Top Startups / February 24, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Portuguese Startups To Watch in 2022

The number of top Portuguese startups is growing with the country launching a new multi-million dollar startup programme. Portugal is a location that is famous for its tourist attractions and the quality of its football players, but the startup ecosystem in the country is also rapidly growing, producing numerous top startups. The country is consistently ranked within the top fifty ecosystems in the world and investment has grown.


1. Detech.ai

Year Founded: 2021

HQ: Almada, Lisboa, Portugal

Size: 1-10

Founders: José Velez, Tiago Marques

Detech.ai is a start-up in the artificial intelligence industry. It is a Portuguese startup that provides a platform to transform monitoring data into information to help plan a business' next steps. Detech.ai's aim is to make site reliability engineering practises useful for businesses of all sizes, which will then follow through for improved customer experience.

The company was founded in 2021 by José Velez and Tiago Marques. It has around one to ten employees at the moment with a headquarters based in Almada, Lisboa, Portugal. This start-up has made an impressive $400K in just one funding round in March 2021 which attracted four investors.

2. UshowMe

Year Founded: 2021

HQ: Leiria, Portugal

Size: 1-10

Founders: Hugo Castro, Luis Ferreira, Sisnando Felipe

UshowMe is a Portuguese startup in the entertainment industry. The platform provides users with access to digital entertainment and music streaming on demand. UshowMe helps both artists and producers to boost their reach by enabling live shows to be experienced as a hybrid experience with online access. The company is switching up the entertainment industry by making music more interactive.

The Portuguese entertainment startup was founded in 2021 by Hugo Castro, Luis Ferreira and Sisnando Felipe. Currently, the company has between one and ten employees and has headquarters based in Leiria, Portugal. So far, the start-up has had one funding round in June 2021 which raised €100K.

3. GoWithFlow

Year Founded: 2019

HQ: Leça Da Palmeira, Porto, Portugal

Size: 51-100

Founders: André Dias, Jane Hoffer

GoWithFlow, also known as Flow, is another technology startup from Portugal. The company works within the app, information technology and software industries. GoWithFlow is using technology to help businesses and cities be more sustainable with their mobility footprint. The software monitors a company's use of vehicles, scooters and charging stations which then means the company can understand how to plan and manage the mobility services they supply.

Founded in 2019 by André Dias and Jane Hoffer, the company has since grown to employ between fifty-one and one hundred people. The headquarters are in Leça Da Palmeira, Porto, Portugal. In just three funding rounds the start-up has gained $5.5M.

4. Bloq.it

Year Founded: 2019

HQ: Lisbon, Lisboa, Portugal

Size: 11-50

Founders: João Lopes, Miha Jagodic, Ricardo Carvalho

Bloq.it is a software startup from Portugal. The company makes smart lockers to keep things safe and reduce company costs. They test their smart lockers in the toughest of conditions so they are ready to face whatever weather at the company's location. Bloq.it has very high user ratings and also claim that their state of the art lockers can be installed in under half an hour. The start-up offers both indoor and outdoor versions that provide brilliant security with multiple features including an alarm system, sensors and surveillance.

Since it was founded in 2019, the team has grown from the founders João Lopes, Miha Jagodic and Ricardo Carvalho, to an employee size between eleven and fifty people and its headquarters are in Lisbon, Lisboa, Portugal. Since the launch, €200K in total funding has been raised.

5. GORODATA

Year Founded: 2020

HQ: Cascais, Lisboa, Portugal

Size: 1-10

Founders: Elizabeth Cruz

Another one of the top Portuguese startups that works within both the artificial intelligence and software industries is GORODATA. The company runs a cloud-based platform powered by artificial intelligence that sorts through data to find relevant information to help increase the sales of a company. GORODATA offers customisable buying signals to help businesses know when their services are likely to be needed.

The Portuguese startup was founded in 2020 by Elizabeth Cruz and has its headquarters based in Cascais, Lisboa, Portugal. It is currently made up of between one and ten employees. In April of 2021 the artificial intelligence and software company ran a funding round and raised €475K.

6. Cargofive

Year Founded: 2018

HQ: Lisboa, Portugal

Size: 1-10

Founders: Juan Francisco Garabato, Sebastian Cazajus

Cargofive is an information technology startup based in Portugal. The company has created a platform that allows users to compare freight rates; users can cross-check prices across multiple carriers so they can decide on the best option for them. They claim to provide a digital experience, placing ocean freight rates in one combined space with access to updated information.

Cargofive was founded in 2018 by Juan Francisco Garabato and Sebastian Cazajus and has between one and ten employees. The headquarters are based in the beautiful coastal city Lisboa in Portugal. $170K was raised through two funding rounds, one in 2018 and the other in 2021.

7. WeChangers

Year Founded: 2019

HQ: Porto, Lisboa, Portugal

Size: 1-10

Founders: Bernardo Janson, Duarte Melo Ribeiro, Maria Ferreira da Silva

WeChangers is a Portuguese startup company in the information technology industry. Having a positive social impact is one of the company's main aims; they work to offer a start to finish service helping customers create challenges. The company provides a space for their users to connect and get and offer support. Their platform allows customers to create the whole challenge from start to finish and push the digital challenge to the right audience.

The company was founded in 2019 by Bernardo Janson, Duarte Melo Ribeiro and Maria Ferreira da Silva. Its headquarters are located in Porto, Lisboa, Portugal with an employee size of between one and ten people. In just one funding round in 2020 a very impressive €1M was raised.

8. Growappy

Year Founded: 2018

HQ: Cascais, Lisboa, Portugal

Size: 1-10

Founders: Celmira Macedo

Growappy is a platform that is bridging the gap between teachers and parents when it comes to young children and their education. The Portuguese startup has created a platform that provides its users with the tools to make teaching easier and more accessible. They offer tools such as a digital child's diary, automated reporting and shared achievements, all of which can be accessed via the mobile app. Early education is a vital part of growing up and the way it is carried out can impact our development, so Growappy schools and families can make the experience much smoother.

The education technology start-up was founded in 2018 by Celmira Macedo and has between one and ten employees. The headquarters are located in Cascais, Lisboa, Portugal.

9. UNI 2ALL

Year Founded: 2019

HQ: Lisbon, Lisboa, Portugal

Size: 1-10

Founders: Diogo Figueiredo Coluna, Gonçalo Figueiredo Coluna

Uni 2All is another one of the top Portuguese startups in the education technology sector. It is another company that focuses on both the teacher and the student. Uni 2All has made a platform that creates digital tools to help aid students and teachers whilst allowing them to make the process personalised. Using artificial intelligence they are aiming to create the best experience meaning distanced learning is not an issue. With their optimised learning environment, they offer interactivity through their intuitive interfaces.

Uni 2All was founded in 2019 by Diogo Figueiredo Coluna and Gonçalo Figueiredo Coluna and currently, the company has between one and ten employees. The start-up has its headquarters based in Lisboa, Portugal.

10. Sensei

Year Founded: 2017

HQ: Lisbon, Lisboa, Portugal

Size: 11-50

Founders: Joana Rafael, Nuno Moutinho, Paulo Carreira, Vasco Portugal

Sensei is a Portuguese start-up company that operates within the analytics industry. The company uses artificial intelligence to move the retail industry into the future. Their aim is to make stores checkout and cash-free so that customers can have a more seamless experience. This is a popular route for artificial intelligence and is gaining traction in the industry. Sensei also uses customer insights to help a business' marketing strategy.

The Lisboa based start-up from Portugal was founded in 2017 by Joana Rafael, Nuno Moutinho, Paulo Carreira and Vasco Portugal. The company currently has between eleven and fifty employees. In four funding rounds between 2018 and 2021, the company has gained €6.1M.

11. Meight

Year Founded: 2018

HQ: Évora, Evora, Portugal

Size: 11-50

Founders: Luis Mendes, Antonio Reis

Meight is a Portuguese start-up in the computer software industry. This start-up was built to work for drivers, making the journey easier. The aim is to use data to help drivers not spend as much and to understand mobility and the way we travel to only make it better. Meight wants to boost profitability whilst having a positive impact on the world.

Since the start-up was founded in 2018, $1.5M has been raised in two funding rounds by seven investors. The first funding round was in May 2019 and the second was in January 2022. The headquarters are based in Évora, Portugal and the company currently operates with between eleven and fifty employees.

12. Tesselo

Year Founded: 2017

HQ: Lisbon, Lisboa, Portugal

Size: 11-50

Founders: Daniel Wiesmann, Marine Utgé-Royo, Michael Flaxman, Rémi Charpentier

Another Portuguese company is Tesselo. Working in the vegetation intelligence industry, they use artificial intelligence to improve our environmental understanding. The start-up's aim is to use artificial intelligence and satellite imagery to tackle climate change. They turn environmental data into actionable intelligence that can be understood and analysed through time. Tesselo is allowing businesses to become more eco-friendly and enables them to make more environmental decisions.

Since being founded in 2017 by Daniel Wiesmann, Marine Utgé-Royo, Michael Flaxman and Rémi Charpentier, the information technology start-up has completed two funding rounds. In that, $476.3K was raised with two investors. The company currently has between eleven and fifty employees and has its headquarters in Lisbon, Lisboa, Portugal.

13. Shimejito

Year Founded: 2018

HQ: Fundão, Castelo Branco, Portugal

Size: 1-10

Founders: Adriel Rodrigues Oliveira

Shimejito is another Portuguese start-up and it operates within the agricultural technology sector and the farming industry. The company has a set of sustainable development goals that they set out clearly to their customers; they want to eradicate hunger whilst making production and consumption more sustainable as well as protecting terrestrial life amongst other things. They work to allow their customers to have their own food produce growing at home and their customers can produce up to twenty-five mushroom species.

The agriculture start-up was founded in 2018 by Adriel Rodrigues Oliveira. Shimejito currently has between one and eleven employees and has its headquarters based in Fundão, Castelo Branco, Portugal. In just one funding round in December of 2020, the company has managed to raise a very impressive amount of €10.5M.

14. Virtuleap

Year Founded: 2018

HQ: Lisbon, Lisboa, Portugal

Size: 11-50

Founders: Amir Bozorgzadeh, Hossein Jalali, Roland Dubois, Thomas Balouet

Virtuleap is a technology start-up from Portugal that focuses on apps, biometrics, big data and health and fitness. The company uses virtual reality to help its customers improve their health and fitness by increasing attention levels. Virtuleap has created several virtual reality games with the help of neuroscientists who designed them, so users can train their cognitive abilities.

The Portuguese start-up was founded in 2018 by Amir Bozorgzadeh, Hossein Jalali, Roland Dubois and Thomas Balouet. Since then, the company has grown to employ between eleven and fifty people and has its headquarters in Lisbon. Virtuleap has completed seven funding rounds and managed to raise $1.1M with nine investors.

15. Visor.AI

Year Founded: 2016

HQ:  Lisbon, Portugal

Size: 11-50

Founders: Bruno Matias, Gianluca Pereyra, Gonçalo Consiglieri

Visor.Ai is a Portugese startup that was founded in 2016 and is currently based in Lisbon, Portugal. The company makes its money through the provision of software that allows for the automation of conversations through the power of AI and chatbots. These systems help businesses to have quicker and better interactions with their customers.

Since being founded, the business has gone through four rounds of startup funding to further growth and development. From these funding rounds, the company has managed to secure the support of four investors. The cumulative result of this was that the company raised $127,200 in funding.

16. Criam

Year Founded: 2016

HQ: Braga, Portugal

Size: 1-10

Founders: Ana Ferraz, Filipe Quinaz, Vitor Crespo

Criam is a startup from Portugal that was founded in 2016 and is currently based in Braga, Portugal. The company is a medical technology startup that develops and launches technology to assist with the diagnosis of a patient's blood type and diseases. This improves the rate at which disease is detected and helps to promote rapid treatment.

Since being founded, the company has gone through seven rounds of startup funding to help it with growth and development. From these funding rounds, the business has secured the support of seven investors. This has allowed Criam to raise a figure of $2.1 Million in funding.

17. Probely

Year Founded: 2016

HQ: Lisbon, Portugal

Size: 11-50

Founders: Nuno Loureiro, Tiago Mendo

Probely is a Portuguese startup that was founded in 2016 and is currently based in Lisbon, Portugal. The company operates in the cybersecurity market and automates website vulnerability scanning and is specifically targeted to companies that build and market online services to their customers.

Since it was founded, Probely has gone through four rounds of startup funding and has secured the support of six investors through these funding rounds. The end result of these investments was that the company has managed to raise $1.3 Million.

18. UpHill

Year Founded: 2015

HQ: Lisbon, Portugal

Size: 11-50

Founders: Duarte Sequeira, Eduardo Freire Rodrigues, Luís Patrão

UpHill is a startup in Portugal that was founded in 2015 and is currently based in Lisbon, Portugal. The company makes its money through the provision of a platform that allows healthcare professionals to improve care outcomes by applying expert knowledge to the stepwise clinical pathways.

Since it was founded, the business has gone through three rounds of funding, with a sole investor being involved in these funding rounds. As it stands, these investments have allowed the company to raise 4.2 Million Euros in funding.

19. Flykt

Year Founded: 2015

HQ: Porto, Portugal

Size: 1-10

Founders: Hélder Pereira, Pedro R. Almeida, Ricardo Camarinha

Flykt is a Portuguese startup that was founded in 2015 and is currently based in Porto, Portugal. The company is behind the development of a travel-related search engine, the search engine allows travel companies to get more exposure and also helps them to better connect with their customers in a personal way, improving their offers.

The business has gone through three angel rounds of funding since it was launched and the end result of these rounds was that the company managed to raise 323,000 Euros.

20. Producte

Year Founded: 2021

HQ: Lagoa, Portugal

Size: 1-10

Founders: Joaquim Costa

Producte is a startup in Portugal that was founded in 2021 and is currently based in Lagoa, Portugal. The company has developed an app that allows users to get easy and convenient access to their product metrics through a simple dashboard.

Since the company was founded, it has already gone through a single funding round, which allowed it to raise a figure of 190,000 Euros.

21. Talent Protocol

Year Founded: 2021

HQ: Lisbon, Portugal

Size: 11-50

Founders: Pedro Carmo Oliveira

Talent Protocol is a Portuguese startup that was founded in 2021 and is currently based in Lisbon, Portugal. The company provides a decentralized platform whereby talent can create their own personal tokens and they can then be sponsored by angel investors by investing in their career and becoming a part of their journey.

The business has gone through a single seed round of funding since it was founded and this has allowed for the raising of 1.5 Million Euros, with the assistance of three investors.


FAQs

How Many Startups Are There In Portugal?

Total figures for how many startups there are in Portugal are hard to find, however, Lisbon alone is home to more than 7000 startups.

What is The Average Investment in Portugal?

It has been noted that Portuguese scale-ups are raising an average of $4.2 Million each.

What Are The Strongest Industries in Portugal?

Some of the key industries in Portugal include tourism, IT, agriculture, and more.

Top Portuguese Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

🚀 Stay ahead of the game

Subscribe to our weekly stash newsletter to receive the best resources, products and discounts!