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Top 50 Enterprise VC Funds & Investors in Portugal (June 2026)

The most active venture capital funds investing in Portugal Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Enterprise 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
67 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $110k–$2.1M
Caixa Capital
VC Fund
30 Portugal, United States, Spain Seed, Series A Software, Information Technology, SaaS $120k–$12M
Armilar Venture Partners
VC Fund
29 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$16M
Shilling VC
VC Fund
26 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Internet $208k–$16M
Bright Pixel (formerly Sonae IM)
VC Fund
16 United States, Portugal, Spain Series A, Series B, Seed Software, Information Technology, SaaS $1.1M–$35M
Faber
VC Fund
15 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $34k–$25M
Bynd Venture Capital
VC Fund
12 Portugal, Spain, United States Seed, Pre-Seed, Series A Software, SaaS, Health Care $483k–$50M
LC Ventures
VC Fund
11 Portugal, China, Poland Seed, Pre-Seed, Series D Information Technology, Artificial Intelligence, SaaS $11k–$4.9M
Brpx
VC Fund
10 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $318k–$15M
EDP Ventures
VC Fund
10 Portugal, United States, Brazil Seed, Series A Software, Energy, Information Technology $478k–$14M
Indico Capital Partners
VC Fund
10 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
REDangels
VC Fund
9 Portugal, Poland, Germany Seed, Pre-Seed, Angel Mobile, Internet of Things, Internet $11k–$3M
Start Ventures
VC Fund
9 United Kingdom, Portugal, United States Seed, Series A InsurTech, Software, Insurance $1.2M–$16M
Demium Capital
VC Fund
7 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, FinTech, Health Care $110k–$3.1M
HCapital Partners
VC Fund
7 Portugal, Spain, Switzerland Seed, Series A Software, Power Grid, Information Technology $1.1M–$8.5M
Join Capital
VC Fund
5 Germany, United Kingdom, The Netherlands Seed, Series A Software, Artificial Intelligence, Manufacturing $1M–$27M
Olisipo Way
VC Fund
5 Portugal, Lithuania Pre-Seed, Seed Software, FinTech, Marketplace $159k–$6.5M
WISENEXT
VC Fund
5 Portugal, United States Seed, Pre-Seed Software, SaaS, Internet $165k–$1.6M
Semapa Next
VC Fund
4 Portugal, United Kingdom, Germany Series A, Seed, Series B SaaS, Software, Information Technology $3.2M–$23M
Beta Capital
VC Fund
4 Portugal, United Kingdom Seed Software, Health Care, Biotechnology $476k–$3.1M
TheVentureCity
VC Fund
4 United States, Spain, Brazil Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $100k–$45M
Vesalius Biocapital Partners
VC Fund
4 Belgium, Germany, France Series A, Series B, Series C Biotechnology, Health Care, Medical $3.8M–$100M
Innovation Nest
VC Fund
4 Poland, United States, United Kingdom Seed, Series A Software, SaaS, E-Commerce $25k–$11M
GED Ventures Portugal
VC Fund
4 Portugal Seed Hospital, Consulting, Health Care $1.6M–$2.3M
Novabase Capital
VC Fund
4 Portugal, United States Seed, Pre-Seed Software, Information Technology, Analytics $576k–$3M
EQT Ventures
VC Fund
3 Sweden, Germany, United States Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $3.3M–$100M
SVG Ventures
VC Fund
3 United States, Canada, Ireland Pre-Seed, Seed AgTech, Agriculture, Farming $50k–$4.7M
Bright Ventures
VC Fund
3 Portugal Seed, Pre-Seed Software, Advertising, Information Services $1.1M–$3M
Iberis Capital
VC Fund
3 Portugal, Spain, United States Series A, Seed Software, Information Technology, SaaS $2.2M–$43M
Pathena
VC Fund
3 Portugal, Germany Series A, Seed, Series C B2B, Marketing, Advertising $1.4M–$39M
COREangels
VC Fund
3 Spain, Portugal, United Kingdom Seed, Pre-Seed, Angel Software, E-Commerce, Information Technology $159k–$5.3M
Lince Capital
VC Fund
3 Portugal, United Kingdom, Malta Seed, Venture - Series Unknown E-Commerce, Information Technology, Retail $1.1M–$6.8M
Notion Capital
VC Fund
3 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS $1M–$60M
COREangels Lisbon
VC Fund
2 Portugal, Finland, United Kingdom Seed, Pre-Seed Marketing, Artificial Intelligence, SaaS $1.3M–$2.9M
Vanagon Ventures
VC Fund
2 Germany, United States, Portugal Seed, Pre-Seed Information Technology, Education, GreenTech $600k–$11M
J12
VC Fund
2 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $420k–$64M
Explorer Investments
VC Fund
2 Portugal, Spain, Brazil Private Equity, Seed Manufacturing, Retail, Textiles $2.1M–$4.7M
Curiosity VC
VC Fund
2 The Netherlands, Finland, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $878k–$11M
Acurio Ventures
VC Fund
2 Spain, United States, United Kingdom Seed, Series A, Series B Software, E-Commerce, Internet $1.2M–$54M
Omnes Capital
VC Fund
2 France, Germany, United States Series A, Series B Software, Biotechnology, Health Care $3.5M–$43M
Banco de Investimento Global
VC Fund
2 Portugal, Germany Seed Information Technology, Mobile, GovTech $531k–$2.7M
Pitchdrive
VC Fund
2 Belgium, United Kingdom, Spain Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$4.6M
Beta-i
VC Fund
2 Portugal Pre-Seed FinTech, Computer, Software
Lakestar
VC Fund
2 Germany, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $2.2M–$91M
MSM
VC Fund
2 United Kingdom, Germany, Portugal Seed, Pre-Seed, Series A Information Technology, Software, B2B
Oxy Capital
VC Fund
2 Portugal, Italy Private Equity, Series A Software, VoIP, Wireless $8.7M–$12M
CapitalT
VC Fund
2 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $585k–$11M
Moonrock Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Maersk Growth
VC Fund
2 United States, United Kingdom, Denmark Series A, Seed, Series B Logistics, Supply Chain Management, Software
BREEGA
VC Fund
2 France, United Kingdom, United States Seed, Series A Software, FinTech, Financial Services $1.1M–$25M
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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 67 investments in Portugal Enterprise 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 · 30 investments in Portugal Enterprise 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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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 29 investments in Portugal Enterprise 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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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 26 investments in Portugal Enterprise 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, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 79
  • Round size: Seed $603k–$5M; Pre-Seed $208k–$3M; Series A $2.4M–$16M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Manie
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
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Bright Pixel (formerly Sonae IM)
VC Fund · Maia, Porto, Portugal · 16 investments in Portugal Enterprise startups

Bright Pixel Capital (former Sonae IM) is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel acts as a partner that bringsspecialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO.

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $1.1M–$7.3M; Series A $5.4M–$15M; Series B $15M–$35M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • Encord — Encord is the multimodal data layer for physical AI. Manage, curate, annotate, and align petabytes of data - from sensor streams to video to text. Trusted by 300+ AI teams including Woven by Toyota, AXA, UiPath, Zipline, and more.
  • Tidal Cyber — Tidal Cyber helps enterprise organizations to define, measure, and improve their defenses to address the adversary behaviors that are most important to them. It also helps to assess, organize, and optimize defenses with a deep understanding of the threats.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 15 investments in Portugal Enterprise startups

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: 82
  • Round size: Seed $549k–$5.5M; Pre-Seed $34k–$3.8M; Series A $5M–$25M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Vyoma GmbH — Vyoma ensures satellite safety and real-time mapping of space objects with cameras on satellites paired with automation services.
  • Apres — Apres is a distributed learning engine built to enable high-performance, user-friendly AI for the world.
  • RESONIKS — It's data that drives resilient and sustainable supply chains. Implement SUPPLYZ solutions to gather real-time inventory data for your products and materials and use this data to automate your processes, offer new services and prevent supply chain disruptions. SUPPLYZ can be implemented for both industrial and consumer applications
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 12 investments in Portugal Enterprise 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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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 11 investments in Portugal Enterprise startups

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

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series D
  • Geography: Portugal, China, Poland

Investor stats

  • Total investments: 27
  • Round size: Seed $262k–$4.9M; Pre-Seed $11k–$329k
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $17M in 2018

Portfolio highlights

  • Cleanwatts — We simplify, amplify and accelerate energy decarbonization for companies and communities around the world. Our clients call upon us to improve their energy efficiency performance and to increase their access to affordable clean energy. Join Cleanwatts today.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Brands&Ninjas — SaaS to control the performance of physical marketing campaigns on retail.
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Brpx
VC Fund · Lisboa, Lisboa, Portugal · 10 investments in Portugal Enterprise startups

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $409k–$2.1M; Pre-Seed $318k–$1.3M; Series A $7.2M–$15M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Chord — Chord is a commerce data platform purpose-built for modern brands. Chord enables brands to unify, synthesize, and orchestrate their data to drive radical decisions and revenue.
  • Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
  • Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
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EDP Ventures
VC Fund · Lisbon, Lisboa, Portugal · 10 investments in Portugal Enterprise 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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Access 48,091 investors

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

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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 10 investments in Portugal Enterprise 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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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 9 investments in Portugal Enterprise 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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Start Ventures
VC Fund · Lisbon, Lisboa, Portugal · 9 investments in Portugal Enterprise 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
  • Geography: United Kingdom, Portugal, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $1.2M–$8M; Series A $7M–$16M
  • Lead/follow: 15% lead, 85% follow

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.
  • Fraudio — Fraudio is the ideal partner in Payment Fraud and AML Solutions. We will help you detect, on time, any possible fraudulent transaction.
  • MeetFrank — Find cool job offers with the MeetFrank recruitment app. Add your job offers to MeetFrank and hire top talent.
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 7 investments in Portugal Enterprise startups

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

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Investment focus

  • Industry: Software, FinTech, Health Care
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Spain, Portugal, Poland

Investor stats

  • Total investments: 81
  • Round size: Seed $110k–$3.1M; Pre-Seed $110k–$329k
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $52M in 2020

Portfolio highlights

  • Qalea
  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • KomboAI — Supercharge your CRM and close more deals with KomboAI Find the right leads, engage them with purpose and improve your skills every day. Book a Demo See Kombo in Action Over 1000+ sales reps are already using KomboAI during their job Join the sales revolution today Find the right leads Receive every day new leads
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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 7 investments in Portugal Enterprise 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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Join Capital
VC Fund · Berlin, Berlin, Germany · 5 investments in Portugal Enterprise 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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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Enterprise 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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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Enterprise startups

WiseNext is a venture and smart capital investment company. We focus on helping young entrepreneurs with innovative ideas that have an impact on our society, providing capital, knowledge and networking.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $478k–$1.6M; Pre-Seed $165k–$1.1M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
  • Relive — Relive is empowering the next generation of real estate entrepreneurs, with a mobile app that allows them to work for themselves, from anywhere, while saving time and earning commissions faster.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 4 investments in Portugal Enterprise 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: SaaS, Software, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Portugal, United Kingdom, Germany

Investor stats

  • Total investments: 9
  • Round size: Seed $3.2M–$4.2M; Series A $8.4M–$23M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Sybilion — Sybilion is an artificial intelligence-powered platform that provides a decision layer for companies analyzing information for supply chain management, marketing, and planning purposes.
  • Sonant AI — Insurance Agency Automation: Free up licensed agents from repetitive calls. Try Sonant, the AI Receptionist for Insurance Agencies, Brokers, and Distributors.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
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Beta Capital
VC Fund · Porto, Lisboa, Portugal · 4 investments in Portugal Enterprise 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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TheVentureCity
VC Fund · Miami, Florida, United States · 4 investments in Portugal Enterprise 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, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Spain, Brazil

Investor stats

  • Total investments: 133
  • Round size: Seed $100k–$4.9M; Pre-Seed $100k–$1.2M; Series A $3M–$45M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Count — Explore, refactor, and share your data at warp speed.
  • Passport — Passport is the modern shipping carrier for international ecommerce that helps direct-to-consumer brands ship their products internationally.
  • Belo — Crypto for everyone, everyday
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Vesalius Biocapital Partners
VC Fund · Strassen, Luxembourg, Luxembourg · 4 investments in Portugal Enterprise startups

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Belgium, Germany, France

Investor stats

  • Total investments: 59
  • Round size: Series A $3.8M–$20M; Series B $4.4M–$27M; Series C $6.9M–$100M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Caresyntax — Caresyntax is the only enterprise-scale surgical data solution you need to make surgery smarter, safer, and more profitable.
  • ENYO Pharma — ENYO Pharma is a biopharmaceutical company incorporated in Jan, 2014, by four scientists of the Infectiology Research Center in Lyon, France, and three seeding partners (2 privates and 1 public).The company is based in the Infectiology Center of Lyonbiopôle in Lyon, France and maintains tight collaborations with the seminal Inserm team and theBSL4 laboratory Inserm-Jean Mérieux.ENYO Pharma has licensed several Inserm patents issued from the discoveries of the founding scientists and developed a unique platform for the identification of intracellular therapeutic targets and molecules.The company is developing treatments against the most important viruses and is thriving to become a global leader in anti-virals. Research and Development is currently focused on human infecting viruses, with the first two programs being dedicated to the treatment of severe and seasonal flu and chronic hepatitis B. The company plans to conduct its molecules to Phase II clinical trials.
  • Inflammatix — Inflammatix develops rapid point of care diagnostic tests by reading the immune system, and resolves major clinical health challenges.
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Innovation Nest
VC Fund · Kraków, Malopolskie, Poland · 4 investments in Portugal Enterprise 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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GED Ventures Portugal
VC Fund · Lisboa, Lisboa, Portugal · 4 investments in Portugal Enterprise startups

GED Ventures Portugal is an Investment firm.

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Investment focus

  • Industry: Hospital, Consulting, Health Care
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 8
  • Round size: Seed $1.6M–$2.3M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Hoopers — Global basketball community platform connecting players, fans and enthusiasts through products, contents, experiences and NFTs.
  • PluggableAI — FAN OF THE MATCH transforms fan passion in live events, sports, and media into AI-driven insights that boost engagement and create new revenue opportunities
  • 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.
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Novabase Capital
VC Fund · Lisboa, Lisboa, Portugal · 4 investments in Portugal Enterprise 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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EQT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Portugal Enterprise startups

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 231
  • Round size: Seed $3.3M–$14M; Series A $6M–$44M; Series B $15M–$100M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Unmind — Unmind is a workplace mental health platform. We empower employees to measure, understand, and improve their mental wellbeing.
  • Verkor — Verkor is a battery cell manufacturer whose goal is to increase the production of low-carbon batteries to fulfill the growing demand for electric vehicles. The company focuses on the development of low-carbon batteries with a carbon footprint that is many times smaller than standard batteries. This reduces the logistics footprint, includingemissions, and provides businesses with batteries that are very inexpensive and use carbon-free electricity.
  • Standard Cognition — Standard Cognition is an artificial intelligence platform that allows buyers to grab what they want without having to go to a cashier. It empowers consumers to shop and pay without waiting in line, scanning or stopping to check out. Available to any retailer, the solution helps reduce labor costs, improve the customer experience, and improve profitmargins. It also helps small-size retailers to compete with larger chains and online offerings.Standard Cognition was founded in 2017 and is based in San Francisco, California.
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SVG Ventures
VC Fund · Los Gatos, California, United States · 3 investments in Portugal Enterprise startups

We are a Venture & Innovation Platform Advancing the Food & Agriculture Industries We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries.

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Investment focus

  • Industry: AgTech, Agriculture, Farming
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, Ireland

Investor stats

  • Total investments: 123
  • Round size: Seed $100k–$4.7M; Pre-Seed $50k–$100k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Verge Ag — Verge turns your existing autosteer and guidance systems into supervised autonomy. Path Planner creates optimized field routes, Equipment Explorer proves equipment value on real fields. No additional hardware required.
  • Cellar Insights — Maximize the value of your potato crop with smart remote monitoring. Monitor storage conditions and prevent crop loss with Cellar Insights.
  • Verdi Expeditions — Verdi is building the world's first truly scalable platform for farm automation. We work with the world's largest food brands to grow better and more sustainable crops.
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Bright Ventures
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Enterprise startups

We keep a close eye on new businesses that operate on the uncharted waters of emerging technologies. Our mission is to support them with <b>early stage funding</b>.

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Investment focus

  • Industry: Software, Advertising, Information Services
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $1.1M–$3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • advertio — The customer acquisition platform that empowers your business to grow risk-free, where you only pay per results, not promises.
  • Automaise — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.
  • Aware Health — Aware Health provides services such as massage & myotherapy, ​clinical pilates, reformer classes, pregnancy pilates, and free exercises.
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Enterprise 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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Pathena
VC Fund · Porto, Lisboa, Portugal · 3 investments in Portugal Enterprise startups

Pathena is an investment firm engaged on boosting the success of information technology and digital biomedical companies.

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Investment focus

  • Industry: B2B, Marketing, Advertising
  • Stage:Series A, Seed, Series C
  • Geography: Portugal, Germany

Investor stats

  • Total investments: 8
  • Round size: Seed $1.4M–$3.3M; Series A $4.4M–$30M; Series C $39M–$39M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BIZAY / 360imprimir — • Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years.• Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s.• Started on printing, packaging, textile andprofessional products and now applying the same model in furniture, food and 3D printing (amongst others).• 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes.• Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers).• Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries.• 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA).• In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics.
  • Promptly — Health Analytics Patient Report Outcomes, Health Care, Value based health
  • NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 3 investments in Portugal Enterprise 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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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Enterprise 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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Notion Capital
VC Fund · London, England, United Kingdom · 3 investments in Portugal Enterprise 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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COREangels Lisbon
VC Fund · 2 investments in Portugal Enterprise startups

COREangels Boston is a group of operators and entrepreneurs investing at the angel stage in startups which have low capital costs and are either special situations or unicorns-in-waiting.

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Investment focus

  • Industry: Marketing, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, Finland, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $1.3M–$2.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Weiver — Weiver helps businesses professionally manage, improve, and analyze reviews with a centralized AI platform.
  • GOVA — GOVA is a food-biotech startup that uses creativity and delicious flavor to create the healthiest sugar on the planet.
  • 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.
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Vanagon Ventures
VC Fund · München, Bayern, Germany · 2 investments in Portugal Enterprise startups

Vanagon Ventures invests in outstanding founder teams who build for the third wave of the internet.

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Investment focus

  • Industry: Information Technology, Education, GreenTech
  • Stage:Seed, Pre-Seed
  • Geography: Germany, United States, Portugal

Investor stats

  • Total investments: 12
  • Round size: Seed $3M–$11M; Pre-Seed $600k–$2.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • deeplify
  • Sybilion — Sybilion is an artificial intelligence-powered platform that provides a decision layer for companies analyzing information for supply chain management, marketing, and planning purposes.
  • Neuramancer
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Portugal Enterprise 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, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 56
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $420k–$4.4M; Series A $7M–$64M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Treyd — Working capital for fast growing brands. Order Now, Pay Suppliers Later
  • Dema.ai — First-of-its-kind AI decision platform for e-commerce
  • MVision AI — AI-powered solutions that automate repetitive tasks, enable efficient radiotherapy workflows, and promote consistency across clinical processes.
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Explorer Investments
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Enterprise startups

Founded in 2003, Explorer is Portugals leading independent management company of alternative assets, with a reputation for outstanding quality, in-depth experience and an excellent track record.

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Investment focus

  • Industry: Manufacturing, Retail, Textiles
  • Stage:Private Equity, Seed
  • Geography: Portugal, Spain, Brazil

Investor stats

  • Total investments: 53
  • Round size: Seed $2.1M–$4.7M
  • Lead/follow: 91% lead, 9% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • ETHIACK — Identify vulnerabilities before they get exploited. We combine Machine and Human Ethical Hacking for both in-depth and in-breadth security testing.
  • eSelf AI — eSelf AI redefines face-to-face interactions with human-like video conversations.
  • Portocanna — Portocanna is a medical cannabis company focused on processing and manufacturing EU-GMP-certified cannabis products.
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Curiosity VC
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Portugal Enterprise startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Finland, Sweden

Investor stats

  • Total investments: 36
  • Round size: Seed $1.1M–$5.8M; Pre-Seed $878k–$2.5M; Series A $7.7M–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • XFA — XFA secures devices by verifying security status at login via browser extension and apps.
  • Orq.ai — Orq.ai is the platform to build, ship, and scale AI fast and in control. Give your teams one secure place to develop, test, deploy, and monitor GenAI applications.
  • Validfor — Validfor is an AI-Native agentic digital validation platform designed specifically to address compliance issues in the life sciences and pharmaceutical industries.
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Acurio Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 2 investments in Portugal Enterprise startups

Acurio Ventures partners with visionary founders to make history happen. Acurio Ventures is a European early-stage VC that invests across sectors and business models and that relies on its entrepreneurial DNA, flexible approach and proven value add to partner with the best founders out there.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 111
  • Round size: Seed $1.2M–$6.8M; Series A $3.3M–$19M; Series B $10M–$54M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • UniteLabs — UniteLabs provides the foundational operating system for AI-driven lab automation in life science. It accelerates scientific discovery by closing the loop with a unified data and automation infrastructure, seamless integration, and intelligent control. Our platform empowers ambitious biotech companies, big pharma, integrators, and hardware vendorsby offering bidirectional connectors for diverse lab equipment, a scalable cloud platform with an open API, and a powerful workflow engine with an integrated compute environment. This allows for the creation of sophisticated, modular workflows, and enables rapid automation development through our Lab-as-Code environment, featuring a dynamic Python SDK and application-specific libraries.
  • TandemTrace — TandemTrace deploys autonomous AI agents that hunt, detect, and respond to cyber threats in real time.
  • Those Beyond — Those Beyond develops a social gaming platform that supports interactive fan experiences within fictional universes. The platform uses its proprietary Arise Engine to enable browser-based adventures, role-playing, and puzzle-solving activities involving mass community participation. Projects include collaborations with entertainment franchises suchas "The Walking Dead," allowing fans to engage with story-driven challenges and community events. The platform includes customizable social spaces designed to reflect the themes and aesthetics of the associated intellectual properties.
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Omnes Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Portugal Enterprise startups

Omnes VC is the Venture Capital arm of Omnes Capital, a leading private equity firm dedicated to energy transition and innovation with €4.8 billion in assets under management and a 20 year + experience in: venture capital, buyout & growth capital, private debt, renewable energy, co-investment, secondary funds of funds. Omnes Capital is fullyindependent.With 65 business sales including 14 IPOs carried out in 16 years, Omnes VC is one of the key players in France in financing innovative SMEs with expertise in both Technology and Healthcare sectors. Omnes VC has supported 120 companies and has invested more than €500M in businesses such as Scality, Novaled, BioVex, arGEN-X, Pixium, Blablacar.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Series B
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 175
  • Round size: Series A $3.5M–$38M; Series B $4.4M–$43M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $403M in 2020

Portfolio highlights

  • Complix — Complix is a biopharmaceutical company focused on the discovery and development of Alphabodiesâ„¢, a novel class of biopharmaceuticals that offer significant advantages over existing protein based therapies. Alphabodiesâ„¢ bind with high affinity to a wide range of disease targets and are particularly suited to address certain targets that aredifficult to reach with antibodies or other types of protein scaffolds. Due to their unique stability and versatility Alphabodiesâ„¢ can be delivered via alternative non-injectable routes of administration, unlike most therapeutic proteins.
  • Sekoia.io — Sekoia.io provides cyber teams with a SOC platform that can respond to security incidents, regardless of the attack surface.
  • Amakem — Easy, affordable options for you to obtain the domain you want. Safe and secure shopping.
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Banco de Investimento Global
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise 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 $531k–$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.
  • 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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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Portugal Enterprise startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $500k–$4.6M; Pre-Seed $110k–$2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Lette AI — Operating system built for modern property teams. Automate the work that holds portfolios back and unlock NOI growth.
  • NineID — NineID provides a biometric access control solution and identity visitor management system that increases businesses' security, compliance, and safety.
  • Openface — Digital skin diagnostic and personalized skincare
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Beta-i
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise startups

Global innovation consultancy helping world-class companies design and scale collaborative, open and corporate innovation strategies, products and ecosystems.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
  • 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.
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Lakestar
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Portugal Enterprise startups

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund. The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 205
  • Round size: Seed $2.2M–$16M; Series A $6M–$44M; Series B $16M–$91M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Fuse Games — Based in Istanbul, Fuse Games’ vision is to build mobile games that are loved by wide and diverse player groups. Founded by a team that has strong gaming, growth and execution background, Fuse Games’ initial focus is on developing a MOBA game that includes strong meta elements and innovative ways to create a sense of ownership.
  • Aleph Alpha — Aleph Alpha develops AI systems for modern security challenges.
  • Neko Health — Try the Neko Body Scan. Get answers right away, and let us monitor your health - so you don't have to.
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MSM
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise startups

MSM is an early-stage generalist impact fund that invests all across Europe.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • UpLink — UpLink is a Telecommunications company that empowers the spread of The Collective Network farther, faster, and cheaper.UpLink believes that connectivity is a human right, an enabler of growth, and an equalizer of opportunities. They envision a world where the Internet is more accessible, inclusive, and affordable. Founded by Carlos Lei Santosand Andre Francisco in 2016 and is located in New York, NY.
  • WNWN Food Labs — We're WNWN Food Labs and we love food. We're creating delicious, sustainable and ethical alternatives to unsustainable and ethically dubious foods. We're starting with cacao-free chocolate. Changing chocolate? It's Win-Win #alt-chocolate #altchocolate #alt-universe #altuniverse #alt-protein
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Oxy Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Enterprise 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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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Portugal Enterprise startups

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: The Netherlands, United Kingdom, Sweden

Investor stats

  • Total investments: 34
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3.1M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $41M in 2020

Portfolio highlights

  • Sojo — Making your clothes work for you has never been so simple. Download Sojo today and have one of our community of seamsters bring your clothes to life.
  • AI-BOB — AI-BOB helps property developers and architects eliminate building errors, reduce rework, and optimize designs.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 2 investments in Portugal Enterprise startups, 8 in the past 12 months

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

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Investment focus

  • Industry: Blockchain, Information Technology, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Rebar Labs — Rebar Labs is a company that offers research services and infrastructure for bitcoin. The company wants to help users in the Bitcoin ecosystem create more effective and better experiences by addressing issues related to maximum extractable value and offering services that guarantee equitable value distribution.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Tren Finance — Tren Finance: a secure DeFi liquidity protocol offering seamless asset swaps, yield opportunities, and cross-chain compatibility through automated smart contracts, redefining liquidity for users and institutions.
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Maersk Growth
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Portugal Enterprise startups

Integrated logistics company and global leader in container shipping.

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Investment focus

  • Industry: Logistics, Supply Chain Management, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Denmark

Investor stats

  • Total investments: 73
  • Lead/follow: no public data

Portfolio highlights

  • Altris — Altris is a leading developer of sodium-ion batteries, offering superior performance and sustainability. Our innovative energy storage solutions are made from abundant and renewable materials, revolutionizing the way we power the world. Discover our cutting-edge technology today.
  • MODIFI — Explore digital trade finance and B2B payment solutions that empower your business to grow globally.
  • C1 Green Chemicals — C1 develops climate friendly chemical production processes via computer simulation. Our first product is green methanol. Circular carbon chemistry reducing CO2.
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BREEGA
VC Fund · London, England, United Kingdom · 2 investments in Portugal Enterprise startups

VCs use all sorts of tricks to attract the best companies. We do too. But as founders, we know that the main reason you choose an investor to be a part of your journey is because you like them. You trust them. Their values align with yours.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: France, United Kingdom, United States

Investor stats

  • Total investments: 138
  • Round size: Seed $1.1M–$8M; Series A $4.2M–$25M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — raised $165M in 2023

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • Dattak — Dattak offers cyber insurance solutions based on cybersecurity technologies. Their cybersecurity tools allow us to assess a company's level of cybersecurity without complex questionnaires. They provide their policyholders with a variety of cybersecurity tools to help them prevent and defend against cyberattacks.
  • Entalpic — Entalpic is an AI-driven discovery platform for sustainable industries aiming to optimize carbon-intensive sectors.
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