Seed Funded Startups in Portugal
Seed rounds in Portugal shown here span from 2021-07-26 (MyLADS, $9M) to 2025-11-19 (ROOTKey, undisclosed), with the most recent entry in November 2025.
Seed rounds in Portugal shown here span from 2021-07-26 (MyLADS, $9M) to 2025-11-19 (ROOTKey, undisclosed), with the most recent entry in November 2025. Disclosed check sizes are tightly clustered around $2M–$5M (for example, LoopOS at $3M on 2025-02-17 and Hoopers at $2M on 2024-11-08), but Ethena’s $14M seed on 2024-02-16 is the clear size outlier within the disclosed amounts. Two additional large rounds—BHOUT at $11M (2023-11-09) and MyLADS at $9M (2021-07-26)—stand well above the many $1M–$4M rounds.
City and sector patterns also concentrate. Lisbon (including entries labeled “Lisbon, Lisboa, Portugal”) is the dominant location across multiple years, while AI shows up repeatedly (PluggableAI at $2M on 2024-09-17, Full Venue at $2M on 2024-01-09, DocDigitizer at $900K on 2021-09-15, Reckon.ai at $2M on 2021-09-08). Temporally, 2024 is especially dense in the disclosed range: there are multiple $2M rounds between February and November 2024 (Ethena aside), whereas the earliest dates include smaller disclosed amounts such as $300K for Jáchegou on 2022-12-01 and 2022’s $300K for Virtuleap on 2022-04-01. Out of 37 rows, 4 are undisclosed (ROOTKey 2025-11-19, Curiouz 2025-10-12, TRUE Future 2022-08-19, and STAGE? none; STAGE is $2M on 2024-06-14).
Most recent rounds
37 shownRelated listings
Frequently asked
What is the largest disclosed seed round in this Portugal seed list, and how much larger is it than the typical rounds?
Ethena’s $14M seed closed on 2024-02-16. That figure sits well above the many disclosed rounds clustered around $2M–$5M (e.g., Hoopers $2M on 2024-11-08; LoopOS $3M on 2025-02-17), with only a few other high outliers such as BHOUT at $11M (2023-11-09) and MyLADS at $9M (2021-07-26).
Which sector appears most often, and do the repeated entries cluster around similar deal sizes?
AI is the most repeated sector across multiple entries: PluggableAI ($2M, 2024-09-17), Full Venue ($2M, 2024-01-09), DocDigitizer ($900K, 2021-09-15), and Reckon.ai ($2M, 2021-09-08). Most of these are in the $2M range, with DocDigitizer as the lower disclosed datapoint at $900K.
Are there meaningful city or geographic concentrations among these seed rounds?
Lisbon dominates the location field across the list, spanning different years (for example, OSCAR in Lisbon with $7M on 2025-05-02, Ethena in Lisbon at $14M on 2024-02-16, and Reckon.ai in Lisboa on 2021-09-08). Non-Lisbon cities like Porto/Oporto and Braga also appear (e.g., Fibersail in Oporto at $5M on 2022-04-06; PluggableAI in Braga at $2M on 2024-09-17), but not at the same frequency.
What do the most recent 90 days of dated rounds look like by disclosed amount?
Within the most recent 90 days ending at the November 2025 top date, the disclosed amounts shown include OSCAR at $7M (2025-05-02) and LoopOS at $3M (2025-02-17), alongside earlier entries in 2024 with $2M–$3M checks (e.g., Hoopers $2M on 2024-11-08; WEEZIE $3M on 2024-02-06). Two of the newest entries are undisclosed (ROOTKey on 2025-11-19 and Curiouz on 2025-10-12), limiting direct amount comparisons at the very top of the list.
Are there notable low-end outliers among disclosed seed amounts?
Yes: the smallest disclosed amounts are $50K for Jáchegou on 2022-12-01 and $300K for Akurateco on 2023-06-01 and Virtuleap on 2022-04-01. These are far below the common $1M–$5M band seen across multiple entries (e.g., MyCareforce $1M on 2023-07-24; Enline $4M on 2024-01-17; Delox $790K on 2022-05-18).
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