# Top 45 Hardware Startup Investors in Portugal in May 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 12 - 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. ## Caixa Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 9 - 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. ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 5 - 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. ## HCapital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 4 - 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. ## LC Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - 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. ## Bright Pixel - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 3 - 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 ## 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, ...). ## Indico Capital Partners - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - 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. ## EDP Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 3 - 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 ## Innovation Nest - Type: VC Fund - Location: Kraków, Malopolskie, Poland - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, Information Technology Innovation Nest invest in early stage B2B SaaS startups from Europe and help them grow from local to global using our network of contacts and strong in-house competencies. It strongly believes that the path to growth leads through Silicon Valley and strongly encourage our portfolio startups to set up presence there. The company supports high-techcompanies to grow faster and scale their business globally. ## 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. ## REDangels - Type: VC Fund - Location: Aveiro, Aveiro, Portugal - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Internet of Things, Mobile, Internet They believe the unbelievable and trust the untrustable. ## Shilling - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 2 - 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. ## Faber - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - 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 ## Novabase Capital - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 2 - 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. ## Rothschild & Co. - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - Stages: Series B, Series C - Focus: Software, Medical, Health Care Rothschild has been at the centre of the world's financial markets for over 200 years. Today, it provides Investment Banking, Corporate Banking and Private Banking & Trust services to governments, corporations and individuals worldwide. ## 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. ## Wayra - Type: VC Fund - Location: Madrid, Madrid, Spain - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, SaaS Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense. ## Keensight Capital - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - Stages: Private Equity, Series A - Focus: Software, Manufacturing, Information Technology Keensight Capital is a European Growth Buyout investor with deep expertise in Technology and Healthcare. ## Verizon Ventures - Type: VC Fund - Location: Basking Ridge, New Jersey, United States - Relevant deals: 1 - Stages: Series B, Series A - Focus: Software, Mobile, SaaS Discover how Verizon Ventures supports leading-edge technologies through early-stage strategic investors armed with ready-to-share teams, development tools and research. ## Construtech Ventures - Type: VC Fund - Location: Florianópolis, Santa Catarina, Brazil - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Real Estate, Software, Construction Construtech Ventures combines over 20 years of knowledge and networking in the construction and real estate industry with a objective and clear approach to diagnosing opportunities for adding real value to its portfolio, through prototyping solutions, hiring teams of entrepreneur to build startups with high growth potential and investing inConstrutechs with teams capable of generating a digital transformation in this industry whilst partnering with great companies looking to innovate in the development of the construction chain. ## Google Assistant Investments - Type: VC Fund - Location: Mountain View, California, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Artificial Intelligence, Machine Learning, Software 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. ## Olisipo Way - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Pre-Seed, Seed, Convertible Note - Focus: Software, SaaS, Communities 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. ## David Helgason - Type: Angel - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Gaming, Information Technology 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. ## Sisu Game Ventures - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Series A - Focus: Gaming, Video Games, Virtual Reality 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. ## Paul Heydon - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Gaming, Mobile Apps 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. ## Knight Capital - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: SaaS, Software, Therapeutics Knight Capital is helping founders from series A to series B and beyond. ## BreakawayGrowth Fund - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series B, Series E - Focus: Software, Computer, Internet 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 ... ## Amazon Alexa Fund - Type: VC Fund - Location: Seattle, Washington, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Internet of Things 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. ## Beta Capital - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: VoIP, Software, Wireless We support innovative tech ventures to unlock its potential by providing smart funding and hands-on advisory. ## Marc de Jong - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed - Focus: Sensor, Software, Wind Energy Marc de Jong has had an extremely successful career with Phillips where he was previously a member of the Royal Philips Group Management Committee. He was CEO of various divisions within Philips and CEO of the automotive and identification businesses of NXP Semiconductors before beginning his own management consultancy. Marc de Jong holds aMasters in Physics and Mathematics from the Free University of Amsterdam, further qualifications in Economics and two MBA’s, one from the University of Rochester in the United States and another from the Erasmus University, Rotterdam. ## Lasse Seppanen - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed - Focus: Gaming, Computer Lasse Seppanen is the Game Lead for Everdale at Supercell. ## Herrick Partners - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series A - Focus: Software, Electronics, Virtual Reality Herrick Partners is a company that specializes in investment management services. ## Ideias Glaciares - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Wellness, SaaS, Mobile Apps Ideias Glaciares ## Shanti Bergel - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Gaming, PC Games, Mobile Shanti Bergel is the Managing Director of the Transcend Fund, an early stage venture capital firm focused on games and digital entertainment. ## Carlos Oliveira - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: Sensor, Software, Wind Energy Carlos Oliveira ## 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. ## António Félix da Costa - Type: Angel - Location: Lisboa, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Sports, Marketplace, Augmented Reality António Félix da Costa ## EIT Health - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 1 - Stages: Grant, Pre-Seed, Seed - Focus: Health Care, Medical Device, Medical EIT Health is a network of best-in-class health innovators backed by the EU. We deliver solutions to enable European citizens to live longer, healthier lives. ## 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. ## Critical Ventures - Type: VC Fund - Location: Coimbrã, Leiria, Portugal - Relevant deals: 1 - Stages: Seed, Series A - Focus: Medical, Computer, Genetics We invest in game-changing companies with the power to transform the way the world uses technology. ## FORWARD.one - Type: VC Fund - Location: Amstelveen, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A - Focus: Semiconductor, Information Technology, Audio We are a leading non-profit establishing new relationships between agriculture and nature. Protecting the natural world and treasured wildlife. ## Critical SGPS - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Computer, Software, Information Technology Critical SGPS is a financial services company that serves sectors such as aerospace, energy, education, and health care. ## Pathena - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Series A, Series C - Focus: B2B, Marketing, Advertising Pathena is an investment firm engaged on boosting the success of information technology and digital biomedical companies. ## 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. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co