Startups in Lisbon have already raised €333 million in 2022

The year 2022 has not yet ended, and the startup ecosystem in Lisbon has already raised €333 million this year, a figure substantially above the €96.8 million raised in 2021, according to the study “The State of Lisbon’s Startup Ecosystem 2022”, produced by Dealroom for Lisbon City Council. Overall, the ecosystem is worth €21.4 billion.

Despite the cooling in the capital market, the startup ecosystem in Lisbon has already raised €333 million. The figure is “3.2 times more than in 2021 and represents a record of investment by funds in Lisbon-based startups,” the study points out.

The spike in terms of investment gathered by the Lisbon startup ecosystem – comprising over 1,400 startups founded, headquartered or with a presence in the Lisbon Metropolitan Area – is mainly because some startups have raised their first rounds above Series C. Power Dot alone has raised €150 million and FRVR has raised €69 million in funding, Dealroom lists.

But even at the early stage level, the amount raised by the ecosystem is rising. So far, it has already reached €114 million, according to Dealroom data, a figure above the €97 million raised in 2021.

Impact startups in Lisbon also raised a record amount this year, €7.8 million, 3.1 times more than in 2020.

In this movement, international investment funds have played a significant role in the ecosystem, accounting for over 80% of total investment and more than half (70%) of total rounds this year.

But local investors – such as Shilling, Indico, Maze, Faber, Alpac, Armilar – have been gaining relevance, having already raised 77 million in new funds this year, Dealroom points out.