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Top 50 Climate Startup Investors in Portugal (June 2026)

The most active venture capital funds and angel investors investing in Portugal Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Climate 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
23 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $110k–$2.1M
Caixa Capital
VC Fund
10 Portugal, United States, Spain Seed, Series A Software, Information Technology, SaaS $120k–$12M
HCapital Partners
VC Fund
7 Portugal, Spain, Switzerland Seed, Series A Software, Power Grid, Information Technology $1.1M–$8.5M
Armilar Venture Partners
VC Fund
5 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$16M
MSM
VC Fund
3 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, Software, B2B $219k–$9.9M
REDangels
VC Fund
3 Portugal, Poland, Germany Seed, Pre-Seed, Angel Mobile, Internet of Things, Internet $11k–$3M
Innovation Nest
VC Fund
2 Poland, United States, United Kingdom Seed, Series A Software, SaaS, E-Commerce $25k–$11M
EDP Ventures
VC Fund
2 Portugal, United States, Brazil Seed, Series A Software, Energy, Information Technology $478k–$14M
Join Capital
VC Fund
2 Germany, United Kingdom, The Netherlands Seed, Series A Software, Artificial Intelligence, Manufacturing $1M–$27M
Notion Capital
VC Fund
2 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS $1M–$60M
200M
VC Fund
2 Portugal, Brazil, France Seed, Series A Health Care, Artificial Intelligence, Retail $2.7M–$5.9M
Indico Capital Partners
VC Fund
2 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
Lince Capital
VC Fund
2 Portugal, United Kingdom, Malta Seed, Venture - Series Unknown E-Commerce, Information Technology, Retail $1.1M–$6.8M
Black and Blue Investimentos
VC Fund
2 Portugal Seed, Series A Solar, Power Grid
Olisipo Way
VC Fund
2 Portugal, Lithuania Pre-Seed, Seed Software, FinTech, Marketplace $159k–$6.5M
Pascal Levy-Garboua
Angel
1 United States, Morocco, Portugal Seed, Pre-Seed, Angel Financial Services, FinTech, Marketplace
Carlos Oliveira
Angel
1 Portugal Seed Sensor, Software, Wind Energy
InterCapital
VC Fund
1 United Kingdom, Portugal Seed SaaS, Human Resources, Biofuel
Critical Software
VC Fund
1 Portugal Pre-Seed FinTech, CleanTech, Crowdfunding
Verdane
VC Fund
1 Sweden, Norway, Germany Private Equity, Series A Software, E-Commerce, Information Technology $4.5M–$100M
Golden Egg Check Capital
VC Fund
1 The Netherlands, Germany, Canada Seed, Pre-Seed, Series A Software, Information Technology, Machine Learning $537k–$4.7M
Wayra
VC Fund
1 Spain, United Kingdom, United States Seed, Series A Software, Information Technology, SaaS $145k–$15M
Cornerstone VC
VC Fund
1 United Kingdom, Portugal, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $1.5M–$25M
Techstars Autonomous Technology
VC Fund
1 Portugal Seed, Pre-Seed CleanTech, Manufacturing, Nanotechnology $120k–$120k
InterCapital Group
VC Fund
1 Portugal Seed Biofuel, Biotechnology
FORWARD.one
VC Fund
1 The Netherlands, Germany, Sweden Seed, Series A Software, Semiconductor, Information Technology $2.2M–$21M
L-Bank
VC Fund
1 Germany, Taiwan, Portugal Pre-Seed, Series A Software, Information Technology, Manufacturing $212k–$72M
Bynd Venture Capital
VC Fund
1 Portugal, Spain, United States Seed, Pre-Seed, Series A Software, SaaS, Health Care $483k–$50M
Mota-Engil
VC Fund
1 Portugal Seed Solar, Power Grid
Iberis Capital
VC Fund
1 Portugal, Spain, United States Series A, Seed Software, Information Technology, SaaS $2.2M–$43M
Hiero
VC Fund
1 Portugal Pre-Seed Software, Compliance, Marketplace
Investeco Capital
VC Fund
1 Canada, United States, Portugal Seed, Series A Food and Beverage, Organic Food, Manufacturing $250k–$14M
August One
VC Fund
1 Singapore, United States, Portugal Seed, Series A Software, Analytics, Artificial Intelligence $450k–$7.8M
G7 Renewable Energies
VC Fund
1 Portugal Series A Energy, Renewable Energy, Natural Resources
Betwixt Ventures
VC Fund
1 Portugal Seed Drones, Energy, Mobile $137k–$1.2M
Acumen
VC Fund
1 United States, India, Kenya Seed, Series A Agriculture, Health Care, Financial Services $300k–$13M
Schneider Electric Energy Access Asia
VC Fund
1 India, France, Vietnam Seed, Series A Renewable Energy, Energy, Solar $1M–$2.7M
Joaquim Sérvulo Rodrigues
Angel
1 Portugal, United States, Australia Series A, Seed, Series B Energy, Manufacturing, Renewable Energy $1.6M–$40M
Bhavik Bajaj
Angel
1 United States, Switzerland, United Kingdom Pre-Seed, Seed, Angel Information Technology, Software, FinTech $15k–$3M
Egis
VC Fund
1 Portugal Series A Energy, Renewable Energy, Natural Resources
Beta Capital
VC Fund
1 Portugal, United Kingdom Seed Software, Health Care, Biotechnology $476k–$3.1M
Oxy Capital
VC Fund
1 Portugal, Italy Private Equity, Series A Software, VoIP, Wireless $8.7M–$12M
COREangels
VC Fund
1 Spain, Portugal, United Kingdom Seed, Pre-Seed, Angel Software, E-Commerce, Information Technology $159k–$5.3M
Vasco de Mello
Angel
1 Portugal Seed Energy, Energy Efficiency
Teak Capital
VC Fund
1 Malaysia, Portugal, United States Seed, Series D Baby, Biofuel, Children
MCA CVC funds
VC Fund
1 Portugal Seed Solar, Power Grid
Novabase Capital
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, Information Technology, Analytics $576k–$3M
Marc de Jong
Angel
1 Portugal Seed Sensor, Software, Wind Energy
Korys
VC Fund
1 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $3.9M–$110M
AngelsWay
VC Fund
1 Portugal Seed EdTech, Social Impact, Human Resources
Access all 50 investors in Portugal Climate 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 · 23 investments in Portugal Climate 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: 225
  • Round size: Seed $110k–$2.1M; Pre-Seed $110k–$658k
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • PLUTOS — We are here to make sure that your Puppy gets the best treat! PLUTOS were created specifically for dogs to have fun. Find out our dog healthy chews.
  • SCUBIC — SCUBIC is a developer of a cloud-based analytics platform. They were designed to help water utilities and industries improve the management of water supply systems. They combine water management, energy efficiency techniques, data science, hydraulics, and software engineering in order to deliver impactful solutions that improve systems andprocesses. They are specialized services that account for the energy usage in homes, service buildings, or industrial plants.
  • KeepIt Energy — KeepIt - KeepIt will place an energy storage technology on the market and thus contribute to a successful energy transition. This technology, which can potentially be used in different market segments, from home solar systems in developing countries to grid support in developed countries, will make an important contribution to harmonisingproduction and consumption in a world that runs on electricity produced entirely from renewable sources. KeepIt is a spin-off from the Faculty of Sciences of the University of Lisbon, stemming from the doctoral work in which its founding partners were involved.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 10 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • Noxus — At Spot, we're crafting the operating system for tomorrow's workforce, harnessing AI to streamline influencer marketing. Our platform empowers agencies, businesses, and content creators to collaborate effectively and reach audiences with ease.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 7 investments in Portugal Climate startups

We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds.

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Investment focus

  • Industry: Software, Power Grid, Information Technology
  • Stage:Seed, Series A
  • Geography: Portugal, Spain, Switzerland

Investor stats

  • Total investments: 16
  • Round size: Seed $1.1M–$3.2M; Series A $4.7M–$8.5M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2017

Portfolio highlights

  • Automaise — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.
  • Libattion — Sustainable, modular, grid-scale battery energy storage solutions with CO2-certificate. For industrial and commercial applications.
  • Eneida — Operational Analytics LV Apps, software and smart sensor for LV Network Monitoring, Control, and Visibility
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Climate 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: 101
  • Round size: Seed $500k–$4.8M; Series A $4M–$16M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $53M in 2019

Portfolio highlights

  • Equall — Equall offers legal AI systems to help companies and lawyers evaluate and control risk.
  • DOJO AI — Dojo AI is pioneering the Marketing Operating System (MOS) category, providing challenger brands with enterprise-grade marketing infrastructure. Its proprietary technology combines real-time market intelligence, specialized AI agents, and automated workflow orchestration in one unified platform.The Dojo MOS enables marketing teams to run theirentire operation - from market research and strategy to content creation and campaign execution - through a single, intelligent system. The platform features a proprietary graph engine for real-time market intelligence, marketing-specific language models, and autonomous AI agents trained for specialized marketing tasks.Built for challenger brands looking to compete more effectively, Dojo eliminates the need for multiple point solutions and reduces dependency on external agencies. The platform continuously learns and optimizes, providing companies with compounding advantages as they scale their marketing operations.
  • DareData
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MSM
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Climate startups

MSM is a 45M€ early-stage impact VC fund. We invest in brave founders solving the world’s biggest social and environmental challenges.

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Investment focus

  • Industry: Information Technology, Software, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Portugal, Germany

Investor stats

  • Total investments: 43
  • Round size: Seed $1.3M–$4.1M; Pre-Seed $219k–$3M; Series A $4.1M–$9.9M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Kitch — Centralize all your delivery apps or create your own delivery channel for your restaurant with Kitch. Join for free!
  • Omocom — Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 3 investments in Portugal Climate startups

They believe the unbelievable and trust the untrustable.

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Investment focus

  • Industry: Mobile, Internet of Things, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Poland, Germany

Investor stats

  • Total investments: 23
  • Round size: Seed $110k–$3M; Angel $55k–$181k; Pre-Seed $11k–$55k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Sensefinity — Sensefinity The Blockchain IoT Transformation Company Building the Internet of Cargo Where Assets autonomously connect to processes
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Innovation Nest
VC Fund · Kraków, Malopolskie, Poland · 2 investments in Portugal Climate startups

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

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 75
  • Round size: Seed $25k–$2.5M; Series A $4.5M–$11M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $12M in 2011

Portfolio highlights

  • Kenjo — All-in-one human resources (HR) software created for SMEs that need to optimise their processes. Click to find out more!
  • Antavo Enterprise Loyalty Cloud — Engage non-loyalty members with our promotion technology and build your customer loyalty program faster with our AI-powered loyalty management software.
  • AI Clearing — AI-powered platform for construction progress tracking and quality control, supporting contractors and asset owners in energy, utilities, infrastructure, and civil construction projects.
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EDP Ventures
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Climate startups

EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Seed, Series A
  • Geography: Portugal, United States, Brazil

Investor stats

  • Total investments: 53
  • Round size: Seed $478k–$3M; Series A $1.7M–$14M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $8M in 2018

Portfolio highlights

  • Drivit — Drivit turns any smartphone into a high-quality telematics device. Power your mobility app with features that will show you the best way to a safer, cheaper and more sustainable driving.
  • Voltbras — We connect charging networks to electric vehicle and fleet drivers, from the management of points to payment for the service
  • Delfos Energy — Why did it Fail? Avoid unexpected failures across your assetsReduce the risk of unexpected failuresmoreOptimize Maintenance Windowsmoreretain and scale up operational knowledgemoreplatform real time monitoring, analysis and predictions for renewable energy and oil&gas assetsVIEW OUR APPLICATIONS customer and partnerssee what our customers say about our solutions TestimonialsYour failure prediction alarm, helped us avoid an
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Join Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 47
  • Round size: Seed $1M–$6.5M; Series A $5.1M–$27M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • QuadSAT — Develops radio frequency detection and geolocation payloads and software enabling electromagnetic spectrum control for defense operations.
  • 36ZERO Vision — FotoNow is an AI-powered visual inspection system developed to identify and solve a wide range of manufacturing quality issues. It offers a fully automated error tracking and identification for optimized manufacturing agility and quality, factory throughput, and capital spending.
  • InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
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Notion Capital
VC Fund · London, England, United Kingdom · 2 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 260
  • Round size: Seed $1M–$6.5M; Series A $4.5M–$25M; Series B $7.5M–$60M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Apperio — Apperio’s legal spend management software provides real-time visibility to help control and optimise your external spend with law firms. Data is gathered automatically, structured consistently and presented simply for analysis to help you make informed business decisions. Our unique approach of connecting directly with law firms’ practicemanagement systems provides ongoing and historical data at the touch of a button. This gives you complete cost certainty on both billed matters and work-in-progress legal fees. Apperio helps in-house teams to stay in control of their legal spend and build trust with external counsel by offering a collaborative, rather than adversarial approach to legal spend management.
  • HeyJobs — Intelligent recruiting | more hires with performance marketing | only qualified candidates | fast recruiting success | over 1,500 companies use HeyJobs to find employees
  • Connecty AI — Connecty AI is a contextual intelligence platform for vast data. It leverages Gen AI for an integrated solution for enterprise-specific context building, data prep and trusted insights, saving 100s of hours for data teams.
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Access 48,091 investors

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

Browse database — It's Free!
200M
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal Climate startups

200M is a Portuguese public fund of 200 million euros designed to co-invest with the best VCs from around the world in startups which are growing their business out of Portugal.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Retail
  • Stage:Seed, Series A
  • Geography: Portugal, Brazil, France

Investor stats

  • Total investments: 7
  • Round size: Seed $2.7M–$5.9M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.
  • Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.
  • Sound Particles — A CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world
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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Climate startups, 8 in the past 12 months

Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, internet of things, fintech, cybersecurity and digital companies, targeting investments at Seed to Series A level. Founded in 2017, the team at Indico werepreviously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia. In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong Portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecosystem.

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Investment focus

  • Industry: Information Technology, E-Commerce, B2B
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 43
  • Lead/follow: no public data

Portfolio highlights

  • FRVR — FRVR brings captivating games to billions of players instantly.
  • Indie Campers — Indie Campers offers adventurers the opportunity to start their journey in one location and end it in any of our other depots, while delivering an outstanding customer service for a unique and unforgettable experience.
  • Oceano Fresco — Oceano Fresco develops and produces bivalves varieties with superior performance for shellfish farmers at a competitive cost, respecting environmental sustainability and ensuring consumer safety.They use a multi-disciplinary approach including expertise in molecular biology, genetics, animal physiology, computational biology and intellectualproperty to select value adding traits to shellfish farmers and contribute to the sustainability and profitability of the aquaculture industry.They work with hatcheries, nurseries and research centers in order to test and validate their solutions and ensure that they suit the specific needs of each customer, in each technical and environmental context.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Climate startups

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

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Investment focus

  • Industry: E-Commerce, Information Technology, Retail
  • Stage:Seed, Venture - Series Unknown
  • Geography: Portugal, United Kingdom, Malta

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$6.8M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Zen8 — Explore Connected Swim Training at zwim.com. Smart Swim Trainer + data + immersive game = real swim power. Train at home, get faster in the water. Join the waitlist now.
  • Hytro — Hytro manufactures garments with built-in blood flow restriction designed for use in training and recovery.
  • OSCAR — On-demand app for home services like repair, cleaning and laundry with fixed prices in less than 30 minutes.
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Black and Blue Investimentos
VC Fund · Oliveira De Frades, Viseu, Portugal · 2 investments in Portugal Climate startups

Black and Blue Investimentos is an investment firm.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed, Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Climate startups

Olisipo Way is an early-stage venture firm that focuses on IT investments. It invests in technology companies with very diverse and complementary skills. The initial portfolio of Olisipo Way comes from the innovation created within the Olisipo through the continuous stimulation of innovation among employees and the incubation of new businessventures.The firm was founded in 2015 and is headquartered in Lisbon, Lisboa.

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Investment focus

  • Industry: Software, FinTech, Marketplace
  • Stage:Pre-Seed, Seed
  • Geography: Portugal, Lithuania

Investor stats

  • Total investments: 18
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $159k–$1.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • DoJob.ai — DoJob.ai is an AI-powered online platform engineered to elevate the management and planning capabilities of business organizations. It primarily serves these organizations by providing tools and features that boost the productivity of knowledge workers. More than just a tool for document creation, DoJob.ai acts as a partner for the strategy andmanagement functions within businesses. It aids in the development of strategic plans, operational documents, and other business-related documents, thereby enhancing the influence of individuals within their roles and the organization as a whole.
  • hAPI — hAPI offers financial solutions through APIs to collect financing information and documentation.
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Pascal Levy-Garboua
Angel · San Francisco, California, United States · 1 investments in Portugal Climate startups

Pascal Levy-Garboua is an angel investor, founder, and operator. He is currently VP. Business Development at Checkr, where he joined as their first executive and Employee #9.Previously, he was CEO/Cofounder at SixDoors, Cofounder at VirtuOz (acquired by Nuance Communications) and VP Product at IQ Engines (Acquired by Yahoo). He started hiscareer at eBay in France.Pascal invested in 85+ Companies including Checkr, Wag, Womply, Origin, RealtyShares, and Caviar (Acquired by Square).

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Investment focus

  • Industry: Financial Services, FinTech, Marketplace
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Morocco, Portugal

Investor stats

  • Total investments: 28
  • Lead/follow: no public data

Portfolio highlights

  • Origin — Introducing Origin One, a manufacturing-grade printer that enables additive mass production of end-use parts.
  • Base64 — Base64 Document Intelligence Platform automates document processing with Agentic AI and over 2,800 prebuilt models.
  • Set Labs — Set Labs is creating the next generation of finance through crypto-financial primitives. The company is developing tools that enable developers to bundle crypto assets together called Sets, which allow users to create cryptocurrency baskets, baskets of non-fungibles, baskets of on-chain securities, and more.
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Carlos Oliveira
Angel · 1 investments in Portugal Climate startups

Carlos Oliveira

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Investment focus

  • Industry: Sensor, Software, Wind Energy
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Fibersail — “If you cannot measure it, you cannot improve it” (William Kelvin)Fibersail develops a shape sensing system based on FBG fiber optic research and development to monitor and analyze wind turbine blades in terms of shape, condition, and behavior. The real-time information provided by our system will help wind turbine operators maximize performanceand availability while preventing failures and minimizing maintenance costs from their assets.Our unique solution and approach with fiber optic sensors make it possible for a very easy and simple integration along the entire length of any critical structure ensuring the monitoring of its precise shape and behavior.Fibersail - Shaping the structures of tomorrow.
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InterCapital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

We work across some of the most demanding industries, providing software and system services for safety, mission and business-critical applications. Our technical expertise and quality standards are not the only things that make us different. At our heart lies a culture and a deeply embedded set of values that define and guide us in every step wetake.

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Investment focus

  • Industry: FinTech, CleanTech, Crowdfunding
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • GoParity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
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Verdane
VC Fund · Oslo, Oslo, Norway · 1 investments in Portugal Climate startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 129
  • Round size: Series A $4.5M–$29M; Private Equity $10M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $8.6M in 2013

Portfolio highlights

  • Evondos — Welcome to Evondos, leading in the market when it comes to automated medicine dispensing service and robots. This is the start page.
  • Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
  • Release — Release engages in the mobile phone re-commerce market.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 1 investments in Portugal Climate startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Canada

Investor stats

  • Total investments: 36
  • Round size: Seed $1.1M–$4.7M; Pre-Seed $537k–$1.3M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — raised $511k in 2022

Portfolio highlights

  • Swipelux — Increase your revenue and improve compliance with one toolkit.
  • Sama — Sama elevates engagement to make the world a better place. B2B SaaS professional coaching to tackle challenges including diversity, performance, leadership. The Sama team, its select coach partners and clients share the mission of elevating engagement.
  • Peak Quantum — Peak Quantum focused on developing inherently error-protected superconducting quantum processors (QPUs).
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Wayra
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Climate startups

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

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Investment focus

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

Investor stats

  • Total investments: 240
  • Round size: Seed $145k–$2.6M; Series A $2.5M–$15M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • MetaSoccer — MetaSoccer is a decentralized football metaverse where you can create your own club and generate income while you run it.
  • Smart Protection — Protect your revenue by eliminating threats and infringements. Gain full visibility of what is happening with your brand online.
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Cornerstone VC
VC Fund · London, England, United Kingdom · 1 investments in Portugal Climate startups

Cornerstone VC operates as a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 14
  • Round size: Seed $1.5M–$4.4M; Pre-Seed $1.7M–$2.4M; Series A $7.7M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Aster — Aster provides all-in-one patient management software for private practices, focussed on women's health. Serving OB/GYNs, Midwives, NPs, Doulas, Lactation Consultants and more..
  • Evaro — Add prescription healthcare to your platform in days, not years. Complete healthcare integration with regulatory compliance, clinical oversight, and fulfilment.
  • ComplyStream — ComplyStream enables faster and smarter FinCrime alert resolution by unifying your fragmented data, communication and workflows in a single AI-native platform.
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Techstars Autonomous Technology
VC Fund · 1 investments in Portugal Climate startups

Investment focus

  • Industry: CleanTech, Manufacturing, Nanotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $120k–$120k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Guardion, Inc
  • OmniPreSense
  • 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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InterCapital Group
VC Fund · Wilmington, North Carolina, United States · 1 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
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FORWARD.one
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Portugal Climate startups

We are a leading non-profit establishing new relationships between agriculture and nature. Protecting the natural world and treasured wildlife.

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Investment focus

  • Industry: Software, Semiconductor, Information Technology
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 52
  • Round size: Seed $2.9M–$6M; Series A $2.2M–$21M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $170M in 2021

Portfolio highlights

  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • QuantWare — QuantWare designs, develops and fabricates state-of-the-art superconducting Quantum Hardware with excellent specs, and good service.
  • Villari — Villari delivers wireless structural health monitoring technology. Our crack detection system monitors critical locations of the structure: identified cracks, crack indications, or high stress locations. With Villari you can monitor fatigue cracks in steel welds continuously.
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L-Bank
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Portugal Climate startups

The L-Bank is committed to ensuring a high-performing economy, a high quality of life and a secure future. For individuals who want to gainfully employ their strengths or need support to develop them. For businesses that create jobs through their commitment and for communities seeking to improve the quality of their inhabitants' lives. Inshort: for Baden-Württemberg.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Pre-Seed, Series A
  • Geography: Germany, Taiwan, Portugal

Investor stats

  • Total investments: 28
  • Round size: Pre-Seed $212k–$4.4M; Series A $6M–$72M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Q.ANT — Q.ANT develops photonic processors for AI and high-performance computing, utilizing light for information processing. The company also produces quantum sensors offering ultra-high magnetic field sensitivity in a compact form factor. These products aim to enable more intelligent and sustainable systems across various sectors like data centers,aerospace, and medical technology.
  • HappySupport — HappySupport is a self-updating Help Center platform for B2B and B2C SaaS companies. The product records user interface actions in the customer's software as DOM and CSS selector chains, not as pixel screenshots or video. A GitHub integration tracks the customer's front-end source code and updates affected guides automatically when theunderlying UI changes.HappySupport ships in three components. HappyRecorder is a Chrome browser extension used to capture guide content. HappyAgent is the GitHub Sync engine that maintains documentation against the source. HappyWidget is an in-product overlay that surfaces relevant guides inside the customer's application.The company was co-founded by Henrik Roth and Niklas Gysinn and is based in Germany.
  • meinhaus.digital — meinhaus.digital provides an AI-powered platform to simplify planning, costing, and financing for home renovations and refurbishments of existing properties.
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Climate startups

Bynd is a leading Iberian Venture Capital firm

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Seed $483k–$5.3M; Pre-Seed $576k–$2.1M; Series A $5.5M–$50M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Pollen — Pollen is developing a universal battery-swapping network for mopeds and motorcycles, enabling riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and supporting efficient, scalable electric mobility in urban environments.
  • Wio Capital — Wio Capital is a wealthtech company that builds an AI-powered wealth management platform for financial advisors, offices, and bankers.
  • Spacebackend — Spacebackend is redefining how aerospace teams handle mission-critical integration. Our platform, Lynapse, is an AI-powered system integration environment designed for engineers-in-the-loop. We empower software integration and AIT/AIV teams to bridge the gap from hardware interface to flight-ready software - starting in the design phase andcontinuing through end-to-end integration.By decoupling software readiness from physical hardware and leveraging AI to automate the implementation of complex interfaces, we reduce integration effort from years to days. Lynapse uses AI to convert complex ICD documentation into digital models, automatically producing, testing, and validating platform-agnostic source code.Our workflow ensures every line of code is deterministic, engineer-approved, and fully traceable from documentation to deployment. Whether you are generating platform-agnostic code from scratch or validating existing flight software against a digital ICD model, Lynapse exposes failures and readiness gaps early - when it matters most. Build integration readiness today.
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Mota-Engil
VC Fund · Campanhã, Porto, Portugal · 1 investments in Portugal Climate startups

Present within the corporate panorama for 65 years, the Mota-Engil Group is leader in Portugal in the construction, public works.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $2.2M–$3.2M; Series A $6M–$43M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
  • Connected — Connected is a startup that offers affordable connecting humans, unleashing a new wave of IoT-based business models and contributing to bridge the digital gap.
  • Sound Particles — A CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world
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Hiero
VC Fund · New York, New York, United States · 1 investments in Portugal Climate startups

Hiero is a holding company that has developed, invested in, and contributed to dozens of early-stage ventures.

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Investment focus

  • Industry: Software, Compliance, Marketplace
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Checkfirst — Create AI-powered inspection workflows that collect and verify on-site data, effortlessly.
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Investeco Capital
VC Fund · Toronto, Ontario, Canada · 1 investments in Portugal Climate startups

InvestEco invests in innovative companies in the Food & Agriculture Sector. Learn More about our process, people, and companies.

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Investment focus

  • Industry: Food and Beverage, Organic Food, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States, Portugal

Investor stats

  • Total investments: 49
  • Round size: Seed $250k–$4M; Series A $4.3M–$14M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • GoParity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
  • Little Sesame — Serving up smooth hummus & sunny vibes.
  • The Jackfruit Company — The Jackfruit Company (TJC) is the producing convenient, whole food, plant-based products.
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August One
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Climate startups

August One is a private investment firm and a Monetary Authority of Singapore registered Venture Capital firm. Through its family office platform and investment funds, August One focuses on enabling exceptional people to make a significant impact on the way they live and work. The company is committed to preserving the legacies, serve theaspirations and out-serve the ambitions of families, investors, founders, and partners. Through its Investment Funds and Venture Building program, August One helps its portfolio companies grow their core businesses, launch new initiatives, enter new markets and build and use technologies to drive long term growth and impact.August One was founded in 2015 and is headquartered in Singapore.

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Investment focus

  • Industry: Software, Analytics, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Portugal

Investor stats

  • Total investments: 19
  • Round size: Seed $652k–$2.2M; Series A $450k–$7.8M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Resync — An Intelligent Energy Cloud Platform for smart cities and systems with distributed energy sources. Resync uses AI based edge computing and machine learning optimisation to aggregate, analyse and optimize energy generation, distribution and consumption.
  • Glartek — Glartek is a technology-enabled services company focused on Industrial Internet of Things and Augmented reality solutions. With their experience in development solution for industry and their knowledge in field management, they are able to provide the best expertise in cloud analytics and augmented reality tools for the industry.
  • OurSupport — Book vetted local IT technicians for on-site or remote support in minutes. Transparent pricing, global coverage, and an AI self-help tool - all from one app.
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G7 Renewable Energies
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Portugal Climate startups

Leaders in renewable energy development in Sub-Saharan Africa.

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Investment focus

  • Industry: Energy, Renewable Energy, Natural Resources
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RVE.SOL - Solucoes de Energia Rural — Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5.RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for therural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future.Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture.A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate:1. Access to clean water to obviate transmission of water borne disease2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers.Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.
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Betwixt Ventures
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Climate startups

Betwixt Ventures focuses on bringing together startups with Venture Capital Investors.By raising a pledge fund exclusively targeting investments on early stage startups with high potential, Betwixt Ventures proposes to add value through the following main activities:• Origination, screening, negotiation of deal terms, and monitoring of vettedstartups• Startup follow up, mentoring, consulting and value creation• Attraction of venture capital funds and placement of further investment rounds• Attraction of exit opportunities and facilitation of exit processStarting its capital raise in October 2015, the pledge fund will exclusively target investments on early stage startups typically based out of Portugal. At a second stage, it intends to invest also in Spanish and Italian startups. While no particular industry will be ruled out from the investment scope, the pledge fund will tend to focus on the broad technology and energy sectors. As a pre-requisite, it will either invest in startups previously vetted by other Business Angels, or co-invest in them with other seed or venture capital funds as partners. The focus of the pledge fund will be to invest in the gap between seed and series A rounds. Upon the investment at this stage, Betwixt Ventures will seek to attract further institutional investment rounds, internationally.On top of the pledge fund management, Betwixt Ventures will also offer both financial and general advisory services to startups. The former include either the attraction of venture capital funds for placement of further investment rounds, or the attraction of strategic buyers for potential M&A transactions, mainly in the US market. The later encompass 360 degrees consulting to startups, from marketing & sales, to business development and management.

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Investment focus

  • Industry: Drones, Energy, Mobile
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Round size: Seed $137k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
  • BladeInsight — BladeInsight offers innovative solutions for wind turbine blade operations and maintenance.
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Acumen
VC Fund · New York, New York, United States · 1 investments in Portugal Climate startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Health Care, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 157
  • Round size: Seed $300k–$4.2M; Series A $1.6M–$13M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $2.8M in 2019

Portfolio highlights

  • AgroEknor — AgroEknor provides agricultural research, integration, technology based optimization & global delivery of the agro superfoods.
  • Juhudi Kilimo — Juhudi Kilimo is a social enterprise that provides asset financing and technical assistance to smallholder farmers and small-to-medium agro-businesses.
  • Gulu Agricultural Development Company — GADC was established in northern Uganda in the aftermath of the LRA-instigated war which devastated the region for nearly 20 years.
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Schneider Electric Energy Access Asia
VC Fund · 1 investments in Portugal Climate startups

Schneider Electric is an investment fund dedicated to early and growth stage ventures in the energy access segment.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Seed, Series A
  • Geography: India, France, Vietnam

Investor stats

  • Total investments: 13
  • Round size: Seed $1M–$2.7M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Agros — Agros exist to make farming economically viable and environmentally sustainable. The company provides farmers with carbon-reducing and income-increasing products and services, from input to market. Their unique ecosystem approach aggregates different low-carbon technologies, bundled with affordable finance, insurance, advisory and market access.Agros’ mission is to double the income of millions of farmers while reducing 100 megatons of annual carbon emissions.
  • Freyr Energy — We are a full-service Solar systems integration and solutions company. We help you with Solar System Installations for your home and business.
  • Selex Motors — Selex Motors, a startup in electric vehicles, is making urban transportation in busy cities of Southeast Asia green and empowering by offering the next generation of personal mobility.
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Joaquim Sérvulo Rodrigues
Angel · Lisbon, Lisboa, Portugal · 1 investments in Portugal Climate startups

Joaquim Sérvulo Rodrigues has a BSc and an MSc in Electrotechnical Engineering from IST (Portugal), and an MBA from INSEAD (France). From 1983 to 1995 he was Assistant Professor at IST and Research Project Leader of INESC. From 1997 to 2000 he was the General Manager of the Direct Channels Department of BES. From 2004 to 2006, he was CEO ofCrediflash SA, the card business unit of the BES Group, and General Manager of the BES Consumer Credits Department. From the very beginning, back in 2000, Joaquim has put his vast experience at the service of many of our global portfolio companies, both from a technical standpoint – drawing on his electrical engineering background and work as a teacher at IST (Lisbon) and as a researcher at INESC (a reference Portuguese research institute) – and from a management standpoint – putting to use his seasoned business skills and sense, built on his curriculum at INSEAD and his long experience developing businesses in the Banco Espírito Santo Group. A reference in the Venture Capital community, as CEO of Espírito Santo Ventures, Joaquim challenges the strategy and oversees the globality of our entire portfolio while remaining personally involved in many of the companies we invest in, and his door is always open to advise the team on all of them.

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Investment focus

  • Industry: Energy, Manufacturing, Renewable Energy
  • Stage:Series A, Seed, Series B
  • Geography: Portugal, United States, Australia

Investor stats

  • Total investments: 22
  • Round size: Seed $1.6M–$2.7M; Series A $4M–$9.3M; Series B $3.2M–$40M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
  • Miles in the Sky — Build impactful Learning Programs with a distinctive Learning Model. We help you along the journey, from design to delivery!
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Bhavik Bajaj
Angel · 1 investments in Portugal Climate startups

Bhavik Bajaj

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Investment focus

  • Industry: Information Technology, Software, FinTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $100k–$3M; Angel $15k–$1.6M; Pre-Seed $43k–$1.3M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Asepha — Asepha is an AI clinical decision support (CDS) tool to help healthcare professionals make faster clinical decisions.
  • ORA Technologies — E-Commerce, Super App
  • THIRUMALS PAPER ARIZONA PVT. LTD. — TRADING PLATFORM OF PULP , PAPER & PACKAGING
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Egis
VC Fund · Saint-quentin, Rhone-Alpes, France · 1 investments in Portugal Climate startups

Egis is an international engineering, assembly and project management group. In engineering and consulting, he works in the fields of transport, city, building, industry, water, environment and energy.

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Investment focus

  • Industry: Energy, Renewable Energy, Natural Resources
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RVE.SOL - Solucoes de Energia Rural — Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5.RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for therural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future.Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture.A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate:1. Access to clean water to obviate transmission of water borne disease2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers.Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.
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Beta Capital
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 7
  • Round size: Seed $476k–$3.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zen8 — Explore Connected Swim Training at zwim.com. Smart Swim Trainer + data + immersive game = real swim power. Train at home, get faster in the water. Join the waitlist now.
  • LoopOS — LoopOS is a comprehensive Circular Economy ERP system designed to optimize and streamline multiple processes including buybacks, returns, trade-ins, repairs, and consumer-to-consumer transactions. It focuses on providing tools to measure the impact of the activities.
  • PFx Biotech — PFx Biotech transforms food through bioinnovation by creating sustainable and nutritional alternative protein solutions.
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Oxy Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Climate startups

Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level.

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Investment focus

  • Industry: Software, VoIP, Wireless
  • Stage:Private Equity, Series A
  • Geography: Portugal, Italy

Investor stats

  • Total investments: 3
  • Round size: Private Equity $8.7M–$12M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Nonius Hospitality Technology — Integrated Cloud Based Hospitality Technology Solutions to Enhance Guest Experiences with Chromecast, TV, Wi-Fi, Networks, Signage and Voice.
  • Automaise — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.
  • SIF Italia — SIF Italia is a real estate based firm that provides property, asset management and condominium administration services.
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COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 1 investments in Portugal Climate startups

Where startups can get much more than money, and Investors can professionally invest as angels.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Spain, Portugal, United Kingdom

Investor stats

  • Total investments: 37
  • Round size: Seed $253k–$5.3M; Pre-Seed $159k–$549k
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Vartheo — Vartheo is at the forefront of transforming traditional marketing research with AI-Powered solutions.
  • Aloha — Aloha is an AI-powered all-in-one solution designed to help small hoteliers and vacation rental managers manage bookings, operations, marketing, and payments seamlessly. Our platform combines powerful tools such as Aloha Pro for property management, Aloha Pay for payment processing, Aloha Safe for guest insurance, and Aloha Store for additionalservices, all enhanced by intelligent AI agents to automate tasks, optimize revenue, and improve guest experiences. With a rapidly growing customer base and expansion into the U.S. and Latin American markets, Aloha empowers hospitality businesses to scale efficiently and deliver exceptional service.
  • HunterHero — Hunterhero combines proactive candidate sourcing with a network of autonomous recruiters to help companies find talent more effectively.
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Vasco de Mello
Angel · 1 investments in Portugal Climate startups

Vasco de Mello is Chairman and CEO of BRISA – AUTO-ESTRADAS DE PORTUGAL, S.A. A manager by training, with a bachelor’s degree from the American College of Switzerland (1978), and the attendance of the “Training Program” at Citicorp, in New York, and Banco Crefisul de Investimentos, in S. Paulo, Brazil (1978-1979), Vasco de Mello has held numerousexecutive positions in companies of the José de Mello Group (1980-1991) and was Chairman of Banco Mello and Companhia de Seguros Império (1992-2000).

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Investment focus

  • Industry: Energy, Energy Efficiency
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
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Teak Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Portugal Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

MCA CVC Funds is an investment firm.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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Novabase Capital
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Climate startups

Novabase Capital, Sociedade de Capital de Risco, SA is a venture capital firm owned entirely by Novabase SGPS, SA. Its main purpose is to find and support Portuguese ICT business projects – in early development or expanding – with high potential. Novabase Capital has an unique, specific expertise and a long track record in the development oftechnology-based SMEs throughout Portugal.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $576k–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2011

Portfolio highlights

  • WEEZIE — Weezie offers all-in-one fiber network management software focused on the automation and digitalization of all internal processes.
  • Glartek — Glartek is a technology-enabled services company focused on Industrial Internet of Things and Augmented reality solutions. With their experience in development solution for industry and their knowledge in field management, they are able to provide the best expertise in cloud analytics and augmented reality tools for the industry.
  • HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.
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Marc de Jong
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal Climate startups

Marc de Jong has had an extremely successful career with Phillips where he was previously a member of the Royal Philips Group Management Committee. He was CEO of various divisions within Philips and CEO of the automotive and identification businesses of NXP Semiconductors before beginning his own management consultancy. Marc de Jong holds aMasters in Physics and Mathematics from the Free University of Amsterdam, further qualifications in Economics and two MBA’s, one from the University of Rochester in the United States and another from the Erasmus University, Rotterdam.

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Investment focus

  • Industry: Sensor, Software, Wind Energy
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Fibersail — “If you cannot measure it, you cannot improve it” (William Kelvin)Fibersail develops a shape sensing system based on FBG fiber optic research and development to monitor and analyze wind turbine blades in terms of shape, condition, and behavior. The real-time information provided by our system will help wind turbine operators maximize performanceand availability while preventing failures and minimizing maintenance costs from their assets.Our unique solution and approach with fiber optic sensors make it possible for a very easy and simple integration along the entire length of any critical structure ensuring the monitoring of its precise shape and behavior.Fibersail - Shaping the structures of tomorrow.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 1 investments in Portugal Climate startups

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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Investment focus

  • Industry: Biotechnology, Renewable Energy, Information Technology
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 43
  • Round size: Series A $3.9M–$110M; Series B $6.4M–$41M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Greenely — Greenely is the electricity company that optimizes your electricity use using smart technology in an app. We help you take control of your consumption.
  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
  • Commit Biologics — Add a description for facebook
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AngelsWay
VC Fund · 1 investments in Portugal Climate startups

Discover the power of community-driven investing with Angels Way - a Portugal-based organization dedicated to fostering the growth and success of early-stage startups. By providing funding, resources, and support, we empower technology-driven companies to make a real difference in the world. Join us in our mission to drive innovation and change through the next generation of startups in Portugal.

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Investment focus

  • Industry: EdTech, Social Impact, Human Resources
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Curiouz — Curiouz is a tech-enabled platform dedicated to source, authenticate and deliver iconic vintage furniture pieces for interior designers, collectors, and design lovers. We bring together a unique selection of items combining sustainability, craftsmanship, and technology. Discover unique items that elevate interiors.
  • WiseWorld — WiseWorld is the best way to master soft skills.
  • CourtMaster — Upgrade your padel club with the best camera for padel - stream matches, analyze games and offer players pro-level insights. Increase engagement and revenue today with the CourtMaster solution!
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