Porto Leading Investor i-charging, Bloq.it, and Coverflex lead Portugal’s rapid growth tech list

Deloitte’s latest "Technology Fast 50 Portugal” ranking highlights the exceptional momentum of Portuguese tech companies, with the top 50 generating more than €424 million in revenue in 2024. On average, these businesses grew 650% since 2021 and collectively contributed around €273 million in exports. The top three positions are Bloq.it, Porto Leading Investor i-charging and Coverflex.

The report underscores the diversity and maturity of Portugal’s tech ecosystem. While six of the ranked companies are young start-ups of four or five years, more than half have been operating for a decade or longer, showing that significant growth is not confined to early-stage businesses. Beyond the main list, Porto Leading Investor Critical Manufacturing secured the "Market Catalyst by Google Cloud” award.

Sector-wise, Deloitte notes an increase in companies working in retail, logistics, transport, engineering, and communications, alongside a rising centrality of artificial intelligence in business models. The coastal districts of Porto, Lisbon and Braga together represent 84% of the companies on the ranking and 84% of total turnover, highlighting their continued dominance in the national tech landscape.

Portugal’s accelerating tech expansion reinforces the country’s position as a competitive innovation hub in Europe, attracting investment, talent, and new international partnerships. Porto, in particular, continues to strengthen its role as a strategic centre for high-growth companies, benefiting from a dynamic ecosystem of universities, research centres, and emerging scale-ups.