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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Portugal Ventures | 30 | Portugal, United States, France | Seed, Pre-Seed | Software, Information Technology, Health Care |
| Armilar Venture Partners | 9 | Portugal, United States, United Kingdom | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Caixa Capital | 7 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, SaaS |
| Bynd Venture Capital | 7 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Software, SaaS, Health Care |
| Shilling VC | 6 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Information Technology, Software, Internet |
| Demium Capital | 5 | Spain, Portugal, Poland | Pre-Seed, Seed, Series A | Software, FinTech, Health Care |
| Vesalius Biocapital Partners | 4 | Belgium, Germany, France | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Olisipo Way | 3 | Portugal, Lithuania | Pre-Seed, Seed | Software, FinTech, Marketplace |
| Iberis Capital | 3 | Portugal, Spain, United States | Series A, Seed | Software, Information Technology, SaaS |
| TheVentureCity | 3 | United States, Spain, Brazil | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| TrulyMad | 2 | Portugal | Pre-Seed | Beauty, Fitness, Wellness |
| Explorer Investments | 2 | Portugal, Spain, Brazil | Private Equity, Seed | Manufacturing, Retail, Textiles |
| SOSV | 2 | United States, India, United Kingdom | Seed, Convertible Note, Pre-Seed | Biotechnology, Health Care, Software |
| BREEGA | 2 | France, United Kingdom, United States | Seed, Series A | Software, FinTech, Financial Services |
| MSM | 2 | United Kingdom, Portugal, Germany | Seed, Pre-Seed, Series A | Information Technology, Software, B2B |
| Brighteye Ventures | 2 | United Kingdom, France, Spain | Seed, Series A, Pre-Seed | Education, Software, E-Learning |
| Start Ventures | 2 | United Kingdom, Portugal, United States | Seed, Series A | InsurTech, Software, Insurance |
| Critical Ventures | 2 | Portugal, United States | Seed, Series A | Medical, Computer, Genetics |
| Lince Capital | 2 | Portugal, United Kingdom, Malta | Seed, Venture - Series Unknown | E-Commerce, Information Technology, Retail |
| Artesian VC | 1 | Australia, United States, Hong Kong | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Health Care |
| Boehringer Ingelheim Venture Fund | 1 | United States, Germany, Switzerland | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Bionova Capital | 1 | Portugal, United Kingdom | Seed | Biotechnology, Hospital, Health Care |
| M4 Ventures | 1 | Portugal, United Kingdom, United Arab Emirates | Seed | FinTech, Payments, Mobile Payments |
| Green Innovations | 1 | Portugal | Series A | Medical, Genetics, Health Care |
| LC Ventures | 1 | Portugal, China, Poland | Seed, Pre-Seed, Series D | Information Technology, Artificial Intelligence, SaaS |
| WISENEXT | 1 | Portugal, United States | Seed, Pre-Seed | Software, SaaS, Internet |
| Indico Capital Partners | 1 | Portugal, United States, Spain | Seed, Series A, Pre-Seed | Information Technology, E-Commerce, B2B |
| Casa Verde Capital | 1 | United States, Germany, Canada | Seed, Series A, Series B | Cannabis, Software, Health Care |
| ChangePartners | 1 | Portugal | Seed | Medical, Therapeutics, Biotechnology |
| Ganexa Capital | 1 | Portugal, United States, United Kingdom | Seed, Pre-Seed | Fitness, Wellness, Health Care |
| EIT Health | 1 | United Kingdom, Spain, Ireland | Grant, Pre-Seed, Seed | Health Care, Medical Device, Medical |
| StartUp Health | 1 | United States, Canada, United Kingdom | Seed, Pre-Seed | Health Care, Wellness, Medical |
| Draper Startup House Ventures | 1 | United States, Singapore, Australia | Pre-Seed, Seed | Software, FinTech, Analytics |
| Stableton Financial | 1 | United States, Germany, Switzerland | Secondary Market, Series C, Series D | FinTech, E-Commerce, Financial Services |
| Beta Capital | 1 | Portugal, United Kingdom | Seed | Software, Health Care, Biotechnology |
| Nina Capital | 1 | United States, United Kingdom, Germany | Seed, Pre-Seed, Series A | Health Care, Artificial Intelligence, Software |
| Redstone.VC | 1 | Germany, Finland, Switzerland | Seed, Series A, Pre-Seed | Software, Information Technology, Health Care |
| CTT | 1 | Portugal | Pre-Seed | Virtual Assistant, Assistive Technology, Artificial Intelligence |
| Social Impact Fund | 1 | Portugal, United States | Seed | Apps, Video, Medical |
| HTGF (High-Tech Gruenderfonds) | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Biotechnology, Information Technology |
| Boost VC | 1 | United States, Canada, United Kingdom | Seed, Pre-Seed | Software, Blockchain, Virtual Reality |
| MS&AD Ventures | 1 | United States, Germany, Singapore | Seed, Series A, Series B | FinTech, Financial Services, Insurance |
| Pathena | 1 | Portugal, Germany | Series A, Seed, Series C | B2B, Marketing, Advertising |
| 200M | 1 | Portugal, Brazil, France | Seed, Series A | Health Care, Artificial Intelligence, Retail |
| Kiilto Ventures | 1 | Finland, Portugal | Seed | Construction, CRM, Hospital |
| Beta-i | 1 | Portugal | Pre-Seed | FinTech, Computer, Software |
| Torrey Pines Investment | 1 | United States, Russian Federation, The Netherlands | Seed, Pre-Seed | Biotechnology, Health Care, Pharmaceutical |
| Biovance Capital | 1 | Portugal, The Netherlands | Seed, Series A | Medical, Biotechnology, Product Research |
| DREAMS.VENTURES | 1 | Portugal | Seed | Health Care, Mental Health |
| OrbiMed | 1 | United States, China, Israel | Series B, Series A, Series C | Biotechnology, Health Care, Medical |