# Top 45 Internet Startup Investors in Portugal in May 2026

## Portugal Ventures
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 18
- 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.

## Shilling
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 11
- Stages: Seed, Pre-Seed, Series A
- Focus: Internet, Information Technology, Software

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

## Caixa Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 6
- 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.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 5
- 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, ...).

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

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

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

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

## WISENEXT
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 3
- 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: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: Internet of Things, Mobile, Internet

They believe the unbelievable and trust the untrustable.

## 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

## SVG Ventures
- Type: VC Fund
- Location: Los Gatos, California, United States
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: AgTech, Agriculture, Farming

We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the agtech and foodtech industries.

## 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

## Olisipo Way
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 2
- 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.

## All Iron Ventures
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Internet

All Iron Ventures partners up with bold founders promoting innovative startups. We mainly invest in the early stages of European companies that aspire to reshape the future of both consumers and enterprises through technology. We at All Iron Ventures have been and continue to be entrepreneurs. We know what it is to be a founder and empathize withthe challenges our partner founders face. We put our resources and experience creating, scaling and selling companies at their disposal to help them take their projects to the next level. Based in Bilbao, Spain, and with approximately €110Mn under management, All Iron Ventures was promoted by the founders of Ticketbis, a global marketplace sold to eBay in 2016, in what is one of the main success stories in Spain’s startup ecosystem.

## J12
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Machine Learning, Artificial Intelligence

J12 Ventures invests early in innovative companies in the Nordics.

## TheVentureCity
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

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

## TIIN Capital
- Type: VC Fund
- Location: Naarden, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Cyber Security

TIIN Capital launched its Dutch Security Techfund (DSTF) in december 2018. DSTF is the largest (cybertech) venture capital fund of the Netherlands with a focus on early stage & later-stage companies.TIIN Capital invests in promising and innovative early-stage and later-stage companies in the Netherlands with a focus on IT/software,high-tech and med-tech industries. TIIN Capital has the largest network of informal investors in the Netherlands. TIIN Capital manages 4 funds: TIIN TechFund 1,2 & 3 and TIIN Buy-Out & Growth Fund. The TIIN TechFund 1,2 & 3 funds focus on the software, high-tech and med-tech sectors and provide growth capital to Dutch early-stage businesses and is actively involved in the development and growth of its ventures. TIIN Buy-out & Growth Fund focuses on later-stage IT, software and high tech SME’s. Under its seperate Berk Partners label the Berk III and Berk IV funds are managed. These funds focus on management buy-outs, carve-outs and family business transfers of Dutch SME companies in the more traditional industies.

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

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

## COREangels
- Type: VC Fund
- Location: Ílhavo, Aveiro, Portugal
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, E-Commerce, Information Technology

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

## Insight Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Marketing, Social Media

Insight Ventures build scalable business models that can be stand-alone or integrated into an already established company. Through agile construction methodologies, connections with startups, and extensive experience in building technology businesses, they have transformed traditional businesses into exponential companies.Since 2017, they havehelped companies of all sizes and sectors to build and scale innovative business models, generating exponential growth and changing the way they compete in the market.

## Spaceship
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Credit, Content, Lending

Spaceship is a global group of crypto natives, founders, builders, and investors. We aim to invest in, support, and $FUEL blockchain start-ups, emerging crypto networks, and decentralized communities.

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

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

## 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.

## Ganexa Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Fitness, Wellness

Ability to open doors on opportunities (potential clients/strategic partners/suppliers/etc). Add market credibility, something missing in many start-ups.Know-how that can save you time, money and unnecessary stress and worry. Ability to complement the existing management team, filling gapsThey understand the difficulties andhardships of starting and building a business. They are motivated to work with you on the building process, and not just wait for the end result

## MSM
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, B2B

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

## Banco de Investimento Global
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Information Technology, Mobile, GovTech

Banco de Investimento Global, SA is a specialized financial institution which is licensed in all business areas open to the banking sector

## Iberis Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed, Series C
- Focus: Information Technology, Software, B2B

Iberis is an investment manager that operates a value-oriented investment management.

## Possible Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Biotechnology

Possible Ventures backs ambitious teams building frontier technology to positively impact society. We invest globally in the early stages, actively supporting founders via our collective of global entrepreneurs.

## Semapa Next
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Series A
- Focus: Information Technology, PaaS, Mobile Apps

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

## CaixaBank
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Debt Financing, Seed, Pre-Seed
- Focus: Renewable Energy, Apps, Oil and Gas

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

## Oxy Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Private Equity
- Focus: VoIP, Software, Wireless

Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level.

## Clever web
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Credit, Lending, Online Portals

Cleverweb is a venture capital investment firm.

## UniWhales
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Credit, Lending, Online Portals

UniWhales is a Defi analysis community that monitors and analyzes whale position movements on Uniswap, SushiSwap, 1Inch, Pancake, and other decentralized trading platforms.

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

We look for enablers of change that could have a meaningful impact to the Human Experience.

## Omnes Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Biotechnology, Health Care

Omnes, "Powering Entrepreneurs" is a Leading private equity firm dedicated to energy transition and innovation.

## 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.

## European regional development fund (ERDF)
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

## Rui Ferreira
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Mobile, Internet, Nutrition

Rui Ferreira

## Ideias Glaciares
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Wellness, SaaS, Mobile Apps

Ideias Glaciares

## 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.

## Alex Vassiliev
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Apps, Baby, EdTech

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

## 7 Graus
- Type: VC Fund
- Location: Matosinhos, Porto, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, E-Commerce

7Graus is a develop websites and create quality content to meet the information and entertainment needs of Internet users around the world

## Creative Wings
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Hardware, Mobile Devices, Internet of Things

Creative Wings offers creative arts training and consultancy services as well as offers creative, engaging educational courses for kids, young adults, and professionals. Its aims is to provide these courses at an affordable cost.

## LeadX Capital Partners
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: Restaurants, SaaS, Software

Driving digital transformation of consumer industries. As a leading growth capital investor, we combine deep investment experience with commercial reach.

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