portugal
For the first time, Portuguese fintechs have raised over $1bn. The Portugal Fintech Association’s annual report for 2022 calculates that the country’s fintechs have raised an aggregate of €1.08bn to date. Some 48% of this money was raised from international investors. Lisbon remains the fintech powerhouse, with 55% of fintechs based there, with Porto coming in … Read more
The Unicorn Factory Lisboa has launched with the intention to support innovation and entrepreneurship. Together with the private sector, it has invested €8m to help over 20 scale-ups and 40 new projects per year. Things kick-off in 2023 with two programmes: The Scaling Up and The Soft Landing. Lisbon mayor Carlos Moedas did the honours … Read more
Portuguese startup Oscar is looking to Spain, France and Germany to expand. Formed in 2020, it offers users of its app a range of house cleaning services for them and their pets. It boasts over 150 services, including cleaning and the installation of equipment. The app is on the Android (Google) and iOS (Apple) operating … Read more
The number of new companies registering in Portugal in Q2 2022 grew at a healthy 7%, which compares with a 1.2% decline across the rest of Europe. Portugal came only second to Romania, which saw a whopping 22% increase. Lithuania dropped by 8.8% and Denmark by 5.9%. EU declarations of bankruptcies increased by 2.2%, with … Read more
Norwegian VC firm Antler has come over all Iberian, opening offices in Lisbon and Madrid. Spearheading the expansion are Sérgio Massano, partner and director of expansion, and Ricardo Batista, director. Media reports suggest that the firm is looking to make 30 investments in Iberia by next year. Massano said: “Antler’s model is distinctive because we … Read more
A record €122m has already been injected into the startup scene in Lisbon, Portugal. This compares with €34m in 2018. Some €102m was raised locally. The figures come from a Dealroom report which also states Lisbo-based startups are now worth €2.1 billion, three times higher than five years ago. What’s more, the Portuguese capital accounts … Read more
