Top 10 Hospitality VC Funds &amp; Investors in Portugal (September 2026)

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

Investment focus

Industry: Software, Information Technology, Artificial Intelligence
Stage:Seed, Venture - Series Unknown, Pre-Seed
Geography: Portugal, United States, France

Investor stats

Total investments: 361
Round size: Seed $121k–$2M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
Lead/follow: 16% lead, 84% follow
Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

Omniflow — Omniflow provides solutions powered by wind and solar for public spaces, Smart Lamppost, Smart Bench, Solar Smart Lighting, IoT Software, , Smart Pole, Smart City, Sustainability, CO2 reduction, decarbonization, Sustainable services
Unlockit — Unlockit will offer to public and governmental bodies the guarantee that everything within a real estate transaction is recorded, meaning better industry regulation, more taxes and public fees collected, and less overall fraud and money laundering activities.
GRAPHENEST — Graphenest is a nanotechnology company focused on high-value graphene-based solutions for advanced composites and functional coatings & inks markets.

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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.

Investment focus

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

Investor stats

Total investments: 117
Round size: Seed $520k–$3.9M; Series A $4M–$17M
Lead/follow: 36% lead, 64% follow
Last fund: Likely actively investing — fresh fund, raised $138M in 2025

Portfolio highlights

Airflows — Airflows is a platform offering private AI solutions for back-office operations, enabling the creation of applications, workflows, and agent assistants from documents, rules, and approvals while maintaining full control, auditability, and integration with existing systems like ERP, ECM, and BPM.
Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
DOJO AI — The only tool you need to grow your Brand.

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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.

Investment focus

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

Investor stats

Total investments: 87
Round size: Seed $111k–$3M; Pre-Seed $108k–$1.7M; Series A $3M–$12M
Lead/follow: 21% lead, 79% follow

Portfolio highlights

Growappy — Growappy is an EdTech that offers an all-in-one platform for early education that is leading a vision to unlock personalized education since nursery with the power of AI, while providing a revolutionary communication experience between schools and families and drastically simplifying bureaucracy for teachers and school owners.
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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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.

Investment focus

Industry: Software, Information Technology, Analytics
Stage:Seed, Pre-Seed, Venture - Series Unknown
Geography: Portugal, Germany, Lithuania

Investor stats

Total investments: 43
Round size: Seed $250k–$5.3M; Pre-Seed $118k–$1.5M
Lead/follow: 12% lead, 88% follow

Portfolio highlights

DoJob.ai — Hybrid Intelligence Innovation Project
OSCAR — OSCAR offers a variety of fixed-price home services, including maintenance, cleaning, laundry, and beauty services, all accessible through a user-friendly app. Customers can easily schedule appointments for these services, with options available for immediate bookings. Additionally, OSCAR provides repair services for household appliances likewashing machines and boilers, ensuring convenience for users. The platform streamlines the process of finding and scheduling necessary home services, catering to the needs of busy individuals and families. Through its comprehensive service offerings, OSCAR simplifies home management for its users.
Fluxe Insurance Software — FLUXE develops AI software based to build digital tools for claim automation aligned with the challenges of the insurance industry!

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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.

Investment focus

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

Investor stats

Total investments: 172
Round size: Seed $100k–$4.9M; Pre-Seed $100k–$1.5M; Series A $2.3M–$18M
Lead/follow: 13% lead, 87% follow
Last fund: Likely actively investing — fresh fund, raised $2.8M in 2026

Portfolio highlights

Belo — Crypto for everyone, everyday
Senticell — Senticell is a biotechnology and molecular diagnostics company developing a breakthrough platform that uses red blood cell (RBC) DNA and cfDNA analysis to revolutionize non-invasive disease detection. The research demonstrates that RBCs act as immune-responsive biosensors, capable of carrying molecular and genetic biomarkers from across the body -unlocking a powerful and previously untapped gateway for liquid biopsy and precision diagnostics. By harnessing this cellular intelligence, we enable early disease detection, biomarker discovery and AI-driven diagnostic insights to support precision medicine and personalised treatment outcomes.
Sidekick — Expertly-managed portfolios for the modern investor

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Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

Investment focus

Industry: Artificial Intelligence, Software, FinTech
Stage:Pre-Seed, Seed
Geography: United States, Canada, United Kingdom

Investor stats

Total investments: 194
Round size: Seed $142k–$2.5M; Pre-Seed $20k–$1.2M
Lead/follow: 12% lead, 88% follow
Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

Dehurdle — Practice high-stakes conversations with real-time AI. Instant speaking pace and competency feedback with zero voice storage.
Vireo Capital — Vireo provides software for deal diligence, fund administration, and portfolio monitoring at private market investment firms.
Hyperbond Studio — Hyperbond Studio builds AI-driven games and interactive experiences, including the Call Me Sensei app. We combine technology and emotion to create unforgettable digital worlds.

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

Investment focus

Industry: Fitness, Software, Wellness
Stage:Private Equity, Series A, Series E
Geography: Portugal, Spain, United States

Investor stats

Total investments: 11
Round size: Private Equity $8.6M–$12M
Lead/follow: 36% lead, 64% follow

Portfolio highlights

Feedzai — Stop financial crime before it happens. Feedzai's AI-powered platform detects and prevents fraud, money laundering, and other risks across all channels.
Automaise — AI Agents that automate, assist, and accelerate customer service operations. See how Automaise helps enterprise teams resolve more, escalate less, and deliver results within weeks.
Sword Health — Sword delivers AI Care with clinical oversight to prevent pain, support recovery, and promote whole-body health. Trusted by employers and health plans.

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

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Seed, Series A, Pre-Seed
Geography: Poland, United States, Germany

Investor stats

Total investments: 89
Round size: Seed $40k–$3.2M; Pre-Seed $100k–$776k; Series A $4.5M–$10M
Lead/follow: 13% lead, 87% follow
Last fund: May invest from a new fund soon — raised $13M in 2011

Portfolio highlights

Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
AI Clearing — AI-powered platform for construction progress tracking and quality control, supporting contractors and asset owners in energy, utilities, infrastructure, and civil construction projects.
Meisterwerk — Meisterwerk provides a SaaS operating system for SMB field service and craftsman companies. They offer services that include operational planning, mobile time tracking, digital forms, information exchange, and their own workflows. Meisterwerk helps to communicate between the office and the workforce.

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

Investment focus

Industry: Software, Biotechnology, Health Care
Stage:Seed, Venture - Series Unknown
Geography: Portugal, Spain, Brazil

Investor stats

Total investments: 17
Round size: Seed $476k–$3.1M
Lead/follow: 6% lead, 94% 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.
Nutrium — Nutrium is the most up-to-date nutrition software for dietitians and nutritionists to manage their nutrition business with nutritional assessment, meal planning and progress tracking.
PFx Biotech — PFx Biotech transforms food through bioinnovation by creating sustainable and nutritional alternative protein solutions.

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