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Armilar Venture Partners

Europe, Lisboa, Portugal, Lisboa

Description

Armilar Venture Partners is a prominent venture capital firm headquartered in Lisbon, Portugal, with a strong focus on technology-based companies and innovative businesses. Established as a key player in the European tech ecosystem, Armilar primarily targets investments in the Information and Communication Technologies (ICT), digital, and life sciences sectors. The firm is known for its deep expertise in supporting early-stage companies, typically engaging in Seed, Series A, and Series B funding rounds. Their investment strategy emphasizes disruptive technologies and scalable business models that demonstrate significant growth potential.

The firm manages several venture capital funds, reflecting its long-standing commitment to fostering innovation. A notable example is the Armilar Venture Capital Fund IV, which successfully closed at a substantial €100 million in 2022. This fund is dedicated to investing in promising early-stage tech ventures, providing the necessary capital for product development, market expansion, and team scaling. Across its various funds, Armilar Venture Partners boasts a total capital under management of approximately €260 million, underscoring its significant financial capacity and influence within the venture landscape.

Armilar's approach extends beyond mere capital provision; they actively support their portfolio companies with strategic guidance, operational expertise, and access to a broad network of industry contacts. Their typical initial cheque sizes range from €500,000 to €5 million, depending on the stage and specific needs of the startup, with the capacity for follow-on investments to support continued growth. This hands-on, long-term partnership model aims to accelerate the development of high-potential ventures, contributing to the vibrant startup ecosystem in Portugal and beyond.

Investor Profile

Armilar Venture Partners has backed more than 89 startups, with 4 new investments in the last 12 months alone. The firm has led 33 rounds, about 37% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Portugal, United States, United Kingdom.
  • Strong thematic focus on Software, Information Technology, Artificial Intelligence (AI).
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (34%)
  • Series A (29%)
  • Series B (12%)
  • Series Unknown (11%)
  • Series C (4%)
  • Pre Seed (4%)
  • Series E (2%)
  • Private Equity (1%)
  • Series D (1%)

Country Focus

  • Portugal (49%)
  • United States (26%)
  • United Kingdom (8%)
  • Spain (6%)
  • France (3%)
  • Germany (2%)
  • Australia (1%)
  • Brazil (1%)
  • Switzerland (1%)
  • Singapore (1%)

Industry Focus

  • Software
  • Information Technology
  • Artificial Intelligence (Ai)
  • Saas
  • Manufacturing
  • Developer Tools
  • Financial Services
  • Fintech
  • Health Care
  • Paas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Armilar Venture Partners frequently co-invest with?

Faber
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 5
Criteria Venture Tech
Europe, Catalonia, Spain, Barcelona
Co-Investments: 4
Caixa Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 4
Portugal Ventures
Europe, Lisboa, Portugal, Porto
Co-Investments: 9
MSM
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 3
Shilling
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 5
Iberis Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 5
OnPoint Technologies
North America, Florida, United States, Winter Park
Co-Investments: 4
Bright Pixel (formerly Sonae IM)
Europe, Porto, Portugal, Maia
Co-Investments: 7
EnerTech Capital
North America, Pennsylvania, United States, Ambler
Co-Investments: 3

Which angels does Armilar Venture Partners often collaborate with?

FZ
North America, Arkansas, United States, Paris
Shared Deals: 1
AP
Europe, Lombardia, Italy, Milan
Shared Deals: 1
HA
Europe, Madrid, Spain, Madrid
Shared Deals: 1
EV
Europe, England, United Kingdom, London
Shared Deals: 2
DZ
Europe, Berlin, Germany, Berlin
Shared Deals: 1
CR
Europe, Bayern, Germany, Munich
Shared Deals: 1
IG
Europe, Porto, Portugal, Ermezinde
Shared Deals: 2
MV
Europe, Harjumaa, Estonia, Tallinn
Shared Deals: 2
HA
Europe, Portugal
Shared Deals: 1
DD
Europe, Lombardia, Italy, Milan
Shared Deals: 1

What are some of recent deals done by Armilar Venture Partners?

Sword Health

New York, New York, United States

Sword Health offers AI-powered physical therapy solutions for pain recovery at home.

Artificial Intelligence (AI)Health CareMedicalmHealthTherapeutics
Series UnknownJun 17, 2025
Amount Raised: $40,000,000
Automaise

Braga, Braga, Portugal

Automaise provides artificially intelligent virtual employees for customer service.

Information ServicesSoftware
Series AMar 24, 2025
Amount Raised: $5,392,400
Cintoo

Sophia Antipolis, Provence-Alpes-Cote d'Azur, France

Cintoo develops technologies and solutions for managing and leveraging the 3D data coming from Reality Capture devices in the cloud.

Information TechnologySoftware
Series BNov 4, 2024
Amount Raised: $40,234,885
Maven Pet

New York, New York, United States

Maven is a SaaS pet tech startup that provides a personal vet to track the pet’s safety and health 24/7.

Information TechnologyPetSaaS
Pre SeedSep 5, 2024
Amount Raised: $4,400,000
Veeton

Paris, Ile-de-France, France

Veeton is the creator of an artificial intelligence-powered platform for automated fashion imaging.

Artificial Intelligence (AI)FashionPhotography
Pre SeedJun 7, 2024
Amount Raised: $2,161,461
Rows

Berlin, Berlin, Germany

Rows offers a spreadsheet tool designed for team collaboration and enhanced functionality.

Productivity ToolsSoftwareWeb Apps
Series UnknownMay 24, 2024
Amount Raised: $8,682,798
Tonic App

Porto, Lisboa, Portugal

Tonic App is a mobile app that facilitates health content aggregation and medical team collaboration using productivity-focused tools.

DatabaseHealth CareHealth DiagnosticsiOSMedicalProductivity ToolsSoftware
Series AMar 26, 2024
Amount Raised: $11,753,262
Vawlt

Lisbon, Lisboa, Portugal

Vawlt is a dynamic storage platform that simplifies the operation of multiple clouds while improving data security standards.

Cloud Storage
SeedMar 12, 2024
Amount Raised: $2,349,213
KIT-AR

London, England, United Kingdom

KIT-AR is an industrial AR solution to enhance workers on the manufacturing shopfloor.

Augmented RealityIndustrial ManufacturingInformation TechnologyManufacturingQuality Assurance
SeedFeb 27, 2024
Amount Raised: $3,575,835
Appentra

A Coruña, Galicia, Spain

Deep Tech company creating DevOps tools. Automated code inspection for performance in modern processors and specialised AI chips.

AnalyticsArtificial Intelligence (AI)Big DataDeveloper ToolsDevOpsEdTechSoftware
SeedSep 19, 2023
Amount Raised: $5,340,733