Top 100 Portugal Startups to Watch in 2026
Portugal's startup ecosystem features a diverse range of companies, from new ventures to established industry names. These businesses operate in key sectors including aerospace, finance, and artificial intelligence.
Leading the pack in funding is aerospace firm TEKEVER, which has raised over $630 million. Other major players include the AI fraud detection company Feedzai, with more than $352 million in total funding.
Below is our list of 100 Portugal startups worth keeping an eye on.
Failory's Top 10 Picks
Feedzai develops an AI-powered platform that gives banks and fintechs a single, comprehensive view of financial risk. The technology works in real-time to detect and prevent fraud and money laundering, securing transactions for both businesses and their customers.
| Headquarters | Coimbra, Coimbra, Portugal |
| Year Founded | 2009 |
| Founders | Antonio Acosta, Nuno Sebastiao, Paulo Marques, Pedro Bizarro |
| Funding Amount | $352.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Sapphire Ventures, Oak HC/FT, Lince Capital, Buenavista Equity Partners, DCVC |
Ethena developed a synthetic dollar protocol on Ethereum that provides a crypto-native alternative to traditional financial systems. Their core product, USDe, is a scalable form of digital money designed to operate independently from legacy banking infrastructure.
| Headquarters | Lisbon, Lisboa, Portugal |
| Year Founded | 2023 |
| Founders | Guy Young |
| Funding Amount | $176.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Initial Coin Offering |
| Top Investors | M2 Capital, Gemini, Franklin Templeton, YZi Labs, Pantera Capital |
xMoney offers a payment platform that enables businesses to securely accept and process cryptocurrency. The platform is designed to build consumer trust by providing both secure transactions and purchase protection.
| Headquarters | Braga, Braga, Portugal |
| Year Founded | 2017 |
| Founders | Greg Siourounis, Sanja Kon |
| Funding Amount | $21.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Undisclosed |
| Top Investors | Sui Foundation, MultiversX |
TEKEVER develops unmanned aerial systems and software for the aerospace, defense, and security markets. Their platforms provide real-time intelligence and surveillance capabilities for maritime and land-based operations.
| Headquarters | Lisboa, Lisboa, Portugal |
| Year Founded | 2001 |
| Founders | Nuno Cunha, Pedro Sinogas, Victor Cristina |
| Funding Amount | $630.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Baillie Gifford, NATO Innovation Fund, Crescent Cove Advisors, Iberis Capital, Ventura Capital |
Unbabel created a Language Operations platform that blends AI with human review to translate customer service communications. This approach helps global companies provide consistent, high-quality support to customers in any language.
| Headquarters | Lisbon, Lisboa, Portugal |
| Year Founded | 2013 |
| Founders | Bruno Prezado, Hugo Silva, João Graça, Sofia Pessanha, Vasco Pedro |
| Funding Amount | $91.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Headline, Samsung NEXT, Y Combinator, Salesforce Ventures, Scale Venture Partners |
Nutrium builds a software platform that connects nutrition professionals with their clients. Their all-in-one tool helps dietitians manage meal plans, track patient progress, and streamline communication.
| Headquarters | Braga, Braga, Portugal |
| Year Founded | 2015 |
| Founders | André Santos, Asem Jawaid, Diogo Alves, Pedro Carneiro, Pedro Maia |
| Funding Amount | $17.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Lince Capital, Indico Capital Partners, Vesalius Biocapital Partners, Portugal Ventures, Startup Braga |
BRAINR builds a cloud-based Manufacturing Execution System (MES) specifically for the food industry. Their platform provides real-time data to streamline production and connect different parts of the manufacturing process.
| Headquarters | Leiria, Leiria, Portugal |
| Year Founded | 2021 |
| Founders | Paulo Gaspar |
| Funding Amount | $11M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | C2 Capital Partners |
Musiversal built a subscription-based marketplace that connects music creators with a global roster of session musicians, vocalists, and audio engineers. Their platform allows artists to book unlimited sessions and get their songs professionally produced for a single flat monthly fee.
| Headquarters | Lisbon, Lisboa, Portugal |
| Year Founded | 2018 |
| Founders | André Miranda, Xavier Jameson |
| Funding Amount | $12.1M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Shilling VC, Lince Capital, LC Ventures, Iberis Capital, Startup Braga |
Bloq.it develops a smart locker operating system that allows businesses to create their own custom applications. The platform powers hardware and software solutions for industries like retail, logistics, and residential property management.
| Headquarters | Lisbon, Lisboa, Portugal |
| Year Founded | 2019 |
| Founders | João Lopes, Miha Jagodic, Ricardo Carvalho |
| Funding Amount | $29.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Business Angel |
Novo Banco runs a universal banking operation that serves individuals, companies, and institutional clients. Their offerings range from daily accounts and credit to comprehensive insurance and investment solutions.
| Headquarters | Lisbon, Lisboa, Portugal |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | $500M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
90 Additional Portugal Startups Worth Following
Those ten companies are just the beginning of the story. New founders are building everywhere, with many focused on growing fields like AI, enterprise software, and energy.
Together, these next 90 companies have raised over $2 billion to bring their ideas to life. Here’s a look at the rest of the startups shaping Portugal's startup ecosystem.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Bandora | AI | 2017 | $2.1M | Venture Round |
 Powerdot | Enterprise | 2018 | $415M | Debt Financing |
 TagEnergy | Energy | 2019 | $1.2B | Debt Financing |
 Indaqua | Enterprise | 1994 | $358M | Debt Financing |
 Connected | Mobility | 2023 | $2M | Pre-Seed |
 GRAPHENEST | Manufacturing | 2015 | $3.9M | Seed |
 Rega Energy | Energy | 2021 | $60M | Private Equity |
 Framedrop.ai | Media | 2021 | $1.1M | Pre-Seed |
 EPSON | Retail | 1989 | — | — |
 Checkfirst | Enterprise | 2021 | $2.8M | Pre-Seed |
 PeekMed | Healthcare | 2015 | $6.2M | Grant |
 ODDSGATE | Enterprise | 2021 | $3M | Pre-Seed |
 Tripnly | AI | 2024 | $240k | Pre-Seed |
 NAORIS | AI | 2020 | $11.5M | Series A |
 Primetag | Marketing | 2014 | $5M | Venture Round |
 LOQR | AI | 2015 | $10.3M | — |
 Rely.io | Cloud | 2021 | $2M | Pre-Seed |
 BladeInsight | Fintech | 2015 | $2.1M | Seed |
 proGrow | Manufacturing | 2019 | $4.6M | Seed |
 Exclusible | Marketing | 2021 | $7.2M | Venture Round |
 Spotlite | Manufacturing | 2017 | $1.5M | Seed |
 SEAentia | AgTech | 2017 | $16M | Venture Round |
 Inductiva Research Labs | Other | 2021 | $2.3M | Seed |
 FULLVENUE | Marketing | 2020 | $2M | Seed |
 Oceano Fresco | Food | 2015 | $19.7M | Venture Round |
 Fibersail | Energy | 2019 | $5.8M | Venture Round |
 Hoopers | Media | 2019 | $2.8M | Seed |
 PlatformE | Media | 2015 | $16.6M | Series B |
 Capwatt | Energy | 2008 | $14.8M | Debt Financing |
 Bloop | Retail | 2024 | $1.3M | Pre-Seed |
 Landing.Jobs | Education | 2013 | $2.8M | Seed |
 Interface Labs | Crypto | 2022 | $1.6M | Seed |
 DIG-IN | AI | 2021 | $1.1M | Pre-Seed |
 Omniflow | Hardware | 2012 | $3.5M | — |
 Ophiomics | Biotech | 2015 | $8.2M | Series A |
 Criam | Biotech | 2016 | $2.3M | Grant |
 DeepNeuronic | Enterprise | 2020 | $1.5M | Seed |
 STAGE | Infrastructure | 2021 | $2.4M | Seed |
 Growappy | Education | 2018 | $970k | Grant |
 LUGGit | SaaS | 2019 | $2.2M | Seed |
 Hole19 | Media | 2011 | $3.5M | Seed |
 Prodsmart | Enterprise | 2012 | $4.5M | Venture Round |
 OWLplaces | Other | 2020 | $870k | Pre-Seed |
 AceCann | Healthcare | 2019 | $15M | Seed |
 Zharta | Fintech | 2021 | $4.3M | Seed |
 PICadvanced | Hardware | 2014 | $4M | Series A |
 Light Protocol | Crypto | 2021 | $4.5M | Seed |
 PluggableAI | AI | 2022 | $1.9M | Seed |
 Sqill | Marketing | 2020 | $2.1M | Seed |
 Bairro Direct | Enterprise | 2020 | $5.4M | Seed |
 Phi Wallet | Fintech | 2021 | $1M | Pre-Seed |
 Data4Deals | AI | 2021 | $1M | Seed |
 Kitch | Logistics | 2019 | $4.3M | Seed |
 YD Pharmaceuticals | Biotech | 2022 | $8.6M | Series A |
 UbiRider | Fintech | 2018 | $2M | Seed |
 The Breakfast | Media | 2018 | $300k | — |
 Comudel | Other | 2022 | $1.5M | Pre-Seed |
 IMMUNETHEP | Biotech | 2013 | $2.6M | Grant |
 AIDigitalEngine | AI | 2021 | $103k | Seed |
 Nortech AI | Enterprise | 2021 | $2.5M | Seed |
 Nuada | Healthcare | 2014 | $3.3M | Grant |
 SocialTalk | Marketing | 2021 | $770k | Seed |
 Flecto | Real Estate | 2016 | $1.6M | Venture Round |
 C2C NewCap | Energy | 2014 | $1.6M | Venture Round |
 DocDigitizer | AI | 2017 | $1.2M | Seed |
 C-mo Medical Solutions | Healthcare | 2019 | $4.8M | Seed |
 Anybrain | AI | 2015 | $1M | Venture Round |
 MindProber | Retail | 2016 | $6.2M | Series A |
 IO5 Networks | Hardware | 2017 | $32.7M | Series A |
 Biosurfit | Biotech | 2006 | $10M | Series A |
 Corium Biotech | AgTech | 2020 | $600k | Pre-Seed |
 ChemiTek | Manufacturing | 2018 | $1.8M | Seed |
 WEEZIE | Analytics | 2018 | $3.5M | Seed |
 Unlockit | Real Estate | 2020 | $1.5M | Pre-Seed |
 TAIKAI Labs | Crypto | 2018 | $2.8M | Seed |
 Jsonify | Other | 2023 | $500k | Pre-Seed |
 e-Schooling | Media | 2007 | $2.2M | Series A |
 Codavel | Infrastructure | 2018 | $2.9M | Seed |
 SentiVue | AI | 2024 | $167.3k | Pre-Seed |
 Doinn | Travel | 2015 | $1.6M | Convertible Note |
 impactMarket | Crypto | 2020 | $2.1M | Seed |
 DreamShaper | Education | 2013 | $3.5M | Venture Round |
 Volt Games | Infrastructure | 2020 | $1.5M | — |
 Vawlt | Cloud | 2018 | $3M | Seed |
 Forall Phones | Hardware | 2016 | $4.5M | Series A |
 Metasense | Media | 2022 | $5M | Corporate Round |
 Tecmafoods - Taking us Further | AgTech | 2021 | $1M | Seed |
 Ruby Nanomed | Healthcare | 2018 | $2.6M | Seed |
 Coreflux | Cloud | 2022 | $2M | Seed |
 Intuitivo | Education | 2021 | $240.8k | Pre-Seed |
