Best Healthcare Companies in Portugal
The 127 best Healthcare companies in Portugal in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: José de Mello Saúde.
Portugal's Healthcare sector has 127 companies on our radar, collectively holding $178M in disclosed equity funding, and the gap between the leaders and the pack is sharp. Bluepharma tops the list at $33M, Affidea sits just behind at $31M, and AceCann rounds out the upper tier at $15M. No unicorns yet, but the investor roster, EIC Fund, Portugal Ventures, Caixa Capital, tells you institutional appetite is real. Globally, the market crossed $2 trillion in 2020 and is tracking toward $2.6 trillion by 2025 at a 6.3% CAGR, driven by virtual touchpoints and shifting consumer expectations around care delivery.
So what's actually moving the needle this quarter? Median app installs across 53 healthcare apps are up roughly 16% year over year, which tells you patients aren't waiting for clinics to catch up. Hot themes in the sector right now cluster tightly around vaccine candidates and immunogenicity research, and if you track how AI is being threaded into care workflows alongside what patients are demanding from providers, the pressure on Portugal's startups to meet strict product safety compliance while scaling digitally becomes clearer. I'd watch the mid-tier closely here.
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Ranked: Best Healthcare companies in Portugal
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | actone ActOne offers software solutions concerning market research, data collection, multi-channel communication… | — | — | Acquired | 47 | 2009 | CKEditorPhusion PassengerApache HTTP Server+6 | — | — |
| 2 | ALS Molecular Manufacturer of in vitro medical diagnostic devices | — | — | Deadpooled | — | 2021 | — | — | — |
| 3 | anh-innovation Operator of a consulting company intended to help animal nutrition and health companies to design, develop… | — | — | Private | 2 | 2020 | — | — | — |
| 4 | AudicaoActiva Chain of pharmacies | — | — | Acquired | — | 2014 | WordPressApple iCloud MailMicrosoft 365+16 | — | 1 job opening |
| 5 | Base Holding Provider of medical diagnostic services. The company is engaged in clinical analyses, imaging… | — | — | Acquired | 1,500 | — | — | — | — |
| 6 | BHOUT Boxing Club Fitness studio offering a unique HIIT boxing workout experience | — | — | Funding Raised | 10 | 2019 | — | — | — |
| 7 | Bial Developer of pharmaceutical products for neurological and other therapeutic areas | — | — | Unfunded | 11 | 1924 | ContentfulApple iCloud MailNode.js+22 | — | — |
| 8 | Biocol Labs Manufacturer of plant based health essentials | — | — | Funding Raised | 33 | 1977 | Cart FunctionalityShopifyAnimate.css+35 | — | — |
Top 12 Healthcare companies in Portugal
#1
Acquired · Lisbon, Lisbon · founded 1995 · 11000 employees$30.9Mraised▾
Affidea (rebranded from Euromedic International) is a pan-European medical services provider specialising in diagnostic investigations, clinical laboratories and cancer treatment services. The company operates using the Public-Private Partnership model managing 157 wholly-owned medical centres. The company was formed after the acquisition of Elbit by GE Capital and Kleinwort Benson. It was rebranded to Affidea in 2015. The company claims to employ over 3,000 professionals, of which more than 570 are medical doctors. In 2008,Merrill Lynch Global Private Equity (MLGPE), Ares Life Sciences, Montagu Private Equity and Management jointly acquired Euromedic from Warburg Pincus and GE Capital Equity Investments.
#2
Series B · Coimbra, Coimbra District · founded 2001 · 750 employees$32.8Mraised▾
Operator of a pharmaceutical group of companies based in Coimbra, Portugal. The company specializes in the manufacturing, development and marketing of pharmaceutical drugs at competitive prices, improving the country's economic conditions and cost-effective access to healthcare.
#3
Seed · Lisbon, Lisbon · founded 2019$10.7Mraised▾
Manufacturer of fitness boxing bags
#4
Series A · Ilhavo, Aveiro District · founded 2015 · 8 employees$3.5Mraised▾
Developer of nuclear radiation sensors and equipment designed for research instrumentation and medical applications. The company's sensors and equipment include dosimeters and nuclear radiation monitoring systems featuring in-vivo and real-time patient dose tracking and radiation monitoring for prostate brachytherapy, enabling medical community to optimize cancer treatments and outcomes.
#5
Seed · Lisbon, Lisbon · founded 2019 · 9 employees$15Mraised▾
Producer of medical cannabis products intended to inspire patients to live healthy lives. The company's products are meticulously produced to pharmaceutical standards and are dedicated to the organic cultivation, processing, and extraction of premium medical cannabis, enabling patients to improve their lives through the sustainable development of high-quality and innovative medical cannabis products.
#6
Seed · Braga, Braga District · founded 2017 · 10 employees$992.8Kraised▾
Producer of medical adhesive technologies intended to prevent skin injuries, speed up healing and improve overall patient health. The company's safe, innovative and eco-conscious adhesive solution helps patients from skin damage, face pain, irritation, and infection by transforming how bandages, dressings, and medical devices are attached to the skin, enabling doctors to prevent medical adhesive-related skin Injuries and promoting patients' well-being.
#7
Late Stage · Carnaxide, Lisbon · founded 1945$56.6Mraised▾
Owner and operator of a healthcare company intended to provide daily basis healthcare and medical treatments in Portugal. The company's services provide medical research, clinical research, innovation, quality certification, medical training and other hospitality services, enabling patients to avail proper healthcare treatments and advices.
#8
Seed · Braga, Braga District · founded 2016$1.2Mraised▾
Criam is a medical technology startup developing a POC device based on a new methodology for blood phenotyping based on the plate test and on image processing techniques to determine the occurrence of agglutination (between blood sample and reagent). The company is targeting the device to address emergency response and lower the dependence on O-negative blood in critical care situations.
#9
Acquired · Lisbon, Lisbon · founded 1995 · 350 employees$23.1Mraised▾
Chain of dental clinics
#10
Series B · Lisbon, Lisbon · founded 2006 · 53 employees$2.2Mraised▾
Developer of blood testing technologies designed to shape the future of in-vitro diagnostic testing. The company's technologies use one small drop of blood and give results within fifteen minutes for multi-parameter test panels, enabling doctors to make the best possible diagnostic and treatment decisions when they are with their patients.
#11
Seed · Porto, Porto District · founded 2013 · 7 employees$482.8Kraised▾
Developer of pulsed laser technologies intended to improve the performance of femtosecond applications. The company develops laser products that cover different wavelength ranges, pulse durations, and repetition rates, are capable of measuring and controlling ultra-short laser pulses, and also offers custom laser building services, enabling industries to have access to laser systems to meet general and proprietary use cases.
#12
Funding Raised · Loures, Lisbon · founded 1959 · 155 employees—raised▾
Hovione is a CDMO with over 50+ years of experience in the development and manufacture of drug substances and drug product intermediates through their FDA inspected sites in the USA, China, Ireland and Portugal. Hovione's CDMO services for drug substances drug products include development, manufacturing and particle engineering services. For drug products, they offer development services for oral and inhaled dosage forms with a special focus on dry powder inhalation formulations (conventional carrier-based, neat (drug-alone) or composite particle formulations) and devices(TwinCaps and PowdAir). Hovione has capabilities for spray drying, hot melt extrusion, nanoparticles, co-crystals,wet-polishing, jet milling, spray congealing and inclusion complexes. They employ tools such as QbD, PAT, Britest and lean technologies for efficient process development. For generic companies, they offer API products and specialise in antibiotics, corticosteroids, macrolides, mectins and contrast media products.The company also owns a product portfolio of dermatology, ophthalmology and respiratory products which are known APIs formulated with Hovione's expertise in the form of topical gels, sterile oin
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Healthcare coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
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.