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Radar · Gaming in Portugal

Best Gaming Companies in Portugal

The 43 best Gaming companies in Portugal in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: KEK ENTERTAINMENT.

43companies tracked
$29.9Mdisclosed funding
0unicorns
5have raised
Sources & further reading
  • ResearchAndMarkets.com
  • Statista
FLIAR INTELLIGENCE · GAMING × PORTUGAL

Our analysis of 180 Gaming companies

$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

180companies analysed
90%cloud-native stacks
2024funding peak (by rounds)
14unicorns
2020median founding year

Ranked: Best Gaming companies in Portugal

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1KEK ENTERTAINMENT
Developer of mobile-based casual action games
$11M33 mo agoSeed—2021——
2Lunar Labs
Developer of mobile and PC-based casual games
$10M53 mo agoSeries ASergio Flores
Founder
2016——
3Fight Out
Platform building a fitness app and high-end gym chain
$6M41 mo agoSeries ACarl Jones
CEO
2012WebflowAmazon Web Servicescore-js+9—
4GAM3S.GG
Online gaming platform offering web3 games
$2M28 mo agoSeedOmar Ghanem
Co-Founder & CEO
2021TypeScriptGraphQLNode.js+23—
5Doppio
Voice based gaming solution
$1M85 mo agoAcquired—2018Squarespace CommerceSquarespaceAmazon Web Services+10—
6Exeedme
Blockchain-based esports tournament platform
—67 mo agoFunding Raised—2018Node.jsChakra UIReact+25—
7EMOTAI
Headband to track brain waves for gamers
—100 mo agoSeedCarolina Amorim
Co-Founder & CEO
2017Apache HTTP ServerAMPCloudflare+3—
8Bica Studios
Mobile Games developer focusing on Casual Games
—137 mo agoPublicNuno Folhadela
CEO & Co-Founder
2013WordPressMySQLRedis+20—

Top 8 Gaming companies in Portugal

#1
Seed · Braga, Braga District · founded 2021 · 18 employees
$11Mraised
▾

Developer of mobile-based casual action games

Investors
Play Ventures, The Games Fund, Korea Investment Partners, Woori Technology Investment, Kona Venture Partners
#2
Seed · Lisbon, Lisbon · founded 2021 · 10 employees
$2Mraised
▾

Online gaming platform offering web3 games. The platform allows players to scroll through a library of web3 games including blockchain games and NFT games to compete and receive rewards. It also offers gaming content, live streaming, community events, and much more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 19.1% of this cohort's audience · 21 engagements/post (4.1× cohort median)
Founders & team
Omar GhanemCo-Founder & CEODaniel StockhausCo-Founder
Investors
Mechanism Capital, Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital
#3
Series A · Lisbon, Lisbon · founded 2012
$5.8Mraised
▾

Platform building a fitness app and high-end gym chain. It is a move-to-earn platform that rewards users for completing workouts whether in the gym or at home in their living room. User workouts are personalized to their goals and ability, and their progress and achievements are analyzed and reflected directly in their digital avatar’s attributes.

Funding rounds
  • Mar 2023Series A$5.8M
Founders & team
Carl JonesCEO
#4
Series A · Lisbon, Lisbon · founded 2016
$10Mraised
▾

Developer of mobile and PC-based casual games. It specializes in developing games based on genres such as role-playing, puzzle, and strategy. One of the games developed by the company is Minimon 3D. It uses the Unity engine to develop games. Games are available on Android, Unity's Asset Store, and Github. It generates revenue through advertisements and in-app purchases.

Funding rounds
  • Mar 2022Series A$10M
Founders & team
Sergio FloresFounder
Investors
Hypersphere Ventures, Arrington Capital, Lemniscap, Robvc, Signum Capital
#5
Acquired · Porto, Porto District · founded 2018 · 2 employees
$1.1Mraised
▾

Doppio is a developer of conversational games. The games can be activated and played on the human voice command. Available for Amazon Alexa & Google Assistant platform.

Funding rounds
  • Jul 2019Seed$1.1M
Investors
Breakaway Growth, Bynd Venture Capital, Portugal Ventures, Google Assistant Investments, Alexa Fund, Sisu
#6
Funding Raised · Braga, Braga District · founded 2018 · 21 employees
—raised
▾

Blockchain-based esports tournament platform. The company is hosting a blockchain-based CS: GO game. It allows players to monetize their gaming skills through rewards based on NFTs and DeFi technology.

Investors
RR2 Capital, Vysyn, Extrawatts, AU21 Capital, Moonrockcapital, Spark Digital Capital
Tech stack
Chakra UiCloudflareCloudflare Browser InsightsCrisp Live ChatEmotionGoogle Analytics
#7
Seed · Lisbon, Lisbon · founded 2017 · 7 employees
—raised
▾

Emotai provides headband to track brain waves. Users are supposed to wear the headband while gaming, the band then analyses the user's brain wave activity and help him identify mental state during the activity and improve performance. Through an application, the performance between multiple gameplays can be observed and the user can compare data to plan his performance levels.

Funding rounds
  • Apr 2018Seed—
Founders & team
Carolina AmorimCo-Founder & CEO
Investors
Brinc, Techstars, Startup Lisboa, Artesian, Startup Porto Accelerator, Faber
Tech stack
AmpApache Http ServerCloudflareCloudflare Bot ManagementOpen GraphPwa
#8
Public · Lisbon, Lisbon · founded 2013 · 8 employees
—raised
▾

Bica Studios is a Portugese Mobile Games developer focusing on Casual Games. They received seed funding in March 2015 to finalize and release their first game (as of November 2015) - Smash Time - a casual mobile game that involves smashing monsters.

Funding rounds
  • Mar 2015Seed—
Founders & team
Nuno FolhadelaCEO & Co-FounderMiguel TomasCTO & Co-Founder
Investors
Portugal Ventures, Startup Lisboa
Tech stack
CloudflareCloudflare Browser InsightsFancyboxFunding ChoicesGeneratepressGoogle Adsense

Funding & investor landscape

$29.9Mtotal disclosed funding
5companies funded
3disclosed rounds
0rounds last 90 days
Most active investors
Portugal Ventures3 rounds
Startup Lisboa3 rounds
Startup Porto Accelerator2 rounds
Vysyn2 rounds
Wiki-ai.net2 rounds
4SV1 rounds
AU21 Capital1 rounds
Acheron Capital1 rounds
Alexa Fund1 rounds
ArkStream Capital1 rounds

Notable founders

Omar Ghanem
Co-Founder & CEO · GAM3S.GG
Daniel Stockhaus
Co-Founder · GAM3S.GG
Carl Jones
CEO · Fight Out
Sergio Flores
Founder · Lunar Labs
Carolina Amorim
Co-Founder & CEO · EMOTAI
Nuno Folhadela
CEO & Co-Founder · Bica Studios
Miguel Tomas
CTO & Co-Founder · Bica Studios
Prism market signals · Portugal · country-scoped Prism corpus, 741,650 docs

Market landscape — 10 sub-themes by coverage

Share of Gaming coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Portugal

How research on Gaming Technology is moving in Portugal

A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 32 Portugal-affiliated papers.

top research entities
  • University of Lisbon5
  • Universidade Nova de Lisboa4
  • Universidade do Porto4
  • Instituto de Engenharia de Sistemas e Computadores Investigação e Desenvolvimento4
  • Instituto Politécnico de Tomar3
leading researchers
João Patrício · Maria Cristina Costa · António Manso · Rafael C. e Silva · Nuno Fachada · Diogo de Andrade · Nélio Códices · Rosaldo J. F. Rossetti
▲ Breakthroughs8 · 25%
0%→0% share
3 median citations38% since 2021mostly methods-led
Breakthroughs are cooling (0%→0% of field), led by Rendering (computer graphics).
rising sub-themes (early→recent)
  • Rendering (computer graphics)4
  • Augmented reality3
  • Set (abstract data type)3
  • Multimedia2
  • Game engine2
Landmark A Gamified Mobile Augmented Reality System for the Teaching of Astronomical Concepts · 22 cites
◆ Advancements20 · 62%
0%→0% share
4 median citations20% since 2021mostly methods-led
Advancements are cooling (0%→0% of field), led by Game engine.
rising sub-themes (early→recent)
  • Game engine10
  • Virtual reality5
  • Human–computer interaction5
  • Rendering (computer graphics)4
  • Plug-in2
Landmark A serious game with virtual reality for travel training with Autism Spectrum Disorder · 56 cites
▼ Concerns1 · 3%
0%→0% share
2 median citations0% since 2021mostly position pieces
Concerns are cooling (0%→0% of field), led by Virtual reality.
rising sub-themes (early→recent)
  • Virtual reality1
  • Frame (networking)1
  • Set (abstract data type)1
  • Human–computer interaction1
  • Game engine1
Landmark A-Frame as a Tool to Create Artistic Collective Installations in Virtual Reality · 2 cites
RESEARCH HOTSPOTS · Portugal

Where gaming tech is researched across Portugal

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Lisbon14 · +0.58
Hot · Game engineAdvancing · Human–computer interaction
Porto8 · +0.47
Hot · Human–computer interactionAdvancing · Game engineOpportunity · Rendering (computer graphics)

Common questions

How many Gaming companies are there in Portugal?
Radar tracks 43 indexable Gaming companies headquartered in Portugal that meet our profile-completeness bar.
What is the total funding raised by Gaming companies in Portugal?
The Gaming companies in Portugal on this list have raised a combined $29.9M in disclosed equity funding across 5 funded companies.
Which is the highest-funded Gaming company in Portugal?
KEK ENTERTAINMENT is the highest-funded Gaming company in Portugal, with $11M in disclosed equity funding.
How many Gaming companies in Portugal are funded?
5 of the 43 Gaming companies in Portugal on this list have disclosed at least one equity funding round.
How many Gaming unicorns are there in Portugal?
None of the Gaming companies in Portugal on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Portugal Gaming companies?
The most active investors in Portugal Gaming companies on this list include Portugal Ventures, Startup Lisboa, Startup Porto Accelerator, Vysyn, Wiki-ai.net.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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