# Top 25 Proptech Startup Investors in Portugal in October 2023

## Portugal Ventures
- Type: VC Fund
- Location: Porto, Lisboa, Portugal
- Relevant deals: 6
- 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: 2
- 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.

## Lakestar
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, FinTech, Information Technology

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund.
The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

## Armilar Venture Partners
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 2
- 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.

## Caixa Capital
- Type: VC Fund
- Location: Lisboa, Lisboa, Portugal
- Relevant deals: 2
- 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.

## Wayra
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

## Bright Pixel
- Type: VC Fund
- Location: Maia, Porto, Portugal
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, Cyber Security

Sonae IM is the corporate venturing arm of Sonae (retail and telco group), which is focused on investing in tech-based companies. The company invests in a broad range of companies related to Sonae's core, joining funding with a strategic profile.With a flexible investment style and approach, Sonae IM leverages on its technology expertise,brand capital, and access to a global network. The company supports companies to achieve success with an internal pool of experts, which supports portfolio management.Sonae has been developing different corporate venturing initiatives for long, namely revenue assurance leader WeDo (2001) and Mainroad spin-off (2003) and subsequent successful exit (2014). Moreover, after deciding that Cyber security was an interesting area, it invested in Spanish cyber security company s21sec (2014). Another critical space for retailers, location analytics, led to the investment in Movvo (2014).Since the official launch of Sonae IM in late 2015, the company invested in InovRetail (demand forecasting for retailers), StyleSage (fashion tech predictive analytics) and Sysvalue (cyber security add on for s21sec). Additionally, Sonae IM got involved in the acquisition of Novo Banco's stakes in 3 funds managed by ES Ventures and launched Bright Pixel (company builder studio). Sonae IM was officially founded in 2015, but corporate venturing initiatives within Sonae are in Sonae's DNA for longer and led to what Sonae IM is today. The company is based in Porto, Portugal.

## Praveen Paranjothi
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Software, Biometrics

Praveen P. joined PINEGRAY as Managing Partner in 2019.

## Jon Soberg
- Type: Angel
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Financial Services, FinTech, Software

Jon Soberg joined MS&AD Ventures as Managing Partner in 2018.

## Heiko Hubertz
- Type: Angel
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Information Technology, Digital Media

Heiko Hubertz - Founder & CEO @ Oxolo

## Lawrence Chu
- Type: Angel
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Fashion, Health Care

Lawrence Chu - Partner and Leader of West Coast Tech M&A Practice @ Goodwin Procter

## Round Hill Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Real Estate, Information Services

Round Hill Capital is a global real estate investment and asset management firm, creating long-term financial and social value by building thriving communities.

## YoungBrains
- Type: VC Fund
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

YoungBrains is an angel investor that helps founders and their teams launch new ventures, develop products, and raise external capital.
YoungBrains is a Germany-based company that was founded in 2009 by Nils Henning and Mila Sukhareva.

## AMAVI Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Information Technology, Real Estate, Software

AMAVI is an independent and dedicated Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry on the one hand and themost groundbreaking European PropTech companies on the other hand, by leveraging on its combined expertise and network from the real estate, technology and private equity industry. AMAVI partners with the world-shapers, creating companies that radically change the places we live, work and relax in today.

## William Bateman
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

William Bateman is working as a Managing Director at Round Hill Ventures.

## Philip Reisberger
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

Philip Reisberger

## Round Hill Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Database, Real Estate, Lead Generation

Round Hill Capital is a global real estate investment and asset management firm, creating long-term financial and social value by building thriving communities.

## Prudence Holdings
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Real Estate, SaaS, Marketplace

We invest in technology companies leading the global transformation of the real estate sector.

## Sonae
- Type: VC Fund
- Location: Maia, Porto, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Software, Analytics

Sonae is one of the biggest private employer in Portugal, with about 40,000 staff. With each employee having had different training and career paths, all of them are treated as individual cases. This approach is immediately evident in the care taken by the company to select and integrate new staff, a process which seeks to match the personaland professional profiles each employee with the specific demands of the tasks to perform.They genuinely believe that people are at the heart of their success; that their skills are intimately linked to results; that the human factor is the key factor. They are a people company that deal with people every day. Their final goal is always customer satisfaction.The HR policy follows the strategy of the business, its demands, pace and ambitions. It contributes actively towards the company’s mission of sustainably creating value.

## Indico Capital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- 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.

## HCapital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- 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.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- 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, ...).

## 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.

## EDP Ventures
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- 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

## Lince Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Grocery, Cannabis, Coworking

Lince Capital is an independent venture capital company. Lince Capital was born from the experience of a family group with over 30 years of experience in managing investment funds in various business areas, including real estate, infrastructure, agriculture, and telecommunications.Lince Capital is distinguished by its personalized and excellentsupport, close and direct relationship with each of its investors and business partners, and the dedication of an experienced and dynamic team.

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