9 Top startups in Funchal for March 2025

We rank Mobmio, PLUTOS and APOLO P2P in Funchal along with 6 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Funchal startup ecosystem ranks #1093 globally and #7 in Portugal.

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Best Startups in Funchal for 2025

SB Score:264

Mobmio is an innovative mobile performance network that excels in user acquisition for mobile apps and provides monetization solutions for publishers, helping them maximize their revenue and reach. With a focus on rapid growth, Mobmio connects app developers and publishers for optimal performance and profitability.

Industry:
General
Subindustry:
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National Rank (Portugal)

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Regional Rank (Western Europe)

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Global Rank (WorldWide)

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SB Score:190

PLUTOS is a pet food manufacturer dedicated to crafting chewable dog treats that enhance dogs' health and well-being. Made from casein, these treats promote dental cleanliness and offer protection against harmful bacteria, ensuring dogs enjoy delicious snacks while supporting their overall health.

Industry:
Foodtech
Subindustry:
Agtech

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:179

APOLO is a cutting-edge peer-to-peer cryptocurrency learning platform that leverages the booming e-learning industry. It connects users with knowledgeable peers, facilitating engaging and interactive learning experiences to enhance their understanding of cryptocurrency and blockchain technology.

Industry:
Fintech
Subindustry:
Blockchain

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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SB Score:110

Heel Tread creates unique socks inspired by the passions of men, celebrating hobbies and interests through stylish designs. By combining comfort and creativity, Heel Tread offers a fun way for individuals to express their personality while enjoying high-quality footwear.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:56

01 Talent is a talent factory and growth agency that empowers millions of developers with digital education and job opportunities through innovative pedagogy, technology, and operations.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:34

Established in 2000, this guided walking company in Madeira now offers a variety of outdoor activities such as whale watching, horse riding, and diving. Seeking to expand, they aim to promote Madeira as a year-round destination through online sales and advertising.

Industry:
Social & Leisure
Subindustry:
Travel

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:24

Bclose is a user-friendly digital platform that combines security, wellness, and energy management devices in one convenient app. Streamline your smart home experience with Bclose's easy-to-use interface.

Industry:
Software & Data
Subindustry:
Software

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:24

Guestly empowers hospitality companies to offer guests seamless mobile control. Guests can easily browse, select, and book hotel amenities.

Industry:
Social & Leisure
Subindustry:
Travel

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Unranked

Wiziit CRM offers cutting-edge cloud-based software for Car Rental businesses, providing a powerful and tailored solution. Streamline operations and boost efficiency with state-of-the-art technology designed specifically for the industry.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:9

Top 2 Ecommerce & Retail Startups in Funchal for 2025

Funchal startup ecosystem ranks among the top 10 locations in the world for startups in Ecommerce & Retail, holding the falseth position.
SB Score:110

Heel Tread creates unique socks inspired by the passions of men, celebrating hobbies and interests through stylish designs. By combining comfort and creativity, Heel Tread offers a fun way for individuals to express their personality while enjoying high-quality footwear.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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SB Score:56

01 Talent is a talent factory and growth agency that empowers millions of developers with digital education and job opportunities through innovative pedagogy, technology, and operations.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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Total amount:2

Top 2 Software & Data Startups in Funchal for 2025

Funchal startup ecosystem ranks among the top 10 locations in the world for startups in Software & Data, holding the falseth position.
SB Score:24

Bclose is a user-friendly digital platform that combines security, wellness, and energy management devices in one convenient app. Streamline your smart home experience with Bclose's easy-to-use interface.

Industry:
Software & Data
Subindustry:
Software

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
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Unranked

Wiziit CRM offers cutting-edge cloud-based software for Car Rental businesses, providing a powerful and tailored solution. Streamline operations and boost efficiency with state-of-the-art technology designed specifically for the industry.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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Total amount:2

Top 2 Social & Leisure Startups in Funchal for 2025

Funchal startup ecosystem ranks among the top 10 locations in the world for startups in Social & Leisure, holding the falseth position.
SB Score:34

Established in 2000, this guided walking company in Madeira now offers a variety of outdoor activities such as whale watching, horse riding, and diving. Seeking to expand, they aim to promote Madeira as a year-round destination through online sales and advertising.

Industry:
Social & Leisure
Subindustry:
Travel

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
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SB Score:24

Guestly empowers hospitality companies to offer guests seamless mobile control. Guests can easily browse, select, and book hotel amenities.

Industry:
Social & Leisure
Subindustry:
Travel

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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Total amount:2

Most Funded Startups in Funchal for 2025

The top three most funded startups in Funchal have raised total funding of more than USD 700K. Mobmio has 1.50% more funding than APOLO P2P.
SB Score:264

Mobmio is an innovative mobile performance network that excels in user acquisition for mobile apps and provides monetization solutions for publishers, helping them maximize their revenue and reach. With a focus on rapid growth, Mobmio connects app developers and publishers for optimal performance and profitability.

Industry:
General
Subindustry:
Select an Industry first...

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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SB Score:190

PLUTOS is a pet food manufacturer dedicated to crafting chewable dog treats that enhance dogs' health and well-being. Made from casein, these treats promote dental cleanliness and offer protection against harmful bacteria, ensuring dogs enjoy delicious snacks while supporting their overall health.

Industry:
Foodtech
Subindustry:
Agtech

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:179

APOLO is a cutting-edge peer-to-peer cryptocurrency learning platform that leverages the booming e-learning industry. It connects users with knowledgeable peers, facilitating engaging and interactive learning experiences to enhance their understanding of cryptocurrency and blockchain technology.

Industry:
Fintech
Subindustry:
Blockchain

National Rank (Portugal)

0

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Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

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Total amount:9

Top Hiring Startups in Funchal by Employee Number

The top three hiring startups in Funchal have an median employee size that is between [11-50]
SB Score:264

Mobmio is an innovative mobile performance network that excels in user acquisition for mobile apps and provides monetization solutions for publishers, helping them maximize their revenue and reach. With a focus on rapid growth, Mobmio connects app developers and publishers for optimal performance and profitability.

Industry:
General
Subindustry:
Select an Industry first...

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:190

PLUTOS is a pet food manufacturer dedicated to crafting chewable dog treats that enhance dogs' health and well-being. Made from casein, these treats promote dental cleanliness and offer protection against harmful bacteria, ensuring dogs enjoy delicious snacks while supporting their overall health.

Industry:
Foodtech
Subindustry:
Agtech

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:179

APOLO is a cutting-edge peer-to-peer cryptocurrency learning platform that leverages the booming e-learning industry. It connects users with knowledgeable peers, facilitating engaging and interactive learning experiences to enhance their understanding of cryptocurrency and blockchain technology.

Industry:
Fintech
Subindustry:
Blockchain

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:110

Heel Tread creates unique socks inspired by the passions of men, celebrating hobbies and interests through stylish designs. By combining comfort and creativity, Heel Tread offers a fun way for individuals to express their personality while enjoying high-quality footwear.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Portugal)

0

View

Regional Rank (Western Europe)

0

View

Global Rank (WorldWide)

0

Browse
View full page

Total amount:9

Explore the Startup Ecosystem of Funchal

National Rank

(undefined)

7th

0

Regional Rank

(undefined)

364th

8

Global Rank

(WorldWide)

1093rd

40

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Top Cities for Startups in Portugal - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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