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Top 25 Enterprise Software Startup Investors in Portugal (September 2026)

The most active venture capital funds and angel investors investing in Portugal Enterprise Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Enterprise Software 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
8 Portugal, United States, France Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $107k–$3.6M
Start Ventures
VC Fund
5 United States, United Kingdom, Portugal Seed, Series A, Venture - Series Unknown InsurTech, Software, Insurance $940k–$17M
EDP Ventures
VC Fund
3 United States, Portugal, Brazil Seed, Series A, Venture - Series Unknown Software, Energy, Information Technology $530k–$14M
HCapital Partners
VC Fund
2 Portugal, Italy, Spain Seed, Venture - Series Unknown, Series A Software, Power Grid, Information Technology $1.1M–$15M
Semapa Next
VC Fund
2 Portugal, United Kingdom, Germany Series A, Seed, Pre-Seed Software, Artificial Intelligence, SaaS $222k–$32M
Iberis Capital
VC Fund
2 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $107k–$23M
Headline
VC Fund
2 United States, Germany, Brazil Series A, Series B, Seed Software, E-Commerce, Information Technology $1M–$87M
REDangels
VC Fund
2 Portugal, United States, Poland Seed, Pre-Seed, Angel Information Technology, Mobile, Machine Learning $11k–$1.6M
Golden Gate Ventures
VC Fund
1 Singapore, Indonesia, United States Seed, Series A, Series B FinTech, Software, Financial Services $473k–$60M
Paulo Alexandre Lopes
Angel
1 Brazil, Portugal Pre-Seed SaaS, Boating, Gambling $106k–$3.5M
J12
VC Fund
1 Sweden, Norway, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$30M
Digital Turbine
VC Fund
1 Portugal, South Korea Corporate Round Mobile, Apps, Android $9.1M–$10M
TheVentureCity
VC Fund
1 United States, Spain, Brazil Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $100k–$18M
Shilling VC
VC Fund
1 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Faber
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $29k–$25M
Portugal Gateway Fund
VC Fund
1 Portugal, Mauritius, South Africa Seed Credit, Software, Analytics $1.2M–$7.5M
Banco de Investimento Global
VC Fund
1 Portugal, Germany Seed Information Technology, Mobile, GovTech $550k–$2.8M
Armilar Venture Partners
VC Fund
1 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $520k–$17M
C2 Capital Partners
VC Fund
1 Portugal, United States Seed, Private Equity Food Processing, Food and Beverage, SaaS
Olisipo Way
VC Fund
1 Portugal, Germany, Lithuania Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Analytics $118k–$5.3M
Antler
VC Fund
1 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Betwixt Ventures
VC Fund
1 Portugal, United States Seed Drones, Energy, Mobile $112k–$2.7M
Cândido José Rodrigues S.A
VC Fund
1 Portugal Seed Internet of Things, Cloud Data Services, Enterprise Software
Ramiro Gonzalez
Angel
1 Portugal Pre-Seed SaaS, DevOps, IT Management
Liam Boogar-Azoulay
Angel
1 Portugal Pre-Seed SaaS, DevOps, IT Management
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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 8 investments in Portugal Enterprise Software 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, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, France

Investor stats

  • Total investments: 359
  • Round size: Seed $121k–$2M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
  • Codeplace — The best place to develop your coding skills with a comprehensive, specially curated list of tutorials and books.
  • Processware
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Start Ventures
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Enterprise Software startups

BiG Start Ventures is an early-stage VC investing globally in B2B Fintech, Insurtech, Regtech and Cybersecurity. Onetier Partners, SCR, S.A.

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Investment focus

  • Industry: InsurTech, Software, Insurance
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, United Kingdom, Portugal

Investor stats

  • Total investments: 36
  • Round size: Seed $940k–$8M; Series A $5.3M–$17M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Finovox — Finovox provides a solution for detecting false documents. They offer investigative tools to analyze, understand, and explain fraud. Additionally, they provide users with hard evidence of fraud.
  • Humanos — The Risk Network for AI https://t.co/RzfFeAgNCj
  • WeatherPromise — WeatherPromise offers weather forecasts. It provides vacation, outdoor events, and outdoor activity reports.
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EDP Ventures
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Enterprise Software 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, Venture - Series Unknown
  • Geography: United States, Portugal, Brazil

Investor stats

  • Total investments: 85
  • Round size: Seed $530k–$4.5M; Series A $1.7M–$14M; Venture - Series Unknown $558k–$11M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $8M in 2018

Portfolio highlights

  • Mixergy — Our hot water solutions help homes, buildings, and utilities transition to a cleaner, more resilient future.
  • Spotlite — Spotlite combines satellite data with AI to predict infrastructure risks before they become problems.
  • 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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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise Software 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, Venture - Series Unknown, Series A
  • Geography: Portugal, Italy, Spain

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$4.8M; Series A $5.2M–$9.5M; Venture - Series Unknown $1.1M–$15M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Reefilla — Reefilla EV charging services: recharge your car anywhere, anytime
  • Automaise — AI Agents that automate, assist, and accelerate customer service operations. See how Automaise helps enterprise teams resolve more, escalate less, and deliver results within weeks.
  • Dingoo — Dingoo is an e-commerce company that uses AI to deliver retail groceries to consumers on same day without any restrictions.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise Software startups

Semapa Next is a venture capital firm that invests in European-based companies aspiring to become global category leaders.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Portugal, United Kingdom, Germany

Investor stats

  • Total investments: 26
  • Round size: Seed $222k–$6.5M; Series A $6.5M–$32M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Sybilion — The decision layer for industrial companies. Sybilion connects external world dynamics to the decisions that shape your margin, working alongside the systems...
  • Gigaton — Carbon Re is a climate tech company using cutting-edge AI solutions to decarbonize cement and steel. Get in touch with us today!
  • Jupus — As the first legal AI secretary in Europe, JUPUS automates the entire process from initial client contact to the complete file. Lawyers are supported by an AI chatbot, an online appointment booking tool, and an AI platform that automatically collects and processes inquiries, information, and documents, facilitating automated communication withclients.
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise Software startups

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

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $1.2M–$4.6M; Pre-Seed $107k–$4.4M; Series A $5.3M–$23M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Reckon.ai — Whether you're building an unattended store or supplying the equipment behind it, Reckon's patented AI technology transforms existing infrastructure into smart, autonomous assets.
  • Jscrambler — Jscrambler is the leading client-side security solution for JavaScript in-app protection and real-time webpage monitoring. Start your free trial today!
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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Headline
VC Fund · San Francisco, California, United States · 2 investments in Portugal Enterprise Software startups

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Brazil

Investor stats

  • Total investments: 558
  • Round size: Seed $1M–$12M; Series A $4.5M–$30M; Series B $7.7M–$87M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $865M in 2024

Portfolio highlights

  • Blips — Blips is a platform in Brazil that aims to bridge the gap between investors and entrepreneurs. The company connects and drives investors and entrepreneurs with tangible assets that enable productive business activities, allowing customers to buy and finance supplies and inputs, as well as an educational platform to support the entrepreneurs'journey, teaching management techniques, growth, and technical knowledge for equipment use.
  • Cameo — Cameo is a marketplace where fans can book personalized video shoutouts from their favorite people.Cameo's mission is to create the most personalized and authentic fan experiences in the world. We're a marketplace where users can book personalized video shoutouts from their favorite people. We currently partner with thousands of talentacross all verticals. Cameo’s offices are in 1871 and we are proud to be part of Chicago’s thriving technology and startup community.
  • Fonoa — Manage your sales tax, VAT, and GST obligations seamlessly through our API, globally. For internet businesses around the world, we make taxes simple, automated, borderless, and accessible via our API.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 2 investments in Portugal Enterprise Software startups

They believe the unbelievable and trust the untrustable.

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Investment focus

  • Industry: Information Technology, Mobile, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, United States, Poland

Investor stats

  • Total investments: 28
  • Round size: Seed $110k–$1.6M; Angel $53k–$181k; Pre-Seed $11k–$55k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Wall-i — Wall-i is a programmatic outdoor advertising network, that displays ads on screens for segmented audiences, by age, gender, location, and market. Wall-i aims to be the Google Ads of the outdoor advertising. By combining plug-and-play screen incorporation and audience recognition technology (age, gender and mood), with a CPV /CPM businessmodel, it enables real-estate owners to monetize LCD screens and tablets with ads.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • UpLink — Tellent Recruitee helps you hire faster, work better together, and win top talent without the bottleneck; powered by AI-driven features.
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Golden Gate Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Enterprise Software startups, 8 in the past 12 months

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

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Investment focus

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

Investor stats

  • Total investments: 149
  • Round size: Seed $473k–$6.4M; Series A $1.5M–$17M; Series B $10M–$60M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • IWG — IWG is a medical start-up that provides cloud-based solutions for medical resource shortages and work support tools.
  • Triangle — We route, produce and promote tours across the region.
  • Kita Technologies — Kita Technologies uses computer vision and vision language models to transform unstructured documents into structured underwriting data.
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Paulo Alexandre Lopes
Angel · Curitiba, Parana, Brazil · 1 investments in Portugal Enterprise Software startups

Paulo Alexandre Lopes is the Managing Director at oddsgate. Paulo Alexandre Lopes attended IPAM.

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Investment focus

  • Industry: SaaS, Boating, Gambling
  • Stage:Pre-Seed
  • Geography: Brazil, Portugal

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $106k–$3.5M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • ODDSGATE — With an open, API based platform and built in a modular way, allowing for stability, scalability, and flexibility. Our founding team with more than 15 years of experience in out-of-the-box solutions, or products like Software-as-a-Service (SaaS), we are stepping into the Igaming industry with the goal to deliver a cutting edge and competitiveiGaming platform, focused on the regulated markets.
  • Espadarte Group — Espadarte is working on a new product that will transform the Brazilian nautical market. It is founded in 2021 and the Yachts yard is based in Curitiba, Parana, Brazil.
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Access 48,091 investors

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

Browse database — It's Free!
J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Portugal Enterprise Software startups

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 63
  • Round size: Seed $1.1M–$8M; Pre-Seed $974k–$4.1M; Series A $7M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Camphouse — Mediatool is the all-in-one planning, execution, tracking and reporting tool for media and marketing campaigns. Increase productivity with streamlined delivery and better collaboration across all your marketing activities. Grow revenue with confidence, using real-time performance data to optimise investment.Hundreds of tangible benefits, onebetter way of working. Forget spreadsheets and get to know Mediatool.
  • Volve — Volve turns tender and contract documents into a structured baseline, helping construction teams catch risk, run compliance checks, and win better bids with AI.
  • Galdera Labs — Disposable financial models cost more than time. They cost context. Galdera was built for growth finance teams looking to save both.
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Digital Turbine
VC Fund · Austin, Texas, United States · 1 investments in Portugal Enterprise Software startups

Digital Turbine inspires connections for the mobile world, for app developers, brands, agencies, carriers, and device manufacturers globally.

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Investment focus

  • Industry: Mobile, Apps, Android
  • Stage:Corporate Round
  • Geography: Portugal, South Korea

Investor stats

  • Total investments: 3
  • Round size: Corporate Round $9.1M–$10M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Aptoide — Find, discover and download the best apps and games for Android in the official Aptoide app store
  • One Store — One Store is a mobile app market that allows users to download apps that are limited in Korea only. It is run by mobile carriers SK Telecom, KT, LG Uplus and tech company Naver. It has combined its own four different platforms for Android-based smartphones and other mobile devices. Users can upgrade one of the apps to use One Store. It can be usedon Android phones and tablets in Korea. It provides games, apps, mobile commerce, e-books, and video content to 35 million members. It was founded in 2016 and is headquartered in Seongnam Gyeonggi-do, South Korea.
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TheVentureCity
VC Fund · Miami, Florida, United States · 1 investments in Portugal Enterprise Software startups

TheVentureCity is a global early-stage venture fund, investing in product-centric startups across the US, Europe, and Latam. With more than $150M under management, the firm invests from pre-seed and seed with a ticket size from $100-500k to Series A with $1-4M.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Spain, Brazil

Investor stats

  • Total investments: 172
  • Round size: Seed $100k–$4.9M; Pre-Seed $100k–$1.5M; Series A $2.3M–$18M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely actively investing — fresh fund, raised $2.8M in 2026

Portfolio highlights

  • Belo — Crypto for everyone, everyday
  • Senticell — Senticell is a biotechnology and molecular diagnostics company developing a breakthrough platform that uses red blood cell (RBC) DNA and cfDNA analysis to revolutionize non-invasive disease detection. The research demonstrates that RBCs act as immune-responsive biosensors, capable of carrying molecular and genetic biomarkers from across the body -unlocking a powerful and previously untapped gateway for liquid biopsy and precision diagnostics. By harnessing this cellular intelligence, we enable early disease detection, biomarker discovery and AI-driven diagnostic insights to support precision medicine and personalised treatment outcomes.
  • Sidekick — Expertly-managed portfolios for the modern investor
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Enterprise Software startups

Shilling is an early-stage venture capital firm backing exceptional founders from the start.Shilling invests in a wide range of verticals and seeks out the biggest opportunities across all B2B and consumer categories. Leveraging the concept of Founder LPs, Shilling brings much more than capital and offers through its Shilling Platform, directaccess to successful founders and executives of leading companies. This platform supports entrepreneurs in validating and developing their ventures, which then accelerate their growth into global markets.

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Investment focus

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

Investor stats

  • Total investments: 117
  • Round size: Seed $666k–$5M; Pre-Seed $125k–$3M; Series A $5M–$20M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — raised $49M in 2024

Portfolio highlights

  • Tucuvi — Tucuvi is a health technology company unlocking efficient and high-quality healthcare at scale with a CE-marked platform for Phone Consultation Automation. We develop safe and clinically validated Conversational AI for any care pathway, enabling clinical teams to augment their capacities, improve processes’ efficiency and efficacy, and achievebetter patient outcomes and satisfaction through continuous and personalized care.
  • Balance — Balance is a private digital health company based in Spain that operates in the clinics and outpatient healthcare services sector. company's core mission is to provide an integrated, medical, and sustainable approach to treating obesity and overweight conditions. Moving away from traditional restrictive diets, the company leverages asubscription-based telehealth model combined with clinical pharmacology.
  • Punto Health — AI-powered digital platform for management of Alzheimer's and other dementias.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Enterprise Software startups, 6 in the past 12 months

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.

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Investment focus

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

Investor stats

  • Total investments: 97
  • Round size: Seed $549k–$5.2M; Pre-Seed $29k–$3M; Series A $2.5M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $34M in 2024

Portfolio highlights

  • Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
  • 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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Portugal Gateway Fund
VC Fund · 1 investments in Portugal Enterprise Software startups

Investment focus

  • Industry: Credit, Software, Analytics
  • Stage:Seed
  • Geography: Portugal, Mauritius, South Africa

Investor stats

  • Total investments: 3
  • Round size: Seed $1.2M–$7.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • Locstat — Locstat LightWeaver combines graph analytics, AI and event processing to help organisations understand complex, connected data in real time.
  • Coreflux — Transform any industry with seamless IoT connectivity and real-time data management. Discover solutions to effortlessly integrate systems, optimize processes, and spark innovation. Jump ahead in the fast-paced world of digital transformation, with managed brokers and end-to-end integrations.
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Banco de Investimento Global
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Enterprise Software startups

Banco de Investimento Global, SA is a specialized financial institution which is licensed in all business areas open to the banking sector

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Investment focus

  • Industry: Information Technology, Mobile, GovTech
  • Stage:Seed
  • Geography: Portugal, Germany

Investor stats

  • Total investments: 3
  • Round size: Seed $550k–$2.8M
  • 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.
  • 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.
  • Elucidate — The Elucidate FinCrime Index (EFI) is a financial crime risk quantification platform to build trust and confidence between financial institutions, corporates, and regulators.
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Enterprise Software 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: 117
  • Round size: Seed $520k–$3.9M; Series A $4M–$17M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $138M in 2025

Portfolio highlights

  • Airflows — Airflows is a platform offering private AI solutions for back-office operations, enabling the creation of applications, workflows, and agent assistants from documents, rules, and approvals while maintaining full control, auditability, and integration with existing systems like ERP, ECM, and BPM.
  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • DOJO AI — The only tool you need to grow your Brand.
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C2 Capital Partners
VC Fund · Causeway Bay, Hong Kong Island, Hong Kong · 1 investments in Portugal Enterprise Software startups

C2 Capital Partners makes investments in early-stage companies.

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Investment focus

  • Industry: Food Processing, Food and Beverage, SaaS
  • Stage:Seed, Private Equity
  • Geography: Portugal, United States

Investor stats

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

Portfolio highlights

  • BRAINR — BRAINR is an intuitive next gen cloud MES (Manufacturing Execution System) that enables smarter processes and integrated production operations in real-time.
  • Eat Just — Plant protein with clean ingredients. Better for the people & the planet.
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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Enterprise Software 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, Information Technology, Analytics
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Portugal, Germany, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $250k–$5.3M; Pre-Seed $118k–$1.5M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • DoJob.ai — Hybrid Intelligence Innovation Project
  • OSCAR — OSCAR offers a variety of fixed-price home services, including maintenance, cleaning, laundry, and beauty services, all accessible through a user-friendly app. Customers can easily schedule appointments for these services, with options available for immediate bookings. Additionally, OSCAR provides repair services for household appliances likewashing machines and boilers, ensuring convenience for users. The platform streamlines the process of finding and scheduling necessary home services, catering to the needs of busy individuals and families. Through its comprehensive service offerings, OSCAR simplifies home management for its users.
  • Fluxe Insurance Software — FLUXE develops AI software based to build digital tools for claim automation aligned with the challenges of the insurance industry!
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Enterprise Software startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2373
  • Round size: Seed $158k–$4.5M; Pre-Seed $100k–$588k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • MultivisionDx — MultivisionDx's computer vision technology integrates the tumor's unique biological and geographical properties, as well as its milieu, to generate patient-specific tumor profiles.
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Betwixt Ventures
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Enterprise Software 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, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $112k–$2.7M
  • 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.
  • James — James is an online credit risk management platform that provides risk management tools to financial institutions. Through the application of advanced scientific computing capabilities like machine learning, it enables risk departments to prepare against cyclical crisis and help protect their reputation, making the global financial system safer inthe long run.James was established in 2013 and is based in New York.
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Cândido José Rodrigues S.A
VC Fund · 1 investments in Portugal Enterprise Software startups

A Froup with investments in all fields of engineering.

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Investment focus

  • Industry: Internet of Things, Cloud Data Services, Enterprise Software
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Coreflux — Transform any industry with seamless IoT connectivity and real-time data management. Discover solutions to effortlessly integrate systems, optimize processes, and spark innovation. Jump ahead in the fast-paced world of digital transformation, with managed brokers and end-to-end integrations.
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Ramiro Gonzalez
Angel · 1 investments in Portugal Enterprise Software startups

Co-founder & CEO @ Wannalisn Co-Founder and Head of Product @ Eaship

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Investment focus

  • Industry: SaaS, DevOps, IT Management
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Rely.io — Rely is an Internal Developer Portal that enables modern engineering organizations to keep track of service quality, health and maturity in a single place.
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Liam Boogar-Azoulay
Angel · 1 investments in Portugal Enterprise Software startups

Founding Chief Revenue Officer @ Waypoint AI

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Investment focus

  • Industry: SaaS, DevOps, IT Management
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Rely.io — Rely is an Internal Developer Portal that enables modern engineering organizations to keep track of service quality, health and maturity in a single place.
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Enterprise Software Investor funding in Portugal at a glance

Stats across 28 deals from 38 investors.

38
investors
in Portugal Enterprise Software startups
28
deals
in Portugal Enterprise Software startups
$561k
median round
in Portugal Enterprise Software startups
53%
lead investors
lead at least one round
32%
Seed
most common funding stage
89/11
VC / Angel
share of investor count

Access all 38 investors in Portugal Enterprise Software startups.

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