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End of year note
2020 has been a challenging year for everyone. I am glad it is finally over!
The best moments in 2020, for me, were my investments in Replai.io and Skoach. João, Francisco, and Rita, thanks for welcoming me on your journey! On the personal side, I also did my 3rd investment and now have 3 amazing kids to play with while working from home 🙂
2020 was also my first year as the Portugal Startup Scene newsletter curator. I hope this newsletter, my blog, and resources curated were helpful to you and you enjoy reading it as much as I did writing it. I also want to thank João Duarte Leite for helping me setting up the newsletter and providing valuable advice. Thanks mate!
Unlike previous months, in this month newsletter I focus on what happened in 2020. For that I have put together some charts and comments, you can find them here. I have added the usual information below.
For 2021, I wish you a Happy New Year and hope you are as energized as I am! I am working on some exciting things and hope to have news to share in the upcoming weeks. Stay tuned…
Check here 2020 Yearly report
December Highlights
- Atomico launched a great report about the European ecosystem, including some interesting facts about Portugal. In complement, check Sifted summary and analysis
- Lurdes, from Bynd, was received the best female business angel in Europe awarded
- Portugal Ventures invested €18M this year and expects to add 59 new investments in the upcoming weeks
- Bright Pixel shares the 21 by 21 trends
- Innocrowd is now supporting startups in Portugal (and Spain)
Accelerator deadlines, pitch competition and events
- January 14: Indico Pre-seed Demo Day
- January 21: KFounders
- January 23: Check-in Tourism Innovation Program
- January 29: Portugal Finlab
- January 29: Demium Lisbon accelerator
- January 31: Portugal Ventures – Tourism call
- February 10: Founders Showcase
- February 28: Mais Ajuda
- March 5: Portugal Ventures Open day
- March 7: Smart Open Lisbon – Green Capital
- March 10: Launch in Lisbon Startup Lisboa
- Always open: Startup Lisboa incubation; CTT 1520 startup program
Resources for entrepreneurs
Aiming to support Entrepreneurs and with contributions from many of you, I put together resources for Startups based in Portugal. Visit the Resources summary page here. It includes information about investors, Term-sheets, among other resources.
Contributions with additional resources are welcome!
New resources added this month
Funding round
Startup: Bizay/360imprimir (https://www.bizay.com/)
Amount: €32M
Investors: European Investment Bank, Pathena, Omnes Capital, 200m, Indico Capital Partners, LeadX Capital Partners, Iberis Capital
Startup: Virtuleap (https://virtuleap.com/)
Amount: €127k
Investors: Innovation Global Capital
Startup: GoParity (https://goparity.com/en)
Amount: €100k
Investors: Casa do Impacto
Startup: MyPolis (https://beta.mypolis.eu/)
Amount: €100k
Investors: Casa do Impacto
Startup: Manicómio (https://manicomio.pt/)
Amount: €100k
Investors: Casa do Impacto
Startup: Mentora Health (http://www.mentorahealth.com/)
Amount: €20k
Investors: Casa do Impacto
Startup: DiVERGE (https://www.diverge-sneakers.com/)
Amount: €20k
Investors: Casa do Impacto
Startup: Music Seeds
Amount: €20k
Investors: Casa do Impacto
Startup: Rural Invest
Amount: €20k
Investors: Casa do Impacto
Startup: Mad Panda (https://www.madpanda.pt/)
Amount: €20k
Investors: Casa do Impacto
Startup: Maria
Amount: €20k
Investors: Casa do Impacto
Startup: Beat the Butt
Amount: €20k
Investors: Casa do Impacto
Startup: Lovys (https://www.lovys.com/)
Amount: Unknown
Investors: Portugal Ventures
Startup: BetProtocol (https://www.betprotocol.com/)
Amount: Unknown
Investors: Ganexa Capital
Startup: Algarve Sun Boat trips (https://www.algarvesunboat.com/)
Amount: Unknown
Investors: Portugal Ventures
Exits
Startup | Type of transaction | Value of the transaction
Update to previously reported data
- Redcatpig Studio | + Portugal Ventures participation
- 360imprimir | Initially reported: €12.5M investment round ; Updated to: €32M + European Investment Bank
- Peoople | Initially reported: Portuguese round ; Updated: International round
- Fülhaus | Initially reported: Portuguese round ; Updated: International round
- Labby | Initially reported: Portuguese round ; Updated: International round
- Left | Initially reported: Portuguese round ; Updated: International round
- ParaSpace | Initially reported: Portuguese round ; Updated: International round
- QSee | Initially reported: Portuguese round ; Updated: International round
- TicTacTrip | Initially reported: Portuguese round ; Updated: International round
- Vuebox | Initially reported: Portuguese round ; Updated: International round
- Sensei | + Portugal Ventures participation
- EatTasty | + Portugal Ventures participation
- B_Creative | + Ganexa participation
- Climber | + Ganexa participation
- Methodology to valuate unknown round. Check methodology slides
International funding rounds participated by Portuguese investors
- Mustard Seed Maze | Ohne – UK
- Mustard Seed Maze | tl;dv – Germany
- Mustard Seed Maze | Outmind – France
- Sonae IM | Waveworks – UK
- Mustard Seed Maze | Vanilla Steel – Germany
Portuguese startups, Venture Capital and Business Angels activity report
See also