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Top 35 Biotechnology Startup Investors in Portugal (June 2026)

The most active venture capital funds and angel investors investing in Portugal Biotechnology startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Biotechnology startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Portugal Ventures
VC Fund
15 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $110k–$2.1M
Caixa Capital
VC Fund
6 Portugal, United States, Spain Seed, Series A Software, Information Technology, SaaS $120k–$12M
Bynd Venture Capital
VC Fund
4 Portugal, Spain, United States Seed, Series A, Pre-Seed Software, SaaS, Health Care $483k–$50M
Biovance Capital
VC Fund
3 Portugal, The Netherlands Seed, Series A Medical, Biotechnology, Product Research
Armilar Venture Partners
VC Fund
3 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$16M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Beta Capital
VC Fund
2 Portugal, United Kingdom Seed, Series A Health Care, Software, Biotechnology $476k–$3.1M
Critical Ventures
VC Fund
2 Portugal, United States Seed, Series A Medical, Computer, Genetics $1.2M–$13M
Bionova Capital
VC Fund
2 Portugal, United Kingdom Seed Biotechnology, Hospital, Health Care $329k–$1.7M
Scott MacMillan
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
Shilling VC
VC Fund
1 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Internet $208k–$20M
OrbiMed
VC Fund
1 United States, China, Israel Series B, Series A, Series C Biotechnology, Health Care, Medical $10M–$150M
StartUp Health
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed Health Care, Wellness, Medical $20k–$4M
InterCapital Group
VC Fund
1 Portugal Seed Biofuel, Biotechnology
Norrsken Evolve
VC Fund
1 Germany, United Kingdom, Spain Pre-Seed Software, Artificial Intelligence, CleanTech $250k–$4.1M
Invicta Angels
VC Fund
1 Portugal Seed Consulting, Bioinformatics, Artificial Intelligence
GED Ventures Portugal
VC Fund
1 Portugal, France, Germany Seed, Series B Health Care, Software, Medical $1.6M–$2.3M
Lince Capital
VC Fund
1 Portugal, United Kingdom, United States Seed, Series A E-Commerce, Health Care, Information Technology $1.1M–$16M
PINK LAND
VC Fund
1 Portugal Pre-Seed Industrial, Biotechnology
Artesian VC
VC Fund
1 Australia, United States, Hong Kong Seed, Series A, Pre-Seed Software, Artificial Intelligence, Health Care $40k–$15M
Boost VC
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Blockchain $100k–$6.6M
ChangePartners
VC Fund
1 Portugal Seed Medical, Therapeutics, Biotechnology
Michael Chang
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
Pathena
VC Fund
1 Portugal, Germany, The Netherlands Series A, Seed, Series C Health Care, B2B, Marketing $1.4M–$39M
Jeremy Hendon
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
Green Innovations
VC Fund
1 Portugal Series A Medical, Genetics, Health Care
Fairjourney Biologics
VC Fund
1 Portugal Corporate Round Biotechnology
WISENEXT
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, SaaS, Internet $165k–$1.6M
Pedro Lourenço
Angel
1 Portugal, United States Angel, Pre-Seed Consumer, Analytics, Insurance
Ganexa Capital
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed Fitness, Wellness, Health Care $478k–$2.7M
Iberis Capital
VC Fund
1 Portugal, United States, Spain Series A, Seed Information Technology, Software, SaaS $2.2M–$43M
Teak Capital
VC Fund
1 Malaysia, Portugal, United States Seed, Series D Baby, Biofuel, Children
InterCapital
VC Fund
1 United Kingdom, Portugal Seed SaaS, Human Resources, Biofuel
Nina Capital
VC Fund
1 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Software $573k–$22M
Social Impact Fund
VC Fund
1 Spain, Portugal, United States Seed, Debt Financing Apps, Video, Finance $942k–$2.5M
Access all 36 investors in Portugal Biotechnology startups.

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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 15 investments in Portugal Biotechnology 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, Pre-Seed
  • Geography: Portugal, United States, France

Investor stats

  • Total investments: 226
  • Round size: Seed $110k–$2.1M; Pre-Seed $110k–$658k
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • Azulfy — Real-time pollution monitoring for EU municipalities. Satellite-based environmental compliance tools for local governments and smart cities.
  • PLUTOS — We are here to make sure that your Puppy gets the best treat! PLUTOS were created specifically for dogs to have fun. Find out our dog healthy chews.
  • Hostels HUB — Hostels HUB is a hostel developer that is looking for opportunities both in city as leisure locations around Portugal.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 6 investments in Portugal Biotechnology 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, SaaS
  • Stage:Seed, Series A
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 67
  • Round size: Seed $120k–$2.5M; Series A $3M–$12M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
  • Movvo — The Movvo platform delivers smart business intelligence solutions for owners and operators of retail and commercial real estate that turns data into improved retail performance and better value engineering decisions. The platform combines consumer behaviour wireless sensor technology and digests other public and private datasets, enhancing theunderstanding of the data by applying machine learning to provide fast and easy interpretation of this data delivering insights and rapid scenario-planning. Whether it is measuring ROI or reporting KPI's, the Movvo platform has these bases covered. Where it comes into its own is via the application of machine learning Want to easily prepare a leasing pack that maximises the rental value, what to create additional incremental value from asset investment decisions, want to know the impact of changing the tenant from apparel retailer to food & beverage? The Movvo platform can deliver prescriptive intelligence and more.
  • Exogenus Therapeutics — Exogenus Therapeutics is engineering cell biology for innovative therapeutic solutions.Exo-T is a biotechnology company dedicated to the pre-clinical and clinical development of innovative cellular-based therapies applied to regenerative medicine, specifically for the skin lesions treatment. The company is presently developing its first product,Exo-Wound, for the treatment of chronic wounds.The project that led to the creation of the company (Nanoinspire) participated in COHiTEC 2014 program and is the result of the research developed in collaboration with Crioestaminal SA, Biocant, and Centre for Neurosciences and Cellular Biology of Coimbra University.
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 4 investments in Portugal Biotechnology startups, 7 in the past 12 months

Bynd is a leading Iberian Venture Capital firm

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Seed $483k–$5.3M; Pre-Seed $576k–$2.1M; Series A $5.5M–$50M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Pollen — Pollen is developing a universal battery-swapping network for mopeds and motorcycles, enabling riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and supporting efficient, scalable electric mobility in urban environments.
  • Wio Capital — Wio Capital is a wealthtech company that builds an AI-powered wealth management platform for financial advisors, offices, and bankers.
  • Spacebackend — Spacebackend is redefining how aerospace teams handle mission-critical integration. Our platform, Lynapse, is an AI-powered system integration environment designed for engineers-in-the-loop. We empower software integration and AIT/AIV teams to bridge the gap from hardware interface to flight-ready software - starting in the design phase andcontinuing through end-to-end integration.By decoupling software readiness from physical hardware and leveraging AI to automate the implementation of complex interfaces, we reduce integration effort from years to days. Lynapse uses AI to convert complex ICD documentation into digital models, automatically producing, testing, and validating platform-agnostic source code.Our workflow ensures every line of code is deterministic, engineer-approved, and fully traceable from documentation to deployment. Whether you are generating platform-agnostic code from scratch or validating existing flight software against a digital ICD model, Lynapse exposes failures and readiness gaps early - when it matters most. Build integration readiness today.
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Biovance Capital
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Biotechnology startups

Biovance Capital is a new € 51M fund to invest in early-stage biotech companies across Europe developing innovative therapeutics in all disease areas and drug modalities (small and large molecules, vaccines, cell, and gene therapies).

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Investment focus

  • Industry: Medical, Biotechnology, Product Research
  • Stage:Seed, Series A
  • Geography: Portugal, The Netherlands

Investor stats

  • Total investments: 4
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Laigo Bio — Laigo Bio uses E3 ligase internalization to precisely degrade membrane proteins linked to autoimmune and inflammatory disorders.
  • Mondego Bio — Headquartered in Portugal’s main biotech park, Biocant, Mondego Bio is developing best-in-class protein tyrosine phosphatase non-receptor type 2 (PTPN2) inhibitors, providing a potential immuno-oncological therapy with an improved safety and tolerability profile.
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Biotechnology 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: 102
  • Round size: Seed $500k–$4.8M; Series A $4M–$16M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $53M in 2019

Portfolio highlights

  • Equall — Equall offers legal AI systems to help companies and lawyers evaluate and control risk.
  • DOJO AI — Dojo AI is pioneering the Marketing Operating System (MOS) category, providing challenger brands with enterprise-grade marketing infrastructure. Its proprietary technology combines real-time market intelligence, specialized AI agents, and automated workflow orchestration in one unified platform.The Dojo MOS enables marketing teams to run theirentire operation - from market research and strategy to content creation and campaign execution - through a single, intelligent system. The platform features a proprietary graph engine for real-time market intelligence, marketing-specific language models, and autonomous AI agents trained for specialized marketing tasks.Built for challenger brands looking to compete more effectively, Dojo eliminates the need for multiple point solutions and reduces dependency on external agencies. The platform continuously learns and optimizes, providing companies with compounding advantages as they scale their marketing operations.
  • DareData
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Portugal Biotechnology startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Beta Capital
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal Biotechnology startups

We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Seed, Series A
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Seed $476k–$3.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zen8 — Explore Connected Swim Training at zwim.com. Smart Swim Trainer + data + immersive game = real swim power. Train at home, get faster in the water. Join the waitlist now.
  • Nutrium — Nutrium is the most up-to-date nutrition software for dietitians and nutritionists to manage their nutrition business with nutritional assessment, meal planning and progress tracking.
  • PFx Biotech — PFx Biotech transforms food through bioinnovation by creating sustainable and nutritional alternative protein solutions.
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Critical Ventures
VC Fund · Coimbrã, Leiria, Portugal · 2 investments in Portugal Biotechnology startups

We invest in game-changing companies with the power to transform the way the world uses technology.

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Investment focus

  • Industry: Medical, Computer, Genetics
  • Stage:Seed, Series A
  • Geography: Portugal, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $1.2M–$13M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • hOS — hOS is an early-stage AI technology company.
  • Kirontech — Detect & manage wasteful practices
  • RunSafe Security — Secure embedded systems with RunSafe Security's runtime cybersecurity protection, integrating build-time defenses without affecting performance.
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Bionova Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Biotechnology startups

Bionova Capital, previously known as Hovione Capital, is a healthcare-focused venture capital firm, investing in early-stage life science companies. It was founded in 2015 by the shareholders of Hovione, one of the largest pharmaceutical companies in Portugal, with manufacturing and research operations in USA, Ireland, China and Portugal. BionovaCapital invests in groundbreaking therapeutics, medtech and digital health startups across Europe.

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Investment focus

  • Industry: Biotechnology, Hospital, Health Care
  • Stage:Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $329k–$1.7M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Vaxdyn — Preventing the next global health crisis Our mission is to prevent and alleviate the global health crisis caused by the pathogenic bacteria resistant to ant ...
  • CellmAbs — Pharmaceutical Company, Biotechnology
  • Adapttech — Adapttech is a biomedical company that uses innovative, smart and wearable technologies to deliver full adaptation and comfort to people with physical limitations.
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Scott MacMillan
Angel · Toronto, Ontario, Canada · 1 investments in Portugal Biotechnology startups

Scott MacMillan

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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Access 48,091 investors

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

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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Biotechnology 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, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 85
  • Round size: Seed $603k–$5M; Pre-Seed $208k–$3M; Series A $5M–$20M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Punto Health — AI-Powered, Personalised Support for Every Patient and Family
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OrbiMed
VC Fund · New York, New York, United States · 1 investments in Portugal Biotechnology startups

Leading Global Healthcare Platform with Deep Proprietary Resources and Global Industry Coverage.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 589
  • Round size: Series A $10M–$116M; Series B $24M–$150M; Series C $15M–$143M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Sonendo — Sonendo developing innovative technologies to transform dentistry by Saving Teeth Through Sound Science®. The GentleWave® System shows significant improvements in clinical efficacy and practice efficiency when compared to standard root canal treatment.1,2, 3 Sonendo is the parent company of TDO® Software, the developer of the most widely usedendodontic practice management software in the world, designed to simplify practice workflow. TDO software seamlessly integrates practice management, imaging, social media, referral reporting, CBCT imaging, and offers built-in communication with the GentleWave System.
  • Crown Bioscience — Crown Bioscience is an expert preclinical contract research organization providing oncology services and preclinical cancer models for drug development. Crown Biocience brings clarity to drug discovery worldwide, helping companies solve today's most pressing problems in immuno-oncology, oncology, cardiovascular, and metabolic diseases.
  • Aspen Neuroscience — personalized cell therapy Starts with you Learn More about our technology
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StartUp Health
VC Fund · New York, New York, United States · 1 investments in Portugal Biotechnology startups

Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots

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Investment focus

  • Industry: Health Care, Wellness, Medical
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 194
  • Round size: Seed $100k–$4M; Pre-Seed $20k–$800k
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Jiseki Health — Jiseki is built on the belief that families and communities need and deserve a safety net, and to have peace of mind when things go wrong. We provide access and delivery of key advice, help, products and services through highly scalable SMS technology, powered by a combination of professionals and AI, and sold as a portable life benefit package..Text #help to 543210, to discover Jiseki services.
  • Biome Analytics — Biome is an analytic applications that help cardiovascular teams do their best work. It helps forward thinking hospitals profitably transition and thrive in the new world of healthcare. During COVID-19, Biome has focused on assessing hospital capacity.
  • NEXT Life Sciences — NEXT Life Sciences is developing the revolutionary Plan A™ procedure to bring the only scientifically proven technology in the category - Vasalgel® - to market.
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InterCapital Group
VC Fund · Wilmington, North Carolina, United States · 1 investments in Portugal Biotechnology startups

InterCapital Group provides management consulting and business advisory services to a wide range of companies, executives management teams and startups. We have the capacity to assist our clients in a variety of ways including business strategy, marketing plans, product development, angel investment or venture capital raises, social mediaconsulting, human resources, operational improvement, developing or strengthening a executive team or advisory board .The InterCapital Group typically works with clients and companies with less than $10 million on annual revenue. Current and past clients consist of companies from many sectors including financial services, consumer web, high-tech, software, mobile, media, communications, retail, hospitality, consumer products, consumer services, social media, nonprofits, insurance and wealth management.

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Investment focus

  • Industry: Biofuel, Biotechnology
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
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Norrsken Evolve
VC Fund · 1 investments in Portugal Biotechnology startups, 14 in the past 12 months

Norrsken Evolve is a pre-seed fund that supports the founders who are creating the future of Europe by offering funding,a top-notch in-person sprint, and an exceptional network.

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Investment focus

  • Industry: Software, Artificial Intelligence, CleanTech
  • Stage:Pre-Seed
  • Geography: Germany, United Kingdom, Spain

Investor stats

  • Total investments: 14
  • Round size: Pre-Seed $250k–$4.1M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • NobodyWho — NobodyWho is an inference engine that lets you run LLMs locally on any device
  • FION Energy — FION Energy GmbH is a Berlin-based company at the forefront of the clean energy transition, specializing in advanced energy storage and management solutions for industrial businesses. Their technology helps companies optimize energy use, reduce costs, enhance grid stability, and accelerate decarbonization by providing economically viable storagesystems tailored to each customer's needs. FION supports grid operators by enabling efficient orchestration of energy consumption and generation, contributing to a more stable and sustainable energy future. They offer personalized consulting, rapid installation, and continuous optimization of energy storage performance to maximize cost savings and flexibility.
  • Bubble Robotics — Bubble Robotics, a company focused on building advanced underwater robots. Their mission is to create autonomous ocean robotics for scalable subsea data collection to improve offshore efficiency and marine resource stewardship. By combining advanced resident robotics, seamless autonomy, and AI-powered analytics, they aim to revolutionize oceanexploration and operations, making the oceans safer, smarter, and more sustainable.
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Invicta Angels
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

Invicta Angels - Business Angels Association of Porto (www.invictaangels.pt), is a club which congregates 50 business angels from the Porto region. Invicta Angels is co-founder of FNABA (www.fnaba.org). In the last years they have made several investments in startups, either alone or as a joint venture with other clubs and venture capital funds.Some of the companies in which they have made investments, have already a global focus in their target markets, and are exceeding their initial expectations in revenue generation from overseas. Having this in mind, they intend to periodically inform on their business portfolio their international business partners, business angels and venture capital funds, with whom they have established relations through EBAN (www.eban.org) in Europe, or ACA (www.angelcapitalassociation.org) in the USA.Invicta Angels represents 50 investors, entrepreneurs and senior executives of companies, with extensive experience in business and strong relationships with entrepreneurship through the creation, management and investment companies.

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Investment focus

  • Industry: Consulting, Bioinformatics, Artificial Intelligence
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • OmniumAI — OmniumAI are developing CibusAI to revolutionise traditional food reformulation.
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GED Ventures Portugal
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

GED Ventures Portugal is an Investment firm.

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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Seed, Series B
  • Geography: Portugal, France, Germany

Investor stats

  • Total investments: 11
  • Round size: Seed $1.6M–$2.3M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Hope Care Health — Hope Care is a digital health company that combines services, products, and cutting-edge technology platforms to enable the delivery of Social and Health Care without barriers.
  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
  • CryoTherapeutics — CryoTherapeutics is focusing on the development, demonstration of clinical benefit, and early-stage commercialization of a proprietary cryotherapy system for use in the treatment of coronary artery disease that causes heart attacks. The safety and efficacy of cryoenergy in the cardiovascular system has been demonstrated and CryoTherapeutics intendsto extend the benefits of cryoenergy to the problem of diseased coronary arteries.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

Lince Capital is an independent venture capital company. Lince Capital was born from the experience of a family group with over 30 years of experience in managing investment funds in various business areas, including real estate, infrastructure, agriculture, and telecommunications.Lince Capital is distinguished by its personalized and excellentsupport, close and direct relationship with each of its investors and business partners, and the dedication of an experienced and dynamic team.

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Investment focus

  • Industry: E-Commerce, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $1.1M–$6.8M; Series A $6M–$16M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
  • Cargofive — Cargofive is the digital solution that will allow your freight forwarder to access to maritime rates from different providers in one place.
  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
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PINK LAND
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

Investment management

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Investment focus

  • Industry: Industrial, Biotechnology
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Silentvector — Biotechnology applied to agriculture. Research, development, innovation, and production of bioprotectants, biofertilizers, biostimulants, and nutrients of biological origin.
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Artesian VC
VC Fund · Melbourne, Victoria, Australia · 1 investments in Portugal Biotechnology startups

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Hong Kong

Investor stats

  • Total investments: 227
  • Round size: Seed $120k–$5M; Pre-Seed $40k–$1.5M; Series A $2.3M–$15M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • CUZIN — Providing a surprisingly human shopping experience. Trusted and secure. Millions of domains to choose from.
  • Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.
  • Infiction labs — SPARC 1.2 is a solar panel robotic cleaning system designed and developed by Infiction Labs Pvt Ltd for commercial solar plants.
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Boost VC
VC Fund · San Mateo, California, United States · 1 investments in Portugal Biotechnology startups

Boost VC: The Pre-Seed Fund Making Sci-FI a Reality. Investing in crypto, virtual reality, augmented reality, AI, Ocean Tech, Space Tech, human augmentation, exoskeletons and more.

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Investment focus

  • Industry: Software, Artificial Intelligence, Blockchain
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 244
  • Round size: Seed $406k–$6.6M; Pre-Seed $100k–$2.5M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Zoolife — Giving 4 billion animal lovers access to wildlife animals up-close, through live 24/7 user-controlled cameras, with behind-the-scenes zookeeper talks and feeding times daily from the best ethical zoos & animal sanctuaries.
  • Pageport — Effortlessly convert more leads by automatically sending unique, personalized video pages to everyone.
  • Polkadot — Polkadot is a dedicated community that envisions a web where users own their digital identities and data, restoring their authority.
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ChangePartners
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

ChangePartners is an independent company dedicated to mid-size transactions in the Iberian market. They develop high value added solutions specific to each particular situation , offering a fair and unbiased opinion. Their independence guarantees no conflicts of interest. Their small size and focus ensures full dedication to each transaction.

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Investment focus

  • Industry: Medical, Therapeutics, Biotechnology
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Exogenus Therapeutics — Exogenus Therapeutics is engineering cell biology for innovative therapeutic solutions.Exo-T is a biotechnology company dedicated to the pre-clinical and clinical development of innovative cellular-based therapies applied to regenerative medicine, specifically for the skin lesions treatment. The company is presently developing its first product,Exo-Wound, for the treatment of chronic wounds.The project that led to the creation of the company (Nanoinspire) participated in COHiTEC 2014 program and is the result of the research developed in collaboration with Crioestaminal SA, Biocant, and Centre for Neurosciences and Cellular Biology of Coimbra University.
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Michael Chang
Angel · 1 investments in Portugal Biotechnology startups

Michael Chang

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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Pathena
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Biotechnology 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, B2B, Marketing
  • Stage:Series A, Seed, Series C
  • Geography: Portugal, Germany, The Netherlands

Investor stats

  • Total investments: 9
  • Round size: Seed $1.4M–$3.3M; Series A $4.4M–$30M; Series C $39M–$39M
  • Lead/follow: 44% lead, 56% follow

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 Imaging 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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Jeremy Hendon
Angel · 1 investments in Portugal Biotechnology startups

Jeremy Hendon

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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Green Innovations
VC Fund · 1 investments in Portugal Biotechnology startups

International, Life Sciences, Biotechnology

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Investment focus

  • Industry: Medical, Genetics, Health Care
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • CBR Genomics — We apply our end-to-end solutions to hand genetic reports at the clinical desk. We make Genomics accessible!
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Fairjourney Biologics
VC Fund · Porto Alegre, Rio Grande do Sul, Brazil · 1 investments in Portugal Biotechnology startups

FairJourney Biologics is your end-to-end antibody discovery and biologics partner, offering world-class mammalian display, cell-line development and protein production services to accelerate therapeutic pipelines.

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Investment focus

  • Industry: Biotechnology
  • Stage:Corporate Round
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Flow Eighteen38 — FairJourney Biologics is your end-to-end antibody discovery and biologics partner, offering world-class mammalian display, cell-line development and protein production services to accelerate therapeutic pipelines.
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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

WiseNext is a venture and smart capital investment company. We focus on helping young entrepreneurs with innovative ideas that have an impact on our society, providing capital, knowledge and networking.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $478k–$1.6M; Pre-Seed $165k–$1.1M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
  • Relive — Relive is empowering the next generation of real estate entrepreneurs, with a mobile app that allows them to work for themselves, from anywhere, while saving time and earning commissions faster.
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Pedro Lourenço
Angel · 1 investments in Portugal Biotechnology startups

Pedro Lourenço

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Investment focus

  • Industry: Consumer, Analytics, Insurance
  • Stage:Angel, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MindProber — Not all impressions are created equal. Understand the emotional impact of your content. Learn about Mediaprobe - Next-gen media measurement.
  • Habit — Habit's mission is to bring context and meaningfulness to the way insurance is sold. We connect brands with insurers to enable the best way to distribute insurance - on digital.
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Ganexa Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

Ability to open doors on opportunities (potential clients/strategic partners/suppliers/etc). Add market credibility, something missing in many start-ups.Know-how that can save you time, money and unnecessary stress and worry. Ability to complement the existing management team, filling gapsThey understand the difficulties andhardships of starting and building a business. They are motivated to work with you on the building process, and not just wait for the end result

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Investment focus

  • Industry: Fitness, Wellness, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 7
  • Round size: Seed $478k–$2.7M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Abtrace — Abtrace is an automated, self-learning care system where we can provide personalised care, delivered at population scale - where predictive, preventative and proactive approaches keep people healthy and out of hospital.
  • sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
  • ChemiTek — Certified & sustainable solutions for industrial maintenance. We have the solutions you need!
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

Iberis is an investment manager that operates a value-oriented investment management.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Series A, Seed
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 36
  • Round size: Seed $2.2M–$3.2M; Series A $6M–$43M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • TEKEVER — The Tekever Group is a provider of innovative technologies in Software, Aerospace, Defence and Security Markets.
  • Connected — Connected is a startup that offers affordable connecting humans, unleashing a new wave of IoT-based business models and contributing to bridge the digital gap.
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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Teak Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Portugal Biotechnology startups

Teak Capital is a venture capital management firm based in Malaysia. The company believes in empowering entrepreneurs to think big and at the same time mastering the essential building blocks of managing a business from practicing right governance, holistic understanding of company financials, and seeking opportunities for the business.Teak lendsits expertise and advice in corporate matters and add value by giving new perspective to entrepreneurs in developing and strategizing for their business growth.

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Investment focus

  • Industry: Baby, Biofuel, Children
  • Stage:Seed, Series D
  • Geography: Malaysia, Portugal, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • DigiLens — DigiLens is an innovator in holographic waveguide display technology for extended reality (XR).DigiLens has developed a patented optical platform and photopolymer technology that delivers best-in-class solutions using a unique, low-cost contact-copy manufacturing process. DigiLens enables OEM partners to design and build XR-enabled devices for theglobal automobile, enterprise, consumer, avionics, and military industries.
  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
  • Applecrumby & Fish — Applecrumby & Fish is an online and offline baby store that offers various brands of baby products available both locally and internationally. The baby products are classified under the categories: bath and skincare, food and health, feeding, baby gear, diapers and potty, playroom, maternity, and school.Putto, Brush Baby, Tommee Tippee,Hot-Kid, Nordic Naturals, Annie’s Organic, Zoli, Munchkin, Avent, Clevamama, Attitude, Potette Plus, The First Years, Renova, Peaceable Kingdom, Mega Bloks, Emma-Jane, MooGoo, Stephen Joseph, and Thinkbaby are some of the brands available in Applecrumby & Fish’s stores.Applecrumby & Fish was founded in 2011 and is based in Selangor, Malaysia.
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InterCapital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Biotechnology startups

InterCapital is an investment firm focused on early-stage ventures. InterCapital cooperates with outstanding Entrepreneurs, promoting innovative ideas and business models, leading to positive social and environmental impact.

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Investment focus

  • Industry: SaaS, Human Resources, Biofuel
  • Stage:Seed
  • Geography: United Kingdom, Portugal

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Benivo — Increase satisfaction for employees and HR by >50% NPS. Save 30-70% on costs.
  • Benivo — Increase satisfaction for employees and HR by >50% NPS. Save 30-70% on costs.
  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
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Nina Capital
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Portugal Biotechnology startups, 10 in the past 12 months

We deploy early stage capital to fuel the growth of need-driven health technology companies.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 85
  • Round size: Seed $2M–$5.2M; Pre-Seed $573k–$2.4M; Series A $5M–$22M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Navidence — Navidence provides a transformative Real World Evidence (RWE) Design platform that enables organizations to efficiently adapt to the ever-increasing ecosystem of Real World Data (RWD) sources. The company unlocks the power of Computable Operational Definitions (CODefs) for RWE Design and RWD Assessment. Navidence's RWE Sherpa platform offerstools to streamline the process of defining an RWE study's data, making it easier for researchers to conduct their studies in the age of data.
  • Rivia — Integrated Clinical Trial Intelligence. Drive therapeutic evaluation and trial management with real-time insights.
  • Sober Sidekick — Gamified peer to peer support
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Social Impact Fund
VC Fund · Los Angeles, California, United States · 1 investments in Portugal Biotechnology startups

SIF provides financial support for public charities & acts as a fiscal agent for charities and foundations.

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Investment focus

  • Industry: Apps, Video, Finance
  • Stage:Seed, Debt Financing
  • Geography: Spain, Portugal, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $942k–$2.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Criam — CRIAM stands for Chemical Reaction and Image Analysis for Mobility. We are a Medtech startup born in January 2016 focused in the Point-of-Care diagnostic segment. Our mission is to provide fast, affordable and in-situ blood test analysis to empower people with instant information about their well-being and health conditions. With our device as aplatform approach we will be able to monitor, control and contain diseases worldwide.
  • tuTECHÔ — tuTECHÔ is an innovative social enterprise born with the purpose of contributing to the eradication of homelessness in Spain.
  • MemoryWell — MemoryWell is a digital platform for storytelling that brings the skills of professional writers to the challenge of helping elders tell their life story. With MemoryWell+, you can build a collaborative timeline around that story, adding photos, videos, letters and documents. Everyone has a story, let us help you capture it.
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Biotechnology Investor funding in Portugal at a glance

Stats across 54 deals from 36 investors.

36
investors
in Portugal Biotechnology startups
54
deals
in Portugal Biotechnology startups
$532k
median round
in Portugal Biotechnology startups
56%
lead investors
lead at least one round
50%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 36 investors in Portugal Biotechnology startups.

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