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Top 40 B2B Startup Investors in Portugal (October 2026)

The most active venture capital funds and angel investors investing in Portugal B2B startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal B2B startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Caixa Capital
VC Fund
10 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Health Care $108k–$12M
Faber
VC Fund
8 Portugal, Germany, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $121k–$25M
Join Capital
VC Fund
6 Germany, United Kingdom, The Netherlands Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Manufacturing $1.1M–$27M
Shilling VC
VC Fund
5 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Armilar Venture Partners
VC Fund
5 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $520k–$17M
Portugal Ventures
VC Fund
4 Portugal, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
EQT Ventures
VC Fund
3 Sweden, Germany, United States Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $2.5M–$100M
Pathena
VC Fund
2 Portugal, Finland, Germany Seed, Series A, Venture - Series Unknown Health Care, Artificial Intelligence, Software $1.5M–$30M
Notion Capital
VC Fund
2 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.1M–$66M
Innovation Nest
VC Fund
2 Poland, United States, Germany Seed, Series A, Pre-Seed Software, SaaS, Information Technology $40k–$10M
Omnes Capital
VC Fund
2 France, Germany, United States Series A, Series B, Venture - Series Unknown Biotechnology, Software, Health Care $3.8M–$53M
Wefunder
VC Fund
1 United States, Kenya, France Seed, Pre-Seed, Equity Crowdfunding Software, SaaS, E-Commerce $51k–$2.5M
Ryan Petersen
Angel
1 United States, United Kingdom, India Seed, Series A, Series B Software, Information Technology, FinTech $1.5M–$62M
Terrence Rohan
Angel
1 United States, Sweden, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Internet $1.5M–$28M
Kevin Rose
Angel
1 United States, Canada, Germany Seed, Series A, Series B Mobile, Software, Internet $1M–$50M
Young Guo
Angel
1 United States, Portugal Seed, Series A Artificial Intelligence, Software, Machine Learning $1.5M–$5.5M
Augusta Investments
VC Fund
1 United States, Spain, Brazil Seed, Series A, Series B Software, Mobile, SaaS $770k–$45M
David Peterson
Angel
1 United States, India, Portugal Seed, Pre-Seed, Series B Internet, Software, Medical $1.5M–$2.5M
Elad Gil
Angel
1 United States, United Kingdom, Israel Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $2M–$117M
Demium Capital
VC Fund
1 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$3.1M
Adeyemi Ajao
Angel
1 United States, Spain, Chile Seed, Series A, Series B Software, SaaS, Artificial Intelligence $770k–$50M
LeadX Capital Partners
VC Fund
1 Germany, France, United Kingdom Seed, Pre-Seed, Series B Software, E-Commerce, SaaS $120k–$20M
Klau von Sayn-Wittgenstein
Angel
1 United States, Portugal Seed, Pre-Seed, Series A Artificial Intelligence, B2B, Internet $590k–$2.4M
Jared Fliesler
Angel
1 United States, Portugal Seed, Series A B2B, Apps, Big Data $1.4M–$1.5M
Pedro Rocha Vieira
Angel
1 Portugal Seed B2B, Software, Manufacturing
Roger Dickey
Angel
1 United States, Canada, Colombia Seed, Pre-Seed Software, Education, Artificial Intelligence $756k–$5M
Raymond Tonsing
Angel
1 United States, Canada, Japan Seed, Series A, Series B Software, Information Technology, Enterprise Software $1M–$115M
Investo
VC Fund
1 United States, Mexico, Chile Seed, Pre-Seed, Angel E-Commerce, Software, Financial Services $120k–$5M
Pitchdrive
VC Fund
1 Belgium, United Kingdom, Germany Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$4.8M
Errol Damelin
Angel
1 United Kingdom, United States, Israel Seed, Series A, Pre-Seed FinTech, Financial Services, Finance $535k–$47M
Isomer Capital
VC Fund
1 United Kingdom, United States, Austria Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $13k–$54M
Insight Ventures
VC Fund
1 Portugal, South Korea, United States Seed, Pre-Seed, Series B Manufacturing, B2B, Energy $768k–$33M
Francisco Lobo
Angel
1 Portugal Seed B2B, Software, Manufacturing
OW Ventures
VC Fund
1 Portugal Pre-Seed Software, Health Care, B2B $58k–$58k
EISMEA
VC Fund
1 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Software, Biotechnology $53k–$2.6M
Workday Ventures
VC Fund
1 United States, Canada, United Kingdom Series B, Series A, Series C Software, Artificial Intelligence, SaaS $8M–$200M
Curiosity VC
VC Fund
1 The Netherlands, Finland, Sweden Pre-Seed, Seed, Series A Artificial Intelligence, Software, Information Technology $793k–$11M
Rob Emrich
Angel
1 United States, Portugal Seed, Angel, Series A Software, Internet, Computer $650k–$1.8M
Henrique Castro
Angel
1 Portugal, United States Seed SaaS, Software, B2B $1.1M–$2M
CapitalT
VC Fund
1 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $585k–$11M
Access all 75 investors in Portugal B2B startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 10 investments in Portugal B2B startups

Caixa Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity.Caixa Capital´s mission is to invest in fundsand companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.Currently with more than 700 million Euros under management and a portfolio of over 80 investments, Caixa Capital is a reference in this area with special links to the respective European sector associations.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 90
  • Round size: Seed $111k–$3M; Pre-Seed $108k–$1.7M; Series A $3M–$12M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Growappy — Growappy is an EdTech that offers an all-in-one platform for early education that is leading a vision to unlock personalized education since nursery with the power of AI, while providing a revolutionary communication experience between schools and families and drastically simplifying bureaucracy for teachers and school owners.
  • Noxus — At Spot, we're crafting the operating system for tomorrow's workforce, harnessing AI to streamline influencer marketing. Our platform empowers agencies, businesses, and content creators to collaborate effectively and reach audiences with ease.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 8 investments in Portugal B2B startups, 7 in the past 12 months

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Germany, United Kingdom

Investor stats

  • Total investments: 100
  • Round size: Seed $595k–$5.2M; Pre-Seed $121k–$3M; Series A $2.5M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $34M in 2024

Portfolio highlights

  • Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
  • Helix Robotics — We are building the first commercial soft manipulator
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
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Join Capital
VC Fund · Berlin, Berlin, Germany · 6 investments in Portugal B2B startups

JOIN Capital is an early stage VC focused on Seed and Series A investments in Industry 4.0 and enterprise tech. Our portfolio companies are front and center at factories, delivering smart machinery and robotics for high-volume manufacturing. They’re behind the scenes with powerful algorithms for managing global production systems. They rethink andrewire essential processes, with the goal of maximizing human capabilities. We invest in technologies related to core business functions: operations, manufacturing, data analytics, supply chain and software development. We seek innovative solutions to real customer problems that have achieved product-market fit. Technologies we invest in include: machine learning, robotics, cloud computing, IoT, smart sensors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 56
  • Round size: Seed $1.1M–$9.5M; Series A $5.1M–$27M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • TERASi — Scalable hardware for 6G and beyond.
  • enclaive — Experience the strength of confidential cloud computing with Enclaive.io. Elevate your company's security and performance in the most fortified cloud ecosystem. Unlock unparalleled confidentiality with our secure compute environments.
  • HyImpulse Technologies — HyImpulse develops dedicated sub-orbital and orbital launch services using hybrid propulsion-based launch vehicles. Their SR75 is a single stage sounding rocket using a hybrid rocket engine to deliver institutional and commercial experiments into a micro gravity environment during a suborbital flight.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal B2B startups

Shilling is an early-stage venture capital firm backing exceptional founders from the start.Shilling invests in a wide range of verticals and seeks out the biggest opportunities across all B2B and consumer categories. Leveraging the concept of Founder LPs, Shilling brings much more than capital and offers through its Shilling Platform, directaccess to successful founders and executives of leading companies. This platform supports entrepreneurs in validating and developing their ventures, which then accelerate their growth into global markets.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 119
  • Round size: Seed $274k–$5M; Pre-Seed $125k–$3M; Series A $5M–$20M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — raised $49M in 2024

Portfolio highlights

  • Tucuvi — Tucuvi is a health technology company unlocking efficient and high-quality healthcare at scale with a CE-marked platform for Phone Consultation Automation. We develop safe and clinically validated Conversational AI for any care pathway, enabling clinical teams to augment their capacities, improve processes’ efficiency and efficacy, and achievebetter patient outcomes and satisfaction through continuous and personalized care.
  • Balance — Balance is a private digital health company based in Spain that operates in the clinics and outpatient healthcare services sector. company's core mission is to provide an integrated, medical, and sustainable approach to treating obesity and overweight conditions. Moving away from traditional restrictive diets, the company leverages asubscription-based telehealth model combined with clinical pharmacology.
  • Punto Health — AI-powered digital platform for management of Alzheimer's and other dementias.
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal B2B startups

Armilar Venture Partners is Portugal's leading venture capitalist. An independent VC with a 20-year-old history, a high-performance track record and an international footprint, Armilar is a deep-tech investor in ICT, HealthTech and CleanTech.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 118
  • Round size: Seed $520k–$3.9M; Series A $4M–$17M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $138M in 2025

Portfolio highlights

  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • Usawa Care — Usawa is a free digital pediatrician clinic in Portugal. Talk to pediatricians via WhatsApp and get guidance for your child's health.
  • DOJO AI — The only tool you need to grow your Brand.
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Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 4 investments in Portugal B2B startups

Verticals:Enterprise, SaaS, Security, Networks, AI, VR/AR, Marketplace, Blockchain, Internet of Things, New materials, Electronics, Robotics, Cleantech, Agrotech, Seatech, Therapeutics, Digital Health, Diagnostics, Innovative Accommodation, Tourist Entertainment Companies, Tour Operators, Wine, Nautical and Equestrian Tourism, Theme ParksMobile, Robotics Founded in 2012, Portugal Ventures is a venture capital firm based in Porto, Portugal. The firm is a part of the Banco Português de Fomento group. The firm seeks to invest in pre-seed, seed and series A stages

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 386
  • Round size: Seed $121k–$1.9M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Aptoide — Find, discover and download the best apps and games for Android in the official Aptoide app store
  • Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
  • Outgoing — A ticketing tool that allows organizers to sell tickets directly on WhatsApp and Instagram. Users can purchase tickets through a personalized checkout process entirely within the chat, without registration or redirects. It also offers customer support that answers questions in real time.
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EQT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Portugal B2B startups, 16 in the past 12 months

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 303
  • Round size: Seed $2.5M–$14M; Series A $6M–$44M; Series B $15M–$100M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Fly.io — Build fast. Run any code fearlessly.
  • Biolevate — Elevate human : Accelerating life sciences, empowering people
  • Flow Engineering — Flow Engineering develops AI-powered systems engineering software for requirements management, validation, and hardware design workflows.
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Pathena
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal B2B startups

Pathena is an investment firm engaged on boosting the success of information technology and digital biomedical companies.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Portugal, Finland, Germany

Investor stats

  • Total investments: 17
  • Round size: Seed $1.5M–$3.7M; Series A $2.7M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — raised $74M in 2013

Portfolio highlights

  • Promptly — Health Analytics Patient Report Outcomes, Health Care, Value based health
  • Healthplus.ai — Healthplus.ai enables surgical care professionals to be more proactive towardcs patients, care and outcome; predicting infections before they are normally diagnosed.
  • NVision Quantum Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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Notion Capital
VC Fund · London, England, United Kingdom · 2 investments in Portugal B2B startups

Notion Capital is a VC firm focused on European SaaS and Cloud.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 291
  • Round size: Seed $1.1M–$8.1M; Series A $4.5M–$28M; Series B $7M–$66M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $130M in 2025

Portfolio highlights

  • Volo Commerce — Volo brings together data and intelligence from all over the commerce ecosystem and uses AI to provide real-time actionable insights.
  • FSH Technologies (formerly Contenda) — Contenda helps repurpose old content into a new engagement. It contextually identifies content's key topics and spins it into the proper format for an audience to discover.
  • Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
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Innovation Nest
VC Fund · Kraków, Malopolskie, Poland · 2 investments in Portugal B2B startups

Innovation Nest invest in early stage B2B SaaS startups from Europe and help them grow from local to global using our network of contacts and strong in-house competencies. It strongly believes that the path to growth leads through Silicon Valley and strongly encourage our portfolio startups to set up presence there. The company supports high-techcompanies to grow faster and scale their business globally.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United States, Germany

Investor stats

  • Total investments: 90
  • Round size: Seed $40k–$3.2M; Pre-Seed $100k–$776k; Series A $4.5M–$10M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2011

Portfolio highlights

  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
  • AI Clearing — AI-powered platform for construction progress tracking and quality control, supporting contractors and asset owners in energy, utilities, infrastructure, and civil construction projects.
  • Meisterwerk — Meisterwerk provides a SaaS operating system for SMB field service and craftsman companies. They offer services that include operational planning, mobile time tracking, digital forms, information exchange, and their own workflows. Meisterwerk helps to communicate between the office and the workforce.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Omnes Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Portugal B2B startups

Omnes Capital takes a unique approach to renewable energy, transforming developers into independent power producers to provide green energy to millions.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 186
  • Round size: Series A $4.3M–$41M; Series B $4.4M–$53M; Venture - Series Unknown $3.8M–$46M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely actively investing — fresh fund, raised $132M in 2025

Portfolio highlights

  • Adictiz — Adictiz, a French company founded in 2009 by Charles Christory, develops and publishes social games for the web and mobile phones.With successful brands including “Space Dog” and “What a Stupid Pigeon”, which attract close to 2.5 million players every month, Adictiz has established itself as an expert player in social and mobile gaming.Basedat the EuraTechnologies economic excellence hub in Lille, which is dedicated to serving information and communication technology companies, Adictiz set up Adictiz Studio in late 2011, which specialises in the creation of customised social games for brands. Adictiz Studio was recently selected by Facebook as a PMD (Preferred Marketing Developer).
  • Complix — Complix is a biopharmaceutical company focused on the discovery and development of Alphabodiesâ„¢, a novel class of biopharmaceuticals that offer significant advantages over existing protein based therapies. Alphabodiesâ„¢ bind with high affinity to a wide range of disease targets and are particularly suited to address certain targets that aredifficult to reach with antibodies or other types of protein scaffolds. Due to their unique stability and versatility Alphabodiesâ„¢ can be delivered via alternative non-injectable routes of administration, unlike most therapeutic proteins.
  • EnduroSat — Enabling profitable LEO satellite constellations with standardized satellites and fixed-cost space service. 100+ satellites deployed to orbit
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Wefunder
VC Fund · San Francisco, California, United States · 1 investments in Portugal B2B startups

Wefunder is a crowd investing platform that offers capital raising services. The company's online platform offers investment services to startups through its investors' userbase and disruptive companies can receive amount as small as hundred dollars, enabling companies to grow and develop their businesses.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 99
  • Round size: Seed $200k–$2.5M; Pre-Seed $103k–$1M; Equity Crowdfunding $51k–$1M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $7.2M in 2024

Portfolio highlights

  • Kombuchery — Kombuchery is disrupting the beverage industry and becoming the leading DrinkTech player in Europe.
  • Trace — Trace is an orchestration engine that breaks down existing workflows, assigns repetitive tasks to AI agents and routes the rest to the right people.
  • Firesale — Firesale is an AI-powered resale marketplace built for people with too much stuff and zero time. Sellers record a 2-second video, and Firesale’s AI instantly generates the title, description, photos, and price. No typing, no pricing games, no endless messages — just tap, record, and sell. Designed to feel like a digital yard sale, Firesale makes iteffortless to turn clutter into cash locally, with Uber-powered pickup and delivery options.
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Ryan Petersen
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Ryan Petersen is the CEO and Founder of Flexport. Prior to starting Flexport to fix the user experience in global trade, Ryan was co-founder and CEO of ImportGenius.com, a data-as-a-service business for global shipping. He holds a degree in economics from the University of California, Berkeley and an MBA from Columbia University.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 71
  • Round size: Seed $1.5M–$8.5M; Series A $13M–$32M; Series B $25M–$62M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Nuvo — The only onboarding platform with native fraud prevention and automated credit risk assessment from a portfolio of credit risk insights.
  • Teleport — Teleport is ridesharing reimagined as a protocol. By distributing ownership and governance of the network, riders get cars cheaper and faster, drivers earn more, and entrepreneurs can innovate on top.
  • Little Umbrella — Future is Fun with Social & AI Games. At Little Umbrella, we create AI-powered games that deliver immersive experiences, bringing families, friends, and communities closer together. Proudly serving a growing community of over 30 million players
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Terrence Rohan
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Terrence Rohan is a seed investor and the Managing Director of Otherwise. Terrence's seed investments include Figma, Front, Notion, Hugging Face, Granola, Vanta, and Robinhood, among others. Forbes has ranked him as part of the Midas Brink list, and Business Insider has named him one of the top seed investors.Terrence was at Index Venturesfor seven years. While at Index, he co-created and eventually led Index’s first Seed Fund and then incubated the firm’s inaugural Founder-Angel Fund, which he served as General Partner and Co-Founder. He launched Otherwise, a novel Founder-Angel Fund inspired by the one he created for Index.Before becoming an investor, Terrence held various roles in product marketing and development at Google and YouTube.Terrence holds an MS in Management from Stanford University's Graduate School of Business, an MS in Philosophy from The London School of Economics and Political Science, and a BA in Philosophy from Colgate University.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Canada

Investor stats

  • Total investments: 82
  • Round size: Seed $1.9M–$14M; Pre-Seed $1.5M–$3M; Series A $3M–$28M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Interfere — The self-healing layer of the internet
  • The Clearing Company — A new kind of prediction market.
  • The Sentience Company — Sentience is humanity's first platform for uploaded consciousness. Our mission is to create AI that emulates and scales real human minds.
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Kevin Rose
Angel · New York, New York, United States · 1 investments in Portugal B2B startups

Kevin Rose is the Co-Founder and CEO of PROOF. He previously worked at HODINKEE as a Board Of Directors. Kevin Rose attended the University of Nevada Las Vegas.

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Investment focus

  • Industry: Mobile, Software, Internet
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Germany

Investor stats

  • Total investments: 37
  • Round size: Seed $1M–$5.2M; Series A $1.4M–$18M; Series B $8.3M–$50M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • ClayStack — Multichain liquid staking platform that allows users to stake their assets, mint staking derivatives, and participate in DeFi.
  • Magic Spoon — Magic Spoon cereal is high-protein, low-sugar, keto-friendly, and gluten-free. Available in Cocoa, Frosted, Fruity, Blueberry, Peanut Butter, and Cinnamon.
  • Universe XYZ — Universe XYZ is an NFT platform that provides blockchain technology and cryptocurrency solutions for creating and distributing tokens.
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Young Guo
Angel · Beijing, Beijing, China · 1 investments in Portugal B2B startups

Young Guo is based out of Beijing and is the General Partner of IDG Capital Partners. Young previously worked at Soros Fund Management as a Executive management. Young Guo attended the Columbia Business School.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A
  • Geography: United States, Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $1.5M–$5.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Pony.ai — Pony.ai is a startup that builds full-stack autonomous driving solutions. It is a pioneer in autonomous mobility technologies and services across the US and China, spearheading public-facing Robotaxi pilots in both markets. Pony.ai is committed to creating a safe and sustainable mobility future by delivering autonomous mobility everywhere.Thecompany was founded by James Peng and Tiancheng Lou in 2016 and is headquartered in Fremont, California, United States.
  • Unbabel — Unbabel offers multilingual translation services in more than 30 languages to enhance your customer service experiences. Learn more about our language operation solutions!
  • uSens — 26DOF Hand Tracking and 6DOF SLAM solutions that is changing how we interact with technology, and bring augmented, virtual and mixed reality experiences to life.
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Augusta Investments
VC Fund · San Francisco, California, United States · 1 investments in Portugal B2B startups

Seed/Early Technology Investments

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Investment focus

  • Industry: Software, Mobile, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Brazil

Investor stats

  • Total investments: 37
  • Round size: Seed $770k–$3M; Series A $2.5M–$25M; Series B $3.6M–$45M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Rappi — Rappi is a consumer tech company that specializes in providing online delivery services. It connects consumers who want to purchase prepared foods, groceries, clothes, and virtually anything with independent contractors who can fulfill those needs. The company was founded in 2015 with its main offices in Bogota, Colombia.
  • Dropbox DocSend — Try our secure document sharing platform for free. Instantly know when documents are opened & what pages are read. Easy-to-use eSignatures.
  • Augusta Gold — Augusta Gold is an exploration and development company that is accelerating development of the Bullfrog Gold Project in Nevada. TSX: G; OTCQB: AUGG
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David Peterson
Angel · New Haven, Connecticut, United States · 1 investments in Portugal B2B startups

David Peterson is a entrepreneur, turned intrapreneur, former music executive, and adviser, to now serving as the Chief Operating Officer of WordAgents, again back to founder at WaysToCashFlow, Record Labelless, and co-founding the podcast We Tried, We Failed

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Investment focus

  • Industry: Internet, Software, Medical
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, India, Portugal

Investor stats

  • Total investments: 7
  • Round size: Seed $1.5M–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Commsor — Commsor is the world's only full-stack company, providing Community-Led companies with the software, resources, and education to unlock the full power of community.
  • Aqua Voice — Fast, accurate, and private speech-to-text for Mac, Windows, iPhone, and AI workflows.
  • Entourage AI — Entourage AI operates in the HealthTech sector, focusing on longevity and health span through AI-powered proteomics analysis. Its core offerings include the Proteomic Aging Clock, which compares biological age to chronological age; Organ Health analysis for specific wellness maps; and an AI Coach for tailored interventions to slow aging or preventdiseases like cancer and cardiovascular issues.
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Elad Gil
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups, 18 in the past 12 months

Elad Gil is the Co-Founder of Color Genomics. He previously worked at Twitter as a Vice President. Elad Gil attended the Massachusetts Institute of Technology.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 262
  • Round size: Seed $2M–$17M; Series A $9.5M–$50M; Series B $27M–$117M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • NavigateAI — An AI copilot for every person in the field. NavigateAI upskills and coaches your team, runs real-time quality control, manages the project in the background, and provides expert knowledge, instantly.
  • Socket — Socket fights vulnerabilities and provides visibility, defense-in-depth, and proactive supply chain protection for JavaScript, Python, and Go dependencies.
  • Cognition — Cognition develops artificial intelligence systems for software engineering and code automation. The company operates Devin, an AI software engineer that plans, writes, tests, debugs, and deploys code through integrated development workflows. Its platform works with existing development tools and codebases to support engineering tasks acrossapplication development, maintenance, and issue resolution. Cognition also provides tools that assist teams with system design, technical workflows, and collaborative coding processes. The company focuses on AI agents that automate repetitive engineering work while supporting software teams in managing complex development tasks.
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 1 investments in Portugal B2B startups

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Spain, Portugal, Poland

Investor stats

  • Total investments: 85
  • Round size: Seed $113k–$3.1M; Pre-Seed $110k–$574k
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $59M in 2020

Portfolio highlights

  • Rauda AI — Rauda is an artificial intelligence platform specialized in automating customer service with the best customer experience. Take a quantum leap in productivity, reduce costs and improve customer satisfaction with the power of generative artificial intelligence.
  • Aino — Aino is a location intelligence tool that enables businesses to analyze spatial data in just minutes. Aino saves hundreds of hours on data work for real estate, retail, urban planning, and geo-marketing companies.
  • Orbital Paradigm — Orbital Paradigm builds reusable vehicles that carry cargo to space and bring it back. Dedicated missions, any orbit, on your schedule. Based in Madrid.
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Adeyemi Ajao
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Adeyemi (“Ade”) is the Co-founder and Managing Partner of Base10 Partners. Before Base10, Ade had a successful career as an entrepreneur and investor.Ade was the co-founder and CEO of Tuenti (The “Spanish Facebook” which was acquired by Telefonica in 2010 for $100M), co-founder and CEO of Identified (“AI for HR” acquired by Workday in 2014) and afounding investor of Cabify (the largest ridesharing company in Latin America currently valued at over $1B). While at Workday, Ade led launch to Workday Ventures, the first fund focused on Applied AI for Enterprise Software and was VP of Technology Strategy.Ade is originally from Spain and half Nigerian. He holds an MBA from Stanford’s Graduate School of Business. He also holds a J.D. in Law and a M.S in Economics from Icade University in Spain and studied a certificate on Machine Learning at Stanford.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Chile

Investor stats

  • Total investments: 57
  • Round size: Seed $770k–$8M; Series A $5.2M–$32M; Series B $3.6M–$50M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Dropbox DocSend — Try our secure document sharing platform for free. Instantly know when documents are opened & what pages are read. Easy-to-use eSignatures.
  • StockGro — StockGro is a stock market advisory & research app trusted by 35M+ users. Get daily trade ideas with entry, exit & stop-loss from 150+ SEBI-registered analysts.
  • Job&Talent — Find and manage your workforce with AI-driven hiring, scheduling, and performance tools designed to increase productivity by up to 30%.
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LeadX Capital Partners
VC Fund · München, Bayern, Germany · 1 investments in Portugal B2B startups

Driving digital transformation of consumer industries. As a leading growth capital investor, we combine deep investment experience with commercial reach.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Germany, France, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $120k–$687k; Pre-Seed $120k–$678k; Series B $5.3M–$20M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Motatos — Motatos is an online retail store that offers a wide variety of food, beverages, and household products to customers.
  • Matsmart — Matsmart sells surplus food online. A major part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates or other reasons. During 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by KarlAndersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland. Long live the food!
  • Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.
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Klau von Sayn-Wittgenstein
Angel · Pacific Palisades, California, United States · 1 investments in Portugal B2B startups

Klau von Sayn-Wittgenstein

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Investment focus

  • Industry: Artificial Intelligence, B2B, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Portugal

Investor stats

  • Total investments: 7
  • Round size: Seed $590k–$2.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BabylonAI — BabylonAI develops analytics solutions for medium-sized computer vision teams.
  • Cekura AI — Cekura AI is an AI based Software Development firm offering Developer Tool to observe and test AI voice agents.
  • Framed Data — Here is an exclusive deal for Mattermark subscribers.
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Jared Fliesler
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Jared Fliesler

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Investment focus

  • Industry: B2B, Apps, Big Data
  • Stage:Seed, Series A
  • Geography: United States, Portugal

Investor stats

  • Total investments: 3
  • Round size: Seed $1.4M–$1.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Secret — Secret offers an online platform that enables users to share their personal secrets with other users anonymously. It owns and operates a mobile application that helps users to share and connect with friends. The company was founded in 2015 and is headquartered in San Francisco, California.
  • Unbabel — Unbabel offers multilingual translation services in more than 30 languages to enhance your customer service experiences. Learn more about our language operation solutions!
  • Locality — Locality does for local services what Kayak does for air travel. Locality shows consumers every service that’s available around them in a way that makes it easy to find the right one for them. Whether it’s finding the best yoga class in a new city or searching for a spontaneous mani-pedi near the office, Locality connects consumers to services foreveryday life, giving them the power to find services wherever they are, whenever they need information.
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Pedro Rocha Vieira
Angel · Lisbon, Lisboa, Portugal · 1 investments in Portugal B2B startups

Pedro Rocha Vieira is based out of Boston, Massachusetts and is the Co-Founder & Executive Chair of Beta-i. Pedro previously worked at LC Ventures as a Co-founder & Managing Partner. Pedro Rocha Vieira attended the Catholic University of Portugal.

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Investment focus

  • Industry: B2B, Software, Manufacturing
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Prodsmart — Prodsmart is real time process tracking for production lines and job shops.They turn any production line into a digital smart factory.
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Roger Dickey
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Roger Dickey is the Co-Founder & CEO of Made Renovation. He previously worked at Gigster as a Co-Founder & CEO. Roger Dickey attended the University of Illinois Urbana-Champaign.

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Investment focus

  • Industry: Software, Education, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, Colombia

Investor stats

  • Total investments: 23
  • Round size: Seed $1.1M–$5M; Pre-Seed $756k–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • howie — Howie is an AI calendar secretary for email, SMS, iMessage, Gmail, and Google Calendar. He books meetings, protects focus time, follows up, and handles reminders.
  • Double — Double is a software platform that helps users to build, automate, and analyze investment portfolio for retail investors.
  • Augment Markets — Buy and sell shares in private tech companies. Also private markets intelligence news: @TheAugmentPulse
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Raymond Tonsing
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Raymond Tonsing is a San Francisco based venture capitalist and entrepreneur. He founded Caffeinated Capital, an early stage venture capital firm, and now serves as its managing director. Raymond holds a bachelor's degree in Arts from University of Colorado Boulder.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Japan

Investor stats

  • Total investments: 117
  • Round size: Seed $1M–$11M; Series A $4.5M–$38M; Series B $20M–$115M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Friend — Your new roommate is waiting.
  • Blowfish — Blowfish detects and prevents fraud before any fraud occurs.
  • Merkle Manufactory — Merkle Manufactory is a software company contributing to the Farcaster protocol and working on clients.
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Investo
VC Fund · Mexico City, Distrito Federal, Mexico · 1 investments in Portugal B2B startups

We build tools for startup founders. We also invest in early-stage startups and acquire software products.

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Mexico, Chile

Investor stats

  • Total investments: 77
  • Round size: Seed $120k–$5M; Pre-Seed $120k–$2.2M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $100k in 2012

Portfolio highlights

  • Cuéntame — Cuéntame develops tools designed for employees' emotional wellbeing.
  • Holacasa — Holacasa te ayuda a conseguir tu hipoteca, comparando +11 bancos. Sin costo ni compromiso.
  • Cometa — Cometa provides technological and financial tools to increase access to quality education in Mexico and Latin America. Take off with the most recent developments in school administration. Maintain complete control over your reconciliation, billing, and operations.
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Portugal B2B startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, United Kingdom, Germany

Investor stats

  • Total investments: 93
  • Round size: Seed $1M–$4.8M; Pre-Seed $110k–$2.5M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • ORiS — ORiS (Orbital Recharge in Space) develops laser-based wireless power transmission to extend the autonomy of satellites, drones, and lunar habitats.
  • Backbone — AI platform for food & beverage quality teams. Connects standards, audits, supplier data, and customer requirements into one live picture. Automates the admin. Routes the right intelligence to the right person. Faster decisions, fewer blind spots.
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Errol Damelin
Angel · London, England, United Kingdom · 1 investments in Portugal B2B startups

Errol Damelin is the founder of Dust Road Ventures, a seed-stage investment firm investing in fintech, AI, health-tech, and enterprise software. He has made over 75 investments since 2011, almost all as first or second cheques. Before investing full-time he built three companies — Supply Chain Connect, Wonga, and Tide. Portfolio includes Wise(invested pre-revenue), Purplebricks (first investor), HiBob, K Health, Cleo AI, Earnin, Elliptic, Cazoo, Citymapper, YuLife, and Zoe. TechCrunch Founder of the Year (2010). Based in London. Originally from Klerksdorp, South Africa.Among the companies co-founded by Damelin are groundbreaking fintech company Wonga, and SME banking startup Tide. His early investments include Wise, Cazoo, Purplebricks, K Health, YuLife, Sure, Demyst, Zoe, Farewill, CityMapper, Modifi, UnBabel, Thimble, HiBob, Modifi, Elliptic, Lendingkart, and VivaReal. Using his own personal equity, Damelin continues to invest early on in the next generation of entrepreneurs so that he can help them succeed. He is not an institutional VC fund and does not maximize the assets under his management. He best describes his approach as Riding Shotgun.Damelin's success as a founder has been recognized by The Guardian, which named him Digital Entrepreneur of the Year in 2011; by Ernst and Young, which named him the UK's Entrepreneur of the Year in 2011 as well; and by TechCrunch, which named him Founder of the Year in 2010.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Israel

Investor stats

  • Total investments: 49
  • Round size: Seed $535k–$7.5M; Pre-Seed $698k–$3.8M; Series A $3.7M–$47M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Claimer — Claimer is a self-service application that gets credit claims done easily of money spent on research and development. Its platform empowers company owners and advisors to prepare their claims, without any specialist knowledge, no matter how big or small the claim. It also prepares and submits the amended tax return for free.Claimer was founded in2019 by Adam McCann and is headquartered in Croydon, United Kingdom.
  • Aurora — The speed of technology. The care and expertise of human experts. Welcome to the future of luxury lifestyle.
  • OurRitual — Couple Goals Made Possible. Relationship Support For Busy People, Practical Tools & Expert Feedback
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Isomer Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal B2B startups

Isomer's entrepreneurial approach accesses high-potential opportunities through limited partner investments in funds, company co-investments, and providing liquidity to firms and founders via secondary purchases.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Austria

Investor stats

  • Total investments: 33
  • Round size: Seed $13k–$2M; Series A $3.5M–$24M; Series B $15M–$54M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $125M in 2024

Portfolio highlights

  • Encord — Encord is the multimodal data layer for physical AI. Manage, curate, annotate, and align petabytes of data - from sensor streams to video to text. Trusted by 300+ AI teams including Woven by Toyota, AXA, UiPath, Zipline, and more.
  • Knowunity — Knowunity is the digital learning platform with summaries, study notes, presentations, answers, and more in one app.
  • Infinity Constellation — AI holdco that is focused on launching AI Service products into category defining companies https://t.co/BeuL2aR9AA
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Insight Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Portugal B2B startups

Insight Ventures build scalable business models that can be stand-alone or integrated into an already established company. Through agile construction methodologies, connections with startups, and extensive experience in building technology businesses, they have transformed traditional businesses into exponential companies.Since 2017, they havehelped companies of all sizes and sectors to build and scale innovative business models, generating exponential growth and changing the way they compete in the market.

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Investment focus

  • Industry: Manufacturing, B2B, Energy
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Portugal, South Korea, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $768k–$33M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Heaboo — Heaboo is a technological company focus on the R&D, manufacturing, and commercialization of a stand-alone and passive device capable to corrects the response time of the hot water supply in taps or shower mixers increasing the energy and water efficiency of the building. The company was founded in 2015 and is headquartered in Aveiro.
  • SocialTalk — SocialTalk helps discover the perfect influencers, manage influencers database, track and measure campaigns.
  • INEYE Pharma — INEYE Pharma engages in the development of polymer-based technologies for ocular applications. The company operates on a B2B strategy and caters to other pharmaceutical companies that operate in the ocular disease industry.
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Francisco Lobo
Angel · 1 investments in Portugal B2B startups

Francisco Lobo is an angel investor.

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Investment focus

  • Industry: B2B, Software, Manufacturing
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Prodsmart — Prodsmart is real time process tracking for production lines and job shops.They turn any production line into a digital smart factory.
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OW Ventures
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal B2B startups

OW Ventures is an investment group and an fund manager

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Investment focus

  • Industry: Software, Health Care, B2B
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $58k–$58k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Smashpro — Smashpro is a sports tech company that offers a digital marketplace and booking ecosystem for racket and field sports like padel, pickleball, and football.
  • upspeech — UpSpeech provides a software-as-a-service platform for speech-language pathologists and people receiving stuttering therapy. The platform analyzes uploaded speech recordings, detects and annotates disfluencies, and generates transcriptions and AI-assisted clinical reports. It also supports therapist-patient collaboration through exerciseassignments, practice recordings, feedback, and progress tracking. Organizations receive separate tenant environments with role-based access for therapists, patients, and administrators.
  • Intuitivo — Intuitivo handles the repetitive part. Teachers focus on what matters: teaching.
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EISMEA
VC Fund · 1 investments in Portugal B2B startups

Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3533
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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Workday Ventures
VC Fund · San Francisco, California, United States · 1 investments in Portugal B2B startups

Workday Ventures helps accelerate innovation by connecting next-generation enterprise technology companies with Workday, customers, and the broader community. Learn more

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 103
  • Round size: Series A $8M–$35M; Series B $20M–$50M; Series C $30M–$200M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $250M in 2018

Portfolio highlights

  • Auctor — Auctor is the AI-native system of action for software implementations. Unify pre-sales and delivery to deliver projects faster, with less rework.
  • Straiker — Security for agentic AI applications built from the ground up with fine-tuned models to protect and secure every layer of your agentic AI stack.
  • Sigma Computing — Sigma is the only BI analytics tool purpose-built for your cloud data warehouse. Uniquely scalable, with an experience you already know: the spreadsheet.
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Curiosity VC
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal B2B startups, 8 in the past 12 months

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: The Netherlands, Finland, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $793k–$5.8M; Pre-Seed $797k–$2.5M; Series A $7.3M–$11M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Duqu — Duqu provides short-term business financing by advancing money on outstanding business-to-business invoices.
  • Dawnguard — AI-native platform for fast cloud design and implementation.
  • display.dev — https://t.co/SF1T1dzqZc is the Google Drive for AI agents, the docs collaboration platform for humans and agents.
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Rob Emrich
Angel · Los Angeles, California, United States · 1 investments in Portugal B2B startups

Rob Emrich is based out of Los Angeles, California and is the Executive Chairman of Infillion. Rob Emrich previously served as the President of BLUX. Rob Emrich Graduated from the Ohio State University.

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Investment focus

  • Industry: Software, Internet, Computer
  • Stage:Seed, Angel, Series A
  • Geography: United States, Portugal

Investor stats

  • Total investments: 13
  • Round size: Seed $650k–$1.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • StatusPage — Keep users informed during incidents with Statuspage. Share real-time status updates, reduce support tickets, and build trust through transparency.
  • MotionSavvy — DropCatch.com helps you secure expiring domain names.
  • CoolChip Technologies — CoolChip Technologies, Inc. | 426 followers on LinkedIn. CoolChip Technologies, Inc. is the worldwide leader in Kinetic CoolingTM, a new product category based on disruptive technology that is transforming the electronics cooling industry. Solutions Powered by Kinetic CoolingTM offer unprecedented performance across acoustics, form factor, and cooling. By partnering with CoolChip, consumer electronics and enterprise manufacturers have the opportunity to unleash innovation and deliver next-generation products for their customers.
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Henrique Castro
Angel · San Francisco, California, United States · 1 investments in Portugal B2B startups

Previously, Henrique served as Chief Operating Officer of Yahoo! Inc. Additionally, he was elected to join the Board of Directors for Minneapolis-based retailer, Target Corp. on March 13, 2013. Henrique is a senior executive with 20+ years experience in leading companies such as Google, Dell and McKinsey, building, scaling and managing businessglobally.He is recognized by his knowledge of the Media, Internet, Telco/Tech, Retail, Consumer industries and has extensive experience as CEO/GM, CRO, Head of Strategy and Business Development, Sales & Marketing and Operations Lead.Henrique was formerly Google's President of Media, Mobile and Platforms Worldwide with full responsibility $5bn+ full P&L of Google's TV Ads, YouTube Ads, Google Display Network, Mobile Ads, AdMob, AdExchange and DoubleClick business globally. He built and scaled the Display, Mobile and Platforms Business from scratch to turn them it into #1 digital business globally with multi-billion dollar revenue and 2000+ people. In this position he lead the team to launch operations in 40+ countries, hired 1000+ people, acquired and integrated Google’s two largest acquisitions.Prior to this position Henrique lead European Sales & Media Solutions and Sales Operations for Google Europe.Before Google, Henrique was Sales & Business Development Director for Dell Western Europe Region where he managed sales and operations across 9 countries for all B2B businesses with revenues of $2+bn and 30%+ growth.Early in career Henrique worked for ABB- Asea Brown Boveri in Corporate/Project Finance and in the Private Equity.Henrique holds a MBA from IMD and MSc in Economics/Business Administration from ISEG. He is fluent in English, Italian, French, Spanish and Portuguese.Henrique is also a Board Director of the IAB - Interactive Advertising Bureau – The as industry association, that comprises 500+ leading media and technology companies, to set the agenda to educate marketeers, agencies, media companies and regulators on Interactive Advertising.

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Investment focus

  • Industry: SaaS, Software, B2B
  • Stage:Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Do — Do offers a platform that works as one place for all the notes, presentations, docs, and all other collateral to live together. The company gives the user the tools to frame the discussion, ensure things get done, and make decisions clear.
  • Codacy — Codacy is an automated code review tool that helps developers to save time in code reviews and to tackle technical debt efficiently. Developers spend 10%-20% of their time reviewing code. Gartner estimates the global technical debt to grow to $1 Trillion by 2015. Codacy tracks new issues by severity level for every commit and pull requestand allows a hassle free customization of static analysis It provides advanced code metrics on the health of a project and on the performance of teams.
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal B2B startups

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: The Netherlands, United Kingdom, Sweden

Investor stats

  • Total investments: 41
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3.7M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely actively investing — fresh fund, raised $58M in 2025

Portfolio highlights

  • Xylo — Xylo offers higher quality processes with full officer oversight, reducing planning uncertainty and boosting UK housing delivery.
  • Overstory — Overstory combines AI and advanced satellite imagery to help electric utilities pinpoint and prioritize vegetation risks before they materialize. With Overstory's vegetation intelligence, transmission and distribution operators can make smarter decisions about the vegetation around their power corridors, optimizing resources and improvingoperational efficiency. This helps prevent outages, reduce wildfire risks, and accelerate the transition to a safer, more resilient grid.
  • New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
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B2B Investor funding in Portugal at a glance

Stats across 47 deals from 75 investors.

75
investors
in Portugal B2B startups
47
deals
in Portugal B2B startups
$2.5M
median round
in Portugal B2B startups
29%
lead investors
lead at least one round
30%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 75 investors in Portugal B2B startups.

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