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Top 45 Machine Learning VC Funds & Investors in Portugal (July 2026)

The most active venture capital funds investing in Portugal Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Machine Learning 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
10 Portugal, United States, France Seed, Pre-Seed Software, Information Technology, Health Care $107k–$2.1M
Faber
VC Fund
6 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $34k–$25M
Caixa Capital
VC Fund
5 Portugal, United States, Spain Seed, Series A, Series B Software, SaaS, Information Technology $120k–$23M
Shilling VC
VC Fund
5 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Internet $208k–$20M
TheVentureCity
VC Fund
2 United States, Spain, Brazil Seed, Pre-Seed, Series A Software, SaaS, Information Technology $100k–$45M
Grupo Lusiaves service
VC Fund
2 Sweden, Portugal Seed, Post-IPO Equity Computer, Consumer, Software $81k–$330k
GED Ventures Portugal
VC Fund
2 Portugal, France, Germany Seed, Venture - Series Unknown, Pre-Seed Software, Artificial Intelligence, Health Care $1.6M–$38M
Crane Venture Partners
VC Fund
2 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, Artificial Intelligence $2.7M–$39M
Draper Associates
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, FinTech, Information Technology $1M–$50M
COREangels Lisbon
VC Fund
1 Portugal, Finland, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Marketing $83k–$2.7M
Recuperar Portugal
VC Fund
1 Portugal Pre-Seed, Venture - Series Unknown Software, Psychology, Mental Health
Lince Capital
VC Fund
1 Portugal, United Kingdom, United States Seed, Venture - Series Unknown, Series A E-Commerce, Artificial Intelligence, Health Care $1000k–$16M
EDP Ventures
VC Fund
1 United States, Portugal, Brazil Seed, Series A Energy, Software, Information Technology $478k–$14M
Uniera
VC Fund
1 Portugal Series A Cyber Security, Machine Learning, Information Technology
SHIFT Invest
VC Fund
1 The Netherlands, France, Germany Seed, Series A, Series B Biotechnology, Software, Manufacturing $549k–$18M
WISENEXT
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, SaaS, Internet $165k–$1.6M
European Institute of Innovation and Technology
VC Fund
1 Portugal, France, Sweden Grant, Pre-Seed Information Technology, Software, Artificial Intelligence $75k–$295k
Maersk Growth
VC Fund
1 United States, United Kingdom, Denmark Series A, Seed, Series B Logistics, Supply Chain Management, Software $1.3M–$115M
Augusta Investments
VC Fund
1 United States, Spain, Brazil Seed, Series A, Series B Software, Mobile, SaaS $770k–$45M
J12
VC Fund
1 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $1.2M–$30M
COREangels
VC Fund
1 Spain, Portugal, United States Seed, Pre-Seed, Series A Software, SaaS, Information Technology $150k–$17M
Workday Ventures
VC Fund
1 United States, Canada, United Kingdom Series B, Series A, Series C Software, SaaS, Artificial Intelligence $7.3M–$200M
Conexo Ventures
VC Fund
1 Spain, Mexico, Portugal Seed, Series A FinTech, Software, SaaS $1M–$25M
Bewater Funds
VC Fund
1 Spain, Colombia, Portugal Seed, Secondary Market Software, SaaS, Machine Learning $24k–$2.1M
M4 Ventures
VC Fund
1 Portugal, United Kingdom, United Arab Emirates Seed, Series A, Venture - Series Unknown SaaS, Beauty, FinTech $2.1M–$5.3M
University of Beira Interior
VC Fund
1 Portugal Seed Consulting, Machine Learning, Professional Services
Wefunder
VC Fund
1 United States, Kenya, France Seed, Pre-Seed, Equity Crowdfunding Software, SaaS, E-Commerce $51k–$2.7M
LC Ventures
VC Fund
1 Portugal, United Kingdom, China Seed, Pre-Seed, Series A Information Technology, Artificial Intelligence, SaaS $11k–$12M
Notion Capital
VC Fund
1 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS $1.1M–$60M
REDangels
VC Fund
1 Portugal, Poland, Germany Seed, Pre-Seed, Angel Mobile, Internet of Things, Internet $11k–$3M
Forestay Capital
VC Fund
1 Switzerland, United States, Germany Series B, Series C, Series A Software, Information Technology, SaaS $2M–$110M
Investo
VC Fund
1 United States, Mexico, Chile Seed, Pre-Seed, Angel E-Commerce, Internet, Financial Services $120k–$5M
Future Energy Ventures
VC Fund
1 Germany, United States, Israel Seed, Series A Software, Energy, Information Technology $1.2M–$27M
Bright Pixel Capital
VC Fund
1 United States, Portugal, Israel Series A, Series B, Seed Software, Information Technology, SaaS $1.1M–$35M
CORFO
VC Fund
1 Chile, Argentina, Peru Seed, Grant, Pre-Seed Software, SaaS, Artificial Intelligence $19k–$280k
Armilar Venture Partners
VC Fund
1 Portugal, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$17M
Gorilla Capital
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, SaaS, Information Technology $149k–$5M
Dispatch Ventures
VC Fund
1 Canada, United States, Nigeria Seed, Pre-Seed, Series A Software, Internet, Financial Services $125k–$18M
Novabase Capital
VC Fund
1 Portugal, United States Seed, Pre-Seed Software, Information Technology, Analytics $576k–$3M
Superlyst Ventures
VC Fund
1 Germany, Portugal Seed, Pre-Seed Software, Privacy, Computer $1.4M–$4.4M
Rock International Group
VC Fund
1 Portugal Series A Energy, Machine Learning, Artificial Intelligence
European regional development fund (ERDF)
VC Fund
1 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Biotechnology $27k–$2.2M
Sonae
VC Fund
1 Spain, Portugal Seed, Series A, Equity Crowdfunding SaaS, Robotics, Software
LocalGlobe
VC Fund
1 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$33M
Cusp Capital
VC Fund
1 Germany, Spain, France Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $2.7M–$22M
Access all 81 VC funds in Portugal Machine Learning 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 · 10 investments in Portugal Machine Learning 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: 261
  • Round size: Seed $110k–$2.1M; Pre-Seed $107k–$658k
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • 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.
  • Codeplace — The best place to develop your coding skills with a comprehensive, specially curated list of tutorials and books.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 6 investments in Portugal Machine Learning startups

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: 91
  • Round size: Seed $549k–$5.2M; Pre-Seed $34k–$3.8M; Series A $2.5M–$25M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Vyoma GmbH — Vyoma ensures satellite safety and real-time mapping of space objects with cameras on satellites paired with automation services.
  • Apres — Apres is a distributed learning engine built to enable high-performance, user-friendly AI for the world.
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Machine Learning 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, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 74
  • Round size: Seed $120k–$2.5M; Series A $3M–$12M; Series B $1.1M–$23M
  • Lead/follow: 19% lead, 81% 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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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Machine Learning 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, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 89
  • Round size: Seed $603k–$5M; Pre-Seed $208k–$3M; Series A $5M–$20M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Tucuvi — Tucuvi is a digital health startup on a mission to make healthcare efficient and accessible so all patients can have the best life quality at home. We offer a virtual care platform based on Lola, the first AI voice-based virtual nurse that accompany and monitor health status of patients by naturally speaking with them via phone calls.
  • Punto Health — AI-Powered, Personalised Support for Every Patient and Family
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TheVentureCity
VC Fund · Miami, Florida, United States · 2 investments in Portugal Machine Learning 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, SaaS, Information Technology
  • 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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Grupo Lusiaves service
VC Fund · Leiria, Leiria, Portugal · 2 investments in Portugal Machine Learning startups

Lusiaves Group, founded in 1986 in Marinha das Ondas (Figueira da Foz), has continuously invested in vertical integration of the poultry sector to ensure full control of the entire animal production process. The verticalization of the industry is made possible by a commitment to continual learning about the poultry market and through the adoptionof agrifood innovation, food quality and safety, animal health and nutrition, sustainability, and human resources as the cornerstones of its operations. Those bets enabled the Lusiaves Group to grow and expand, combined with solid teamwork, supported by career advancement, and the ability to continually improve individual and collective work daily.

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Investment focus

  • Industry: Computer, Consumer, Software
  • Stage:Seed, Post-IPO Equity
  • Geography: Sweden, Portugal

Investor stats

  • Total investments: 4
  • Round size: Post-IPO Equity $81k–$330k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.
  • Scandi Standard — Welcome to Scandi Standard. We want to inspire you to choose chicken: a good, healthy choice, which is ideal for today’s consumers. We sell the finest Swedish, Danish, Norwegian and Finnish chicken under the Kronfågel, Danpo, Den stolte Hane and Naapurin Maalaiskana brands. We are the leading chicken producer in the Nordic region, serving thedomestic and export markets.In June 2013, we created the Nordic region's market-leading chickenbased product group when Scandi Standard was established. The Company was created by gathering the largest poultry operations in the region into one collective group. At present, the Group has an annual turnover of approximately SEK 5.2 billion and almost 1,700 employees.
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GED Ventures Portugal
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Machine Learning 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 $1.6M–$3.3M; Venture - Series Unknown $12M–$38M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Rofim — Rofim is a telemedicine platform which offers secure collaborative medical diagnostic services for healthcare professionals.
  • 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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Crane Venture Partners
VC Fund · London, England, United Kingdom · 2 investments in Portugal Machine Learning startups

Crane is a London based VC firm investing and building seed and early stage intelligent enterprise and deep technology businesses across Europe. Our strategy is to support founders in building and executing their go-to-market strategy.

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Investment focus

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

Investor stats

  • Total investments: 126
  • Round size: Seed $2.7M–$8.8M; Series A $8M–$39M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Qovery — Qovery is a DevOps automation tool that lets developers deploy and scale applications on their cloud by simplifying and automating infrastructure so tech teams can focus on what matters most: building great products.
  • Nuclia — With Progress Agentic RAG, auto-index files and documents, streamlining use cases with LLMs and AI agents.
  • ConfigHub Inc. — ConfigHub will unify and centralize software infrastructure configuration in a way that existing tools do not.
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Draper Associates
VC Fund · San Mateo, California, United States · 2 investments in Portugal Machine Learning startups

Draper Associates, founded in 1985, is a seed-stage venture capital firm that helps entrepreneurs to drive their businesses to greatness. We understand that a great company takes time to build and we'd like to ensure that entrepreneurs are in for the long haul.

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Investment focus

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

Investor stats

  • Total investments: 402
  • Round size: Seed $1M–$8.3M; Series A $2.3M–$23M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • CryptoMove — Buy a perfect domain name from Sudos.com. Discover thousands of domain names available for sale. Sudos.com keeps you safe.
  • Peer Robotics — Discover the latest cutting-edge robotics solutions at Peer Robotics. We offer innovative products and services to revolutionize industries.
  • Picnic — The Picnic Pizza System is a modular, easy-to-use, automated pizza assembly system that saves time, money, and labor without compromising quality.
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COREangels Lisbon
VC Fund · 1 investments in Portugal Machine Learning startups

COREangels Boston is a group of operators and entrepreneurs investing at the angel stage in startups which have low capital costs and are either special situations or unicorns-in-waiting.

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Investment focus

  • Industry: Artificial Intelligence, Software, Marketing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Finland, United Kingdom

Investor stats

  • Total investments: 14
  • Round size: Seed $1.3M–$2.7M; Pre-Seed $83k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tilect — Tilect built the Intelligent Algorithm Builder (IAB), an AI platform that lets business teams forecast sales, optimize and simulate pricing strategies in minutes. No months of spreadsheets, no costly consultants, just direct conversations with AI that deliver tailored solutions to real business constraints. The results speak for themselves: +90%forecast accuracy, profit gains of up to 200k/year in pilots. Tilect works with companies generating B€/year in revenue, helping them unlock 1–5% margin improvements. By replacing spreadsheets, consultants and slow internal AI teams, Tilect helps enterprises turning decision-making into a scalable, intelligent system that drives measurable growth.
  • Weiver — Weiver helps businesses professionally manage, improve, and analyze reviews with a centralized AI platform.
  • GOVA — GOVA is a food-biotech startup that uses creativity and delicious flavor to create the healthiest sugar on the planet.
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Access 48,091 investors

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

Browse database — It's Free!
Recuperar Portugal
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Machine Learning startups

Recuperar Portugal offers a Recovery and Resilience Plan, which is a national program, which will implement a set of reforms and investments aimed at boosting the country on the path of recovery, sustained economic growth, and convergence.

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Investment focus

  • Industry: Software, Psychology, Mental Health
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Eleuzis — Eleuzis is committed to humanizing healthcare and eradicating curable mental illness. As an impact organization incubated at the Instituto Pedro Nunes (IPN), the incubator of the University of Coimbra, Eleuzis has garnered significant support, including a grant from Startup Portugal. Additionally, the organization has been selected for a cohort atEIT Health, further advancing its mission to make mental healthcare more accessible and effective.
  • Visor.ai — Build AI Agents that learn from your business, take action across systems, and achieve up to 85% automation rate.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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: E-Commerce, Artificial Intelligence, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, United Kingdom, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $1000k–$11M; Series A $5M–$16M; Venture - Series Unknown $1.3M–$13M
  • Lead/follow: 53% lead, 47% follow

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%.
  • 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.
  • Data4Deals — Data4Deals applies Artificial Intelligence to financial data to understand customer preferences and behaviour, allowing brands to reach new customers and deepen relationships with existing ones.
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EDP Ventures
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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: United States, Portugal, Brazil

Investor stats

  • Total investments: 59
  • Round size: Seed $478k–$4.1M; Series A $2.5M–$14M
  • Lead/follow: 27% lead, 73% 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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Uniera
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Portugal Machine Learning startups

Uniera is a crypto asset investment platform and manager.

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Investment focus

  • Industry: Cyber Security, Machine Learning, Information Technology
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • NAORIS — Naoris is the world’s first holistic distributed cybersecurity ecosystem, bringing a game-changing solution to address 35 years of industry miss-practice by leveraging this unrivaled and disruptive distributed consensus backed rule system.Naoris offers the next generation cybersecurity solutions for any size organisation, from startups to highlyregulated industry and typically hard to defend environments, including governments, the military, and nation state based organization.​Naoris becomes a major player in cybersecurity advancement technologies utilizing proprietary distributed cyber-intrusion detection and de-risking systems that use a combination of technologies such as distributed ledger technology (DLT), elevated network consensus combined with AI and machine learning.​
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SHIFT Invest
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Portugal Machine Learning startups

SHIFT Invest is a Dutch venture capital fund that invests in early stage environmental impact startups

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Investment focus

  • Industry: Biotechnology, Software, Manufacturing
  • Stage:Seed, Series A, Series B
  • Geography: The Netherlands, France, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $549k–$6.5M; Series A $3.5M–$9.9M; Series B $2.6M–$18M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $129M in 2020

Portfolio highlights

  • Foamlab — FoamLab specializes in high-performance, bio-based foams made from bacterial nanocellulose and develops a new class of sustainable foams made from bacterial cellulose, a natural and renewable material grown through fermentation.
  • Vertoro — Vertoro transforms woody and agricultural residues into a wide range of bio-based chemicals, materials, and fuels.
  • foodforecast — AI supported solution to reduce food waste.
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WISENEXT
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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
  • Geography: Portugal, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $478k–$1.6M; Pre-Seed $165k–$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.
  • Relive — Relive is empowering the next generation of real estate entrepreneurs, with a mobile app that allows them to work for themselves, from anywhere, while saving time and earning commissions faster.
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European Institute of Innovation and Technology
VC Fund · Budapest, Budapest, Hungary · 1 investments in Portugal Machine Learning startups

EIT empowers entrepreneurs and innovators to support the development of innovative solutions to pressing global challenges, aiming to turn ideas into products, services, and jobs for Europe.It has set up Europe’s largest innovation network with more than 2000 partners from leading business, research, and education organizations across Europeworking together in more than 60 innovation hubs across Europe. The EIT Community offers a wide range of innovation and entrepreneurship activities across Europe: entrepreneurial education courses, innovation-driven research projects, and business creation and acceleration services.By creating unique opportunities for talented innovators, entrepreneurs, and students, the EIT has powered more than 3 100 start-ups and scale-ups that have gone to raise more than EUR 3.3 billion in external capital with more than 1 170 new products and services created. 3 100 students have already graduated from EIT labeled master and doctoral programs and over 10 000 have participated in EIT Community entrepreneurial training.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: Portugal, France, Sweden

Investor stats

  • Total investments: 8
  • Round size: Grant $75k–$295k
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $63M in 2020

Portfolio highlights

  • Aurrigo International — Global Transport Technology Leaders Engineering a Sustainable Future.
  • resourcly — Resourcly is on a mission to enable a circular economy with industrial symbiosis. We provide a B2B Industrial Inventory Sharing Platform to connect manufacturers and their partners to reuse resources and monetize industrial waste.
  • SpaceCrop — SpaceCrop is an agricultural software company that helps farms manage irrigation and increase crop resiliency using satellite data and artificial intelligence.
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Maersk Growth
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Portugal Machine Learning startups

Integrated logistics company and global leader in container shipping.

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Investment focus

  • Industry: Logistics, Supply Chain Management, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Denmark

Investor stats

  • Total investments: 84
  • Round size: Seed $1.3M–$4.8M; Series A $10M–$22M; Series B $10M–$115M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Nabu — Connecting shipping data to logistics tools.
  • WasteFuel — WasteFuel produces renewable fuels using proven technologies to address the climate emergency and revolutionize mobility.
  • Clockwork Logistics Systems — Intelligent Delivery Automation for the Global Supply Chain - Clockwork digitizes processes and extend existing systems into the people who do work to deliver goods across the global supply chain through a software only digital platform.
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Augusta Investments
VC Fund · San Francisco, California, United States · 1 investments in Portugal Machine Learning startups

Seed/Early Technology Investments

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Investment focus

  • Industry: Software, Mobile, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Brazil

Investor stats

  • Total investments: 36
  • Round size: Seed $770k–$3M; Series A $2.5M–$25M; Series B $3.6M–$45M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Rappi — Rappi is a consumer tech company that specializes in providing online delivery services. It connects consumers who want to purchase prepared foods, groceries, clothes, and virtually anything with independent contractors who can fulfill those needs. The company was founded in 2015 with its main offices in Bogota, Colombia.
  • Dropbox DocSend — Try our secure document sharing platform for free. Instantly know when documents are opened & what pages are read. Easy-to-use eSignatures.
  • Augusta Gold — Augusta Gold is an exploration and development company focused on creating long-term stakeholder value. It develops the Reward and Bullfrog gold projects and pursues accretive merger and acquisition opportunities. The company's projects are situated in the Bullfrog mining district, Nevada, and possess existing infrastructure for accelerateddevelopment.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Portugal Machine Learning 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, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1.5M–$7.6M; Pre-Seed $1.2M–$1.7M; Series A $5.8M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • VALIDIO — Real-time data validation and data quality monitoring for modern data teams. Abstracting complexity away from data engineering.
  • 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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COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 1 investments in Portugal Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 57
  • Round size: Seed $271k–$5.2M; Pre-Seed $150k–$1.4M; Series A $15M–$17M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pawer — B2C insurance subscription for pet owners
  • 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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Workday Ventures
VC Fund · San Francisco, California, United States · 1 investments in Portugal Machine Learning startups

Workday Ventures helps accelerate innovation by connecting next-generation enterprise technology companies with Workday, customers, and the broader community. Learn more

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 99
  • Round size: Series A $7.3M–$55M; Series B $20M–$50M; Series C $30M–$200M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $250M in 2018

Portfolio highlights

  • Pulsora — Use Pulsora to centralize and automate ESG metrics collection, measure carbon emissions, prepare reports and disclosures, and track performance.
  • Scoop — Thrive in a hybrid work environment with Scoop's solutions for Workplace Safety, Workplace Utilization, Team Coordination, Desk Management, and Commute.
  • Straiker — Security for agentic AI applications built from the ground up with fine-tuned models to protect and secure every layer of your agentic AI stack.
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Conexo Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Machine Learning startups

We invest in exceptional individuals with the passion for solving hard challenges and bringing disruptive innovation to high growth markets.

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Investment focus

  • Industry: FinTech, Software, SaaS
  • Stage:Seed, Series A
  • Geography: Spain, Mexico, Portugal

Investor stats

  • Total investments: 32
  • Round size: Seed $1M–$7.7M; Series A $2.7M–$25M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Buildpeer — Buildpeer is a project management software for construction fields. The company was founded by Mauricio Valdes in 2021 and is headquartered in Garza García, Nuevo Leon, Mexico.
  • Hotelverse — Hotelverse allows customers search over hotels on their platform and book rooms as per their requirements.
  • Savana — Electronic Health Records reuse, with Clinical Natural Language Processing.
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Bewater Funds
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Machine Learning startups

Bewater Funds manages closed-end funds that invest in excellent, unlisted private companies. Entity supervised by the CNMV. Only for professional clients.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Secondary Market
  • Geography: Spain, Colombia, Portugal

Investor stats

  • Total investments: 21
  • Round size: Seed $291k–$2.1M; Secondary Market $24k–$281k
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Pekata — Permite a tus empleados que personalicen sus lotes de Navidad y que sean memorables.
  • Inversiva — Inversiva is a real estate investment firm that offers property management, rental, and renovation services.
  • Product Hackers — Crecimiento real, sin humo. Activa estrategias de Full Business Growth para escalar tu negocio con impacto, foco y sostenibilidad.
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M4 Ventures
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Machine Learning startups

M4 Ventures helps startups to grow and expand globally through experience and hands-on collaboration.

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Investment focus

  • Industry: SaaS, Beauty, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Portugal, United Kingdom, United Arab Emirates

Investor stats

  • Total investments: 9
  • Round size: Seed $2.1M–$5.3M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • 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.
  • PayNest — PayNest is a payments amalgamator, which was created with the core mission of digitizing cash collection in the Middle East.
  • sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
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University of Beira Interior
VC Fund · Covilhã, Castelo Branco, Portugal · 1 investments in Portugal Machine Learning startups

The University of Beira Interior's mission is to "promote the highest level of qualification, production, transmission, review and dissemination of knowledge, culture, science and technology, through study, teaching and research.

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Investment focus

  • Industry: Consulting, Machine Learning, Professional Services
  • Stage:Seed
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • DeepNeuronic — Transform surveillance with AI-powered computer vision. Real-time threat detection, traffic monitoring, and intelligent analytics for safer operations.
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Wefunder
VC Fund · San Francisco, California, United States · 1 investments in Portugal Machine Learning startups

Wefunder is a crowd investing platform that offers capital raising services. The company's online platform offers investment services to startups through its investors' userbase and disruptive companies can receive amount as small as hundred dollars, enabling companies to grow and develop their businesses.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 88
  • Round size: Seed $200k–$2.7M; Pre-Seed $89k–$1.5M; Equity Crowdfunding $51k–$1M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $25k in 2022

Portfolio highlights

  • Kombuchery — Establish the leading health and lifestyle brand in the beverage industry. We aim to establish a socially-responsible, healthier, and more affordable alternative to conventional beverages in the market, while disrupting the traditional beverage value chain by leveraging direct-to-consumer subscription and digital marketing channels.
  • Trace
  • Firesale — Firesale is an AI-powered resale marketplace built for people with too much stuff and zero time. Sellers record a 2-second video, and Firesale’s AI instantly generates the title, description, photos, and price. No typing, no pricing games, no endless messages — just tap, record, and sell. Designed to feel like a digital yard sale, Firesale makes iteffortless to turn clutter into cash locally, with Uber-powered pickup and delivery options.
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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United Kingdom, China

Investor stats

  • Total investments: 36
  • Round size: Seed $380k–$4.9M; Pre-Seed $11k–$329k; Series A $6M–$12M
  • Lead/follow: 36% lead, 64% 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.
  • Cleanwatts — We simplify, amplify and accelerate energy decarbonization for companies and communities around the world. Our clients call upon us to improve their energy efficiency performance and to increase their access to affordable clean energy. Join Cleanwatts today.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
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Notion Capital
VC Fund · London, England, United Kingdom · 1 investments in Portugal Machine Learning startups

Notion Capital is a VC firm focused on European SaaS and Cloud.

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Investment focus

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

Investor stats

  • Total investments: 275
  • Round size: Seed $1.1M–$7M; Series A $4.5M–$26M; Series B $7.5M–$60M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Volo Commerce — Volo brings together data and intelligence from all over the commerce ecosystem and uses AI to provide real-time actionable insights.
  • Zattikka — Zattikka Ltd was founded this year by Tim Chaney and Mark Opzoomer. Chaney has worked at the top of the videogame industry for 25 years, engineering two sales of and two MBO's of Virgin Interactive companies. Opzoomer as CEO of Yahoo! Europe and Rambler.com strategised and executed major business turnarounds. Zattikka is a blend of videogame,internet platform/distribution and internet/mobile gaming talent targeting fast track growth via acquisition of development talent and creation of IP.
  • Endra — Endra is a software platform for mechanical, electrical, and plumbing (MEP) engineering that automates the design, modeling, and documentation of building systems. The platform generates 2D and 3D models, calculations, schedules, diagrams, and other engineering documentation from architectural and building design inputs. It supports disciplinessuch as electrical, fire alarm, HVAC, plumbing, and sprinkler system design, and integrates with Autodesk Revit and common CAD and BIM file formats. Endra uses artificial intelligence, simulation, and computational methods to assist with tasks such as system layout, cable routing, device placement, and documentation generation while helping engineers comply with applicable design standards and regulations. The platform is designed for MEP engineers and engineering firms seeking to reduce manual design and documentation work across construction projects.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 1 investments in Portugal Machine Learning startups

They believe the unbelievable and trust the untrustable.

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Investment focus

  • Industry: Mobile, Internet of Things, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Poland, Germany

Investor stats

  • Total investments: 23
  • Round size: Seed $110k–$3M; Angel $55k–$181k; Pre-Seed $11k–$55k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • 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.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Sensefinity — Sensefinity The Blockchain IoT Transformation Company Building the Internet of Cargo Where Assets autonomously connect to processes
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Forestay Capital
VC Fund · Genève, Geneve, Switzerland · 1 investments in Portugal Machine Learning startups, 6 in the past 12 months

Forestay Capital is dedicated to investing in the tech sector and reflects Waypoint’s focus on innovative, forward-looking industries in which it can leverage its entrepreneurial heritage and long-track record in helping businesses to realize their ambitions for growth. It is passionate about technologies that transform conventional models withsoftware and data to make an impact on business, practices, and people. It invests in revenue-generating technology companies in Europe, Israel, and in the US, and favors software and data-driven businesses that challenge established models.Forestay Capital was founded in 2017 and is headquartered in Geneve, Switzerland.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series B, Series C, Series A
  • Geography: Switzerland, United States, Germany

Investor stats

  • Total investments: 32
  • Round size: Series A $12M–$28M; Series B $2M–$49M; Series C $7M–$110M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Convelio — Convelio is a global logistics startup specialized in bulky, fragile and high-value items.
  • Pivot — Pivot operates as a fintech company.
  • Fonoa — Manage your sales tax, VAT, and GST obligations seamlessly through our API, globally. For internet businesses around the world, we make taxes simple, automated, borderless, and accessible via our API.
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Investo
VC Fund · Mexico City, Distrito Federal, Mexico · 1 investments in Portugal Machine Learning startups

Lovable Generated Project

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Investment focus

  • Industry: E-Commerce, Internet, Financial Services
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Mexico, Chile

Investor stats

  • Total investments: 66
  • Round size: Seed $125k–$5M; Pre-Seed $120k–$1.5M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $100k in 2012

Portfolio highlights

  • Cuéntame — Cuéntame develops tools designed for employees' emotional wellbeing.
  • Holacasa — Holacasa te ayuda a conseguir tu hipoteca, comparando +11 bancos. Sin costo ni compromiso.
  • Cometa — Cometa provides technological and financial tools to increase access to quality education in Mexico and Latin America. Take off with the most recent developments in school administration. Maintain complete control over your reconciliation, billing, and operations.
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Future Energy Ventures
VC Fund · Essen, Nordrhein-Westfalen, Germany · 1 investments in Portugal Machine Learning startups

Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Seed, Series A
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 92
  • Round size: Seed $1.2M–$5M; Series A $4M–$27M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $293M in 2022

Portfolio highlights

  • Calipsa — Advanced video analytics for real-time security and forensic analysis. Calipsa is a cloud-based platform that uses AI to extract operational intelligence from video systems.
  • GridCARE — GridCARE is the essential one-stop power solution for AI data centers, delivering energy security and resilience at unprecedented speed.
  • Solarize — Solarize provides SaaS for energy production, distribution and billing for commercial microgrids.
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Bright Pixel Capital
VC Fund · Maia, Porto, Portugal · 1 investments in Portugal Machine Learning 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, Information Technology, SaaS
  • Stage:Series A, Series B, Seed
  • Geography: United States, Portugal, Israel

Investor stats

  • Total investments: 96
  • Round size: Seed $1.1M–$7.3M; Series A $5.4M–$16M; Series B $15M–$35M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • EatTasty — Fresh food delivery service in Lisbon. Easy to choose and order. Free delivery. Discover our delicious lunches and dinners!
  • 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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CORFO
VC Fund · Santiago, Region Metropolitana, Chile · 1 investments in Portugal Machine Learning startups

CORFO is an executing agency of government policy in the field of entrepreneurship and innovation, through tools and instruments compatible with the central tendencies of a social market economy, creating the conditions to achieve building a society of opportunities.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Chile, Argentina, Peru

Investor stats

  • Total investments: 111
  • Round size: Seed $20k–$120k; Grant $20k–$162k; Pre-Seed $19k–$280k
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Candel Medical Company — Candel combines conventional therapy with neuromodulation techniques and offers personalized remote therapy through a neurorehabilitation device (tES) and a multi-device mobile application. The devices are plug&play, have real time monitoring, and the possibility of remote access by professionals to follow up the therapy in their patients.
  • Califix Compliance — Califix Compliance is a SaaS platform that automates contractor audits for industries like mining, energy, and the environment. By aggregating financial, legal, and regulatory data in real time, Califix reduces compliance processes from months to seconds, enabling sustainable operations and helping companies avoid risks, fines, and operationaldelays.
  • DataRoot
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Armilar Venture Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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: 105
  • Round size: Seed $500k–$4.8M; Series A $4M–$17M
  • Lead/follow: 38% lead, 62% 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.
  • DOJO AI — Dojo AI is pioneering the Marketing Operating System (MOS) category, providing challenger brands with enterprise-grade marketing infrastructure. Its proprietary technology combines real-time market intelligence, specialized AI agents, and automated workflow orchestration in one unified platform.The Dojo MOS enables marketing teams to run theirentire operation - from market research and strategy to content creation and campaign execution - through a single, intelligent system. The platform features a proprietary graph engine for real-time market intelligence, marketing-specific language models, and autonomous AI agents trained for specialized marketing tasks.Built for challenger brands looking to compete more effectively, Dojo eliminates the need for multiple point solutions and reduces dependency on external agencies. The platform continuously learns and optimizes, providing companies with compounding advantages as they scale their marketing operations.
  • DareData
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Portugal Machine Learning startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 66
  • Round size: Seed $274k–$1.3M; Pre-Seed $149k–$680k; Series A $2.6M–$5M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Munchi — Munchi allows restaurants to manage all orders, payments and loyalty in one platform with the power of AI.
  • Mobal — It is time to get your Business Profiles in shape. Meet your customers where they are and stand out where it matters most.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Dispatch Ventures
VC Fund · Quebec, Quebec, Canada · 1 investments in Portugal Machine Learning startups

Dispatch Ventures invests in founders building early-stage technology companies. Over the years, Dispatch has nurtured dozens of startups- helping them find corporate clients, skilled employees, gain media coverage, and raise millions in venture capital.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, Nigeria

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$3.7M; Pre-Seed $125k–$3.1M; Series A $6M–$18M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Leav — Sign up for a free trial of the most intuitive mobile self-checkout platform designed for today's retailers.
  • Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.
  • Stamped Technologies — Stamped is an accounting firm using technology to provide SMEs with fast, easy and affordable financial and corporate tax preparation.
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Novabase Capital
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Machine Learning 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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Superlyst Ventures
VC Fund · Munich, Bayern, Germany · 1 investments in Portugal Machine Learning startups

Superlyst Ventures is a seed-stage investment collective, backed by an ecosystem of successful entrepreneurs.

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Investment focus

  • Industry: Software, Privacy, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Germany, Portugal

Investor stats

  • Total investments: 3
  • Round size: Seed $1.4M–$4.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kertos — Kertos is a software company that develops and provides a holistic privacy platform in Europe, implementing automation and execution in a highly regulated environment focusing on the operational needs for all stakeholders involved. With their focus on product, integration, and automation they enable businesses to scale, to adopt and to maneuver inmodern tech environments with only a fraction of the current workload. They drive consumer engagement and help companies to interact with their customers in sensitive matters.
  • Meight — Run your cargo on budget and on time with a few simple clicks, from your laptop. Forget phone calls, driver headaches, hardware and tech nightmares, forever.
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Rock International Group
VC Fund · 1 investments in Portugal Machine Learning startups

Rock International Group is a venture capital investment firm.

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Investment focus

  • Industry: Energy, Machine Learning, Artificial Intelligence
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Jungle AI — Jungle uses artificial intelligence to predict component failure, and poor performance in an advanced asset management software.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Portugal Machine Learning 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, Biotechnology
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $27k–$2.2M; Pre-Seed $44k–$1.3M
  • 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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Sonae
VC Fund · Maia, Porto, Portugal · 1 investments in Portugal Machine Learning startups

Sonae is a multinational company with a diversified portfolio of businesses in retail, financial services, technology, shopping centres, telecommunications

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Investment focus

  • Industry: SaaS, Robotics, Software
  • Stage:Seed, Series A, Equity Crowdfunding
  • Geography: Spain, Portugal

Investor stats

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

Portfolio highlights

  • THEKER Robotics — THEKER Robotics is a startup developing intelligent general-purpose robots for sectors such as waste management and logistics.
  • Movvo — The Movvo platform delivers smart business intelligence solutions for owners and operators of retail and commercial real estate that turns data into improved retail performance and better value engineering decisions. The platform combines consumer behaviour wireless sensor technology and digests other public and private datasets, enhancing theunderstanding of the data by applying machine learning to provide fast and easy interpretation of this data delivering insights and rapid scenario-planning. Whether it is measuring ROI or reporting KPI's, the Movvo platform has these bases covered. Where it comes into its own is via the application of machine learning Want to easily prepare a leasing pack that maximises the rental value, what to create additional incremental value from asset investment decisions, want to know the impact of changing the tenant from apparel retailer to food & beverage? The Movvo platform can deliver prescriptive intelligence and more.
  • Rethink Foods Company — Rethink Foods Company focuses on making plant-based and clean-label ice creams. Rethink Foods Company was founded in 2018 and was headquartered in Madrid, Spain.
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LocalGlobe
VC Fund · London, England, United Kingdom · 1 investments in Portugal Machine Learning startups

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

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Investment focus

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

Investor stats

  • Total investments: 337
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$3.3M; Series A $3.5M–$33M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Dataform — Develop and operationalize scalable data transformations pipelines in BigQuery using SQL.
  • CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
  • Circular — Developers-focused job platform for Software Developers, DevOps, Data Science & more. Sign up now and get access to successful hiring processes in Spain, Remote.
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Cusp Capital
VC Fund · Essen, Nordrhein-Westfalen, Germany · 1 investments in Portugal Machine Learning startups, 7 in the past 12 months

Cusp Capital is a venture capital firm focused on European software and technology. The fund invests in early-stage companies on the cusp of redefining their industries by channeling new socioeconomic and technological paradigms.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Germany, Spain, France

Investor stats

  • Total investments: 30
  • Round size: Seed $2.7M–$10M; Series A $6.8M–$12M; Venture - Series Unknown $3.2M–$22M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: May invest from a new fund soon — raised $341M in 2021

Portfolio highlights

  • CertHub — CertHub offers AI-powered software solutions for Technical Documentation, QMS and Design Control - tailored to the MedTech industry.
  • Laborai — Laborai is a fiscal and financial advisory platform.
  • Delta Labs — Elaiia by Delta Labs is an AI customer simulation platform that creates an artificial customer intelligence layer, predicting how customers respond to your decisions before you act.
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Machine Learning VC funding in Portugal at a glance

Stats across 53 deals from 81 investors.

81
investors
in Portugal Machine Learning startups
53
deals
in Portugal Machine Learning startups
$1.5M
median round
in Portugal Machine Learning startups
30%
lead investors
lead at least one round
45%
Seed
most common funding stage

Access all 81 VC funds in Portugal Machine Learning startups.

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