Top 15 Fitness Startup Investors in Portugal (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Olisipo Way
VC Fund
|
3 | Portugal, Lithuania | Pre-Seed, Seed | Software, FinTech, Marketplace | $159k–$6.5M |
|
Portugal Ventures
VC Fund
|
2 | Portugal, United States, France | Seed, Pre-Seed | Software, Information Technology, Health Care | $110k–$2.1M |
|
TrulyMad
VC Fund
|
2 | Portugal | Pre-Seed | Beauty, Fitness, Wellness | $550k–$560k |
|
M4 Ventures
VC Fund
|
1 | Portugal, United Kingdom, United Arab Emirates | Seed, Series A | Beauty, FinTech, Fitness | $2.2M–$2.5M |
|
Bynd Venture Capital
VC Fund
|
1 | Portugal, Spain, United States | Seed, Series A, Pre-Seed | Software, SaaS, Health Care | $483k–$50M |
|
Pankaj Chaddah
Angel
|
1 | India, France, Portugal | Seed, Angel, Pre-Seed | E-Commerce, Fitness, Health Care | $415k–$5.4M |
|
StartUp Health
VC Fund
|
1 | United States, Canada, United Kingdom | Seed, Pre-Seed | Health Care, Wellness, Medical | $20k–$4M |
|
Armilar Venture Partners
VC Fund
|
1 | Portugal, United States, United Kingdom | Seed, Series A | Software, Information Technology, Artificial Intelligence | $500k–$16M |
|
Jeremy Hendon
Angel
|
1 | Portugal | Pre-Seed | Apps, Fitness, Big Data | |
|
Demium Capital
VC Fund
|
1 | Spain, Portugal, Poland | Pre-Seed, Seed, Series A | Software, FinTech, Health Care | $110k–$3.1M |
|
Ganexa Capital
VC Fund
|
1 | Portugal, United States, United Kingdom | Seed, Pre-Seed | Fitness, Wellness, Health Care | $478k–$2.7M |
|
Scott MacMillan
Angel
|
1 | Portugal | Pre-Seed | Apps, Fitness, Big Data | |
|
Ideias Glaciares
Angel
|
1 | Portugal, United States | Pre-Seed, Seed | Wellness, SaaS, Video | $159k–$1.4M |
|
Lince Capital
VC Fund
|
1 | Portugal, United Kingdom, United Arab Emirates | Seed | Information Technology, E-Commerce, SaaS | |
|
Michael Chang
Angel
|
1 | Portugal | Pre-Seed | Apps, Fitness, Big Data | |
| Access all 27 investors in Portugal Fitness startups. | |||||
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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.
Show more...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.
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
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Seed, Pre-Seed
- Geography: Portugal, United States, France
Investor stats
- Total investments: 226
- 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
- Azulfy — Real-time pollution monitoring for EU municipalities. Satellite-based environmental compliance tools for local governments and smart cities.
- 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.
- Hostels HUB — Hostels HUB is a hostel developer that is looking for opportunities both in city as leisure locations around Portugal.
TrulyMad Business Accelerator
Show more...Investment focus
- Industry: Beauty, Fitness, Wellness
- Stage:Pre-Seed
- Geography: Portugal
Investor stats
- Total investments: 2
- Round size: Pre-Seed $550k–$560k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
M4 Ventures helps startups to grow and expand globally through experience and hands-on collaboration.
Show more...Investment focus
- Industry: Beauty, FinTech, Fitness
- Stage:Seed, Series A
- Geography: Portugal, United Kingdom, United Arab Emirates
Investor stats
- Total investments: 6
- Round size: Seed $2.2M–$2.5M
- Lead/follow: 17% lead, 83% follow
Portfolio highlights
- Nutrium — Nutrium is the most up-to-date nutrition software for dietitians and nutritionists to manage their nutrition business with nutritional assessment, meal planning and progress tracking.
- PayNest — PayNest is a payments amalgamator, which was created with the core mission of digitizing cash collection in the Middle East.
- sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
Bynd is a leading Iberian Venture Capital firm
Show more...Investment focus
- Industry: Software, SaaS, Health Care
- Stage:Seed, Series A, Pre-Seed
- Geography: Portugal, Spain, United States
Investor stats
- Total investments: 67
- Round size: Seed $483k–$5.3M; Pre-Seed $576k–$2.1M; Series A $5.5M–$50M
- Lead/follow: 18% lead, 82% 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.
Pankaj Chaddah is the Co-Founder of Shyft. Pankaj graduated with a degree in mechanical engineering from IIT Delhi in 2007.
Show more...Investment focus
- Industry: E-Commerce, Fitness, Health Care
- Stage:Seed, Angel, Pre-Seed
- Geography: India, France, Portugal
Investor stats
- Total investments: 20
- Round size: Seed $415k–$5.4M; Pre-Seed $725k–$1.2M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Fundamento — Measure and develop critical future-ready behavioral skills so you can achieve unparalleled success in your careers
- sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
- Infra.Market — Various types of Building & Construction Materials Supplier in Mumbai, Thane, Navi Mumbai. Infra market is solution/retail store for all types building and construction supplies & Civil products .
Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots
Show more...Investment focus
- Industry: Health Care, Wellness, Medical
- Stage:Seed, Pre-Seed
- Geography: United States, Canada, United Kingdom
Investor stats
- Total investments: 194
- Round size: Seed $100k–$4M; Pre-Seed $20k–$800k
- Lead/follow: 4% lead, 96% follow
Portfolio highlights
- Jiseki Health — Jiseki is built on the belief that families and communities need and deserve a safety net, and to have peace of mind when things go wrong. We provide access and delivery of key advice, help, products and services through highly scalable SMS technology, powered by a combination of professionals and AI, and sold as a portable life benefit package..Text #help to 543210, to discover Jiseki services.
- Biome Analytics — Biome is an analytic applications that help cardiovascular teams do their best work. It helps forward thinking hospitals profitably transition and thrive in the new world of healthcare. During COVID-19, Biome has focused on assessing hospital capacity.
- NEXT Life Sciences — NEXT Life Sciences is developing the revolutionary Plan A™ procedure to bring the only scientifically proven technology in the category - Vasalgel® - to market.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Series A
- Geography: Portugal, United States, United Kingdom
Investor stats
- Total investments: 102
- 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 —
Jeremy Hendon
Show more...Investment focus
- Industry: Apps, Fitness, Big Data
- Stage:Pre-Seed
- Geography: Portugal
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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
Show more...Investment focus
- Industry: Software, FinTech, Health Care
- Stage:Pre-Seed, Seed, Series A
- Geography: Spain, Portugal, Poland
Investor stats
- Total investments: 83
- Round size: Seed $110k–$3.1M; Pre-Seed $110k–$450k
- Lead/follow: 61% lead, 39% 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
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Ability to open doors on opportunities (potential clients/strategic partners/suppliers/etc). Add market credibility, something missing in many start-ups.Know-how that can save you time, money and unnecessary stress and worry. Ability to complement the existing management team, filling gapsThey understand the difficulties andhardships of starting and building a business. They are motivated to work with you on the building process, and not just wait for the end result
Show more...Investment focus
- Industry: Fitness, Wellness, Health Care
- Stage:Seed, Pre-Seed
- Geography: Portugal, United States, United Kingdom
Investor stats
- Total investments: 7
- Round size: Seed $478k–$2.7M
- Lead/follow: 14% lead, 86% follow
Portfolio highlights
- Abtrace — Abtrace is an automated, self-learning care system where we can provide personalised care, delivered at population scale - where predictive, preventative and proactive approaches keep people healthy and out of hospital.
- sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
- ChemiTek — Certified & sustainable solutions for industrial maintenance. We have the solutions you need!
Scott MacMillan
Show more...Investment focus
- Industry: Apps, Fitness, Big Data
- Stage:Pre-Seed
- Geography: Portugal
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
Ideias Glaciares
Show more...Investment focus
- Industry: Wellness, SaaS, Video
- Stage:Pre-Seed, Seed
- Geography: Portugal, United States
Investor stats
- Total investments: 7
- Round size: Seed $250k–$1.4M; Pre-Seed $159k–$1.3M
- Lead/follow: 14% lead, 86% follow
Portfolio highlights
- Replai — Without data, creative choices are just guesswork. Replai helps you understand the difference between a creative that your audience acts on and one that is just another scroll.
- sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
- MIGHTY — MIGHTY is a maker of healthy food fridges for the workplace. Their healthy food fridges use a software platform that organizes and coordinates logistics with local storage and distribution partners.
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.
Show more...Investment focus
- Industry: Information Technology, E-Commerce, SaaS
- Stage:Seed
- Geography: Portugal, United Kingdom, United Arab Emirates
Investor stats
- Total investments: 20
- Lead/follow: no public data
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%.
- Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.
- OSCAR — On-demand app for home services like repair, cleaning and laundry with fixed prices in less than 30 minutes.
Michael Chang
Show more...Investment focus
- Industry: Apps, Fitness, Big Data
- Stage:Pre-Seed
- Geography: Portugal
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
Fitness Investor funding in Portugal at a glance
Stats across 17 deals from 27 investors.
Access all 27 investors in Portugal Fitness startups.
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