7 region by EV

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