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Top 50 Gaming Startup Investors in Portugal (May 2026)

The most active venture capital funds and angel investors investing in Portugal Gaming startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Portugal Gaming startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Portugal Ventures
VC Fund
6 Portugal, United States, France Seed, Pre-Seed Software, Health Care, Information Technology $107k–$1.6M
Shilling
VC Fund
5 Portugal, Spain, United States Seed, Pre-Seed, Series A Internet, Information Technology, Software $200k–$24M
Indico Capital Partners
VC Fund
4 Portugal, United States, Italy Seed, Series A, Series C Information Technology, E-Commerce, B2B $536k–$39M
Miguel Santo Amaro
Angel
3 Spain, Portugal Pre-Seed, Seed, Angel Communities, Food Delivery, Food and Beverage
Alex Vassiliev
Angel
3 Portugal, United States Pre-Seed, Seed, Angel Apps, Baby, EdTech $1M–$1.4M
Caixa Capital
VC Fund
3 Portugal, United States, Spain Seed, Series A Software, Information Technology, Health Care $107k–$24M
MSM
VC Fund
2 United Kingdom, Germany, Portugal Seed, Pre-Seed, Series A Information Technology, Software, B2B $214k–$5.4M
COREangels
VC Fund
2 Spain, Portugal, United Kingdom Seed, Pre-Seed, Angel Software, E-Commerce, Information Technology $161k–$857k
Leonid Dovladbegyan
Angel
2 Portugal Seed, Pre-Seed Grocery, Food Delivery, Delivery Service
Andrey Tsytsenko
Angel
2 Portugal, Russian Federation Seed, Angel, Pre-Seed Grocery, Software, Food Delivery $1.3M–$1.9M
Dmitry Shklyar
Angel
2 Portugal, Russian Federation Seed, Angel, Pre-Seed Finance, Grocery, Crowdfunding
Olisipo Way
VC Fund
2 Portugal Pre-Seed, Seed, Convertible Note Software, SaaS, Communities $161k–$725k
Lince Capital
VC Fund
2 Portugal Seed Grocery, Cannabis, Coworking $804k–$15M
REDangels
VC Fund
2 Portugal, Poland, Germany Seed, Pre-Seed, Angel Internet of Things, Mobile, Internet $11k–$1.4M
SharesPro
VC Fund
1 United States, Portugal Secondary Market, Seed SaaS, Cryptocurrency, Artificial Intelligence $3.4M–$5M
Philipp Moehring
Angel
1 Germany, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, FinTech $800k–$2.7M
Shanti Bergel
Angel
1 United States, Canada, Finland Seed, Series A, Series B Gaming, PC Games, Mobile $41k–$17M
ADvantage
VC Fund
1 United States, Israel, Portugal Series A, Seed, Series B Sports, PaaS, Mobile Apps
Semapa Next
VC Fund
1 Portugal Series A Information Technology, PaaS, Mobile Apps
TMT Investments
VC Fund
1 United States, United Kingdom, Estonia Seed, Series A Software, SaaS, Social Media $200k–$10M
Cristina Fonseca
Angel
1 Portugal, United States Seed, Angel, Series A Information Technology, Software, CRM
David Helgason
Angel
1 United States, Denmark, Finland Seed, Pre-Seed Software, Gaming, Information Technology $230k–$4.6M
Sisu Game Ventures
VC Fund
1 Finland, United States, Iceland Seed, Series A Gaming, Video Games, Virtual Reality $193k–$38M
Paul Heydon
Angel
1 United States, United Kingdom, Finland Seed, Series A, Pre-Seed Software, Gaming, Mobile Apps $600k–$12M
Google Assistant Investments
VC Fund
1 United States, India, Canada Seed, Series A Artificial Intelligence, Machine Learning, Software
Bynd Venture Capital
VC Fund
1 Portugal, Spain, United States Seed, Series A Software, E-Commerce, Health Care $465k–$3.5M
Amazon Alexa Fund
VC Fund
1 United States, Canada, United Kingdom Seed, Series A Software, Artificial Intelligence, Internet of Things $120k–$22M
Vershina Capital
VC Fund
1 United States, Russian Federation, Portugal Secondary Market, Series A Software, EdTech, Education $500k–$11M
Cleo Sham
Angel
1 United Kingdom, Spain, Belgium Seed, Pre-Seed, Series A mHealth, Wellness, E-Commerce
Niall Curran
Angel
1 Portugal Seed iOS, Gaming, Android
Alex Atallah
Angel
1 Portugal Seed Gaming, Blockchain, Video Games
CaixaBank
VC Fund
1 Spain, Ireland, Portugal Debt Financing, Seed, Pre-Seed Renewable Energy, Apps, Oil and Gas $14M–$620M
Rui Pereira
Angel
1 Portugal Seed iOS, Gaming, Android
Voodoo
VC Fund
1 Turkey, India, Israel Seed, Corporate Round Gaming, iOS, Android $597k–$1.5M
Alexis Bonte
Angel
1 Finland, Portugal, United States Seed, Series A, Angel Gaming, Video Games, Apps $550k–$7M
Startup Lab
VC Fund
1 Russian Federation, United States, Canada Pre-Seed, Seed, Angel E-Commerce, Food Delivery, Software $45k–$2.5M
Clever Advertising
VC Fund
1 Portugal, United States Seed, Pre-Seed Mobile Apps, PaaS, SaaS
Aream & Co
VC Fund
1 United States, United Kingdom, Canada Seed Gaming, iOS, Mobile $1M–$9M
BreakawayGrowth Fund
VC Fund
1 United States, Canada, Portugal Seed, Series B, Series E Software, Computer, Internet $100k–$15M
LC Ventures
VC Fund
1 Portugal, China, Poland Seed, Pre-Seed, Series D Information Technology, Artificial Intelligence, Internet of Things $11k–$4.9M
Venly Ventures
VC Fund
1 Portugal Seed Gaming, Web Apps, Online Games
Snackclub
VC Fund
1 United States, Brazil, Portugal Seed, Pre-Seed, Initial Coin Offering Gaming, Blockchain, Video Games $2M–$2M
Polygon
VC Fund
1 United States, India, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Gaming $250k–$46M
MarketAcross
VC Fund
1 Portugal, United States, United Kingdom Seed, Initial Coin Offering Gaming, Blockchain, Cryptocurrency $2M–$3M
LD Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$16M
Sebastien Borget
Angel
1 United States, France, The Netherlands Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.5M–$60M
Flyer One Ventures
VC Fund
1 United States, Cyprus, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Education $350k–$15M
MixMarvel DAO Venture
VC Fund
1 Singapore Seed Gaming, Software, Blockchain $2M–$5M
Paulo Alexandre Lopes
Angel
1 Brazil, Portugal Pre-Seed SaaS, Boating, Gambling $106k–$3.2M
Mechanism Capital
VC Fund
1 United States, Singapore, Canada Seed, Series A Blockchain, Software, Gaming $1.3M–$12M
Access all 38 investors in Portugal Gaming startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Portugal Ventures
VC Fund · Porto, Lisboa, Portugal · 6 investments in Portugal Gaming startups, 13 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States, France

Investor stats

  • Total investments: 159
  • Round size: Seed $107k–$1.6M; Pre-Seed $107k–$643k
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • HiJiffy — Increase direct bookings and upselling with HiJiffy's AI-powered communication solutions for hospitality.
  • MyCareforce — The platform that connects nurses to available shifts.
  • Floating Particle — Floating Particle is a technology and innovation company that drives an innovative solution for waste management and clean energy. Floating Particle specializes in IoT, Big Data and Machine Learning to provide cutting-edge technology to the customers.
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Shilling
VC Fund · Lisboa, Lisboa, Portugal · 5 investments in Portugal Gaming startups, 7 in the past 12 months

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.

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Investment focus

  • Industry: Internet, Information Technology, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 56
  • Round size: Seed $214k–$5M; Pre-Seed $200k–$3.2M; Series A $2.4M–$24M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Cargofive — Cargofive is the digital solution that will allow your freight forwarder to access to maritime rates from different providers in one place.
  • MyCareforce — The platform that connects nurses to available shifts.
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Indico Capital Partners
VC Fund · Lisbon, Lisboa, Portugal · 4 investments in Portugal Gaming startups

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.

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Investment focus

  • Industry: Information Technology, E-Commerce, B2B
  • Stage:Seed, Series A, Series C
  • Geography: Portugal, United States, Italy

Investor stats

  • Total investments: 31
  • Round size: Seed $536k–$3M; Series A $5.4M–$36M; Series C $39M–$39M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Membrion — Remove Problematic Ions to Expand Capacity, Ensure Compliance, and Eliminate Costs with Electro-Ceramic Desalination
  • Ittinsect - Feed for the Ocean — Zero ocean impact aquafeed. Ittinsect aims to reduce overfishing in the oceans thanks to insect based aquaculture feeds.
  • Spotlite — Spotlite - Satellite-based innovative infrastructure monitoring solutions.
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Miguel Santo Amaro
Angel · Lisbon, Lisboa, Portugal · 3 investments in Portugal Gaming startups

Miguel is a tech entrepreneur (Coverflex, StudentFinance, and Uniplaces) and an early-stage tech investor via Shilling (new early-stage €30M Shilling Founders Fund).Miguel is the co-founder & CEO of Coverflex.com. The way we work is changing, but compensation — salary, bonus, equity, and benefits — has not evolved for decades. The currentrigid, one-size-fits-all approach is outdated and fails to satisfy the needs of the modern workforce. Coverflex is changing that. This all-in-one tech-enabled platform enables all companies — regardless of their size — to design, consolidate and personalise their compensation offers beyond salary. Companies can supercharge their employee benefits while saving both time and money. Coverflex calls this “Compensation as a Service”. Miguel is also the founder of Studentfinance.com (edtech startup promoting Income-Share -Agreements (“ISA”) to help increase educational opportunity and empower people to access high-impact careers) & Uniplaces.com (consumer marketplace to mid-to-long term rentals).Miguel is also a Partner, since 2017, in the most active pre-seed and seed VC in Portugal - Shilling.vc - as well as a lead mentor role in Techstars. Since then, Miguel led angel investments in more than 30 early-stage companies in Europe.Miguel is passionate about startups and entrepreneurship and serves as an advisor to a number of early-stage companies around Europe. Since 2017 he is an EO Portugal Founding Member, a peer-to-peer organisation that supports high-impact entrepreneurs across the world. He is married to Flávia and together they have baby Camila.

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Investment focus

  • Industry: Communities, Food Delivery, Food and Beverage
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Spain, Portugal

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • EatTasty — EatTasty | So simple and so good.
  • Luca — Luca's learning platform provides learning programs for primary and secondary school students. The learning platform offers pre-recorded K12 videos, gamified content and AI powered personalized study paths, covering the entire official academic curriculum and national exams prep. Luca is a VC backed startup with HQ in Madrid & MexicoCity
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Alex Vassiliev
Angel · Moscow, Moscow City, Russian Federation · 3 investments in Portugal Gaming startups

Alex Vassiliev is a Founder and CEO at Elixir Fine Foods.

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Investment focus

  • Industry: Apps, Baby, EdTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Portugal, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $1M–$1.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bairro — Produtos em minutos
  • Buddy.ai — Buddy lets children practice spoken English by talking with a virtual AI-powered cartoon character in a mobile app. With its engaging virtual character, speech technology, and adaptive learning, Buddy is making speaking practice affordable for 500 million children around the globe by automating the mundane part of tutoring work at a fraction ofthe cost. This enables teachers and parents to give kids unlimited speaking practice, essential for mastering English.
  • Elixir Fine Foods — Elixir Fine Foods is an innovative startup company bringing the highest quality European products to China, using the power of social commerce.Flagship brand in Elixir's portfolio is Healthy Eva - baby food brand with products in different categories including fruit, vegetable, meat and fish purees, baby biscuits, baby porridges etcdistributed through e-commerce and social commerce in China, including e-commerce platforms like Tmall Global or live-streaming serices such as Taobao Live, Kuaishou etc.
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Caixa Capital
VC Fund · Lisboa, Lisboa, Portugal · 3 investments in Portugal Gaming startups

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.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Portugal, United States, Spain

Investor stats

  • Total investments: 64
  • Round size: Seed $107k–$2.5M; Series A $696k–$24M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • HiJiffy — Increase direct bookings and upselling with HiJiffy's AI-powered communication solutions for hospitality.
  • Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
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MSM
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

MSM is an early-stage generalist impact fund that invests all across Europe.

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Investment focus

  • Industry: Information Technology, Software, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Portugal

Investor stats

  • Total investments: 32
  • Round size: Seed $1.3M–$3.8M; Pre-Seed $214k–$1.8M; Series A $3.8M–$5.4M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • GoParity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
  • Flecto — Flecto is the rental platform that makes businesses thrive in the circular economy. A flexible rental software for all types of businesses.
  • WNWN Food Labs — We're WNWN Food Labs and we love food. We're creating delicious, sustainable and ethical alternatives to unsustainable and ethically dubious foods. We're starting with cacao-free chocolate. Changing chocolate? It's Win-Win #alt-chocolate #altchocolate #alt-universe #altuniverse #alt-protein
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COREangels
VC Fund · Ílhavo, Aveiro, Portugal · 2 investments in Portugal Gaming startups

Where startups can get much more than money, and Investors can professionally invest as angels.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Spain, Portugal, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $265k–$857k; Pre-Seed $161k–$268k
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • WAISENSE — WAISENSE es una marca internacional que desarrolla sistemas inteligentes para ahorrar agua en viviendas o negocios. Empieza a ahorrar agua con WAISENSE.
  • Jrny — Looking for a new way to own your home? Lock-in a house today and begin your journey home.
  • Kiddle Pass — Kiddle Pass integrates children into cultural, physical, educational, and leisure activities to provide a universe of possibilities, where they can improve skills, discover talents and identify new passions.
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Leonid Dovladbegyan
Angel · 2 investments in Portugal Gaming startups

Leonid Dovladbegyan is a general director of online hypermarket Vprok.ru.

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Investment focus

  • Industry: Grocery, Food Delivery, Delivery Service
  • Stage:Seed, Pre-Seed
  • Geography: Portugal

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Bairro — Produtos em minutos
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Andrey Tsytsenko
Angel · Russia, Ohio, United States · 2 investments in Portugal Gaming startups

Andrew Tsytsenko is a CEO/Co-founder – Motify App. He attended Université Paris Dauphine - PSL.

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Investment focus

  • Industry: Grocery, Software, Food Delivery
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Portugal, Russian Federation

Investor stats

  • Total investments: 4
  • Round size: Seed $1.3M–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bairro — Produtos em minutos
  • Geeek club — Learn without realizing. Unique DIY bots and models. Made of PCB.
  • Skipp — Hire Top Software Developers, UX/UI Designers, Product managers, DevOps, No-code Developers And Other Tech Talents
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Dmitry Shklyar
Angel · Petersburg, Virginia, United States · 2 investments in Portugal Gaming startups

Dmitry Shklyar is the founder of JobTop. Dmitry Shklyar attended Saint Petersburg State University of Finance and Economics in 2002.

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Investment focus

  • Industry: Finance, Grocery, Crowdfunding
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Portugal, Russian Federation

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bairro — Produtos em minutos
  • JetLend — JetLend is a crowdfunding platform through which private investors lend to small businesses.
  • Geeek club — Learn without realizing. Unique DIY bots and models. Made of PCB.
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Olisipo Way
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Olisipo Way is an early-stage venture firm that focuses on IT investments. It invests in technology companies with very diverse and complementary skills. The initial portfolio of Olisipo Way comes from the innovation created within the Olisipo through the continuous stimulation of innovation among employees and the incubation of new businessventures.The firm was founded in 2015 and is headquartered in Lisbon, Lisboa.

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Investment focus

  • Industry: Software, SaaS, Communities
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: Portugal

Investor stats

  • Total investments: 9
  • Round size: Pre-Seed $161k–$725k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Zharta — Zharta is a peer to pool protocol that enables its users to apply for real-time loans by using NFTs as collateral.
  • sheerME — SheerME is Revolutionising the way people find, book, and pay for their Wellness and Beauty services powered by a benefit-based walletOur approach is based on Discovery, Transaction & Reward to create more online visibility, reach, conversion into new business, loyalty, and frequency through our wallet and cashback ecosystem, to all ourpartners in the beauty and wellness sectors.This made us a fresh and different option in this sector where there are mainly SaaS players, and we bring marketplace with no monthly fee, only a commission for business sent through our owned and partner channels.
  • advertio — The customer acquisition platform that empowers your business to grow risk-free, where you only pay per results, not promises.
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Lince Capital
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Portugal Gaming startups

Lince Capital is an independent venture capital company. Lince Capital was born from the experience of a family group with over 30 years of experience in managing investment funds in various business areas, including real estate, infrastructure, agriculture, and telecommunications.Lince Capital is distinguished by its personalized and excellentsupport, close and direct relationship with each of its investors and business partners, and the dedication of an experienced and dynamic team.

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Investment focus

  • Industry: Grocery, Cannabis, Coworking
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 5
  • Round size: Seed $804k–$15M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • HiJiffy — Increase direct bookings and upselling with HiJiffy's AI-powered communication solutions for hospitality.
  • 360hyper — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • Cargofive — Cargofive is the digital solution that will allow your freight forwarder to access to maritime rates from different providers in one place.
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REDangels
VC Fund · Aveiro, Aveiro, Portugal · 2 investments in Portugal Gaming startups

They believe the unbelievable and trust the untrustable.

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Investment focus

  • Industry: Internet of Things, Mobile, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Portugal, Poland, Germany

Investor stats

  • Total investments: 23
  • Round size: Seed $107k–$1.4M; Angel $54k–$177k; Pre-Seed $11k–$54k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • HypeLabs — HypeLabs is the company that created the Hype SDK, an interoperable mesh networking software that improves connectivity on all kinds of devices, from mobile to desktop to IoT, allowing them to connect even when there is no internet. The software works by intelligently connecting devices in local mesh networks using existing connectivitytechnologies, such as Bluetooth, WiFi, LoRa and others. This network enables content to securely hop between devices, until it reaches a destination or an Internet exit point, improving range and deliverability.Founded in 2016, the company is located in San Francisco (USA), Porto (Portugal), London (UK) and Krakow (Poland). AngelPad #10 (Spring '16) alumni & Deutsche Telekom WARP alumni.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Sensefinity — Sensefinity The Blockchain IoT Transformation Company Building the Internet of Cargo Where Assets autonomously connect to processes
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SharesPro
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Portugal Gaming startups

SharesPro is an independent analyst working on the US stock market, an expert on systematic investment and capital growth. SharesPro has extensive experience in stock markets and in-depth knowledge of investments, mergers, and acquisitions. The firm was incorporated in 2017 and is based in Moscow, Moscow City, Russian Federation.

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Investment focus

  • Industry: SaaS, Cryptocurrency, Artificial Intelligence
  • Stage:Secondary Market, Seed
  • Geography: United States, Portugal

Investor stats

  • Total investments: 4
  • Round size: Secondary Market $3.4M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Convoy — Convoy uses technology to make freight more efficient, reduce shippers' costs, increase carriers' earnings, and eliminate carbon emissions.
  • TRUE Future — Our goal is to unleash the potential of NFT tokens and provide brands, game developers and users with cross-chain infrastructure to apply real benefits of the technology.
  • Automation Anywhere — Automation Anywhere is a global leader in Robotic Process Automation, offering cloud-native, web-based, intelligent automation solutions to the world's largest enterprises.
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Philipp Moehring
Angel · Berlin, Berlin, Germany · 1 investments in Portugal Gaming startups

Philipp is an earliest stage technology investor in Berlin. He invested in more than 100 companies across various sectors, including open source software, ML/AI enabled SaaS, and deep tech from synthetic biology to materials science.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $800k–$2.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Levity — Train your own AI on documents, images, or text data to perform daily, repetitive tasks so your team can reach the next level of productivity. No code required.
  • consalio — The advisor spend management solution that helps management to stay in control of the advisor spend.
  • Unlock — Unlock is a video-based platform packed with unique experiences your team will love.
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Shanti Bergel
Angel · San Francisco, California, United States · 1 investments in Portugal Gaming startups

Shanti Bergel is the Managing Director of the Transcend Fund, an early stage venture capital firm focused on games and digital entertainment.

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Investment focus

  • Industry: Gaming, PC Games, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Finland

Investor stats

  • Total investments: 20
  • Round size: Seed $41k–$8.5M; Series A $12M–$17M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Carbonated — Carbonated's main focus is its upcoming mobile shooter, which uses AI to make the typically hardcore genre more accessible and easier to play with just one hand. It is also developing its own live ops system, Carbyne, which it will use to quickly deliver updates to its game.
  • Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.
  • Playable Worlds — Playable Worlds builds the most alive online worlds ever -- powered by cloud-native technology that enhances all types of play.
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ADvantage
VC Fund · Jerusalem, Yerushalayim, Israel · 1 investments in Portugal Gaming startups

ADvantage Sports Tech Fund invests in early-stage technology companies aimed at shaping the future of sports. ADvantage is backed by leAD Sports, an initiative spearheaded by the grandchildren of Adi Dassler to further sports innovation, and global hybrid venture capital platform, OurCrowd. ADvantage is leveraging a strong global network to sourceleading opportunities in the spaces of fan engagement and experience, connected athletes and communities, and derivative sports (eSports, fantasy, and new sports).

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Investment focus

  • Industry: Sports, PaaS, Mobile Apps
  • Stage:Series A, Seed, Series B
  • Geography: United States, Israel, Portugal

Investor stats

  • Total investments: 6
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Tappp — THE FLEXIBLE WAY TO WATCH & BET LEARN MORE FOR RIGHTS HOLDERS & SPORTSBOOKS THE TAPPP PLATFORM ENABLES FLEXIBLE PAYMENTS LEARN MORE REAL-TIME GAMING & COMMERCE LEARN MORE
  • Rooter — Rooter is an Indian game streaming platform that organizes multiple esports tournaments and owns many gaming IPs. It focuses on the massive mobile gaming market of more than 350 mn gamers. Conceptualized in 2016, Rooter was initially set up by Piyush and Dipesh Agarwal to build a strong community of sports fans around the world. But soon afterthe outbreak of COVID-19, Rooter forayed into game streaming to build one of the country’s biggest communities of gamers as well. Rooter has reached out to more than 23 mn users with an average user watching Live game streams daily for 26 mins. Rooter also runs the biggest community program to build the next million game streamers in India. Today Rooter is the biggest streaming platform in India available across Android, iOS, and Desktop.
  • RealFevr — Collect sports moments, battle against other players and earn rewards.
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Semapa Next
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Semapa Next is a venture capital firm that invests in teams of exceptional founders from Series A to late-stage funding.

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Investment focus

  • Industry: Information Technology, PaaS, Mobile Apps
  • Stage:Series A
  • Geography: Portugal

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Soveren — Soveren helps engineering and security teams protect personal data by detecting privacy risks and analyzing real-time data flows within your infrastructure.
  • Probely — Probely is a web application and API vulnerability scanner for agile teams. Automate Security Testing by adding Probely into your SDLC and CI/CD pipelines.
  • RealFevr — Collect sports moments, battle against other players and earn rewards.
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in Portugal Gaming startups

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

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Investment focus

  • Industry: Software, SaaS, Social Media
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 99
  • Round size: Seed $200k–$5M; Series A $1M–$10M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Feel — We make the cleanest, potent supplements in the world. Delivered straight to your door. Designed by nutritionists for energy, sleep, stress and hair, skin & nails.
  • Whizz — My Device is a subscription-based rental service provider for devices like electric scooters, bicycles, home sports equipment, etc.
  • Mobilo Card — Share your contact details with a tap. The best digital business card for teams. This is a real business card, no app. The best and cheapest digital business card.
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Cristina Fonseca
Angel · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Cristina is a female software engineer and entrepreneur. She holds a Master’s degree in Telecommunications and Software Engineering from the Technical University of Lisbon and before founding Talkdesk she worked as a researcher and built two other online businesses.Talkdesk is a platform that allows you to you create your call center in minutesand integrate it with a variety of top business tools, including Salesforce, Desk.com and Zendesk. Talkdesk raised more than $24M in the last 2 years from Salesforce Ventures, DFJ, Storm Ventures and 500Startups.Cristina leads the Talkdesk Lisbon office and her areas of focus include engineering, product and knowledge management. Cristina is proud of the role woman play in technology and society today. She is a Global Shaper and part of the Global Agenda Council on Europe, a World Economic Forum initiative.

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Investment focus

  • Industry: Information Technology, Software, CRM
  • Stage:Seed, Angel, Series A
  • Geography: Portugal, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • EatTasty — EatTasty | So simple and so good.
  • Infraspeak — Infraspeak is an Intelligent CMMS Software that brings outstanding flexibility, connectivity and intelligence to your operations.
  • Amplemarket — Next Generation Sales Intelligence
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Portugal Gaming startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 62
  • Round size: Seed $600k–$4.6M; Pre-Seed $230k–$2M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Isometric — Isometric is a carbon removal registry and science platform
  • TreesPlease Games — TreesPlease Games develops various computer and online games. The company is headquartered in London.
  • Scriptic — Scriptic, interactive story games on mobile.
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Sisu Game Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Portugal Gaming startups

Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.

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Investment focus

  • Industry: Gaming, Video Games, Virtual Reality
  • Stage:Seed, Series A
  • Geography: Finland, United States, Iceland

Investor stats

  • Total investments: 45
  • Round size: Seed $193k–$4.6M; Series A $6M–$38M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • Unagi — Collect your favorite football players and pick your best 11 every week!
  • Multiscription — Multiscription is a cross-product subscription service. Introducing Unleashd, the first in-game and cross-publisher subscription service for free-to-play games.
  • Esports Coaching Academy — ECA's software solution consists of an educational hub and a SaaS solution that provides exercises and complete programming for esports clubs and coaches.
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Paul Heydon
Angel · London, England, United Kingdom · 1 investments in Portugal Gaming startups

30 years as a founder, operator, investor, and advisor. Previously Paul was a Co-Founder and General Partner at LVP. Paul has invested in Supercell (majority acquired by Tencent), Unity (NYSE:U), Matchmade, Radiant Entertainment (acquired by Riot Games), Boomlagoon (acquired by Wargaming), Peak (acquired by Hachette Livre), AppOnboard, FRVR,Starform, Gameclub, Coherence, Lucid Sight, Doppio Games, Capture, Flick, EvenPrime, Tellie & Litho and others. Previously, he was an investment banker at Avista Partners, Commerzbank Securities & ING Barings. He has both a HBA & MBA from the Richard Ivey School of Business at University of Western Ontario in Canada.

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Investment focus

  • Industry: Software, Gaming, Mobile Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Finland

Investor stats

  • Total investments: 51
  • Round size: Seed $1M–$4.5M; Pre-Seed $600k–$660k; Series A $3.7M–$12M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tellie — Create a free website/link-in-bio to market your art, release new music, increase your followers, sell merchandise, and share your portfolio/resume/EPK. Token Gate all.
  • Coherence — Unlock your multiplayer possibilities
  • Glean AI — Glean AI is the only Accounts Payable solution that combines smart automation with spend intelligence and powers Finance teams to drive material savings.
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Google Assistant Investments
VC Fund · Mountain View, California, United States · 1 investments in Portugal Gaming startups

They are looking to invest and work closely with early-stage companies that are moving the voice and assistance ecosystem forward. If your company is developing technologies that broaden the Assistant’s set of features, building new hardware devices for digital assistants, or focusing on a particular industry such as travel, games, or hospitality,we'd like to hear from you.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Software
  • Stage:Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 20
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Satisfi Labs — Transform your customer interactions with conversational marketing powered by our AI Chat. Our solution provides consistent and scalable conversations across
  • Instreamatic — We enable direct voice communication between consumers and companies across billions of existing touchpoints
  • Wysa — Use Wysa to vent or just talk through negative thoughts and emotions. Let it help you cope with pandemic anxiety and lockdowns. It is anonymous, safe and free.
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Bynd Venture Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming startups

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, ...).

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Series A
  • Geography: Portugal, Spain, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $465k–$3.5M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Ukio — Artfully designed fully furnished apartments available for extended stays
  • Trebellar — Trebellar provides advanced data analytics for building occupancy, energy efficiency, and climate optimization. Maximize your workplace productivity with our intelligent building solutions.
  • Guud Woman — Verbeter je cyclus met Guud Woman. Onze supplementen ondersteunen je hormonen en vruchtbaarheid, bevorderen een gezonde huid en meer.
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Amazon Alexa Fund
VC Fund · Seattle, Washington, United States · 1 investments in Portugal Gaming startups

The Amazon Alexa Fund is Amazon’s venture capital fund investing in artificial intelligence, frontier tech, voice, robotics, and digital health across consumer and enterprise. We invest in early- to growth-stage companies globally. To learn more, visit us at alexafund.com.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet of Things
  • Stage:Seed, Series A
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 120
  • Round size: Seed $120k–$4.4M; Series A $5.6M–$22M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Hyper — Hyper is an avatar-based social network. We're building the metaverse.
  • Superplastic — Superplastic is a character-based product and entertainment company. It creates limited edition art toys, apparel, games, and animation based on characters created in collaboration with some of the greatest artists in the world. Superplastic is founded on the principle that effort and scarcity are intrinsic components of value. The companyappropriates the tools of mass media and mass production to create limited edition works of art for a limited audience. It was established in 2017 and is based in Burlington, Vermont.
  • Scythe — Self-driving, all-electric mowers for commercial landscaping. Learn how Scythe can help your business do more.
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Vershina Capital
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Portugal Gaming startups

Vershina Capital is a venture capital fund with the focus on innovative business models and growing markets. We provide our financing and expertise to early stage startups in online education, foodtech, e-commerce and saas business models.

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Investment focus

  • Industry: Software, EdTech, Education
  • Stage:Secondary Market, Series A
  • Geography: United States, Russian Federation, Portugal

Investor stats

  • Total investments: 22
  • Round size: Series A $500k–$5.4M; Secondary Market $4.4M–$11M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Bairro — Produtos em minutos
  • MetroSpeedy — MetroSpeedy is a leading technology based local delivery company providing on-demand, same day or scheduled delivery services.
  • Xway (FRIPPERWAY) — Сервис для продажи товаров на крупных маркетплейсах
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Cleo Sham
Angel · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Cleo is Spotahome’s Chief Operating Officer. She oversees Spotahome’s global performance, delivery and expansion, and leads operations and customer experience, which covers Spotahome’s unique selling proposition -the Homecheckers, property listings, landlord management, regional development and the tenant experience. Prior to Spotahome, Cleo wasHead of Uber’s Regional Operations EMEA, where she was responsible for ridesharing operations in 45 countries after moving from Director of Operations, China. There she helped to turn Guangzhou, home to 12 million people in southern China, into Uber’s busiest city globally in little more than two years. Prior to Uber, she had worked at Mckinsey, Merrill Lynch and had launched a number of her own startups. Cleo is the first woman to join the Spotahome C-Suite. Cleo is a strong ambassador for women in business and LGBTQ+ inclusivity, recognised by her participation in leading events Women in Technology, EUROUT and Feminin Pluriel. She holds an MBA from Wharton Business School at the University of Pennsylvania, an Ivy League institution, where she was a Joseph Wharton Fellow, and graduated from Rice University with a triple-major in Economics, Managerial Studies and Sports Management. In her spare time, Cleo has a passion for sports, especially surfing and tennis. She speaks English, Cantonese, Mandarin, German and Spanish.

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Investment focus

  • Industry: mHealth, Wellness, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Spain, Belgium

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Kitch — Centralize all your delivery apps or create your own delivery channel for your restaurant with Kitch. Join for free!
  • Yayem — Yayem is an experiential members club and digital platform changing the nature of work and play. We are building the world’s first lifestyle brand for the new age of hybrid worker.
  • Pourwell — Introducing the world's first subscription club for premium alcohol free spirits
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Niall Curran
Angel · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Niall Curran is the Chairman at COPA90.

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Investment focus

  • Industry: iOS, Gaming, Android
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
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Alex Atallah
Angel · Menlo Park, California, United States · 1 investments in Portugal Gaming startups

Alex Atallah is a Co-Founder of OpenSea. Attended Stanford University.

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • METAMORPH — Blockchain gaming company
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CaixaBank
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Portugal Gaming startups

Portal web corporativo de CaixaBank. Información corporativa para Accionistas e Inversores, información comercial y sobre responsabilidad corporativa.

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Investment focus

  • Industry: Renewable Energy, Apps, Oil and Gas
  • Stage:Debt Financing, Seed, Pre-Seed
  • Geography: Spain, Ireland, Portugal

Investor stats

  • Total investments: 11
  • Round size: Debt Financing $14M–$620M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Reby — Reby is a European multinational company involved in the design, construction, financing, operation (DBFO) and maintenance of public sharing transport infrastructure. Today, Reby is the Southern Europe leader in the micromobility field, with over 15 agreements with public administrations. The company was founded by four entrepreneurs (Pep Gómez,Kiran Thomas, Cristina Castillo, and Guillem Pagès) in 2018 as a micromobility operator, winning the first public tender in Europe for kickscooters, in the city of Zaragoza (Spain). During the COVID-19 pandemic, the company increased its R&D efforts, expanding into the MaaS (mobility-as-a-service) economy and the investment banking/franchising business for public administrations (through PPPs), public utility companies, as well as SMEs.
  • Jáchegou — Somos simples, únicos e de confiança, vendemos tudo o que precisa e o que não precisa, mas que ninguém vai conseguir resistir. Porque vamos dar ideias de tudo o que já conhece e do que nunca ouviu falar. O nosso centro comercial online permite comprar sem sair do sofá, sem ter de procurar lugar para o carro, andar quilómetros, percorrer váriaslojas a procura de um produto. Realizamos uma entrega imediata com garantia de qualidade.
  • Fincantieri — Fincantieri is one of the shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry’s sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions,systems and components production and after-sales services.
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Rui Pereira
Angel · Linda-a-velha, Lisboa, Portugal · 1 investments in Portugal Gaming startups

Rui Pereira is a co-founder and Vice President at OutSystems. Currently runs Professional Services, Technical Support and the IT groups. Before starting OutSystems, Pereira was a partner at WeDo Consulting, worked in various positions at Oracle in the US and Europe and Unilever. Has studied Computer Science, Business Management and Marketing.

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Investment focus

  • Industry: iOS, Gaming, Android
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
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Voodoo
VC Fund · Paris, Ile-de-France, France · 1 investments in Portugal Gaming startups

We entertain millions of users around the world every month with our games and apps.

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Investment focus

  • Industry: Gaming, iOS, Android
  • Stage:Seed, Corporate Round
  • Geography: Turkey, India, Israel

Investor stats

  • Total investments: 6
  • Round size: Seed $597k–$1.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Teskin — Teskin is a developer and a publisher of popular games and is one of the leaders in the casual mobile games category with millions of satisfied players.We are passionate about creating the best games in the market focusing on quality, innovation, gaming experience and great added value for our players.We are based in the center of Israel andour team is made up of people who just love what they do - and do it the best.
  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
  • Polygon — Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.
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Alexis Bonte
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Portugal Gaming startups

Alexis is a Venture Partner at Atomico advising on new investments in France, Spain & Portugal and Eastern Europe as well as sourcing and accelerating growth in the games, blockchain and travels vertical. He is passionate about high-impact, purpose-driven companies, and he currently serves on the boards of Bossa Studios and OhBiBi, Atomico’slatest game investment. He splits his time between London, Paris, Bucharest, Stockholm and Madrid.Alexis is co-founder and CEO of games company eRepublik Labs (eRepublik.com, Age of Lords, World at War, War and Peace) a “free-to-play” pioneer that he sold in June of 2017 to Stillfront Group. Alexis remains the company’s CEO, and is also the Group COO for Stillfront, giving him a unique mix of investor as well as operational expertise. Prior to Erepublik Labs, Alexis was part of the first wave of internet start ups and was with lastminute.com for six years right up to its $1.1B trade sale to Sabre in 2005.Alexis has numerous angel investments, mainly in Europe, and has been active in supporting the development of the European digital ecosystem through events and associations.Alexis is fluent in French, Spanish, Portuguese, English, Italian and understands basic Romanian if pushed. A long time ago he was a national sailing champion in Portugal, but now he prefers to stay dry and play chess with one of his three children.

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Investment focus

  • Industry: Gaming, Video Games, Apps
  • Stage:Seed, Series A, Angel
  • Geography: Finland, Portugal, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $550k–$7M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • AudioMob — Monetizing mobile games non-intrusively using audio ads! AudioMob are the creators of Audio Enhanced Banners & Rewarded Audio
  • Flowdesk — The new standard for market-making and crypto-financial technology. Market-making as a Service, brokerage, custody of cryptocurrencies.
  • StageZero Technologies — StageZero inserts in-app ‘MicroTasks’ into mobile games; bite-sized activities that users can complete in exchange for rewards and perks, including coins and extra lives.
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Startup Lab
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Portugal Gaming startups

Startup Lab Russia is a pre-seed/early seed venture capital fund. Startup Lab Russia invests in projects in the early stages and helps them grow, build a network of contacts, scale sales channels, optimize the business model and internal processes with leading experts, and then enter international markets.

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Investment focus

  • Industry: E-Commerce, Food Delivery, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Russian Federation, United States, Canada

Investor stats

  • Total investments: 15
  • Round size: Seed $200k–$2.5M; Pre-Seed $45k–$400k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Bairro — Produtos em minutos
  • Agently.com — Automate your real estate marketing to win more listings and close more deals.
  • Boomerangme — Digital loyalty cards for your business - give bonuses to regular customers, send personal offers by free push-notifications. App for iOS / Android.
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Clever Advertising
VC Fund · 1 investments in Portugal Gaming startups

We are an online advertising company. Experts on leading monetization models. With cutting-edge online media campaigns, online content and traffic management.

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Investment focus

  • Industry: Mobile Apps, PaaS, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Portugal, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Replai — Without data, creative choices are just guesswork. Replai helps you understand the difference between a creative that your audience acts on and one that is just another scroll.
  • RealFevr — Collect sports moments, battle against other players and earn rewards.
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Aream & Co
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Aream & Co. is an independent investment bank providing M&A and financing advice to founders and boards of pioneering technology companies worldwide.

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Investment focus

  • Industry: Gaming, iOS, Mobile
  • Stage:Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 7
  • Round size: Seed $1M–$9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Alter — Alter is an open source, cross-platform SDK consisting of a real-time 3D avatar system and motion capture built from scratch for web3 interoperability and the open metaverse.
  • Volt Games — Volt Games primarily focuses on crafting mobile games for android and ios.
  • Pocket Burger Games — IAP funded, system driven mobile games in blue ocean markets.
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BreakawayGrowth Fund
VC Fund · San Francisco, California, United States · 1 investments in Portugal Gaming startups

UPDATE: Chris Albinson is taking on a new role as CEO at Communitech on May 16th, 2021 - read more about his decision here. Chris and the team at BreakawayG ...

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Investment focus

  • Industry: Software, Computer, Internet
  • Stage:Seed, Series B, Series E
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 11
  • Round size: Seed $100k–$3.7M; Series B $6M–$15M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Gentreo — Gentreo helps you create the important documents you need for official estate planning, including your Will, Power of Attorney, and more. Get started today!
  • Senso.ai — Senso is a fintech startup using artificial intelligence to provide financial institutions with recommendations on how to strengthen client relationships.
  • Doppio Games — Harnessing the power of AI to craft groundbreaking games you can play using only your voice. Setting the stage for the next gen of entertainment.
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LC Ventures
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Portugal Gaming startups

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.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Internet of Things
  • Stage:Seed, Pre-Seed, Series D
  • Geography: Portugal, China, Poland

Investor stats

  • Total investments: 26
  • Round size: Seed $265k–$4.9M; Pre-Seed $11k–$321k
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $16M in 2018

Portfolio highlights

  • 360hyper — The groceries marketplace where you can find everthing you need. Buy online groceries as fast as in 4 hours with personalized picking.
  • Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
  • Brands&Ninjas — SaaS to control the performance of physical marketing campaigns on retail.
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Venly Ventures
VC Fund · 1 investments in Portugal Gaming startups

Build & scale your project with our most comprehensive set of web3 tools. We provide wallet solutions, market solutions, NFT tools, and Shopify.

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Investment focus

  • Industry: Gaming, Web Apps, Online Games
  • Stage:Seed
  • Geography: Portugal

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
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Snackclub
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Portugal Gaming startups

Learn more about play to earn games

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed, Pre-Seed, Initial Coin Offering
  • Geography: United States, Brazil, Portugal

Investor stats

  • Total investments: 11
  • Round size: Seed $2M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Jungle — Jungle is a new web3 gaming studio. We develop and publish hybrid games that are mobile first and blockchain-enabled.
  • Midnight — The company is on a mission to build Web3 games with “eternal stories” and never-ending experiences that keep players coming back.
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Polygon
VC Fund · Bengaluru, Karnataka, India · 1 investments in Portugal Gaming startups, 27 in the past 12 months

Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 83
  • Round size: Seed $2M–$12M; Pre-Seed $250k–$3.8M; Series A $8M–$46M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Delabs Games — At Delabs Games, we want to create fun games that last a thousand years.
  • 0xBoost Finance — Unleash the Power of Multi-Chain Staking and Boost Your Assets. Stake. Earn. Grow. Empowering Crypto Investors Across Multiple Blockchains.
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MarketAcross
VC Fund · Ramat Gan, Tel Aviv, Israel · 1 investments in Portugal Gaming startups

We provide a complete end-to-end blockchain PR and marketing solutions. We guarantee results, by using blockchain storytelling to execute success-based full-stack marketing and growth campaigns.

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Seed $2M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Forward Protocol — Create Blockchains, Subnets, and dApps with A No-Code Interface Wordpress for Web 3.0 Cross-Chain Compatible Industry Agnostic Adoption-Focused Deploy Your dApp Now Join the Community Featured In Deploy and go live in a few minutes. No programming skills required. https://www.youtube.com/watch?v=K07z8cQPQGI&ab_channel=ForwardProtocol Lowest Barrier to Entry Easy to use Open Source Drag and drop Complete control Set
  • StarSharks — StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. The game integrates different types of games and breaks down barriers found between games by allowing players to use the same character to enter the Shark-metaverse. It enables players come together to build and govern a new metaverse and create a community culture in the Shark-metaverse.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Portugal Gaming startups, 6 in the past 12 months

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 130
  • Round size: Seed $1.3M–$9M; Initial Coin Offering $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Earn Network — Onboarding millions to make billions in DeFi economy
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Sebastien Borget
Angel · San Francisco, California, United States · 1 investments in Portugal Gaming startups, 16 in the past 12 months

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, The Netherlands

Investor stats

  • Total investments: 52
  • Round size: Seed $1.5M–$5.4M; Series A $5M–$60M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • GET Protocol — Supercharge your tickets with NFTs and the Blockchain. Easily implement the latest technology and unlock the benefits of truly digital tickets with GET Protocol.
  • Lens Protocol — Lens Protocol is a composable and decentralized social graph, ready for you to build on so you can focus on creating a great experience, not scaling your users.
  • Bring It On — Bring It On is a mission to redefine the skill games category, merging strong technological infra.
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Flyer One Ventures
VC Fund · London, England, United Kingdom · 1 investments in Portugal Gaming startups

Flyer One Ventures is an international early-stage venture capital firm focused on early-stage startups from CEE region. The fund invests in future-proof startups, founded by exceptional teams, and operating on global markets worth more than $10 billion. Flyer One Ventures funds startups in Mobile, Health Tech, EdTech, Fitness & Wellness, B2BSaaS, Gaming, FoodTech, and AI/ML industries and helps them scale on international markets. Founded by the co-founder of BetterMe and supported by Genesis Tech, Flyer One Ventures has deep expertise in Digital Marketing, Product, PR, Branding, and Recruiting. Along with the financial investment, Flyer One Ventures actively supports its portfolio companies, helping them optimize Digital Marketing campaigns, hire R&D staff, build user-friendly products, and fundraise Series A and Series B rounds. Flyer One Ventures' ultimate goal is to support early-stage startups in the geographies with low access to early financing and help them become global leaders by mentorship and daily support.

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Investment focus

  • Industry: Software, Artificial Intelligence, Education
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Cyprus, United Kingdom

Investor stats

  • Total investments: 48
  • Round size: Seed $550k–$2.5M; Pre-Seed $350k–$1.3M; Series A $500k–$15M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Awesomic — Get matched with the best-fit designer on a fixed budget with no stress. Place a design task and see the first results on the next business day. Start today!
  • Peech — text to speech
  • Cooper Pet Care — Cooper Pet Care - Compare and buy the best pet insurance at lowest price. Give your pet the protection they need.
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MixMarvel DAO Venture
VC Fund · 1 investments in Portugal Gaming startups

MixMarvel DAO Venture is a decentralized investment organisation. It offers financial support and consulting services for web3 buil;ders.

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Investment focus

  • Industry: Gaming, Software, Blockchain
  • Stage:Seed
  • Geography: Singapore

Investor stats

  • Total investments: 2
  • Round size: Seed $2M–$5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • MetaCene — MetaCene is a blockchain company that aims to create an accessible Web3 world for the masses, with a focus on player-centric entertainment.
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Paulo Alexandre Lopes
Angel · Curitiba, Parana, Brazil · 1 investments in Portugal Gaming startups

Paulo Alexandre Lopes is the Managing Director at oddsgate. Paulo Alexandre Lopes attended IPAM.

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Investment focus

  • Industry: SaaS, Boating, Gambling
  • Stage:Pre-Seed
  • Geography: Brazil, Portugal

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $106k–$3.2M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • ODDSGATE — With an open, API based platform and built in a modular way, allowing for stability, scalability, and flexibility. Our founding team with more than 15 years of experience in out-of-the-box solutions, or products like Software-as-a-Service (SaaS), we are stepping into the Igaming industry with the goal to deliver a cutting edge and competitiveiGaming platform, focused on the regulated markets.
  • Espadarte Group — Espadarte is working on a new product that will transform the Brazilian nautical market. It is founded in 2021 and the Yachts yard is based in Curitiba, Parana, Brazil.
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Mechanism Capital
VC Fund · 1 investments in Portugal Gaming startups

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

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Investment focus

  • Industry: Blockchain, Software, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 81
  • Round size: Seed $1.3M–$8.6M; Series A $6M–$12M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Pixion Games — Pixion Games is a studio focused on building competitive esports games for mobile device.
  • Portals — Portals is a #DeFi yield and protocol aggregator for transaction bundling, any-to-any swaps, and real-time data
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Gaming Investor funding in Portugal at a glance

Stats across 11 deals from 38 investors.

38
investors
in Portugal Gaming startups
11
deals
in Portugal Gaming startups
$831k
median round
in Portugal Gaming startups
16%
lead investors
lead at least one round
55%
Seed
most common funding stage
68/32
VC / Angel
share of investor count

Access all 38 investors in Portugal Gaming startups.

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