Top VC Firms in Portugal

Shilling VC invests in disruptive, tech-driven startups with scalable business models and strong, balanced teams. Typical investments range between €100K and €1M.

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

Semapa Next invests in innovative and high-growth potential companies, particularly in areas aligned with Semapa's broader industrial interests. They focus on supporting the development and scaling of these businesses, especially in the AI and data sector.

Bright Pixel Capital invests in early-stage software companies with global reach. They focus on seed and Series A rounds, particularly in software and developer tools.

Lince Capital is an independent venture capital firm registered and regulated by the Comissão do Mercado de Valores Mobiliários (CMVM) that creates and manages venture capital funds and specialized investment funds to finance and support business opportunities with high growth potential.

Armilar Venture Partners is an early-stage VC firm dedicated to teams solving society’s biggest problems through technology.

EDP Ventures is the venture capital arm of EDP, investing in early-stage tech startups in the energy sector worldwide, typically from seed to Series B. It focuses on innovations impacting energy transition, including renewables, grid, green hydrogen, storage, mobility, and AI & digital solutions. Investment tickets range from €1M to €10M, usually taking minority positions.

HCapital is an independent private equity firm investing through dedicated funds in companies at different stages from start-ups (venture capital) to mature businesses (private equity). Its venture capital funds invest in Portuguese and international innovative companies in initial stages focused on energy, smart territories and mobility, industrial processes, and data and connectivity. Its private equity activity focuses on export-oriented Iberian mid-sized companies with growth and value creation potential under adequate governance models.

Iberis Capital is a private equity and venture capital fund manager investing primarily in the Portuguese market across growth and buyout, venture capital (including early stage and established companies), yielding investments and sustainable investments.

Caixa Capital is a venture capital firm that invests in early-stage technology companies in Portugal and Spain. They focus on sectors such as IT, health, and cleantech.

Alea Capital Partners is an alternative assets investment firm focused on structural gaps and trends across Europe. It deploys three investment strategies: Alternative Living Solutions, Industrial Consolidation, and Venture Capital. It invests in proven resilient businesses especially in the industrial sector with potential for cross-border expansion and invests in Purpose-Built to Rent assets and Venture Capital companies sharing its enthusiasm for growth.

Bynd Venture Capital invests in pre-seed and seed stage tech startups based in Iberia across multiple sectors including AI & software, consumer goods and sustainability tech.

Beta Capital invests in early-stage, technology-based startups globally without sector preference, providing funding typically between EUR 250k to EUR 1m and hands-on advisory support.

BlueCrow Capital manages investment funds and discretionary portfolios with exposure to listed and unlisted financial assets. It invests in multiple sectors including technology, industry, agriculture, energy, health, and hospitality, across different stages of investment and development. It manages alternative investment funds such as venture capital and private equity funds, with activities in Portugal and a focus on disciplined implementation and close monitoring of assets.

Founded in 2024, Ventures.eu is a venture capital firm based in Lisbon, Portugal. The firm seeks to invest in climate, health, information technology, hardware, artificial intelligence and deep tech sectors based in Europe.

Founded in 2022, Grt Sht Ventures is a venture capital firm based in Tequesta, Florida. The firm prefers to invest in companies operating in consumer products and services sectors.

Parceiro Ventures invests in early-stage B2B tech and tech-enabled businesses. They focus on partnering with companies to build long-term strategic and financial objectives.