# Top 20 Food and Beverage VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Indico Capital Partners | 4 | Portugal, United States, Italy | Seed, Series A, Series C | Information Technology, E-Commerce, B2B |
| Caixa Capital | 3 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, Health Care |
| Portugal Ventures | 2 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| Lince Capital | 2 | Portugal | Seed | Grocery, Cannabis, Coworking |
| REDangels | 2 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Internet of Things, Mobile, Internet |
| Olisipo Way | 2 | Portugal | Pre-Seed, Seed, Convertible Note | Software, SaaS, Communities |
| MSM | 2 | United Kingdom, Germany, Portugal | Seed, Pre-Seed, Series A | Information Technology, Software, B2B |
| Bright Pixel | 1 | Portugal, United States, Spain | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| TMT Investments | 1 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| COREangels | 1 | Spain, Portugal, United Kingdom | Seed, Pre-Seed, Angel | Software, E-Commerce, Information Technology |
| Flyer One Ventures | 1 | United States, United Kingdom, Cyprus | Seed, Series A, Pre-Seed | Software, Education, Artificial Intelligence |
| CaixaBank | 1 | Spain, Ireland, Portugal | Debt Financing, Seed, Pre-Seed | Renewable Energy, Apps, Oil and Gas |
| Raison Asset Management | 1 | United States, Israel, Sweden | Secondary Market, Seed | FinTech, SaaS, Software |
| Casa Verde Capital | 1 | United States, Germany, Canada | Seed, Series A, Series B | Cannabis, Health Care, Information Technology |
| Seedcamp | 1 | United Kingdom, United States, Germany | Seed, Pre-Seed, Series A | Software, FinTech, SaaS |
| Startup Lab | 1 | Russian Federation, United States, Canada | Pre-Seed, Seed, Angel | E-Commerce, Food Delivery, Software |
| Shilling | 1 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Internet, Information Technology, Software |
| Vershina Capital | 1 | United States, Russian Federation, Portugal | Secondary Market, Series A | Software, EdTech, Education |
| Insta Ventures | 1 | United States, Estonia, France | Seed, Pre-Seed | E-Commerce, Food and Beverage, Grocery |
| Market One Capital | 1 | Poland, United Kingdom, Germany | Seed, Pre-Seed, Series A | Internet, Information Technology, E-Commerce |

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