# Top 50 VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Portugal Ventures | 108 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| Caixa Capital | 44 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, Health Care |
| Armilar Venture Partners | 37 | Portugal, United States, United Kingdom | Series A, Seed | Software, Information Technology, Manufacturing |
| Shilling | 32 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Internet, Information Technology, Software |
| Bynd Venture Capital | 21 | Portugal, Spain, United States | Seed, Series A | Software, E-Commerce, Health Care |
| LC Ventures | 18 | Portugal, China, Poland | Seed, Pre-Seed, Series D | Information Technology, Artificial Intelligence, Internet of Things |
| REDangels | 17 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Internet of Things, Mobile, Internet |
| Faber | 15 | Portugal, United Kingdom, United States | Seed, Series A, Pre-Seed | Software, Machine Learning, SaaS |
| Indico Capital Partners | 14 | Portugal, United States, Italy | Seed, Series A, Series C | Information Technology, E-Commerce, B2B |
| Bright Pixel | 11 | Portugal, United States, Spain | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| EDP Ventures | 11 | Portugal, Brazil, United States | Seed, Series A | Software, Information Technology, Energy |
| WISENEXT | 10 | Portugal, United States | Seed, Pre-Seed | Software, Artificial Intelligence, Internet |
| Olisipo Way | 9 | Portugal | Pre-Seed, Seed, Convertible Note | Software, SaaS, Communities |
| HCapital Partners | 9 | Portugal | Seed, Series A | Information Technology, Software, SaaS |
| Demium Capital | 8 | Spain, Portugal, Poland | Pre-Seed, Seed, Series A | Software, Health Care, Information Technology |
| MSM | 7 | United Kingdom, Germany, Portugal | Seed, Pre-Seed, Series A | Information Technology, Software, B2B |
| COREangels | 6 | Spain, Portugal, United Kingdom | Seed, Pre-Seed, Angel | Software, E-Commerce, Information Technology |
| Innovation Nest | 5 | Poland, United States, United Kingdom | Seed, Series A | Software, SaaS, Information Technology |
| Lince Capital | 5 | Portugal | Seed | Grocery, Cannabis, Coworking |
| Big Start Ventures | 5 | Portugal, United States, Sweden | Seed, Pre-Seed, Convertible Note | FinTech, Financial Services, Information Technology |
| Join Capital | 5 | Germany, United Kingdom, Spain | Seed, Series A | Software, Artificial Intelligence, SaaS |
| Best Horizon | 5 | Portugal, United Kingdom | Seed, Pre-Seed | Music, Gaming, Shipping |
| Iberis Capital | 4 | Portugal, Spain, United Kingdom | Series A, Seed, Series C | Information Technology, Software, B2B |
| Pathena | 4 | Portugal | Seed, Series A, Series C | B2B, Marketing, Advertising |
| Ganexa Capital | 4 | Portugal, United States, United Kingdom | Seed, Pre-Seed | Health Care, Fitness, Wellness |
| Novabase Capital | 4 | Portugal, United States | Seed | Information Technology, Software, Artificial Intelligence |
| TheVentureCity | 4 | United States, Spain, Brazil | Seed, Pre-Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Critical Ventures | 3 | Portugal, United States | Seed, Series A | Medical, Computer, Genetics |
| Bright Ventures | 3 | Portugal | Seed, Pre-Seed | Software, Advertising, Information Services |
| Semapa Next | 3 | Portugal | Series A | Information Technology, PaaS, Mobile Apps |
| Kima Ventures | 3 | France, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Accomplice | 3 | United States, Canada, United Kingdom | Series A, Seed, Series B | Software, FinTech, SaaS |
| another.vc | 3 | Germany, France, Switzerland | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| EQT Ventures | 3 | Sweden, Germany, United States | Series A, Series B, Seed | Software, Information Technology, SaaS |
| SVG Ventures | 3 | United States, Canada, Ireland | Pre-Seed, Seed | AgTech, Agriculture, Farming |
| Conexo Ventures | 2 | Spain, Portugal, Ecuador | Seed, Series A | FinTech, Software, Information Technology |
| Beta Capital | 2 | Portugal | Seed | VoIP, Software, Wireless |
| Signum Capital | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Information Technology |
| 35V | 2 | United States, France, Portugal | Seed, Series A, Pre-Seed | Sports, Soccer, Information Technology |
| Banco de Investimento Global | 2 | Portugal, Germany | Seed | Information Technology, Mobile, GovTech |
| Breega | 2 | France, United Kingdom, United States | Seed, Series A | FinTech, Software, Financial Services |
| Flori Ventures | 2 | United States, Germany, Colombia | Pre-Seed, Seed, Series A | Blockchain, FinTech, Cryptocurrency |
| Braincapital | 2 | Portugal | Seed, Pre-Seed | Energy, Chemical, Railroad |
| Omnes Capital | 2 | France, United States, Belgium | Series A, Series B | Software, Biotechnology, Health Care |
| LeadX Capital Partners | 2 | Germany, France, United Kingdom | Seed, Pre-Seed, Series B | Restaurants, SaaS, Software |
| J12 | 2 | Sweden, Germany, Portugal | Seed, Pre-Seed, Series A | Software, Machine Learning, Artificial Intelligence |
| Bionova Capital | 2 | Portugal, United Kingdom | Seed | Biotechnology, Hospital, Health Care |
| European regional development fund (ERDF) | 2 | United Kingdom, Germany, Estonia | Grant, Pre-Seed | Software, Information Technology, Biotechnology |
| Moonrock Capital | 2 | Singapore, United Kingdom, United States | Seed, Pre-Seed | Blockchain, Information Technology, Cryptocurrency |
| Beta-i | 2 | Portugal | Pre-Seed | FinTech, Computer, Software |

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