# Top 50 Climate VC (Venture Capital) Funds in Portugal in June 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 23 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Health Care 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 ## Caixa Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 10 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS 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. ## HCapital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 7 - Stages: Seed, Series A - Focus: Software, Power Grid, Information Technology We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds. ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 5 - Stages: Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence 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. ## REDangels - Type: VC Fund - Location: Aveiro, Aveiro, Portugal - Relevant deals: 3 - Stages: Seed, Pre-Seed, Angel - Focus: Mobile, Internet of Things, Internet They believe the unbelievable and trust the untrustable. ## MSM - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Information Technology, Software, B2B MSM is a 45M€ early-stage impact VC fund. We invest in brave founders solving the world’s biggest social and environmental challenges. ## EDP Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Energy, Information Technology EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space ## Lince Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Venture - Series Unknown - Focus: E-Commerce, Information Technology, Retail 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. ## Olisipo Way - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Software, FinTech, Marketplace 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. ## Notion Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, SaaS Notion Capital is a VC firm focused on European SaaS and Cloud. ## Innovation Nest - Type: VC Fund - Location: Kraków, Malopolskie, Poland - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, E-Commerce 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. ## Join Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Manufacturing 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. ## Black and Blue Investimentos - Type: VC Fund - Location: Oliveira De Frades, Viseu, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: Solar, Power Grid Black and Blue Investimentos is an investment firm. ## 200M - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: Health Care, Artificial Intelligence, Retail 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. ## Indico Capital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Information Technology, E-Commerce, B2B 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. ## Teak Capital - Type: VC Fund - Location: Kuala Lumpur, Kuala Lumpur, Malaysia - Relevant deals: 1 - Stages: Seed, Series D - Focus: Baby, Biofuel, Children 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. ## Oxy Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Private Equity, Series A - Focus: Software, VoIP, Wireless Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level. ## BlueCrow Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Venture - Series Unknown, Pre-Seed - Focus: SaaS, Information Technology, Artificial Intelligence BlueCrow Capital is a venture capital firm. ## AngelsWay - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: E-Commerce, Art, Pet 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. ## LC Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series D - Focus: Information Technology, Artificial Intelligence, SaaS 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. ## Techstars Autonomous Technology - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: CleanTech, Manufacturing, Nanotechnology ## FORWARD.one - Type: VC Fund - Location: Amstelveen, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Semiconductor, Information Technology We are a leading non-profit establishing new relationships between agriculture and nature. Protecting the natural world and treasured wildlife. ## InterCapital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: SaaS, Human Resources, Biofuel 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. ## European regional development fund (ERDF) - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Grant, Pre-Seed - Focus: Software, Information Technology, Biotechnology The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision. ## Acumen - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Agriculture, Health Care, Financial Services 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. ## Verdane - Type: VC Fund - Location: Oslo, Oslo, Norway - Relevant deals: 1 - Stages: Private Equity, Series A - Focus: Software, E-Commerce, Information Technology The preferred growth partner to tech-enabled businesses in Northern Europe. ## Betwixt Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Drones, Energy, Mobile 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. ## Critical Software - Type: VC Fund - Location: Coimbra, Coimbra, Portugal - Relevant deals: 1 - Stages: Pre-Seed - Focus: FinTech, CleanTech, Crowdfunding 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. ## Investeco Capital - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Seed, Series A - Focus: Food and Beverage, Organic Food, Manufacturing InvestEco invests in innovative companies in the Food & Agriculture Sector. Learn More about our process, people, and companies. ## August One - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Analytics, Artificial Intelligence 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. ## Bynd Venture Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Health Care Bynd is a leading Iberian Venture Capital firm ## Schneider Electric Energy Access Asia - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A - Focus: Renewable Energy, Energy, Solar Schneider Electric is an investment fund dedicated to early and growth stage ventures in the energy access segment. ## Golden Egg Check Capital - Type: VC Fund - Location: Enschede, Overijssel, The Netherlands - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Machine Learning Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven. ## Beta Capital - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Software, Health Care, Biotechnology We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory. ## Inclimo Climate Tech Fund - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Transportation, Software, Logistics The INCLIMO Climate Tech Fund is a venture capital fund that supports Climate Tech companies across the verticals of FoodTech, AgroTech, PropTech, Circular Economy, Transport & Smart Mobility and UtilityTech that focus on reducing CO2 emissions. Our main goal is to invest in exceptional teams that generate systemic change through technology toensure a more sustainable world. Our contribution consists of identifying committed entrepreneurs with innovative ideas and support them to generate profitable business. To do that, we co-invest with top tier Venture Capital firms, Business Accelerators and Venture Builders. ## COREangels - Type: VC Fund - Location: Ílhavo, Aveiro, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Software, E-Commerce, Information Technology Where startups can get much more than money, and Investors can professionally invest as angels. ## Mota-Engil - Type: VC Fund - Location: Campanhã, Porto, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Solar, Power Grid Present within the corporate panorama for 65 years, the Mota-Engil Group is leader in Portugal in the construction, public works. ## Iberis Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Series A, Seed - Focus: Software, Information Technology, SaaS Iberis is an investment manager that operates a value-oriented investment management. ## MCA CVC funds - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Solar, Power Grid MCA CVC Funds is an investment firm. ## InterCapital Group - Type: VC Fund - Location: Wilmington, North Carolina, United States - Relevant deals: 1 - Stages: Seed - Focus: Biofuel, Biotechnology 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. ## Wayra - Type: VC Fund - Location: Madrid, Madrid, Spain - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS 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. ## Novabase Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Analytics 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. ## L-Bank - Type: VC Fund - Location: Karlsruhe, Baden-Wurttemberg, Germany - Relevant deals: 1 - Stages: Pre-Seed, Series A - Focus: Software, Information Technology, Manufacturing 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. ## Cornerstone VC - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Health Care, Artificial Intelligence Cornerstone VC operates as a venture capital firm. ## Seedrs - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Equity Crowdfunding, Pre-Seed - Focus: Software, E-Commerce, FinTech Online investing opportunities in the best new startup businesses, and raise seed and angel investment, with top European equity crowdfunding site Seedrs. ## Hiero - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Pre-Seed - Focus: Software, Compliance, Marketplace Hiero is a holding company that has developed, invested in, and contributed to dozens of early-stage ventures. ## Magnify Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Private Equity - Focus: Battery, Software, Consulting Magnify Partners is a finance consulting firm that specializes in offering financial advisory services along with fund management services. ## Norrsken Evolve - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: Software, Artificial Intelligence, CleanTech Norrsken Evolve is a pre-seed fund that supports the founders who are creating the future of Europe by offering funding,a top-notch in-person sprint, and an exceptional network. ## Crayhill Capital Management - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Debt Financing, Private Equity - Focus: FinTech, Financial Services, Energy Crayhill Capital Management is a New York based alternative asset management firm that specializes in sourcing and investing. ## G7 Renewable Energies - Type: VC Fund - Location: Cape Town, NA - South Africa, South Africa - Relevant deals: 1 - Stages: Series A - Focus: Energy, Renewable Energy, Natural Resources Leaders in renewable energy development in Sub-Saharan Africa.