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Top 10 Mobile Advertising VC Funds & Investors in Portugal (August 2026)

The most active venture capital funds investing in Portugal Mobile Advertising startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Mobile Advertising startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
LC Ventures
VC Fund
2 Portugal, United Kingdom, Poland Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $11k–$12M
Shilling VC
VC Fund
2 Portugal, Spain, United States Seed, Pre-Seed, Series A Information Technology, Software, Artificial Intelligence $125k–$20M
Semapa Next
VC Fund
1 Portugal, United Kingdom, Germany Series A, Seed, Series B Software, Artificial Intelligence, SaaS $222k–$51M
ADvantage
VC Fund
1 United States, Israel, India Series A, Series B Sports, Mobile Apps, Apps $5M–$25M
Cetacean Capital
VC Fund
1 Portugal, Switzerland, France Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Web3 $125k–$9.5M
Sportinveste Multimedia
VC Fund
1 Portugal Series A PaaS, Soccer, Sports
REDangels
VC Fund
1 Portugal, United States, Poland Seed, Pre-Seed, Angel Mobile, Machine Learning, Internet of Things $11k–$1.6M
Clever Advertising
VC Fund
1 Portugal, Lithuania, United States Seed, Pre-Seed, Convertible Note Mobile Apps, PaaS, SaaS
APEX Capital
VC Fund
1 China, Portugal Series A PaaS, Soccer, Sports $1.4M–$9.9M
Morningstar Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$25M
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Investor list

LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Mobile Advertising 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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Shilling VC
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Mobile Advertising 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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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Mobile Advertising 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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ADvantage
VC Fund · Jerusalem, Yerushalayim, Israel · 1 investments in Portugal Mobile Advertising startups

ADvantage Sports Tech Fund invests in early-stage technology companies aimed at shaping the future of sports. ADvantage is backed by leAD Sports, an initiative spearheaded by the grandchildren of Adi Dassler to further sports innovation, and global hybrid venture capital platform, OurCrowd. ADvantage is leveraging a strong global network to sourceleading opportunities in the spaces of fan engagement and experience, connected athletes and communities, and derivative sports (eSports, fantasy, and new sports).

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Investment focus

  • Industry: Sports, Mobile Apps, Apps
  • Stage:Series A, Series B
  • Geography: United States, Israel, India

Investor stats

  • Total investments: 11
  • Round size: Series A $5M–$25M; Series B $10M–$15M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Ladder — Get stronger & workout more. Free 7 day trial, no credit card needed!
  • Greenfly — Greenfly's short-form media orchestration software platform captures, collects, organizes & distributes videos & photos to drive fan engagement and boost revenue for sports and entertainment organizations.
  • Recapp — Recapp Sports Highlights is a video-format app for NBA, NFL, CBB, WNBA, MLB, NHL, CFB, and MLS game recaps, news, and highlights in one app
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Cetacean Capital
VC Fund · Delaware, Ohio, United States · 1 investments in Portugal Mobile Advertising startups

We place investments & form partnerships with disruptive visionaries to accelerate their ideas to market.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Switzerland, France

Investor stats

  • Total investments: 12
  • Round size: Seed $125k–$9.5M; Pre-Seed $250k–$1.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • StaySAFU — Security leader building the Web3 Security Layer, offering comprehensive solutions across blockchains to protect investors and project.
  • Wisdomise — Wisomise is an intelligence-augmented ecosystem, which offers you all you need in order to gain the most out of your Web3 investments, in terms of both better returns as well as more informed risks.
  • Mobula Labs — onchain trading & data infrastructure powering @ChainLink, @fomo, top traders & MMs
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Sportinveste Multimedia
VC Fund · Linda-a-velha, Lisboa, Portugal · 1 investments in Portugal Mobile Advertising startups

Sportinveste Multimédia is a company formed by a partnership between the Portugal Telecom Group and Grupo Sportinveste. Having in its genesis the management of sports portals, Sportinveste Multimédia currently develops a broader activity in the area of ​​information technology combined with the production and management of content in the sportsarea, either through the exploration of own channels or working in close relation With their partners. By establishing strategic partnerships with the main football clubs and organizations in Portugal, it now acts both in the informative component and in the sales area of ​​products and services. Having as target audience the members and supporters of sports clubs. The company offers these services through the telephone, internet and mobile channels.

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Investment focus

  • Industry: PaaS, Soccer, Sports
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 1 investments in Portugal Mobile Advertising 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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Clever Advertising
VC Fund · Porto, Lisboa, Portugal · 1 investments in Portugal Mobile Advertising startups

We are an online advertising company. Experts on leading monetization models. With cutting-edge online media campaigns, online content and traffic management.

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Investment focus

  • Industry: Mobile Apps, PaaS, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Portugal, Lithuania, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • Replai — Founded in 2019, Replai is the world’s first video-based creative insights platform that empowers brands to maximize the performance and engagement of their videos. Blending computer vision and AI technology, Replai has solved a long-standing problem that helps brands recalibrate their videos so they can maximize growth and build communities.Replai partners with some of the biggest global brands and mobile apps companies. Based in San Francisco, Replai is a privately-held, venture-backed company, with offices in London and Porto.
  • betty.football — betty, the world's first AI-powered football assistant, that makes real-time goals predictions and offers valuable statistical insights to football fans. Using artificial intelligence models, proprietary algorithms, and machine learning techniques, betty analyzes major leagues, their clubs, history, and behaviors to develop her skills.Recently, with the addition of Chat GPT's innovative technology, betty's capabilities are set to expand even further. Chat GPT's expertise in natural language processing and machine learning will complement betty's existing features, making it easier for fans to receive real-time updates and personalized recommendations.
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APEX Capital
VC Fund · Changning, Shanghai, China · 1 investments in Portugal Mobile Advertising startups

APEX Capital is an equity investment fund.

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Investment focus

  • Industry: PaaS, Soccer, Sports
  • Stage:Series A
  • Geography: China, Portugal

Investor stats

  • Total investments: 2
  • Round size: Series A $1.4M–$9.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zannan — Zannan specializes in the production of zhan catalysts and HNBR rubber.
  • RealFevr — Collect moments with the most iconic video moments of your favourite football players.
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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Portugal Mobile Advertising startups

We are a proprietary investment firm focused on digital assets and blockchain technology, primarily focused on the Elrond Ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 148
  • Round size: Seed $1.5M–$10M; Series A $1.6M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • OP_NET — OPNET is a Bitcoin Layer 1 metaprotocol that enables smart contracts to function directly on the Bitcoin blockchain, without the use of sidechains or Layer 2 solutions.
  • Watch.fun — Luxury watch drops. Win a Rolex for as little as $7, drops weekly. Certified by Wristcheck. Backed by @TheSpartanGroup @SolanaVentures @BigBrainVC and more...
  • Space — The first leveraged prediction market on @solana
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Mobile Advertising VC funding in Portugal at a glance

Stats across 6 deals from 12 investors.

12
investors
in Portugal Mobile Advertising startups
6
deals
in Portugal Mobile Advertising startups
$2.7M
median round
in Portugal Mobile Advertising startups
25%
lead investors
lead at least one round
33%
Pre-Seed
most common funding stage

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