Portugal startup funding
European tech funding profile
266 startups in Portugal have closed 354 funding rounds and raised €3.4B in equity funding (excluding debt and grants) and recorded 42 exits. Debt rounds added €576M. Software is the most active sector, and Portugal Ventures is the most active investor. Data as of 4 Nov 2026.
#20 in Europe by equity raised — 0.6% of all European startup equity funding.
Equity funding
€3.4B
excl. debt & grants · +€576M debt
Funding rounds
354
Companies
266
Named investors
543
Exits
42
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsPortugal — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2011 | €115k | 2 |
| 2012 | €2.4M | 6 |
| 2013 | €4.9M | 7 |
| 2014 | €9.0M | 9 |
| 2015 | €27M | 22 |
| 2016 | €43M | 27 |
| 2017 | €8.6M | 3 |
| 2018 | €310M | 17 |
| 2019 | €129M | 19 |
| 2020 | €65M | 13 |
| 2021 | €395M | 29 |
| 2022 | €377M | 26 |
| 2023 | €212M | 53 |
| 2024 | €676M | 48 |
| 2025 | €473M | 37 |
| 2026 | €639M | 25 |
AI analysis mentioning Portugal
AI-generated · figures verified · not investment adviceGeography90 days to 2026-10-15
Portugal's funding rises nearly ninefold off a small base
Portugal's 90-day funding rose from €62M to €543M, an 8.8x increase, on a near-flat deal count of 8 to 9, indicating a low-base swing concentrated in few rounds.
PortugalRead full →
Pulse
TEKEVER secures €508M Series D+
Portuguese company TEKEVER closed a €508M Series D+ round on 23 September 2026, the largest single round in the 7-day window and the only deal recorded for the Robotics sector in that period. It also …
TEKEVERPortugalRoboticsRead full →
Top performing sectors
by € raised| Energy | €932M | |
| Software | €653M | |
| Robotics | €605M | |
| Transportation | €471M | |
| Healthtech | €279M | |
| Proptech | €161M |
Fastest growing sectors
2025 vs 2024 by € raised| Wellness & Beauty | ▲ +140.0% |
| E-commerce | ▲ +75.0% |
| Healthtech | ▲ +32.1% |
| Energy | ▲ +25.2% |
| Marketing | ▼ -7.3% |
| Software | ▼ -17.4% |
Top sectors
by deal countPortugal — top sectors — interactive chart.
Data table
| Portugal — top sectors | |
|---|---|
| Software | 94 |
| Healthtech | 29 |
| Transportation | 23 |
| Fintech | 22 |
| Media | 18 |
| Proptech | 17 |
| Cleantech | 16 |
| AI | 15 |
| Hardware | 14 |
| Consumer | 12 |
Stage mix
by € raisedPortugal — stage mix — interactive chart.
Data table
| Portugal — stage mix | |
|---|---|
| Other | €1.6B |
| Series D+ | €701M |
| Debt | €576M |
| Series A | €386M |
| Seed | €192M |
| Series B | €171M |
| Growth/Late | €157M |
| Series C | €125M |
| Pre-Seed | €9.6M |
| Early VC | €9.5M |
| Grant | €3.6M |
Top deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| TagEnergy | Debt | Jun 2023 | €570M |
| TEKEVER | Series D+ | Sep 2026 | €508M |
| OutSystems | Other | Feb 2018 | €289M |
| Powerdot | Other | Aug 2024 | €165M |
| Greenvolt | Growth/Late | Aug 2025 | €150M |
| Power Dot | Other | May 2022 | €150M |
| Sword Health | Series D+ | Nov 2021 | €145M |
| Greenvolt | Other | Dec 2024 | €125M |
| casafari | Series A | Jul 2021 | €101M |
| Powerdot | Other | Feb 2024 | €100M |
Top investors
named, by deal count| Portugal Ventures | 42 |
| Indico Capital Partners | 32 |
| Lince Capital | 28 |
| Iberis Capital | 23 |
| Shilling VC | 20 |
| Armilar Venture Partners | 15 |
| Caixa Capital | 15 |
| Caixa Capital (Portugal) | 14 |
| GED Ventures Portugal | 11 |
| Faber | 11 |
Top cities
by € raised| Lisbon | €2.8B | 185 | |
| Porto | €482M | 71 | |
| Torres Vedras | €123M | 6 | |
| Coimbra | €38M | 10 | |
| Braga | €31M | 14 | |
| Aveiro | €27M | 5 | |
| Porto Salvo | €21M | 3 | |
| Mira | €20M | 2 |