# Pathena

> Pathena is a VC fund in Porto backing B2B, Software and Marketing. See 11 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Porto, Portugal
- Total investments: 11
- Last investment: Nov 2025
- Lead investor: 36%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/662657/
- Website: http://www.pathena.com

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

## Contacts

5 contacts available for Pathena. Shizune tracks 2 team members at Pathena. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/pathena?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$3.7M |
| Series A | $4.4M–$30M |
| Series C | $39M–$39M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 2 | 18% |
| Software | 2 | 18% |
| Marketing | 2 | 18% |
| Advertising | 2 | 18% |
| Health Care | 2 | 18% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 36% |
| Series A | 3 | 27% |
| Series C | 2 | 18% |
| Series B | 1 | 9% |
| Funding Round | 1 | 9% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Portugal | 6 | 55% |
| Germany | 1 | 9% |
| The Netherlands | 1 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Antonio Murta | Co-Founder & Managing Partner | 1 | https://shizune.co/investors/profile/antnio-murta |
| Vitor Dinis | Co-Founder, Managing Partner, & CFO | 0 | https://shizune.co/investors/profile/vitor-dinis |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Healthplus.ai | Heathplus.ai re-uses electronic health record data to predict complications after surgery. This enables health care professionals to be more proactive in their delivery of surgical care. It reduces the impact of complications, improves outcomes and reduces cost. | $2.7M |  | Nov 27, 2025 |  |
| NVision Quantum Technologies | NVision is pioneering a new generation of quantum systems designed to bring quantum computing and quantum sensing out of the lab and into the real world, transforming how diseases are understood, detected, and treated.We engineer and control the quantum properties of organic molecules, integrating molecular design and quantum hardware intoscalable products.Our POLARIS platform uses quantum-based hyperpolarization to enable real-time metabolic MRI with more than 10,000x signal enhancement, supporting non-invasive, early-stage disease detection and treatment monitoring.In 2026, we introduced PIQC (Photonic Integrated Quantum Circuits), a fundamentally new quantum computing architecture that combines molecular qubits with photonic integrated circuits to enable scalable biological modeling and next generation drug discovery.At NVision, we see these technologies converging into a new “compute and validate” paradigm, where quantum systems are used both to design therapies and to measure their biological impact. | $30M | Series A | Jun 22, 2023 |  |
| Promptly | Promptly is a Health Data Analytics company, collecting, integrating and analyzing data on the outcomes of care. Promptly develops proprietary technology for patient engagement, real-world data collection, and outcomes analytics, discovering digital biomarkers on important symptoms, adverse effects and treatment outcomes, using different sources ofdata. In partnership with some of the most visionary, forward-looking healthcare organizations, the company leverages this health data to promote better healthcare at lower costs for thousands of patients every day. | $3.7M | Seed | Jun 01, 2021 |  |
| AI4MedImaging | AI4MedImaging develops AI models for medical imaging. |  | Seed | Jan 01, 2021 |  |
| UN1Qnx | UN1Qnx provides solutions for brand protection and product authentication. |  | Seed | Jan 01, 2021 |  |
| BIZAY / 360imprimir | • Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years.• Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s.• Started on printing, packaging, textile andprofessional products and now applying the same model in furniture, food and 3D printing (amongst others).• 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes.• Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers).• Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries.• 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA).• In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics. | $38.6M | Series C | Dec 03, 2020 |  |
| BIZAY | Bizay enables the world’s largest catalogue of customizable products. Its technology platform operates across Europe, South and North America, and digitalizes the booming and huge industry of product customization by empowering brands, people and societies to self-express. It enables local manufacturers, brands, and wholesalers to offercustomization on any product in the world and reduces the cost of production by half through batching and supply-chain optimization technologies. Our platform/technology is aimed at three customer targets:(i) B2B2C provides a platform for businesses to design and sell customized products from Bizay’s existing product catalogue, with the four main customer segments: Resellers, Content Creators (Independent artists, influencers or event or managers that want to sell customized merchandise with their branding, designs or artwork), e-Commerce entrepreneurs (Small entrepreneurs that aim to expand their catalogue and upgrade their business by adding customized products to their online stores), as well as big household brands & enterprises (well-established business in need of a partner that is capable of handling large volume of customized products orders or to expand their existing offer)(ii) B2B, which is focused on SMBs, provides an extensive product catalogue for customized products to be used in several industries (ex: uniforms for restaurants and bags for retail shops) (iii) Customization-as-a-Service (CaaS), where clients (typically major brands) capitalize on Bizay’s technology, expertise, customization options, techniques and offline suppliers to customize their own products | $38.6M | Series C | Dec 03, 2020 |  |
| BIZAY | Bizay enables the world’s largest catalogue of customizable products. Its technology platform operates across Europe, South and North America, and digitalizes the booming and huge industry of product customization by empowering brands, people and societies to self-express. It enables local manufacturers, brands, and wholesalers to offercustomization on any product in the world and reduces the cost of production by half through batching and supply-chain optimization technologies. Our platform/technology is aimed at three customer targets:(i) B2B2C provides a platform for businesses to design and sell customized products from Bizay’s existing product catalogue, with the four main customer segments: Resellers, Content Creators (Independent artists, influencers or event or managers that want to sell customized merchandise with their branding, designs or artwork), e-Commerce entrepreneurs (Small entrepreneurs that aim to expand their catalogue and upgrade their business by adding customized products to their online stores), as well as big household brands & enterprises (well-established business in need of a partner that is capable of handling large volume of customized products orders or to expand their existing offer)(ii) B2B, which is focused on SMBs, provides an extensive product catalogue for customized products to be used in several industries (ex: uniforms for restaurants and bags for retail shops) (iii) Customization-as-a-Service (CaaS), where clients (typically major brands) capitalize on Bizay’s technology, expertise, customization options, techniques and offline suppliers to customize their own products |  | Series B | Apr 05, 2019 |  |
| Primetag | Primetag is a computer software company that specializes in the fields of advertising, media, image monetization, internet, and influencer marketing. The company built a digital meeting point for Brands and Influencers to connect and grow their businesses across boundaries. It's designed to make Influencer Marketing easier to manage, to scaleand ROI-driven. | $1.4M | Seed | Nov 02, 2017 |  |
| BIZAY / 360imprimir | • Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years.• Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s.• Started on printing, packaging, textile andprofessional products and now applying the same model in furniture, food and 3D printing (amongst others).• 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes.• Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers).• Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries.• 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA).• In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics. | $4.4M | Series A | Sep 01, 2016 |  |

10 of 11 investments shown.

## Co-investors
- [Omnes Capital](https://shizune.co/investors/profile/omnes-capital) — VC Fund, 5 deals together
- [Armilar Venture Partners](https://shizune.co/investors/profile/espirito-santo-ventures) — VC Fund, 3 deals together
- [LeadX Capital Partners](https://shizune.co/investors/profile/leadx-capital-partners) — VC Fund, 3 deals together
- [Elevating Capital](https://shizune.co/investors/profile/elevating-capital) — VC Fund, 2 deals together
- [European Investment Bank](https://shizune.co/investors/profile/european-investment-bank) — VC Fund, 2 deals together
- [Iberis Capital](https://shizune.co/investors/profile/iberis-capital) — VC Fund, 2 deals together

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## FAQ

### What does Pathena invest in?

Pathena invests primarily in B2B, Software and Marketing startups, most often at Seed and Series A stage. Most of the 11 investments tracked by Shizune back companies in Portugal. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Pathena's check size?

Pathena typically joins rounds of $1.4M–$3.7M at Seed, $4.4M–$30M at Series A and $39M–$39M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Pathena participates in.

### How do I contact Pathena?

Public channels for Pathena include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Pathena?

The team at Pathena includes Antonio Murta (Co-Founder & Managing Partner) and Vitor Dinis (Co-Founder, Managing Partner, & CFO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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