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Top 10 eSports Startup Investors in Portugal (November 2026)

The most active venture capital funds and angel investors investing in Portugal eSports startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal eSports 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
2 Portugal, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
Shilling VC
VC Fund
2 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Morningstar Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$25M
ADvantage
VC Fund
1 United States, Israel, India Series A, Series B Sports, eSports, Mobile Apps $5M–$25M
Explorer Investments
VC Fund
1 Portugal, Spain, Brazil Private Equity, Seed, Venture - Series Unknown Manufacturing, Information Technology, Retail $1.7M–$21M
Semapa Next
VC Fund
1 Portugal, United Kingdom, Germany Series A, Seed, Pre-Seed Software, Artificial Intelligence, SaaS $222k–$32M
Sérgio Oliveira
Angel
1 Portugal Series A PaaS, Soccer, Sports
APEX Capital
VC Fund
1 China, Portugal Series A, Angel, Series D Manufacturing, B2C, PaaS $449k–$14M
Clever Advertising
VC Fund
1 Portugal, Lithuania, United States Seed, Pre-Seed, Convertible Note Mobile Apps, PaaS, SaaS
Moonrock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
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Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal eSports 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 Parks Mobile, 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, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 409
  • Round size: Seed $121k–$1.9M; 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

  • Fetalix — Fetal-inspired solutions for tissue regeneration
  • 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.
  • Outgoing — A ticketing tool that allows organizers to sell tickets directly on WhatsApp and Instagram. Users can purchase tickets through a personalized checkout process entirely within the chat, without registration or redirects. It also offers customer support that answers questions in real time.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal eSports 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, direct access 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: 122
  • Round size: Seed $274k–$5M; Pre-Seed $125k–$3M; Series A $5M–$20M
  • Lead/follow: 20% lead, 80% 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 — Help healthcare and care teams deliver personalised daily support, with cognitive insights and professional monitoring to inform ongoing care.
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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Portugal eSports startups

We are a proprietary investment firm focused on digital assets and blockchain technology, primarily focused on the Elrond Ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 149
  • Round size: Seed $1.5M–$10M; Series A $1.6M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • OP_NET — OPNET is a Bitcoin Layer 1 metaprotocol that enables smart contracts to function directly on the Bitcoin blockchain, without the use of sidechains or Layer 2 solutions.
  • Watch.fun — Watch.fun is a platform that offers ticket-based entries for luxury watch giveaways.
  • Space — Space is a leveraged prediction market platform built on Solana, designed to reward users for accurate insights while enabling efficient capital flow through competitive forecasting, combining high-performance blockchain infrastructure with advanced market mechanisms to create a transparent, scalable, and engaging environment for decentralizedprediction and informed decision-making.
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ADvantage
VC Fund · Jerusalem, Yerushalayim, Israel · 1 investments in Portugal eSports startups

ADvantage Sports Tech Fund invests in early-stage technology companies aimed at shaping the future of sports. ADvantage is backed by leAD Sports, an initiative spearheaded by the grandchildren of Adi Dassler to further sports innovation, and global hybrid venture capital platform, OurCrowd. ADvantage is leveraging a strong global network to sourceleading opportunities in the spaces of fan engagement and experience, connected athletes and communities, and derivative sports (eSports, fantasy, and new sports).

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Investment focus

  • Industry: Sports, eSports, Mobile Apps
  • Stage:Series A, Series B
  • Geography: United States, Israel, India

Investor stats

  • Total investments: 12
  • Round size: Series A $5M–$25M; Series B $10M–$15M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

Portfolio highlights

  • Ladder — Get stronger & workout more. Free 7 day trial, no credit card needed!
  • Greenfly — Greenfly is an enterprise SaaS company and the leader in advocacy marketing. The Greenfly digital media exchange platform enables organizations to fuel brand love by tapping the social media power of their advocates. Emotional connection is the key to building a brand that people love. You can’t buy it – brand love is earned through genuineinteractions, personal connections and real word-of-mouth. Sports, media, entertainment, social causes, and agent-driven organizations depend on Greenfly’s advocacy marketing platform to easily share short-form media. When advocates share great photos and videos on their social profiles, it creates personal engagement with the brand’s customers. Organizations can extend their organic social media reach by 1,000% or more, and brand advocacy can be more effective and much less expensive than social advertising.Greenfly started helping sports and entertainment brands in 2014, and has been named one of the fastest-growing organizations in California by Inc. magazine. Headquartered in Santa Monica, California, Greenfly has sales offices across the U.S. and Europe.
  • Recapp — The feed every fan deserves. Download Recapp now.
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Explorer Investments
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal eSports 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, Information Technology, Retail
  • Stage:Private Equity, Seed, Venture - Series Unknown
  • Geography: Portugal, Spain, Brazil

Investor stats

  • Total investments: 90
  • Round size: Seed $1.7M–$11M; Venture - Series Unknown $6.6M–$21M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $154M in 2018

Portfolio highlights

  • Luca — Luca's learning platform provides learning programs for primary and secondary school students. The learning platform offers pre-recorded K12 videos, gamified content and AI powered personalized study paths, covering the entire official academic curriculum and national exams prep. Luca is a VC backed startup with HQ in Madrid & MexicoCity
  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • Spotlite — Spotlite combines satellite data with AI to predict infrastructure risks before they become problems.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal eSports 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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Sérgio Oliveira
Angel · 1 investments in Portugal eSports startups

Sérgio Oliveira

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Investment focus

  • Industry: PaaS, Soccer, Sports
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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APEX Capital
VC Fund · Changning, Shanghai, China · 1 investments in Portugal eSports startups

APEX Capital is an equity investment fund.

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Investment focus

  • Industry: Manufacturing, B2C, PaaS
  • Stage:Series A, Angel, Series D
  • Geography: China, Portugal

Investor stats

  • Total investments: 6
  • Round size: Series A $449k–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaok Group — Yaok Group is an official product reservation platform for all luxury brands.
  • Si'ao Biotechnology — Si'ao Biotechnology engages in the development and production of genetic engineering vaccines and test kits.
  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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Clever Advertising
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal eSports startups

We are an online advertising company. Experts on leading monetization models. With cutting-edge online media campaigns, online content and traffic management.

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Investment focus

  • Industry: Mobile Apps, PaaS, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Portugal, Lithuania, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Lympid — EU Tokenization Platform for Securities & RWAs | Lympid tokenize any asset and accept investments in weeks, not months by leveraging our tokenization-as-a-service
  • Replai — Founded in 2019, Replai is the world’s first video-based creative insights platform that empowers brands to maximize the performance and engagement of their videos. Blending computer vision and AI technology, Replai has solved a long-standing problem that helps brands recalibrate their videos so they can maximize growth and build communities.Replai partners with some of the biggest global brands and mobile apps companies. Based in San Francisco, Replai is a privately-held, venture-backed company, with offices in London and Porto.
  • betty.football — betty, the world's first AI-powered football assistant, that makes real-time goals predictions and offers valuable statistical insights to football fans. Using artificial intelligence models, proprietary algorithms, and machine learning techniques, betty analyzes major leagues, their clubs, history, and behaviors to develop her skills.Recently, with the addition of Chat GPT's innovative technology, betty's capabilities are set to expand even further. Chat GPT's expertise in natural language processing and machine learning will complement betty's existing features, making it easier for fans to receive real-time updates and personalized recommendations.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal eSports 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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eSports Investor funding in Portugal at a glance

Stats across 9 deals from 18 investors.

18
investors
in Portugal eSports startups
9
deals
in Portugal eSports startups
$6.9M
median round
in Portugal eSports startups
22%
lead investors
lead at least one round
33%
Seed
most common funding stage
94/6
VC / Angel
share of investor count

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