# Top 50 SaaS Startup Investors in Portugal in June 2026

## Portugal Ventures
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 82
- 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: 33
- 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: 32
- 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.

## Shilling VC
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 25
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, Internet

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.

## Faber
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 18
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, SaaS

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.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 17
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Health Care

Bynd is a leading Iberian Venture Capital firm

## Bright Pixel Capital
- Type: VC Fund
- Location: Maia, Porto, Portugal
- Relevant deals: 14
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, SaaS

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.

## Indico Capital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 13
- 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.

## HCapital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 13
- 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.

## LC Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 12
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, SaaS, Artificial Intelligence

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.

## REDangels
- Type: VC Fund
- Location: Aveiro, Aveiro, Portugal
- Relevant deals: 11
- Stages: Seed, Pre-Seed, Angel
- Focus: Mobile, Internet of Things, Internet

They believe the unbelievable and trust the untrustable.

## EDP Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 11
- 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

## Olisipo Way
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 8
- 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.

## Lince Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: E-Commerce, Health Care, Information Technology

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.

## Brpx
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

## Iberis Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 8
- Stages: Series A, Seed
- Focus: Information Technology, Software, SaaS

Iberis is an investment manager that operates a value-oriented investment management.

## Demium Capital
- Type: VC Fund
- Location: Valencia, Comunidad Valenciana, Spain
- Relevant deals: 7
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, FinTech, Health Care

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

## Start Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: InsurTech, Software, Insurance

BiG Start Ventures is an early-stage VC investing globally in B2B Fintech, Insurtech, Regtech and Cybersecurity. Onetier Partners, SCR, S.A.

## WISENEXT
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 6
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Internet

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.

## COREangels
- Type: VC Fund
- Location: Ílhavo, Aveiro, Portugal
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, Artificial Intelligence

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

## GED Ventures Portugal
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 6
- Stages: Seed, Series B
- Focus: Health Care, Software, Medical

GED Ventures Portugal is an Investment firm.

## TheVentureCity
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

TheVentureCity is a global early-stage venture fund, investing in product-centric startups across the US, Europe, and Latam. With more than $150M under management, the firm invests from pre-seed and seed with a ticket size from $100-500k to Series A with $1-4M.

## Novabase Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 5
- 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.

## Notion Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 5
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, SaaS

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

## Innovation Nest
- Type: VC Fund
- Location: Kraków, Malopolskie, Poland
- Relevant deals: 5
- 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.

## Join Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 5
- 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.

## Semapa Next
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: SaaS, Software, Information Technology

Semapa Next is a venture capital firm that invests in European-based companies aspiring to become global category leaders.

## Explorer Investments
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 4
- Stages: Private Equity, Seed, Series A
- Focus: Manufacturing, Retail, Textiles

Founded in 2003, Explorer is Portugals leading independent management company of alternative assets, with a reputation for outstanding quality, in-depth experience and an excellent track record.

## Ideias Glaciares
- Type: Angel
- Relevant deals: 4
- Stages: Pre-Seed, Seed
- Focus: Wellness, SaaS, Video

Ideias Glaciares

## Vesalius Biocapital Partners
- Type: VC Fund
- Location: Strassen, Luxembourg, Luxembourg
- Relevant deals: 4
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Medical

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

## Beta Capital
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Health Care, Software, Biotechnology

We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory.

## SVG Ventures
- Type: VC Fund
- Location: Los Gatos, California, United States
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: AgTech, Agriculture, Farming

We are a Venture & Innovation Platform Advancing the Food & Agriculture Industries We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries.

## Biovance Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Medical, Biotechnology, Product Research

Biovance Capital is a new € 51M fund to invest in early-stage biotech companies across Europe developing innovative therapeutics in all disease areas and drug modalities (small and large molecules, vaccines, cell, and gene therapies).

## MSM
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, B2B

MSM is a 45M€ early-stage impact VC fund. We invest in brave founders solving the world’s biggest social and environmental challenges.

## Moonrock Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Information Technology, Cryptocurrency

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

## Conexo Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: FinTech, Software, SaaS

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

## Pathena
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 3
- Stages: Series A, Seed, Series C
- Focus: B2B, Marketing, Advertising

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

## EQT Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, Information Technology

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures'  in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

## BlueCrow Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Information Technology, SaaS, Energy Efficiency

BlueCrow Capital is a venture capital firm.

## 200M
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 3
- 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.

## Signum Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Information Technology

They are a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Their mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. They participate in Pre-sale stages of Token Generation Events and Equity investments.

## CapitalT
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Software, Artificial Intelligence, Information Technology

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

## Pitchdrive
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

## Oxy Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 2
- Stages: Private Equity
- Focus: VoIP, Software, Wireless

Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level.

## Brighteye Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Education, E-Learning, Software

Brighteye Ventures is the first and largest vertical EdTech Venture Capital firm in Europe. If you are an entrepreneur using technology to reinvent learning and education, we want to hear from you!

## Dragonfly
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

A cross-border cryptoasset investment firm. Global from day one.

## Franklin Templeton
- Type: VC Fund
- Location: San Mateo, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Series D
- Focus: Software, FinTech, Financial Services

Franklin Templeton is an investment management firm offering mutual funds, ETFs, and wealth management services. The firm provides investment solutions across asset classes, including equity, fixed income, and alternative investments. Through subsidiaries such as Fiduciary Trust Company International and Clarion Partners, Franklin Templeton servesindividual and institutional clients globally.

## EIT Urban Mobility
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Transportation, Information Technology

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union.
Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

## Cogitent Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Bitcoin

Cogitent Ventures operates as a venture capital firm.

## SOSV
- Type: VC Fund
- Location: Princeton, New Jersey, United States
- Relevant deals: 2
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Biotechnology, Health Care, Software

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates.
HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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