InnoTech turns over €2M

The Portuguese startup Innotech which was founded during the 2020 lockdown crisis has turned over €2 million in just two years and is looking to take on 120 qualified staff.

The company enjoyed a 960% growth on 2020 when its turnover was €188,000. In 2021 InnoTech hired 120 professionals with specialised technical skills, particularly software and web engineers, mobile developers, devops, database administrators and back office to maintain the existing connection with the team and clients.
By the end of March the company will move from its present headquarters on Lisbon’s Avenida 5 de Outubro to Picoas Plaza and an office that is five times the area of its present premises, to reflect its growth.
InnoTech plans to expand to the north of Portugal and then springboard to the Benelux and Middle East.
The tech consultancy supplies ‘PeopleTech’ (high-performance squads), NearTech (remote software factories), Cybertech (Cybersecurity solutions), and Crowd Testing (testing applications for real users in a ‘as a service model’ and has clients such as Worten (an electronic and domestic appliance retailer), SIBS (a payments processing and ATM company), BPI (a bank), among others.