proGrow Among the Top 25 Scaleups in Portugal

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The Scaleup Portugal 2023 report, promoted by BGI - Building Global Innovators, has identified the top 25 Portuguese scaleups and proGrow is in 22nd place in the ranking.

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According to the report, the 25 largest national Scaleups have already raised a total of 275.45 million euros, around 80% of the total investment raised by the digital startup ecosystem in Portugal between 2018 and November 2023. 

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In all, the 413 technology companies analyzed raised a total of 349,114,931.77 euros between 2018 and November 2023, generating cumulative revenues of 711,085,544 euros between 2018 and 2022. More than 60% of the startups/scaleups identified operate in the area of Information and Communication Technologies (ICT), followed by Consumer & Web, with around 17%; CleanTech & Industry 4.0 (14.5%) and MedTech & Health IT (7%).

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It is an honor for proGrow to be considered one of the most promising Scaleups in 5 years, and it is a great milestone to be one of the 25 organizations chosen from a universe of 413 companies.

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We couldn't be prouder of this distinction!