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Top 50 Gaming Startup Investors in Portugal (June 2026)

The most active venture capital funds and angel investors investing in Portugal Gaming startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Gaming startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Portugal Ventures
VC Fund
8 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $110k–$2.1M
Shilling VC
VC Fund
6 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Internet $208k–$20M
Indico Capital Partners
VC Fund
6 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
Lince Capital
VC Fund
4 Portugal, United Kingdom, United States Seed, Series A E-Commerce, Health Care, Information Technology $1.1M–$16M
Caixa Capital
VC Fund
3 Portugal, United States, Spain Seed, Series A Software, Information Technology, SaaS $120k–$12M
Miguel Santo Amaro
Angel
3 Spain, Portugal Pre-Seed, Seed, Angel Communities, Food Delivery, Food and Beverage
Alex Vassiliev
Angel
3 Portugal, United States Pre-Seed, Seed, Angel Apps, Baby, EdTech $1M–$1.4M
REDangels
VC Fund
2 Portugal, Poland, Germany Seed, Pre-Seed, Angel Mobile, Internet of Things, Internet $11k–$3M
Olisipo Way
VC Fund
2 Portugal, Lithuania Pre-Seed, Seed Software, FinTech, Marketplace $159k–$6.5M
Andrey Tsytsenko
Angel
2 Portugal, Russian Federation Seed, Angel, Pre-Seed Grocery, Software, Food Delivery $1.3M–$1.9M
COREangels
VC Fund
2 Spain, Portugal, United Kingdom Seed, Pre-Seed, Angel Software, SaaS, Artificial Intelligence $150k–$5.3M
LC Ventures
VC Fund
2 Portugal, China, Poland Seed, Pre-Seed, Series A Information Technology, SaaS, Artificial Intelligence $11k–$12M
BlueCrow Capital
VC Fund
2 Portugal, United Kingdom, Spain Seed, Series A Information Technology, SaaS, Energy Efficiency $2.2M–$16M
MSM
VC Fund
2 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, Software, B2B $219k–$9.9M
Dmitry Shklyar
Angel
2 Portugal, Russian Federation Seed, Angel, Pre-Seed Finance, Grocery, Crowdfunding
Bright Pixel Capital
VC Fund
2 United States, Portugal, Israel Series A, Series B, Seed Software, Information Technology, SaaS $1.1M–$35M
Leonid Dovladbegyan
Angel
2 Portugal Seed, Pre-Seed Grocery, Food Delivery, Delivery Service
Casa Verde Capital
VC Fund
1 United States, Germany, United Kingdom Seed, Series A, Series B Cannabis, Health Care, Software $2.5M–$38M
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A Software, Gaming, Information Technology $1.1M–$30M
Voodoo
VC Fund
1 Turkey, India, Israel Seed, Corporate Round Gaming, iOS, Web3 $495k–$1.5M
Brpx
VC Fund
1 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $318k–$15M
Niall Curran
Angel
1 Portugal Seed iOS, Gaming, Android
Roy Bhasin
Angel
1 United States, Canada, Portugal Seed, Pre-Seed Information Technology, Decentralized Finance (DeFi), Gaming
Flyer One Ventures
VC Fund
1 United States, United Kingdom, Cyprus Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $350k–$15M
SharesPro
VC Fund
1 United States, Portugal Secondary Market, Seed SaaS, Cryptocurrency, Artificial Intelligence
Rui Pereira
Angel
1 Portugal Seed iOS, Gaming, Android
LD Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming
Hyperithm
VC Fund
1 United States, Singapore, South Korea Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services
Vershina Capital
VC Fund
1 United States, Russian Federation, Portugal Secondary Market, Series A EdTech, Software, Education $500k–$11M
Ash Crypto
Angel
1 Portugal, United States Seed Gaming, Web Apps, Blockchain
4SV
VC Fund
1 United States, Panama, Estonia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Online Games
Polygon
VC Fund
1 United States, Singapore, India Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Gaming
Gabby Dizon
Angel
1 United States, Hong Kong, Australia Seed, Pre-Seed, Series A Gaming, Blockchain, Cryptocurrency
ROK Capital
VC Fund
1 United States, Japan, Brazil Seed, Series A Blockchain, Financial Services, Gaming
MetaBros
VC Fund
1 Portugal, United Arab Emirates Seed Web3, Gaming, Web Apps
Sérgio Oliveira
Angel
1 Portugal Series A PaaS, Soccer, Sports
APEX Capital
VC Fund
1 China, Portugal Series A PaaS, Soccer, Sports
TKX Capital
VC Fund
1 Mexico, Portugal, Australia Seed Gaming, Blockchain, Online Games
Waterdrip Capital
VC Fund
1 Singapore, United States, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Bitcoin
Emurgo ventures
VC Fund
1 Singapore, Portugal, New Zealand Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming
Shio Capital
VC Fund
1 Germany, Sweden, United Kingdom Seed, Pre-Seed Food and Beverage, Food Processing, Grocery
Sky Mavis
VC Fund
1 United States, Canada, Portugal Seed, Series A Gaming, Web3, Blockchain
Sandeep Nailwal
Angel
1 United States, India, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services
CaixaBank
VC Fund
1 Spain, Italy, Ireland Debt Financing, Seed, Pre-Seed Renewable Energy, Apps, Food Delivery
Moonrock Capital
VC Fund
1 Singapore, United Kingdom, United States Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Lasse Seppanen
Angel
1 Portugal Seed Gaming, Computer
Semapa Next
VC Fund
1 Portugal, United Kingdom Series A, Seed SaaS, Information Technology, B2B
Demium Capital
VC Fund
1 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence
MarketAcross
VC Fund
1 United States, Portugal, United Kingdom Seed, Initial Coin Offering Gaming, Blockchain, Online Games
Aqua Spark
VC Fund
1 United States, Norway, Israel Series A, Seed Biotechnology, Aquaculture, Seafood
Access all 132 investors in Portugal Gaming startups.

Access 48,091 investors

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

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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 8 investments in Portugal Gaming 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: 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.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 6 investments in Portugal Gaming 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: 85
  • Round size: Seed $603k–$5M; Pre-Seed $208k–$3M; Series A $5M–$20M
  • Lead/follow: 24% lead, 76% 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
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Punto Health — AI-Powered, Personalised Support for Every Patient and Family
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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 6 investments in Portugal Gaming 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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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 4 investments in Portugal Gaming 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, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $1.1M–$6.8M; Series A $6M–$16M
  • Lead/follow: 54% lead, 46% 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.
  • Cargofive — Cargofive is the digital solution that will allow your freight forwarder to access to maritime rates from different providers in one place.
  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Gaming 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

  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
  • Movvo — The Movvo platform delivers smart business intelligence solutions for owners and operators of retail and commercial real estate that turns data into improved retail performance and better value engineering decisions. The platform combines consumer behaviour wireless sensor technology and digests other public and private datasets, enhancing theunderstanding of the data by applying machine learning to provide fast and easy interpretation of this data delivering insights and rapid scenario-planning. Whether it is measuring ROI or reporting KPI's, the Movvo platform has these bases covered. Where it comes into its own is via the application of machine learning Want to easily prepare a leasing pack that maximises the rental value, what to create additional incremental value from asset investment decisions, want to know the impact of changing the tenant from apparel retailer to food & beverage? The Movvo platform can deliver prescriptive intelligence and more.
  • Exogenus Therapeutics — Exogenus Therapeutics is engineering cell biology for innovative therapeutic solutions.Exo-T is a biotechnology company dedicated to the pre-clinical and clinical development of innovative cellular-based therapies applied to regenerative medicine, specifically for the skin lesions treatment. The company is presently developing its first product,Exo-Wound, for the treatment of chronic wounds.The project that led to the creation of the company (Nanoinspire) participated in COHiTEC 2014 program and is the result of the research developed in collaboration with Crioestaminal SA, Biocant, and Centre for Neurosciences and Cellular Biology of Coimbra University.
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Miguel Santo Amaro
Angel · Lisbon, Lisboa, Portugal · 3 investments in Portugal Gaming startups

Miguel is a tech entrepreneur (Coverflex, StudentFinance, and Uniplaces) and an early-stage tech investor via Shilling (new early-stage €30M Shilling Founders Fund).Miguel is the co-founder & CEO of Coverflex.com. The way we work is changing, but compensation — salary, bonus, equity, and benefits — has not evolved for decades. The currentrigid, one-size-fits-all approach is outdated and fails to satisfy the needs of the modern workforce. Coverflex is changing that. This all-in-one tech-enabled platform enables all companies — regardless of their size — to design, consolidate and personalise their compensation offers beyond salary. Companies can supercharge their employee benefits while saving both time and money. Coverflex calls this “Compensation as a Service”. Miguel is also the founder of Studentfinance.com (edtech startup promoting Income-Share -Agreements (“ISA”) to help increase educational opportunity and empower people to access high-impact careers) & Uniplaces.com (consumer marketplace to mid-to-long term rentals).Miguel is also a Partner, since 2017, in the most active pre-seed and seed VC in Portugal - Shilling.vc - as well as a lead mentor role in Techstars. Since then, Miguel led angel investments in more than 30 early-stage companies in Europe.Miguel is passionate about startups and entrepreneurship and serves as an advisor to a number of early-stage companies around Europe. Since 2017 he is an EO Portugal Founding Member, a peer-to-peer organisation that supports high-impact entrepreneurs across the world. He is married to Flávia and together they have baby Camila.

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Investment focus

  • Industry: Communities, Food Delivery, Food and Beverage
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Spain, Portugal

Investor stats

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

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • 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
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Alex Vassiliev
Angel · Moscow, Moscow City, Russian Federation · 3 investments in Portugal Gaming startups

Alex Vassiliev is a Founder and CEO at Elixir Fine Foods.

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Investment focus

  • Industry: Apps, Baby, EdTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Portugal, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $1M–$1.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
  • Buddy.ai — Buddy lets children practice spoken English by talking with a virtual AI-powered cartoon character in a mobile app. With its engaging virtual character, speech technology, and adaptive learning, Buddy is making speaking practice affordable for 500 million children around the globe by automating the mundane part of tutoring work at a fraction ofthe cost. This enables teachers and parents to give kids unlimited speaking practice, essential for mastering English.
  • Elixir Fine Foods — Elixir Fine Foods is an innovative startup company bringing the highest quality European products to China, using the power of social commerce.Flagship brand in Elixir's portfolio is Healthy Eva - baby food brand with products in different categories including fruit, vegetable, meat and fish purees, baby biscuits, baby porridges etcdistributed through e-commerce and social commerce in China, including e-commerce platforms like Tmall Global or live-streaming serices such as Taobao Live, Kuaishou etc.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 2 investments in Portugal Gaming 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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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming 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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Andrey Tsytsenko
Angel · Russia, Ohio, United States · 2 investments in Portugal Gaming startups

Andrew Tsytsenko is a CEO/Co-founder – Motify App. He attended Université Paris Dauphine - PSL.

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Investment focus

  • Industry: Grocery, Software, Food Delivery
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Portugal, Russian Federation

Investor stats

  • Total investments: 4
  • Round size: Seed $1.3M–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
  • Geeek club — Learn without realizing. Unique DIY bots and models. Made of PCB.
  • Skipp — Hire Top Software Developers, UX/UI Designers, Product managers, DevOps, No-code Developers And Other Tech Talents
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Access 48,091 investors

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

Browse database — It's Free!
COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 2 investments in Portugal Gaming startups

Where startups can get much more than money, and Investors can professionally invest as angels.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Spain, Portugal, United Kingdom

Investor stats

  • Total investments: 43
  • Round size: Seed $262k–$5.3M; Pre-Seed $150k–$2.2M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pawer — B2C insurance subscription for pet owners
  • hypt — hypt is a Swiss based SaaS marketing solution that empowers companies to digitalize word-of-mouth. By using our word-of-mouth manager companies are able to activate 40% of their customers to send out a personal recommendation to their peers increasing sales through word-of-mouth by 4 times. Our solution empowers our ICP customers in the finance andinsurance segments to strategically use and optimize the most authentic and cost effective advertising channel – word-of-mouth – and makes it an accessible asset of every marketing mix.
  • Ex Nunc Intelligence — Ex Nunc Intelligence provides professionals with thorough summaries of legal information, credible responses to legal issues, and automated legal document preparation features.
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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming 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, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, China, Poland

Investor stats

  • Total investments: 30
  • Round size: Seed $262k–$4.9M; Pre-Seed $11k–$329k; Series A $6M–$12M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $17M in 2018

Portfolio highlights

  • Lyzer — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • 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
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BlueCrow Capital
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Gaming startups

BlueCrow Capital is a venture capital firm.

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Investment focus

  • Industry: Information Technology, SaaS, Energy Efficiency
  • Stage:Seed, Series A
  • Geography: Portugal, United Kingdom, Spain

Investor stats

  • Total investments: 13
  • Round size: Seed $2.2M–$10M; Series A $12M–$16M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • 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.
  • Tonic App — Tonic App is a B2C2B digital health company building a professional ecosystem for medical doctors. Tonic App helps medical doctors to diagnose and treat their patients by curating, for them, in a single mobile platform, the best professional resources from peers, publishers, regulatory bodies, recruiters, providers & the industry.
  • KIT-AR — Reduce time and costs spent fixing errors on your manufacturing shopfloor with quality assurance and augmented reality- Click in to find how!
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MSM
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

MSM is a 45M€ early-stage impact VC fund. We invest in brave founders solving the world’s biggest social and environmental challenges.

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Investment focus

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

Investor stats

  • Total investments: 43
  • Round size: Seed $1.3M–$4.1M; Pre-Seed $219k–$3M; Series A $4.1M–$9.9M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Kitch — Centralize all your delivery apps or create your own delivery channel for your restaurant with Kitch. Join for free!
  • Omocom — Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Dmitry Shklyar
Angel · Petersburg, Virginia, United States · 2 investments in Portugal Gaming startups

Dmitry Shklyar is the founder of JobTop. Dmitry Shklyar attended Saint Petersburg State University of Finance and Economics in 2002.

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Investment focus

  • Industry: Finance, Grocery, Crowdfunding
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Portugal, Russian Federation

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
  • JetLend — JetLend is a crowdfunding platform through which private investors lend to small businesses.
  • Geeek club — Learn without realizing. Unique DIY bots and models. Made of PCB.
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Bright Pixel Capital
VC Fund · Maia, Porto, Portugal · 2 investments in Portugal Gaming 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, Israel

Investor stats

  • Total investments: 95
  • Round size: Seed $1.1M–$7.3M; Series A $5.4M–$16M; Series B $15M–$35M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • Bria — Bria is a Computer Software company.
  • Mesh Security — Mesh Security is the industry’s first complete Zero Trust Posture Management (ZTPM) SaaS platform, a single source of truth that enables companies to implement a unified Zero Trust Architecture on top of their existing stack. Without using agents, Mesh effortlessly and seamlessly maps a company’s entire cloud XaaS estate in minutes, providing fullcontextual visibility, control, and protection of the Everywhere Enterprise.
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Leonid Dovladbegyan
Angel · 2 investments in Portugal Gaming startups

Leonid Dovladbegyan is a general director of online hypermarket Vprok.ru.

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Investment focus

  • Industry: Grocery, Food Delivery, Delivery Service
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
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Casa Verde Capital
VC Fund · Los Angeles, California, United States · 1 investments in Portugal Gaming startups

As both the domestic and international markets continue to evolve and mature, Casa Verde maintains a view that cannabis will be among the most compelling investment themes of our generation.

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Investment focus

  • Industry: Cannabis, Health Care, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 43
  • Round size: Seed $2.5M–$14M; Series A $3.5M–$15M; Series B $15M–$38M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2020

Portfolio highlights

  • Growlink — Growlink offers advanced software and hardware solutions to streamline your grow operations. Automate climate, irrigation, and nutrient delivery while gaining valuable insights to boost yields, reduce waste, and ensure consistent quality. Discover how our tools can transform your cultivation process.
  • Mamedica — MAMEDICA is a private clinic with a pharmacy attached that specializes in prescribing cannabis-based drugs to patients whose current meds have not produced sufficient outcomes for their ailments.
  • Sanity Group — Sanity Group is a holistic European Cannabis company focusing on health, wellbeing, and scientific research. To utilize the full potential of its health benefits, Sanity Group is investing in fundamental research of the cannabis plant and its active ingredients as well as in specific areas of application.It was founded in 2018 and headquarteredin Berlin, Germany.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Portugal Gaming startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 71
  • Round size: Seed $1.1M–$8M; Series A $4.3M–$30M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Yousician — Yousician is a fun way to learn the guitar, piano, bass, ukulele or singing. Enjoy thousands of songs with Yousician as your personal music teacher!
  • Absurd:Joy — absurd:joy is bringing joy to remote collaboration with Tangle
  • Noice — Join the team build an awesome combo of social x playful x platform.
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Voodoo
VC Fund · Paris, Ile-de-France, France · 1 investments in Portugal Gaming startups

We entertain millions of users around the world every month with our games and apps.

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Investment focus

  • Industry: Gaming, iOS, Web3
  • Stage:Seed, Corporate Round
  • Geography: Turkey, India, Israel

Investor stats

  • Total investments: 6
  • Round size: Seed $495k–$1.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
  • Fabrika Games — Togel singapore menyediakan hasil keluaran sgp hari ini lewat undian pengeluaran sgp yang kemudian akan dicatatkan dalam data sgp prize terlengkap.
  • Polygon — Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.
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Brpx
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Gaming 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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Niall Curran
Angel · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Niall Curran is the Chairman at COPA90.

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Investment focus

  • Industry: iOS, Gaming, Android
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
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Roy Bhasin
Angel · 1 investments in Portugal Gaming startups

Zeneca is a Writer, collector,Trader and Angel Investor

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Investment focus

  • Industry: Information Technology, Decentralized Finance (DeFi), Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Wasabi — The Decentralized NFT Options Protocol
  • Ethos Network — The Ethos Credibility Score is the first dApp created on the Ethos Network. It created Ethos to be expandable to various interfaces and dApps by developing the infrastructure onchain. Using any interface, developers can post reviews, vouches, and slashes straight into Ethos' smart contract.
  • Particle Network — Particle Network offers a full-stack Web3 infrastructure, allowing developers to execute their projects from concept to deployment in a unified workflow for high-performance dApps. Its mobile app data and development platform for Web 3.0 provides developers with scalable, decentralized backends and data infrastructure.
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Flyer One Ventures
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Flyer One Ventures is an international early-stage venture capital firm focused on early-stage startups from CEE region. The fund invests in future-proof startups, founded by exceptional teams, and operating on global markets worth more than $10 billion. Flyer One Ventures funds startups in Mobile, Health Tech, EdTech, Fitness & Wellness, B2BSaaS, Gaming, FoodTech, and AI/ML industries and helps them scale on international markets. Founded by the co-founder of BetterMe and supported by Genesis Tech, Flyer One Ventures has deep expertise in Digital Marketing, Product, PR, Branding, and Recruiting. Along with the financial investment, Flyer One Ventures actively supports its portfolio companies, helping them optimize Digital Marketing campaigns, hire R&D staff, build user-friendly products, and fundraise Series A and Series B rounds. Flyer One Ventures' ultimate goal is to support early-stage startups in the geographies with low access to early financing and help them become global leaders by mentorship and daily support.

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $550k–$8M; Pre-Seed $350k–$3M; Series A $1M–$15M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Awesomic — Get matched with the best-fit designer on a fixed budget with no stress. Place a design task and see the first results on the next business day. Start today!
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Accel Club — Our sellers enjoy a fast and transparent transaction process. This is due to the efforts of our experienced team from companies like Amazon, McKinsey, Procter & Gamble and Uber.
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SharesPro
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Portugal Gaming startups

SharesPro is an independent analyst working on the US stock market, an expert on systematic investment and capital growth. SharesPro has extensive experience in stock markets and in-depth knowledge of investments, mergers, and acquisitions. The firm was incorporated in 2017 and is based in Moscow, Moscow City, Russian Federation.

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Investment focus

  • Industry: SaaS, Cryptocurrency, Artificial Intelligence
  • Stage:Secondary Market, Seed
  • Geography: United States, Portugal

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • TRUE Future — Our goal is to unleash the potential of NFT tokens and provide brands, game developers and users with cross-chain infrastructure to apply real benefits of the technology.
  • Lifetime Health — We are a digital platform, transforming the healthcare landscape with our innovative hospital-at-home care services. Our mission is to create an efficient healthcare system that provides essential services, including lab tests, express check-ups, nursing care, and medical devices, right at your doorstep.
  • Automation Anywhere — Automation Anywhere is a global leader in Robotic Process Automation, offering cloud-native, web-based, intelligent automation solutions to the world's largest enterprises.
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Rui Pereira
Angel · Linda-a-velha, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Rui Pereira is a co-founder and Vice President at OutSystems. Currently runs Professional Services, Technical Support and the IT groups. Before starting OutSystems, Pereira was a partner at WeDo Consulting, worked in various positions at Oracle in the US and Europe and Unilever. Has studied Computer Science, Business Management and Marketing.

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Investment focus

  • Industry: iOS, Gaming, Android
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Portugal Gaming startups

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 159
  • Lead/follow: no public data

Portfolio highlights

  • DAOBase — DAOBase is an AI-powered data and infrastructure platform developed particularly for DAOs. By employing innovative algorithms, the company assists DAOs and voters in establishing on-chain and off-chain data reputation layers, allowing users to intelligently monitor DAO governance, make educated decisions, and investigate future job models.
  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
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Hyperithm
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Portugal Gaming startups

A premier digital asset manager based in Tokyo and Seoul.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, South Korea

Investor stats

  • Total investments: 47
  • Lead/follow: no public data

Portfolio highlights

  • ZKEX — ZKEX appears to be a decentralized exchange (DEX) operating on Layer 2 (L2) technology, which aims to enhance transaction speeds and reduce costs compared to traditional Layer 1 solutions like Ethereum
  • Soarchain — Cars on the blockchain are the next thing. Soarchain is the single-purpose blockchain for advancing vehicles. Power every vehicle by blockchain.
  • Hamilton Treasury — Bitcoin isn’t just digital gold—it’s the new foundational layer of capital markets. Hamilton leverages Bitcoin’s unmatched security and decentralization to tokenize real-world assets (RWA), providing global access to institutional-grade financial products.
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Vershina Capital
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Portugal Gaming startups

Vershina Capital is a venture capital fund with the focus on innovative business models and growing markets. We provide our financing and expertise to early stage startups in online education, foodtech, e-commerce and saas business models.

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Investment focus

  • Industry: EdTech, Software, Education
  • Stage:Secondary Market, Series A
  • Geography: United States, Russian Federation, Portugal

Investor stats

  • Total investments: 23
  • Round size: Series A $500k–$5.2M; Secondary Market $4.4M–$11M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Udemy — Udemy's mission is to create new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world. The Udemy marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools learners, instructors, and enterprises need to achievetheir goals and reach their full potential. Millions of people learn on Udemy from real-world experts in topics ranging from programming and data science to leadership and team building. For companies, Udemy Business offers an employee training and development platform with subscription access to thousands of courses, learning analytics, and the ability to host and distribute their own content.
  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
  • Xway (FRIPPERWAY) — Сервис для продажи товаров на крупных маркетплейсах
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Ash Crypto
Angel · 1 investments in Portugal Gaming startups

Ash Crypto is a crypto trader.

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Investment focus

  • Industry: Gaming, Web Apps, Blockchain
  • Stage:Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • XSwap — XSwap is a cross-chain swaps protocol that provide protocols and end-users with secure, reliable, and simple cross-chain payments, all supported by Chainlink CCIP.
  • GoPlus Security — GoPlus Security is an open, permissionless, user-driven security service platform for all types of blockchain users.
  • Lava Foundation — Lava Foundation is a newly founded non-profit dedicated to the development of the modular blockchain network. It is the entity that sells tokens and decides on the network's roadmap.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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4SV
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

4SV invests in nascent blockchain companies and advances the growth of their transformative technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Online Games
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Panama, Estonia

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • GAM3S.GG — The future of gaming offering game discovery, reviews, guides, news & quests for a full experience across Steam, PlayStation, Epic Games, Xbox, Nintendo and web3.
  • Flappy Bird — Flappy Bird Foundation is to uphold the Flappy Bird intellectual property and further the Flappy Bird heritage. The Foundation accurately restores our vintage and nostalgic gameplay while adding new features to give back to the worldwide fan base that started the craze.
  • Community Labs — Community Labs is a software development company and venture studio focused on accelerating developer tools, use cases, and adoption of Arweave and AO.
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Polygon
VC Fund · Bengaluru, Karnataka, India · 1 investments in Portugal Gaming startups

Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 112
  • Lead/follow: no public data

Portfolio highlights

  • Guild — Guild is a decentralized platform leveraging AI to augment creation, ownership, distribution and monetization of content and digital goods. AI plays a pivotal role in automating tasks, providing data-driven insights, and offering strategic guidance to creators. Whether it's managing marketing campaigns, optimizing release schedules, oridentifying new opportunities, the AI in Guild serves as an invaluable tool for artists, producers, and songwriters. The platform's blockchain integration ensures that all music assets are securely owned and transparently managed, giving creators full control over their work. By combining the practical benefits of AI—like process automation and data analysis—with the security of blockchain, Guild empowers creators to focus on their craft while effectively managing their careers.
  • Folks Finance — Folks Finance is a DeFi platform to lend, borrow, trade, and manage digital assets all in one place.
  • Symbiotic — Symbiotic is a generalized shared security system enabling decentralized networks to bootstrap powerful, fully sovereign ecosystems.
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Gabby Dizon
Angel · Pasig, Rizal, Philippines · 1 investments in Portugal Gaming startups

Gabby Dizon is the Chairman and co-founder of Alto.io, a Singapore-based game platform that connects games to the blockchain. He helped pioneer the Philippine game industry as part of the team that released the first Filipino-made game in 2003. Gabby is also CEO of game developer Altitude Games and former President of the Game DevelopersAssociation of the Philippines. Gabby helps champion the game development industry in Southeast Asia and is an active member of the Philippine startup community.

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Hong Kong, Australia

Investor stats

  • Total investments: 54
  • Lead/follow: no public data

Portfolio highlights

  • Moku — Worshipping a mischievous Moki with big balls and a small brain. 8887 NFTs, 900+ traits, 3 epic games.
  • Sapien — Sapien offers Data Labelling Services with RLHF to fine-tune your LLMs potential. Improve model performance with better data to improve outcomes. Consult us now!
  • Clout Kitchen — Clout Kitchen is THE Virality Engine for brands and creators, designing data-driven viral campaigns with distribution marketing.
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ROK Capital
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 investments in Portugal Gaming startups

ROK Capital is a multi-strategy hedge fund and accelerator aiming to grow the Korean crypto ecosystem.

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Investment focus

  • Industry: Blockchain, Financial Services, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Japan, Brazil

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Cogni — Cogni is a new digital banking platform that brings you curated brands and experiences while helping manage your spend.
  • GAM3S.GG — The future of gaming offering game discovery, reviews, guides, news & quests for a full experience across Steam, PlayStation, Epic Games, Xbox, Nintendo and web3.
  • Snackclub — Learn more about play to earn games
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MetaBros
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal Gaming startups

At MetaBros, we are more than just a marketing agency; we are your trusted partner in navigating the dynamic world of Web3. We specialize in crafting tailor-made marketing campaigns that not only expand your community but also ensure your message resonates with the right audience.

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Investment focus

  • Industry: Web3, Gaming, Web Apps
  • Stage:Seed
  • Geography: Portugal, United Arab Emirates

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Eesee — Company based in British Virgin Islands.
  • GAM3S.GG — The future of gaming offering game discovery, reviews, guides, news & quests for a full experience across Steam, PlayStation, Epic Games, Xbox, Nintendo and web3.
  • 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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Sérgio Oliveira
Angel · 1 investments in Portugal Gaming 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: no public data

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 Gaming startups

APEX Capital is an equity investment fund.

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Investment focus

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

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Zannan — Zannan specializes in the production of zhan catalysts and HNBR rubber.
  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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TKX Capital
VC Fund · 1 investments in Portugal Gaming startups

TKX Capital is an investment firm.

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Investment focus

  • Industry: Gaming, Blockchain, Online Games
  • Stage:Seed
  • Geography: Mexico, Portugal, Australia

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • OpenEx — OpenEx is a cutting-edge, user-focused exchange that seeks to transform the cryptocurrency market. We offer a platform that is user-friendly for beginners and emphasizes user empowerment and freedom while ensuring honest transactions and individualized services.
  • GAM3S.GG — The future of gaming offering game discovery, reviews, guides, news & quests for a full experience across web3, Steam, and Epic Games.
  • Galactic Holdings — Galactic Holdings offers a series of digital finance products.
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Waterdrip Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Portugal Gaming startups

Waterdrip capital invests in blockchain industries.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Bitcoin
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, United States, Canada

Investor stats

  • Total investments: 80
  • Lead/follow: no public data

Portfolio highlights

  • HolmesAI — HolmesAI is a decentralised AI agent that offers persona customisation, tool integration, and task-specific agent deployment services.
  • Kaia — Kaia is a public blockchain that utilizes Byzantine Fault Tolerance (BFT) for enhanced reliability and performance.
  • aZen Protocol — aZen Protocol is a decentralized infrastructure for ubiquitous computing that utilizes blockchain technology to create a shared economy of computing power. It connects and manages resources globally to form a stable, distributed network that can support various applications such as DePIN, AI and Edge Computing.
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Emurgo ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Gaming startups

EMURGO Ventures is a venture capital initiative of Emurgo that promotes and finances Cardano blockchain startups and middleware development.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, Portugal, New Zealand

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • EthosX — Welcome to EthosX Finance, your gateway to groundbreaking decentralized finance solutions. Explore our platform for cutting-edge technology, strategic partnerships.
  • UniLive — UniLive is a Web3 live broadcast platform that allows users to create short videos and creative content for global social and entertainment interaction.
  • Mythic Protocol — The Central Hub for Mythic Operatives to conduct their operations
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Shio Capital
VC Fund · 1 investments in Portugal Gaming startups

Shio Capital Venture Investments in Businesses that Change the World

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Investment focus

  • Industry: Food and Beverage, Food Processing, Grocery
  • Stage:Seed, Pre-Seed
  • Geography: Germany, Sweden, United Kingdom

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Raus — Raus is a hospitality-tech startup that offers new opportunities to take a break from big city life. Raus serves as a welcome escape from the seemingly endless demands and constant stimuli of modern life with perfectly simple cabins, close enough for a spontaneous getaway, far enough away to completely unwind.
  • Blockbrain — AI-Driven Business Excellence
  • Milano Vice — Milano Vice is building a new virtual food brand by working with professional kitchens to prepare and deliver delicious pizzas to home.
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Sky Mavis
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 1 investments in Portugal Gaming startups

Blockchain: Gamified - Games with real, player-owned economies will become places where we live, work, and play - True digital nations

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Investment focus

  • Industry: Gaming, Web3, Blockchain
  • Stage:Seed, Series A
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Moku — Worshipping a mischievous Moki with big balls and a small brain. 8887 NFTs, 900+ traits, 3 epic games.
  • Puffverse — A dreamland full of Puffs on Web 3, providing comprehensive products in the ecosystem.
  • Pixion Games — Pixion Games is a studio focused on building competitive esports games for mobile device.
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Sandeep Nailwal
Angel · Mumbai, Maharashtra, India · 1 investments in Portugal Gaming startups, 19 in the past 12 months

Sandeep Nailwal is the co-founder and COO of Polygon. Sandeep previously worked at Scopeweaver as the Co-Founder and CEO. He attended the Indian Institute of Management, Mumbai.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Singapore

Investor stats

  • Total investments: 174
  • Lead/follow: no public data

Portfolio highlights

  • Defx — Defx is a non-custodial perps venue. We're built on Arbitrum, and will be coming to Solana very soon.
  • Veda — Veda is the largest vault infrastructure platform in DeFi, enabling institutions to launch and manage onchain financial products at scale.
  • RISE Chain — RISE is a next-generation Ethereum Layer 2 blockchain designed to redefine blockchain performance by delivering near-instant transaction confirmations at unprecedented scale, all while upholding Ethereum’s foundational principle of decentralization
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CaixaBank
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Portugal Gaming startups

Portal web corporativo de CaixaBank. Información corporativa para Accionistas e Inversores, información comercial y sobre responsabilidad corporativa.

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Investment focus

  • Industry: Renewable Energy, Apps, Food Delivery
  • Stage:Debt Financing, Seed, Pre-Seed
  • Geography: Spain, Italy, Ireland

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Fincantieri — Fincantieri is one of the shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry’s sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions,systems and components production and after-sales services.
  • Italcer Group — Italcer Group is a manufacturer of indoor and outdoor ceramic products.
  • El Corte Ingles — El Corte Inglés is a business group with more than 80 years of history, upholding the same values as always. Our steadfast principles of ethical and responsible conduct allow us to evolve towards an omnichannel model more aligned with digitalisation, diversification and sustainability. This has meant a progress in the transformation of El CorteInglés from a retailer to a unique ecosystem. Without ever taking our eyes off the product and service quality, expertise, curated selections, guarantees and innovation we offer with the ultimate goal of making people's lives easier.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

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: Singapore, United Kingdom, United States

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • SuiPad — SuiPad is an IDO&INO platform, with selected projects, flexible whitelist, and fair level as the core positioning.
  • Arcade2earn — Arcade2earn is the GameFi platform that gives its community the opportunity to earn access to the ecosystem.
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Lasse Seppanen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Portugal Gaming startups

Lasse Seppanen is the Game Lead for Everdale at Supercell.

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Investment focus

  • Industry: Gaming, Computer
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming 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, Information Technology, B2B
  • Stage:Series A, Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Soveren — Soveren helps engineering and security teams protect personal data by detecting privacy risks and analyzing real-time data flows within your infrastructure.
  • Ferovinum — We are a technology enabled supply chain financing partner for the wine and spirit industries. Our platform funds wine producers, whisky distillers, bottlers and merchants.
  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 1 investments in Portugal Gaming 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, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Spain, Portugal, Poland

Investor stats

  • Total investments: 79
  • Lead/follow: no public data

Portfolio highlights

  • 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.
  • Rauda AI — Rauda is an artificial intelligence platform specialized in automating customer service with the best customer experience. Take a quantum leap in productivity, reduce costs and improve customer satisfaction with the power of generative artificial intelligence.
  • Aino — Get site analysis in minutes instead of weeks by just asking questions to AI. No coding or GIS skils needed.
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MarketAcross
VC Fund · Ramat Gan, Tel Aviv, Israel · 1 investments in Portugal Gaming startups

We provide a complete end-to-end blockchain PR and marketing solutions. We guarantee results, by using blockchain storytelling to execute success-based full-stack marketing and growth campaigns.

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Investment focus

  • Industry: Gaming, Blockchain, Online Games
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Portugal, United Kingdom

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • VELAR — VELAR is a Multi-Feature DeFi App with Bitcoin Finality.
  • Sleek — ChapterX is a web3 event experience platform that strives to enable event organisers to transform their events into one-of-a-kind experiences. The startup offers attendees the option of engaging them through physical events or customizable virtual worlds in the metaverse, with features such as decentralised autonomous organisation (DAO) governanceor GameFi.
  • GAM3S.GG — The future of gaming offering game discovery, reviews, guides, news & quests for a full experience across Steam, PlayStation, Epic Games, Xbox, Nintendo and web3.
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Aqua Spark
VC Fund · Utrecht, Utrecht, The Netherlands · 1 investments in Portugal Gaming startups

Aqua-Spark is an investment fund with a focus on sustainable aquaculture businesses around the world. The small-to-medium enterprises (SMEs) they invest in are working toward the production of safe, accessible aquatic life, such as fish, shellfish and plants, in ways that do not harm their oceans. Their investors value the fact that each investmentaims to create triple impact—specifically, each investment is chosen for its potential to generate significant financial returns while also activating positive environmental and social outcomes.Aqua-Spark believes that committing to a long-term vision is the way to realize effective and lasting impact results. When it comes to investments, they do not seek quick exits; instead, they look for entrepreneurs who strive to build and scale toward the future, who see their business as major economic opportunities that can also help solve looming environmental and food security challenges over the long-term. As an essential of each investee, Aqua-Spark seeks sustainability.

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Investment focus

  • Industry: Biotechnology, Aquaculture, Seafood
  • Stage:Series A, Seed
  • Geography: United States, Norway, Israel

Investor stats

  • Total investments: 40
  • Lead/follow: no public data

Portfolio highlights

  • Protix — Discover how Protix is revolutionizing the food system by converting organic waste into nutritious insect-based ingredients for a sustainable future.
  • XpertSea — XpertSea is a Canadian technology company that's transforming how the global aquaculture industry farms seafood to help feed the world. Combining smart aquaculture equipment with a farm management platform, our collaborative solution uncovers actionable insights driven by artificial intelligence. These insights enable farmers and industryexperts to optimize feed efficiency, reduce environmental waste, take preventive actions against diseases and use data to bring transparency and knowledge to the entire supply chain. With customers in over 50 countries, we’re using Canadian ingenuity to make aquaculture profitable and sustainable.
  • Proteon Pharmaceuticals — Proteon Pharmaceuticals serves livestock and aquaculture farms that aim for high-quality and sustainable protein production.
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Gaming Investor funding in Portugal at a glance

Stats across 78 deals from 132 investors.

132
investors
in Portugal Gaming startups
78
deals
in Portugal Gaming startups
$1.1M
median round
in Portugal Gaming startups
26%
lead investors
lead at least one round
32%
Seed
most common funding stage
75/25
VC / Angel
share of investor count

Access all 132 investors in Portugal Gaming startups.

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