# Top 50 Health Care VC (Venture Capital) Funds in Portugal in June 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 30 - 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 ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 9 - 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. ## Caixa Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 7 - 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. ## Bynd Venture Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 7 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Health Care Bynd is a leading Iberian Venture Capital firm ## Shilling VC - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 6 - 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. ## Demium Capital - Type: VC Fund - Location: Valencia, Comunidad Valenciana, Spain - Relevant deals: 5 - Stages: Pre-Seed, Seed, Series A - Focus: Software, FinTech, Health Care 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 ## Vesalius Biocapital Partners - Type: VC Fund - Location: Strassen, Luxembourg, Luxembourg - Relevant deals: 4 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Medical 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. ## Olisipo Way - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - 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. ## Iberis Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - Stages: Series A, Seed - Focus: Software, Information Technology, SaaS Iberis is an investment manager that operates a value-oriented investment management. ## TheVentureCity - Type: VC Fund - Location: Miami, Florida, United States - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Artificial Intelligence 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. ## TrulyMad - Type: VC Fund - Relevant deals: 2 - Stages: Pre-Seed - Focus: Beauty, Fitness, Wellness TrulyMad Business Accelerator ## Explorer Investments - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 2 - Stages: Private Equity, Seed - Focus: Manufacturing, Retail, Textiles 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. ## SOSV - Type: VC Fund - Location: Princeton, New Jersey, United States - Relevant deals: 2 - Stages: Seed, Convertible Note, Pre-Seed - Focus: Biotechnology, Health Care, Software 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. ## BREEGA - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, FinTech, Financial Services 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. ## MSM - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Information Technology, Software, B2B MSM is a 45M€ early-stage impact VC fund. We invest in brave founders solving the world’s biggest social and environmental challenges. ## Brighteye Ventures - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Education, Software, E-Learning 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! ## Start Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: InsurTech, Software, Insurance BiG Start Ventures is an early-stage VC investing globally in B2B Fintech, Insurtech, Regtech and Cybersecurity. Onetier Partners, SCR, S.A. ## Critical Ventures - Type: VC Fund - Location: Coimbrã, Leiria, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: Medical, Computer, Genetics We invest in game-changing companies with the power to transform the way the world uses technology. ## Lince Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Venture - Series Unknown - Focus: E-Commerce, Information Technology, Retail 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. ## Artesian VC - Type: VC Fund - Location: Melbourne, Victoria, Australia - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Health Care Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund. ## Boehringer Ingelheim Venture Fund - Type: VC Fund - Location: Ingelheim Am Rhein, Rheinland-Pfalz, Germany - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Therapeutics Discover Boehringer Ingelheim Venture Fund. We invest in groundbreaking science to transform care. Explore our mission and join us in advancing medicine ## Bionova Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Biotechnology, Hospital, Health Care 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. ## M4 Ventures - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: FinTech, Payments, Mobile Payments M4 Ventures helps startups to grow and expand globally through experience and hands-on collaboration. ## Green Innovations - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Medical, Genetics, Health Care International, Life Sciences, Biotechnology ## LC Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series D - Focus: Information Technology, Artificial Intelligence, SaaS 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. ## WISENEXT - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - 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. ## Indico Capital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - 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. ## Casa Verde Capital - Type: VC Fund - Location: Los Angeles, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Cannabis, Software, Health Care 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. ## ChangePartners - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Medical, Therapeutics, Biotechnology ChangePartners is an independent company dedicated to mid-size transactions in the Iberian market. They develop high value added solutions specific to each particular situation , offering a fair and unbiased opinion. Their independence guarantees no conflicts of interest. Their small size and focus ensures full dedication to each transaction. ## 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 ## 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. ## StartUp Health - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Health Care, Wellness, Medical Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots ## Draper Startup House Ventures - Type: VC Fund - Location: San Mateo, California, United States - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Software, FinTech, Analytics Ventures | Draper Startup House ## Stableton Financial - Type: VC Fund - Location: Zug, Zug, Switzerland - Relevant deals: 1 - Stages: Secondary Market, Series C, Series D - Focus: FinTech, E-Commerce, Financial Services Explore private blue-chip tech investment opportunities with Stableton. Diversify your portfolio with top private tech companies, offering liquidity, transparency, and growth potential. ## Beta Capital - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Software, Health Care, Biotechnology We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory. ## Nina Capital - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Health Care, Artificial Intelligence, Software We deploy early stage capital to fuel the growth of need-driven health technology companies. ## Redstone.VC - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, Health Care The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists. ## CTT - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Pre-Seed - Focus: Virtual Assistant, Assistive Technology, Artificial Intelligence CTT is principally engaged in the provision of courier services. ## Social Impact Fund - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Apps, Video, Medical SIF provides financial support for public charities & acts as a fiscal agent for charities and foundations. ## HTGF (High-Tech Gruenderfonds) - Type: VC Fund - Location: Bonn, Nordrhein-Westfalen, Germany - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Biotechnology, Information Technology 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. ## Boost VC - Type: VC Fund - Location: San Mateo, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Blockchain, Virtual Reality 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. ## MS&AD Ventures - Type: VC Fund - Location: Menlo Park, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Insurance MS&AD Ventures is a corporate venture capital firm set upby MS&AD Insurance Group Holdings as its affiliated company. ## 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. ## 200M - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - 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. ## Kiilto Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed - Focus: Construction, CRM, Hospital 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. ## Beta-i - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Pre-Seed - Focus: FinTech, Computer, Software Global innovation consultancy helping world-class companies design and scale collaborative, open and corporate innovation strategies, products and ecosystems. ## Torrey Pines Investment - Type: VC Fund - Location: San Diego, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Biotechnology, Health Care, Pharmaceutical Torrey Pines Investment, founded in 2002, is a specialty life-science investment company located in San Diego.Torrey Pines has a team of investment professionals with extensive experience in entrepreneurship, venture capital and operations. Our firm has created biopharma incubators investing in early development stage assets from internationalpharma and biotech partners in CNS, oncology, and virology areas to bring them to commercial success through pharma partnering and M&A.We are committed to capitalizing on the unique opportunities in biotech and pharma, where we can add value in development or regulatory strategy by utilizing resources of our portfolio CRO companies. We seek to leverage our industry knowledge, network of industry and financial contacts, and internal resources to assist our portfolio management in developing and executing their business strategy. Our bottom line is to help our companies achieve growth, build value and realize wealth. ## Biovance Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Series A - Focus: Medical, Biotechnology, Product Research Biovance Capital is a new € 51M fund to invest in early-stage biotech companies across Europe developing innovative therapeutics in all disease areas and drug modalities (small and large molecules, vaccines, cell, and gene therapies). ## DREAMS.VENTURES - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Health Care, Mental Health At DREAMS.VENTURES, we believe in the power of transformative ideas. We are an early-stage venture capital firm primarily focused on seed investments in groundbreaking startups that have the potential to reshape industries and create meaningful impact. Our mission is to identify, support, and accelerate visionary entrepreneurs who are buildingsolutions for tomorrow's challenges. We provide not just financial backing, but strategic guidance, industry connections, and operational expertise to help turn ambitious ideas into successful businesses. ## OrbiMed - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Biotechnology, Health Care, Medical Leading Global Healthcare Platform with Deep Proprietary Resources and Global Industry Coverage.