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Top 50 Internet VC Funds & Investors in Portugal (August 2026)

The most active venture capital funds investing in Portugal Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Internet 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
31 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $107k–$2M
Shilling VC
VC Fund
14 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Armilar Venture Partners
VC Fund
9 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $520k–$17M
Caixa Capital
VC Fund
8 Portugal, United States, Spain Seed, Series A, Series B Software, Information Technology, Health Care $120k–$23M
Olisipo Way
VC Fund
6 Portugal, Lithuania Seed, Pre-Seed, Venture - Series Unknown Software, InsurTech, Financial Services $118k–$6.5M
Bynd Venture Capital
VC Fund
5 Portugal, Spain, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $483k–$50M
EDP Ventures
VC Fund
5 Portugal, United States, Brazil Seed, Series A Energy, Software, Information Technology $355k–$14M
LC Ventures
VC Fund
5 Portugal, United Kingdom, Poland Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $11k–$12M
Brpx
VC Fund
4 Portugal, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology $318k–$15M
Lince Capital
VC Fund
4 Portugal, United Kingdom, United States Seed, Venture - Series Unknown, Series A Artificial Intelligence, E-Commerce, Information Technology $859k–$16M
TheVentureCity
VC Fund
3 United States, Spain, Brazil Seed, Pre-Seed, Series A Software, Information Technology, SaaS $100k–$45M
REDangels
VC Fund
3 Portugal, United States, Poland Seed, Pre-Seed, Angel Mobile, Machine Learning, Internet of Things $11k–$1.6M
WISENEXT
VC Fund
3 Portugal, United States Seed, Pre-Seed, Series A Software, SaaS, Internet $100k–$1.8M
Bright Pixel Capital
VC Fund
3 United States, Portugal, Israel Series A, Series B, Seed Software, SaaS, Information Technology $1.2M–$35M
Antler
VC Fund
3 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Indico Capital Partners
VC Fund
3 Portugal, United States, Spain Seed, Series A, Pre-Seed Information Technology, E-Commerce, B2B
SVG Ventures
VC Fund
3 Canada, United States, Australia Non-Equity Assistance, Seed, Pre-Seed AgTech, Agriculture, Farming $50k–$4.7M
Beta Capital
VC Fund
3 Portugal, Spain, Brazil Seed, Venture - Series Unknown Software, Health Care, Biotechnology $476k–$3.1M
Acurio Ventures
VC Fund
2 Spain, United States, United Kingdom Seed, Series A, Series B Software, E-Commerce, Artificial Intelligence $1.2M–$50M
HCapital Partners
VC Fund
2 Portugal, Italy, Spain Seed, Series A Software, Power Grid, Artificial Intelligence $1.2M–$9.5M
Flori Ventures
VC Fund
2 United States, United Kingdom, Israel Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, FinTech $100k–$11M
Celo
VC Fund
2 United States, Portugal, Japan Grant, Pre-Seed, Seed Financial Services, Cryptocurrency, FinTech $100k–$150k
Polymorphic Capital
VC Fund
2 United States, United Kingdom, Spain Seed, Series A, Pre-Seed Blockchain, FinTech, Cryptocurrency $1.2M–$30M
Semapa Next
VC Fund
2 Portugal, United Kingdom, Germany Series A, Seed, Series B Software, Artificial Intelligence, SaaS $222k–$51M
Iberis Capital
VC Fund
2 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $107k–$23M
J12
VC Fund
2 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $1.2M–$30M
Faber
VC Fund
2 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $29k–$25M
RR² CAPITAL
VC Fund
1 Bulgaria, Seychelles, Switzerland Seed Blockchain, FinTech, Bitcoin
Lavender Capital
VC Fund
1 South Africa Seed Gaming, Metaverse, Blockchain
Moonrock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Curiosity VC
VC Fund
1 The Netherlands, Finland, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
FunFair Ventures
VC Fund
1 Switzerland, Peru, India Seed, Pre-Seed, Series A Cryptocurrency, Blockchain, FinTech
Instituição Financeira de Desenvolvimento
VC Fund
1 Portugal Seed AgTech, Internet, Software
Lunar Ventures
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
Pitchdrive
VC Fund
1 Belgium, United Kingdom, Spain Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence
Kangaroo Capital
VC Fund
1 India, Sweden, Vietnam Seed, Series A Blockchain, Cryptocurrency, Software
Clever web
VC Fund
1 Portugal Seed Web3, Credit, Lending $300k–$4.3M
Gains Associates
VC Fund
1 Singapore, Germany, India Seed, Initial Coin Offering Blockchain, Gaming, Software
CapitalT
VC Fund
1 The Netherlands, United Kingdom, United States Pre-Seed, Seed Software, Artificial Intelligence, Information Technology
Synapse Network
VC Fund
1 Seed Blockchain
White Star Capital
VC Fund
1 United States, Canada, United Kingdom Series A, Seed, Series B Financial Services, FinTech, Software $1.4M–$60M
Eutopia Foundation
VC Fund
1 Portugal Seed Web3, Web Apps, Blockchain
TIIN Capital
VC Fund
1 The Netherlands, United States, France Seed, Series A Software, Information Technology, Cyber Security $549k–$8.4M
UniWhales
VC Fund
1 Portugal Seed Credit, Lending, Online Portals
7 Graus
VC Fund
1 Portugal Seed Internet, E-Commerce
Pathena
VC Fund
1 Portugal, Germany, The Netherlands Series A, Seed, Series C Health Care, B2B, Marketing $1.4M–$39M
Spaceship
VC Fund
1 United States, Canada, Portugal Seed, Series A, Pre-Seed Blockchain, Software, Information Technology $2.7M–$14M
Oxy Capital
VC Fund
1 Portugal, Italy, United States Private Equity, Series A Software, VoIP, Medical $8.7M–$12M
Novabase Capital
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, Information Technology, Analytics $576k–$3M
Five Seasons Ventures
VC Fund
1 Germany, United Kingdom, France Series A, Series B, Seed Pet, E-Commerce, Food and Beverage $1.8M–$29M
Access all 68 VC funds in Portugal Internet 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 · 31 investments in Portugal Internet 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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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 14 investments in Portugal Internet 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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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 9 investments in Portugal Internet 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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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 8 investments in Portugal Internet 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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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 6 investments in Portugal Internet startups

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

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Investment focus

  • Industry: Software, InsurTech, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Portugal, Lithuania

Investor stats

  • Total investments: 37
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $118k–$1.5M
  • Lead/follow: 14% lead, 86% 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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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Internet 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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EDP Ventures
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Internet startups

EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space

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Investment focus

  • Industry: Energy, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Portugal, United States, Brazil

Investor stats

  • Total investments: 64
  • Round size: Seed $355k–$4.1M; Series A $2.5M–$14M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $8M in 2018

Portfolio highlights

  • Drivit — Drivit turns any smartphone into a high-quality telematics device. Power your mobility app with features that will show you the best way to a safer, cheaper and more sustainable driving.
  • Spotlite — Spotlite combines satellite data with AI to predict infrastructure risks before they become problems.
  • Delfos Energy — Why did it Fail? Avoid unexpected failures across your assetsReduce the risk of unexpected failuresmoreOptimize Maintenance Windowsmoreretain and scale up operational knowledgemoreplatform real time monitoring, analysis and predictions for renewable energy and oil&gas assetsVIEW OUR APPLICATIONS customer and partnerssee what our customers say about our solutions TestimonialsYour failure prediction alarm, helped us avoid an
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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 5 investments in Portugal Internet 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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Brpx
VC Fund · Lisboa, Lisboa, Portugal · 4 investments in Portugal Internet startups

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $409k–$2.4M; Pre-Seed $318k–$1.3M; Series A $7.2M–$15M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Chord — Chord is a commerce data platform purpose-built for modern brands. Chord enables brands to unify, synthesize, and orchestrate their data to drive radical decisions and revenue.
  • Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
  • Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 4 investments in Portugal Internet 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
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
TheVentureCity
VC Fund · Miami, Florida, United States · 3 investments in Portugal Internet startups

Our ticket size ranges from $100-500k for Pre-seed/Seed and $1-4M for Series A companies. We're in search of promising-founders with product-driven mindsets who have a passion for building. Those who've fallen in love with data. For we believe in fit---both product and with the team here. Got a great idea? Come to TheVentureCity and give it the expertise to help it grow.

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Investment focus

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

Investor stats

  • Total investments: 149
  • Round size: Seed $100k–$4.3M; Pre-Seed $100k–$1.2M; Series A $3M–$45M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Count — Explore, refactor, and share your data at warp speed.
  • Tansley — Tansley is a group of companies (Guaw, Milbby, Brand Story, Bookish) focused on fostering consumer ecosystems around hobbies and passions.
  • Passport — Passport is the modern shipping carrier for international ecommerce that helps direct-to-consumer brands ship their products internationally.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 3 investments in Portugal Internet startups

They believe the unbelievable and trust the untrustable.

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Investment focus

  • Industry: Mobile, Machine Learning, Internet of Things
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, United States, Poland

Investor stats

  • Total investments: 25
  • Round size: Seed $110k–$1.6M; Angel $55k–$181k; Pre-Seed $11k–$55k
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Wall-i — Wall-i is a programmatic outdoor advertising network, that displays ads on screens for segmented audiences, by age, gender, location, and market. Wall-i aims to be the Google Ads of the outdoor advertising. By combining plug-and-play screen incorporation and audience recognition technology (age, gender and mood), with a CPV /CPM businessmodel, it enables real-estate owners to monetize LCD screens and tablets with ads.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • UpLink — Tellent Recruitee helps you hire faster, work better together, and win top talent without the bottleneck; powered by AI-driven features.
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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $478k–$1.8M; Pre-Seed $100k–$1.1M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • pleez — Pleez offers Restaurant's an optimisation of their menu within Delivery Platforms, so that they can have a revenue increase up to 25%.
  • Volup — Volup is a premium food delivery app that partners exclusively with top-tier chefs and restaurants.
  • MindProber — Not all impressions are created equal. Understand the emotional impact of your content. Learn about Mediaprobe - Next-gen media measurement.
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Bright Pixel Capital
VC Fund · Maia, Porto, Portugal · 3 investments in Portugal Internet startups

Bright Pixel Capital (former Sonae IM) is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel acts as a partner that bringsspecialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO.

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Investment focus

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

Investor stats

  • Total investments: 106
  • Round size: Seed $1.2M–$7.3M; Series A $5.4M–$15M; Series B $15M–$35M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • EatTasty — Eattasty combina hechos y perspectiva para una cobertura completa y comprensible.
  • Bria — Bria is a Computer Software company.
  • Mesh Security — Mesh Security is the industry’s first complete Zero Trust Posture Management (ZTPM) SaaS platform, a single source of truth that enables companies to implement a unified Zero Trust Architecture on top of their existing stack. Without using agents, Mesh effortlessly and seamlessly maps a company’s entire cloud XaaS estate in minutes, providing fullcontextual visibility, control, and protection of the Everywhere Enterprise.
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Antler
VC Fund · Singapore, Central Region, Singapore · 3 investments in Portugal Internet startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2215
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 3 investments in Portugal Internet startups, 8 in the past 12 months

Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, internet of things, fintech, cybersecurity and digital companies, targeting investments at Seed to Series A level. Founded in 2017, the team at Indico werepreviously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia. In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong Portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecosystem.

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Investment focus

  • Industry: Information Technology, E-Commerce, B2B
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 43
  • Lead/follow: no public data

Portfolio highlights

  • FRVR — FRVR brings captivating games to billions of players instantly.
  • Indie Campers — Indie Campers offers adventurers the opportunity to start their journey in one location and end it in any of our other depots, while delivering an outstanding customer service for a unique and unforgettable experience.
  • Oceano Fresco — Oceano Fresco develops and produces bivalves varieties with superior performance for shellfish farmers at a competitive cost, respecting environmental sustainability and ensuring consumer safety.They use a multi-disciplinary approach including expertise in molecular biology, genetics, animal physiology, computational biology and intellectualproperty to select value adding traits to shellfish farmers and contribute to the sustainability and profitability of the aquaculture industry.They work with hatcheries, nurseries and research centers in order to test and validate their solutions and ensure that they suit the specific needs of each customer, in each technical and environmental context.
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SVG Ventures
VC Fund · Los Gatos, California, United States · 3 investments in Portugal Internet startups, 6 in the past 12 months

We are a Venture & Innovation Platform Advancing the Food & Agriculture Industries We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries.

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Investment focus

  • Industry: AgTech, Agriculture, Farming
  • Stage:Non-Equity Assistance, Seed, Pre-Seed
  • Geography: Canada, United States, Australia

Investor stats

  • Total investments: 288
  • Round size: Seed $100k–$4.7M; Pre-Seed $50k–$100k
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Plasmaleap — Plasmaleap is a plasma technology company that manufactures and sells zero-emissions chemical reactors designed for industrial and energy applications. The company develops reactor systems that use plasma processes to enable chemical production and transformation without relying on conventional combustion methods. Its technology supports sectorssuch as clean fuels, chemical manufacturing, and materials processing by offering electrified reactor solutions that can be integrated into existing industrial workflows. Plasmaleap designs modular systems that allow operators to deploy plasma reactors for on-site production and conversion of feedstocks using electricity as the primary energy input. The company also provides engineering support and technical integration services to help customers incorporate its reactor technology into commercial operations. Through its plasma-based approach, Plasmaleap focuses on enabling chemical processes that align with decarbonization and emissions reduction objectives across multiple industries.
  • Cellar Insights — Maximize the value of your potato crop with smart remote monitoring. Monitor storage conditions and prevent crop loss with Cellar Insights.
  • Brilliant Harvest — Brilliant Harvest is the Most Powerful AI Helpdesk For Equipment Dealers.
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Beta Capital
VC Fund · Porto, Lisboa, Portugal · 3 investments in Portugal Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 15
  • Round size: Seed $476k–$3.1M
  • Lead/follow: 7% lead, 93% 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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Acurio Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 2 investments in Portugal Internet startups, 8 in the past 12 months

Acurio Ventures partners with visionary founders to make history happen. Acurio Ventures is a European early-stage VC that invests across sectors and business models and that relies on its entrepreneurial DNA, flexible approach and proven value add to partner with the best founders out there.

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Investment focus

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

Investor stats

  • Total investments: 119
  • Round size: Seed $1.2M–$6.9M; Series A $4M–$19M; Series B $10M–$50M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Lexroom.ai — Lexroom.ai allows lawyers to complete hours of legal research in seconds.Legal professionals spend up to 50% of their time in repetitive, low value-adding tasks. That’s why we’re building Lexroom.ai, a product that allows lawyers to complete hours of research in seconds, so they can focus on what really matters.Lexroom.ai perfectly integrateswith lawyers' daily workflow and enables them to speed up time-consuming legal research tasks while increasing output quality, so that they can focus more on value-adding activities.Lexroom.ai is building a bridge between advanced artificial intelligence technologies and legal professionals, through a product specifically tailored to their needs.
  • Flipflow — At Flipflow, we offer brands, manufacturers, and retailers an accurate, actionable, real-time snapshot of their products, competitors, and the market to facilitate informed business decisions. We gather millions of data points daily from retailers in markets worldwide. This data is processed, structured, and delivered as real-time actionableinsights through a flexible and powerful Business Intelligence (BI) suite. Our suite incorporates automations and AI-powered analytics, providing prescription capabilities that guide different teams within retail companies to make optimal business decisions. This approach not only offers a more holistic perspective for key decisions but also enhances day-to-day reaction capabilities.
  • Crescenta — Your Alternative Investment Space
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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Internet 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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Flori Ventures
VC Fund · San Francisco, California, United States · 2 investments in Portugal Internet startups

More than a seed-stage fund and a portfolio of startups: Our community of founders taps into the power of financial innovation to collaborate around global problems and unlock prosperity for all.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 106
  • Round size: Seed $250k–$11M; Pre-Seed $100k–$3.5M; Series A $2.8M–$11M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Mento Labs — Mento is bringing FX onchain. We provide institutions with access to onchain FX at real-world rates.
  • Learn.xyz — Learn.xyz’s is a mixture of Duolingo and Wikipedia, powered by AI, creating bite-sized “Curiosities” which feature slides and a quiz, in mere seconds just from taking in a user’s question. Find the app on iOS and Android.
  • Thrive Protocol — Thrive Protocol's vision is to maximize value creation for all people and communities.
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Celo
VC Fund · San Francisco, California, United States · 2 investments in Portugal Internet startups

Celo is global payments infrastructure that makes financial tools accessible to anyone with a mobile phone

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Investment focus

  • Industry: Financial Services, Cryptocurrency, FinTech
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United States, Portugal, Japan

Investor stats

  • Total investments: 11
  • Round size: Pre-Seed $100k–$150k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Haraka — Haraka issues stablecoin-based microloans based on social reputation.
  • moreliquid — moreliquid is a digital assets platform that offers end-to-end services to asset managers for tokenised securities.
  • Silver Koi — First equities perpetuals protocol. Long & short US stocks, forex, commodities, crypto, and more with up to 200x leverage. - https://t.co/Hy8QCUKnXW
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Polymorphic Capital
VC Fund · Clayton, North Carolina, United States · 2 investments in Portugal Internet startups

It is a venture capital firm that selectively invests in extraordinary teams and emerging paradigms in blockchain and fintech globally.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Spain

Investor stats

  • Total investments: 53
  • Round size: Seed $1.4M–$5M; Pre-Seed $1.2M–$6M; Series A $3.6M–$30M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zynk — Make Global Payments Instant
  • Trace Finance — Trace Finance enables secure and swift connections between businesses and their customers through payments and automatic transaction reconciliations on a large scale, promoting integrity and efficiency.
  • BIO Protocol — Biotech's new financial layer.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Internet startups

Semapa Next is a venture capital firm that invests in European-based companies aspiring to become global category leaders.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: Portugal, United Kingdom, Germany

Investor stats

  • Total investments: 23
  • Round size: Seed $222k–$6.5M; Series A $6.5M–$32M; Series B $43M–$51M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Sybilion — The decision layer for industrial companies. Sybilion connects external world dynamics to the decisions that shape your margin, working alongside the systems...
  • Gigaton — Carbon Re is a climate tech company using cutting-edge AI solutions to decarbonize cement and steel. Get in touch with us today!
  • Jupus — As the first legal AI secretary in Europe, JUPUS automates the entire process from initial client contact to the complete file. Lawyers are supported by an AI chatbot, an online appointment booking tool, and an AI platform that automatically collects and processes inquiries, information, and documents, facilitating automated communication withclients.
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Iberis Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 57
  • Round size: Seed $1.2M–$3.2M; Pre-Seed $107k–$4.4M; Series A $5.3M–$23M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Reckon.ai — Whether you're building an unattended store or supplying the equipment behind it, Reckon's patented AI technology transforms existing infrastructure into smart, autonomous assets.
  • Jscrambler — Jscrambler is the leading client-side security solution for JavaScript in-app protection and real-time webpage monitoring. Start your free trial today!
  • 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.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Portugal Internet startups

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1.5M–$8M; Pre-Seed $1.2M–$4.1M; Series A $7M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • VALIDIO — VALIDIO manages data quality. They offer a next-generation data platform for any modern, data-driven organization. They validate and monitor the data quality of real-time streams and batch data, enabling proactive identification and mitigation of data quality issues.
  • Camphouse — Mediatool is the all-in-one planning, execution, tracking and reporting tool for media and marketing campaigns. Increase productivity with streamlined delivery and better collaboration across all your marketing activities. Grow revenue with confidence, using real-time performance data to optimise investment.Hundreds of tangible benefits, onebetter way of working. Forget spreadsheets and get to know Mediatool.
  • Galdera Labs — Disposable financial models cost more than time. They cost context. Galdera was built for growth finance teams looking to save both.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Internet 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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RR² CAPITAL
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Internet startups

RR2 Capital is a venture capital firm that provides investment services.

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Investment focus

  • Industry: Blockchain, FinTech, Bitcoin
  • Stage:Seed
  • Geography: Bulgaria, Seychelles, Switzerland

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • Dolomite.io — The home of DeFi yield - access great lending and borrowing yields, strategies, tools, and opportunities.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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Lavender Capital
VC Fund · 1 investments in Portugal Internet startups

Lavender Capital is an Incubator and Advisor to numerous GameFi and NFT start-ups and projects and recognized as a value-added partner and investor.

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Investment focus

  • Industry: Gaming, Metaverse, Blockchain
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • FreeBnk — FreeBnk provides stablecoin rails, borderless accounts, and crypto payments in 70+ countries. Fast, low-cost, and compliant global finance.
  • RunesFi — RunesFi is a one-stop DeFi platform that provides an easy-to-use, secure, and efficient trading experience.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal Internet startups, 8 in the past 12 months

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

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Investment focus

  • Industry: Blockchain, Information Technology, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Rebar Labs — Rebar Labs is a company that offers research services and infrastructure for bitcoin. The company wants to help users in the Bitcoin ecosystem create more effective and better experiences by addressing issues related to maximum extractable value and offering services that guarantee equitable value distribution.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Tren Finance — Tren Finance: a secure DeFi liquidity protocol offering seamless asset swaps, yield opportunities, and cross-chain compatibility through automated smart contracts, redefining liquidity for users and institutions.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Curiosity VC
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal Internet startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Finland, Sweden

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • Orq.ai — Orq.ai is the platform to build, ship, and scale AI fast and in control. Give your teams one secure place to develop, test, deploy, and monitor GenAI applications.
  • Telescope — A practical tool for managing sustainability risk in real estate
  • Altura Platform — Altura Platform helps you to identify opportunities, collaborate on writing your bid and analyse data on your performance.
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FunFair Ventures
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 1 investments in Portugal Internet startups

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Switzerland, Peru, India

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • Rhuna — Rhuna is an AI and blockchain platform that transforms event management with NFT ticketing and token rewards.
  • BridgePort — SaaS, Fintech, Middleware, Trading Infra
  • Coca Wallet — Coca Wallet operates as a non-custodial payments app.
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Instituição Financeira de Desenvolvimento
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Internet startups

Instituição Financeira de Desenvolvimento (IFD), with headquarters in Porto, has as its main goal to direct public financial resources, preferentially leveraged by private co-financing, and in particular Financial Instruments (FI) of Equity / Quasi-Equity and Mid- to Long-Term Debt, so that “viable” SME may increase their equity capital andfinance their investments, while developing their activity in industries concerning tradable goods or services, in the start-up, growth or transfer of ownership stages. Created on the 21st of October of 2014 by the Decree-Law No. 155/2014, IFD is a State-owned financial company, registered with the Banco de Portugal under number 316, whose object is to perform operations to mitigate market failures in financing to small and medium enterprises (SME), through the management of investment funds, other autonomous sets of assets or instruments of a similar nature, co-financed by public funds to support the economy, and the performance of credit operations, including issuance of guarantees and other commitments.IFD’s Mission is to design, structure and operationalise financing solutions that address market failures in Portuguese SME access to finance, thus contributing to economic development and to the creation of wealth and employment, with growing volumes of added value.

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Investment focus

  • Industry: AgTech, Internet, Software
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Agri Marketplace — A b2b digital marketplace where fair food trade is made easy, fast and transparent!
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Lunar Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Portugal Internet startups

Lunar Ventures is a deep-tech, seed-stage venture fund with a team of 3 deep-tech expert partners in Berlin that come from science, and business in deep tech companies. The firm particularly invests across Europe into founders building high potential startups that specialize in artificial intelligence or machine learning, blockchain,cybersecurity, big data, analytics, or other industries.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • Neurolabs — Neurolabs helps puts an end to out-of-stocks using a powerful combination of computer vision and synthetic data, improving customer experience and increasing revenue.
  • Wasp — A simple language for developing full-stack web apps with less code.
  • Runware — Runware provides lightning-fast text-to-image and image-to-image generation speeds—0.3 seconds for SD 1.5 and 0.9 seconds for SDXL, all through one powerful API.
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Portugal Internet startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

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

Investor stats

  • Total investments: 67
  • Lead/follow: no public data

Portfolio highlights

  • introw — We help B2B sales, marketing & partnership teams to unlock warm referral leads in their partner ecosystem through AI. Allowing them to discover & co-sell on these leads from within their sales tools.
  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • DataPad — Say hello to the World's easiest metric tracking tool. Track everything in one place. Enable your entire team. Build data culture. All with no code, no development.
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Kangaroo Capital
VC Fund · 1 investments in Portugal Internet startups

Kangaroo Capital is a community driven blockchain and cryptocurrency venture capital that is dedicated to helping young startups and more established projects accelerate.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: India, Sweden, Vietnam

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • KOKODI — World without adults!
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Clever web
VC Fund · 1 investments in Portugal Internet startups

Cleverweb is a venture capital investment firm.

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Investment focus

  • Industry: Web3, Credit, Lending
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Round size: Seed $300k–$4.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zharta — Zharta is a peer to pool protocol that enables its users to apply for real-time loans by using NFTs as collateral.
  • BakerFi — BakerFi delivers a cutting-edge DeFi protocol with smart staking strategies and an intuitive interface for easy maximization of returns.
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Gains Associates
VC Fund · Paris, Ile-de-France, France · 1 investments in Portugal Internet startups

GAINS Associates is a launchpad and technology provider accelerating the growth of upcoming tokens, NFT collections, Web3 applications, giving communities early access to the future of digital innovation.

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Investment focus

  • Industry: Blockchain, Gaming, Software
  • Stage:Seed, Initial Coin Offering
  • Geography: Singapore, Germany, India

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Sekuya — Sekuya is an anime gaming metaverse platform that transform the gaming landscape through a community-driven approach in an entirely new anime epic fantasy universe.
  • Safeverse — Safeverse is a training, Learning, and Education to equip people for future jobs in the metaverse and real life.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Portugal Internet startups

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

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Investment focus

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

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Northsea — Northsea is an AI-native research platform that helps consultants, investors, and strategy teams generate deeper customer insights with a fraction of the effort.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
  • Balthazar — Balthazar is a SaaS platform for hardware R&D that automates experiment tracking in the lab. It facilitates collaboration, ensures knowledge retention, and serves as the backbone of AI-driven research.
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Synapse Network
VC Fund · London, England, United Kingdom · 1 investments in Portugal Internet startups

Synapse Network aims to bring the idea of a fully regulated financial institution backed by DeFi products to the masses.

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Investment focus

  • Industry: Blockchain
  • Stage:Seed

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • Acknoledger — Ackno API will consist of UCNS and Ackno plagiarism engine that will be used by NFT platforms, NFT Marketplaces, Metaverses, and Digital Universes UCNS will adopt a decentralized approach to provide unique identifier for any content that is validated across Metaverses and NFT platforms AcknoLedger will collaborate with the current NFT and MetaverseEcosystem Partners to deploy UCNS solutions to their existing Digital Assets
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White Star Capital
VC Fund · New York, New York, United States · 1 investments in Portugal Internet startups, 22 in the past 12 months

Our presence, perspective and people enable us to partner closely with founders to help them define this future.

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Investment focus

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

Investor stats

  • Total investments: 217
  • Round size: Seed $1.4M–$13M; Series A $5M–$24M; Series B $12M–$60M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Fluxco — Procurement, leasing, service and warranty for padmount, substation, and distribution transformers from 100+ global suppliers.
  • FINN — At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees asevery journey is CO2 compensated.
  • Tetrix — Discover Tetrix, the platform that empowers institutional investors with AI-driven insights for smarter decisions in alternative markets. Automate data collection, enhance investment strategies, and streamline operations with cutting-edge technology.
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Eutopia Foundation
VC Fund · 1 investments in Portugal Internet startups

Eutopia Foundation gives grants to projects we believe will help make the world a better place to focus on projects in the early stages where our typical grant size of $25,000 will have a meaningful impact.

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Investment focus

  • Industry: Web3, Web Apps, Blockchain
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • impactMarket — impactMarket enables any vulnerable community to implement poverty alleviation mechanisms, like Unconditional Basic Income.
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TIIN Capital
VC Fund · Naarden, Noord-Holland, The Netherlands · 1 investments in Portugal Internet startups

TIN Capital was founded in 1998. With European Cyber Tech Fund V we invest in cyber security and IoT startups and scale-ups based in Europe.

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Investment focus

  • Industry: Software, Information Technology, Cyber Security
  • Stage:Seed, Series A
  • Geography: The Netherlands, United States, France

Investor stats

  • Total investments: 65
  • Round size: Seed $549k–$4.9M; Series A $3.3M–$8.4M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Vivolta — Vivolta engages in contract development and manufacturing of electrospun medical products. It provides nanofiber-based solutions that guide the human body to heal itself.
  • Eye Security — Eye Security delivers high-quality cyber solutions to European companies. Our mission is to make security accessible and affordable for every company.
  • SignPath — SignPath is the Zero Trust platform for software supply chain security. DevSec360 combines advanced code signing and pipeline integrity to enforce policies and ensure end-to-end artifact integrity across your CI/CD pipelines.
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UniWhales
VC Fund · 1 investments in Portugal Internet startups

UniWhales is a Defi analysis community that monitors and analyzes whale position movements on Uniswap, SushiSwap, 1Inch, Pancake, and other decentralized trading platforms.

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Investment focus

  • Industry: Credit, Lending, Online Portals
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Zharta — Zharta is a peer to pool protocol that enables its users to apply for real-time loans by using NFTs as collateral.
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7 Graus
VC Fund · Matosinhos, Porto, Portugal · 1 investments in Portugal Internet startups

7Graus is a develop websites and create quality content to meet the information and entertainment needs of Internet users around the world

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Investment focus

  • Industry: Internet, E-Commerce
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Barkyn — Delivering health and happiness to pet families, reshaping the future of e-commerce.
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Pathena
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Internet startups

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

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Investment focus

  • Industry: Health Care, B2B, Marketing
  • Stage:Series A, Seed, Series C
  • Geography: Portugal, Germany, The Netherlands

Investor stats

  • Total investments: 9
  • Round size: Seed $1.4M–$3.3M; Series A $4.4M–$30M; Series C $39M–$39M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Promptly — Health Analytics Patient Report Outcomes, Health Care, Value based health
  • Healthplus.ai — Healthplus.ai enables surgical care professionals to be more proactive towardcs patients, care and outcome; predicting infections before they are normally diagnosed.
  • NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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Spaceship
VC Fund · 1 investments in Portugal Internet startups

A DAO of crypto natives, founders, builders, and investors.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $2.7M–$5.5M; Series A $13M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Olas — Olas is an innovative platform designed to leverage autonomous AI agents in the cryptocurrency ecosystem. By employing specialized agents that collaborate, Olas aims to offer complex and comprehensive services tailored to the needs of users in the rapidly evolving world of digital currencies.
  • Catalysis — Catalysis establishes a cohesive framework that integrates a shared security ecosystem.
  • Reservoir — Infrastructure and APIs to bring efficient token markets to every chain, wallet, and app
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Oxy Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Internet startups

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

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Investment focus

  • Industry: Software, VoIP, Medical
  • Stage:Private Equity, Series A
  • Geography: Portugal, Italy, United States

Investor stats

  • Total investments: 5
  • Round size: Private Equity $8.7M–$12M
  • Lead/follow: 40% lead, 60% 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 — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.
  • 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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Novabase Capital
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Internet startups

Novabase Capital, Sociedade de Capital de Risco, SA is a venture capital firm owned entirely by Novabase SGPS, SA. Its main purpose is to find and support Portuguese ICT business projects – in early development or expanding – with high potential. Novabase Capital has an unique, specific expertise and a long track record in the development oftechnology-based SMEs throughout Portugal.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $576k–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2011

Portfolio highlights

  • WEEZIE — Weezie offers all-in-one fiber network management software focused on the automation and digitalization of all internal processes.
  • Glartek — Glartek is a technology-enabled services company focused on Industrial Internet of Things and Augmented reality solutions. With their experience in development solution for industry and their knowledge in field management, they are able to provide the best expertise in cloud analytics and augmented reality tools for the industry.
  • HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.
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Five Seasons Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Portugal Internet startups

Investing in tomorrow's leading consumer brands, today.

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Investment focus

  • Industry: Pet, E-Commerce, Food and Beverage
  • Stage:Series A, Series B, Seed
  • Geography: Germany, United Kingdom, France

Investor stats

  • Total investments: 41
  • Round size: Seed $1.8M–$7.8M; Series A $3.6M–$17M; Series B $9.3M–$29M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $211M in 2021

Portfolio highlights

  • JUUZ — JUUZ is a “first-mover” in the functional beverage space, pioneering an entirely new category of protein soda that combines the refreshing qualities of a traditional carbonated drink with the nutritional benefits of high-quality protein.
  • Years — Years is a fresh dog food subscription and delivery box to help your dog live a longer, healthier & happier life. Backed by nutritionists & vets made in the UK.
  • Tropic Biosciences — Tropic transforms agriculture with cutting-edge genetic innovation. Together, we're building a productive and sustainable future for growers.
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Internet VC funding in Portugal at a glance

Stats across 64 deals from 68 investors.

68
investors
in Portugal Internet startups
64
deals
in Portugal Internet startups
$531k
median round
in Portugal Internet startups
41%
lead investors
lead at least one round
44%
Seed
most common funding stage

Access all 68 VC funds in Portugal Internet startups.

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