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Top 10 Renewable Energy VC Funds & Investors in Portugal (October 2026)

The most active venture capital funds investing in Portugal Renewable Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Renewable Energy startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Portugal Ventures
VC Fund
4 Portugal, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Health Care $107k–$3.6M
Caixa Capital
VC Fund
2 Portugal, United States, Spain Seed, Series A, Pre-Seed Software, Information Technology, Health Care $108k–$12M
Betwixt Ventures
VC Fund
2 Portugal, United States Seed Drones, Energy, Mobile $112k–$2.7M
FORWARD.one
VC Fund
1 The Netherlands, Germany, Sweden Seed, Series A, Venture - Series Unknown Manufacturing, Software, Semiconductor $1.4M–$21M
Magnify Partners
VC Fund
1 Portugal Private Equity, Venture - Series Unknown Battery, Software, Consulting
Wayra
VC Fund
1 Spain, United Kingdom, Brazil Seed, Venture - Series Unknown, Grant Software, Information Technology, Artificial Intelligence $40k–$5.8M
Egis
VC Fund
1 Portugal Series A Energy, Renewable Energy, Natural Resources
HCapital Partners
VC Fund
1 Portugal, Italy, Spain Seed, Venture - Series Unknown, Series A Software, Power Grid, Information Technology $1.1M–$15M
Crayhill Capital Management
VC Fund
1 United States, United Kingdom, Canada Debt Financing, Series A, Private Equity Renewable Energy, Solar, Energy $100M–$250M
Acumen
VC Fund
1 United States, India, Kenya Seed, Venture - Series Unknown Agriculture, Solar, Farming $300k–$7.4M
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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 4 investments in Portugal Renewable Energy 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, Venture - Series Unknown, Pre-Seed
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 386
  • Round size: Seed $121k–$1.9M; Pre-Seed $107k–$796k; Venture - Series Unknown $121k–$3.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Aptoide — Find, discover and download the best apps and games for Android in the official Aptoide app store
  • 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.
  • Outgoing — A ticketing tool that allows organizers to sell tickets directly on WhatsApp and Instagram. Users can purchase tickets through a personalized checkout process entirely within the chat, without registration or redirects. It also offers customer support that answers questions in real time.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 2 investments in Portugal Renewable Energy startups

Caixa Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity.Caixa Capital´s mission is to invest in fundsand companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.Currently with more than 700 million Euros under management and a portfolio of over 80 investments, Caixa Capital is a reference in this area with special links to the respective European sector associations.

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Investment focus

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

Investor stats

  • Total investments: 90
  • Round size: Seed $111k–$3M; Pre-Seed $108k–$1.7M; Series A $3M–$12M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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.
  • Noxus — At Spot, we're crafting the operating system for tomorrow's workforce, harnessing AI to streamline influencer marketing. Our platform empowers agencies, businesses, and content creators to collaborate effectively and reach audiences with ease.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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Betwixt Ventures
VC Fund · Porto, Lisboa, Portugal · 2 investments in Portugal Renewable Energy startups

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.

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Investment focus

  • Industry: Drones, Energy, Mobile
  • Stage:Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $112k–$2.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LOQR — Increase your business and reduce costs with the best AI-Powered Journey-as-a-Service provider for financial institutions.
  • BladeInsight — BladeInsight offers innovative solutions for wind turbine blade operations and maintenance.
  • James — James is an online credit risk management platform that provides risk management tools to financial institutions. Through the application of advanced scientific computing capabilities like machine learning, it enables risk departments to prepare against cyclical crisis and help protect their reputation, making the global financial system safer inthe long run.James was established in 2013 and is based in New York.
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FORWARD.one
VC Fund · Amstelveen, Noord-Holland, The Netherlands · 1 investments in Portugal Renewable Energy startups

We are a leading non-profit establishing new relationships between agriculture and nature. Protecting the natural world and treasured wildlife.

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Investment focus

  • Industry: Manufacturing, Software, Semiconductor
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 62
  • Round size: Seed $2.7M–$6.3M; Series A $4.4M–$21M; Venture - Series Unknown $1.4M–$19M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely actively investing — fresh fund, raised $233M in 2025

Portfolio highlights

  • Zuriq — We are building a quantum computer with scalability at its heart. Trapped-ion qubits with freedom to move and connect.
  • Villari — Villari delivers wireless structural health monitoring technology. Our crack detection system monitors critical locations of the structure: identified cracks, crack indications, or high stress locations. With Villari you can monitor fatigue cracks in steel welds continuously.
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
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Magnify Partners
VC Fund · Lisboa, Lisboa, Portugal · 1 investments in Portugal Renewable Energy startups

At Magnify Partners, we combine experience, business acumen and industry knowledge with technical expertise to help you make strategic and financing decisions.

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Investment focus

  • Industry: Battery, Software, Consulting
  • Stage:Private Equity, Venture - Series Unknown
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • Lissol — Lissol engages in the lithium battery and solar energy sectors. Lissol is a manufacturer of LiFePO4 battery systems, photovoltaic panels, inverters, and integrated storage racks.
  • Shortcut — Shortcut is a software development company for the e-government, telecommunications, and human resources sectors.
  • Cleanwatts Digital — Cleanwatts Digital is an independent technology business that specializes in AI-powered digital energy solutions.
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Wayra
VC Fund · Madrid, Madrid, Spain · 1 investments in Portugal Renewable Energy startups

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Grant
  • Geography: Spain, United Kingdom, Brazil

Investor stats

  • Total investments: 531
  • Round size: Seed $50k–$2.4M; Grant $40k–$387k; Venture - Series Unknown $150k–$5.8M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2017

Portfolio highlights

  • 1DOC3 — 1doc3 is a e-health platform that connects 490 million of Spanish speaking people with licensed and trusted doctors. Users find personalized answers to their health related questions. Doctors build their online reputation, find new patients and create the biggest health related questions and answers curated database in Spanish. The Platform isavailable via web, App, SMS and USSD, allowing the entire population to have access to a Doctor no matter where they are, or even if they don't have internet access.
  • Devengo — Light-speed transfers. Our Instant Payments API enables seamless integration to automate payouts to your customers in Europe and the UK.
  • Quantum Bridge — Quantum Bridge is a pioneer in Distributed Symmetric Key Exchange (DSKE) technology. It offers quantum-safe cybersecurity products and services. Quantum-safe product and services, Quantum-safe roadmap and quantum-safe solutions implementation.
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Egis
VC Fund · Saint-quentin, Rhone-Alpes, France · 1 investments in Portugal Renewable Energy startups

Egis is an international engineering, assembly and project management group. In engineering and consulting, he works in the fields of transport, city, building, industry, water, environment and energy.

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Investment focus

  • Industry: Energy, Renewable Energy, Natural Resources
  • Stage:Series A
  • Geography: Portugal

Investor stats

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

Portfolio highlights

  • RVE.SOL - Solucoes de Energia Rural — Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5.RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for therural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future.Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture.A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate:1. Access to clean water to obviate transmission of water borne disease2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers.Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.
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HCapital Partners
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Renewable Energy startups

We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds.

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Investment focus

  • Industry: Software, Power Grid, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Portugal, Italy, Spain

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$4.8M; Series A $5.2M–$9.5M; Venture - Series Unknown $1.1M–$15M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Reefilla — Reefilla EV charging services: recharge your car anywhere, anytime
  • Automaise — AI Agents that automate, assist, and accelerate customer service operations. See how Automaise helps enterprise teams resolve more, escalate less, and deliver results within weeks.
  • Dingoo — Dingoo is an e-commerce company that uses AI to deliver retail groceries to consumers on same day without any restrictions.
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Crayhill Capital Management
VC Fund · New York, New York, United States · 1 investments in Portugal Renewable Energy startups

Crayhill Capital Management is a New York based alternative asset management firm that specializes in sourcing and investing.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Debt Financing, Series A, Private Equity
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 15
  • Round size: Debt Financing $100M–$250M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sunpin Solar — Utility Scale Solar Developer and Asset Owner
  • Rostrum Records — Rostrum Records is an independent music label that publishes music by independent artists.
  • Walden Renewables — Walden Renewables provides financing, construction, ownership and operation of renewable energy projects across a wide range of technologies. They have RWE principal investments, the principal investments division of RWE supply trading.
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Acumen
VC Fund · New York, New York, United States · 1 investments in Portugal Renewable Energy startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Solar, Farming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 209
  • Round size: Seed $300k–$2.5M; Venture - Series Unknown $1000k–$7.4M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $123M in 2025

Portfolio highlights

  • PrePex — Non Surgical Male Circumcision for HIV Prevention and social enterprise, offering innovative, affordable and scalable public healthcare solutions
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • Gramalaya Urban And Rural Development Initiatives And Network — Gramalaya Urban And Rural Development Initiatives And Network (GUARDIAN) is addressing the complex water and sanitation problems faced by low-income communities in India through its innovative water credit solution. GUARDIAN provides microloans to low-income families seeking to install water and sanitation facilities in their households.
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Renewable Energy VC funding in Portugal at a glance

Stats across 43 deals from 52 investors.

52
investors
in Portugal Renewable Energy startups
43
deals
in Portugal Renewable Energy startups
$2M
median round
in Portugal Renewable Energy startups
42%
lead investors
lead at least one round
23%
Seed
most common funding stage

Access all 52 VC funds in Portugal Renewable Energy startups.

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