# Top 5 Construction VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Armilar Venture Partners | 1 | Portugal, United States, United Kingdom | Series A, Seed | Software, Information Technology, Manufacturing |
| Indico Capital Partners | 1 | Portugal, United States, Italy | Seed, Series A, Series C | Information Technology, E-Commerce, B2B |
| Portugal Ventures | 1 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| EDP Ventures | 1 | Portugal, Brazil, United States | Seed, Series A | Software, Information Technology, Energy |
| Shilling | 1 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Internet, Information Technology, Software |

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