Exploring Portugal’s Thriving Tech Scene and Start-Up Wonders

Rita Batalha
6 min readJul 25, 2023

The blend between ancient heritage and innovation is awe-inspiring 🚀

Are you an adventurer at heart with a passion for cutting-edge technology and the spark of entrepreneurial spirit? If so, Portugal should be at the top of your travel bucket list!

I am a little biased because Portugal is my home country, but I truly enjoyed the country and the wonders the country has to offer — from the beautiful coastal and countryside towns to the urban buzz cities.

Photo: Lisbon — photo from the author

While visiting the capital of Lisbon this summer, I was excited in exploring the start-up ecosystem, tech enthusiasts and forward-thinking entrepreneurs alike.

In recent years, the country has undergone a remarkable transformation, embracing digitalisation, and nurturing a dynamic tech ecosystem that nurtures start-ups and fosters innovation.

Here are interesting stats on the Portuguese start-up ecosystem:

  • In 2022, Portugal raised $110 Million in capital (after raising $140 Million in 2021).
  • Investment in the startup scene in Lisbon has grown by 30% every year since 2016 — twice the average of the rest of Europe.
  • The startup market is growing, with over 2,200 startups being registered.

--

--

Rita Batalha

Technology and Innovation geek. Excited about all new things in the world 🌎