The Hottest Startups in Lisbon

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The Hottest Startups in Lisbon
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Portugal is increasingly becoming known as “unicorn country”—the nation has launched more unicorns (seven) than Spain, Italy, and Greece combined. Via WIREDUK

Serial entrepreneurs Mila Suharev, Nils Henning, and Mitya Moskalchuk had been involved in the German startup scene for more than 15 years, successfully exiting four companies with valuations above €100 million before deciding to launch their new startup in the Portuguese capital.

Lisbon is increasingly becoming the tech hub of choice for many European entrepreneurs: Of the 10 CEOs profiled here, half are expats. “A new ecosystem such as the one growing in Lisbon is fascinating to experience firsthand,” says Amir Bozorgzadeh, CEO of Virtualeap. “It is a melting pot of foreigners and Portuguese, working hand-in-hand amid a very sunny setting in which work-life balance is always a priority for founders.

The startup, which was founded by van der Voort and Marcelo Lebre in 2019, simplifies the process with a platform that allows clients including DoorDash, GitLab, HelloFresh, Loom, and Arduino to onboard, pay, and manage employees and contractors in more than 150 countries. “One of our core services is serving as employer-of-record for customers in countries where they do not have legal entities. A major difference between Remote and competitors is that we never outsource these in-country legal entities to third parties.” In April 2022, it announced a $300 million Series C financing round with a valuation of almost $3 billion, led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, and others.

Launched in 2019 with cofounder Willy Bardiot, Artpool is an NFT marketplace and social network for the art world where artists can sell their NFTs—often their first—curated by a community of more than 900 professional curators.João Batalha, his brother Luís, and Micael Oliveira are former MIT computer scientists whose previous achievements include writing software that runs in the International Space Station and developing a platform for annotating academic papers.

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