Portuguese startup proGrow has raised €2 million in fresh funding, led by Touro Capital Partners, to accelerate the launch of its new industrial platform—proGrow 3.0. The revamped version will be easier to install, compatible with any industrial machine, and specially tailored to the needs of SMEs. It will also leverage AI to detect anomalies, predict failures, and deliver real-time insights for better factory-floor decision-making.
With this round, proGrow’s total funding climbs to €6.2 million, backed by investors including Lince Capital, HCapital Partners, and Portugal Ventures. Based in Matosinhos, the 24-person team operates under a hybrid model and plans targeted hiring in software development, international sales, and tech support.
Already gaining traction in Spain—where over 60% of its business development effort is concentrated—proGrow now sets its sights on further European expansion, particularly in Italy and the UK.
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