# Top 50 Hardware VC (Venture Capital) Funds in Portugal in June 2026

## Portugal Ventures
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 16
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Health Care

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

## Caixa Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

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.

## HCapital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Power Grid, Information Technology

We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds.

## Armilar Venture Partners
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Armilar Venture Partners is Portugal's leading venture capitalist. An independent VC with a 20-year-old history, a high-performance track record and an international footprint, Armilar is a deep-tech investor in ICT, HealthTech and CleanTech.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Health Care

Bynd is a leading Iberian Venture Capital firm

## Faber
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, SaaS

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.

## Bright Pixel Capital
- Type: VC Fund
- Location: Maia, Porto, Portugal
- Relevant deals: 4
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, SaaS

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.

## LC Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, SaaS, Artificial Intelligence

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.

## Indico Capital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, E-Commerce, B2B

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.

## Iberis Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Information Technology, Software, SaaS

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

## Novabase Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Analytics

Novabase Capital, Sociedade de Capital de Risco, SA is a venture capital firm owned entirely by Novabase SGPS, SA. Its main purpose is to find and support Portuguese ICT business projects – in early development or expanding – with high potential. Novabase Capital has an unique, specific expertise and a long track record in the development oftechnology-based SMEs throughout Portugal.

## Brpx
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

## EDP Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Energy, Information Technology

EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space

## WISENEXT
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Internet

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.

## Innovation Nest
- Type: VC Fund
- Location: Kraków, Malopolskie, Poland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, E-Commerce

Innovation Nest invest in early stage B2B SaaS startups from Europe and help them grow from local to global using our network of contacts and strong in-house competencies. It strongly believes that the path to growth leads through Silicon Valley and strongly encourage our portfolio startups to set up presence there. The company supports high-techcompanies to grow faster and scale their business globally.

## Grupo Lusiaves service
- Type: VC Fund
- Location: Leiria, Leiria, Portugal
- Relevant deals: 2
- Stages: Seed, Post-IPO Equity
- Focus: Computer, Consumer, Software

Lusiaves Group, founded in 1986 in Marinha das Ondas (Figueira da Foz), has continuously invested in vertical integration of the poultry sector to ensure full control of the entire animal production process. The verticalization of the industry is made possible by a commitment to continual learning about the poultry market and through the adoptionof agrifood innovation, food quality and safety, animal health and nutrition, sustainability, and human resources as the cornerstones of its operations. Those bets enabled the Lusiaves Group to grow and expand, combined with solid teamwork, supported by career advancement, and the ability to continually improve individual and collective work daily.

## 200M
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Artificial Intelligence, Retail

200M is a Portuguese public fund of 200 million euros designed to co-invest with the best VCs from around the world in startups which are growing their business out of Portugal.

## REDangels
- Type: VC Fund
- Location: Aveiro, Aveiro, Portugal
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Mobile, Internet of Things, Internet

They believe the unbelievable and trust the untrustable.

## EIT Urban Mobility
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Transportation, Information Technology

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union.
Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

## Shilling VC
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, Internet

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.

## Creative Wings
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Hardware, Mobile Devices, Internet of Things

Creative Wings offers creative arts training and consultancy services as well as offers creative, engaging educational courses for kids, young adults, and professionals. Its aims is to provide these courses at an affordable cost.

## Construtech Ventures
- Type: VC Fund
- Location: Florianópolis, Santa Catarina, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Real Estate, Software, Construction

Construtech Ventures combines over 20 years of knowledge and networking in the construction and real estate industry with a objective and clear approach to diagnosing opportunities for adding real value to its portfolio, through prototyping solutions, hiring teams of entrepreneur to build startups with high growth potential and investing inConstrutechs with teams capable of generating a digital transformation in this industry whilst partnering with great companies looking to innovate in the development of the construction chain.

## Knight Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, SaaS, Information Technology

Knight Capital is helping founders from series A to series B and beyond.

## Seaya
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Financial Services, FinTech, Internet

Seaya is an European VC investing in exceptional entrepreneurs who build global tech companies.

## Beta Capital
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Software, Biotechnology

We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory.

## COREangels
- Type: VC Fund
- Location: Ílhavo, Aveiro, Portugal
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, Artificial Intelligence

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

## Dispatch Ventures
- Type: VC Fund
- Location: Quebec, Quebec, Canada
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Internet, Financial Services

Dispatch Ventures invests in founders building early-stage technology companies. Over the years, Dispatch has nurtured dozens of startups- helping them find corporate clients, skilled employees, gain media coverage, and raise millions in venture capital.

## Farfetch
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Corporate Round, Convertible Note
- Focus: Fashion, E-Commerce, Retail

Farfetch operates an e-commerce website that unites various independent fashion boutiques. It offers bags, coats, dresses, jackets, jewellery, swimwear, trouser, shoes, knitwear, suits, shorts, and accessories. They operate a modular end-to-end technology platform purpose built to connect the luxury fashion ecosystem worldwide. Their vision wasto create a single operating system that could address the complex demands of consumers and luxury sellers alike. Their platform is built on an API-enabled proprietary technology stack, which provides the foundation for the three main components: applications, services and data. Farfetch serves women, men, and kids. Jose Neves founded the company in 2008, with its headquarters in London, United Kingdom.

## FORWARD.one
- Type: VC Fund
- Location: Amstelveen, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Semiconductor, Information Technology

We are a leading non-profit establishing new relationships between agriculture and nature. Protecting the natural world and treasured wildlife.

## Amazon Alexa Fund
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

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.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, Artificial Intelligence

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

## Superlyst Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Privacy, Computer

Superlyst Ventures is a seed-stage investment collective, backed by an ecosystem of successful entrepreneurs.

## Critical SGPS
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Computer, Software, Information Technology

Critical SGPS is a financial services company that serves sectors such as aerospace, energy, education, and health care.

## Lince Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Information Technology, E-Commerce, SaaS

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.

## Techstars Ventures
- Type: VC Fund
- Location: Boulder, Colorado, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Artificial Intelligence

Techstars helps founders succeed. Through our global accelerators, we invest in early-stage startups led by founders building a better future for everyone.

## Herrick Partners
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Software, Electronics, Virtual Reality

Herrick Partners is a company that specializes in investment management services.

## Ganexa Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Fitness, Wellness, Health Care

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

## Verizon Ventures
- Type: VC Fund
- Location: Basking Ridge, New Jersey, United States
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, Mobile, SaaS

Shop Verizon smartphone deals and wireless plans on the largest 4G LTE network. First to 5G. Get Fios for the fastest internet, TV and phone service.

## Keensight Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Software, Information Technology, Manufacturing

Keensight Capital is a European Growth Buyout investor with deep expertise in Technology and Healthcare.

## Pathena
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 1
- Stages: Series A, Seed, Series C
- Focus: B2B, Marketing, Advertising

Pathena is an investment firm engaged on boosting the success of information technology and digital biomedical companies.

## Explorer Investments
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 1
- Stages: Private Equity, Seed
- Focus: Manufacturing, Retail, Restaurants

Founded in 2003, Explorer is Portugals leading independent management company of alternative assets, with a reputation for outstanding quality, in-depth experience and an excellent track record.

## Olisipo Way
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, FinTech, Marketplace

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.

## Oxy Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Private Equity
- Focus: VoIP, Software, Wireless

Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level.

## Delta Blockchain Fund
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Software

Delta Blockchain Fund is an early-stage venture capital fund lighting the path of blockchain innovation by supporting developers and visionaries building the world of decentralization.

## BlueCrow Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Payments, Mobile Payments

BlueCrow Capital is a venture capital firm.

## Kamay Ventures
- Type: VC Fund
- Location: Olivos, Buenos Aires, Argentina
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: FinTech, Lending, Restaurants

Kamay Ventures is the first corporate venture capital fund open to multiple corporations.

## Metro
- Type: VC Fund
- Location: Düsseldorf, Nordrhein-Westfalen, Germany
- Relevant deals: 1
- Stages: Series A, Seed, Series C
- Focus: Hospitality, Restaurants, Retail

METRO GROUP is a Germany-based holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers. The portfolio comprises Metro Cash & Carry brand, which isactive in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium. The Company is also engaged in the real estate operations (Metro Properties), logistics (Metro Logistics), Information Technology (Metro Systems) and advertising services.

## Atlante
- Type: VC Fund
- Relevant deals: 1

The first EV Fastcharging Network enabled by renewables, energy storage and 100% grid-integrated.

## EIT Health
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Grant, Pre-Seed, Seed
- Focus: Health Care, Medical Device, Medical

EIT Health is a network of best-in-class health innovators backed by the EU. We deliver solutions to enable European citizens to live longer, healthier lives.

## Korys
- Type: VC Fund
- Location: Halle, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Biotechnology, Renewable Energy, Information Technology

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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