# Top 10 Medical VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Portugal Ventures | 6 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| Caixa Capital | 3 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, Health Care |
| Armilar Venture Partners | 3 | Portugal, United States, United Kingdom | Series A, Seed | Software, Information Technology, Manufacturing |
| Critical Ventures | 2 | Portugal, United States | Seed, Series A | Medical, Computer, Genetics |
| Vesalius Biocapital Partners | 2 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| TheVentureCity | 2 | United States, Spain, Brazil | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS |
| ChangePartners | 1 | Portugal | Seed | Medical, Therapeutics, Biotechnology |
| Demium Capital | 1 | Spain, Portugal, Poland | Pre-Seed, Seed, Series A | Software, Health Care, Information Technology |
| Boule Diagnostics | 1 | Portugal | Series A | Medical, Health Care, Medical Device |
| High-Tech Grunderfonds | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |

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