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Top 50 Health Care Startup Investors in Portugal (June 2026)

The most active venture capital funds and angel investors investing in Portugal Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Health Care 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
30 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $110k–$2.1M
Armilar Venture Partners
VC Fund
9 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$16M
Bynd Venture Capital
VC Fund
7 Portugal, Spain, United States Seed, Pre-Seed, Series A Software, SaaS, Health Care $483k–$50M
Caixa Capital
VC Fund
7 Portugal, United States, Spain Seed, Series A Software, Information Technology, SaaS $120k–$12M
Shilling VC
VC Fund
6 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Internet $208k–$16M
Demium Capital
VC Fund
5 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, FinTech, Health Care $110k–$3.1M
Vesalius Biocapital Partners
VC Fund
4 Belgium, Germany, France Series A, Series B, Series C Biotechnology, Health Care, Medical $3.8M–$100M
TheVentureCity
VC Fund
3 United States, Spain, Brazil Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $100k–$45M
Iberis Capital
VC Fund
3 Portugal, Spain, United States Series A, Seed Software, Information Technology, SaaS $2.2M–$43M
Olisipo Way
VC Fund
3 Portugal, Lithuania Pre-Seed, Seed Software, FinTech, Marketplace $159k–$6.5M
MSM
VC Fund
2 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, Software, B2B $219k–$9.9M
Critical Ventures
VC Fund
2 Portugal, United States Seed, Series A Medical, Computer, Genetics $1.2M–$13M
BREEGA
VC Fund
2 France, United Kingdom, United States Seed, Series A Software, FinTech, Financial Services $1.1M–$25M
TrulyMad
VC Fund
2 Portugal Pre-Seed Beauty, Fitness, Wellness $550k–$560k
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Brighteye Ventures
VC Fund
2 United Kingdom, France, Spain Seed, Series A, Pre-Seed Education, Software, E-Learning $549k–$20M
Lince Capital
VC Fund
2 Portugal, United Kingdom, Malta Seed, Venture - Series Unknown E-Commerce, Information Technology, Retail $1.1M–$6.8M
Start Ventures
VC Fund
2 United Kingdom, Portugal, United States Seed, Series A InsurTech, Software, Insurance $1.2M–$16M
Ideias Glaciares
Angel
2 Portugal, United States Pre-Seed, Seed Wellness, SaaS, Video $159k–$1.4M
Explorer Investments
VC Fund
2 Portugal, Spain, Brazil Private Equity, Seed Manufacturing, Retail, Textiles $2.1M–$4.7M
Casa Verde Capital
VC Fund
1 United States, Germany, Canada Seed, Series A, Series B Cannabis, Software, Health Care $2.5M–$38M
Beta-i
VC Fund
1 Portugal Pre-Seed FinTech, Computer, Software
Social Impact Fund
VC Fund
1 Portugal, United States Seed Apps, Video, Medical $942k–$2.5M
HTGF (High-Tech Gruenderfonds)
VC Fund
1 Germany, Switzerland, United States Seed, Series A Software, Biotechnology, Information Technology $909k–$33M
StartUp Health
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed Health Care, Wellness, Medical $20k–$4M
Jeremy Hendon
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
EIT Health
VC Fund
1 United Kingdom, Spain, Ireland Grant, Pre-Seed, Seed Health Care, Medical Device, Medical $22k–$1.6M
Hugo Arevalo
Angel
1 Spain, Canada, Belgium Seed, Pre-Seed Software, Fashion, FinTech $549k–$4.1M
Nuno Job
Angel
1 United States, Portugal, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $637k–$5.3M
Beta Capital
VC Fund
1 Portugal, United Kingdom Seed Software, Health Care, Biotechnology $476k–$3.1M
Kiilto Ventures
VC Fund
1 Finland, Portugal Seed Construction, CRM, Hospital $823k–$2.2M
Vasco Lopes da Silva
Angel
1 Portugal Seed Health Care, Human Resources
Humberto Ayres Pereira
Angel
1 United States, Portugal Pre-Seed, Seed SaaS, Pet, Video $1.3M–$2.8M
Scott MacMillan
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
200M
VC Fund
1 Portugal, Brazil, France Seed, Series A Health Care, Artificial Intelligence, Therapeutics
Redstone.VC
VC Fund
1 Germany, Finland, France Seed, Series A Software, Information Technology, Health Care
Bionova Capital
VC Fund
1 Portugal, United Kingdom Seed Biotechnology, Hospital, Health Care $329k–$1.7M
M4 Ventures
VC Fund
1 Portugal, United Kingdom, United Arab Emirates Seed FinTech, Payments, Mobile Payments
WISENEXT
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, SaaS, Internet $165k–$1.6M
Job van der Voort
Angel
1 Germany, United States, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services
Indico Capital Partners
VC Fund
1 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
MS&AD Ventures
VC Fund
1 United States, Germany, Singapore Seed, Series A, Series B FinTech, Financial Services, Insurance $2.9M–$58M
Draper Startup House Ventures
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed Software, FinTech, Analytics $875k–$4.3M
Boost VC
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed Software, Blockchain, Virtual Reality $75k–$6.1M
Boehringer Ingelheim Venture Fund
VC Fund
1 United States, Germany, Switzerland Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $1.3M–$50M
Boule Diagnostics
VC Fund
1 Portugal Series A Medical, Health Care, Medical Device
Pathena
VC Fund
1 Portugal, Germany Series A, Seed, Series C B2B, Marketing, Advertising $1.4M–$39M
Green Innovations
VC Fund
1 Portugal Series A Medical, Genetics, Health Care
Michael Chang
Angel
1 Portugal Pre-Seed Apps, Fitness, Big Data
Deepinder Goyal
Angel
1 India, United States, Portugal Seed, Series B, Pre-Seed Health Care, E-Commerce, Wellness
Access all 63 investors in Portugal Health Care 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 · 30 investments in Portugal Health Care 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: 225
  • Round size: Seed $110k–$2.1M; Pre-Seed $110k–$658k
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • PLUTOS — We are here to make sure that your Puppy gets the best treat! PLUTOS were created specifically for dogs to have fun. Find out our dog healthy chews.
  • SCUBIC — SCUBIC is a developer of a cloud-based analytics platform. They were designed to help water utilities and industries improve the management of water supply systems. They combine water management, energy efficiency techniques, data science, hydraulics, and software engineering in order to deliver impactful solutions that improve systems andprocesses. They are specialized services that account for the energy usage in homes, service buildings, or industrial plants.
  • KeepIt Energy — KeepIt - KeepIt will place an energy storage technology on the market and thus contribute to a successful energy transition. This technology, which can potentially be used in different market segments, from home solar systems in developing countries to grid support in developed countries, will make an important contribution to harmonisingproduction and consumption in a world that runs on electricity produced entirely from renewable sources. KeepIt is a spin-off from the Faculty of Sciences of the University of Lisbon, stemming from the doctoral work in which its founding partners were involved.
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 9 investments in Portugal Health Care startups

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.

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Investment focus

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

Investor stats

  • Total investments: 101
  • Round size: Seed $500k–$4.8M; Series A $4M–$16M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $53M in 2019

Portfolio highlights

  • Equall — Equall offers legal AI systems to help companies and lawyers evaluate and control risk.
  • DOJO AI — Dojo AI is pioneering the Marketing Operating System (MOS) category, providing challenger brands with enterprise-grade marketing infrastructure. Its proprietary technology combines real-time market intelligence, specialized AI agents, and automated workflow orchestration in one unified platform.The Dojo MOS enables marketing teams to run theirentire operation - from market research and strategy to content creation and campaign execution - through a single, intelligent system. The platform features a proprietary graph engine for real-time market intelligence, marketing-specific language models, and autonomous AI agents trained for specialized marketing tasks.Built for challenger brands looking to compete more effectively, Dojo eliminates the need for multiple point solutions and reduces dependency on external agencies. The platform continuously learns and optimizes, providing companies with compounding advantages as they scale their marketing operations.
  • DareData
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 7 investments in Portugal Health Care startups

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: 62
  • Round size: Seed $483k–$5.3M; Pre-Seed $576k–$2.1M; Series A $5.5M–$50M
  • Lead/follow: 19% lead, 81% 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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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 7 investments in Portugal Health Care startups

Caixa Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity.Caixa Capital´s mission is to invest in fundsand companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.Currently with more than 700 million Euros under management and a portfolio of over 80 investments, Caixa Capital is a reference in this area with special links to the respective European sector associations.

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Seed $120k–$2.5M; Series A $3M–$12M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • Noxus — At Spot, we're crafting the operating system for tomorrow's workforce, harnessing AI to streamline influencer marketing. Our platform empowers agencies, businesses, and content creators to collaborate effectively and reach audiences with ease.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 6 investments in Portugal Health Care 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: 79
  • Round size: Seed $603k–$5M; Pre-Seed $208k–$3M; Series A $2.4M–$16M
  • Lead/follow: 23% lead, 77% 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
  • Manie
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 5 investments in Portugal Health Care startups

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

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Investment focus

  • Industry: Software, FinTech, Health Care
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Spain, Portugal, Poland

Investor stats

  • Total investments: 81
  • Round size: Seed $110k–$3.1M; Pre-Seed $110k–$329k
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $52M in 2020

Portfolio highlights

  • Qalea
  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • KomboAI — Supercharge your CRM and close more deals with KomboAI Find the right leads, engage them with purpose and improve your skills every day. Book a Demo See Kombo in Action Over 1000+ sales reps are already using KomboAI during their job Join the sales revolution today Find the right leads Receive every day new leads
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Vesalius Biocapital Partners
VC Fund · Strassen, Luxembourg, Luxembourg · 4 investments in Portugal Health Care startups

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Belgium, Germany, France

Investor stats

  • Total investments: 59
  • Round size: Series A $3.8M–$20M; Series B $4.4M–$27M; Series C $6.9M–$100M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Caresyntax — Caresyntax is the only enterprise-scale surgical data solution you need to make surgery smarter, safer, and more profitable.
  • ENYO Pharma — ENYO Pharma is a biopharmaceutical company incorporated in Jan, 2014, by four scientists of the Infectiology Research Center in Lyon, France, and three seeding partners (2 privates and 1 public).The company is based in the Infectiology Center of Lyonbiopôle in Lyon, France and maintains tight collaborations with the seminal Inserm team and theBSL4 laboratory Inserm-Jean Mérieux.ENYO Pharma has licensed several Inserm patents issued from the discoveries of the founding scientists and developed a unique platform for the identification of intracellular therapeutic targets and molecules.The company is developing treatments against the most important viruses and is thriving to become a global leader in anti-virals. Research and Development is currently focused on human infecting viruses, with the first two programs being dedicated to the treatment of severe and seasonal flu and chronic hepatitis B. The company plans to conduct its molecules to Phase II clinical trials.
  • Inflammatix — Inflammatix develops rapid point of care diagnostic tests by reading the immune system, and resolves major clinical health challenges.
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TheVentureCity
VC Fund · Miami, Florida, United States · 3 investments in Portugal Health Care startups

TheVentureCity is a global early-stage venture fund, investing in product-centric startups across the US, Europe, and Latam. With more than $150M under management, the firm invests from pre-seed and seed with a ticket size from $100-500k to Series A with $1-4M.

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Investment focus

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

Investor stats

  • Total investments: 133
  • Round size: Seed $100k–$4.9M; Pre-Seed $100k–$1.2M; Series A $3M–$45M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Count — Explore, refactor, and share your data at warp speed.
  • Passport — Passport is the modern shipping carrier for international ecommerce that helps direct-to-consumer brands ship their products internationally.
  • Belo — Crypto for everyone, everyday
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $2.2M–$3.2M; Series A $6M–$43M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
  • Connected — Connected is a startup that offers affordable connecting humans, unleashing a new wave of IoT-based business models and contributing to bridge the digital gap.
  • Sound Particles — A CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world
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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Health Care startups

Olisipo Way is an early-stage venture firm that focuses on IT investments. It invests in technology companies with very diverse and complementary skills. The initial portfolio of Olisipo Way comes from the innovation created within the Olisipo through the continuous stimulation of innovation among employees and the incubation of new businessventures.The firm was founded in 2015 and is headquartered in Lisbon, Lisboa.

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Investment focus

  • Industry: Software, FinTech, Marketplace
  • Stage:Pre-Seed, Seed
  • Geography: Portugal, Lithuania

Investor stats

  • Total investments: 18
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $159k–$1.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • DoJob.ai — DoJob.ai is an AI-powered online platform engineered to elevate the management and planning capabilities of business organizations. It primarily serves these organizations by providing tools and features that boost the productivity of knowledge workers. More than just a tool for document creation, DoJob.ai acts as a partner for the strategy andmanagement functions within businesses. It aids in the development of strategic plans, operational documents, and other business-related documents, thereby enhancing the influence of individuals within their roles and the organization as a whole.
  • hAPI — hAPI offers financial solutions through APIs to collect financing information and documentation.
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Access 48,091 investors

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

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MSM
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

We invest in game-changing companies with the power to transform the way the world uses technology.

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Investment focus

  • Industry: Medical, Computer, Genetics
  • Stage:Seed, Series A
  • Geography: Portugal, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $1.2M–$13M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • hOS — hOS is an early-stage AI technology company.
  • Kirontech — Detect & manage wasteful practices
  • RunSafe Security — Secure embedded systems with RunSafe Security's runtime cybersecurity protection, integrating build-time defenses without affecting performance.
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BREEGA
VC Fund · London, England, United Kingdom · 2 investments in Portugal Health Care startups

VCs use all sorts of tricks to attract the best companies. We do too. But as founders, we know that the main reason you choose an investor to be a part of your journey is because you like them. You trust them. Their values align with yours.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: France, United Kingdom, United States

Investor stats

  • Total investments: 138
  • Round size: Seed $1.1M–$8M; Series A $4.2M–$25M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — raised $165M in 2023

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • Dattak — Dattak offers cyber insurance solutions based on cybersecurity technologies. Their cybersecurity tools allow us to assess a company's level of cybersecurity without complex questionnaires. They provide their policyholders with a variety of cybersecurity tools to help them prevent and defend against cyberattacks.
  • Entalpic — Entalpic is an AI-driven discovery platform for sustainable industries aiming to optimize carbon-intensive sectors.
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TrulyMad
VC Fund · 2 investments in Portugal Health Care startups

TrulyMad Business Accelerator

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Investment focus

  • Industry: Beauty, Fitness, Wellness
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $550k–$560k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Portugal Health Care startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Brighteye Ventures
VC Fund · Paris, Ile-de-France, France · 2 investments in Portugal Health Care startups

Brighteye Ventures is the first and largest vertical EdTech Venture Capital firm in Europe. If you are an entrepreneur using technology to reinvent learning and education, we want to hear from you!

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Investment focus

  • Industry: Education, Software, E-Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, France, Spain

Investor stats

  • Total investments: 55
  • Round size: Seed $1.6M–$6.6M; Pre-Seed $549k–$1.6M; Series A $3.8M–$20M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $111M in 2020

Portfolio highlights

  • Gyver — Recruiting platform for skilled blue collars
  • Shakers — We are Shakers and we are redefining the future of work. We connect companies and talent with a perfect match between personal and professional life through technology and methodology. We want to achieve a lifestyle in which work is synonymous with happiness so that you can work where, how and when you want. And thus be more productive and havebetter results in the projects in which you collaborate. Sounds good to you? You already have DNA Shakers, follow us !!
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Health Care 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, Information Technology, Retail
  • Stage:Seed, Venture - Series Unknown
  • Geography: Portugal, United Kingdom, Malta

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$6.8M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Zen8 — Explore Connected Swim Training at zwim.com. Smart Swim Trainer + data + immersive game = real swim power. Train at home, get faster in the water. Join the waitlist now.
  • Hytro — Hytro manufactures garments with built-in blood flow restriction designed for use in training and recovery.
  • OSCAR — On-demand app for home services like repair, cleaning and laundry with fixed prices in less than 30 minutes.
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Start Ventures
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Health Care startups

BiG Start Ventures is an early-stage VC investing globally in B2B Fintech, Insurtech, Regtech and Cybersecurity. Onetier Partners, SCR, S.A.

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Investment focus

  • Industry: InsurTech, Software, Insurance
  • Stage:Seed, Series A
  • Geography: United Kingdom, Portugal, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $1.2M–$8M; Series A $7M–$16M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Drivit — Drivit turns any smartphone into a high-quality telematics device. Power your mobility app with features that will show you the best way to a safer, cheaper and more sustainable driving.
  • Fraudio — Fraudio is the ideal partner in Payment Fraud and AML Solutions. We will help you detect, on time, any possible fraudulent transaction.
  • MeetFrank — Find cool job offers with the MeetFrank recruitment app. Add your job offers to MeetFrank and hire top talent.
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Ideias Glaciares
Angel · 2 investments in Portugal Health Care startups

Ideias Glaciares

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Investment focus

  • Industry: Wellness, SaaS, Video
  • Stage:Pre-Seed, Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $250k–$1.4M; Pre-Seed $159k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 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.
  • 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.
  • MIGHTY — MIGHTY is a maker of healthy food fridges for the workplace. Their healthy food fridges use a software platform that organizes and coordinates logistics with local storage and distribution partners.
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Explorer Investments
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Health Care startups

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.

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Investment focus

  • Industry: Manufacturing, Retail, Textiles
  • Stage:Private Equity, Seed
  • Geography: Portugal, Spain, Brazil

Investor stats

  • Total investments: 53
  • Round size: Seed $2.1M–$4.7M
  • Lead/follow: 91% lead, 9% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • ETHIACK — Identify vulnerabilities before they get exploited. We combine Machine and Human Ethical Hacking for both in-depth and in-breadth security testing.
  • eSelf AI — eSelf AI redefines face-to-face interactions with human-like video conversations.
  • Portocanna — Portocanna is a medical cannabis company focused on processing and manufacturing EU-GMP-certified cannabis products.
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Casa Verde Capital
VC Fund · Los Angeles, California, United States · 1 investments in Portugal Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $2.5M–$14M; Series A $3.5M–$15M; Series B $15M–$38M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2020

Portfolio highlights

  • Growlink — Growlink offers advanced software and hardware solutions to streamline your grow operations. Automate climate, irrigation, and nutrient delivery while gaining valuable insights to boost yields, reduce waste, and ensure consistent quality. Discover how our tools can transform your cultivation process.
  • Frontier Risk — Frontier Risk is the first tech-enabled insurance brokerage for the cannabis sector, led by former executives from leading cannabis companies.
  • Prelude — Purpose-built to help cannabis dispensaries improve sales, profitability and cash flow by optimizing purchasing and inventory management
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Beta-i
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Health Care startups

Global innovation consultancy helping world-class companies design and scale collaborative, open and corporate innovation strategies, products and ecosystems.

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Investment focus

  • Industry: FinTech, Computer, Software
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
  • Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.
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Social Impact Fund
VC Fund · 1 investments in Portugal Health Care startups

SIF provides financial support for public charities & acts as a fiscal agent for charities and foundations.

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Investment focus

  • Industry: Apps, Video, Medical
  • Stage:Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 3
  • Round size: Seed $942k–$2.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Criam — CRIAM stands for Chemical Reaction and Image Analysis for Mobility. We are a Medtech startup born in January 2016 focused in the Point-of-Care diagnostic segment. Our mission is to provide fast, affordable and in-situ blood test analysis to empower people with instant information about their well-being and health conditions. With our device as aplatform approach we will be able to monitor, control and contain diseases worldwide.
  • MemoryWell — MemoryWell is a digital platform for storytelling that brings the skills of professional writers to the challenge of helping elders tell their life story. With MemoryWell+, you can build a collaborative timeline around that story, adding photos, videos, letters and documents. Everyone has a story, let us help you capture it.
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HTGF (High-Tech Gruenderfonds)
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 1 investments in Portugal Health Care startups

High-Tech Grunderfonds finances startups with growth potential. Its team of investment managers supports young companies with expertise, entrepreneurial spirit, and passion. The company focuses in the fields of digital tech, industrial tech, life sciences, chemistry, and related business areas. It also focuses on financial services in varioussectors.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 542
  • Round size: Seed $909k–$6.5M; Series A $3M–$33M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $522M in 2022

Portfolio highlights

  • Sdui — Sdui is the solution for mobile communication in schools. With amazingly easy features for messaging, timetables and a wide range of third party integrations, the app digitizes processes and reduces administrative effort. Within two years, Sdui has reached hundreds of institutions and grown a serious reputation in the educational market.
  • envelio — We are driving forward the energy transition with our smart grid solutions for grid operators. Get information now and plan smart!
  • Atriva Therapeutics — Therapies against viral infections. First-in-class host-targeting therapies to treat respiratory viral infections, including COVID-19 and influenza.
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StartUp Health
VC Fund · New York, New York, United States · 1 investments in Portugal Health Care startups

Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots

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Investment focus

  • Industry: Health Care, Wellness, Medical
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 194
  • Round size: Seed $100k–$4M; Pre-Seed $20k–$800k
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Jiseki Health — Jiseki is built on the belief that families and communities need and deserve a safety net, and to have peace of mind when things go wrong. We provide access and delivery of key advice, help, products and services through highly scalable SMS technology, powered by a combination of professionals and AI, and sold as a portable life benefit package..Text #help to 543210, to discover Jiseki services.
  • Biome Analytics — Biome is an analytic applications that help cardiovascular teams do their best work. It helps forward thinking hospitals profitably transition and thrive in the new world of healthcare. During COVID-19, Biome has focused on assessing hospital capacity.
  • NEXT Life Sciences — NEXT Life Sciences is developing the revolutionary Plan A™ procedure to bring the only scientifically proven technology in the category - Vasalgel® - to market.
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Jeremy Hendon
Angel · 1 investments in Portugal Health Care startups

Jeremy Hendon

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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EIT Health
VC Fund · Munich, Bayern, Germany · 1 investments in Portugal Health Care startups

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.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, Spain, Ireland

Investor stats

  • Total investments: 95
  • Round size: Seed $220k–$1.4M; Grant $22k–$1.6M; Pre-Seed $44k–$1.4M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • IDOVEN — IDoven develops products to detect heart problems at an early stage to prevent heart diseases.
  • eBreathie — eBreathie is a pioneering digital health startup offering an integrated asthma management solution. Our system comprises a smart inhaler (a medical device) that not only tracks WHEN patients take their medication but also HOW they do it, creating a detailed inhalation profile for each use. Paired with a user-friendly mobile app for patients and acomprehensive patient management platform for doctors, we provide real-time feedback on inhalation efficacy, ensuring patients and healthcare professionals have the insights needed for optimal asthma management. Leveraging IoT and AI, our goal is to reduce emergency visits, asthma attacks, and hospitalizations while ensuring effective inhalation techniques and optimal patient care.
  • Trak — Trak is a software tool for healthcare professional to provide AI-based tele-rehabilitation services like physiotherapy and others.
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Hugo Arevalo
Angel · Madrid, Madrid, Spain · 1 investments in Portugal Health Care startups

Hugo Arévalo is co-founder of Buytheface , Bright & Sharp , and Albau Ventures . In addition, he has invested in: Jobandtalent , Cabify , Ontruck and Deporvillage : and has led the 50M € round of Hawkers . One of its criteria is the qualification of management. Lately, it is focused on investing in marketplace, fintech and ecommerce, althoughit is open to any sector. Among his exits, Tuenti and Buytheface stand out .

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Investment focus

  • Industry: Software, Fashion, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Canada, Belgium

Investor stats

  • Total investments: 24
  • Round size: Seed $603k–$3.3M; Pre-Seed $549k–$4.1M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Cuimo — Cuimo is a motor company that offers transport, financing, and second hand motorcycle servicing.
  • Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
  • Omnia — Omnia is a platform built for SEO and marketing experts. Our platform helps you monitor citations and mentions across the most popular AI engines like ChatGPT. Perplexity, Cooole Gemini and Microsoft Copilot
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Nuno Job
Angel · London, England, United Kingdom · 1 investments in Portugal Health Care startups

Nuno Job is the co-founder of Decipad.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $1.9M–$5.3M; Pre-Seed $637k–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Replicate — Run open-source machine learning models with a cloud API
  • Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.
  • Swish Robotics — Embodied Intelligence for the Home
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Beta Capital
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Health Care startups

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

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 7
  • Round size: Seed $476k–$3.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zen8 — Explore Connected Swim Training at zwim.com. Smart Swim Trainer + data + immersive game = real swim power. Train at home, get faster in the water. Join the waitlist now.
  • LoopOS — LoopOS is a comprehensive Circular Economy ERP system designed to optimize and streamline multiple processes including buybacks, returns, trade-ins, repairs, and consumer-to-consumer transactions. It focuses on providing tools to measure the impact of the activities.
  • PFx Biotech — PFx Biotech transforms food through bioinnovation by creating sustainable and nutritional alternative protein solutions.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Portugal Health Care startups

Kiilto Ventures is a family-owned company. Kiilto invests strongly in growth and renewal, determined to keep on reinventing and challenging themselves beyond their present core business.

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Investment focus

  • Industry: Construction, CRM, Hospital
  • Stage:Seed
  • Geography: Finland, Portugal

Investor stats

  • Total investments: 5
  • Round size: Seed $823k–$2.2M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Delox — Delox is a spin-off of the Faculty of Sciences of the University of Lisbon (FCUL), whose goals consist in the design, development, and production of a vast portfolio of automatic biodecontamination robots. Target applications include the sterilization of medical devices in hospitals, health centers and field hospitals (for humanitarian missions,catastrophe situations, and war zones); room biodecontamination in hospitals, pharma, food industry and space; and laboratory equipment biodecontamination.
  • Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
  • Asumma Homes — Asumma Homes is a construction technology company that focuses on building a global brand in housing. It provides architectural design, configuration, customization, and construction engineering. Asumma Homes was founded in the year 2021.
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Vasco Lopes da Silva
Angel · 1 investments in Portugal Health Care startups

Vasco Lopes da Silva

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Investment focus

  • Industry: Health Care, Human Resources
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • MyCareforce — The platform that connects nurses to available shifts.
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Humberto Ayres Pereira
Angel · 1 investments in Portugal Health Care startups

Humberto Ayres Pereira - Founder & CEO @ Rows

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Investment focus

  • Industry: SaaS, Pet, Video
  • Stage:Pre-Seed, Seed
  • Geography: United States, Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $1.6M–$2.8M; Pre-Seed $1.3M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kombo — One unified API for HRIS, Payroll & ATS
  • Maven Pet — Maven is a SaaS pet tech startup that provides a personal vet to track the pet’s safety and health 24/7.It focuses on using technology to improve the quality of life for pets, as well as offering pet owners peace of mind and a way to keep track of their pet's safety, health, and well-being on a continual basis through their own personalveterinarian.It was started by the founders of Findster Technologies in 2021 and is based in Porto, Portugal.
  • MyCareforce — The platform that connects nurses to available shifts.
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Scott MacMillan
Angel · Toronto, Ontario, Canada · 1 investments in Portugal Health Care startups

Scott MacMillan

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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200M
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Health Care startups

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.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Therapeutics
  • Stage:Seed, Series A
  • Geography: Portugal, Brazil, France

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.
  • Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.
  • Sound Particles — A CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 1 investments in Portugal Health Care startups

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Germany, Finland, France

Investor stats

  • Total investments: 149
  • Lead/follow: no public data

Portfolio highlights

  • BTRY — BTRY is a spin-off of EMPA and ETH and is developing the industry's first energy-dense solid-state battery, using sophisticated semiconductor manufacturing technologies.
  • ALLSIDES — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Bionova Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Health Care startups

Bionova Capital, previously known as Hovione Capital, is a healthcare-focused venture capital firm, investing in early-stage life science companies. It was founded in 2015 by the shareholders of Hovione, one of the largest pharmaceutical companies in Portugal, with manufacturing and research operations in USA, Ireland, China and Portugal. BionovaCapital invests in groundbreaking therapeutics, medtech and digital health startups across Europe.

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Investment focus

  • Industry: Biotechnology, Hospital, Health Care
  • Stage:Seed
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $329k–$1.7M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Vaxdyn — Preventing the next global health crisis Our mission is to prevent and alleviate the global health crisis caused by the pathogenic bacteria resistant to ant ...
  • CellmAbs — Pharmaceutical Company, Biotechnology
  • Adapttech — Adapttech is a biomedical company that uses innovative, smart and wearable technologies to deliver full adaptation and comfort to people with physical limitations.
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M4 Ventures
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Health Care startups

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

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Investment focus

  • Industry: FinTech, Payments, Mobile Payments
  • Stage:Seed
  • Geography: Portugal, United Kingdom, United Arab Emirates

Investor stats

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

Portfolio highlights

  • Modatta — Your data is worth a fortune, so why aren't you getting paid? Now you can. Monetize your data. Decide who uses it and why. Bring fairness to the system.
  • PayNest — PayNest is a payments amalgamator, which was created with the core mission of digitizing cash collection in the Middle East.
  • Paynest — Hello, we are Paynest! An innovative online platform with a very important mission: to give every employee the tools to master financial wellness and build a resilient future. Instant wage access, financial education and mentoring by professional financial coaches are the main benefits we bring on the table.Our co-partners in this mission will bethe pioneering employers: the minds who have an insightful and special way of thinking. Those who believe that their teams’ wellness is a top priority and want to see their employees evolve both professionally and personally. Together we will provide independence and safety to every employee. And that’s just the beginning! We are here to grow with you.50% of employees confirm that they are unable to fund a financial emergency. This is something that “produces” a never-ending sense of financial stress. Studies show that the demanding modern life and the global political and economical changes make every employee worry about the future. In Paynest we believe that it's vital for employees to have instant wage access whenever they want to. The result will be less everyday stress, more focus and boosted morale.In Paynest we believe that if you take action today, you can dream of tomorrow.And that is something that works both for every employer and every employee around the world.
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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Health Care startups

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

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $478k–$1.6M; Pre-Seed $165k–$1.1M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
  • Relive — Relive is empowering the next generation of real estate entrepreneurs, with a mobile app that allows them to work for themselves, from anywhere, while saving time and earning commissions faster.
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Job van der Voort
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal Health Care startups

Job van der Voort is the Co-founder and CEO of Remote. He previously worked at GitLab as a VP of Product. Job van der Voort attended the University of Amsterdam.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United States, Canada

Investor stats

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

Portfolio highlights

  • Palm — Cash Management for the Modern Treasury
  • Kota — Replace your tools, brokers and outdated processes with the only platform that handles the entire employee benefits journey.
  • The Network — A people search engine by The Network
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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Health Care 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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MS&AD Ventures
VC Fund · Menlo Park, California, United States · 1 investments in Portugal Health Care startups

MS&AD Ventures is a corporate venture capital firm set upby MS&AD Insurance Group Holdings as its affiliated company.

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Investment focus

  • Industry: FinTech, Financial Services, Insurance
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, Singapore

Investor stats

  • Total investments: 130
  • Round size: Seed $2.9M–$15M; Series A $5.2M–$27M; Series B $15M–$58M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Marble — Members earn up to 5% back for organizing all their existing insurance policies on Marble.
  • Kountable Inc. — Kountable delivers trust, transparency and auditability with data driven insights from transactions with SMEs and enterprise level suppliers and buyers.
  • Artificial Labs — Build your future placement and underwriting strategy with Artificial's pioneering technology.
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Draper Startup House Ventures
VC Fund · San Mateo, California, United States · 1 investments in Portugal Health Care startups

Ventures | Draper Startup House

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Investment focus

  • Industry: Software, FinTech, Analytics
  • Stage:Pre-Seed, Seed
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 28
  • Round size: Seed $875k–$4.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Manolin — Manolin is the leading aquaculture management platform to accelerate data insights and aquaculture intelligence for global fish farms and suppliers.
  • Giftpack — Built for marketers, sales, HR, and customer teams to drive retention, loyalty, and growth at scale with AI.
  • PharmInt — A fully integrated B2B Pharmaceutical Products MarketplaceAt Pharmint, we bring together everything that’s required to procure pharma products globally under one roof. We help suppliers get discovered, negotiate prices, and seal the trade terms whereas we help our buyers by vetting all documentation and holding their payments in escrow till theirshipments are delivered and verified.A technology first approach to solving counter-party risk Experience true peace of mind as a buyer as we do the heavy lifting for you. Get access to thousands of verified sellers from across the world while our trade and escrow services ensure that your purchases are protected.Get the best prices & selection of products Our vast network of over 500 verified and onboarded suppliers with a catalogue of over 10,000 products ensures we serve all buyer needs across various MOQ and pricing banHow it works:From product discovery to product deliveryWe assist you in discovering new products, matching with potential qualified manufacturers, and making the deals happen.1. Discover new productsSearch for the high-potential products in the largest human-curated CTD database. Narrow your search applying the industry-specific filter that helps sort products by GMP approvals, country of origin, dossier type, dossier status, stability, and other valuable features.2. Get offers from manufacturers3. Connect with qualified manufacturers directlyThe largest database Simplify product discovery, reduce business development effort and costs with access to an expert curated up-to-date CTD dossier database.Direct supplier relations We enjoy direct working relations with platform manufacturers. We’ll provide the best conditions to negotiate your deal details and use our authority to make the deal happen.Vetted products We match customers only with qualified manufacturers. Our marketplace features only vetted products with up-to-date regulatory data.Industry expertise Pharmint is backed by in-depth understanding of the pharmaceutical market by its founders and associates and a strong track-record in the pharmaceutical industry.Commercial guidance We assist our customers in preparing the deal structure, evaluate annual forecasts and pricing, regulatory requirements and cover other aspects in bringing new products to market.Self-service 24/7 Buyers can search for products, make multiple RFQs, receive commercial offers, negotiate deals and build their pipeline. Sellers can manage an unlimited number of products and indicate market availability at any time.
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Boost VC
VC Fund · San Mateo, California, United States · 1 investments in Portugal Health Care startups

Boost VC: The Pre-Seed Fund Making Sci-FI a Reality. Investing in crypto, virtual reality, augmented reality, AI, Ocean Tech, Space Tech, human augmentation, exoskeletons and more.

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Investment focus

  • Industry: Software, Blockchain, Virtual Reality
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 224
  • Round size: Seed $455k–$6.1M; Pre-Seed $75k–$2.4M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • SKETCHAR.io — Sketchar is the ultimate AR drawing app for art creation, learning to draw, and collaborating with 12M people. Try now!
  • Candlestick.io — Advanced crypto trading with smart money tracking and DeFi analytics
  • Space DOTS — SKY-I, by SpaceDOTS, transforms fragmented space environmental data into unified, mission-critical intelligence that enables confident decision-making across the entire space mission lifecycle.
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Boehringer Ingelheim Venture Fund
VC Fund · Ingelheim Am Rhein, Rheinland-Pfalz, Germany · 1 investments in Portugal Health Care startups

Discover Boehringer Ingelheim Venture Fund. We invest in groundbreaking science to transform care. Explore our mission and join us in advancing medicine

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Switzerland

Investor stats

  • Total investments: 94
  • Round size: Seed $1.3M–$20M; Series A $3.8M–$34M; Series B $11M–$50M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $250M in 2018

Portfolio highlights

  • Perfood — Perfood is a digital therapeutic startup that identifies what actions need to take on a personalized level, to prevent or fight diseases. Using sensors, lab results, and holistic analyses, they derive therapeutic angles and deliver them in a slick, easy-to-use way, making them accessible for all patients. They call this approach digitaltherapeutics. A digital solution that is just as effective as a drug. But without side effects.
  • Brainomix — Since launching as a spin-out from the University of Oxford in 2010, Brainomix has developed award-winning, AI-powered imaging biomarkers, assisting physicians across the world to make better life-saving decisions. Brainomix seminal product, e-Stroke is a collection of tools that use state-of-the-art AI algorithms to support doctors by providingreal-time interpretation of brain scans to help guide treatment and transfer decisions for stroke patients, allowing more patients to get the right treatment, in the right place, at the right time.
  • Rinri Therapeutics — Rinri Therapeutics has been founded on pioneering research into auditory stem cells led by Professor Marcelo Rivolta at the University of Sheffield.
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Boule Diagnostics
VC Fund · Spånga, Skane Lan, Sweden · 1 investments in Portugal Health Care startups

Boule develops, manufactures, and markets hematology analyzers for both human and veterinary markets. Read more about us here.

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Investment focus

  • Industry: Medical, Health Care, Medical Device
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Biosurfit — At biosurfit they are working to shape the future of in-vitro diagnostic testing. They want health providers to have all the necessary information to make the best possible diagnostic and treatment decision when they are with their patients
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Pathena
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Health Care startups

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

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Investment focus

  • Industry: B2B, Marketing, Advertising
  • Stage:Series A, Seed, Series C
  • Geography: Portugal, Germany

Investor stats

  • Total investments: 8
  • Round size: Seed $1.4M–$3.3M; Series A $4.4M–$30M; Series C $39M–$39M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BIZAY / 360imprimir — • Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years.• Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s.• Started on printing, packaging, textile andprofessional products and now applying the same model in furniture, food and 3D printing (amongst others).• 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes.• Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers).• Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries.• 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA).• In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics.
  • Promptly — Health Analytics Patient Report Outcomes, Health Care, Value based health
  • NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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Green Innovations
VC Fund · 1 investments in Portugal Health Care startups

International, Life Sciences, Biotechnology

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Investment focus

  • Industry: Medical, Genetics, Health Care
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • CBR Genomics — We apply our end-to-end solutions to hand genetic reports at the clinical desk. We make Genomics accessible!
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Michael Chang
Angel · 1 investments in Portugal Health Care startups

Michael Chang

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Investment focus

  • Industry: Apps, Fitness, Big Data
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Virtuleap — Virtuleap combines neuroscience and virtual reality to help increase attention levels, and address cognitive illnesses, disorders, and learning challenges. We have created a library of VR games designed by neuroscientists in order to test and train a range of cognitive abilities and make that data accessible through our enterprise platform. Ourfirst paid client is the AARP, and we are now working with leading institutions, like the VA Health Care System and the Pacific Brain Health Center, to validate our solution as an effective diagnostic and treatment for attention deficit and cognitive decline.
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Deepinder Goyal
Angel · New Delhi, Delhi, India · 1 investments in Portugal Health Care startups

Deepinder Goyal, Founder & CEO, Zomato, is the Founder and CEO of Zomato. Prior to starting Zomato, Deepinder worked as a management consultant with Bain and Company in New Delhi. It was at Bain that Deepinder conceived the idea of an online restaurant information service after seeing the demand for menu cards among his colleagues. He left Bainin 2008 to start Zomato (then foodiebay) out of his apartment and has since overseen strategy and product development. Deepinder graduated with a Mathematics and Computing degree from IIT Delhi in 2005 and hails from Muktsar in Punjab.

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Investment focus

  • Industry: Health Care, E-Commerce, Wellness
  • Stage:Seed, Series B, Pre-Seed
  • Geography: India, United States, Portugal

Investor stats

  • Total investments: 29
  • Lead/follow: no public data

Portfolio highlights

  • Vayudh — Vayudh's aim is to create next-generation nanodrones and swarming technologies for modern defense and security applications.
  • LAT Aerospace — Pushing the limits of aerospace engineering in speed, innovation, and accessibility.
  • Sparkl Edventure — Sparkl Edventure is a platform that tailors one-on-one tutoring for students navigating the international waters of IB and Cambridge curricula.
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Health Care Investor funding in Portugal at a glance

Stats across 76 deals from 63 investors.

63
investors
in Portugal Health Care startups
76
deals
in Portugal Health Care startups
$476k
median round
in Portugal Health Care startups
44%
lead investors
lead at least one round
42%
Seed
most common funding stage
92/8
VC / Angel
share of investor count

Access all 63 investors in Portugal Health Care startups.

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