Portugal startup funding in 2026
European tech funding raised by Portugal startups during 2026.
In 2026, 24 startups in Portugal closed 24 funding rounds and raised €638M in equity funding (excluding debt and grants). Software was the most active sector, and Armilar Venture Partners was the most active investor. Data as of 28 Oct 2026.
Equity funding
€638M
excl. debt & grants
Funding rounds
24
Companies
24
Top sector
Software
Portugal: last three years
2026 is to date; no change shown against a full yearRank in Europe
#13
0.8% of European funding
Top-10 round share
98.0%
of disclosed capital
Rounds ≥ €100M
1
Funding by month
€ raised vs rounds, by monthPortugal — funding by month, 2026 — interactive chart.
Data table
| Funding | Rounds | |
|---|---|---|
| Mar | €3.6M | 1 |
| Apr | €5.6M | 3 |
| May | €6.8M | 5 |
| Jun | €0 | 2 |
| Jul | €50M | 2 |
| Aug | €16M | 2 |
| Sep | €524M | 6 |
| Oct | €32M | 3 |
Top sectors
by € raisedPortugal — top sectors by capital, 2026 — interactive chart.
Data table
| Portugal — top sectors by capital, 2026 | |
|---|---|
| Robotics | €508M |
| E-commerce | €48M |
| Cybersecurity | €28M |
| Defence | €28M |
| Space | €16M |
| Software | €14M |
| Healthtech | €8.6M |
| AI | €7.1M |
Stage mix
by € raisedPortugal — stage mix, 2026 — interactive chart.
Data table
| Portugal — stage mix, 2026 | |
|---|---|
| Series D+ | €556M |
| Other | €56M |
| Seed | €19M |
| Series A | €6.0M |
| Pre-Seed | €350k |
Exits & M&A
3 Acquisition3 exits.
Largest equity rounds
by disclosed amount, 2026Top investors
most active in 2026, by deal count- Armilar Venture Partners4 deals
- Lince Capital3 deals
- Start Ventures3 deals
- Banco Português de Fomento (BPF)2 deals
- Indico Capital Partners2 deals
- Angels Way2 deals
- Iberis Capital2 deals
- Buenavista Equity Partners1 deals
- Bynd VC1 deals
- Caixa Capital1 deals
Source: Tech.eu Funding Explorer · data as of 28 Oct 2026 · licence CC BY 4.0 · Methodology