Recently Funded Startups in Portugal (Nov-2025)
Last Updated: 21-Nov-2025
Portugal’s startup ecosystem continues to flourish, showcasing its potential as a vibrant hub for innovation and entrepreneurship. With a total of 109 startups currently tracked, the country is making significant strides in securing funding, which is vital for driving growth, innovation, and competitiveness in the global market. The rise in funding activity reflects not only the entrepreneurial spirit within Portugal but also the increasing interest from investors keen on tapping into the region’s unique market opportunities.
In 2025, Portugal has seen a dynamic increase in startup funding, with 19 startups successfully raising a total of approximately $146.29 million year-to-date. Key industries leading this trend include Financial Services, Community and Lifestyle, and Sports, demonstrating a diverse range of entrepreneurial activity. The significant funding rounds, including the largest deal involving Ethena, underscore the potential for substantial returns on investment in Portugal’s startup landscape.
Funding Highlights
- Total number of startups tracked: 109
- Number of startups that raised funding last year: 32
- Number of startups that raised funding this year: 19
- Total funding raised this year so far: $146.29 million
- Largest deal: Ethena, Series Unknown, $36 million
- Top industries by funding amount:
- 1. Financial Services: $56 million
- 2. Community and Lifestyle: $31 million
- 3. Sports: $13 million
- Top industries by number of deals this year:
- 1. Apps: 3 deals
- 2. Financial Services: 2 deals
- 3. Administrative Services: 1 deal
Full List of Recently Funded Startups in Portugal
| Company | City | Country | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| ROOTKey | Lisbon | Portugal | Seed | unknown | 2025-11-19 | Cyber Security, Blockchain, B2B Software |
| Curiouz | Vila Nova De Gaia | Portugal | Seed | unknown | 2025-10-12 | Consumer Goods, E-commerce |
| Ethena | Lisbon | Portugal | Initial Coin Offering | $20,000,000 | 2025-09-24 | Financial Services |
| Emotion Mobility | Oeiras | Portugal | Private Equity | unknown | 2025-09-18 | Cloud Computing, Transportation |
| Mondego Bio | Cantanhede | Portugal | Series A | unknown | 2025-09-18 | Biotechnology, Pharmaceuticals |
| Nutrium | Braga | Portugal | Series A | $12,000,000 | 2025-09-17 | Nutrition and Supplements, Healthcare |
| Musiversal | Lisbon | Portugal | Series A | $6,000,000 | 2025-09-11 | Commerce and Shopping |
| Vita325 | Lisbon | Portugal | Series Unknown | $50K | 2025-08-19 | Apps |
| Glartek | Leiria | Portugal | Series Unknown | $2.4M | 2025-07-03 | Administrative Services |
| BM2Solar | Lisbon | Portugal | Series A | $2.4M | 2025-07-03 | Energy |
| Equivalence | Lisboa | Portugal | Series Unknown | $138.8K | 2025-06-17 | Internet Services |
| DOJO AI | Lisbon | Portugal | Pre-Seed | $1M | 2025-06-03 | Artificial Intelligence (AI) |
| Litehaus | Lisbon | Portugal | Pre-Seed | $1.7M | 2025-05-21 | Manufacturing |
| Indie Campers | Póvoa De Santa Iria | Portugal | Series Unknown | $31M | 2025-05-20 | Community and Lifestyle |
| OSCAR | Lisbon | Portugal | Seed | $6.8M | 2025-05-02 | Apps |
| Automaise | Braga | Portugal | Series A | $5.4M | 2025-03-24 | Information Technology |
| Ethena | Lisbon | Portugal | Series Unknown | $36M | 2025-03-12 | Financial Services |
| 8000Kicks | Lisbon | Portugal | Series Unknown | $104.1K | 2025-02-20 | Clothing and Apparel |
| LoopOS | Coimbra | Portugal | Seed | $3.1M | 2025-02-17 | Software |
| Jscrambler | Porto | Portugal | Series Unknown | $5.2M | 2025-02-12 | Apps |
| ScorePlay | Lisbon | Portugal | Series A | $13M | 2025-02-11 | Sports |
| MedFacts | Lisbon | Portugal | Pre-Seed | $50K | 2024-12-19 | Artificial Intelligence (AI) |
| CASAFARI | Lisbon | Portugal | Series Unknown | $5.2M | 2024-11-27 | Data and Analytics |
| 2qlicks | Évora | Portugal | Series Unknown | Undisclosed | 2024-11-12 | Sales and Marketing |
| Hoopers | Lisboa | Portugal | Seed | $2.3M | 2024-11-08 | Community and Lifestyle |
| pleez | Lisboa | Portugal | Series Unknown | $3M | 2024-11-06 | Apps |
| DOJO AI | Lisbon | Portugal | Angel | $1M | 2024-11-01 | Artificial Intelligence (AI) |
| Sensei | Lisbon | Portugal | Series A | $16M | 2024-10-22 | Artificial Intelligence (AI) |
| Corium Biotech | Porto | Portugal | Pre-Seed | $547.1K | 2024-10-13 | Biotechnology |
| PluggableAI | Braga | Portugal | Seed | $1.9M | 2024-09-17 | Artificial Intelligence (AI) |
| Beam | Lisbon | Portugal | Series B | Undisclosed | 2024-07-31 | Commerce and Shopping |
| Oceano Fresco | Mira | Portugal | Series Unknown | $18.4M | 2024-07-25 | Food and Beverage |
| Sqill | Lisboa | Portugal | Seed | $2.2M | 2024-07-22 | Content and Publishing |
| Eneida | Coimbra | Portugal | Series B | $11.4M | 2024-07-05 | Artificial Intelligence (AI) |
| STAGE | Lisbon | Portugal | Seed | $2.4M | 2024-06-14 | Information Technology |
| OSCAR | Lisbon | Portugal | Series Unknown | $6.5M | 2024-05-29 | Apps |
| Unlockit | Lisboa | Portugal | Pre-Seed | $1.5M | 2024-05-23 | Real Estate |
| Checkfirst | Lisboa | Portugal | Pre-Seed | $1.5M | 2024-05-08 | Commerce and Shopping |
| Musiversal | Lisbon | Portugal | Series Unknown | $1.3M | 2024-05-01 | Commerce and Shopping |
| Tonic App | Porto | Portugal | $11.8M | 2024-03-26 | Data and Analytics | |
| Cargofive | Lisboa | Portugal | $2.7M | 2024-03-26 | Information Technology | |
| Vawlt | Lisbon | Portugal | $2.4M | 2024-03-12 | Internet Services | |
| Zeoos | Lisboa | Portugal | $1.1M | 2024-03-05 | Commerce and Shopping | |
| Ubirider | Porto | Portugal | $2M | 2024-03-04 | Information Technology | |
| sheerME | Paço De Arcos | Portugal | $2.8M | 2024-03-01 | Commerce and Shopping | |
| Connected | Coimbra | Portugal | Pre-Seed | $2.2M | 2024-02-20 | Science and Engineering |
| Ethena | Lisbon | Portugal | Seed | $14M | 2024-02-16 | Financial Services |
| ETHIACK | Coimbra | Portugal | Series Unknown | Undisclosed | 2024-02-15 | Information Technology |
| WEEZIE | Porto | Portugal | Seed | $3.2M | 2024-02-06 | Administrative Services |
| Enline | Mirandela | Portugal | Seed | $3.8M | 2024-01-17 | Energy |
| Primetag | Aveiro | Portugal | Series Unknown | $3.8M | 2024-01-11 | Advertising |
| QUADRANTE | Boavista | Portugal | Series Unknown | Undisclosed | 2024-01-10 | Real Estate |
| Full Venue | Porto | Portugal | Seed | $2.2M | 2024-01-09 | Artificial Intelligence (AI) |
| BIZAY | Torres Vedras | Portugal | Series C | $19.8M | 2023-12-22 | Commerce and Shopping |
| Hope Care | Óbidos | Portugal | Series Unknown | Undisclosed | 2023-11-22 | Health Care |
| LUGGit | Ílhavo | Portugal | Seed | $2M | 2023-11-21 | Internet Services |
| BHOUT | Lisboa | Portugal | Seed | $10.7M | 2023-11-09 | Health Care |
| Aptoide | Lisboa | Portugal | Series Unknown | $9.1M | 2023-11-09 | Apps |
| The Next | Lisbon | Portugal | Pre-Seed | Undisclosed | 2023-11-01 | Financial Services |
| Nortech AI | Lisbon | Portugal | Seed | $2.6M | 2023-10-23 | Information Technology |
| AlphaGuilty | Lisbon | Portugal | Pre-Seed | $300K | 2023-10-01 | Advertising |
| GAM3S.GG | Lisbon | Portugal | Seed | $2M | 2023-09-07 | Apps |
| Finerge | Matosinhos | Portugal | Series Unknown | Undisclosed | 2023-08-04 | Energy |
| ScorePlay | Lisbon | Portugal | Seed | $5M | 2023-07-25 | Sports |
| MyCareforce | Lisbon | Portugal | Seed | $1.3M | 2023-07-24 | Administrative Services |
| Ethena | Lisbon | Portugal | Seed | $6M | 2023-07-17 | Financial Services |
| Beam | Lisbon | Portugal | Series B | $27M | 2023-07-01 | Commerce and Shopping |
| HiJiffy | Lisbon | Portugal | Series Unknown | $2.7M | 2023-06-21 | Travel and Tourism |
| Cargofive | Lisboa | Portugal | Seed | $1.9M | 2023-06-06 | Information Technology |
| noytrall | Coimbra | Portugal | Series Unknown | Undisclosed | 2023-06-01 | Software |
| Akurateco | Santarém | Portugal | Seed | $300K | 2023-06-01 | Financial Services |
| Explor | Bragança | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Travel and Tourism |
| R3chain | Lisbon | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Environmental Quality Programs |
| Bighub | Lisboa | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Commerce and Shopping |
| Livuvo | Lisboa | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Commerce and Shopping |
| Hollow | Porto | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Education |
| Wonk | Lisbon | Portugal | Series Unknown | Undisclosed | 2023-05-09 | Advertising |
| Musiversal | Lisbon | Portugal | Seed | $1.9M | 2023-05-01 | Commerce and Shopping |
| Reviewpad | Porto | Portugal | Pre-Seed | $1.1M | 2023-04-27 | Software |
| Avenidas | Lisboa | Portugal | Series Unknown | $109.2K | 2023-04-11 | Transportation |
| AssetFloow | Lisbon | Portugal | Series Unknown | $1.6M | 2023-04-06 | Artificial Intelligence (AI) |
Frequently Asked Questions
Q1. Where can I find recently funded startups in Portugal?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups in Portugal were funded this year and last year?
19 startups raised funding in Portugal this year and 32 did so last year; we track 109 startups in Portugal in total.
Q3. Which industries are trending for funding in Portugal right now?
By funding amount the leaders are Financial Services ($56M), Community and Lifestyle ($31M), and Sports ($13M); by deal count the top categories are Apps (3 deals), Financial Services (2 deals), and Administrative Services (1 deal).
Q4. What is the total funding and largest deal among recently funded startups in Portugal this year?
Total funding raised in Portugal so far this year is $146.2929M and the largest disclosed deal is Ethena at $36M.
Q5. How can I connect with these startups in Portugal?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
