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Portugal is facing remarkable and rapid growth. The country, recovering from a recession, is rebuilding itself as an innovative startup hub, scaling up faster than the European average while attracting a considerable number of foreign investments. Its capital, Lisbon, is shaping up to become a vibrant city attracting international tech talent, who choose Portugal as their home for its exceptionally high quality of life and favourable fiscal policies. CompassList closely follows Portugal’s booming innovation scene and thriving tech community.


Failures and Lessons
Failures and Lessons


Replacing one-to-one human physiotherapy, SWORD Health’s technology enables treatment to be monitored and conducted anywhere, anytime, at greater intensity and lower costs – democratizing therapy.

Avoid employee burnout and increase productivity with Performetric’s real-time fatigue management solutions.


José Alberto Rocha is the Portuguese co-founder and CEO of YouClap, where he has worked since 2016. Rocha holds a Master's in IT Management Systems from the University of Aveiro and has also studied business and management. YouClap was developed at the university's incubator IERA. Rocha also worked as an Investment Officer at NU-RISE, a medtech startup also based at IERA. He is an avid adventure sports fan, which was one of his inspirations for developing YouClap.

To help young girls excel in the field of technology, Olaide Olambiwonnu takes time out of running Performetric, the tech startup she co-founded, to mentor middle-school girls. Olambiwonnu holds master’s degrees in Electrical Engineering from UCLA and in Entrepreneurship and Innovation from MIT. She is currently the COO of Performetric.


Banco Espirito Santo was once the largest Portuguese bank by market value, and controlled by the Espirito Santo family. In August 2014, the country’s central bank took over the control of Banco Espirito Santo in a US$6.6 billion rescue.

Founded in 2015, the Porto-based Betwixt Ventures is no longer active. The venture capital fund manager and advisory firm specialized in early-stage investments in Portuguese tech startups. It invested in startups vetted by other business angels, or co-invested with other VC partners and private investors. The focus of the investments was to fill in the funding gap between seed and Series A rounds. 


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