Startup Europe. Grown up reporting
But who are the next generation of Portuguese startups to watch?
Our team of experts at Sifted have chosen a list of more than 100 companies we think you need to know about, with an added “Sifted take” on some to provide an extra layer of insight. Keep reading below and stay informed about Europe’s new economy!
(P.S The data is from our partners at Dealroom.co. If there is anyone missing from this list, or anything is wrong, please let us know by email at ([email protected]).
Please check out our jobs board to see some of the companies hiring from this list, as well as our lists from other European countries.
The Lisbon-based company, which was founded in 2013, describes its approach as translation as a service — combining the speed and low cost of machine translation with a layer of human expertise powered by more than 100,000 freelance translators around the world.
Unbabel has raised $91m from the likes of e.ventures, Notion, Greycroft, and Indico Capital Partners and has customers which include Facebook, Microsoft, Booking.com and easyJet. The company says it has more than 150 enterprise customers using its platform, mainly in the travel, gaming and ecommerce sectors.
The bigger picture is the Unbabel is disrupting the offshoring industry (where companies put English-speaking support staff in cheap locations around the world). With Unbabel it’s easier to have customer service teams anywhere.
The website of the Lisbon-based company is visited by more than 4m potential tenants a year. It takes 8% commission on each booking, with 4% paid by the landlord, and the other 4% paid by the tenant. When it started back in 2012, the company was a classified listings website, where landlords paid to list their properties. Now they put themselves in the middle and take a cut.
Venture capital investors have backed Uniplaces with more than €30m. The lead investors are Atomico, cofounded by Skype billionaire Niklas Zennstrom, and Octopus Ventures, which has backed companies like LoveFilm and Secret Escapes. Sweet Capital, the fund of King.com founder Riccardo Zacconi, has also invested.
Uniplaces says it plans to continue growing at a fast rate, doubling or even tripling in size by the end of 2021. In a recent interview with Business Insider, the company said that organic growth was the focus for the company right now but it did not rule out acquisition or IPO down the line.
Essentially, Codacy is used by developers to check the quality of code, and implement code quality standards, with the goal of reducing the time engineering teams need to spend on code review.
Founded in 2014 by CEO Jaime Jorge and CTO João Caxaria, the company now claims to look at 30bn lines of code per day across more than 450 customers.
In the past year, the company opened a US headquarters in New York City as well as an office in the Bay Area, where its global head of sales is now based. It also raised $7.7m last year, bring it’s total funding to more than $15m.
The company has some competitors such as Code Climate and Pull Review and there is a constant arms race for the best technology and service.
Leça da Palmeira, Portugal
San Mateo, Portugal
Porto Salvo, Portugal
Caldas da Rainha, Portugal
Leça do Balio, Portugal
NB The Dealroom data about employee growth is mainly from LinkedIn, and so is not perfect (people may not always update their profiles when they move jobs, for instance). But it gives some idea about the rate of change from 2018 to 2019. We have classed 0%-20% growth as “staying level”, 20%-100% growth as “growth” and 100% plus growth as “hyper-growth”.Logos provided by Clearbit
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