# Top 20 Manufacturing VC (Venture Capital) Funds in Portugal in June 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 9 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Health Care 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 ## Caixa Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 5 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS 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. ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 5 - Stages: Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence 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. ## HCapital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Power Grid, Information Technology We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds. ## REDangels - Type: VC Fund - Location: Aveiro, Aveiro, Portugal - Relevant deals: 3 - Stages: Seed, Pre-Seed, Angel - Focus: Mobile, Internet of Things, Internet They believe the unbelievable and trust the untrustable. ## Indico Capital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Information Technology, E-Commerce, B2B 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. ## Notion Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, SaaS Notion Capital is a VC firm focused on European SaaS and Cloud. ## Join Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Manufacturing JOIN Capital is an early stage VC focused on Seed and Series A investments in Industry 4.0 and enterprise tech. Our portfolio companies are front and center at factories, delivering smart machinery and robotics for high-volume manufacturing. They’re behind the scenes with powerful algorithms for managing global production systems. They rethink andrewire essential processes, with the goal of maximizing human capabilities. We invest in technologies related to core business functions: operations, manufacturing, data analytics, supply chain and software development. We seek innovative solutions to real customer problems that have achieved product-market fit. Technologies we invest in include: machine learning, robotics, cloud computing, IoT, smart sensors. ## Olisipo Way - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Software, FinTech, Marketplace 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. ## Innovation Nest - Type: VC Fund - Location: Kraków, Malopolskie, Poland - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, E-Commerce Innovation Nest invest in early stage B2B SaaS startups from Europe and help them grow from local to global using our network of contacts and strong in-house competencies. It strongly believes that the path to growth leads through Silicon Valley and strongly encourage our portfolio startups to set up presence there. The company supports high-techcompanies to grow faster and scale their business globally. ## EDP Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Energy, Information Technology EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space ## Techstars Autonomous Technology - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: CleanTech, Manufacturing, Nanotechnology ## Hiero - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Pre-Seed - Focus: Software, Compliance, Marketplace Hiero is a holding company that has developed, invested in, and contributed to dozens of early-stage ventures. ## Bynd Venture Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Health Care Bynd is a leading Iberian Venture Capital firm ## Lince Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Venture - Series Unknown - Focus: E-Commerce, Information Technology, Retail 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. ## Betwixt Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Drones, Energy, Mobile Betwixt Ventures focuses on bringing together startups with Venture Capital Investors.By raising a pledge fund exclusively targeting investments on early stage startups with high potential, Betwixt Ventures proposes to add value through the following main activities:• Origination, screening, negotiation of deal terms, and monitoring of vettedstartups• Startup follow up, mentoring, consulting and value creation• Attraction of venture capital funds and placement of further investment rounds• Attraction of exit opportunities and facilitation of exit processStarting its capital raise in October 2015, the pledge fund will exclusively target investments on early stage startups typically based out of Portugal. At a second stage, it intends to invest also in Spanish and Italian startups. While no particular industry will be ruled out from the investment scope, the pledge fund will tend to focus on the broad technology and energy sectors. As a pre-requisite, it will either invest in startups previously vetted by other Business Angels, or co-invest in them with other seed or venture capital funds as partners. The focus of the pledge fund will be to invest in the gap between seed and series A rounds. Upon the investment at this stage, Betwixt Ventures will seek to attract further institutional investment rounds, internationally.On top of the pledge fund management, Betwixt Ventures will also offer both financial and general advisory services to startups. The former include either the attraction of venture capital funds for placement of further investment rounds, or the attraction of strategic buyers for potential M&A transactions, mainly in the US market. The later encompass 360 degrees consulting to startups, from marketing & sales, to business development and management. ## Beta Capital - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Software, Health Care, Biotechnology We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory. ## Golden Egg Check Capital - Type: VC Fund - Location: Enschede, Overijssel, The Netherlands - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven. ## 200M - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Series A - Focus: Health Care, Artificial Intelligence, Retail 200M is a Portuguese public fund of 200 million euros designed to co-invest with the best VCs from around the world in startups which are growing their business out of Portugal. ## Novabase Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Analytics 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.