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Portugal Ventures

Europe, Lisboa, Portugal, Porto

Description

Portugal Ventures is a prominent public-private venture capital firm based in Porto, Portugal, established in 2012 through the merger of three state-owned venture capital entities. Its core mission is to foster the growth of Portuguese startups with high potential for global expansion, primarily focusing on innovative companies within the technology, life sciences, and tourism sectors. As a key player in the Portuguese startup ecosystem, the firm aims to bridge funding gaps and provide strategic support to early-stage ventures, contributing significantly to the nation's economic development and innovation landscape.

The firm's investment strategy is centered on identifying and backing companies that demonstrate strong innovation, scalability, and a clear path to internationalization. Portugal Ventures typically invests in seed and early-stage rounds, often participating in co-investment models alongside private venture capital firms and business angels. This collaborative approach allows them to leverage broader expertise and capital, maximizing the impact on their portfolio companies. Their commitment extends beyond capital injection, providing mentorship, networking opportunities, and strategic guidance to help startups navigate the complexities of growth and market entry.

Portugal Ventures manages a substantial pool of capital, with over €300 million (approximately $324 million) in funds under management, enabling them to make significant investments across various stages. Their portfolio is extensive, comprising over 180 companies that span diverse sub-sectors within their core focus areas. For initial investments, Portugal Ventures typically writes checks ranging from €250,000 to €1.5 million (approximately $270,000 to $1.62 million), depending on the stage, capital requirements, and potential of the startup. They also provide follow-on funding to support the continued growth of their most promising portfolio companies, demonstrating a long-term commitment to their ventures.

Through its strategic investments and active involvement, Portugal Ventures plays a crucial role in strengthening the Portuguese innovation ecosystem. By providing essential early-stage capital and strategic support, they empower local entrepreneurs to develop groundbreaking solutions and compete on a global scale. The firm's presence helps to attract further private investment into Portuguese startups, creating a more vibrant and dynamic environment for technological advancement and economic prosperity. Their efforts are instrumental in transforming innovative ideas into successful businesses, thereby contributing to job creation and national competitiveness.

Investor Profile

Portugal Ventures has backed more than 316 startups, with 4 new investments in the last 12 months alone. The firm has led 50 rounds, about 16% of its total and boasts 29 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Portugal, United States, United Kingdom.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $270K – $1.6M.

Stage Focus

  • Seed (63%)
  • Series Unknown (18%)
  • Pre Seed (10%)
  • Series A (5%)
  • Convertible Note (2%)
  • Series B (1%)
  • Series C (1%)

Country Focus

  • Portugal (85%)
  • United States (8%)
  • United Kingdom (3%)
  • France (1%)
  • Spain (1%)
  • Philippines (1%)
  • The Netherlands (1%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • Biotechnology
  • Artificial Intelligence (Ai)
  • E-commerce
  • Internet
  • Medical Device
  • Medical
  • Manufacturing
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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 Portugal Ventures frequently co-invest with?

Faber
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 8
Bynd Venture Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 14
HCapital Partners
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 4
Caixa Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 4
Shilling
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 7
Ask Capital
Europe, Lisboa, Portugal, Lisboa
Co-Investments: 4
Indico Capital Partners
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 4
Armilar Venture Partners
Europe, Lisboa, Portugal, Lisboa
Co-Investments: 9
Bright Pixel (formerly Sonae IM)
Europe, Porto, Portugal, Maia
Co-Investments: 9
EDP Ventures
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 6

Which angels does Portugal Ventures often collaborate with?

AB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
NK
North America, New York, United States, New York
Shared Deals: 2
RC
Europe, Lisboa, Portugal, Lisbon
Shared Deals: 2
LS
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
AC
Europe, England, United Kingdom, London
Shared Deals: 1
SM
North America, Massachusetts, United States, Boston
Shared Deals: 2
IG
Europe, Porto, Portugal, Ermezinde
Shared Deals: 2
PH
Europe, England, United Kingdom, London
Shared Deals: 1
PM
Europe, Berlin, Germany, Berlin
Shared Deals: 1
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 1

What are some of recent deals done by Portugal Ventures?

Glartek

Leiria, Leiria, Portugal

Augmented and Connected Worker platform to increase operational efficiency and safety of tasks performed by industrial front-line workers.

Asset ManagementAugmented RealityEnterprise SoftwareKnowledge ManagementManufacturingSaaSSkill AssessmentTask Management
Series UnknownJul 3, 2025
Amount Raised: $2,353,800
Winalist

Ay, Champagne-Ardenne, France

Winalist is a tour agency.

TourismTravelWine And SpiritsWinery
SeedJun 19, 2025
Amount Raised: $1,146,174
Hoopers

Lisboa, Lisboa, Portugal

Hoopers is a digital platform that connects basketball players, fans, and enthusiasts through fields, content, experiences, and NFT.

CommunitiesSoftwareSports
SeedNov 8, 2024
Amount Raised: $2,265,637
Corium Biotech

Porto, Lisboa, Portugal

Corium Biotech ™ is a brand by Maia & Muller – Biotech which manufactures exotic leather using cellular agriculture technologies.

BiotechnologyManufacturing
Pre SeedOct 13, 2024
Amount Raised: $547,129
PluggableAI

Braga, Braga, Portugal

Meaningful Fan Engagement

Artificial Intelligence (AI)Digital MarketingMachine LearningSoftware
SeedSep 17, 2024
Amount Raised: $1,946,371
Unlockit

Lisboa, Lisboa, Portugal

Unlockit is a real estate agency that provides buying and selling services for properties.

Property ManagementReal EstateResidential
Pre SeedMay 23, 2024
Amount Raised: $1,513,643
Yon Living

London, England, United Kingdom

Yon is creating a next-generation hotel brand based on shared living for people who can live and work from anywhere.

Hospitality
SeedApr 1, 2024
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
Glooma

Braga, Braga, Portugal

Glooma specializes in the supply of portable medical screening device that supplements conventional breast self-examination.

Health CareHealth DiagnosticsMedical DeviceWellness
Pre SeedDec 29, 2023
Amount Raised: $528,524
OurSupport

Angra, Azores, Portugal

OurSupport is an online platform that connects individuals or businesses seeking I.T support with local I.T support professionals.

Information TechnologySoftware
SeedDec 20, 2023
Amount Raised: $766,116