# Top 15 Manufacturing VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Caixa Capital | 5 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, Health Care |
| Armilar Venture Partners | 5 | Portugal, United States, United Kingdom | Series A, Seed | Software, Information Technology, Manufacturing |
| Portugal Ventures | 4 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| REDangels | 3 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Internet of Things, Mobile, Internet |
| Join Capital | 2 | Germany, United Kingdom, Spain | Seed, Series A | Software, Artificial Intelligence, SaaS |
| Indico Capital Partners | 2 | Portugal, United States, Italy | Seed, Series A, Series C | Information Technology, E-Commerce, B2B |
| EDP Ventures | 2 | Portugal, Brazil, United States | Seed, Series A | Software, Information Technology, Energy |
| HCapital Partners | 2 | Portugal | Seed, Series A | Information Technology, Software, SaaS |
| Innovation Nest | 2 | Poland, United States, United Kingdom | Seed, Series A | Software, SaaS, Information Technology |
| Novabase Capital | 1 | Portugal, United States | Seed | Information Technology, Software, Artificial Intelligence |
| Techstars Autonomous Technology | 1 |  | Seed, Pre-Seed |  |
| Bynd Venture Capital | 1 | Portugal, Spain, United States | Seed, Series A | Software, E-Commerce, Health Care |
| Iberis Capital | 1 | Portugal, Spain, United Kingdom | Series A, Seed, Series C | Information Technology, Software, B2B |
| Betwixt Ventures | 1 | Portugal | Seed | Drones, Energy, Mobile |
| Beta Capital | 1 | Portugal | Seed | VoIP, Software, Wireless |

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