In recent years, Portugal has been emerging as an attractive startup ecosystem in the European tech scene.

Portugal is home to over 1250 funded startups which raised nearly $1B in VC funding the most recent full year of 2022.

Portugal has also been the birthplace of household name unicorns such as OutSystems, Talkdesk amongst others.

Venture Capital

Venture Capital investment in Portugal reached $972M in 2022, its second largest year for investment on record. While this is a 40% drop from the peaks of 2021, it is still 2x larger than 2020.

By stage

Early stage
Access early-stage funding rounds into Portuguese startups here on the platform.

Breakout stage
Access breakout-stage funding rounds into Portuguese startups here on the platform.

Scaleup stage
Access scaleup-stage funding rounds into Portuguese startups here on the platform.

By region

The majority share of VC investment into Portugal is concentrated into two hubs, Lisbon and Porto which account for more than two-thirds of investment over the past decade

By industry

The top three industries for VC investment in Portugal in 2022 were Fintech, Jobs Recruitment, and Energy, which combined account for 60% of total VC investment.

This is driven by selected megarounds into the likes of Anchorage, Remote and Power Dot.

Equally, the venture capital investment landscape in Portugal has shown notable trends and developments across different sub-industries.

Notably, the top sub-industries in terms of total investment raised in 2022 are financial management solutions, energy storage and mobile gaming.



Explore the data for the most active investors into the Portuguese startup ecosystem as well as the most active Portuguese based investors here on the Dealroom platform.

International comparisons

Country benchmarking

Portugal currently ranks within the top 20 countries in terms of VC investment in Europe.

Compare startup ecosystem metrics against its European and global counterparts down below or here on the Dealroom platform.

City benchmarking

Portuguese hubs such as Lisbon and Porto rank within the top 50 largest startup ecosystems for VC investment across Europe.

Compare Portuguese city startup ecosystems against their European and global counterparts here on the Dealroom platform.

Related Content

Reports: Learn more about the Lisbon startup ecosystem in our most recent report here.
Reports: Browse all European & Portuguese startup reports on Dealroom.co
Dealroom Data: Explore all Portuguese startups and scaleups
Dealroom Data: Explore all Portuguese funding rounds