Unicorns and Future Unicorns incubated at the University of Lisbon

Valerie Charoux
Nov 19, 2025
3 min read

Startup News Europe – The University of Lisbon led to the creation of startups worth over 18 billion euros, while all startups based in Lisbon are worth 24 billion euros, according to a report just published by Dealroom in November 2025. Here are the Unicorns, Future Unicorns and Rising Stars incubated at the University of Lisbon:

One out of four startups created in Lisbon are founded by alumni of the University of Lisbon since 2020, with over 1,000 startups representing 75% of Lisbon’s startup ecosystem value.

Alumni from the University of Lisbon have created startups in over 40 countries, including Unicorns Anchorage Digital, TEKEVER, Talkdesk and Outsystems, that made exits worth over 1 billion euros.

1 - Here are the Unicorns incubated by the University of Lisbon:

1 – Anchorage Digital

Anchorage Digital has a valuation of USD 3 billion and operates in the Fintech and Crypto market. It was launched in 2017 and has registered a 35% growth within the last 12 months.

2 – TEKEVER

TEKEVER has a valuation of USD 1.3 billion and operates in the Security and Robotics market. It was launched in 2001 and has registered 55% growth within the last 12 months.

3 – Talkdesk

Talkdesk has a valuation of USD 10.0 billion and operates in the Marketing software market. It was launched in 2011 and has registered 4% growth within the last 12 months.

4 – Outsystems

Outsystems has a valuation of USD 4.4 billion and operates in the Enterprise software market. It was launched in 2001 and has registered 4% growth within the last 12 months.

5 – Amboss

Amboss has a valuation of between USD 1.1 – 1.6 billion and operates in the Health Platform market. It was launched in 2012 and has registered 9% growth within the last 12 months.

2 – Here are the Future Unicorns incubated by the University of Lisbon:

1 – Distalmotion

Distalmotion has a valuation of nearly USD 900 million and operates in the Health and Robotics market. It was launched in 2011 and has registered 27% growth within the last 12 months.

2 – Cambrian BioPharma

Cambrian BioPharma has a valuation of nearly USD 600 million and operates in the Health Biotechnology market. It was launched in 2019 and has registered 4% growth within the last 12 months.

3 – Unbabel

Unbabel was sold to US company TransPerfect.

3 - Here are the Rising Stars incubated by the University of Lisbon:

1 – Bloq.it

Bloq.it is a tech Rising Star, meaning that it has a valuation of less than USD 200 million.

2 – BUSUP

BUSUP is a tech Rising Star, meaning that it has a valuation of less than USD 200 million.

3 – Stake

Stake is a tech Rising Star, meaning that it has a valuation of less than USD 200 million.

4 – Indie Campers

Indie Campers is a tech Rising Star, meaning that it has a valuation of less than USD 200 million.

5 – BHOUT

BHOUT is a tech Rising Star, meaning that it has a valuation of less than USD 200 million.