# Top 10 Mobile Advertising Startup Investors in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Shilling | 2 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Internet, Information Technology, Software |
| LC Ventures | 2 | Portugal, China, Poland | Seed, Pre-Seed, Series D | Information Technology, Artificial Intelligence, Internet of Things |
| Moonrock Capital | 1 | Singapore, United Kingdom, United States | Seed, Pre-Seed | Blockchain, Information Technology, Cryptocurrency |
| Semapa Next | 1 | Portugal | Series A | Information Technology, PaaS, Mobile Apps |
| Clever Advertising | 1 | Portugal, United States | Seed, Pre-Seed | Mobile Apps, PaaS, SaaS |
| Sérgio Oliveira | 1 | Portugal | Series A | PaaS, Soccer, Sports |
| ADvantage | 1 | United States, Israel, Portugal | Series A, Seed, Series B | Sports, PaaS, Mobile Apps |
| APEX Capital | 1 | China, Portugal | Series A | PaaS, Soccer, Sports |
| REDangels | 1 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Internet of Things, Mobile, Internet |
| Morningstar Ventures | 1 | United States, Singapore, Germany | Seed, Series A | Blockchain, Cryptocurrency, Gaming |

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