10 Power Players From Europe’s Thriving Tech Scene

This past month, investment fund Atomico and Invest Europe released their State of European tech report, highlighting the region’s growth and global potential.

According to the report, since 2015 tech startups in the region have raised a cumulative $426 billion, which is ten times the amount raised in the prior decade. 

Furthermore, Europe has become a leader on the global stage for funding, with its greater than 35,000 startups, more than any other region. Ecosystems like those in Paris, London and Berlin are today among the world’s very top innovation centers.

Investors are predicting continued growth for the region in 2025. Ever-driven, European startups are poised to continue to have success in the year ahead.  

With this in mind, let’s look at Portugal Startups’ Tech in Europe Power List for 2025.

Adway   

Adway, headquartered in Sweden, provides automated HR workflows through its software, which enables companies to reduce hiring costs and diversify talent pools. In fact, in 2022 the company raised €10 million in its Series A funding round.

Adrian McDonald, the company’s CEO, believes great people are the key to organizations. His mission is to simplify and optimize talent acquisition by automating social recruitment marketing, and leveraging advertising, automation, and advanced machine learning.

Sim Local

Sim Local, headquartered in Dublin and London, is a global leader in eSIMs and was recently named by Deloitte as one of top 50 fastest growing companies this past year.

Killian Whelan, the company’s CEO, founded the company in 2011 and today the company is in over 100 airports worldwide. Sim Local has helped with more than 3.5M connections, and is partnered with Lyca Mobile and EE, among other global enterprises. 

Codelions

Codelions, headquartered in Ukraine, is a tech startup dedicated to the art of product development, and works across industries, from sports tech to cosmetics.

Led by Volo Dudas, the company is committed to its clients’ projects and strive for excellence in its technologies. Their work includes drafting and analyzing new requirements, technical consulting, and software solution implementation.

SQream

SQream, founded in Israel, is a pioneering AI and ML company working with semiconductors, among other industries, that implements NVIDIA’s GPU technology to revolutionize data processing. The company’s native SQL on GPU solutions minimize processing times and costs across industries like manufacturing, finance, and advertising. 

Among its products are the no-code solution for SMBs Panoply, the SQreamDB SQL database, and the cloud lakehouse SQream Blue. 

Innovatrics

Innovatrics, headquartered in the EU, offers multifaceted biometric solutions trusted by governments and enterprises globally. The company’s algorithms consistently rank among the fastest and the most accurate for fingerprint and face recognition.

Overseeen by Slovakia-based CEO Jan Lunter, the company aspires to create a world where physical frisking is unnecessary, paperwork is obsolete, and identity confirmation is organic. A world that embodies instant trust. 

Trapets

Swedish tech enterprise Trapets, was started in 2000 and focuses on financial crime prevention, offering anti-money laundering, know-your-customer, and market surveillance solutions. 

The company’s work culminated in receiving the award AIFinTech100 as one of the most innovative companies developing AI technologies in finTech. Gabriella Bussien, the company’s CEO, is leading Trapets’ continued growth through innovative solutions to help organizations detect, prevent, and fight financial crime.

Barkibu

Barkibu, headquartered in Spain, is a deep tech startup offering a range of pet health services. The company’s solutions include a subscription for consultations with veterinarians and pet insurance to cover costs, and an AI-powered framework that can diagnose and eventually improve pet health.

Barkibu looks to empathize with its customers and offer more than just pet insurance. Its service covers all visits, tests, and treatments a pet needs in case of accident or illness. 

Trickest

Trickest, founded in Serbia, is an offensive security orchestration startup that has rapidly gained recognition for its innovative approach to cybersecurity. The company enables organizations to orchestrate elite adversarial emulations by providing a SaaS platform that empowers security professionals to automate and streamline offensive security operations. 

Nenad Zaric is the former white-hat hacker-turned-CEO of Trickest. With the company, he redirected his expertise toward empowering companies through automated attack simulations.

Fracttal

Fracttal, headquartered in Spain, is at the forefront of maintenance and asset management. Its cloud-based solution, Fracttal One, leverages cutting-edge technology, including Artificial Intelligence, to empower businesses.

The company, which earlier raised its €10 million funding round, has a client list that includes European heavyweights like Chupa Chups, NEFAB, and OTIS.

QuickBlox

Quickblox, founded in England, is a cloud-based AI platform that enables businesses to create their real-time communication apps efficiently. 

Led by founder Nate MacLeitch, QuickBlox provides a streamlined solution for businesses to deliver a user experience comparable to leading communication apps like WhatsApp and Zoom. The platform’s cross-platform compatibility, supporting iOS, Android, Flutter, Web/Desktop, and other platforms, enables businesses to unify their user base and connect easily.