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Top 50 Gaming VC Funds & Investors in Portugal (July 2026)

The most active venture capital funds 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
9 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $107k–$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
5 Portugal, United Kingdom, United States Seed, Venture - Series Unknown, Series A E-Commerce, Artificial Intelligence, Health Care $1000k–$16M
Caixa Capital
VC Fund
3 Portugal, United States, Spain Seed, Series A, Series B Software, SaaS, Information Technology $120k–$23M
Olisipo Way
VC Fund
3 Portugal, Lithuania Seed, Pre-Seed Software, InsurTech, FinTech $159k–$6.5M
REDangels
VC Fund
2 Portugal, Poland, Germany Seed, Pre-Seed, Angel Mobile, Internet of Things, Internet $11k–$3M
Bright Pixel Capital
VC Fund
2 United States, Portugal, Israel Series A, Series B, Seed Software, Information Technology, SaaS $1.1M–$35M
COREangels
VC Fund
2 Spain, Portugal, United States Seed, Pre-Seed, Series A Software, SaaS, Information Technology $150k–$17M
COREangels Lisbon
VC Fund
2 Portugal, Finland, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Marketing $83k–$2.7M
MSM
VC Fund
2 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, Software, E-Commerce $219k–$52M
LC Ventures
VC Fund
2 Portugal, United Kingdom, China Seed, Pre-Seed, Series A Information Technology, Artificial Intelligence, SaaS $11k–$12M
Iberis Capital
VC Fund
2 Portugal, United States, Spain Seed, Series A, Series C Information Technology, Software, Artificial Intelligence $1.2M–$147M
M4 Ventures
VC Fund
2 Portugal, United Kingdom, United Arab Emirates Seed, Series A, Venture - Series Unknown SaaS, Beauty, FinTech $2.1M–$5.3M
BlueCrow Capital
VC Fund
2 Portugal, United Kingdom, Spain Venture - Series Unknown, Seed, Series A Information Technology, SaaS, Energy $1.6M–$18M
WWVentures
VC Fund
1 United States, United Kingdom, Portugal Seed, Pre-Seed Blockchain, Cryptocurrency, Online Games
Aqua Spark
VC Fund
1 United States, Norway, Israel Series A, Seed Biotechnology, Aquaculture, Seafood
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, SaaS, Information Technology
Emurgo ventures
VC Fund
1 Singapore, Portugal, New Zealand Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming
Beam
VC Fund
1 United States, United Kingdom, Vietnam Seed, Series A Gaming, Blockchain, Video Games
Cogitent Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Bitcoin
Sky Mavis
VC Fund
1 United States, Canada, Portugal Seed, Series A Gaming, Web3, Blockchain
Oracles Investment Group
VC Fund
1 Singapore, United Kingdom, United Arab Emirates Seed, Series A Blockchain, Cryptocurrency, Gaming
Semapa Next
VC Fund
1 Portugal, Germany, United Kingdom Series A, Seed, Series B SaaS, Software, Artificial Intelligence $3.2M–$44M
Clever Advertising
VC Fund
1 Portugal, Lithuania, United States Seed, Pre-Seed, Venture - Series Unknown Mobile Apps, PaaS, SaaS
Snackclub
VC Fund
1 United States, Singapore, Brazil Seed, Pre-Seed, Series A Gaming, Blockchain, Video Games $2M–$15M
Vershina Capital
VC Fund
1 United States, Russian Federation, Portugal Secondary Market, Series A EdTech, Software, Education $500k–$11M
ROK Capital
VC Fund
1 United States, Japan, Brazil Seed, Series A Blockchain, FinTech, Cryptocurrency $1.4M–$45M
MetaBros
VC Fund
1 Portugal, United Arab Emirates Seed Web3, Gaming, Web Apps
Shio Capital
VC Fund
1 Germany, Sweden, United Kingdom Seed, Pre-Seed Food and Beverage, Food Processing, Grocery
Morningstar Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.4M–$25M
Best Horizon
VC Fund
1 Portugal, United Kingdom Seed, Pre-Seed Music, Gaming, Shipping $100k–$2.2M
Market One Capital
VC Fund
1 Poland, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Internet, E-Commerce $1.5M–$36M
ENISA
VC Fund
1 Spain, United States, France Seed, Debt Financing, Pre-Seed Software, Health Care, Artificial Intelligence $66k–$2.1M
Bynd Venture Capital
VC Fund
1 Portugal, Spain, United States Seed, Pre-Seed, Series A Software, SaaS, Health Care $483k–$50M
Insta Ventures
VC Fund
1 United States, Estonia, France Seed, Pre-Seed, Series A Software, E-Commerce, Advertising $550k–$5M
Amazon Alexa Fund
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $120k–$120M
Venly Ventures
VC Fund
1 Portugal Seed Gaming, Web Apps, Online Games
MixMarvel DAO Venture
VC Fund
1 Singapore, China, Portugal Seed Gaming, Blockchain, Software $2M–$7.7M
Google Assistant Investments
VC Fund
1 United States, India, Canada Seed, Series A Artificial Intelligence, Machine Learning, Software $500k–$11M
Sisu Game Ventures
VC Fund
1 Finland, United States, Germany Seed, Series A, Pre-Seed Gaming, Video Games, Software $110k–$38M
Polygon
VC Fund
1 United States, Singapore, India Seed, Pre-Seed, Grant Blockchain, Cryptocurrency, Gaming $10k–$20M
ADvantage
VC Fund
1 United States, India, Israel Series A, Series B Sports, Content, Fitness $10M–$15M
Waterdrip Capital
VC Fund
1 Singapore, Canada, United States Seed, Series A Blockchain, Cryptocurrency, Information Technology $1M–$6M
SharesPro
VC Fund
1 United States, India, Portugal Secondary Market, Seed Blockchain, Software, Cryptocurrency $3.4M–$15M
TMT Investments
VC Fund
1 United States, Estonia, United Kingdom Seed, Series A Software, SaaS, Social Media $250k–$10M
Brpx
VC Fund
1 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $318k–$15M
Mechanism Capital
VC Fund
1 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, Software $2M–$22M
MarketAcross
VC Fund
1 United States, Portugal, United Kingdom Seed, Initial Coin Offering Gaming, Blockchain, Online Games $2M–$8M
SkyVision Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Gaming, Cryptocurrency $1.2M–$60M
Access all 111 VC funds in Portugal Gaming startups.

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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 · 9 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: 261
  • Round size: Seed $110k–$2.1M; Pre-Seed $107k–$658k
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • 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.
  • Codeplace — The best place to develop your coding skills with a comprehensive, specially curated list of tutorials and books.
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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: 89
  • 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
  • Tucuvi — Tucuvi is a digital health startup on a mission to make healthcare efficient and accessible so all patients can have the best life quality at home. We offer a virtual care platform based on Lola, the first AI voice-based virtual nurse that accompany and monitor health status of patients by naturally speaking with them via phone calls.
  • 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 · 5 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, Artificial Intelligence, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $1000k–$11M; Series A $5M–$16M; Venture - Series Unknown $1.3M–$13M
  • Lead/follow: 53% lead, 47% follow

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%.
  • 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.
  • Data4Deals — Data4Deals applies Artificial Intelligence to financial data to understand customer preferences and behaviour, allowing brands to reach new customers and deepen relationships with existing ones.
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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, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 74
  • Round size: Seed $120k–$2.5M; Series A $3M–$12M; Series B $1.1M–$23M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • 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.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 3 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, InsurTech, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, Lithuania

Investor stats

  • Total investments: 29
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $159k–$1.5M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 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.
  • OSCAR — On-demand app for home services like repair, cleaning and laundry with fixed prices in less than 30 minutes.
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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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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: 96
  • Round size: Seed $1.1M–$7.3M; Series A $5.4M–$16M; Series B $15M–$35M
  • Lead/follow: 43% lead, 57% 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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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, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, Portugal, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $271k–$5.2M; Pre-Seed $150k–$1.4M; Series A $15M–$17M
  • Lead/follow: 11% lead, 89% 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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COREangels Lisbon
VC Fund · 2 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, Marketing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Finland, United Kingdom

Investor stats

  • Total investments: 14
  • Round size: Seed $1.3M–$2.7M; Pre-Seed $83k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tilect — Tilect built the Intelligent Algorithm Builder (IAB), an AI platform that lets business teams forecast sales, optimize and simulate pricing strategies in minutes. No months of spreadsheets, no costly consultants, just direct conversations with AI that deliver tailored solutions to real business constraints. The results speak for themselves: +90%forecast accuracy, profit gains of up to 200k/year in pilots. Tilect works with companies generating B€/year in revenue, helping them unlock 1–5% margin improvements. By replacing spreadsheets, consultants and slow internal AI teams, Tilect helps enterprises turning decision-making into a scalable, intelligent system that drives measurable growth.
  • Weiver — Weiver helps businesses professionally manage, improve, and analyze reviews with a centralized AI platform.
  • GOVA — GOVA is a food-biotech startup that uses creativity and delicious flavor to create the healthiest sugar on the planet.
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Access 48,091 investors

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

Browse database — It's Free!
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, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Portugal, Germany

Investor stats

  • Total investments: 49
  • Round size: Seed $1.7M–$4.8M; Pre-Seed $219k–$3M; Series A $4.1M–$52M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Pollen — Pollen is developing a universal battery-swapping network for mopeds and motorcycles, enabling riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and supporting efficient, scalable electric mobility in urban environments.
  • 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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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, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United Kingdom, China

Investor stats

  • Total investments: 36
  • Round size: Seed $380k–$4.9M; Pre-Seed $11k–$329k; Series A $6M–$12M
  • Lead/follow: 36% lead, 64% 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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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Iberis is an investment manager that operates a value-oriented investment management.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Seed $1.2M–$3.2M; Series A $5.8M–$41M; Series C $16M–$147M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Infos
  • TEKEVER — The Tekever Group is a provider of innovative technologies in Software, Aerospace, Defence and Security Markets.
  • 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.
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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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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
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Portugal, United Kingdom, Spain

Investor stats

  • Total investments: 22
  • Round size: Seed $1.6M–$10M; Series A $6.5M–$16M; Venture - Series Unknown $8.2M–$18M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Bighub — The All-in-One Platform for european marketplace growth. Integration, Catalog SEO, Pricing, Financing, Logistics, Helpdesk, and Resale.
  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
  • TWEVO Technologies — Solutions for i4.0 | Detection + Supervision + Control State-of-the-art AI video processing and encoding, ultra-fast Edge-AI electronics implementations complement and strengthen real-time factory worker responses, optimised video processing and transmission to provide full video information on the factory floor.
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WWVentures
VC Fund · 1 investments in Portugal Gaming startups

Read writing from WWVentures on Medium. Social Capital. Every day, WWVentures and thousands of other voices read, write, and share important stories on Medium.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Online Games
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Portugal

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.
  • 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.
  • OrdinalsBot — We make it easy to inscribe ordinals. Like, really easy.
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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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Accel
VC Fund · Palo Alto, California, United States · 1 investments in Portugal Gaming startups

First partner to exceptional teams everywhere

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1678
  • Lead/follow: no public data

Portfolio highlights

  • Cyera — Cyera provides organizations with data reality for cloud data security. Cyera was founded in 2021 and was headquartered in San Mateo, USA.
  • Corelight — Corelight helps network defenders reach the high ground where they can see more and react faster.
  • H Company — H is an AI Research Lab and Product Company
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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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Beam
VC Fund · Gibraltar, Gibraltar, Gibraltar · 1 investments in Portugal Gaming startups

We are a decentralized autonomous organization on a mission to revolutionize gaming. Join us as we build the metaverse by empowering people to be a part of it.

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Vietnam

Investor stats

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

Portfolio highlights

  • Qooverse — Qooverse is a Web3 gaming studio that creates fast-paced, win-to-earn mobile card games with a compelling gameplay loop. This involves developing an ecosystem of mid-core and casual social games for Telegram and future social platforms.
  • KOKODI — World without adults!
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
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Cogitent Ventures
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Cogitent Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Bitcoin
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 100
  • Lead/follow: no public data

Portfolio highlights

  • DeepSafe — DeepSafe is a decentralized AI trusted verification network designed to ensure transparency, security, and reliability in the development and deployment of artificial intelligence systems.
  • Metafide — Metafide offers AI-driven trading solutions and Web3 asset analysis for financial entities.
  • Zypher Network — Zypher Network, Portal for Revolutionary Fully-on-Chain Games using ZKP & AI
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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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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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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, Software, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Portugal, Germany, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $3.2M–$4.2M; Series A $6.5M–$44M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Sybilion — Sybilion is an artificial intelligence-powered platform that provides a decision layer for companies analyzing information for supply chain management, marketing, and planning purposes.
  • 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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Clever Advertising
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Gaming startups

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

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Investment focus

  • Industry: Mobile Apps, PaaS, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Portugal, Lithuania, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% 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.
  • Replai — Without data, creative choices are just guesswork. Replai helps you understand the difference between a creative that your audience acts on and one that is just another scroll.
  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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Snackclub
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Portugal Gaming startups

Learn more about play to earn games

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Brazil

Investor stats

  • Total investments: 13
  • Round size: Seed $2M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GAMES.GG — Discover 1,500+ games with honest reviews, expert guides, and daily gaming news across PC, console, and mobile. Find your next favorite game on Steam, Epic Games, PlayStation, Xbox, and Nintendo.
  • CARV — CARV enables AI Beings to live, evolve, and govern as sovereign intelligences on-chain; not as tools, but as beings that act, learn, and lead.
  • Nest Wallet — A Wallet Built for Traders
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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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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, FinTech, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, Japan, Brazil

Investor stats

  • Total investments: 16
  • Round size: Seed $1.4M–$10M; Series A $4.1M–$45M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • GAMES.GG — Discover 1,500+ games with honest reviews, expert guides, and daily gaming news across PC, console, and mobile. Find your next favorite game on Steam, Epic Games, PlayStation, Xbox, and Nintendo.
  • Sumer Money — Sumer Money is a cross-chain synthetic assets protocol that enables composable Defi across blockchains.
  • SYNTRA — Syntra is an AI-driven trading infrastructure company focused on disciplined execution, real-time risk management, and transparent market operations in digital asset markets. The company builds systems that monitor market structure, volatility, liquidity, and correlation dynamics, enabling automated decision-making with strict risk controls.Syntra’s infrastructure is designed to prioritize execution quality, capital preservation, and operational transparency over short-term performance optimization.Syntra operates a live execution environment where all system actions are observable in real time, providing an open view into how the trading system behaves across different market conditions. The platform is infrastructure-first, emphasizing robustness, scalability, and controlled growth rather than aggressive user acquisition. The company is currently focused on expanding its execution stack, data pipelines, and risk management framework to support broader market coverage and institutional-grade reliability.
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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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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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822 industries, 177 countries. Updated daily. Emails and phones included.

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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 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: 137
  • Round size: Seed $1.5M–$10M; Series A $1.4M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
  • OP_NET
  • Watch.fun
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Best Horizon
VC Fund · Lisbon, Lisboa, Portugal · 1 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: Music, Gaming, Shipping
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 7
  • Round size: Seed $840k–$2.2M; Pre-Seed $100k–$762k
  • 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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Market One Capital
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Portugal Gaming startups

Market One Capital | Seed fund empowering marketplaces and network effects platforms across Europe

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United Kingdom, Germany

Investor stats

  • Total investments: 63
  • Round size: Seed $2.1M–$9.5M; Pre-Seed $1.5M–$4.6M; Series A $3.5M–$36M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $83M in 2022

Portfolio highlights

  • Optiak — Optiak is an AI-based platform that develops a modular operating system designed to streamline operations.
  • Rizon
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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ENISA
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Gaming startups

ENISA is a public company under the Ministry of Industry, Energy and Tourism, through the Directorate General of Industry and Small and medium-sized enterprises which, since 1982, actively participates in the financing of viable and innovative business projects.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Debt Financing, Pre-Seed
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 219
  • Round size: Seed $76k–$2.1M; Pre-Seed $188k–$1.2M; Debt Financing $66k–$549k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Naturr — Nature, which seeks to connect small-scale artisanal food producers from rural areas with urban consumers. Nature platform could serve as an important bridge for promoting local and sustainable food systems, benefiting both rural producers and urban consumers i
  • Biotasmart
  • DARWIN Biomed — Biomedical Engineering
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming startups, 7 in the past 12 months

Bynd is a leading Iberian Venture Capital firm

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Seed $483k–$5.3M; Pre-Seed $576k–$2.1M; Series A $5.5M–$50M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Pollen — Pollen is developing a universal battery-swapping network for mopeds and motorcycles, enabling riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and supporting efficient, scalable electric mobility in urban environments.
  • Wio Capital — Wio Capital is a wealthtech company that builds an AI-powered wealth management platform for financial advisors, offices, and bankers.
  • Spacebackend — Spacebackend is redefining how aerospace teams handle mission-critical integration. Our platform, Lynapse, is an AI-powered system integration environment designed for engineers-in-the-loop. We empower software integration and AIT/AIV teams to bridge the gap from hardware interface to flight-ready software - starting in the design phase andcontinuing through end-to-end integration.By decoupling software readiness from physical hardware and leveraging AI to automate the implementation of complex interfaces, we reduce integration effort from years to days. Lynapse uses AI to convert complex ICD documentation into digital models, automatically producing, testing, and validating platform-agnostic source code.Our workflow ensures every line of code is deterministic, engineer-approved, and fully traceable from documentation to deployment. Whether you are generating platform-agnostic code from scratch or validating existing flight software against a digital ICD model, Lynapse exposes failures and readiness gaps early - when it matters most. Build integration readiness today.
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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, E-Commerce, Advertising
  • 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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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, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 139
  • Round size: Seed $120k–$5.7M; Series A $5.1M–$46M; Series B $11M–$120M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • Endel — Personalized soundscapes to help you focus, relax, and sleep. Backed by neuroscience.
  • Hearvana — Hearvana is a IT consulting company.
  • 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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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: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • GAMES.GG — Discover 1,500+ games with honest reviews, expert guides, and daily gaming news across PC, console, and mobile. Find your next favorite game on Steam, Epic Games, PlayStation, Xbox, and Nintendo.
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MixMarvel DAO Venture
VC Fund · 1 investments in Portugal Gaming startups

MixMarvel DAO Venture is a decentralized investment organisation. It offers financial support and consulting services for web3 buil;ders.

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Investment focus

  • Industry: Gaming, Blockchain, Software
  • Stage:Seed
  • Geography: Singapore, China, Portugal

Investor stats

  • Total investments: 6
  • Round size: Seed $2M–$7.7M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • TonUP — TonUP offers cryptocurrencies as well as IDO services.
  • 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.
  • Archer Hunter — Archer Hunter is the 1st action-packed (IP) RPG available for iOS & Android with 2M installs on Sei Network, backed by Nika Labs & Sei Development Foundation, offering thrilling adventures where surrounded by hordes of monsters with one objective to fight and conquer.
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Google Assistant Investments
VC Fund · Mountain View, California, United States · 1 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: Artificial Intelligence, Machine Learning, Software
  • Stage:Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$3M; Series A $3M–$11M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Satisfi Labs — Satisfi Labs is a conversational AI platform for retailers, sports venues, attractions, and live events. Its platform, the Answer Engine, powers chatbots, voice experiences, messaging apps, and website forums to provide an answer to all customer questions in real time. It creates unique customer experiences for leaders in sports, entertainment,tourism, and retail.Satisfi Labs was founded in 2016 and is based in New York, United States.
  • Elly — The first empathetic audio companion for patients living with a chronic disease.
  • 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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Sisu Game Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Portugal Gaming startups

Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.

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Investment focus

  • Industry: Gaming, Video Games, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, United States, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $576k–$4.6M; Pre-Seed $110k–$800k; Series A $6.1M–$38M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2021

Portfolio highlights

  • Torpor Games — Torpor Games is a video game company that offers PC, switch, android, and iOS game development services.
  • Kinoa Labs — Kinoa provides an AI-powered LiveOps platform that helps mobile app and game companies manage user engagement, retention, and monetization. The platform lets teams design behavior-driven user journeys that respond to milestones, purchases, and inactivity in real time. It includes tools for in-app dynamic content, in-app messages, pushnotifications, remote configuration, feature settings, and webhooks, all managed from a single dashboard. Kinoa supports live user state management and live segments so experiences, offers, and pricing can be personalized instantly as behavior changes. It also offers calendar, resource management, and A/B testing capabilities to plan campaigns, manage in-app items and currencies, and optimize configurations. Integration is done via SDKs or APIs, after which operations teams can run experiments and updates without ongoing developer involvement.
  • Antihero Studios — Antihero Studios creates multiplayer mobile games focused on social interaction and community engagement.
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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, Grant
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 125
  • Round size: Seed $1.1M–$20M; Grant $10k–$300k; Pre-Seed $250k–$3.8M
  • Lead/follow: 14% lead, 86% follow

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.
  • Open Campus — The Open Campus is a community-driven protocol that leverages the power of blockchain and invites all to build the future of education by putting the power of learning back in the hands of educators, students, and the community.
  • Pheasant Network — Pheasant Network uses intent-based bridging and an innovative cross-chain swap protocol to connect 30+ blockchain networks quickly and efficiently.
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ADvantage
VC Fund · Jerusalem, Yerushalayim, Israel · 1 investments in Portugal Gaming startups

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

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Investment focus

  • Industry: Sports, Content, Fitness
  • Stage:Series A, Series B
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 10
  • Round size: Series B $10M–$15M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Ladder — Get stronger & workout more. Free 7 day trial, no credit card needed!
  • Greenfly — Greenfly's short-form media orchestration software platform captures, collects, organizes & distributes videos & photos to drive fan engagement and boost revenue for sports and entertainment organizations.
  • Recapp
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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, Information Technology
  • Stage:Seed, Series A
  • Geography: Singapore, Canada, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$6M; Series A $2.8M–$3.7M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • TonUP — TonUP offers cryptocurrencies as well as IDO services.
  • 4Everland — 4EVERLAND is a Web 3.0 cloud computing platform that integrates storage, computing, and network core capabilities.
  • Ordz Games — Ordz Games is a gaming provider for the Bitcoin eco-chain.
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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: Blockchain, Software, Cryptocurrency
  • Stage:Secondary Market, Seed
  • Geography: United States, India, Portugal

Investor stats

  • Total investments: 10
  • Round size: Secondary Market $3.4M–$15M
  • Lead/follow: 10% lead, 90% 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.
  • Chainalysis — Chainalysis helps government agencies, cryptocurrency businesses, and financial institutions engage confidently with cryptocurrency.
  • 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 · 1 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
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 107
  • Round size: Seed $250k–$4.1M; Series A $1.5M–$10M
  • Lead/follow: 33% lead, 67% 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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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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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, Software
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 137
  • Round size: Seed $2M–$9M; Series A $4M–$22M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Kapkap — Kapkap is a web3 platform that uses AI for attention based value distribution in gaming.
  • SuperIntent
  • Inference Labs — AI hyperscale on decentralized networks - We provide certainty for on-chain AI
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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
  • Round size: Seed $2M–$5M; Initial Coin Offering $3.6M–$8M
  • Lead/follow: 0% lead, 100% follow

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.
  • GAMES.GG — Discover 1,500+ games with honest reviews, expert guides, and daily gaming news across PC, console, and mobile. Find your next favorite game on Steam, Epic Games, PlayStation, Xbox, and Nintendo.
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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: 92
  • Round size: Seed $1.5M–$6M; Initial Coin Offering $1.2M–$60M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Amnis Finance — Stake APT on the best liquid staking protocol on Aptos to receive daily rewards with an attractive APR of 3%.
  • Velvet Capital — Trade any crypto onchain - spot and perpetuals across 7 chains with AI-powered routing. Non-custodial DeFi trading terminal + AI trading bot. 100K+ traders.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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Gaming VC funding in Portugal at a glance

Stats across 92 deals from 111 investors.

111
investors
in Portugal Gaming startups
92
deals
in Portugal Gaming startups
$823k
median round
in Portugal Gaming startups
33%
lead investors
lead at least one round
29%
Seed
most common funding stage

Access all 111 VC funds in Portugal Gaming startups.

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