FundedIQ holds 132 funded startups in Portugal and keeps their funding rounds, amounts, investors, industries, locations and company details up to date. This page provides an overview of the startup funding landscape in Portugal, along with the 100 most recently funded startups in the country.
The median disclosed round is $3.0M, with the middle half of rounds falling between $488K and $6.8M. Artificial Intelligence, Information Technology and Apps hold the most companies by sector. Lisbon and Porto hold the deepest concentrations of funded startups in the country. Startups in Portugal closed 55 funding rounds over the last 24 months, 28 of them in the last 12 months, and raised $972M in disclosed capital.
Lisbon dominates as the primary entry point for capital. Early stage funding defines the region, meaning buyers will encounter lean teams and unproven products. Local venture firms lead the activity, which creates a tight circle of influence. Newcomers should expect a market where relationships with a few key investors dictate access to the best opportunities.
Portugal funded startup statistics
Funded startups in Portugal
132
tracked in the database
Funding rounds, last 12 months
28
55 over 24 months
Disclosed capital raised, 24 months
$972M
40 of 55 rounds disclosed an amount
Median round size
$3.0M
middle half $488K to $6.8M
Most recent funding round on record: Oct 2026.
Investors appearing most often across Portugal funding rounds: Iberis Capital, Armilar Venture Partners, OW Ventures, Start Ventures.
100 most recently funded startups in Portugal
100 of 132
Ordered by the date of the latest funding round. Each row gives the company, its
location and industry, what it does, the stage and date of that round, and the disclosed
amount.
Company
What they do
Latest round
Amount
F
FRANK
Lisbon, Portugal · Artificial Intelligence (AI), Machine Learning
FRANK is an AI-driven administrative automation operator designed for insurance brokerages.
Startups in Portugal closed 55 funding rounds over the last 24 months, 28 of them in the last 12, adding up to $972M in disclosed capital.
Round sizes
The median disclosed round is $3.0M, with the middle half running from $488K to $6.8M. 40 of 55 rounds disclosed an amount.
Sectors
Artificial Intelligence, Information Technology and Apps hold the most companies, led by Artificial Intelligence at 20. The most common headcount band across the segment is 11-50.
Investors
Iberis Capital, Armilar Venture Partners and OW Ventures appear most often across funded startups in Portugal on record.
Industries with the most funded startups in Portugal
Sector counts across all 132 tracked companies in Portugal. A company assigned more than one industry is counted in each.
The investors named most often across funded startups in Portugal.
Investor
Companies backed
Iberis Capital
3
Armilar Venture Partners
2
OW Ventures
2
Start Ventures
2
Counts companies in this segment that name the firm as a backer. Investor names entered the pipeline in July 2026, so they cover the companies funded since.
Funding stages in Portugal
How the last 24 months of funding rounds for funded startups in Portugal break down by stage.
A further 17 rounds in this period were announced without a stage label and are not ranked above.
About the FundedIQ Portugal startup funding data
FundedIQ tracks announced startup funding rounds and organises them by company, funding
date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and
new rounds are normalised and de-duplicated before they are published, so the same round
reported twice on different dates is recorded once.
Figures on this page cover the 132 funded startups in Portugal currently tracked.
Round counts, capital totals and the median round are computed over a trailing 24 months.
Rounds whose amount was not disclosed (15 of 55 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded startups in Portugal is dated Oct 2026.
The table above shows the 100 most recently funded companies. Full funding histories,
investor lists and founder contacts across the whole dataset open on a FundedIQ plan.
Frequently asked questions
How many funded startups are there in Portugal?
FundedIQ tracks 132 funded startups in Portugal. This page lists the 100 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.
How much funding have startups in Portugal raised?
Startups in Portugal tracked by FundedIQ have raised $972M in disclosed capital across 55 funding rounds over the last 24 months, including 28 rounds in the last 12 months. 40 of those 55 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What industries have the most funded startups in Portugal?
Artificial Intelligence has the most, with 20 companies, followed by Information Technology (11), Apps (10) and Commerce and Shopping (10). Sector counts include every company assigned that industry, and a company can carry more than one.
Which cities have the most funded startups in Portugal?
Lisbon leads with 68 companies, then Porto (16), Coimbra (8) and Braga (6).
Which investors back the most startups in Portugal?
Iberis Capital, Armilar Venture Partners, OW Ventures and Start Ventures appear most often across funded startups in Portugal in the FundedIQ dataset. The count is the number of tracked companies naming each firm as a backer, so it reflects the companies on record rather than every deal a firm has ever done.
What is a typical funding round size for startups in Portugal?
The median disclosed round over the last 24 months is $3.0M, and the middle half of rounds fall between $488K and $6.8M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
What is the most common funding stage for startups in Portugal?
Seed is the most common labelled stage, with 15 rounds in the last 24 months, ahead of Pre-Seed (9) and Series A (8). A further 17 rounds were announced without a stage label and are not counted here.
How often is the Portugal startup funding data updated?
The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded startups in Portugal is dated Oct 2026. Counts and totals on this page are recomputed on every refresh.
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