Bridge In wins €100,000 in pre-seed financing
Bridge In, a Portuguese startup which attracts technology companies to Portugal, has won a pre-seed €100,000 venture investment from a British investors.
Bridge In is a platform that offers integrated services to companies that open technology centres on Portuguese territory.
The business is dedicated to helping tech startups scale through a team of experts and a strong partner network to guide startups in finding talent and expand their operations.
Founded in January 2020, the startup received its first investment in a pre-seed round. The investment which comes from a group of British investors, will enable Bridge In to set up a support network to help companies set up in the Portuguese market.
“We want to be an intermediary platform between startups and local partners. Our goal is to develop a marketplace for the companies segment which means turning a product into a process of discovery and manage the relationship between startups and local suppliers,” says startup co-founder Pedro Henriques.
Bridge In aims to stand apart from other platforms such as Lisbon Tech Guide which provides a package of services for international startups that open up offices in Portugal.
In times of pandemic, Bridge In says that companies, regardless of their size, will go in for decentralised teams which has advantages at a financial level and in terms of attracting a wider talent base.
Bridge In says it has become evident that there has been a talent deficit in the technology area which can cause a company to fail even when it has considerable financial resources.
Still in the development phase, the startup has a team of five working remotely from Lisbon. Henriques says that it is in very advanced negotiations to attract a Boston-based investment fund to Portugal in the third quarter of 2020.
Pedro Henriques is a business executive with over 13 years experience in creating, developing, restructuring and managing tech businesses into revenue and profit growth