InRes 2014 Startup: Followprice

Portugal Ventures Announces Investment on Followprice

 

followprice  Followprice, which has been linked with the CMU Portugal Program by benefitting from the inRes 2014, will receive an investment from Portugal Ventures, a Portuguese venture capital and private equity firm.

Portugal Ventures recently announced the name of the three new tech-based startups that will receive investment: Followprice, Invine and Moodoptic. The projects chosen for investment will benefit from the advice of specialists, preferably international experts, with a vast experience and an extensive network of relevant contacts. These projects may also be given the opportunity to be incubated and accelerated at the centers for the Portuguese entrepreneurship ecosystem in San Francisco (Silicon Valley), “Portugal Ventures in the Bay,” Boston, "Portugal Ventures in Boston" and Austin.

Gonçalo Mendes and Vasco Moreira, co-founders of Followprice, state “we have been travelling down a road, full of energy, drive and a lot of ambition, over the last 12 months". As João Leitão, co-founder of Followprice, said “the objective is to transform the Followprice button in a must-have thing in every online shop in the world."To accomplish this goal, “we need to have the right tools that will allow us to grow, by improving our product and to make it unique and attractive not only for online stores, but to all the users,” says Vasco Moreira.

 2014 inRes Immersion in the US at Tech 50 Awards 

As João Leitão, co-founder of Followprice, said “the objective is to transform the Followprice button in a must-have thing in every online shop in the world." To accomplish this goal, “we need to have the right tools that will allow us to grow, by improving our product and to make it unique and attractive not only for online stores, but to all the users,” says Vasco Moreira.

“The process that led to the investment was obviously full of challenges and the opportunity to participate in the acceleration program inRes 2014, promoted by the CMU Portugal Program, was a valuable contribution for the definition and clarification of the objectives and for the necessary approach to accomplish this striking objective,“ explains Vasco Moreira. Vasco Moreira and Gonçalo Mendes benefited from the inRes 2014 edition, which combined a period of training in Portugal followed by seven weeks of immersion in Pittsburgh, anchored at Carnegie Mellon University, in the United States. “We had the pleasure to participate in numerous workshops with experts in the field of startups development and, even more important, we had mentoring from recognized professionals with a vast experience in the area,” says Vasco Moreira. “We went on this inRes 2014 journey with six more young Portuguese entrepreneurs that had the ambition to leave a footprint in Portugal and all over the world!”

The Call For Entrepreneurship is the entry point to the Ignition Programme, an initiative spearheaded by Portugal Ventures, which is an integral part of the +e+i Programme (more entrepreneurship, more innovation). The main goal of this program is to boost the Portuguese technology-based entrepreneurship ecosystem, thus contributing to the development of a more modern and competitive economy, opened to the world, based on knowledge, innovation and highly qualified human capital, with a strong entrepreneurial spirit. 

February 2015