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Tomás Penaguião

Associate

First of all, I would like to show appreciation for this initiative. It is very important and useful for the sector to have relevant statistical information gathered in order to be able to extract critical insights and use them to improve our ecosystem.

This report has revealed that these top 25 companies are on the right track increasing their revenues consistently over the years and having a more and more global presence. They are a role model for the new entrepreneurs and emerging businesses.

We can also notice that there is still some work to be done in order to deliver our startups a better access to national capital or provide them the tools to be able to attract international investors. As investors we also need to be aware that funding requirements and timings vary considerably from vertical to vertical and expectations should be aligned since the day 1.

To conclude, I believe we have an ecosystem with all the necessary ingredients gathered to become more and more relevant in the European startup scene and this kind of reports are very relevant to show these evidences.