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Top 50 Gaming Startup Investors in Portugal (November 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
22 Portugal, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
Shilling VC
VC Fund
10 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Lince Capital
VC Fund
9 Portugal, United Kingdom, United States Seed, Venture - Series Unknown, Series A Artificial Intelligence, Hospitality, Information Technology $859k–$31M
Indico Capital Partners
VC Fund
6 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
Olisipo Way
VC Fund
5 Portugal, Germany, Lithuania Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Analytics $118k–$5.3M
APX
VC Fund
4 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $55k–$15M
BlueCrow Capital
VC Fund
4 Portugal, United Kingdom, Spain Seed, Venture - Series Unknown, Series A Information Technology, Manufacturing, SaaS $697k–$18M
LC Ventures
VC Fund
4 Portugal, United Kingdom, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $12k–$12M
PRIMAVERA Business Software Solutions
VC Fund
4 Portugal Seed, Pre-Seed Software, Wellness, Nutrition $124k–$5M
Caixa Capital
VC Fund
3 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Health Care $108k–$12M
Best Horizon
VC Fund
3 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Information Technology, Mobile, E-Commerce $100k–$10M
COREangels Lisbon
VC Fund
3 Portugal, United Kingdom, Finland Pre-Seed, Seed, Angel Artificial Intelligence, Software, Information Technology $83k–$2.7M
Miguel Santo Amaro
Angel
3 Spain, Portugal Pre-Seed, Seed, Angel Communities, Food Delivery, Food and Beverage $155k–$3M
Build Up Labs
VC Fund
3 Portugal, United States Pre-Seed, Seed Gaming, iOS, Apps
WISENEXT
VC Fund
3 Portugal, United States Seed, Pre-Seed, Series A Software, Apps, SaaS $100k–$1.8M
Alex Vassiliev
Angel
3 Portugal, United States Pre-Seed, Seed, Angel Apps, Baby, EdTech $1M–$1.5M
Semapa Next
VC Fund
2 Portugal, United Kingdom, Germany Series A, Seed, Pre-Seed Software, Artificial Intelligence, SaaS $222k–$32M
Dmitry Shklyar
Angel
2 Portugal, United States, Russian Federation Seed, Angel, Pre-Seed Finance, Grocery, Crowdfunding
SharesPro
VC Fund
2 United States, India, Portugal Venture - Series Unknown, Secondary Market, Seed Software, Blockchain, Machine Learning $1M–$20M
TMT Investments
VC Fund
2 United States, United Kingdom, Estonia Seed, Series A, Series B Software, SaaS, Social Media $300k–$35M
COREangels
VC Fund
2 Spain, United States, Portugal Seed, Pre-Seed, Series A Software, Information Technology, Health Care $124k–$17M
Google Assistant Investments
VC Fund
2 United States, India, Canada Seed, Series A Software, Artificial Intelligence, Machine Learning $500k–$11M
MSM
VC Fund
2 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, E-Commerce, B2B $244k–$52M
M4 Ventures
VC Fund
2 Portugal, United Kingdom, United Arab Emirates Seed, Series A, Venture - Series Unknown SaaS, Beauty, FinTech $2.1M–$5.3M
Bright Pixel Capital
VC Fund
2 United States, Portugal, Israel Series A, Series B, Seed Software, Information Technology, SaaS $1.2M–$35M
Leonid Dovladbegyan
Angel
2 Portugal Seed, Pre-Seed Grocery, Food Delivery, Delivery Service
Shio Capital
VC Fund
2 Germany, Portugal, Sweden Seed, Pre-Seed, Venture - Series Unknown Food and Beverage, Food Processing, Apps $591k–$5.9M
Diogo Teles
Angel
2 Portugal, United Kingdom Seed, Angel, Pre-Seed Communities, Health Care, Food Delivery
Ganexa Capital
VC Fund
2 Portugal, United States, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Fitness, Software, Wellness $532k–$2.9M
Savvy Capital Partners
VC Fund
2 Portugal, Spain, United Kingdom Seed, Pre-Seed Apps, E-Commerce, Marketplace $120k–$2.2M
Andrey Tsytsenko
Angel
2 Portugal, United States, Russian Federation Seed, Angel, Pre-Seed Grocery, Software, Food Delivery $1.3M–$1.9M
Morningstar Ventures
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$25M
REDangels
VC Fund
2 Portugal, United States, Poland Seed, Pre-Seed, Angel Information Technology, Mobile, Machine Learning $11k–$1.6M
Iberis Capital
VC Fund
2 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $107k–$23M
Seedcamp
VC Fund
2 United Kingdom, United States, France Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $469k–$30M
BreakawayGrowth Fund
VC Fund
2 United States, Canada, Portugal Seed, Series B, Series E Software, Computer, Internet $100k–$15M
João Cepeda
Angel
2 Portugal Angel, Pre-Seed Food Delivery, Communities, Food and Beverage
Pacific Capital Partners
VC Fund
2 Portugal, Spain Seed, Private Equity Sales, Water, Grocery
Mechanism Capital
VC Fund
1 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, Gaming
Amazon Alexa Fund
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Consumer Electronics $120k–$46M
Sebastien Borget
Angel
1 United States, France, Estonia Seed, Series A, Pre-Seed Blockchain, Gaming, Cryptocurrency $250k–$60M
SkyVision Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Gaming, Cryptocurrency
Venly Ventures
VC Fund
1 Portugal Seed Gaming, Web Apps, Online Games
Filipe de Botton
Angel
1 Portugal Pre-Seed Food Delivery
Oracles Investment Group
VC Fund
1 Singapore, United Kingdom, United Arab Emirates Seed, Series A Blockchain, Cryptocurrency, Gaming
Andy Chung
Angel
1 United Kingdom, France, Denmark Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $614k–$3.7M
Alexandre Relvas
Angel
1 Portugal Pre-Seed Food Delivery
Flyer One Ventures
VC Fund
1 United States, Cyprus, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $250k–$15M
Insta Ventures
VC Fund
1 United States, Estonia, France Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $550k–$5M
Giulio Xiloyannis
Angel
1 Italy, Portugal, Philippines Seed, Angel, Pre-Seed Online Games, Gaming, Apps
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 22 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 Parks Mobile, Robotics Founded in 2012, Portugal Ventures is a venture capital firm based in Porto, Portugal. The firm is a part of the Banco Português de Fomento group. The firm seeks to invest in pre-seed, seed and series A stages

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 409
  • Round size: Seed $121k–$1.9M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Fetalix — Fetal-inspired solutions for tissue regeneration
  • Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
  • Outgoing — A ticketing tool that allows organizers to sell tickets directly on WhatsApp and Instagram. Users can purchase tickets through a personalized checkout process entirely within the chat, without registration or redirects. It also offers customer support that answers questions in real time.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 10 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, direct access to successful founders and executives of leading companies. This platform supports entrepreneurs in validating and developing their ventures, which then accelerate their growth into global markets.

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Investment focus

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

Investor stats

  • Total investments: 122
  • Round size: Seed $274k–$5M; Pre-Seed $125k–$3M; Series A $5M–$20M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — raised $49M in 2024

Portfolio highlights

  • Tucuvi — Tucuvi is a health technology company unlocking efficient and high-quality healthcare at scale with a CE-marked platform for Phone Consultation Automation. We develop safe and clinically validated Conversational AI for any care pathway, enabling clinical teams to augment their capacities, improve processes’ efficiency and efficacy, and achievebetter patient outcomes and satisfaction through continuous and personalized care.
  • Balance — Balance is a private digital health company based in Spain that operates in the clinics and outpatient healthcare services sector. company's core mission is to provide an integrated, medical, and sustainable approach to treating obesity and overweight conditions. Moving away from traditional restrictive diets, the company leverages asubscription-based telehealth model combined with clinical pharmacology.
  • Punto Health — Help healthcare and care teams deliver personalised daily support, with cognitive insights and professional monitoring to inform ongoing care.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 9 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 excellent support, 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: Artificial Intelligence, Hospitality, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 58
  • Round size: Seed $859k–$6.8M; Series A $2.1M–$16M; Venture - Series Unknown $1.3M–$31M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $22M in 2024

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.
  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
  • Beyond Vision — Beyond Vision is a UAV manufacturer based in Lisbon, Portugal, specializing in advanced aircraft with multiple parallel communication systems and AI integration. The company has developed beXStream, a cloud asset management platform that incorporates AI and conventional automation, streamlining various solutions and enabling new applications. Beyond Vision combines strong commercial performance with a robust R&D background, ensuring state-of-the-art specifications for its products and active participation in multiple EU projects. The company aims to drive innovation in UAV technology and maintain its leadership in the field.
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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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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 5 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, Information Technology, Analytics
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Portugal, Germany, Lithuania

Investor stats

  • Total investments: 44
  • Round size: Seed $250k–$5.3M; Pre-Seed $118k–$1.5M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • DoJob.ai — Hybrid Intelligence Innovation Project
  • OSCAR — OSCAR offers a variety of fixed-price home services, including maintenance, cleaning, laundry, and beauty services, all accessible through a user-friendly app. Customers can easily schedule appointments for these services, with options available for immediate bookings. Additionally, OSCAR provides repair services for household appliances likewashing machines and boilers, ensuring convenience for users. The platform streamlines the process of finding and scheduling necessary home services, catering to the needs of busy individuals and families. Through its comprehensive service offerings, OSCAR simplifies home management for its users.
  • Fluxe Insurance Software — Fluxe develops a wide range of digital tools, cyber security, blockchain, and AI software for the insurance industry.
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APX
VC Fund · Berlin, Berlin, Germany · 4 investments in Portugal Gaming startups

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

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Investment focus

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

Investor stats

  • Total investments: 211
  • Round size: Seed $1M–$5M; Pre-Seed $55k–$1.4M; Series A $2.1M–$15M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $67M in 2021

Portfolio highlights

  • VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
  • Bloom — Bloom is the everything app to make onchain finance social. Copy trades and bets, build performance-based reputation, earn from your influence, and manage everything through a smart wallet.
  • Track Titan — Titan Academy revolutionises how gamers improve through fully automated coaching.
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BlueCrow Capital
VC Fund · Lisboa, Lisboa, Portugal · 4 investments in Portugal Gaming startups

BlueCrow Capital is a venture capital firm.

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Investment focus

  • Industry: Information Technology, Manufacturing, SaaS
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, United Kingdom, Spain

Investor stats

  • Total investments: 32
  • Round size: Seed $697k–$10M; Series A $6.5M–$16M; Venture - Series Unknown $3M–$18M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Bighub — The All-in-One Platform for european marketplace growth. Integration, Catalog SEO, Pricing, Financing, Logistics, Helpdesk, and Resale.
  • Flowbotic — development and manufacturing of AGVs and AMRs
  • 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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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 4 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. The first 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, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $278k–$4.9M; Pre-Seed $12k–$417k; Series A $5.4M–$12M
  • Lead/follow: 23% lead, 77% 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.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Primetag — Creator & Social intelligence platform for brands and agencies. Ask about creators, competitors and campaigns on Instagram, TikTok and YouTube. Answers in seconds.
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PRIMAVERA Business Software Solutions
VC Fund · Braga, Braga, Portugal · 4 investments in Portugal Gaming startups

PRIMAVERA is a technology company specialized in the development of business management solutions aimed at simplifying life in organizations, increasing value creation. We believe in technology as one of the main driving forces behind business management. We exist so that organizations like yours can have simpler management processes and createmore value. PRIMAVERA is the result of the strength of our conviction. In 1993, with a disruptive idea and tremendous determination, the first company to develop management solutions for Windows was born in Portugal.A disruptive start that we have maintained to the present day, providing a vast portfolio of management solutions for companies of all sizes, operating in every sector of activity.With a determination that never wavers and a confidence renewed every day by more than 40,000 customers spread across nearly 20 countries, we will continue to push back the limits in our search for innovative management solutions that simplify business management.

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Investment focus

  • Industry: Software, Wellness, Nutrition
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $2.1M–$5M; Pre-Seed $124k–$678k
  • Lead/follow: 25% lead, 75% 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.
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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 funds and 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, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 93
  • Round size: Seed $120k–$2.5M; Pre-Seed $108k–$1.7M; Series A $3M–$12M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Growappy — Growappy is an EdTech that offers an all-in-one platform for early education that is leading a vision to unlock personalized education since nursery with the power of AI, while providing a revolutionary communication experience between schools and families and drastically simplifying bureaucracy for teachers and school owners.
  • Intuitivo — Intuitivo handles the repetitive part. Teachers focus on what matters: teaching.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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Access 48,091 investors

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

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Best Horizon
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Gaming startups

Best Horizon is a venture capital platform that provides financing, mentoring, and access to their contact and partner network. They have invested in ICT startups for more than a decade. They also have a portfolio of half a hundred companies in Portugal, Spain, USA, Brazil, and the Netherlands.

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Investment focus

  • Industry: Information Technology, Mobile, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $110k–$1.6M; Pre-Seed $100k–$766k; Series A $5M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • redcatpig — Award-winning Game Development Studio from Azores, Portugal. Currently working on KEO, a post-apocalyptic/sci-fi vehicle combat game.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • 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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COREangels Lisbon
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Gaming startups

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Portugal, United Kingdom, Finland

Investor stats

  • Total investments: 15
  • Round size: Seed $1.2M–$2.7M; Pre-Seed $83k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tilect — The AI pricing platform that joins forecasting, pricing & promotion optimization, and competitive intelligence in one decision layer. 94.6% forecast accuracy, 10K+ competitor signals daily, productive in week one.
  • GOVA — GOVA is a food-biotech startup that uses creativity and delicious flavor to create the healthiest sugar on the planet.
  • Intuitivo — Intuitivo handles the repetitive part. Teachers focus on what matters: teaching.
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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
  • Round size: Pre-Seed $155k–$3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • EatTasty — Eattasty combina hechos y perspectiva para una cobertura completa y comprensible.
  • 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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Build Up Labs
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Gaming startups

Build Up Labs helps founders build and grow their businesses.

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Investment focus

  • Industry: Gaming, iOS, Apps
  • Stage:Pre-Seed, Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 5
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • FMK — FMK gamifies the process of dating. Modeled after the famous hypothetical question game 'who would you rather F*ck, Marry & Kill'
  • AskCory.ai — Turn a client brief into an editable marketing strategy deck. Generate a focused sample for your agency, then review and refine it with your team.
  • Kiss my Score — The best football app to bet with friends. Set up a league, make predictions and track your score live. Forget about the office pool excel file. Play now for free!
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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Gaming startups

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

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $532k–$1.8M; Pre-Seed $100k–$1.1M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
  • Mediaprobe — Not all impressions are created equal. Understand the emotional impact of your content. Learn about Mediaprobe - Next-gen media measurement.
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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–$1.5M
  • 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.ai teaches over a million children worldwide to speak English with our voice-based virtual tutor. With proprietary speech and virtual human technologies, the company is solving conversational AI for language learning. Buddy provides a month of learning for the cost of one live tutoring session. That means 500 million children worldwide willsoon have access to affordable 1:1 English speaking practice. Buddy works for native Spanish, Portuguese, Russian, Turkish, and Polish speakers, with more languages coming soon. The company raised $3M of venture capital, generated over $4.5M in sales, and is entering the scaling stage. Our mobile holds the Top 10 positions on the App Store’s Kids and Education charts in several major countries throughout Latin America and Europe.Buddy.ai holds multiple international awards and nominations, including GESA (Global Edtech Startup Awards) in London, EnlightEd in Madrid, and Voice Summit Awards in New York, among others. Headquartered in Mountain View, California we are a growing international team combining expertise in voice and virtual human technologies, education, and game design.
  • 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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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 2 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: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Portugal, United Kingdom, Germany

Investor stats

  • Total investments: 26
  • Round size: Seed $222k–$6.5M; Series A $6.5M–$32M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Sybilion — The decision layer for industrial companies. Sybilion connects external world dynamics to the decisions that shape your margin, working alongside the systems...
  • Gigaton — Carbon Re is a climate tech company using cutting-edge AI solutions to decarbonize cement and steel. Get in touch with us today!
  • Jupus — As the first legal AI secretary in Europe, JUPUS automates the entire process from initial client contact to the complete file. Lawyers are supported by an AI chatbot, an online appointment booking tool, and an AI platform that automatically collects and processes inquiries, information, and documents, facilitating automated communication withclients.
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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, United States, 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. The businesses get a source of fast, easy, and transparent financing, allowing them to quickly increase their workforce and purchase goods and equipment. It enables individuals to lend directly to small businesses rather than through banks.
  • Geeek club — Learn without realizing. Unique DIY bots and models. Made of PCB.
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SharesPro
VC Fund · Moscow, Moscow City, Russian Federation · 2 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: Software, Blockchain, Machine Learning
  • Stage:Venture - Series Unknown, Secondary Market, Seed
  • Geography: United States, India, Portugal

Investor stats

  • Total investments: 17
  • Round size: Secondary Market $1.3M–$15M; Venture - Series Unknown $1M–$20M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Chainalysis — Chainalysis helps government agencies, cryptocurrency businesses, and financial institutions engage confidently with cryptocurrency.
  • 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.
  • Animoca Brands — Animoca Brands is a metaverse and gaming venture capital firm that focuses on driving digital property rights to gamers and internet users through NFTs. It utilizes gamification and blockchain to develop and market a portfolio of mobile applications, games, and additional products oriented to educational learning to ensure transparency, security, and new business models.
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 2 investments in Portugal Gaming startups

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

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Investment focus

  • Industry: Software, SaaS, Social Media
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 117
  • Round size: Seed $300k–$5M; Series A $1.5M–$11M; Series B $1.7M–$35M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Backblaze — Backblaze is a pioneer in robust, scalable low cost cloud backup and storage services. Personal online backup to enterprise scale data storage solutions.
  • Rhino — First-class armored rides
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
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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, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, United States, Portugal

Investor stats

  • Total investments: 77
  • Round size: Seed $278k–$5.2M; Pre-Seed $124k–$2.2M; Series A $6.1M–$17M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pawer — Pawer is a digital platform that provides health and wellness services for pets, specifically designed for dogs and cats. The platform offers a range of services through its mobile application, including remote veterinary consultations, reimbursement for veterinary expenses, and discounts on pet products. It focuses on delivering accessible andcomprehensive pet care solutions, offering coverage for emergencies, regular check-ups, vaccinations, and preventive services.
  • 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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Google Assistant Investments
VC Fund · Mountain View, California, United States · 2 investments in Portugal Gaming startups

They are looking to invest and work closely with early-stage companies that are moving the voice and assistance ecosystem forward. If your company is developing technologies that broaden the Assistant’s set of features, building new hardware devices for digital assistants, or focusing on a particular industry such as travel, games, or hospitality,we'd like to hear from you.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 34
  • Round size: Seed $500k–$3M; Series A $1M–$11M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Satisfi Labs — Satisfi Labs provide digital workforces in industries, AI assistants are an essential staffing solution to help brands meet their growing customer needs.
  • Slang Labs — Slang Labs provides in-app Voice Assistants. These accurate and multilingual voice assistants can be used out of the box for Android and Web Apps. Add Voice capabilities to your app with just a few lines of code.
  • Wysa — Use Wysa to vent or just talk through negative thoughts and emotions. Let it help you cope with pandemic anxiety and lockdowns. It is anonymous, safe and free.
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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, E-Commerce, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Portugal, Germany

Investor stats

  • Total investments: 57
  • Round size: Seed $1.3M–$4.8M; Pre-Seed $244k–$3M; Series A $4.1M–$52M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Pollen — Electric mobility for lightweight vehicles is about to get simpler, more affordable and more reliable.
  • Win-Win — We're WNWN Food Labs and we love food. We're creating delicious, sustainable and ethical alternatives to unsustainable and ethically dubious foods. We're starting with cacao-free chocolate. Changing chocolate? It's Win-Win #alt-chocolate #altchocolate #alt-universe #altuniverse #alt-protein
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M4 Ventures
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Gaming startups

M4 Ventures helps startups to grow and expand globally through experience and hands-on collaboration.

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Investment focus

  • Industry: SaaS, Beauty, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Portugal, United Kingdom, United Arab Emirates

Investor stats

  • Total investments: 9
  • Round size: Seed $2.1M–$5.3M
  • Lead/follow: 11% lead, 89% 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.
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Bright Pixel Capital
VC Fund · Maia, Porto, Portugal · 2 investments in Portugal Gaming startups

Bright Pixel Capital 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 Capital acts as a partner that brings specialized 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: 131
  • Round size: Seed $1.2M–$7.3M; Series A $5.4M–$20M; Series B $5.9M–$35M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Chamelio — Chamelio builds intelligent technology for in-house legal teams. We understand that every in-house legal team operates uniquely - shaped by their industry context, company culture, and strategic priorities. Our platform adapts to these distinct characteristics, delivering hyper-personalized workflows that evolve with your team's specific needs.
  • 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 · Moscow, Moscow City, Russian Federation · 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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Shio Capital
VC Fund · 2 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, Apps
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Germany, Portugal, Sweden

Investor stats

  • Total investments: 21
  • Round size: Seed $1.7M–$5.9M; Pre-Seed $591k–$2.8M
  • Lead/follow: 0% lead, 100% follow

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
  • Project Eaden — PROJECT EADEN combines pioneering technology and engineering expertise with an immense love for food and lust for life. For full indulgence. With zero guilt.
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Diogo Teles
Angel · 2 investments in Portugal Gaming startups

VP Product and Marketing @ Avant Arte

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Investment focus

  • Industry: Communities, Health Care, Food Delivery
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • EatTasty — Eattasty combina hechos y perspectiva para una cobertura completa y comprensible.
  • PetsApp — Chat, bookings, payments, reminders and plans for veterinary practices, with CoPilot and Scribe built in. Client communication that works alongside your PIMS.
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Ganexa Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

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

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Investment focus

  • Industry: Fitness, Software, Wellness
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Seed $532k–$2.9M
  • Lead/follow: 18% lead, 82% 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!
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Savvy Capital Partners
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Savvy Capital Partners is a business angel investment group.

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Investment focus

  • Industry: Apps, E-Commerce, Marketplace
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, Spain, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $120k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SCIVEN — We develop innovative, integrated sustainable tech solutions in energy efficiency destined for intensive energy users.
  • Lyzer — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • Networkme — Connect with your future
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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, United States, 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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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Portugal Gaming startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • OP_NET — OPNET is a Bitcoin Layer 1 metaprotocol that enables smart contracts to function directly on the Bitcoin blockchain, without the use of sidechains or Layer 2 solutions.
  • Watch.fun — Watch.fun is a platform that offers ticket-based entries for luxury watch giveaways.
  • Space — Space is a leveraged prediction market platform built on Solana, designed to reward users for accurate insights while enabling efficient capital flow through competitive forecasting, combining high-performance blockchain infrastructure with advanced market mechanisms to create a transparent, scalable, and engaging environment for decentralizedprediction and informed decision-making.
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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: Information Technology, Mobile, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, United States, Poland

Investor stats

  • Total investments: 28
  • Round size: Seed $110k–$1.6M; Angel $53k–$199k; Pre-Seed $11k–$57k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Wall-i — Wall-i is a programmatic outdoor advertising network, that displays ads on screens for segmented audiences, by age, gender, location, and market. Wall-i aims to be the Google Ads of the outdoor advertising. By combining plug-and-play screen incorporation and audience recognition technology (age, gender and mood), with a CPV /CPM businessmodel, it enables real-estate owners to monetize LCD screens and tablets with ads.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • UpLink — Tellent Recruitee helps you hire faster, work better together, and win top talent without the bottleneck; powered by AI-driven features.
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Iberis is a leading venture capital fund manager in Portugal, overseeing more than 600M EUR and investing in innovative technology startups.

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1.2M–$4.6M; Pre-Seed $107k–$4.4M; Series A $5.3M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Kevel — Build your own ad server in weeks with Kevel. With our ad server APIs you can build custom ad platforms for sponsored listings, native ads, and more, enabling you to drive more revenue and take back the Internet.
  • Reckon.ai — Whether you're building an unattended store or supplying the equipment behind it, Reckon's patented AI technology transforms existing infrastructure into smart, autonomous assets.
  • Jscrambler — Jscrambler is the leading client-side security solution for JavaScript in-app protection and real-time webpage monitoring. Start your free trial today!
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Seedcamp
VC Fund · London, England, United Kingdom · 2 investments in Portugal Gaming startups, 41 in the past 12 months

By Your Side from Day One

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Investment focus

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

Investor stats

  • Total investments: 668
  • Round size: Seed $469k–$8M; Pre-Seed $588k–$3.5M; Series A $5M–$30M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely actively investing — fresh fund, raised $220M in 2026

Portfolio highlights

  • i23 — i23 is an insurtech startup that builds an artificial intelligence platform to automate administrative workflows for commercial insurance brokers.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Vessla — Vessla is the agentic OS for property operations, where agents and people run work together across the portfolio.
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BreakawayGrowth Fund
VC Fund · San Francisco, California, United States · 2 investments in Portugal Gaming startups

UPDATE: Chris Albinson is taking on a new role as CEO at Communitech on May 16th, 2021 - read more about his decision here. Chris and the team at BreakawayG ...

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Investment focus

  • Industry: Software, Computer, Internet
  • Stage:Seed, Series B, Series E
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 14
  • Round size: Seed $100k–$3.7M; Series B $6M–$15M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Gentreo — Expand employee benefits with affordable estate planning that includes wills and trusts. Gentreo makes it easy to save time, reduce stress and protect legacies.
  • Senso.ai — Senso helps enterprises increase the bandwidth of information flow within their organizations. We’re a fast-growing startup offering a SaaS product designed for enterprises across financial services, healthcare, insurance, and other industries. The Senso platform offers enterprise-ready foundation models (LLMs) and a flexible way to aggregateinstitutional knowledge to enable frictionless search capabilities across documents, and real-time intelligence about customer interactions.
  • 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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João Cepeda
Angel · 2 investments in Portugal Gaming startups

João Cepeda

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kitch — Centralize all your delivery apps or create your own delivery channel for your restaurant with Kitch. Join for free!
  • EatTasty — Eattasty combina hechos y perspectiva para una cobertura completa y comprensible.
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Pacific Capital Partners
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Pacific Capital Partners is a private investment family office operating in the EU in coordination with the established enterprises of our United States affiliate Prim Ventures, Inc.

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Investment focus

  • Industry: Sales, Water, Grocery
  • Stage:Seed, Private Equity
  • Geography: Portugal, Spain

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • REFIX — REFIX manufactures and supplies bottled alkaline seawater.
  • 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.
  • FMR Brands — FMR Brands is a beverage development brand company that creates lifestyle brands through drinks.
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Mechanism Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Portugal Gaming startups

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

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Investment focus

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

Investor stats

  • Total investments: 124
  • Lead/follow: no public data

Portfolio highlights

  • Runes DEX — Swap Runes for BTC seamlessly, enjoy low fees, fast transactions, and earn yield as a liquidity provider.
  • Nyan Heroes — Nyan Heroes is an immersive NFT based shooter of futuristic revolutions, cats in robots, evil corporations.
  • Hexagon Wireless — Hexagon Wireless is a provider of decentralized wireless technology.
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Amazon Alexa Fund
VC Fund · Seattle, Washington, United States · 1 investments in Portugal Gaming startups

The Amazon Alexa Fund is Amazon’s venture capital fund investing in artificial intelligence, frontier tech, voice, robotics, and digital health across consumer and enterprise. We invest in early- to growth-stage companies globally. To learn more, visit us at alexafund.com.

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Investment focus

  • Industry: Software, Artificial Intelligence, Consumer Electronics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 170
  • Round size: Seed $120k–$5.6M; Series A $5.3M–$46M; Venture - Series Unknown $250k–$28M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • Hearvana — Hearvana is a IT consulting company.
  • Wabi — Wabi is the AI assistant you use together. Plan the trip, book the stay, and turn the joke into a game, all in one place.
  • Fable Studio — Fable is building next-generation AI authoring tools to create interactive characters who can live, learn and make decisions with us.
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Sebastien Borget
Angel · San Francisco, California, United States · 1 investments in Portugal Gaming startups

Sebastien Borget is based out of Paris, Île-de-France and serves as the Global Ambassador of The Sandbox. Sebastien attended The Chinese University of Hong Kong.

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Investment focus

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

Investor stats

  • Total investments: 87
  • Round size: Seed $1.1M–$9M; Pre-Seed $250k–$7M; Series A $5M–$60M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Rocapine — We craft apps that help people feel truly alive
  • VOYA Games — Voya Games is a Berlin-based game development studio. The company focuses on creating a network of interconnected Web3 games centered around player ownership and tokenized economies. Their flagship title, Craft World, is a casual resource management game set in a post-apocalyptic world where players collaborate with friendly dinosaurs to rebuildcivilization. Craft World integrates blockchain features such as NFTs and a utility token called Dyno Coin, enabling players to own, trade, and participate in a decentralized game economy.
  • Pacific Meta — Pacific Meta is a tech startup that creates a web3 platform with the goal of offering guidance to businesses using blockchain technology. The firm platform aids in the product's localization for the Japanese market and offers community management services, enabling businesses to promote themselves on social media platforms and work withinfluencers in the cryptocurrency space.
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SkyVision Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Portugal Gaming startups

SkyVision Capital (SVC) promotes new, open decentralized technology and its development. We are a Crypto Fund that is dedicated to incubating and investing in founders of tomorrow, today.

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Investment focus

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

Investor stats

  • Total investments: 88
  • Lead/follow: no public data

Portfolio highlights

  • Demether — Demether is a DeFi protocol that works to enable zero-cost access to TVL for blockchains.
  • Amnis Finance — Stake APT on the best liquid staking protocol on Aptos to receive daily rewards with an attractive APR of 9%.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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Venly Ventures
VC Fund · Belgium, Wisconsin, United States · 1 investments in Portugal Gaming startups

Build & scale your project with our most comprehensive set of web3 tools. We provide wallet solutions, market solutions, NFT tools, and Shopify.

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Investment focus

  • Industry: Gaming, Web Apps, Online Games
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • 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.
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Filipe de Botton
Angel · Lisboa, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Filipe de Botton

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Investment focus

  • Industry: Food Delivery
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
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Oracles Investment Group
VC Fund · Berlin, Berlin, Germany · 1 investments in Portugal Gaming startups

Oracles Investment Group provides one of a kind platform for Crypto Project teams to raise capital, grow supporters, and Crypto Investors to take part in promising projects.

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Investment focus

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

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • Ordzaar — Ordzaar is the operator of a decentralized Bitcoin marketplace where crypto traders can buy, sell, and exchange ordinals.
  • 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.
  • BLIFE Protocol — BLIFE Protocol's objective is to promote growth and development of Web3 on Bitcoin.
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Andy Chung
Angel · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Andy Chung is the Partner and Founder of Tiny Supercomputer Investment Company. He previously worked at AngelList as a Partner. Andy Chung attended University of Cambridge.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United Kingdom, France, Denmark

Investor stats

  • Total investments: 19
  • Round size: Seed $1.1M–$3.7M; Pre-Seed $614k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Purple Dot — Sell More by Selling Earlier
  • Unlock — End-to-end platform for corporate events, intuitively designed for non-event planners
  • Cosmos Video — Cosmos Video is the virtual venue platform that allows people to work, hang out, and socialize together.
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Alexandre Relvas
Angel · Lisboa, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Alexandre Relvas

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Investment focus

  • Industry: Food Delivery
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
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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, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Cyprus, United Kingdom

Investor stats

  • Total investments: 100
  • Round size: Seed $580k–$7.4M; Pre-Seed $250k–$2M; Series A $1M–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • GRAI — GRAI is an AI music research company building interactive music products
  • Tower.dev — Data flow orchestrator for pipelines and agents with optional data management in Iceberg-based lakehouses
  • Superapp — Build iOS, Mac and Apple Watch swift native apps and games with AI. One click to App Store & ASO. Join Superapp Discord https://t.co/klNe8391Vw
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Insta Ventures
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Portugal Gaming startups

Insta Ventures is a venture capital firm that has been investing in different IT technology sectors since 2019. Currently, we are looking for tech startups that are in the early stages of development of their products. Our investment team consists of experienced professionals with solid backgrounds in the IT sphere. Our goal is to help ambitiousteams create innovative products, spread them globally, and maintain fast-growing companies.Typically, we invest $100K-500K during a growing stage of a company's lifecycle (seed / late seed / pre-round A), and then help to develop its marketing and sales, as well as prepare the company for the next investment phase.We appreciate co-investments. Let's invest together!

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Estonia, France

Investor stats

  • Total investments: 21
  • Round size: Seed $550k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nim — Generate videos with state-of-the-art models, templates, and inspiration feed. Text-to-image, image-to-video, restyle, lip sync, upscale, and more
  • RedTrack.io — RedTrack.io offers real-time access to your media buying KPIs/data: ad tracking, impressions, clicks, conversions across multiple channels & 30 data points.
  • HuLoop Automation, Inc. — HuLoop Automation offers an AI-powered, no-code, unified automation platform that helps clients drive transformation, and achieve revenue growth, cost savings, and productivity gains by automating mundane, repetitive activities.
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Giulio Xiloyannis
Angel · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Portugal Gaming startups

Giulio Xiloyannis is the Chief Commercial Officer of ZALORA, the largest online fashion retailer in SEA. Prior to ZALORA, he worked across a number of Rocket Internet Founded Venture in Italy, J.P Morgan and Rabobank. Giulio is an investor and Founding Investor for Omnilytics and an adviser for Musa, Taskomat and Edgar (Italy based ventures).Giulio as a pro-bono advisor for Florence based incubator Nana Bianca and Singapore based Antler as well as having collaborated with the Malaysian state sponsored incubator Magic.

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Investment focus

  • Industry: Online Games, Gaming, Apps
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Italy, Portugal, Philippines

Investor stats

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

Portfolio highlights

  • Tuduu — Tuduu.it: Revolutionizing the Internationalization of Italian Food E-commerceTuduu.it is an innovative internationalization-as-a-service platform designed to empower small and medium-sized Italian food producers to overcome the digital and linguistic barriers that limit their global reach. By providing a scalable AI-powered ecosystem, Tuduuenables these producers to seamlessly translate, enrich, and showcase their product catalogs and recipes in over 17 languages, unlocking new export opportunities across Europe and beyond.The Challenge The Italian agri-food sector is a global leader, generating over €523 billion in turnover and employing 3.6 million people. However, only 15% of this turnover currently derives from exports, and just 20% of Italian food companies have an e-commerce presence — often limited to Italian language only. This poor digitalization and language gap create significant competitive disadvantages for many small and medium producers eager to reach international customers.Tuduu’s Solution Tuduu.it addresses these challenges through a comprehensive, AI-driven digital platform designed as an internationalization-as-a-service (IaaS) model for Made in Italy food e-commerce. The key pillars of Tuduu’s solution include:AI-powered catalog and recipe translation: Automatic, scalable translation of product catalogs, recipes, and user-generated content (UGC) videos into 17 languages, including automated dubbing of video content, enabling producers to speak directly to diverse international markets.Personalized user experience: Dynamic nutrition filters allow users to explore products and recipes tailored to their dietary profiles (e.g., vegan, gluten-free, allergies), with AI algorithms that automatically determine macro- and micronutrients, and assess nutritional compatibility with specific dietary restrictions.Seamless marketplace integration: Producers set up or maintain their own e-commerce sites and access Tuduu’s ecosystem by installing a simple plugin or API feed. This approach preserves producers’ autonomy while enabling them to benefit from Tuduu’s unique international visibility and user engagement.Recipe-driven commerce: Tuduu innovates by combining product discovery with rich recipe content, allowing consumers to explore authentic Italian culinary experiences and directly purchase ingredients through integrated shopping lists and seamless checkout flows.SEO and marketing optimization: Tuduu acts as a multilingual media showcase optimized for both Google search and YouTube video discovery, leveraging AI-generated content and influencer marketing networks to boost brand awareness and export sales.Market Opportunity 54,000+ Italian food companies generate approximately €67 billion in export value annually.The total addressable market (TAM) of the Italian agri-food sector is €523 billion, with the serviceable available market (SAM) focused on the digitally mature segment estimated at €12 billion.Tuduu’s projected serviceable obtainable market (SOM) aims to capture €11.4 million in transactions within five years, with a target of more than 800 retailers and 90 million euros in transaction volume.Business Model Tuduu operates primarily on a performance-based affiliation fee of 10% on sales, coupled with a SaaS subscription starting at €99/month for access to advanced platform features. Custom projects and media services (including influencer campaigns) are offered to support brand promotion and growth.The Tuduu Ecosystem and Team The platform is built on three key scalable AI models:Product Model: Analyzes and translates product data with nutritional profiling and cross-contamination detection.Recipe Model: Automates recipe nutrient calculation and compatibility with specific dietary needs.Nutrition Model: Generates personalized nutrition plans and profiles.The Tuduu team combines expertise in food tech, software development, UX design, marketing, and business development, driven by a shared mission to support Italian food producers’ digital transformation and international expansion.Sustainability and Impact Tuduu embraces sustainability not only as a goal but as a driver of growth. By promoting healthier eating habits through nutritionist-guided recipes and improving access to authentic local products, Tuduu aligns with several United Nations Sustainable Development Goals (SDGs). The platform also supports small producers by facilitating their entry into global markets via digital channels, thereby enhancing social and economic sustainability in local communities.Side Project: Tuduu Nutrition Expanding the core technology, Tuduu has developed a complementary SaaS platform for nutritionists called Tuduu Nutrition. This platform enables rapid creation, analysis, and digitization of personalized nutrition plans, integrated into a mobile app for patient compliance and monitoring.Key features of Tuduu Nutrition include:Generation of tailored nutrition profiles and plans based on validated dietary guidelines.Weekly meal planning with integrated recipes from Tuduu’s extensive database.Shared and collaborative shopping lists that automatically sync with partner retailers for easy purchasing.SaaS pricing based on a monthly subscription (€29/month) plus a fee per managed patient (€2.5/month).Tuduu Nutrition leverages the same AI technology and data models as Tuduu.it, creating synergy between food e-commerce and health-oriented nutrition planning.Financial Outlook and Fundraising Tuduu is currently in a growth and fundraising phase, targeting €1,000,000 in capital with investment tickets starting from €5,000. The company projects rapid scaling with increasing revenues from marketplace transactions, media services, and SaaS subscriptions, aiming for over €11 million in revenues by 2029 and expanding its brand network substantially.Summary Tuduu.it is poised to transform the Italian food export landscape by bridging the gap between small producers and international consumers through advanced AI-driven digital tools, an engaging marketplace experience, and a strong commitment to sustainability and nutrition. Alongside its sister platform Tuduu Nutrition, it creates a comprehensive ecosystem that connects producers, consumers, and health professionals in a unique, scalable way.
  • 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.
  • Blade of God X — Blade of God X provides cross-platform play as an optimum medium and way of interaction between people and the virtual world.
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Gaming Investor funding in Portugal at a glance

Stats across 169 deals from 204 investors.

204
investors
in Portugal Gaming startups
169
deals
in Portugal Gaming startups
$678k
median round
in Portugal Gaming startups
25%
lead investors
lead at least one round
33%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

Access all 204 investors in Portugal Gaming startups.

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