# Top 40 Energy VC (Venture Capital) Funds in Portugal in June 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 18 - 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: 5 - 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: 4 - 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. ## 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. ## 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. ## 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. ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - 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. ## 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. ## Korys - Type: VC Fund - Location: Halle, Vlaams-Brabant, Belgium - Relevant deals: 1 - Stages: Series B, Series A - Focus: Biotechnology, Renewable Energy, Information Technology 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. ## MCA CVC funds - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Solar, Power Grid MCA CVC Funds is an investment firm. ## 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. ## 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. ## 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. ## 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. ## Abacus Alpha - Type: VC Fund - Location: Frankenthal, Rheinland-Pfalz, Germany - Relevant deals: 1 - Stages: Seed - Focus: Automotive, Energy Storage, Electric Vehicle Abacus alpha is an investment company centred around a tradition-steeped, multinational listed company. They invest in companies that work in or for the following areas: energy, water, waste water and materials. Technology-oriented activities as well as services and trade are of particular interest to us. Both minority and majority shareholdingsare possible. ## 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. ## 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. ## Flybridge - Type: VC Fund - Location: Boston, Massachusetts, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, Artificial Intelligence, Information Technology New York and Boston Based Early-Stage Venture Capital Firm Backing Seed Stage AI Companies. Focused on AI Enablement, Developer Platforms, Agentic Business Applications, and Native AI for Human Ingenuity ## EDP Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: SaaS, Energy, Internet EDP Ventures is a venture capital investment firm. ## 200M - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - 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. ## 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. ## 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. ## Ganexa Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Fitness, Wellness, Health Care Ability to open doors on opportunities (potential clients/strategic partners/suppliers/etc). Add market credibility, something missing in many start-ups.Know-how that can save you time, money and unnecessary stress and worry. Ability to complement the existing management team, filling gapsThey understand the difficulties andhardships of starting and building a business. They are motivated to work with you on the building process, and not just wait for the end result ## Techstars Autonomous Technology - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: CleanTech, Manufacturing, Nanotechnology ## 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. ## 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. ## 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. ## 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. ## Future Energy Ventures - Type: VC Fund - Location: Essen, Nordrhein-Westfalen, Germany - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Energy, Information Technology Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure. ## Egis - Type: VC Fund - Location: Saint-quentin, Rhone-Alpes, France - Relevant deals: 1 - Stages: Series A - Focus: Energy, Renewable Energy, Natural Resources 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. ## SHIFT Invest - Type: VC Fund - Location: Amstelveen, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Biotechnology, Manufacturing, Information Technology SHIFT Invest is a Dutch venture capital fund that invests in early stage environmental impact startups ## 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. ## 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. ## 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. ## MOMENTUM HOLDINGS - Type: VC Fund - Location: Montgomery, Alabama, United States - Relevant deals: 1 - Stages: Seed - Focus: Automotive, Energy Storage, Electric Vehicle Momentum Holdings specializes in manufacturing, Harley Davidson® dealerships, and interior design materials. ## Lince Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - 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. ## Braincapital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Energy, Chemical, Railroad Braincapital is an angel Investor offering financial opportunities for companies. It is looking for projects out of Portugal. ## 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. ## Gorilla Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, SaaS, Information Technology Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies. ## 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.