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Top 50 Blockchain Startup Investors in Portugal (August 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
3 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $107k–$2M
Polychain
VC Fund
3 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, FinTech $1.5M–$30M
Maelstrom
VC Fund
2 United States, Singapore, Hong Kong Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Artificial Intelligence $2M–$18M
Franklin Templeton
VC Fund
2 United States, India, Singapore Series A, Series B, Seed Software, FinTech, Financial Services $2M–$150M
Brpx
VC Fund
2 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $318k–$15M
Bright Pixel Capital
VC Fund
2 United States, Portugal, Israel Series A, Series B, Seed Software, SaaS, Information Technology $1.2M–$35M
Flori Ventures
VC Fund
2 United States, United Kingdom, Israel Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, FinTech $100k–$11M
Dragonfly
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.2M–$40M
SharesPro
VC Fund
2 United States, India, Portugal Venture - Series Unknown, Secondary Market, Seed Software, Blockchain, Machine Learning $1M–$20M
Polymorphic Capital
VC Fund
2 United States, United Kingdom, Spain Seed, Series A, Pre-Seed Blockchain, FinTech, Cryptocurrency $1.2M–$30M
Celo
VC Fund
2 United States, Portugal, Japan Grant, Pre-Seed, Seed Financial Services, Cryptocurrency, FinTech $100k–$150k
Arthur Hayes
Angel
2 United States, Singapore, India Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.7M–$9M
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
Bware Labs
VC Fund
1 Switzerland, Germany, United States Seed, Private Equity Blockchain, Cryptocurrency, Smart Contracts
Crypto Dog
Angel
1 United States, Portugal Seed Cryptocurrency, Blockchain, Bitcoin $1M–$8.5M
HTX
VC Fund
1 United States, Singapore, China Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Financial Services $1M–$100M
Mask Network
VC Fund
1 United States, Singapore, Japan Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Web3 $900k–$25M
Caballeros Capital
VC Fund
1 United States, Switzerland, India Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.1M–$8.6M
Balaji Srinivasan
Angel
1 United States, India, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Software $450k–$28M
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
LC Ventures
VC Fund
1 Portugal, United Kingdom, Poland Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $11k–$12M
Marek Olszewski
Angel
1 United States, Canada, Nigeria Seed, Pre-Seed, Convertible Note Cryptocurrency, Blockchain, Software $150k–$7M
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
NetZero Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Private Equity Blockchain, Cryptocurrency, Information Technology $2M–$8.5M
Lemniscap
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
D1 Ventures
VC Fund
1 United States, Singapore, Germany Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.5M–$23M
ZBS CAPITAL
VC Fund
1 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$6M
Anton Bukov
Angel
1 Singapore, United Kingdom, United Arab Emirates Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Web3 $410k–$100M
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
Gemini
VC Fund
1 United States, Canada, Portugal Seed, Series A, Pre-Seed Cryptocurrency, Blockchain, FinTech $3.5M–$135M
Waterdrip Capital
VC Fund
1 Singapore, Canada, United States Seed, Series A Blockchain, Cryptocurrency, Information Technology $1M–$6M
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 Software, Information Technology, Artificial Intelligence $146k–$4.3M
Digital Finance Group (DFG)
VC Fund
1 United States, Singapore, Switzerland Seed, Series A 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 Portugal, United States, France Seed, Initial Coin Offering, Pre-Seed Financial Services, Cryptocurrency, FinTech $1.6M–$24M
Albert Wenger
Angel
1 United States, Germany, Switzerland Series A, Series B, Seed Software, Internet, Analytics $650k–$40M
MEXC Global
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Information Technology $1M–$30M
Access all 148 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 · 3 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, Pre-Seed
  • Geography: Portugal, United States, France

Investor stats

  • Total investments: 295
  • Round size: Seed $110k–$2M; Pre-Seed $107k–$547k
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • AddVolt — AddVolt is a technology based company that tackles markets where there is a high potential for diesel costs reduction through the generation of solar and kinetic energy, while other secondary savings are generated (e.g. maintenance).
  • Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
  • Logical Safety — IoT safety for a safer, more productive workforce
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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
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 351
  • Round size: Seed $1.5M–$12M; Series A $6M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2023

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.
  • Cambrian — The financial intelligence layer for agents & institutions. Cambrian's API helps you make the best financial decisions onchain. Testnet waitlist @ https://t.co/eohvz17ALp
  • M0
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Maelstrom
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Portugal Blockchain startups, 7 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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Franklin Templeton
VC Fund · San Mateo, California, United States · 2 investments in Portugal Blockchain startups

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: 224
  • Round size: Seed $2M–$14M; Series A $7M–$150M; Series B $25M–$130M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2019

Portfolio highlights

  • Bambu — Bambu is a leading global digital wealth technology provider for financial institutions. We enable companies to make saving and investing simple and intelligent for their clients. The cloud-based platform is powered by our proprietary algorithms and machine learning tools. The company serves over 20 financial institutions globally. Founded in 2016,Bambu is headquartered in Singapore with a subsidiary in the United Kingdom and the United States and EMEA representatives.
  • Quantifeed — Quantifeed is Asia's leading digital wealth management platform for financial institutions.
  • Sumo Logic — Sumo Logic provides best-in-class cloud monitoring, log management, SIEM tools, and real-time insights for web and SaaS based apps.
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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 $318k–$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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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, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Portugal, Israel

Investor stats

  • Total investments: 106
  • Round size: Seed $1.2M–$7.3M; Series A $5.4M–$15M; Series B $15M–$35M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • EatTasty — Eattasty combina hechos y perspectiva para una cobertura completa y comprensible.
  • Bria — Bria is a Computer Software company.
  • 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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Dragonfly
VC Fund · San Francisco, California, United States · 2 investments in Portugal Blockchain startups, 9 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
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 211
  • Round size: Seed $2.2M–$16M; Series A $6.7M–$40M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $650M in 2022

Portfolio highlights

  • Sapiom — Where agents run
  • Venice — Private & Unrestricted AI | https://t.co/iIt1pyF1TK
  • Velocity — Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains.
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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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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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Access 48,091 investors

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

Browse database — It's Free!
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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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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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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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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Bware Labs
VC Fund · 1 investments in Portugal Blockchain startups

Bware Labs provides an interface between Blockchain APIs consumers and node providers with integrated payment options and verified reliability, all embedded within our platform and protocol service.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Smart Contracts
  • Stage:Seed, Private Equity
  • Geography: Switzerland, Germany, United States

Investor stats

  • Total investments: 5
  • 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.
  • Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
  • BabylonChain — Babylon is a VC-backed blockchain project founded by Claude. E. Shannon Award recipient, Professor David Tse from Stanford University. The project’s mission is to bring Bitcoin’s unparalleled security to all PoS blockchains in the world. To this end, we are building, as the bridge between Bitcoin and the PoS world, a new public Cosmos-based PoSblockchain called Babylon with a native token.
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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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HTX
VC Fund · Beijing, Beijing, China · 1 investments in Portugal Blockchain startups

HTX serves its 10 million+ users worldwide with secure and stable trading services. Here at HTX, you can buy Bitcoin, Ethereum, Dogecoin, SHIB, and over 500 quality cryptocurrencies anywhere, anytime.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $2.1M–$18M; Series A $1M–$45M; Venture - Series Unknown $2.5M–$100M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • BabylonChain — Babylon is a VC-backed blockchain project founded by Claude. E. Shannon Award recipient, Professor David Tse from Stanford University. The project’s mission is to bring Bitcoin’s unparalleled security to all PoS blockchains in the world. To this end, we are building, as the bridge between Bitcoin and the PoS world, a new public Cosmos-based PoSblockchain called Babylon with a native token.
  • Lombard — Every onchain Bitcoin journey starts with Lombard.
  • Camp Network — Camp Network provides online camp registration and camp management software for all types of events across the United States.
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Mask Network
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Blockchain startups

Your Portal To The New, Open Internet.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Japan

Investor stats

  • Total investments: 120
  • Round size: Seed $1.4M–$9M; Pre-Seed $900k–$4M; Series A $10M–$25M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $50M in 2022

Portfolio highlights

  • TBook — The first embedded RWA liquidity layer that brings institutional-grade tokenized yield into user-facing apps
  • Depinsim — The Free Internet Protocol. Earn free mobile data at https://t.co/xm18x6oDwx
  • Honeypot Finance — Learn what Honeypot Finance is: a multi-chain DeFi liquidity hub with perpetual trading (vault-based risk engine), spot trading via AMM-native matching, and Honey Genesis NFT staking across multiple blockchains.
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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: 29
  • Round size: Seed $1.3M–$8.6M; Pre-Seed $1.1M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rivalz Network — Join the connectivity infrastructure between AI Agents, DeFAI and Markets.
  • 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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Balaji Srinivasan
Angel · San Francisco Bay Area, California, United States · 1 investments in Portugal Blockchain startups, 20 in the past 12 months

Balaji S. Srinivasan is the Co-Founder and Board Member of Coin Center. He was the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including anonline MOOC.

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Investment focus

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

Investor stats

  • Total investments: 271
  • Round size: Seed $2.3M–$15M; Pre-Seed $450k–$4.2M; Series A $6M–$28M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Vorflux — Cloud agents that ship production code. An opinionated harness that runs the full SDLC on dedicated machines.
  • BizScout — BizScout is an online platform of Off market deals for verified buyers and sellers.
  • Warp — Warp is a payroll and compliance tool that makes it easy for founders to hire, onboard, and pay their employees.
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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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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Blockchain startups

We’re an early stage European venture capital firm partnering with globally minded founders.We’re supportive, founder focused, and aim to work together with you as a close and collaborative team of independent thinkers. Along with the support of our entire network, each member of our team brings their own personal experience to the table. Thefirst ticket is up to 200K€ and the total investment in a given startup can be up to 1M€.We decide investments quickly, allowing the founders to get back focusing on growing the business. Our team and network of international mentors help young startups to scale quickly and to prepare for the next rounds.Our partners have been investing in tech-based startups since 2000 and have a portfolio of more than 100 companies in the USA, Brazil, The Netherlands, Spain and Portugal.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $262k–$4.9M; Pre-Seed $11k–$600k; Series A $5.4M–$12M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $17M in 2018

Portfolio highlights

  • Lyzer — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Primetag — AI-native influencer & creator marketing platform for brands & agencies. Find the best creators, analyse the market and competitors, and measure campaign performance.
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Marek Olszewski
Angel · San Francisco, California, United States · 1 investments in Portugal Blockchain startups

Marek Olszewski is the President at Valora.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Software
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$7M; Pre-Seed $400k–$700k
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Remox — Open-source treasury and governance analytics platform for on-chain communities.
  • Predicate — Policy for blockchain applications
  • Capsule Wallets — At Capsule, we thrive on challenging the design of products we use every day. In doing so, we hope to introduce you to a simpler way of living.
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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: 114
  • Round size: Seed $520k–$3.8M; Series A $4M–$17M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $53M in 2019

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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NetZero Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal Blockchain startups

A private investment firm supporting projects in the fields of distributed ledger technology and decentralised finance

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Seed $2M–$8.5M
  • 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.
  • Calimero Network — Welcome to Calimero's blog featuring news and educational content from the world of web3. With focus on privacy and scaling. For both techy and non-techy audience.
  • MetaVersus World — MetaVersus World is a Web3 metaverse service provider.
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Lemniscap
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Portugal Blockchain startups

Lemniscap is an investment firm specialising in investments in emerging cryptoassets and blockchain startups.

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Investment focus

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

Investor stats

  • Total investments: 139
  • Round size: Seed $1.9M–$8M; Pre-Seed $1M–$3M; Series A $3M–$30M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • 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.
  • Flying Tulip — Better Yield, Better UX
  • Hypernova — The onchain prop firm, built to back traders.
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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: 63
  • Round size: Seed $1.5M–$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: 159
  • Round size: Seed $1M–$6M; Venture - Series Unknown $1.3M–$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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Anton Bukov
Angel · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Portugal Blockchain startups

I am a philosopher, concept generator, and innovator with a deep fascination for technology, simplicity, and innovation, stemming from my software engineering journey that began in 2002. I have a profound curiosity in diverse domains such as algorithms, space exploration, blockchain technology, virtual and augmented reality, artificialintelligence, emerging energy sources, and new material sciences. My holistic and interdisciplinary approach propels me towards harnessing technology and innovation to conceive and create a future that surpasses the conventional boundaries of imagination

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Singapore, United Kingdom, United Arab Emirates

Investor stats

  • Total investments: 19
  • Round size: Seed $1.4M–$5M; Pre-Seed $410k–$655k; Series A $6M–$100M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Ammalgam — Trade your impermanent loss for permanent gain. Lend, trade or leverage any asset without oracles. Live now: https://t.co/2eend1xsPf
  • CrossCurve Metelayer — Your Unfair Advantage for Building in DeFi. Any token. Any chain. Any operation. One MetaLayer.
  • Lens Protocol — Lens Protocol is a composable and decentralized social graph, ready for you to build on so you can focus on creating a great experience, not scaling your users.
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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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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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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, Information Technology
  • Stage:Seed, Series A
  • Geography: Singapore, Canada, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$6M; Series A $2.8M–$3.7M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • TonUP — TonUP offers cryptocurrencies as well as IDO services.
  • 4Everland — 4EVERLAND is a Web 3.0 cloud computing platform that integrates storage, computing, and network core capabilities.
  • Ordz Games — Ordz Games is a gaming provider for the Bitcoin eco-chain.
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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
  • Geography: Canada, United States, Cyprus

Investor stats

  • Total investments: 69
  • Round size: Seed $376k–$4.3M; Pre-Seed $146k–$2.7M
  • Lead/follow: 9% lead, 91% follow

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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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
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 98
  • Round size: Seed $1.3M–$7.3M; Series A $1.9M–$32M
  • Lead/follow: 27% lead, 73% 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 is an AI search engine that embed intelligence.
  • 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, FinTech
  • Stage:Seed, Initial Coin Offering, Pre-Seed
  • Geography: Portugal, United States, France

Investor stats

  • Total investments: 8
  • Round size: Seed $1.6M–$3.3M; Initial Coin Offering $12M–$24M
  • Lead/follow: 0% lead, 100% follow

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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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: 108
  • Round size: Seed $650k–$16M; Series A $1M–$40M; 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 — Carbon Atlantis is producing energy-efficient approach for ocean-based carbon dioxide removal.
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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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Blockchain Investor funding in Portugal at a glance

Stats across 58 deals from 148 investors.

148
investors
in Portugal Blockchain startups
58
deals
in Portugal Blockchain startups
$1.5M
median round
in Portugal Blockchain startups
20%
lead investors
lead at least one round
43%
Seed
most common funding stage
86/14
VC / Angel
share of investor count

Access all 148 investors in Portugal Blockchain startups.

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