Top Unicorns in Portugal

Portugal is particularly well known for its open policies with regard to investment as well as its fairly dynamic startup ecosystem, with companies across a broad range of sectors thriving. From fintech companies to businesses in the renewable energy sector, Portugal is buzzing with new companies constantly popping up.
As of the end of 2023, there were more than 4,000 active startups all around the country, and with Lisbon operating as the epicentre (so to speak) of the business ecosystem in Portugal, the situation is constantly improving.

One of the best indications that a country is doing well in establishing new businesses is the emergence of unicorns, and although Portugal’s numbers are still fairly low, they are on the rise.

While eight businesses in total have achieved unicorn status at one point or another, Portugal is currently home to three unicorns. Of course, it’s not uncommon for companies to become unicorns and then end up falling off the list, whether it’s because its valuation drops or shifts towards public ownership.

Regardless, trends are showing that Portugal has become a great place to start and run a business and there are several reasons why this is true.