This article was published on November 29, 2012

Seedcamp went to Lisbon and liked what it saw, invests in three new Portuguese startups


Seedcamp went to Lisbon and liked what it saw, invests in three new Portuguese startups

European micro-seed fund Seedcamp announced today that it is investing in three additional Portuguese startups. This decision follows Seedcamp Lisbon, which took place in Portugal earlier this month.

As you may remember, the first Portuguese startup to receive Seedcamp’s backing was Simpletax, which got funded two months ago after Seedcamp Week in London. Here are the three startups that are now joining Seedcamp’s portfolio:

  • CrowdProcess, which uses computing capacity in users’ browsers around the world to build a truly distributed supercomputer;
  • Hole19, a suite of mobile and online products for the golf industry [see our previous post];
  • Qamine, a ‘software testing as a service’ platform that helps developers identifying errors and bugs which are repeated throughout the codebase.

Seedcamp Lisbon was organized by non-profit association Beta-i in parallel with another of its events, Silicon Valley Comes to Lisbon (SVC2LX). As you may know, Beta-i has brought several entrepreneurship and innovations events to Portugal, and has helped over 100 startups throught its acceleration programs.

While Seedcamp has existed since 2007, this was the first time it had come to Portugal. Before launching the event, it published a blog post describing Lisbon as “an ideal entrepreneurial hub.” Considering the financial crisis the country is going through, this interest is certainly good news for Portugal’s tech scene and job seekers.

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