Shield, the Israeli technology company focused on financial compliance, is opening a research and development centre in Lisbon that is expected to have a headcount of 20 by the end of the year.
Commenting on the move, Ofir Shabtai, co-founder and CTO of Shield, said: “Shield is a fast growing company. Portugal is one of our strategic initiatives for the coming years. We are eager to hire the best talent Europe has to offer, and we believe much of that talent currently resides in Portugal”.
Nuno Hortênsio, Shield’s country manager, added: “We chose Portugal for the quality of the technological talent that exists. It is a country with a lot of potential, not only because of good universities and good professionals, but also because of its thriving technological and business ecosystem, which has already produced unicorns and startups worth billions of dollars, and the international investment it is attracting”.
In January, Shield closed a $15 million Series A funding round, led by Macquarie Capital and OurCrowd, with significant participation from Mindset Ventures, to finance expansion and platform development.
Source: Dinheiro Vivo / Eco