Ecosystem
Portugal
€559.6MCapital tracked
15Disclosed rounds
21Funds deploying
18Startups tracked
Portugal, in numbers
Sesamers round tracker · disclosed rounds only · EUR-converted
Capital by sector
Capital by sector, share of capital tracked. Donut chart, 5 slices. €559.6M Tracked. Defence AI 89% (89%), Unclassified 8% (8%), Health 1% (1%), Martech 1% (1%), Other 1% (1%).
- Defence AI89%
- Unclassified8%
- Health1%
- Martech1%
- Other1%
Source: Sesamers round tracker
Capital by quarter
Capital by quarter. Bar chart, 4 bars. Highest: Q3 26, €506.8M. Lowest: Q4 24, €2M. Highlighted: Q4 26. Values: Q4 24 €2M, Q2 26 €6.8M, Q3 26 €506.8M, Q4 26 €37.7M.
Source: Sesamers round tracker
Rounds by stage
Share of rounds by stage. Bar chart, 4 rows. Pre-seed 8%, Seed 77%, Series A 8%, Series D+ 7%.
Source: Sesamers round tracker
n = 13 rounds
Startups in Portugal
From the directory
Who invests here
Funds with a verified round in this hub · most active first
Armilar
Seed–Series A · Deep tech
Led 3 of 3 rounds tracked in Portugal. Armilar Venture Partners is a European early-stage venture capital firm backing founders…
Ticket undisclosed
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Iberis Capital
Series A–Series D+
Led 2 of 3 rounds tracked in Portugal. Partners with founders using technology to solve big problems, backing companies from…
Ticket undisclosed
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3xP Global
Led 1 of 1 round tracked in Portugal. Aims to transform private equity in the Iberian market with ESG expertise,…
Ticket undisclosed
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Programs in Portugal
Open calls first
What we have written
3 stories on Portugal
26Oct Intuitivo raises €1.35M seed to take teacher tools to Brazil Seventy-five thousand Portuguese teachers already grade through Intuitivo. A €1.35M seed co-led by Caixa Capital now… News 25
Oct Beyond Vision raises over €28M to scale drone production in Portugal Two Lisbon funds put over €28 million into a 13-year-old drone maker that builds its own… News 28
Sep Humanos raises $3.2M seed to give AI agents a risk score Anthemis leads a $3.2M seed into Lisbon's Humanos, whose 0-100 risk scores and risk passports aim… News