This new wave of tech entrepreneurs took Portugal by storm and today it’s impossible not to admire how much we have accomplished as a country. But this is just the beginning. What Portugal and Europe now want is to transform as many startups as possible into scale-ups.
To raise the discussion on this topic, today Startup Europe Partnership together with Microsoft Portugal and Ativar Portugal Startups is launching the first study on Portuguese scale-ups with surprising results. First, they have identified 40 scale-ups that raised more the 150 million euros.
When comparing this results with Germany or the UK the number seems low, but if you look at how recent our ecosystem is, this number is pretty impressive. 65% of the portuguese scale-ups have only raised money in the last two years and 75% of them were born after 2010.
This is a strong indicator of how fast the Portuguese ecosystem has evolved in the past 5 years.
Read the whole article on PortugalStartUp.com