# Top 25 Food and Beverage VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Indico Capital Partners | 5 | Portugal, United States, Spain | Seed, Series A, Pre-Seed | Information Technology, E-Commerce, B2B |
| Portugal Ventures | 4 | Portugal, United States, France | Seed, Pre-Seed | Software, Information Technology, Health Care |
| Caixa Capital | 3 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, SaaS |
| MSM | 2 | United Kingdom, Germany, Portugal | Seed, Pre-Seed, Series A | Information Technology, Software, B2B |
| BlueCrow Capital | 2 | United Kingdom, United Arab Emirates | Seed | FinTech, Payments, Mobile Payments |
| Olisipo Way | 2 | Portugal | Pre-Seed, Seed, Convertible Note | Software, SaaS, Beauty |
| Lince Capital | 2 | Portugal, United Kingdom, United Arab Emirates | Seed | Information Technology, E-Commerce, SaaS |
| REDangels | 2 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Mobile, Internet of Things, Internet |
| Bright Pixel (formerly Sonae IM) | 2 | United States, Portugal, Spain | Series A, Series B, Seed | Software, Information Technology, SaaS |
| COREangels | 1 | Spain, Portugal, United Kingdom | Seed, Pre-Seed, Angel | Software, E-Commerce, Information Technology |
| Market One Capital | 1 | Poland, United Kingdom, Germany | Seed, Series A, Pre-Seed | Internet, E-Commerce, SaaS |
| Flyer One Ventures | 1 | United States, Cyprus, United Kingdom | Seed, Series A, Pre-Seed | Software, Education, Artificial Intelligence |
| LC Ventures | 1 | Portugal, China, Poland | Seed, Pre-Seed, Series D | Information Technology, Artificial Intelligence, SaaS |
| CaixaBank | 1 | Spain, Italy, Ireland | Debt Financing, Seed, Pre-Seed | Renewable Energy, Apps, Solar |
| Casa Verde Capital | 1 | United States, Germany, Canada | Seed, Series A, Series B | Cannabis, Software, Health Care |
| Aqua Spark | 1 | United States, Norway, Israel | Series A, Seed | Biotechnology, Seafood, Aquaculture |
| Brpx | 1 | Portugal, United States, Spain | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| Shio Capital | 1 | Germany, Sweden, United Kingdom | Seed, Pre-Seed | Food and Beverage, Food Processing, Grocery |
| Shilling VC | 1 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Information Technology, Software, Internet |
| WISENEXT | 1 | Portugal, United States | Seed, Pre-Seed | Software, Artificial Intelligence, Internet |
| Vershina Capital | 1 | United States, Russian Federation, Portugal | Secondary Market, Series A | EdTech, Software, Education |
| Iberis Capital | 1 | Portugal, Spain, United Kingdom | Seed, Series A, Pre-Seed | Information Technology, Software, B2B |
| Seedcamp | 1 | United Kingdom, United States, Germany | Seed, Pre-Seed, Series A | Software, FinTech, SaaS |
| ENISA | 1 | Spain, United States, France | Seed, Debt Financing, Pre-Seed | Software, Health Care, Information Technology |
| Insta Ventures | 1 | United States, Estonia, France | Seed, Pre-Seed, Series A | Software, E-Commerce, Advertising |