STARTUP ECOSYSTEM
Portugal Funding volume
Venture Capital Investment in Portugal: 2023 Overview
In 2023, venture capital (VC) funding in Portugal experienced a notable decline, amounting to approximately €151 million (around $164 million) in total investments. This figure represents a significant decrease from the previous year’s investment volume of $1.3 billion in 20224.
Key insights on venture capital funding in Portugal:
- Market Context: The global VC market peaked at $663 billion in 2021, corrected to $540 billion in 2022 and stabilized around $471.3 billion in 2023. This stabilization reflects a more cautious investment climate globally, impacting local markets like Portugal.
- Sector Focus: Most VC investments in Portugal were concentrated in the technology and energy sectors, particularly on startups involved in AI, fintech, healthtech, and renewable energy. These sectors are pivotal as Portugal positions itself as a burgeoning tech hub in Southern Europe.
- Investment Drivers: Factors contributing to the VC landscape include government incentives, a growing tech-savvy workforce, and an increasing number of successful startup exits that attract further investments.
- Future Projections: For 2024, VC investments in Portugal are projected to rebound to approximately $437 million, indicating a potential recovery as the market adjusts to previous fluctuations/
Resources
- Portuguese Startup Scene Report 2023 – Armilar Ventures
- Portugal projected to reach $437 million in VC investments in 2024 – startup.co
- Portugal as an Emerging Market for Venture Capital – The Portugal News
Portugal Startup density
In the 2024 Global Startup Ecosystem Report, Portugal ranks 27th globally and 4th in Southern Europe, reflecting its growing role as a regional technology and innovation leader. Key sectors driving this success include fintech, health tech, deep tech, and artificial intelligence (AI). Portugal’s startup ecosystem has also nurtured several high-growth companies, including unicorns and emerging scale-ups
Portugal Investment in key sectors
Portugal is witnessing significant public and private investments in key sectors, particularly in technology and education, as part of a broader strategy to enhance economic growth and innovation.
Portugal Export/Import Ratio
As of 2023, Portugal's trade balance reflects a positive trend, particularly in the technology sector. Here are the key figures regarding the export/import ratio and the balance of trade for technology products
Portugal Funding volume
In 2023, venture capital (VC) funding in Portugal experienced a notable decline, amounting to approximately €151 million (around $164 million) in total investments. This figure represents a significant decrease from the previous year's investment volume of $1.3 billion in 20224
Portugal Innovation index
In 2022, Portugal filed 1,382 patents, showcasing a steady interest in intellectual property and innovation. This figure indicates the country's growing emphasis on research and development within various sectors, particularly technology and pharmaceuticals.
