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Top 45 Impact VC Funds & Investors in Portugal (August 2026)

The most active venture capital funds investing in Portugal Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Impact 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
21 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $107k–$2M
HCapital Partners
VC Fund
5 Portugal, Italy, Spain Seed, Series A Software, Power Grid, Artificial Intelligence $1.2M–$9.5M
Caixa Capital
VC Fund
5 Portugal, United States, Spain Seed, Series A, Series B Software, Information Technology, Health Care $120k–$23M
MSM
VC Fund
3 United Kingdom, Portugal, Germany Seed, Pre-Seed, Series A Information Technology, E-Commerce, B2B $244k–$52M
Black and Blue Investimentos
VC Fund
2 Portugal Seed, Series A Solar, Power Grid
Critical Software
VC Fund
2 Portugal Pre-Seed FinTech, CleanTech, Crowdfunding $244k–$244k
LC Ventures
VC Fund
2 Portugal, United Kingdom, Poland Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $11k–$12M
BlueCrow Capital
VC Fund
2 Portugal, United Kingdom, Spain Venture - Series Unknown, Seed, Series A Information Technology, SaaS, Manufacturing $697k–$18M
L-Bank
VC Fund
1 Germany, Taiwan, Portugal Pre-Seed, Series A Information Technology, Software, Manufacturing $212k–$72M
Lince Capital
VC Fund
1 Portugal, United Kingdom, United States Seed, Venture - Series Unknown, Series A Artificial Intelligence, E-Commerce, Information Technology $859k–$16M
Crayhill Capital Management
VC Fund
1 United States, United Kingdom, Canada Debt Financing, Series A, Private Equity Renewable Energy, Solar, Energy $100M–$250M
Finacity
VC Fund
1 Portugal, United States Debt Financing Aerospace, Automotive, Manufacturing $15M–$175M
Faber
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $29k–$25M
Magnify Partners
VC Fund
1 Portugal Private Equity, Venture - Series Unknown Battery, Software, Consulting
European regional development fund (ERDF)
VC Fund
1 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$2.2M
200M
VC Fund
1 Portugal, Brazil, France Seed, Series A Health Care, Artificial Intelligence, Apps $2.7M–$6.5M
Armilar Venture Partners
VC Fund
1 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $520k–$17M
COREangels
VC Fund
1 Spain, United States, Portugal Seed, Pre-Seed, Series A Software, Information Technology, SaaS $124k–$17M
Mota-Engil
VC Fund
1 Portugal Seed Solar, Power Grid
Credito Agricola
VC Fund
1 Portugal, United Kingdom Series D, Debt Financing Solar, Banking, FinTech
Santander Asset Management
VC Fund
1 Portugal, Italy, Sweden Series B, Seed Clean Energy, Renewable Energy, Energy $11M–$62M
Criteria Venture Tech
VC Fund
1 Spain, United States, United Kingdom Seed, Series A Software, Biotechnology, E-Commerce $256k–$21M
Shilling VC
VC Fund
1 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
GED Ventures Portugal
VC Fund
1 Portugal, France, Germany Seed, Venture - Series Unknown, Pre-Seed Software, Artificial Intelligence, Health Care $1.5M–$38M
Verdane
VC Fund
1 Sweden, Norway, Germany Private Equity, Venture - Series Unknown Software, E-Commerce, Information Technology $5.3M–$116M
Bynd Venture Capital
VC Fund
1 Portugal, Spain, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $483k–$50M
Acumen
VC Fund
1 United States, India, Kenya Seed, Series A Agriculture, Solar, Financial Services $300k–$12M
Wayra
VC Fund
1 Spain, United Kingdom, United States Seed, Series A Software, Information Technology, SaaS $103k–$16M
Techstars Autonomous Technology
VC Fund
1 Portugal Seed, Pre-Seed CleanTech, Manufacturing, Nanotechnology $120k–$120k
Buenavista Equity Partners
VC Fund
1 Spain, Ecuador, Romania Private Equity, Seed, Series A Biotechnology, Health Care, Restaurants $2M–$50M
Teak Capital
VC Fund
1 Malaysia, Portugal, United States Seed, Series D Baby, Biofuel, Children
Inclimo Climate Tech Fund
VC Fund
1 Spain, Sweden, Denmark Series A, Venture - Series Unknown, Seed Software, Transportation, Energy $1.4M–$8.4M
Investeco Capital
VC Fund
1 Canada, United States, Portugal Seed, Series A Food and Beverage, Organic Food, Manufacturing $250k–$14M
MCA CVC funds
VC Fund
1 Portugal Seed Solar, Power Grid
InterCapital
VC Fund
1 United Kingdom, Portugal Seed SaaS, Human Resources, Biofuel
Egis
VC Fund
1 Portugal Series A Energy, Renewable Energy, Natural Resources
Climate-KIC
VC Fund
1 Germany, Italy, Switzerland Seed, Grant, Convertible Note CleanTech, Sustainability, GreenTech $13–$1.8M
Schneider Electric Energy Access Asia
VC Fund
1 India, Australia, France Seed, Series A Renewable Energy, Energy, Solar $1M–$16M
Heartfelt Capital
VC Fund
1 Germany, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Artificial Intelligence $537k–$6.2M
G7 Renewable Energies
VC Fund
1 Portugal Series A Energy, Renewable Energy, Natural Resources
Betwixt Ventures
VC Fund
1 Portugal Seed Drones, Energy, Mobile $154k–$1.2M
FORWARD.one
VC Fund
1 The Netherlands, Germany, Sweden Seed, Series A Software, Semiconductor, Information Technology $2.7M–$21M
Korys
VC Fund
1 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $4.4M–$50M
HearstLab
VC Fund
1 United States, United Kingdom, The Netherlands Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $100k–$19M
Blue Invest Venture Capital
VC Fund
1 Brazil, Portugal Angel, Venture - Series Unknown Software, Cloud Computing, Water Purification
Access all 116 VC funds in Portugal Impact 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 · 21 investments in Portugal Impact 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: 295
  • Round size: Seed $110k–$2M; Pre-Seed $107k–$547k
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • AddVolt — AddVolt is a technology based company that tackles markets where there is a high potential for diesel costs reduction through the generation of solar and kinetic energy, while other secondary savings are generated (e.g. maintenance).
  • 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.
  • Logical Safety — IoT safety for a safer, more productive workforce
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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Impact startups

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

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Investment focus

  • Industry: Software, Power Grid, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Portugal, Italy, Spain

Investor stats

  • Total investments: 20
  • Round size: Seed $1.2M–$4.8M; Series A $4.7M–$9.5M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2017

Portfolio highlights

  • Reefilla — Reefilla EV charging services: recharge your car anywhere, anytime
  • 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.
  • Dingoo — Dingoo is an e-commerce company that uses AI to deliver retail groceries to consumers on same day without any restrictions.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Impact 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, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 78
  • Round size: Seed $120k–$3M; Series A $3M–$12M; Series B $1.1M–$23M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • 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.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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MSM
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Impact 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, E-Commerce, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Portugal, Germany

Investor stats

  • Total investments: 54
  • Round size: Seed $1.3M–$4.8M; Pre-Seed $244k–$3M; Series A $4.1M–$52M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Pollen — Electric mobility for lightweight vehicles is about to get simpler, more affordable and more reliable.
  • Win-Win — We're WNWN Food Labs and we love food. We're creating delicious, sustainable and ethical alternatives to unsustainable and ethically dubious foods. We're starting with cacao-free chocolate. Changing chocolate? It's Win-Win #alt-chocolate #altchocolate #alt-universe #altuniverse #alt-protein
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Black and Blue Investimentos
VC Fund · Oliveira De Frades, Viseu, Portugal · 2 investments in Portugal Impact startups

Black and Blue Investimentos is an investment firm.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed, Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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Critical Software
VC Fund · Coimbra, Coimbra, Portugal · 2 investments in Portugal Impact startups

We work across some of the most demanding industries, providing software and system services for safety, mission and business-critical applications. Our technical expertise and quality standards are not the only things that make us different. At our heart lies a culture and a deeply embedded set of values that define and guide us in every step wetake.

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Investment focus

  • Industry: FinTech, CleanTech, Crowdfunding
  • Stage:Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $244k–$244k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Goparity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Impact startups

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.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $262k–$4.9M; Pre-Seed $11k–$600k; Series A $5.4M–$12M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $17M in 2018

Portfolio highlights

  • Lyzer — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Primetag — AI-native influencer & creator marketing platform for brands & agencies. Find the best creators, analyse the market and competitors, and measure campaign performance.
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BlueCrow Capital
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Impact startups

BlueCrow Capital is a venture capital firm.

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Investment focus

  • Industry: Information Technology, SaaS, Manufacturing
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Portugal, United Kingdom, Spain

Investor stats

  • Total investments: 28
  • Round size: Seed $697k–$10M; Series A $6.5M–$16M; Venture - Series Unknown $8.2M–$18M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Bighub — The All-in-One Platform for european marketplace growth. Integration, Catalog SEO, Pricing, Financing, Logistics, Helpdesk, and Resale.
  • Bling Energy — Bling Energy is a startup that focuses on providing more efficient and sustainable energy solutions, mostly through solar panels.
  • TWEVO Technologies — Solutions for i4.0 | Detection + Supervision + Control State-of-the-art AI video processing and encoding, ultra-fast Edge-AI electronics implementations complement and strengthen real-time factory worker responses, optimised video processing and transmission to provide full video information on the factory floor.
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L-Bank
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Portugal Impact startups

The L-Bank is committed to ensuring a high-performing economy, a high quality of life and a secure future. For individuals who want to gainfully employ their strengths or need support to develop them. For businesses that create jobs through their commitment and for communities seeking to improve the quality of their inhabitants' lives. Inshort: for Baden-Württemberg.

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Investment focus

  • Industry: Information Technology, Software, Manufacturing
  • Stage:Pre-Seed, Series A
  • Geography: Germany, Taiwan, Portugal

Investor stats

  • Total investments: 30
  • Round size: Pre-Seed $212k–$1.2M; Series A $6M–$72M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Vinolin — Vinolin is an IT Internet firm revolutionizes wine selection with seamless online shop integration.
  • HappySupport — Create help center articles in seconds with the intelligent step-by-step recorder. Automatic updates via GitHub Sync. Built for SaaS teams that ship fast.
  • meinhaus.digital — meinhaus.digital provides an AI-powered platform to simplify planning, costing, and financing for home renovations and refurbishments of existing properties.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Impact 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: Artificial Intelligence, E-Commerce, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $859k–$6.8M; Series A $2.1M–$16M; Venture - Series Unknown $1.3M–$13M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • BIZAY — Bizay enables the world’s largest catalogue of customizable products. Its technology platform operates across Europe, South and North America, and digitalizes the booming and huge industry of product customization by empowering brands, people and societies to self-express. It enables local manufacturers, brands, and wholesalers to offercustomization on any product in the world and reduces the cost of production by half through batching and supply-chain optimization technologies. Our platform/technology is aimed at three customer targets:(i) B2B2C provides a platform for businesses to design and sell customized products from Bizay’s existing product catalogue, with the four main customer segments: Resellers, Content Creators (Independent artists, influencers or event or managers that want to sell customized merchandise with their branding, designs or artwork), e-Commerce entrepreneurs (Small entrepreneurs that aim to expand their catalogue and upgrade their business by adding customized products to their online stores), as well as big household brands & enterprises (well-established business in need of a partner that is capable of handling large volume of customized products orders or to expand their existing offer)(ii) B2B, which is focused on SMBs, provides an extensive product catalogue for customized products to be used in several industries (ex: uniforms for restaurants and bags for retail shops) (iii) Customization-as-a-Service (CaaS), where clients (typically major brands) capitalize on Bizay’s technology, expertise, customization options, techniques and offline suppliers to customize their own products
  • 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.
  • Neuraspace — Focus on fewer alerts with more time to manoeuver, with a scalable AI/ML solution from Neuraspace
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Access 48,091 investors

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

Browse database — It's Free!
Crayhill Capital Management
VC Fund · New York, New York, United States · 1 investments in Portugal Impact startups

Crayhill Capital Management is a New York based alternative asset management firm that specializes in sourcing and investing.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Debt Financing, Series A, Private Equity
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 15
  • Round size: Debt Financing $100M–$250M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sunpin Solar — Utility Scale Solar Developer and Asset Owner
  • Rostrum Records — Rostrum Records is an independent music label that publishes music by independent artists.
  • Walden Renewables — Walden Renewables provides financing, construction, ownership and operation of renewable energy projects across a wide range of technologies. They have RWE principal investments, the principal investments division of RWE supply trading.
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Finacity
VC Fund · New York, New York, United States · 1 investments in Portugal Impact startups

Finacity Corporation provides accounts receivable securitization services for companies in the United States and internationally. It specializes in providing capital markets receivables funding programs, and servicing and collections in the investment banking and specialty financing industry. The company also offers accounts receivable servicingand collections options, including invoice verification and fraud detection, dispute resolution, pre-claim and post-claim collections, and customized reporting services. In addition, it provides deal structuring, administration, risk mitigation, and program management services, as well as daily, weekly, and monthly reporting services. The company has strategic partnerships with ABN AMRO Bank, Bank of America, Euler Hermes ACI, Amroc Investments, Avenue Capital, Ecoban, and Kleiner Perkins Caufield & Byers. Finacity Corporation serves its customers in North America, the European Union, Latin America, Europe, and Asia. The company was founded in 2001 and is based in Stamford, Connecticut with additional offices in New York, New York; Miami, Florida; and London, the United Kingdom.

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Investment focus

  • Industry: Aerospace, Automotive, Manufacturing
  • Stage:Debt Financing
  • Geography: Portugal, United States

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $15M–$175M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Tenneco — Tenneco is one of the world's leading designers, manufacturers and marketers of products for original equipment and aftermarket customers.
  • Grupo BEL — Grupo BEL specializes in vending, IT, aerospace, metalworking, media and communication, sustainability, brands, real estate, and furniture.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Impact startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 97
  • Round size: Seed $549k–$5.2M; Pre-Seed $29k–$3M; Series A $2.5M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
  • InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
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Magnify Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Impact startups

At Magnify Partners, we combine experience, business acumen and industry knowledge with technical expertise to help you make strategic and financing decisions.

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Investment focus

  • Industry: Battery, Software, Consulting
  • Stage:Private Equity, Venture - Series Unknown
  • Geography: Portugal

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Lissol — Lissol engages in the lithium battery and solar energy sectors. Lissol is a manufacturer of LiFePO4 battery systems, photovoltaic panels, inverters, and integrated storage racks.
  • Shortcut — Shortcut is a software development company for the e-government, telecommunications, and human resources sectors.
  • Cleanwatts Digital — Cleanwatts Digital is an independent technology business that specializes in AI-powered digital energy solutions.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Portugal Impact startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $57k–$2.2M; Pre-Seed $44k–$1.2M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBioMed Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • noc™ — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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200M
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Impact 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, Apps
  • Stage:Seed, Series A
  • Geography: Portugal, Brazil, France

Investor stats

  • Total investments: 7
  • Round size: Seed $2.7M–$6.5M
  • Lead/follow: 29% lead, 71% follow

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 a compensation management platform for teams to manage and enjoy multiple benefits. 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 everypart 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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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Impact 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: 114
  • Round size: Seed $520k–$3.8M; Series A $4M–$17M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $53M in 2019

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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COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 1 investments in Portugal Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $271k–$5.2M; Pre-Seed $124k–$2.2M; Series A $6.1M–$17M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pawer — Pawer is a digital platform that provides health and wellness services for pets, specifically designed for dogs and cats. The platform offers a range of services through its mobile application, including remote veterinary consultations, reimbursement for veterinary expenses, and discounts on pet products. It focuses on delivering accessible andcomprehensive pet care solutions, offering coverage for emergencies, regular check-ups, vaccinations, and preventive services.
  • hypt — hypt is a Swiss based SaaS marketing solution that empowers companies to digitalize word-of-mouth. By using our word-of-mouth manager companies are able to activate 40% of their customers to send out a personal recommendation to their peers increasing sales through word-of-mouth by 4 times. Our solution empowers our ICP customers in the finance andinsurance segments to strategically use and optimize the most authentic and cost effective advertising channel – word-of-mouth – and makes it an accessible asset of every marketing mix.
  • Ex Nunc Intelligence — Ex Nunc Intelligence provides professionals with thorough summaries of legal information, credible responses to legal issues, and automated legal document preparation features.
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Mota-Engil
VC Fund · Campanhã, Porto, Portugal · 1 investments in Portugal Impact startups

Present within the corporate panorama for 65 years, the Mota-Engil Group is leader in Portugal in the construction, public works.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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Credito Agricola
VC Fund · Amadora, Lisboa, Portugal · 1 investments in Portugal Impact startups

Credito Agricola offers banking services such as insurance, deposits and investment, credit, internet and mobile banking.

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Investment focus

  • Industry: Solar, Banking, FinTech
  • Stage:Series D, Debt Financing
  • Geography: Portugal, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Meniga — Meniga helps banks use data to drive Digital Engagement, build Customer Loyalty & increase Revenue.
  • Capwatt — Capwatt is an integrated energy solution offering sustainable energy, energy efficiency, and asset management services.
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Santander Asset Management
VC Fund · London, England, United Kingdom · 1 investments in Portugal Impact startups

Santander Asset Management is a global asset management business.

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Investment focus

  • Industry: Clean Energy, Renewable Energy, Energy
  • Stage:Series B, Seed
  • Geography: Portugal, Italy, Sweden

Investor stats

  • Total investments: 6
  • Round size: Series B $11M–$62M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
  • Eneida — Operational Analytics LV Apps, software and smart sensor for LV Network Monitoring, Control, and Visibility
  • Tretau — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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Criteria Venture Tech
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Portugal Impact startups

Criteria Venture Tech is the tech VC fund of CriteriaCaixa which invests in B2B SaaS and DeepTech companies in early and growth stages (Seed to Series B) managing more than €300M of AUM.

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Investment focus

  • Industry: Software, Biotechnology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 158
  • Round size: Seed $256k–$3.8M; Series A $1.9M–$21M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • 8Layers — 8Layers is an artificial intelligence platform that offers cloud identity threat detection to organizations
  • Barbara — Barbara is the Cybersecure Industrial Edge Platform that enables companies to connect, deploy and scale gateways and edge applications in a few clicks
  • iPronics — iPronics develops the innovative concepts of general-purpose integrated programmable photonic systems.
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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Impact 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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 107
  • Round size: Seed $603k–$5M; Pre-Seed $125k–$3M; Series A $5M–$20M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Tucuvi — Tucuvi is a health technology company unlocking efficient and high-quality healthcare at scale with a CE-marked platform for Phone Consultation Automation. We develop safe and clinically validated Conversational AI for any care pathway, enabling clinical teams to augment their capacities, improve processes’ efficiency and efficacy, and achievebetter patient outcomes and satisfaction through continuous and personalized care.
  • Balance — Balance is a private digital health company based in Spain that operates in the clinics and outpatient healthcare services sector. company's core mission is to provide an integrated, medical, and sustainable approach to treating obesity and overweight conditions. Moving away from traditional restrictive diets, the company leverages asubscription-based telehealth model combined with clinical pharmacology.
  • Punto Health — AI-powered digital platform for management of Alzheimer's and other dementias.
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GED Ventures Portugal
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Impact startups

GED Ventures Portugal is an Investment firm.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, France, Germany

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$3.3M; Venture - Series Unknown $12M–$38M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Rofim — Rofim provides a multidisciplinary platform that combines practitioners' knowledge, technology for analyses, and medical imaging to provide a diagnosis. In order to share knowledge and provide the most accurate and timely diagnosis possible, Rofim concentrates on all the functionalities created for fluid medical use. The company is dedicatedto making the daily lives of physicians, patients, and medical institutions easier, more moral, and more seamless.
  • Hoopers — Global basketball community platform connecting players, fans and enthusiasts through products, contents, experiences and NFTs.
  • PluggableAI — FAN OF THE MATCH transforms fan passion in live events, sports, and media into AI-driven insights that boost engagement and create new revenue opportunities
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Verdane
VC Fund · Oslo, Oslo, Norway · 1 investments in Portugal Impact startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Private Equity, Venture - Series Unknown
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 146
  • Round size: Private Equity $10M–$100M; Venture - Series Unknown $5.3M–$116M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $8.6M in 2013

Portfolio highlights

  • Animail — Founded in 2007, Animail revolutionized the Nordic e-commerce development of the pet industry. Back in 2007: a challenger and a start up. Today: driving the digital development of the industry as nordic market leader online. Our customers choose between 8000 different products - ranging from pet food to accessories such as toys, treats,supplements, clothing, healthcare, hygiene and more. Our product range covers dogs, cats, small animals, birds, reptiles and fishes. Purchases are made online and goods we ship the good to our consumers - all the way the door step.Since 2011 backed by Verdane Capital
  • JSB Plast — JSB Plast is one of the world’s few – and Europe’s leading supplier of Kits for the wind turbine industry. They customize core materials in foam or balsa, which are used for structural enhancements of rotor blades and nacelles for wind turbines.
  • Lingit — Lingit, which provides literacy support for people with dyslexia. Lingit’s software assists with spelling, vocabulary and reading in text processing programmes for computers and tablets.
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Impact startups, 7 in the past 12 months

Bynd is a leading Iberian Venture Capital firm

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $483k–$5.3M; Pre-Seed $552k–$2.1M; Series A $2.3M–$50M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Pollen — Electric mobility for lightweight vehicles is about to get simpler, more affordable and more reliable.
  • Wio Capital — Wio Capital is a wealthtech company that builds an AI-powered wealth management platform for financial advisors, offices, and bankers.
  • Spacebackend — Lynapse by Spacebackend unifies interface modeling, version control, testing, and validation. Convert ICDs into traceable, deterministic implementations with human-in-the-loop review.
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Acumen
VC Fund · New York, New York, United States · 1 investments in Portugal Impact startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Solar, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 186
  • Round size: Seed $300k–$2.5M; Series A $1.6M–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $2.8M in 2019

Portfolio highlights

  • Sproxil — Sproxil is an information technology company that focuses on supply chains and consumer engagement. It specializes in brand protection, consumer engagement, anti-counterfeiting, product authentication, and consumer promotions. The company was founded in 2009 and headquartered in Cambridge, Massachusetts.
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • MindRight Health — MindRight Health is a tech startup that provides mental health coaching over text message to empower communities to heal from trauma
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Wayra
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Impact startups

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

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Investment focus

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

Investor stats

  • Total investments: 254
  • Round size: Seed $103k–$3.5M; Series A $2.5M–$16M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • 1DOC3 — 1doc3 is a e-health platform that connects 490 million of Spanish speaking people with licensed and trusted doctors. Users find personalized answers to their health related questions. Doctors build their online reputation, find new patients and create the biggest health related questions and answers curated database in Spanish. The Platform isavailable via web, App, SMS and USSD, allowing the entire population to have access to a Doctor no matter where they are, or even if they don't have internet access.
  • LetsData — LetsData is an AI-power radar against disinformation. LetsData provides real-time media and social media monitoring in over 50 countries, empowering state agencies, businesses, and civil societies to proactively navigate risks and seize opportunities in the face of disinformation.
  • YBVR — YBVR provides high-quality video VR streaming experiences: Immersive, interactive, and enriched, Live, and VoD.
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Techstars Autonomous Technology
VC Fund · 1 investments in Portugal Impact startups

Investment focus

  • Industry: CleanTech, Manufacturing, Nanotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Round size: Seed $120k–$120k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Guardion — Making cities safer from nuclear threats. New nanomaterial based ion sensors for ionizing radiation detection.
  • OmniPreSense — OmniPreSense is developing Smart City traffic monitoring sensors to help make our cities safer. The sensors detect excessive speeding and are networked to provide real time alerts or traffic reports. This data is easily provided to authorities for speed calming or other corrective actions. We are currently in Beta site testing of our product. Wehave validation of the market as we have had customers who are engineers buying our base radar sensor and building their own traffic monitor. Now we're building a simple to use solution for everyone. Our product is like Ring, but instead of protecting your door we protect your neighborhood.OmniPreSense was founded on 2016 and is headquartered in San Jose, California.
  • 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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Buenavista Equity Partners
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Impact startups

GED is an independent Private Equity group operating in the Iberian Peninsula and South-Eastern Europe. The company was incorporated in 1996 and GED’s professional Partners hold a majority stake in the Management Companies of the Group.GED is positioned in the middle market, managing funds in excess of €300M through 4 different Private Equityvehicles and operates in two different private equity sectors; private equity and private equity-real estate.GED Private Equity is looking at buyouts and expansion deals maximizing the portfolio value through a clear buy and build strategy in the core countries: Romania, Bulgaria, Spain and Portugal, backing medium size companies that can become regional market leaders.GED Opportunity targets opportunistic and value added real estate investments in South Eastern Europe.GED has a strong track record in Eastern Europe and the Iberian Peninsula, achieved it during its 19 years activity in the region through offices in Madrid, Seville, Bucharest, Sofia and Oporto.

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Investment focus

  • Industry: Biotechnology, Health Care, Restaurants
  • Stage:Private Equity, Seed, Series A
  • Geography: Spain, Ecuador, Romania

Investor stats

  • Total investments: 24
  • Round size: Seed $2M–$4.2M; Series A $8M–$50M; Private Equity $6.4M–$7.7M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2019

Portfolio highlights

  • Quibim — Quibim builds AI tools that turn MRI, CT and PET data into actionable predictions for hospitals and biopharma. Trusted in 230+ centers worldwide.
  • Xoople — Xoople operates as an earth intelligence company. Xoople powers the next generation of Earth data intelligence to achieve a systematic understanding of physical changes on the Earth’s surface.
  • Highlight Therapeutics — Highlight Therapeutics is a private, clinical-stage company dedicated to unlocking the full potential of immuno-oncology.
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Teak Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Portugal Impact startups

Teak Capital is a venture capital management firm based in Malaysia. The company believes in empowering entrepreneurs to think big and at the same time mastering the essential building blocks of managing a business from practicing right governance, holistic understanding of company financials, and seeking opportunities for the business.Teak lendsits expertise and advice in corporate matters and add value by giving new perspective to entrepreneurs in developing and strategizing for their business growth.

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Investment focus

  • Industry: Baby, Biofuel, Children
  • Stage:Seed, Series D
  • Geography: Malaysia, Portugal, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • DigiLens — DigiLens is an innovator in holographic waveguide display technology for extended reality (XR).DigiLens has developed a patented optical platform and photopolymer technology that delivers best-in-class solutions using a unique, low-cost contact-copy manufacturing process. DigiLens enables OEM partners to design and build XR-enabled devices for theglobal automobile, enterprise, consumer, avionics, and military industries.
  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
  • Applecrumby & Fish — Applecrumby & Fish is an online and offline baby store that offers various brands of baby products available both locally and internationally. The baby products are classified under the categories: bath and skincare, food and health, feeding, baby gear, diapers and potty, playroom, maternity, and school.Putto, Brush Baby, Tommee Tippee,Hot-Kid, Nordic Naturals, Annie’s Organic, Zoli, Munchkin, Avent, Clevamama, Attitude, Potette Plus, The First Years, Renova, Peaceable Kingdom, Mega Bloks, Emma-Jane, MooGoo, Stephen Joseph, and Thinkbaby are some of the brands available in Applecrumby & Fish’s stores.Applecrumby & Fish was founded in 2011 and is based in Selangor, Malaysia.
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Inclimo Climate Tech Fund
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Portugal Impact startups, 6 in the past 12 months

The INCLIMO Climate Tech Fund is a venture capital fund that supports Climate Tech companies across the verticals of FoodTech, AgroTech, PropTech, Circular Economy, Transport & Smart Mobility and UtilityTech that focus on reducing CO2 emissions. Our main goal is to invest in exceptional teams that generate systemic change through technology toensure a more sustainable world. Our contribution consists of identifying committed entrepreneurs with innovative ideas and support them to generate profitable business. To do that, we co-invest with top tier Venture Capital firms, Business Accelerators and Venture Builders.

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Investment focus

  • Industry: Software, Transportation, Energy
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Spain, Sweden, Denmark

Investor stats

  • Total investments: 19
  • Round size: Seed $1.4M–$3.2M; Series A $1.6M–$7M; Venture - Series Unknown $1.7M–$8.4M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Floox — Floox llega para diseñar, desarrollar y fabricar puntos de carga rápida en corriente continua para vehículos eléctricos. Somos un equipo de más 120 personas trabajando para revolucionar la movilidad eléctrica y así crear un mundo más efectivo, fácil y sostenible.
  • Energiot — Energiot specialized engineering service in energy harvesting, self-powered devices, wireless sensor networks.
  • Oktogrid — Electrification is taking place at a rate, where conventional methods for inspection, maintenance, and congestion management no longer match the new energy scenario. Distribution transformers are ageing blind spots today with no access to online, real-time performance data. This is because getting access to data is hard. We have solved this problem.
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Investeco Capital
VC Fund · Toronto, Ontario, Canada · 1 investments in Portugal Impact startups

InvestEco invests in innovative companies in the Food & Agriculture Sector. Learn More about our process, people, and companies.

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Investment focus

  • Industry: Food and Beverage, Organic Food, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States, Portugal

Investor stats

  • Total investments: 49
  • Round size: Seed $250k–$4M; Series A $4.3M–$14M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • GoParity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
  • Little Sesame — Serving up smooth hummus & sunny vibes.
  • The Jackfruit Company — The Jackfruit Company (TJC) is the producing convenient, whole food, plant-based products.
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MCA CVC funds
VC Fund · 1 investments in Portugal Impact startups

MCA CVC Funds is an investment firm.

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Investment focus

  • Industry: Solar, Power Grid
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • BM2Solar — BM2Solar provides a comprehensive, cost-free battery storage integration service for solar facilities, increasing profitability by improving energy dispatch and enabling access to new electricity markets using AI-powered solutions.
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InterCapital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Impact startups

InterCapital is an investment firm focused on early-stage ventures. InterCapital cooperates with outstanding Entrepreneurs, promoting innovative ideas and business models, leading to positive social and environmental impact.

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Investment focus

  • Industry: SaaS, Human Resources, Biofuel
  • Stage:Seed
  • Geography: United Kingdom, Portugal

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Benivo — Increase satisfaction for employees and HR by >50% NPS. Save 30-70% on costs.
  • Benivo — Increase satisfaction for employees and HR by >50% NPS. Save 30-70% on costs.
  • BioMimetx — BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. The company discovers and owns environmental bacteria that secrete molecules, which are used as natural antimicrobials and algaecides. BioMimetx is based in Cantanhede, Portugal.
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Egis
VC Fund · Saint-quentin, Rhone-Alpes, France · 1 investments in Portugal Impact startups

Egis is an international engineering, assembly and project management group. In engineering and consulting, he works in the fields of transport, city, building, industry, water, environment and energy.

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Investment focus

  • Industry: Energy, Renewable Energy, Natural Resources
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RVE.SOL - Solucoes de Energia Rural — Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5.RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for therural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future.Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture.A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate:1. Access to clean water to obviate transmission of water borne disease2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers.Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.
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Climate-KIC
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Portugal Impact startups

EIT Climate-KIC is a European knowledge and innovation community, working to accelerate the transition to a zero-carbon economy.Supported by the European Institute of Innovation and Technology, we identify and support innovation that helps society mitigate and adapt to climate change. They believe that a decarbonised, sustainable economy is notonly necessary to prevent catastrophic climate change, but presents a wealth of opportunities for business and society.

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Investment focus

  • Industry: CleanTech, Sustainability, GreenTech
  • Stage:Seed, Grant, Convertible Note
  • Geography: Germany, Italy, Switzerland

Investor stats

  • Total investments: 18
  • Round size: Seed $259k–$1.8M; Grant $13–$99k; Convertible Note $54k–$55k
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Afterwind — Afterwind® exists to preserve natural resources for future generations by recycling glass fibre assets into circular advanced materials with full traceability.We help asset owners and industrial manufacturers in Advanced Materials, Renewable Energy, and Construction recover and reuse end-of-life and byproduct materials without compromising theiroriginal properties, including glass and carbon fibres, PET and PVC foams, and resin powders.Team Afterwind is expanding across Europe, working on- or near-site to help our clients cut costs, CO2, and risks, while supplying stable, high-quality, circular advanced materials that deliver on EU Taxonomy and green targets.
  • RECYCLLUX — RECYCLLUX is making use of the collected satellite Earth Observation data and applies machine-learning algorithms to identify the marine plastic litter problem spots, where actions need to be taken.
  • GreenPow — GreenPow is The Adaptive Computing Platform. MAIZX, our continuously-deciding control plane, routes workloads across regions based on energy, carbon, cost, performance, and compliance signals - so infrastructure thinks, not just runs.
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Schneider Electric Energy Access Asia
VC Fund · 1 investments in Portugal Impact startups

Schneider Electric is an investment fund dedicated to early and growth stage ventures in the energy access segment.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Seed, Series A
  • Geography: India, Australia, France

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$2.7M; Series A $4.3M–$16M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • ATEC — We provide sustainable, affordable and accessible clean cooking products for all Base of Pyramid households. Through sales of our two flagship on-grid and off-grid products, ATEC* Biodigester and eCook induction stoves, ATEC delivers data-driven scalable impact.
  • Carbon Masters — Carbon Masters helps organisations to measure, manage, reduce and report their carbon emissions, Our raison d´etre is a passion to help people in both their professional and personal lives reduce their carbon impact and to adapt to inevitable climate change. Carbon Masters two founding partners bring a range of complementary skills andcapabilities, youthful enthusiasm and experience, and an understanding of both the developing and developed worlds. Passion, global insight, and technical mastery are the values they aspire to bring to the company. Carbon Masters was established in 2009 and has since worked with a wide range of organisations in both the public and private sector to help them take steps to reduce their carbon emissions. The company now has offices in Edinburgh (UK), Bangalore (India) and Quito (Ecuador) and plans for a Carbon Masters USA are also on the horizon.
  • Dash Electric — Democratizes access to driver as a fleet solutions. Provides a crucial delivery infrastructure for business by leveraging the power of EV.
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Heartfelt Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Portugal Impact startups

We are the first investors for exceptional founders building transformative companies across Europe and the US.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 64
  • Round size: Seed $547k–$6.2M; Pre-Seed $537k–$2.1M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $94M in 2023

Portfolio highlights

  • ABSORA — ABSORA is pioneering breakthrough materials that outperform existing solutions in silencing noise and vibration.
  • Atrya — Atrya develops regulatory-compliant blockchain payments for international companies.
  • Punto Health — AI-powered digital platform for management of Alzheimer's and other dementias.
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G7 Renewable Energies
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Portugal Impact startups

Leaders in renewable energy development in Sub-Saharan Africa.

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Investment focus

  • Industry: Energy, Renewable Energy, Natural Resources
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RVE.SOL - Solucoes de Energia Rural — Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5.RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for therural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future.Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture.A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate:1. Access to clean water to obviate transmission of water borne disease2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers.Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.
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Betwixt Ventures
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Impact startups

Betwixt Ventures focuses on bringing together startups with Venture Capital Investors.By raising a pledge fund exclusively targeting investments on early stage startups with high potential, Betwixt Ventures proposes to add value through the following main activities:• Origination, screening, negotiation of deal terms, and monitoring of vettedstartups• Startup follow up, mentoring, consulting and value creation• Attraction of venture capital funds and placement of further investment rounds• Attraction of exit opportunities and facilitation of exit processStarting its capital raise in October 2015, the pledge fund will exclusively target investments on early stage startups typically based out of Portugal. At a second stage, it intends to invest also in Spanish and Italian startups. While no particular industry will be ruled out from the investment scope, the pledge fund will tend to focus on the broad technology and energy sectors. As a pre-requisite, it will either invest in startups previously vetted by other Business Angels, or co-invest in them with other seed or venture capital funds as partners. The focus of the pledge fund will be to invest in the gap between seed and series A rounds. Upon the investment at this stage, Betwixt Ventures will seek to attract further institutional investment rounds, internationally.On top of the pledge fund management, Betwixt Ventures will also offer both financial and general advisory services to startups. The former include either the attraction of venture capital funds for placement of further investment rounds, or the attraction of strategic buyers for potential M&A transactions, mainly in the US market. The later encompass 360 degrees consulting to startups, from marketing & sales, to business development and management.

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Investment focus

  • Industry: Drones, Energy, Mobile
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Round size: Seed $154k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
  • BladeInsight — BladeInsight offers innovative solutions for wind turbine blade operations and maintenance.
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FORWARD.one
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Portugal Impact startups

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

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Investment focus

  • Industry: Software, Semiconductor, Information Technology
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 61
  • Round size: Seed $2.7M–$6.3M; Series A $4.4M–$21M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $170M in 2021

Portfolio highlights

  • Zuriq — We are building a quantum computer with scalability at its heart. Trapped-ion qubits with freedom to move and connect.
  • Villari — Villari delivers wireless structural health monitoring technology. Our crack detection system monitors critical locations of the structure: identified cracks, crack indications, or high stress locations. With Villari you can monitor fatigue cracks in steel welds continuously.
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 1 investments in Portugal Impact startups

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

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Investment focus

  • Industry: Biotechnology, Renewable Energy, Information Technology
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 48
  • Round size: Series A $4.4M–$13M; Series B $6.4M–$50M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Entrix — Entrix is an optimisation and trading platform for grid-scale battery storage that accelerates the transition towards a clean energy future. Our mission is to enable the most effective use of green energy and to ensure the reliability of the future energy system. We provide state-of-the-art technology and services to both asset owners and potentialinvestors across the globe.
  • OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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HearstLab
VC Fund · New York, New York, United States · 1 investments in Portugal Impact startups

HearstLab provides cash investments and services to early-stage, women-led startups innovating across fintech, data analytics, health, transportation, enterprise technology and media. Its mission is to close the gap in VC funding for women by helping founders build sustainable and highly scalable businesses.

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Investment focus

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

Investor stats

  • Total investments: 130
  • Round size: Seed $100k–$4.5M; Pre-Seed $100k–$1.5M; Series A $6.3M–$19M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Ikura — Ikura is a travel company that provides personalized travel experiences, connecting travelers with local communities and businesses.
  • MamaWell
  • Buzz Solutions — Buzz Solutions provides a software platform powered by Artificial Intelligence, Actionable Insights, and Predictive Analytics for faults and anomaly detection for the power line inspection process for power utilities. The company's platform automates the process of storing and organizing visual data (captured in the field through drones andhelicopters), analyzing for faults using its AI algorithms, mapping the data and providing heat maps as well as predictive insights for when, where and what kind of faults are happening on power line and assets. Using its solutions, power utilities save over 50% of cost and time to analyze data which makes condition-based maintenance efforts easier and time-efficient, thus, preventing wildfires, power outages, and other climate change effects on the physical infrastructure of the grid.
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Blue Invest Venture Capital
VC Fund · 1 investments in Portugal Impact startups

Blue Invest Venture Capital is focused on the sustainable blue economy sector, which includes industries and innovations. The fund and its associated platform help prepare companies for investment by offering investment readiness support and financing opportunities.

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Investment focus

  • Industry: Software, Cloud Computing, Water Purification
  • Stage:Angel, Venture - Series Unknown
  • Geography: Brazil, Portugal

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Dreams Latam — Dreams Latam offers advanced cloud computing software that transforms ordinary devices into high-performance machines. The company's cloud software technology delivers cutting-edge efficiency, security, and power, allowing anyone to access high-level computing resources.
  • Nitrogen Sensing Solutions — The Nitrogen Sensing Solutions will be a smart multiparametric sensor for water analysis measuring simultaneously three nitrogen compounds - ammonium, nitrite and nitrate - accurately and in real-time. portugal based.
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Impact VC funding in Portugal at a glance

Stats across 116 deals from 116 investors.

116
investors
in Portugal Impact startups
116
deals
in Portugal Impact startups
$1.6M
median round
in Portugal Impact startups
50%
lead investors
lead at least one round
35%
Seed
most common funding stage

Access all 116 VC funds in Portugal Impact startups.

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