# Top 40 Mobile VC (Venture Capital) Funds in Portugal in May 2026 ## Portugal Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 10 - 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: 5 - 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. ## REDangels - Type: VC Fund - Location: Aveiro, Aveiro, Portugal - Relevant deals: 5 - Stages: Seed, Pre-Seed, Angel - Focus: Internet of Things, Mobile, Internet They believe the unbelievable and trust the untrustable. ## Big Start Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 4 - Stages: Seed, Pre-Seed, Convertible Note - Focus: FinTech, Financial Services, Information Technology BiG Start Ventures is an early-stage VC investing globally in B2B Fintech, Insurtech, Regtech and Cybersecurity. Onetier Partners, SCR, S.A. ## 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. ## EDP Ventures - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 4 - 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 ## Faber - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 4 - 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 ## 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. ## Armilar Venture Partners - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 3 - 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. ## Shilling - Type: VC Fund - Location: Lisboa, Lisboa, Portugal - Relevant deals: 3 - 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. ## Bynd Venture Capital - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - 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, ...). ## 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. ## Semapa Next - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 2 - 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. ## Vesalius Biocapital Partners - Type: VC Fund - Location: Strassen, Luxembourg, Luxembourg - Relevant deals: 2 - Stages: Series B, Series A, Series C - Focus: Biotechnology, Health Care, Medical Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data. ## TheVentureCity - Type: VC Fund - Location: Miami, Florida, United States - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, SaaS TheVentureCity is a global early stage venture fund, investing in product-centric startups across the US, Europe and Latam. We believe in founders who expect more from their VC. Our data-driven nature allows us to see beyond borders, knowing talent has no zip code. Which is why we have international hubs in Miami, Madrid, San Francisco and SaoPaulo. We create a steady current of resources, offering a combination of bespoke data insights and guidance from experienced operators. With product-led growth at our core.With more than $160M under management, we invest from pre-seed/seed with a ticket size from $100-300k to Series A with $1-4M. ## 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. ## Korys - Type: VC Fund - Location: Halle, Vlaams-Brabant, Belgium - Relevant deals: 1 - Stages: Series A, Series B - Focus: Biotechnology, Information Technology, E-Commerce Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences. ## Headline - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, E-Commerce, Information Technology Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global. ## White Star Capital - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Financial Services, FinTech, Software Our presence, perspective and people enable us to partner closely with founders to help them define this future. ## 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. ## Kibo Ventures - Type: VC Fund - Location: Madrid, Madrid, Spain - Relevant deals: 1 - Stages: Series A, Seed - Focus: Software, E-Commerce, Mobile Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $130 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25year-old private equity arm).Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential. Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest. Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors. ## 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. ## Voodoo - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - Stages: Seed, Corporate Round - Focus: Gaming, iOS, Android We entertain millions of users around the world every month with our games and apps. ## 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. ## ADvantage - Type: VC Fund - Location: Jerusalem, Yerushalayim, Israel - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Sports, PaaS, Mobile Apps ADvantage Sports Tech Fund invests in early-stage technology companies aimed at shaping the future of sports. ADvantage is backed by leAD Sports, an initiative spearheaded by the grandchildren of Adi Dassler to further sports innovation, and global hybrid venture capital platform, OurCrowd. ADvantage is leveraging a strong global network to sourceleading opportunities in the spaces of fan engagement and experience, connected athletes and communities, and derivative sports (eSports, fantasy, and new sports). ## Moonrock Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Blockchain, Information Technology, Cryptocurrency Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg. ## Golden Gate Ventures - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: FinTech, E-Commerce, Financial Services Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia. ## Morningstar Ventures - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 1 - Stages: Seed, Series A - Focus: Blockchain, Cryptocurrency, Gaming We are a proprietary investment firm focused on digital assets and blockchain technology, primarily focused on the Elrond Ecosystem. ## 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 ## 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. ## APEX Capital - Type: VC Fund - Location: Changning, Shanghai, China - Relevant deals: 1 - Stages: Series A - Focus: PaaS, Soccer, Sports APEX Capital is an equity investment fund. ## Aream & Co - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed - Focus: Gaming, iOS, Mobile Aream & Co. is an independent investment bank providing M&A and financing advice to founders and boards of pioneering technology companies worldwide. ## 200M - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed, Series A - Focus: Health Care, Internet, Software 200M is a Portuguese public fund of 200 million euros designed to co-invest with the best VCs from around the world in startups which are growing their business out of Portugal. ## 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. ## 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. ## Freigeist Capital - Type: VC Fund - Location: Bonn, Nordrhein-Westfalen, Germany - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Food and Beverage, Transportation Freigeist Capital is the investment company of Frank Thelen, Marc Sieberger and Alex Koch. We invest in deep tech startups and excellent founders. ## 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. ## 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 ## Betwixt Ventures - Type: VC Fund - Location: Porto, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Drones, Energy, Mobile Betwixt Ventures focuses on bringing together startups with Venture Capital Investors.By raising a pledge fund exclusively targeting investments on early stage startups with high potential, Betwixt Ventures proposes to add value through the following main activities:• Origination, screening, negotiation of deal terms, and monitoring of vettedstartups• Startup follow up, mentoring, consulting and value creation• Attraction of venture capital funds and placement of further investment rounds• Attraction of exit opportunities and facilitation of exit processStarting its capital raise in October 2015, the pledge fund will exclusively target investments on early stage startups typically based out of Portugal. At a second stage, it intends to invest also in Spanish and Italian startups. While no particular industry will be ruled out from the investment scope, the pledge fund will tend to focus on the broad technology and energy sectors. As a pre-requisite, it will either invest in startups previously vetted by other Business Angels, or co-invest in them with other seed or venture capital funds as partners. The focus of the pledge fund will be to invest in the gap between seed and series A rounds. Upon the investment at this stage, Betwixt Ventures will seek to attract further institutional investment rounds, internationally.On top of the pledge fund management, Betwixt Ventures will also offer both financial and general advisory services to startups. The former include either the attraction of venture capital funds for placement of further investment rounds, or the attraction of strategic buyers for potential M&A transactions, mainly in the US market. The later encompass 360 degrees consulting to startups, from marketing & sales, to business development and management. ## 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. # 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