IC
VC

Indico Capital

Indico Capital is a venture capital firm based in Portugal, investing in Software & Developer Tools; Healthcare & Life Sciences and Energy, Environment & Mobility, 75 tracked investments.

75
Investments Tracked

About Indico Capital

Indico Capital is a venture capital firm headquartered in Portugal. We have recorded 75 investments for Indico Capital to date.

Sector activity concentrates in Software & Developer Tools; Healthcare & Life Sciences; Energy, Environment & Mobility and Healthcare Tech. Coverage extends to 8 sectors in total. Participation spans Seed, Series A and Series C+ rounds.

Focuses on early-stage companies, primarily in the US. Invests in the Consumer, Lifestyle & Services sector, supporting B2C business models.

Investment Focus

Stage Focus
seedseries-aseries-c-plus
Sectors
Software & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityHealthcare TechsustainabilityanalyticsNutritionfintech

Investment Thesis

Focuses on early-stage companies, primarily in the US. Invests in the Consumer, Lifestyle & Services sector, supporting B2C business models.

Indico Capital Portfolio Companies

24 of 51 tracked holdings.

Portfolio outcomes
37 active3 acquired1 stalled5.8% exit rate

Team

Stephan de MoraesManaging General Partner

20+ years of investment and CEO experience, VC, Executive Board Member of Caixa Capital. Harvard Business School, MBA.

Ricardo TorgalGeneral Partner and CFO

20+ years of investment experience, VC at Caixa Capital. Previously InterRisco (PE of BPI Group).

Cristina FonsecaGeneral Partner

Co-Founder of Talkdesk and Cleverly. Galp Board Member. Forbes 30 Under 30 in Enterprise Technology.

Rui RodriguesPartner

10+ years of investment and M&A experience, VC at Caixa Capital, M&A at PwC Spain.

Sofia EgídioPartner and General Counsel

20+ years of legal experience. Previously at Fidelidade.

André Almeida SantosPartner

+20 years of investment experience. Fellow at Harvard Kennedy School. Previously African Development Bank Principal Country Economist.

Rui JerónimoPrincipal

14+ years of investment experience. Previously at Caixa Capital.

João Pedro RoquePrincipal

16+ years of investment experience. PE & VC at Status Capital. Investment Banking at ING Bank. MBA, Nova, Católica | MIT. VC, IE. MSc in Electrical and Computer Engineering, IST.

Tomás Marchão MarquesInvestment Analyst

2+ years of investment experience. Previously at 415 Capital. TUM, MSc.

Gabriela CordeiroCompliance Officer

15+ years of Office and Operations Management and Compliance. Previously Finance And Administration Manager at EM LIVING.

Marta FernandesFinancial Controller

15+ years of Financial Controlling and Auditing experience. Previously Head of Finance at a social impact start-up.

Maria AmaralMarketing, Communication and Events

2+ year of communication and multimedia experience.

Explore Indico Capital's full profile on Brouky

Portfolio companies, co-investors, AI match scores, and deal flow signals.

Other Investors in Portugal

Other Investors in Software & Developer Tools / Healthcare & Life Sciences