# Top 45 Artificial intelligence VC (Venture Capital) Funds in Portugal in October 2023

## Portugal Ventures
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 15
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, Information Technology

Portugal Ventures is a venture capital firm that is part of the Banco Português de Fomento group, currently manages 170 million euros and has more than 130 portfolio companies. It invests in startups in the pre-seed, seed and series A stages that offer innovative solutions for the international market in the digital, engineering&industry, lifesciences, and tourism sectors. Since 2012, Portugal ventures has invested 164 million euros in 147 new businesses.

## Armilar Venture Partners
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 10
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

Armilar Venture Partners is Portugal's leading venture capitalist. An independent VC with a 20-year-old history, a high-performance track record and an international footprint, Armilar is a deep-tech investor in ICT, HealthTech and CleanTech.

## Shilling
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Internet, Information Technology, Software

Shilling is an early-stage venture capital firm backing exceptional founders from the start.Shilling invests in a wide range of verticals and seeks out the biggest opportunities across all B2B and consumer categories.
Leveraging the concept of Founder LPs, Shilling brings much more than capital and offers through its Shilling Platform, directaccess to successful founders and executives of leading companies. This platform supports entrepreneurs in validating and developing their ventures, which then accelerate their growth into global markets.

## Caixa Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

Caixa Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity.Caixa Capital´s mission is to invest in fundsand companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.Currently with more than 700 million Euros under management and a portfolio of over 80 investments, Caixa Capital is a reference in this area with special links to the respective European sector associations.

## TheVentureCity
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Our ticket size ranges from $100-500k for Pre-seed/Seed and $1-4M for Series A companies. We're in search of promising-founders with product-driven mindsets who have a passion for building. Those who've fallen in love with data. For we believe in fit---both product and with the team here. Got a great idea? Come to TheVentureCity and give it the expertise to help it grow.

## Faber
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Machine Learning, SaaS

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively help foundersbuild global companies powered by AI/data or climate/ocean technologies.
Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData

## Bright Pixel
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

A prominent European venture capital in Retail Technologies, Digital Infrastructure, Cybersecurity, and Emerging Technologies

## LC Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series D
- Focus: Information Technology, Artificial Intelligence, Internet of Things

We’re an early stage European venture capital firm partnering with globally minded founders.We’re supportive, founder focused, and aim to work together with you as a close and collaborative team of independent thinkers. Along with the support of our entire network, each member of our team brings their own personal experience to the table. Thefirst ticket is up to 200K€ and the total investment in a given startup can be up to 1M€.We decide investments quickly, allowing the founders to get back focusing on growing the business.
Our team and network of international mentors help young startups to scale quickly and to prepare for the next rounds.Our partners have been investing in tech-based startups since 2000 and have a portfolio of more than 100 companies in the USA, Brazil, The Netherlands, Spain and Portugal.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Health Care

Bynd Venture Capital, former Busy Angels, is a Portuguese venture capital investor with more than 30 active investments in the portfolio in different funds. At Bynd Venture Capital we invest in companies:
- At the seed / early stage
- In IT/Digital and Sustainability (including Lifesciences, Clean Tech, among others) sectors
- FromPortugal, Spain and any startup that has a direct connection with these markets (founders, tech team, investors, ...).

## EDP Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Energy

EDP Ventures is the venture capital arm of EDP. We invest in early-stage startups working in the energy space

## Vesalius Biocapital Partners
- Type: VC Fund
- Location: Strassen, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Medical

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

## Crane Venture Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Crane is a London based VC firm investing and building seed and early stage intelligent enterprise and deep technology businesses across Europe. Our strategy is to support founders in building and executing their go-to-market strategy.

## Lakestar
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, FinTech, Information Technology

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund.
The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

## HCapital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, Software, SaaS

We are an independent private equity firm, investing in a broad spectrum of companies through dedicated funds.

## Maersk Growth
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Logistics, Supply Chain Management, Software

Integrated logistics company and global leader in container shipping.

## WISENEXT
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, Internet

WiseNext is a venture and smart capital investment company. We focus on helping young entrepreneurs with innovative ideas that have an impact on our society, providing capital, knowledge and networking.

## Enzo Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, B2B, Information Technology

GEN Z Entrepreneurs empowering seed-stage companies across Europe. We love to invest in disruptive tech ventures at the very beginning.

## Farfetch
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Corporate Round, Convertible Note, Seed
- Focus: Fashion, E-Commerce, Software

Farfetch operates an e-commerce website that unites various independent fashion boutiques. It offers bags, coats, dresses, jackets, jewellery, swimwear, trouser, shoes, knitwear, suits, shorts, and accessories. They operate a modular end-to-end technology platform purpose built to connect the luxury fashion ecosystem worldwide. Their vision wasto create a single operating system that could address the complex demands of consumers and luxury sellers alike. Their platform is built on an API-enabled proprietary technology stack, which provides the foundation for the three main components: applications, services and data. Farfetch serves women, men, and kids. Jose Neves founded the company in 2008, with its headquarters in London, United Kingdom.

## Round Hill Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Real Estate, Information Services

Round Hill Capital is a global real estate investment and asset management firm, creating long-term financial and social value by building thriving communities.

## Dispatch Ventures
- Type: VC Fund
- Location: Quebec, Quebec, Canada
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, Internet, Machine Learning

Dispatch Ventures invests in founders building early-stage technology companies. Over the years, Dispatch has nurtured dozens of startups- helping them find corporate clients, skilled employees, gain media coverage, and raise millions in venture capital.

## AMAVI Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Information Technology, Real Estate, Software

AMAVI is an independent and dedicated Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry on the one hand and themost groundbreaking European PropTech companies on the other hand, by leveraging on its combined expertise and network from the real estate, technology and private equity industry. AMAVI partners with the world-shapers, creating companies that radically change the places we live, work and relax in today.

## Grupo Lusiaves service
- Type: VC Fund
- Location: Leiria, Leiria, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Computer, Software, Machine Learning

Lusiaves Group, founded in 1986 in Marinha das Ondas (Figueira da Foz), has continuously invested in vertical integration of the poultry sector to ensure full control of the entire animal production process. The verticalization of the industry is made possible by a commitment to continual learning about the poultry market and through the adoptionof agrifood innovation, food quality and safety, animal health and nutrition, sustainability, and human resources as the cornerstones of its operations. Those bets enabled the Lusiaves Group to grow and expand, combined with solid teamwork, supported by career advancement, and the ability to continually improve individual and collective work daily.

## Indico Capital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Series A, Series C
- Focus: Information Technology, E-Commerce, B2B

Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, internet of things, fintech, cybersecurity and digital companies, targeting investments at Seed to Series A level. Founded in 2017, the team at Indico werepreviously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia. In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong Portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecosystem.

## Superlyst Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Privacy, Computer

Superlyst Ventures is a seed-stage investment collective, backed by an ecosystem of successful entrepreneurs.

## LocalGlobe
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Financial Services, E-Commerce

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

## SHIFT Invest
- Type: VC Fund
- Location: Amstelveen, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Biotechnology, Manufacturing, Information Technology

SHIFT Invest is a Dutch venture capital fund that invests in early stage environmental impact startups

## Draper Associates
- Type: VC Fund
- Location: San Mateo, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, Information Technology

Draper Associates, founded in 1985, is a seed-stage venture capital firm that helps entrepreneurs to drive their businesses to greatness. We understand that a great company takes time to build and we'd like to ensure that entrepreneurs are in for the long haul.

## European Institute of Innovation and Technology
- Type: VC Fund
- Location: Budapest, Budapest, Hungary
- Relevant deals: 1
- Stages: Seed, Grant, Pre-Seed
- Focus: Information Technology, Apps, SaaS

EIT empowers entrepreneurs and innovators to support the development of innovative solutions to pressing global challenges, aiming to turn ideas into products, services, and jobs for Europe.It has set up Europe’s largest innovation network with more than 2000 partners from leading business, research, and education organizations across Europeworking together in more than 60 innovation hubs across Europe. The EIT Community offers a wide range of innovation and entrepreneurship activities across Europe: entrepreneurial education courses, innovation-driven research projects, and business creation and acceleration services.By creating unique opportunities for talented innovators, entrepreneurs, and students, the EIT has powered more than 3 100 start-ups and scale-ups that have gone to raise more than EUR 3.3 billion in external capital with more than 1 170 new products and services created. 3 100 students have already graduated from EIT labeled master and doctoral programs and over 10 000 have participated in EIT Community entrepreneurial training.

## Future Energy Ventures
- Type: VC Fund
- Location: Essen, Nordrhein-Westfalen, Germany
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Future Energy Ventures is a unique venture capital fund that brings together corporate partners and world-class start-ups to shape the future energy landscape. Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape.From its operational hubsin Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure.

## Conexo Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: FinTech, Software, Information Technology

We invest in exceptional individuals with the passion for solving hard challenges and bringing disruptive innovation to high growth markets.

## Seedrs
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Equity Crowdfunding, Pre-Seed
- Focus: Software, E-Commerce, FinTech

Online investing opportunities in the best new startup businesses, and raise seed and angel investment, with top European equity crowdfunding site Seedrs.

## J12
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Machine Learning, Artificial Intelligence

J12 Ventures invests early in innovative companies in the Nordics.

## University of Beira Interior
- Type: VC Fund
- Location: Covilhã, Castelo Branco, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Consulting, Machine Learning, Professional Services

The University of Beira Interior's mission is to "promote the highest level of qualification, production, transmission, review and dissemination of knowledge, culture, science and technology, through study, teaching and research.

## GED Ventures Portugal
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Consulting, Machine Learning, Professional Services

GED Ventures Portugal is an Investment firm.

## Gorilla Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Gorilla Capital is a Finnish venture capital fund investing in early stage companies that apply technology to solve real business problems of today.

## YoungBrains
- Type: VC Fund
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

YoungBrains is an angel investor that helps founders and their teams launch new ventures, develop products, and raise external capital.
YoungBrains is a Germany-based company that was founded in 2009 by Nils Henning and Mila Sukhareva.

## Korys
- Type: VC Fund
- Location: Halle, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Biotechnology, Information Technology, E-Commerce

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

## Round Hill Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

Round Hill Capital is a global real estate investment and asset management firm, creating long-term financial and social value by building thriving communities.

## Wefunder
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Software, SaaS, E-Commerce

Wefunder is a crowd investing platform that offers capital raising services. The company's online platform offers investment services to startups through its investors' userbase and disruptive companies can receive amount as small as hundred dollars, enabling companies to grow and develop their businesses.

## Beta-i
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: FinTech, Computer, Software

Beta-i is an organization created to boost entrepreneurship, and its mission is to foster a true innovation culture. We help new and established businesses grow, by offering 360º innovation services with 6 main areas: Acceleration, Events, Consulting, Open Innovation, Education and Investment.Internationally recognized as one of the leadingcompanies in this field, and for running Lisbon Challenge, one of Europe’s most active startup accelerators, since 2010 we have received +5000 applications to our several programs and accelerated over 850 startups, that have raised +65M.

## Rock International Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Energy, Machine Learning, Artificial Intelligence

Rock International Group is a venture capital investment firm.

## Augusta Investments LLC
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, E-Commerce

Seed/Early Technology Investments

## Novabase Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Information Technology, Software, Artificial Intelligence

Novabase Capital, Sociedade de Capital de Risco, SA is a venture capital firm owned entirely by Novabase SGPS, SA. Its main purpose is to find and support Portuguese ICT business projects – in early development or expanding – with high potential. Novabase Capital has an unique, specific expertise and a long track record in the development oftechnology-based SMEs throughout Portugal.

## Prudence
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Real Estate, SaaS, Events

We invest in technology companies leading the global transformation of the real estate sector.

## Workday Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: SaaS, Software, Artificial Intelligence

Workday Ventures helps accelerate innovation by connecting next-generation enterprise technology companies with Workday, customers, and the broader community. Learn more

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