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Top 50 Blockchain Startup Investors in Portugal (September 2026)

The most active venture capital funds and angel investors investing in Portugal Blockchain startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Blockchain 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
5 Portugal, United States, France Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
Polychain
VC Fund
3 United States, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, FinTech $1.5M–$45M
Bright Pixel Capital
VC Fund
2 United States, Portugal, Israel Series A, Series B, Seed Software, Information Technology, SaaS $1.2M–$35M
Flori Ventures
VC Fund
2 United States, United Kingdom, Israel Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, FinTech $100k–$11M
Polymorphic Capital
VC Fund
2 United States, United Kingdom, Spain Seed, Series A, Pre-Seed Blockchain, FinTech, Cryptocurrency $1.2M–$30M
Dragonfly
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $2.2M–$40M
Maelstrom
VC Fund
2 United States, Singapore, Hong Kong Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Artificial Intelligence $2M–$18M
Celo
VC Fund
2 United States, Portugal, Japan Grant, Pre-Seed, Seed Financial Services, Cryptocurrency, FinTech $100k–$150k
Franklin Templeton
VC Fund
2 United States, India, Singapore Series A, Series B, Seed Software, FinTech, Financial Services $2M–$150M
Arthur Hayes
Angel
2 United States, Singapore, India Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.7M–$9M
SharesPro
VC Fund
2 United States, India, Portugal Venture - Series Unknown, Secondary Market, Seed Software, Blockchain, Machine Learning $1M–$20M
Brpx
VC Fund
2 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $348k–$15M
Gemini
VC Fund
1 United States, Canada, Portugal Seed, Series A, Pre-Seed Cryptocurrency, Blockchain, FinTech $3.5M–$135M
Protocol Labs
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed, Series A Blockchain, Software, Cryptocurrency $100k–$52M
Good News Ventures
VC Fund
1 Canada, United States, Cyprus Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $150k–$3.6M
Albert Wenger
Angel
1 United States, Germany, Switzerland Series A, Series B, Seed Software, Internet, Analytics $650k–$30M
MEXC Global
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Information Technology $1M–$30M
Blockchange Ventures
VC Fund
1 United States, Canada, Germany Seed, Series A Blockchain, Cryptocurrency, Software $2.5M–$25M
Demium Capital
VC Fund
1 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$3.1M
Seed Club Ventures
VC Fund
1 United States, Canada, Portugal Seed, Pre-Seed, Series A Web3, Information Technology, Software $2M–$8.3M
Waterdrip Capital
VC Fund
1 Singapore, United States, China Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $500k–$50M
P2 Ventures
VC Fund
1 United States, Singapore, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$24M
Pyth Network
VC Fund
1 Portugal Seed, Grant Blockchain, Non-Fungible Token (NFT), Decentralized Finance (DeFi)
Signum Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Blockchain, Cryptocurrency, FinTech $650k–$100M
Galaxy Digital
VC Fund
1 United States, Canada, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.4M–$55M
Wintermute Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
dao5
VC Fund
1 United States, Singapore, Australia Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $2M–$38M
Aptos
VC Fund
1 United States, Singapore, India Seed, Pre-Seed, Grant Blockchain, Cryptocurrency, Web3 $50k–$12M
GSR
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$50M
Unicorn Factory Ventures
VC Fund
1 Portugal, Singapore, United States Seed Software, Blockchain, Artificial Intelligence $1.5M–$20M
Hypersphere Ventures
VC Fund
1 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, Software $2M–$30M
FunFair Ventures
VC Fund
1 United States, Switzerland, United Kingdom Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, FinTech $100k–$22M
Delta Blockchain Fund
VC Fund
1 United States, Singapore, Switzerland Seed, Pre-Seed Blockchain, Cryptocurrency, Software $700k–$12M
Figment
VC Fund
1 United States, Singapore, Germany Seed, Series A Blockchain, Cryptocurrency, FinTech $3M–$32M
Crypto Dog
Angel
1 United States, Portugal Seed Cryptocurrency, Blockchain, Bitcoin $1M–$8.5M
Caballeros Capital
VC Fund
1 United States, Switzerland, India Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.1M–$8.6M
FinLab EOS VC
VC Fund
1 Germany, Portugal, United States Seed, Series A Blockchain, SaaS, Web3
Solana Ventures
VC Fund
1 United States, Singapore, Australia Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Gaming $250k–$40M
Valora
VC Fund
1 Portugal Seed Web3, Web Apps, Blockchain
Eutopia Foundation
VC Fund
1 Portugal Seed Web3, Web Apps, Blockchain
Armilar Venture Partners
VC Fund
1 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $520k–$17M
Open Ventures
VC Fund
1 Japan, Germany Seed, Private Equity Gaming, Software, Blockchain
D1 Ventures
VC Fund
1 United States, Singapore, Germany Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.2M–$23M
ZBS CAPITAL
VC Fund
1 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$6M
Wintermute
VC Fund
1 United States, Singapore, Cayman Islands Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $3M–$50M
Alex Atallah
Angel
1 United States, Portugal, Cayman Islands Seed, Series A Artificial Intelligence, Open Source, Blockchain $12M–$31M
Digital Finance Group (DFG)
VC Fund
1 United States, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, FinTech $1.3M–$32M
Diogo Monica
Angel
1 United States, Portugal, Spain Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, FinTech $1.1M–$58M
Davoa Capital
VC Fund
1 United States, Portugal, France Seed, Venture - Series Unknown, Initial Coin Offering Financial Services, Cryptocurrency, Blockchain $1.6M–$24M
Huobi Ventures
VC Fund
1 United States, Singapore, Spain Seed, Venture - Series Unknown Blockchain, Gaming, Software $1M–$15M
Access all 154 investors in Portugal Blockchain startups.

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

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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 5 investments in Portugal Blockchain 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, France

Investor stats

  • Total investments: 352
  • Round size: Seed $121k–$2M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 16% lead, 84% 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
  • Codeplace — The best place to develop your coding skills with a comprehensive, specially curated list of tutorials and books.
  • GRAPHENEST — Graphenest is a nanotechnology company focused on high-value graphene-based solutions for advanced composites and functional coatings & inks markets.
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Polychain
VC Fund · San Francisco, California, United States · 3 investments in Portugal Blockchain startups

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 371
  • Round size: Seed $1.5M–$13M; Series A $6.5M–$30M; Venture - Series Unknown $5M–$45M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2026

Portfolio highlights

  • Yellow Card — Yellow Card is a licensed stablecoin payments infrastructure provider powering global money movement across USD and 50+ local currencies. Talk to us.
  • Blueprint Finance — Blueprint Finance develops protocols and infrastructure to advance on-chain financing.
  • M0 —
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Bright Pixel Capital
VC Fund · Maia, Porto, Portugal · 2 investments in Portugal Blockchain startups

Bright Pixel Capital (former Sonae IM) is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel acts as a partner that bringsspecialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO.

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Investment focus

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

Investor stats

  • Total investments: 127
  • Round size: Seed $1.2M–$7.3M; Series A $5.4M–$15M; Series B $5.9M–$35M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Bria — Bria is a Computer Software company.
  • 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.
  • Mesh Security — Mesh Security is the industry’s first complete Zero Trust Posture Management (ZTPM) SaaS platform, a single source of truth that enables companies to implement a unified Zero Trust Architecture on top of their existing stack. Without using agents, Mesh effortlessly and seamlessly maps a company’s entire cloud XaaS estate in minutes, providing fullcontextual visibility, control, and protection of the Everywhere Enterprise.
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Flori Ventures
VC Fund · San Francisco, California, United States · 2 investments in Portugal Blockchain startups

More than a seed-stage fund and a portfolio of startups: Our community of founders taps into the power of financial innovation to collaborate around global problems and unlock prosperity for all.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 106
  • Round size: Seed $250k–$11M; Pre-Seed $100k–$3.5M; Series A $2.8M–$11M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Mento Labs — Mento is bringing FX onchain. We provide institutions with access to onchain FX at real-world rates.
  • Learn.xyz — Learn.xyz’s is a mixture of Duolingo and Wikipedia, powered by AI, creating bite-sized “Curiosities” which feature slides and a quiz, in mere seconds just from taking in a user’s question. Find the app on iOS and Android.
  • Thrive Protocol — Thrive Protocol's vision is to maximize value creation for all people and communities.
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Polymorphic Capital
VC Fund · Clayton, North Carolina, United States · 2 investments in Portugal Blockchain startups

It is a venture capital firm that selectively invests in extraordinary teams and emerging paradigms in blockchain and fintech globally.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Spain

Investor stats

  • Total investments: 53
  • Round size: Seed $1.4M–$5M; Pre-Seed $1.2M–$6M; Series A $3.6M–$30M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zynk — Make Global Payments Instant
  • Trace Finance — Trace Finance enables secure and swift connections between businesses and their customers through payments and automatic transaction reconciliations on a large scale, promoting integrity and efficiency.
  • BIO Protocol — Biotech's new financial layer.
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Dragonfly
VC Fund · San Francisco, California, United States · 2 investments in Portugal Blockchain startups, 8 in the past 12 months

A cross-border cryptoasset investment firm. Global from day one.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 218
  • Round size: Seed $2.2M–$16M; Series A $6.7M–$40M; Venture - Series Unknown $3.2M–$30M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $80M in 2026

Portfolio highlights

  • Sapiom — The platform vertical AI companies build, ship, and scale agentic products.
  • City Protocol — City Protocol offers growth incentives and creative tools driven by AI. A portable reputation is created via City ID.
  • Velocity — Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains.
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Maelstrom
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Portugal Blockchain startups, 6 in the past 12 months

Managed by the family office of Arthur Hayes (co-founder, BitMEX), Maelstrom is building a long-term portfolio across Venture, Liquid, Private Equity, and Public Markets, focused on infrastructure companies and assets that will form the foundation of the next wave of trustless decentralization.We back high-conviction opportunities ranging fromearly-stage equity and token investments to private and public market positions, bringing to each cap table the experience, relationships, and resources of having built one of the industry’s first profitable unicorns from the ground up.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 45
  • Round size: Seed $3.5M–$12M; Pre-Seed $2M–$3M; Series A $4M–$18M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oh — The OpenAI of the spicy content industry, combining consumer platforms (@ohchatai | @ohdotfun) with infrastructure (https://t.co/BMwDSzAg14)
  • Paxos Labs — Blockchain infrastructure for enterprises. Regulated by the OCC in the US, FIN-FSA in the EU, and MAS in Singapore. For support, visit https://t.co/qmOCfQa262
  • Zcash Open Development Lab — Builders of the Zcash protocol and flagship Zcash wallet, Zodl @zodl_app. We envision a world without mass financial surveillance.
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Celo
VC Fund · San Francisco, California, United States · 2 investments in Portugal Blockchain startups

Celo is global payments infrastructure that makes financial tools accessible to anyone with a mobile phone

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Investment focus

  • Industry: Financial Services, Cryptocurrency, FinTech
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United States, Portugal, Japan

Investor stats

  • Total investments: 11
  • Round size: Pre-Seed $100k–$150k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Haraka — Haraka issues stablecoin-based microloans based on social reputation.
  • moreliquid — moreliquid is a digital assets platform that offers end-to-end services to asset managers for tokenised securities.
  • Silver Koi — First equities perpetuals protocol. Long & short US stocks, forex, commodities, crypto, and more with up to 200x leverage. - https://t.co/Hy8QCUKnXW
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Franklin Templeton
VC Fund · San Mateo, California, United States · 2 investments in Portugal Blockchain startups, 19 in the past 12 months

Franklin Templeton offers strategies in equity, fixed income, multi-asset, and digital assets. A significant portion of its offerings includes municipal bond management and tax-free income solutions designed for diverse financial goals. In addition to traditional asset management, the entity maintains a presence in private markets and alternativeinvestment vehicles. Its services also encompass the provision of fund commentary, performance metrics, and tax-related information to assist with portfolio oversight. The firm distributes research and market analysis to support investor decision-making within the global financial landscape.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, Singapore

Investor stats

  • Total investments: 242
  • Round size: Seed $2M–$14M; Series A $4.9M–$150M; Series B $26M–$120M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Meesho — Meesho operates as an online reselling platform that enables anyone to start a business without investment. Meesho is a business platform trusted by more than 2.6 million resellers across India. The company was founded in 2015 by Vidit Aatrey and Sanjeev Barnwa and is headquartered in Bangalore, Karnataka.
  • Glacis Labs — Glacis Labs is a middleware protocol. It enables developers to control cross-chain risk. Glacis provides a plug-and-play solution that eliminates the research and decision-making process in cross-chain processes, simplifying interchain execution.
  • Soter Insure — Reliable insurance for the digital asset ecosystem.
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Arthur Hayes
Angel · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Portugal Blockchain startups

Arthur Hayes is based out of Hong Kong, Hong Kong Island and is the Advisor of Upexi. Arthur previously worked at BitMEX as a CEO. Arthur Hayes attended the University of Pennsylvania.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 23
  • Round size: Seed $1.7M–$9M; Pre-Seed $2.2M–$3M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Cytonic — Cytonic is a multi-virtual-machine blockchain. Cytonic is compatible with blockchains such as Bitcoin, Ethereum, and Solana.
  • Nillion — The Secure Processing Layer of Web3
  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
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Access 48,091 investors

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

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SharesPro
VC Fund · Moscow, Moscow City, Russian Federation · 2 investments in Portugal Blockchain startups

SharesPro is an independent analyst working on the US stock market, an expert on systematic investment and capital growth. SharesPro has extensive experience in stock markets and in-depth knowledge of investments, mergers, and acquisitions. The firm was incorporated in 2017 and is based in Moscow, Moscow City, Russian Federation.

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Investment focus

  • Industry: Software, Blockchain, Machine Learning
  • Stage:Venture - Series Unknown, Secondary Market, Seed
  • Geography: United States, India, Portugal

Investor stats

  • Total investments: 17
  • Round size: Secondary Market $1.3M–$15M; Venture - Series Unknown $1M–$20M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Chainalysis — Chainalysis helps government agencies, cryptocurrency businesses, and financial institutions engage confidently with cryptocurrency.
  • Lifetime Health — We are a digital platform, transforming the healthcare landscape with our innovative hospital-at-home care services. Our mission is to create an efficient healthcare system that provides essential services, including lab tests, express check-ups, nursing care, and medical devices, right at your doorstep.
  • Animoca Brands — Animoca Brands is a metaverse and gaming venture capital firm that focuses on driving digital property rights to gamers and internet users through NFTs. It utilizes gamification and blockchain to develop and market a portfolio of mobile applications, games, and additional products oriented to educational learning to ensure transparency, security,and new business models.
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Brpx
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Blockchain startups

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $409k–$2.4M; Pre-Seed $348k–$1.3M; Series A $7.2M–$15M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Chord — Chord is a commerce data platform purpose-built for modern brands. Chord enables brands to unify, synthesize, and orchestrate their data to drive radical decisions and revenue.
  • Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
  • Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
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Gemini
VC Fund · New York, New York, United States · 1 investments in Portugal Blockchain startups

The crypto super app for trading, predicting, and earning. Buy 90+ cryptos, trade prediction markets, and earn with staking and the Gemini Credit Card.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 17
  • Round size: Seed $3.5M–$7M; Series A $9M–$135M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pye Labs — Pye Finance is a Web3 startup that builds a staking-market infrastructure on the Solana blockchain.
  • Octane — A developer-first platform to stress-test your smart contracts with cutting-edge AI. One-click install. Save time and money on security.
  • BitVault — BitVault is a DeFi protocol that provides a crypto-native money solution via its BTC-backed stablecoin, bvUSD, and yield-bearing staked stablecoin, sbvUSD.
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Protocol Labs
VC Fund · San Francisco, California, United States · 1 investments in Portugal Blockchain startups

Protocol Labs is an innovation network driving breakthroughs in computing to push humanity forward.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 162
  • Round size: Seed $1.3M–$10M; Pre-Seed $100k–$3.1M; Series A $8M–$52M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Akave Cloud — The Al-Ready Sovereign Cloud | Own your data. Control your costs. A modern S3-Compatible object storage.
  • Hemispheric — Hemispheric develops fundamental AI technologies aimed at deciphering brain activity for innovative applications.
  • Synchron — The endovascular brain computer interface.
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Good News Ventures
VC Fund · Toronto, Ontario, Canada · 1 investments in Portugal Blockchain startups

We invest in founders who are driven to push the limits of what is possible

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Canada, United States, Cyprus

Investor stats

  • Total investments: 74
  • Round size: Seed $414k–$3.6M; Pre-Seed $150k–$2.7M; Venture - Series Unknown $750k–$750k
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Reddio — The fastest Ethereum-compatible Layer 2 with GPU-powered Parallel EVM and ZK Proofs for AI, gaming, and real-time applications.
  • Spiky.AI — Spiky.ai delivers real-time coaching, CRM sync, and multilingual AI insights to boost sales performance and streamline meetings.
  • Pipeshift — Inference for real-time agents
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Albert Wenger
Angel · New York, New York, United States · 1 investments in Portugal Blockchain startups

Albert Wenger is a managing partner at Union Square Ventures. Before joining USV, Albert was the president of del.icio.us through the company’s sale to Yahoo and an angel investor (Etsy, Tumblr). He previously founded or co-founded several companies, including a management consulting firm and an early hosted data analytics company. Albert graduatedfrom Harvard College in economics and computer science and holds a Ph.D. in Information Technology from MIT.

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Investment focus

  • Industry: Software, Internet, Analytics
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Switzerland

Investor stats

  • Total investments: 110
  • Round size: Seed $650k–$16M; Series A $1M–$23M; Series B $4.3M–$30M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Brale — One regulated system for stablecoin issuance, custody, payments, and compliance. 75+ programs in production across 45 US jurisdictions. SOC 2 Type II. Book a demo.
  • Terra.do — Learn about climate change and start working on climate change solutions today with the Terra.do community.
  • Phlair — 77NEKO menjadi salah satu akses asli untuk bermain game online yang menghasilkan sulthan dengan secara sekejap. Bukan hanya itu tapi 77neko sering memberikan bonus yang gokil seperti petir merah yang tak terhingga, cashback 100% hingga spin gratis di setiap permainan.
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MEXC Global
VC Fund · Mahé, Beau Vallon, Seychelles · 1 investments in Portugal Blockchain startups

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 54
  • Round size: Seed $1M–$7.5M; Series A $3.5M–$30M; Venture - Series Unknown $9M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Raiinmaker — Multi - Chain Layer 2 Network. Powered by AI, Secured by Bitcoin.
  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • The FishVerse — FishVerse combines GameFi, AI, and blockchain technology, allowing players to fish in a dynamic open environment from their own homes.
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Blockchange Ventures
VC Fund · New York, New York, United States · 1 investments in Portugal Blockchain startups, 7 in the past 12 months

Blockchange Ventures is a venture capital firm investing exclusively in early-stage blockchain companies, protocols, and applications that are trying to make a dent in the universe.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: United States, Canada, Germany

Investor stats

  • Total investments: 107
  • Round size: Seed $2.5M–$13M; Series A $5.5M–$25M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $10M in 2025

Portfolio highlights

  • Pact Labs — Originate, securitize, and service low dollar balance loans at scale using our permissioned protocol via API and web.
  • Cycles — Private, open clearing & settlement for individuals, businesses, and trading firms. Send, receive & earn privately with Cycles Pay today.
  • Precise — Put more of your media budget to work. See the reasoning, track the changes, and measure the results.
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 1 investments in Portugal Blockchain 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 — AI-powered spatial analytics platform for architecture, urban planning and development teams. Site analysis, GIS-free mapping and location intelligence. 400+ cities covered.
  • 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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Seed Club Ventures
VC Fund · George Town, Midland, Cayman Islands · 1 investments in Portugal Blockchain startups

Seed Club Ventures is a Venture DAO backing early-stage founders building at the intersection of web3 and community. With a membership of 60+ leading innovators and investors in crypto, we are diverse in our ability to support projects throughout their life cycle.

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Investment focus

  • Industry: Web3, Information Technology, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 19
  • Round size: Seed $2M–$8.3M; Pre-Seed $2.3M–$6M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ARX — Secure chips, onchain. Creators of @useburner @offlinecashco @kongiscash.
  • Nava labs — Guardrails for the agentic economy || Join our waitlist for private testnet
  • Plastic Labs — Radically Decentralizing Alignment
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Waterdrip Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Portugal Blockchain startups

Waterdrip capital invests in blockchain industries.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 88
  • Round size: Seed $1M–$6M; Pre-Seed $500k–$3M; Venture - Series Unknown $1.5M–$50M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • LNT — LNT provides a Bitcoin Taproot-based token system that allows basic asset creation and transfers with limited available details.
  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • ZENi — ZENi is a data intelligence engine that powers autonomous AI agents. The platform transforms real-time on-chain and off-chain signals into actionable insights, enabling agents to make decisions, automate workflows, and execute tasks with high precision. Built as a decentralized data intelligence layer, ZENi supports Web3, fintech, e-commerce ,gaming and enterprise applications that require scalable, intelligent agent operations.
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P2 Ventures
VC Fund · 1 investments in Portugal Blockchain startups, 6 in the past 12 months

Polygon Ventures is an investment firm that focuses on early-stage Web3 startups.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 74
  • Round size: Seed $1.6M–$9.5M; Pre-Seed $1.2M–$3M; Series A $5.2M–$24M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • OpenEden — Mint and redeem TBILL tokens instantly 24/7 on the OpenEden TBILL Vault, and enjoy direct exposure to the U.S. risk-free rate.
  • Ekiden — Ekiden is a next-generation decentralized exchange that combines a virtual AMM (vAMM), perpetual futures, and a central limit order book to provide the fastest, most equitable, and liquid on-chain trading experience with extremely low costs and MEV resistance.
  • Fanable — Fanable is a Web3 marketplace specialized in Pokémon, comic books, and collectibles, allowing users to purchase, sell, and engage with their favorite products in both physical and digital forms.
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Pyth Network
VC Fund · 1 investments in Portugal Blockchain startups

The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.

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Investment focus

  • Industry: Blockchain, Non-Fungible Token (NFT), Decentralized Finance (DeFi)
  • Stage:Seed, Grant
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • YouSUI — YouSUI is an All-In-One platform running on the Sui Network, featuring a comprehensive suite of services including a decentralized exchange (DEX).
  • Ekiden — Ekiden is a next-generation decentralized exchange that combines a virtual AMM (vAMM), perpetual futures, and a central limit order book to provide the fastest, most equitable, and liquid on-chain trading experience with extremely low costs and MEV resistance.
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Signum Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Blockchain startups, 7 in the past 12 months

They are a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Their mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. They participate in Pre-sale stages of Token Generation Events and Equity investments.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 148
  • Round size: Seed $1.5M–$12M; Pre-Seed $650k–$3.7M; Venture - Series Unknown $4.2M–$100M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Derivio — Be early. Trade smarter. One terminal.
  • PayGo — One request = one settlement. Pay-as-you-go payments for APIs, AI & agents. x402 on ENI
  • Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
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Galaxy Digital
VC Fund · New York, New York, United States · 1 investments in Portugal Blockchain startups

Galaxy is a digital asset and blockchain leader helping institutions, startups, and individuals shape a changing economy.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 179
  • Round size: Seed $2.4M–$14M; Series A $8M–$55M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • AlphaPoint — Join over 150 customers from 35 countries that have leveraged AlphaPoint's white label software to launch and operate digital asset markets.
  • Argo Blockchain — Argo Blockchain (NASD:ARBK), is the First Climate Positive Bitcoin Mining Company. A Pioneer in Using Renewable Power & Innovation in Blockchain Technology
  • Digital Prime Technologies — Full-Service Institutional-Grade Prime Brokerage for Digital Asset Management. DLCC offers full-service Prime Brokerage solutions for digital assets. Our all-in-one user interface leverages both API and Saas product offerings to connect clients with a growing network of liquidity providers to transact, borrow, and lend digital assets, and managecollateral. Our product suite also offers traditional Prime Brokerage services, such as consultation and capital introduction.
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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Portugal Blockchain startups, 9 in the past 12 months

Wintermute Ventures is the investment arm of Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures is uniquely positioned to back early-stage Web3 projectswith hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership, ensuring its investments align with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 100 projects.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 112
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • UnblockPay —
  • Morpho Labs — Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.
  • Crossover Markets Group — Crossover Markets Group, Inc is a digital asset exchange designed to meet the liquidity needs of institutional clients trading cryptocurrencies.
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dao5
VC Fund · Virgin, Utah, United States · 1 investments in Portugal Blockchain startups, 7 in the past 12 months

An experimental cryptocurrency investment fund that will convert into a decentralized autonomous organization.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 63
  • Round size: Seed $2M–$29M; Pre-Seed $2M–$35M; Series A $13M–$38M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Greenlane — Greenlane is a distributor of premium cannabis accessories, packaging, vape solutions, and lifestyle products. It serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers. The company was founded in 2005 and is based in Boca Raton, Florida.
  • Seismic — Seismicy enables developers to establish innovative financial partnerships and investment instruments.
  • Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.
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Aptos
VC Fund · Palo Alto, California, United States · 1 investments in Portugal Blockchain startups

Building products, applications, and tooling on the Aptos blockchain. Bringing the benefits of decentralization to the masses.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Grant
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 40
  • Round size: Seed $2M–$10M; Pre-Seed $50k–$12M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • AllScale — AllScale is a next-generation platform empowering small businesses to scale globally faster with stablecoin. Payroll: Automate cross-border payroll in stablecoins—simplify contractor payments, eliminate costly intermediaries, and ensure instant global delivery.Invoicing: Create, e-sign, and send professional contracts and invoices in seconds.Get paid by clients in their preferred method and instantly receive stablecoin—maximizing liquidity, minimizing friction.Social Commerce: Transform your followers into customers. Embed a dynamic AllScale biolink on your social profiles, showcase your offerings, and securely collect instant stablecoin payments directly from your audience.
  • Ekiden — Ekiden is a next-generation decentralized exchange that combines a virtual AMM (vAMM), perpetual futures, and a central limit order book to provide the fastest, most equitable, and liquid on-chain trading experience with extremely low costs and MEV resistance.
  • Goblin Finance —
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GSR
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 1 investments in Portugal Blockchain startups

GSR has nine years of deep crypto market expertise as a market maker, ecosystem partner and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges. GSR employs over 300 people around the globe, and its tradingtechnology is connected to 60 trading venues, including the world's leading DEXs. We have a culture of approaching complex problems with tenacity and imagination. We build long-term relationships by offering exceptional service, expertise and trading capabilities tailored to the specific needs of our clients.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 221
  • Round size: Seed $1.5M–$15M; Series A $4M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Walken —
  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • TrueNorth — Crypto's first AI discovery engine
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Unicorn Factory Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Portugal Blockchain startups

Unicorn Factory Ventures is a venture capital fund. This firm aims to invest and incubate companies.

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Investment focus

  • Industry: Software, Blockchain, Artificial Intelligence
  • Stage:Seed
  • Geography: Portugal, Singapore, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1.5M–$20M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • Chainstack — Your cost-effective node API provider for low-latency onchain operations and deep historical data look-ups on 70+ chains.
  • Ekiden — Ekiden is a next-generation decentralized exchange that combines a virtual AMM (vAMM), perpetual futures, and a central limit order book to provide the fastest, most equitable, and liquid on-chain trading experience with extremely low costs and MEV resistance.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Hypersphere Ventures
VC Fund · Miami, Florida, United States · 1 investments in Portugal Blockchain startups

Hypersphere Ventures is a venture capital firm that invests in and develops blockchain technology. A Hypersphere is an investment group leveraging on-chain treasuries, decentralized organizations, and governance to increase the utility of the blockchain networks in which we invest.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 131
  • Round size: Seed $2M–$12M; Series A $2.8M–$30M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Joystream — Joystream is a block chain-based, decentralized video platform.
  • Superstate — Superstate is modernizing investing through tokenized financial products
  • Tools For Humanity — Tools for Humanity is a technology company building for humans in the age of AI.
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FunFair Ventures
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 1 investments in Portugal Blockchain startups

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 41
  • Round size: Seed $1.1M–$7M; Pre-Seed $100k–$2.5M; Series A $3.3M–$22M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Rhuna — Rhuna is an AI and blockchain platform that transforms event management with NFT ticketing and token rewards.
  • Utila — Secure stablecoin and digital asset infrastructure for fintechs and enterprises. Run stablecoin payments and digital asset operations on modular infrastructure with MPC wallets, embedded compliance, and policy-driven governance.
  • Cork Protocol — Cork's new DeFi primitive, Depeg Swaps allows investors to hedge and trade the risk of their pegged asset (LST/LRTs, Stablecoins, RWAs).
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Delta Blockchain Fund
VC Fund · New York, New York, United States · 1 investments in Portugal Blockchain startups

Delta Blockchain Fund is an early-stage venture capital fund lighting the path of blockchain innovation by supporting developers and visionaries building the world of decentralization.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 76
  • Round size: Seed $1M–$12M; Pre-Seed $700k–$4.2M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Esprezzo — Esprezzo Dispatch allows enthusiasts, crypto traders and businesses to easily automate workflows using smart contract and DeFi events.
  • Manifold — Manifold operates as a systematic quantitative investment firm focused on the cryptocurrency space.
  • Alterscope — Solity Network provides the infrastructure for Decentralized Finance to enable real-time processing of risk across chains, protocols, and liquidity pools.
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Figment
VC Fund · New York, New York, United States · 1 investments in Portugal Blockchain startups

Figment: Staking, middleware, and application layer solutions for investors and developers investing in and building on Web 3 technology.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Germany

Investor stats

  • Total investments: 37
  • Round size: Seed $3M–$21M; Series A $5M–$32M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • t3rn — t3rn is a hosting platform for smart contracts, that enables trustless, interoperable, multi-chain execution and composable collaboration.
  • Gateway — Gateway is a decentralized protocol for creating, consuming, and displaying verifiable credentials.
  • Ethereum Institutional — Accelerating institutional adoption of Ethereum
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Crypto Dog
Angel · 1 investments in Portugal Blockchain startups

The Crypto Dog is an angle investor.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Bitcoin
  • Stage:Seed
  • Geography: United States, Portugal

Investor stats

  • Total investments: 7
  • Round size: Seed $1M–$8.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Azura — Azura is a new all-in-one crypto application aggregation layer launched with the assistance of some of the most well-known cryptocurrency pioneers. The company's application and interfacing layer provides reliable access to DeFi assets, real-time market data, and full trade lifecycle support.
  • Botanix Labs — Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier.
  • Pichi Finance — Pichi Finance Points are typically stored off-chain and linked to wallet addresses, limiting their tradability on the open market.
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Caballeros Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Portugal Blockchain startups

Caballeros Capital is a private investment firm focused on investing in the blockchain innovation space.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, Switzerland, India

Investor stats

  • Total investments: 30
  • Round size: Seed $1.3M–$8.6M; Pre-Seed $1.1M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chomp — Chomp is a social network platform that focuses on on question-and-answer with prediction-based systems.
  • o1.exchange — Building the next generation NASDAQ and AI Religion to bring human beings together.
  • Darkbright Studios — Darkbright Studios is the developer of Smolbound, a Web3 life sim RPG.
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FinLab EOS VC
VC Fund · 1 investments in Portugal Blockchain startups

FinLab EOS VC Fund is a partnership between Block.one and FinLab, an investor in financial services technologies and blockchain globally.

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Investment focus

  • Industry: Blockchain, SaaS, Web3
  • Stage:Seed, Series A
  • Geography: Germany, Portugal, United States

Investor stats

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

Portfolio highlights

  • TAIKAI Labs — A platform to decentralize organization development and innovation through hackathons, bounties, grants and tech challenges.
  • Upland — Play. Earn. Connect & Rebuild The World
  • Twinsity — Twinsity offers a platform to visualize, inspect and collaboratively work with high-resolution drone data and digital twins. It aims to support the entire process of infrastructure inspections and efficient infrastructure lifecycle management with AI support.
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Solana Ventures
VC Fund · Solana, Misamis Oriental, Philippines · 1 investments in Portugal Blockchain startups

Solana Ventures' mission is to accelerate the growth of the Solana blockchain and adjacent ecosystems by providing capital to the most promising teams building in the crypto ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 140
  • Round size: Seed $2.1M–$11M; Pre-Seed $250k–$19M; Series A $10M–$40M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Hylo — Liquidation-resistant leveraged tokens. Highest yielding stablecoin on Solana. Backed by @robotventures @colosseum @solanaventures
  • Squads — Collaborative infrastructure for web3 native teams
  • Exponent Finance — Outperform market rates with Solana's leading yield exchange. Community: https://t.co/tROuLHqyfC
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Valora
VC Fund · San Francisco, California, United States · 1 investments in Portugal Blockchain startups

Valora is a mobile-first crypto wallet native to the Celo Platform, available on both iOS and Android devices. Valora makes blockchain useful and accessible even on the most basic smartphones, enabling 6 billion smartphone users worldwide to reliably save, send, and spend crypto as easily as sending a text message.

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Investment focus

  • Industry: Web3, Web Apps, Blockchain
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • impactMarket — impactMarket enables any vulnerable community to implement poverty alleviation mechanisms, like Unconditional Basic Income.
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Eutopia Foundation
VC Fund · 1 investments in Portugal Blockchain startups

Eutopia Foundation gives grants to projects we believe will help make the world a better place to focus on projects in the early stages where our typical grant size of $25,000 will have a meaningful impact.

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Investment focus

  • Industry: Web3, Web Apps, Blockchain
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • impactMarket — impactMarket enables any vulnerable community to implement poverty alleviation mechanisms, like Unconditional Basic Income.
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Blockchain 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: 116
  • 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

  • Airflows — Airflows is a platform offering private AI solutions for back-office operations, enabling the creation of applications, workflows, and agent assistants from documents, rules, and approvals while maintaining full control, auditability, and integration with existing systems like ERP, ECM, and BPM.
  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • DOJO AI — The only tool you need to grow your Brand.
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Open Ventures
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Portugal Blockchain startups

Open Ventures provide support for pre-seed and seed that is expected to bear the future of Japan with the vision of creating new value.

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Investment focus

  • Industry: Gaming, Software, Blockchain
  • Stage:Seed, Private Equity
  • Geography: Japan, Germany

Investor stats

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

Portfolio highlights

  • t3rn — t3rn is a hosting platform for smart contracts, that enables trustless, interoperable, multi-chain execution and composable collaboration.
  • Clitch — Clitch is an online platform that helps you connect with gamers that are suited for you through a setting called recruitment.
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D1 Ventures
VC Fund · Beijing, Beijing, China · 1 investments in Portugal Blockchain startups

Powering the Future of Open Economy

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Germany

Investor stats

  • Total investments: 64
  • Round size: Seed $1.2M–$10M; Series A $4.7M–$23M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Rivalz Network — Join the connectivity infrastructure between AI Agents, DeFAI and Markets.
  • The Arena — A next gen SocialFi app redefining how creators connect, engage, and monetize their content.
  • 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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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Portugal Blockchain startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 161
  • Round size: Seed $1M–$6M; Venture - Series Unknown $2M–$6M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
  • Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Portugal Blockchain startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Cayman Islands

Investor stats

  • Total investments: 91
  • Round size: Seed $3M–$18M; Series A $5M–$50M; Venture - Series Unknown $5M–$20M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — One Exchange Infinite Markets
  • Pave Bank — The world's first multi-asset and programmable bank
  • Nova Markets — The next billion-dollar market starts here. Powered by @HyperliquidX
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Alex Atallah
Angel · Menlo Park, California, United States · 1 investments in Portugal Blockchain startups

Alex Atallah is a co-founder/CEO of OpenRouter and a co-founder of OpenSea. Attended Stanford University.

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Investment focus

  • Industry: Artificial Intelligence, Open Source, Blockchain
  • Stage:Seed, Series A
  • Geography: United States, Portugal, Cayman Islands

Investor stats

  • Total investments: 7
  • Round size: Seed $13M–$20M; Series A $12M–$31M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hyperbolic — Access open-source inference and compute at a fraction of the cost. Build with us.
  • Mastra — Mastra is an AI software that helps users to typescript complex operations and complete set of work using AI.
  • Gravity — The Ad Network for AI
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Digital Finance Group (DFG)
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Blockchain startups

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 102
  • Round size: Seed $1.3M–$7.5M; Series A $1.9M–$32M; Venture - Series Unknown $2.4M–$22M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • Rivet.cloud (Formerly OpenRelay) —
  • Karmine Corp — Karmine Corp is an esports organization that offers merchandise and competes in games like league of legends, trackmania, and others.
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Diogo Monica
Angel · San Francisco, California, United States · 1 investments in Portugal Blockchain startups

Diogo Mónica is the General Partner of Haun Ventures. Diogo Mónica is the Co-Founder and Executive Chairman of Anchorage Digital, the premier digital asset platform for institutions and a General Partner at Haun Ventures. He holds a Ph.D. in computer science from the Technical University of Lisbon, and has worked in software security for over 15years. As an early employee at Square, he helped build security architecture that now moves $100B annually. At Docker, he helped secure core infrastructure used in global banks, governments, and the three largest cloud providers.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Portugal, Spain

Investor stats

  • Total investments: 37
  • Round size: Seed $1.6M–$33M; Pre-Seed $1.1M–$3M; Series A $12M–$58M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • V12 — V12 is your security agent for mission critical code.
  • Tako — Tako's web and data search APIs return cited, structured answers. Ground your AI agents in authoritative, accurate, up-to-date information.
  • Augusta Labs — Transforming businesses using AI.
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Davoa Capital
VC Fund · San Francisco, California, United States · 1 investments in Portugal Blockchain startups

Davoa Capital finds its unique position of strength in the market by way of its niche strategy. Through macroeconomic multivariable analysis, it identifies sprouting projects that will grow to define the financial ecosystem of tomorrow

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Investment focus

  • Industry: Financial Services, Cryptocurrency, Blockchain
  • Stage:Seed, Venture - Series Unknown, Initial Coin Offering
  • Geography: United States, Portugal, France

Investor stats

  • Total investments: 10
  • Round size: Seed $1.6M–$3.3M; Initial Coin Offering $12M–$24M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely still investing — raised $600k in 2022

Portfolio highlights

  • Canza Finance — We are an Open Finance Portal enabling access to unlimited financial services for emerging markets, backed by Polychain, Avalanche, CoinMarketCap...
  • Ari Swap — Ari Swap offers a loyalty + rewards product that allows customers to earn loyalty rewards for their purchases and redeem rewards towards future purchases leveraging the existing $Ari token as the points systems. Targeting small- and medium-sized businesses, the Ari Swap platform also includes an NFT engine to create, send and redeem NFTs anddigital coupons, offers and promotions.
  • impactMarket — impactMarket enables any vulnerable community to implement poverty alleviation mechanisms, like Unconditional Basic Income.
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Huobi Ventures
VC Fund · 1 investments in Portugal Blockchain startups

Huobi Ventures is a venture capital firm which focuses on projects related to blockchain technology, crypto assets, and digital currency.

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Investment focus

  • Industry: Blockchain, Gaming, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Spain

Investor stats

  • Total investments: 45
  • Round size: Seed $2M–$15M; Venture - Series Unknown $1M–$11M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • SnakeLite — 10-min prediction markets on Hyperliquid whale positions, BTC and ETH. Predict up or down. Settle onchain. From the 100M+ download SnakeLite game.
  • Sophon — Soph(+) is a tech studio building novel consumer experiences in crypto and ai. we build, own, and ship our own products, starting with pyre.
  • A.A.A C(H+A)RM — AAA C(H+A)RM (Autonomous AI Agents Launchpad & Layer3) is the first AI-first, agent-focused orchestration platform.
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Blockchain Investor funding in Portugal at a glance

Stats across 62 deals from 154 investors.

154
investors
in Portugal Blockchain startups
62
deals
in Portugal Blockchain startups
$1.5M
median round
in Portugal Blockchain startups
21%
lead investors
lead at least one round
44%
Seed
most common funding stage
86/14
VC / Angel
share of investor count

Access all 154 investors in Portugal Blockchain startups.

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