The Startup Ecosystem of Funchal
Funchal has 10 startups in our sample database. This represents about 1% of Portugal’s startups. Funchal is the 7th best startup ecosystem in Portugal.
CITY RANKING
While Funchal decreased by 40 spots in its global rank in the Global Startup Ecosystem Index of 2024, its ranking in Portugal remained stable at 7 nationally since 2023.
National Ranking
In Portugal
Regional Ranking
In Western Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Funchal Top Startup Industries
Ecosystem HealthCheck
Funchal Ecosystem Health Check
The health check tables allow you to look at the performance Funchal has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Funchal
Become our Funchal Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Funchal2017 - 2024
Startup Funding in Funchal 2017 - 2024
From 2022 to 2023, startup funding in Funchal has increased by 57.5%. During this period, the number of deals in Funchal has remained stable%. Since 2017, total startup funding in Funchal exceeded US$ $1.52M.
Average Funding in 2023
$315.59K
Funding in 2023
$315.59K
Deals in 2023
1
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Funchal
Global Rank
Funchal is ranked below the top 1000 startup ecosystems globally.
Top Industries
Funchal’s startups excel particularly in Ecommerce & Retail and in Software & Data, and Social & Leisure. Find out more
Top Cities for Startups in Portugal - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 86th - 24 | 9.028 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 167th - 20 | 3.742 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 495th - 71 | 0.496 | 00.00 | 00.00 | 00.00 | |
4th 0 | 545th + 12 | 0.401 | 00.00 | 00.00 | 00.00 | |
5th 0 | 606th + 33 | 0.319 | 00.00 | 00.00 | 00.00 | |
6th 0 | 806th - 67 | 0.184 | 00.00 | 00.00 | 00.00 | |
7th 0 | 1093rd new | 0.089 | 00.00 | 00.00 | 00.00 | |
8th new | 1104th new | 0.087 | 00.00 | 00.00 | 00.00 |
ECOSYSTEM
Why should you join Funchal's Startup Ecosystem?
Overview
7th
National Rank
364th
Regional Rank
Overview
ECOSYSTEM
Startup Infrastructure in Funchal
Accelerators
Coworking Spaces
BLOG
Recent Posts
Wed Apr 02 2025
Corporate Startup Activity Index 2025
For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]
Thu Feb 20 2025
Learning from Bulgaria: Stakeholder Engagement in Startup Ecosystems
In this episode of the Startup Ecosystem Podcast, we’re traveling back in time by revisiting an old recording to explore the state of Bulgaria’s startup ecosystem in 2022. This episode features an interview by Eli David Rokah, CEO of StartupBlink, with Momchil Vassilev, the Managing Director of Endeavor Bulgaria, discussing how different stakeholders’ engagement in […]