In addition to Silicon Valley, London, and Berlin, cities like Lisbon, Porto, Madrid or Barcelona have emerging startup ecosystems. Portugal and Spain went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.
Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecossystem.
These success cases have raised local rounds in Portugal and Spain and have been invested later by major international funds to support further development and expansion.
Our current portfolio has raised over 500 million USD in the last two years.