Lisbon startup directory
Hand-picked startups, investors, and ecosystem operators in Lisbon, with a custom city illustration in europe-startup-guide.com brand colors.
Showing 1–20 of 63 Lisbon · Portugal
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Aptoide
Independent alternative Android app store and distribution platform with 430M+ users and 1M+ apps, one of the largest Android stores globally, with an AppCoins crypto rewards layer. Founded 2009.
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Armilar Venture Partners
Armilar Venture Partners is a Lisbon-based venture capital firm that spun out from Portugal's Novabase group in 2016, building on a venture investment track record dating back to 2001. The firm invests from seed through growth stage in deep tech, enterprise IT, and healthcare, with a focus on Portuguese and Iberian founders with global ambitions. Armilar manages over EUR 200M and has backed companies including Feedzai (AI fraud detection unicorn), Outsystems, Sword Health, and Codacy. The team provides strategic support in US market entry and international scaling.
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Bandora
Bandora is an AI-powered virtual facility manager that integrates with existing building management systems to optimize energy efficiency, reduce costs, and maintain comfort in commercial buildings. The startup has reported about USD 1M-1.5M in pre-seed/seed backing and won the CTA CEO Summit startup pitch in Lisbon, earning a complimentary exhibit space at CES 2026 in Las Vegas.
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Beta-i / Lisbon Challenge
Beta-i is a Lisbon-based innovation and acceleration organisation founded in 2009 that runs startup programmes, including its well-known Lisbon Challenge accelerator, and helps corporates innovate through open-innovation initiatives. With a presence spanning Lisbon, Brussels, Boston and Sao Paulo, it has supported thousands of startups across Europe and beyond.
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BIO-Europe Spring 2026
Life sciences partnering conference in Lisbon built around structured 1:1 meetings between biotech startups, pharma companies, and investors. Registration costs about EUR 2800+. Covers drug discovery, clinical development, and licensing. Essential for biotech startups seeking licensing deals, co-development partnerships, and Series A+ funding from specialized life-science investors.
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Bling Energy
Residential solar company offering panels, batteries, EV chargers and backup systems via a no-upfront-cost subscription model, aiming to cut household electricity bills by up to 50%.
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Bloop
Bloop is a Lisbon-based social-commerce startup founded by Francisco Rodrigues (CEO) and João Neves (CTO), both alumni of companies including Amazon, Farfetch, Microsoft and Uber. Conceived in 2022 and formalised in 2024, it operates what it calls the world's first social shopping network — a platform that fuses a product marketplace with the mechanics of a social feed, turning ordinary consumers into paid recommenders. Users earn wallet credits of up to 10% of a purchase's value for publishing authentic recommendations, and up to 5% commission on referral sales, while sellers gain community-generated exposure instead of paid ads. At its July 2025 public beta the platform carried 200,000+ products from 150+ brands and reported a ~4.5% conversion rate. Bloop has raised about €1.5M in pre-seed capital co-led by Monarque Funds and Insure Broker, including one of Portugal's largest retail crowdfunding rounds, and targeted a €5M seed to expand into Spain and France.
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Brisa Boost
Brisa Boost is the corporate startup accelerator and open-innovation programme of Brisa, Portugal's largest motorway operator. It works with early-stage startups in mobility, smart infrastructure and sustainability, offering pilots on Brisa's road network, mentoring and access to its business units.
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Bynd Venture Capital
Founded in 2016, Bynd Venture Capital is a Lisbon-based early-stage VC managing over EUR 60M, investing EUR 0.5-2M at seed and Series A in digital transformation, consumer internet, and e-commerce startups across the Iberian Peninsula. Portfolio companies include Kitch (ghost kitchens), Sensei (autonomous retail), and Nutrium (nutrition SaaS). Bynd focuses on product-driven founders and leverages Lisbon's growing tech ecosystem to connect Portuguese startups with European and US investors.
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Casa do Impacto (MAZE)
Casa do Impacto was founded in October 2018 in Lisbon's Convento de São Pedro de Alcântara under the umbrella of Santa Casa da Misericórdia de Lisboa, in partnership with Lisbon City Council, the Calouste Gulbenkian Foundation, and other institutions. It serves as Lisbon's main hub for social entrepreneurship, offering incubation, acceleration (including the Maze Impact program), coworking, and investment readiness support to startups working on social and environmental challenges. Within its first three years it had incubated 48 startups, supported over 190 projects, and established 30 national and international partnerships.
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Class of Wonders
Class of Wonders is an impact-focused edtech startup building gamified classroom tools and inclusive learning experiences, including language-learning adaptations for migrant children. Through Lisboa Innovation for All, the team presented MAGOS for All, and it has also participated in ecosystem initiatives such as Techstars Startup Weekend in Viseu.
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Codacy
Automated code-quality and security platform (static analysis, SAST, secret and dependency scanning, AI guardrails) supporting 40+ languages; used by 15,000+ organizations. Founded 2012.
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Comudel
Comudel develops a business operating system that automates workflows, legal contract handling, and AI-assisted financial operations for companies. Founded in 2022, it is associated with Unicorn Factory Lisboa and Instituto Pedro Nunes, operates from The Fintech House in Lisbon, and participated in the SPRINT accelerator focused on compliance and enterprise operations.
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Coverflex
Coverflex is a Portuguese startup that builds a compensation management platform bringing together every part of employee compensation beyond salary, including flexible benefits, insurance, meal allowance and exclusive discounts in a single product. Employees manage their benefits, meal allowance, insurance and discounts through the Coverflex app and card, and can direct part of their balance toward savings products. Founded in 2019, it operates across European markets including Portugal, Italy and Spain. In February 2023 it raised a €15 million Series A round to support its European expansion.
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Cristina Fonseca
General Partner at Indico Capital Partners and co-founder of Talkdesk, the contact-centre software unicorn. A Forbes 30 Under 30 alumna and one of Portugal's best-known tech entrepreneurs, she invests in early-stage software and AI companies across Southern Europe.
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DOJO AI
Dojo AI is a Lisbon-based agentic marketing platform, founded in 2024 by Duarte Garrido (a marketing leader from Coca-Cola and Sky) and António Alegria (an AI architect from Portuguese unicorns Feedzai and OutSystems). Marketed as an Intelligent Marketing System, it uses multi-agent AI to autonomously monitor, analyse and act across marketing channels, built on a proprietary DOJO Graph that maintains a living digital twin of each customer's marketing operation. Its AI agents track paid and organic campaigns, audit SEO visibility, generate on-brand content and execute workflows in real time, positioning the product as a marketing operating system that consolidates many traditional tools. Serving challenger and enterprise brands primarily in the US and UK, Dojo AI has raised around $7M — a $1M pre-seed (2025) led by Berlin's Heartfelt VC and a $6M / €5.1M seed (2026) led by Lisbon's Armilar Venture Partners at a reported $30M valuation — with capital focused on US expansion.
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EDP Ventures
EDP Ventures is the corporate venture capital arm of EDP — Energias de Portugal, one of Europe's largest energy utilities. Established in 2008 and headquartered in Lisbon, with investment teams in Madrid and São Paulo, it manages €150M and makes five to eight investments a year, writing €1–10M cheques from Seed through Series B with follow-on capacity. Its mandate is tightly aligned with EDP's decarbonisation strategy, targeting renewable energy, grid infrastructure, distributed energy resources, green hydrogen, storage and flexibility, electric mobility and energy-use decarbonisation, plus AI and digital. The fund has backed 40+ active companies across Europe and the Americas, including Portuguese AI unicorn Feedzai, battery-recycling firm Green Li-ion and grid-data platform Energyworx (acquired by Gridspertise in 2025); four portfolio companies featured in the 2024 Global Cleantech 100. By end-2023 EDP Ventures had deployed a cumulative €70M and generated over €115M in contract value for EDP group companies.
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Ekiden
Lisbon-based blockchain derivatives trading platform providing on-chain perpetual futures and options markets with institutional-grade execution infrastructure for algorithmic traders. Raised €1.7M seed at a €17M valuation in May 2026.
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ETHGlobal
ETHGlobal is the leading organiser of Ethereum and Web3 hackathons and summits worldwide, running flagship in-person events and online hackathons that bring together developers, founders and protocol teams to ship onchain applications. Its Lisbon editions anchor Portugal's recurring Onchain Lisbon ecosystem week.
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ETHGlobal Lisbon 2026
ETHGlobal's flagship Ethereum hackathon returns to Lisbon. 36 hours of building with hundreds of Web3 developers, sponsor bounties, workshops & mentorship from leading protocols, closing with judged demos and prizes for the best on-chain projects.
