Startup funding in Portugal 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Portugal raised $660M in 25 venture rounds from January to September 2026, 22nd of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
1 round of $100M or more holds 87.9% of that money. Without it, Portugal raised $80M, 40th of 119 countries.
Largest round
The largest round was TEKEVER in Lisbon: $580M, Series D, in September 2026.
Cities
Lisbon startups raised $591M, 89.6% of the national total, ahead of Torres Vedras with $56M.
Cities without rounds of $100M or more
Without its 1 round of $100M or more (TEKEVER), Lisbon falls behind Torres Vedras: $56M to $11M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 23 rounds, $24M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Lisbon | 16 | $591M | $11M | 1 |
| Torres Vedras | 1 | $56M | $56M | 0 |
| Óbidos | 1 | $7M | $7M | 0 |
| Maia | 1 | $4M | $4M | 0 |
| Via Rara | 1 | $2M | $2M | 0 |
| Sesimbra | 1 | $240K | $240K | 0 |
| Porto | 1 | $58K | $58K | 0 |
| Coimbra | 1 | $57K | $57K | 0 |
| Barcarena | 1 | $0 | $0 | 0 |
| Cascais | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| TEKEVER | Lisbon | Series D | 2026-09-23 | $580M |
| BIZAY | Torres Vedras | Series D | 2026-07-07 | $56M |
| Hope Care Health | Óbidos | Series A | 2026-09-08 | $7M |
| Sybilion | Maia | seed | 2026-03-11 | $4M |
| Pollen | Lisbon | seed | 2026-05-07 | $4M |
| Usawa Care | Lisbon | seed | 2026-09-23 | $3M |
| Ekiden | Lisbon | seed | 2026-05-04 | $2M |
| CiaoDott | Via Rara | pre-seed | 2026-03-17 | $2M |
| GIMI | Lisbon | pre-seed | 2026-06-02 | $1M |
| Eight | Lisbon | seed | 2026-04-10 | $301K |
Method
25 rounds in Portugal in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 19 of the 25 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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