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Venture capital firms in Portugal

Source: FundingWatcher. Data as of 4 September 2026.

81
Venture capital firms in Portugal
81
Rows shown
8
Stages recorded
4
Other types here
81 rows
# Name Location Investments Lead Exits People
1 Portugal Ventures Porto, Portugal 366 57 34 23
2 Shilling VC Lisbon, Portugal 111 21 12 9
3 Bright Pixel Capital Maia, Portugal 102 39 21 12
4 Armilar Venture Partners Lisboa, Portugal 101 37 13 8
5 Explorer Investments Lisboa, Portugal 90 50 10 9
6 Faber Lisbon, Portugal 89 25 11 12
7 Indico Capital Partners Lisbon, Portugal 82 56 5 8
8 Caixa Capital Lisbon, Portugal 81 13 6 3
9 Bynd Venture Capital Lisbon, Portugal 72 12 7 6
10 LC Ventures Lisbon, Portugal 64 13 5 1
11 Iberis Capital Lisbon, Portugal 56 25 3 19
12 Lince Capital Lisbon, Portugal 55 21 2 8
13 MSM Lisbon, Portugal 50 18 3 5
14 maze impact Lisboa, Portugal 44 0 2 11
15 Start Ventures Lisbon, Portugal 34 4 3 4
16 BlueCrow Capital Lisboa, Portugal 33 12 0 20
17 Valutia Lisboa, Portugal 27 4 3 8
18 Best Horizon Lisbon, Portugal 26 0 1 0
19 APEX Capital Cascais, Portugal 25 8 1 17
20 Semapa Next Lisbon, Portugal 24 5 1 4
21 Ask Capital Lisboa, Portugal 23 15 4 3
22 HCapital Partners Lisbon, Portugal 19 8 0 9
23 Pathena Porto, Portugal 18 12 3 3
24 WISENEXT Lisboa, Portugal 17 1 0 1
25 GED Ventures Portugal Lisboa, Portugal 16 11 1 0
26 Shapers Lisbon, Portugal 15 0 1 0
27 Lightshift Capital Lisbon, Portugal 14 4 1 6
28 Cedrus Capital Lisboa, Portugal 14 1 2 6
29 Oxy Capital Lisbon, Portugal 12 4 3 0
30 PME Investimentos Porto, Portugal 12 2 0 0
31 Alpac Capital Lisboa, Portugal 10 7 2 5
32 Sparkfood Maia, Portugal 9 6 0 5
33 Critical Ventures Coimbra, Portugal 9 2 1 5
34 M4 Ventures Lisboa, Portugal 9 1 0 2
35 Alea Capital Partners Lisbon, Portugal 8 5 0 6
36 Bionova Capital Lisbon, Portugal 8 1 0 0
37 COREangels EnterpriseTech Lisbon, Portugal 8 0 0 16
38 33N Ventures Oporto, Portugal 7 5 1 10
39 N1 investment company Lisbon, Portugal 7 2 0 1
40 Banco Portugues de Fomento Porto, Portugal 7 1 0 0
41 StableNode Lisbon, Portugal 7 0 2 0
42 200M Porto, Portugal 6 2 1 0
43 Nabais Capital Lisbon, Portugal 6 0 1 0
44 Novabase Capital Lisboa, Portugal 6 0 1 4
45 Betwixt Ventures Porto, Portugal 4 0 1 0
46 w3coins Lisbon, Portugal 4 0 1 0
47 hypra.fund Lisbon, Portugal 3 3 0 1
48 Gotbit Lisbon, Portugal 3 2 0 0
49 3 Comma Capital Lisbon, Portugal 3 1 0 10
50 Pacific Capital Partners Lisboa, Portugal 3 1 0 0
51 Raspberry Lisbon, Portugal 3 0 0 13
52 Teal Impact Lisboa, Portugal 3 0 1 3
53 Venture Catalysts Matosinhos, Portugal 3 0 1 4
54 Biovance Capital Lisbon, Portugal 2 2 0 0
55 Hangar X Lisbon, Portugal 2 1 0 0
56 Aquarius Innovation Fund Lisbon, Portugal 2 0 0 0
57 Beta-i Lisbon, Portugal 2 0 0 0
58 Capital criativo Lisboa, Portugal 2 0 0 0
59 InterCapital Lisbon, Portugal 2 0 0 0
60 Luminous Futures Lisbon, Portugal 2 0 0 0
61 Papership Capital Malta, Portugal 2 0 0 0
62 Ground Capital Lisbon, Portugal 1 1 0 0
63 ISQ Fund Porto Salvo, Portugal 1 1 0 0
64 Bright Ventures Lisboa, Portugal 1 0 0 12
65 Bromelia Capital Lisboa, Portugal 1 0 0 0
66 Tejo Ventures Lisboa, Portugal 1 0 0 0
67 The Ongoing Group Lisboa, Portugal 1 0 0 0
68 Three51 - Teamplay Ventures Lisbon, Portugal 1 0 0 0
69 AgileGTM Capital Lisbon, Portugal 0 0 0 0
70 Amorim Cork Ventures Mozelos, Portugal 0 0 0 0
71 ASA Accelerator Loulé, Portugal 0 0 0 0
72 Battlefield Capital Porto, Portugal 0 0 0 0
73 Biven Capital Partners Braga, Portugal 0 0 0 0
74 Brpx Maia, Portugal 0 0 0 12
75 Dealflow.eu Lisboa, Portugal 0 0 0 0
76 DRVE Lisbon, Portugal 0 0 0 0
77 Kopylkov Lisbon, Portugal 0 0 0 0
78 MeuCapital Lisboa, Portugal 0 0 0 0
79 Porto Venture Porto, Portugal 0 0 0 0
80 Transatlantic Highway Ventures Lisbon, Portugal 0 0 0 0
81 Zajl Lagoa, Portugal 0 0 0 0

Table 1. Venture capital firms in Portugal, by recorded investments. Source: FundingWatcher. Data as of 4 September 2026. Base: 81.

Investment stages

Among these 81
Early stage investors58 Seed investors57 Venture investors18 Late stage investors16 Private equity investors13 Convertible note investors8 Debt investors3 Non equity assistance1

Other investors in Portugal

Angel investors54 Private equity firms23 Startup accelerators23 Investment partners21

Venture capital firms elsewhere

United States9,355 China1,577 United Kingdom1,325 Germany831 Canada644 India601 Singapore590 France480 Japan422 South Korea415 The Netherlands351 Switzerland334 Australia332 Israel331 Spain323 Hong Kong313 Brazil290 Sweden259 United Arab Emirates258 Italy197 Belgium142 Poland133 Turkey132 Luxembourg126
Cite: FundingWatcher, 81 venture capital firms in Portugal, 4 September 2026. https://fundingwatcher.com/investors/venture-capital-firms/portugal/