Fundraising Fox

Armilar Venture Partners

Venture capital

Lisbon · Pre-Seed–Growth · 21 people tracked

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Investment thesis

Armilar Venture Partners is an early-stage VC firm that invests in teams tackling society's biggest problems through technology. The firm emphasizes a long-term partnership with founders, drawing on decades of experience supporting entrepreneurs in building successful businesses through the ups and downs of company creation.

Invests inAI & Machine LearningDeep TechSector AgnosticEuropeLisbonPortugalSpainUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
Check
$200K – $10M
HQ
Lisbon, PT
Leads rounds
Follows
Instruments
Equity
Founded
2000
AUM
$302.4M
Tracked investments
85

Team · 21 people

from the firm's website & public directories

What they invest in

from 9 of 85 portfolio companies

AI & Machine Learning ×4Data & Infrastructure ×3SaaS ×3Cybersecurity ×2Fintech ×2Biotech ×1Cloud Computing ×1Developer Tools ×1

HQs:Portugal×3United States×2

Investments · 85 tracked

founders shown can be your intro path
A123 Systems
Acs
Airflows
Ample Marketamplemarket.com

Amplemarket builds an all-in-one B2B sales platform that combines lead generation, sales outreach, and deal management, serving sales and SDR teams.

AI & Machine LearningSaaSSales Tech

João Batalha(CEO & Founder)Luís Batalha(CPO & Founder)Mica Oliveira(CRO & Founder)

Aquaspy
Atraverda
Automaise
Banco Best
Bdeo
Berd
Brighter Ai
CASAFARIcasafari.comin

CASAFARI provides a real estate data intelligence platform that aggregates and cleans property data across more than 20 countries, offering insights to help users find and close real estate deals.

AI & Machine LearningData & InfrastructurePropTech

Chipidea
Cintoo
Clarity
Codacycodacy.comin𝕏
Codavel
Codee
Coreflux
Coreworks
Coverflexcoverflex.comin

Coverflex offers a compensation management platform that lets companies build flexible, personalized compensation and benefits packages for their employees, aiming to reduce costs and give workers more value.

FintechHR TechInsurTechSaaS

Current
Daredata
Didimomydidimo.comin

Popul8 provides character creation automation software that generates and customizes game characters and crowds with dynamically fitting assets.

Developer ToolsGamingLeca Da Palmeira, PT

Dojo Ai
Domatica
Ecofoot
Equall
Equigerminal
Fastinovfastinov.com

FASTinov develops phenotypic Antimicrobial Susceptibility Testing (AST) kits that deliver results within 2 hours directly from blood cultures, covering gram negative and gram positive panels.

BiotechHealthtechMedical Devices

Feedzaifeedzai.comin𝕏

Feedzai provides AI-powered fraud detection and financial crime prevention for banks and financial institutions.

AI & Machine LearningCybersecurityFintech

Nuno Sebastião(Founder & CEO)in

Global Active
Heartgenetics
Hotelnetb2B
Iosil
KIT-AR

Industrial augmented reality solution guiding and monitoring shopfloor workers.

Knok
Laserleap
Magpower
Malo Clinic
Mama Health
Maven
Mediaprobe
Miles In The Sky
Mito Ai
Multiwave
Muzzley
Nanosolar
Neuraspace
Novabase
Novaphos

EnergyFort Meade, US

Mark Vignovic(Executive Officer)Jim Samuelson(Executive Officer)Scott Ritchey(Executive Officer)Evgeny Fedoseev(Executive Officer)Steve Paxton(Director)Devin Megy(Executive Officer, Director)

Nutri Ventures
Nutrigreen
Oceanlinx
Ophthalmopharma
OutSystemsoutsystems.comin𝕏
Petra Systems
Pme Link
Promptly
Quadriga

San Francisco, US

Marcus Everard(Director)Christophe Kolb Florian(Executive Officer, Director)Paul Grotowski(Director)Fabio Grigorjev(Director)Lucas Fuller(Executive Officer, Director)

Frequently asked questions

What stage does Armilar Venture Partners invest at?
Armilar Venture Partners invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
What is Armilar Venture Partners's typical check size?
Armilar Venture Partners typically writes checks of $200K – $10M.
What sectors does Armilar Venture Partners focus on?
Armilar Venture Partners focuses on AI & Machine Learning, Deep Tech, Sector Agnostic.
Where is Armilar Venture Partners located?
Armilar Venture Partners is headquartered in Lisbon, PT.
Does Armilar Venture Partners lead rounds?
Armilar Venture Partners typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

EUVC #73 Pedro Ribeiro Santos, Armilar Venture Partners

The European VC · Pedro Ribeiro Santos

Career Management da AESE por Joaquim Sérvulo Rodrigues da Armilar Venture Partners

AESE Business School · Joaquim Sérvulo Rodrigues

À conversa com… Pedro Ribeiro Santos e Jaime Jorge | Pedro Ribeiro Santos, sócio da Armilar Venture Partners, e Jaime Jorge, CEO da Codacy, uma plataforma online de análise de código, são os convidados da... | By Link to Leaders

Pedro Ribeiro Santos · facebook.com

Images

Armilar Venture Partners photo

Co-investors · 12

Sapphire Ventures

Sapphire Ventures is a venture capital firm founded in 2011 that backs technology companies, offering operating support such as executive talent and customer introductions to its portfolio.

Both backed · 2
FeedzaiSword Health
$5M – $20M
Oak HC/FT

Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, with a focus on enterprise technology and AI.

Both backed · 1
Giant Ventures Global Llp

Giant Ventures is a venture capital firm investing across sectors including AI, climate, health, energy and fintech, and also incubates some of its own companies. Its portfolio spans roughly 48+ companies across the US and Europe.

Both backed · 1
Student Finance
$2M
Partech Ventures

Partech is a global investment firm that supports founders at every stage through dedicated teams and multiple funds across several continents.

$200K – $50M
EQT Ventures

EQT Ventures is the early-stage venture arm of EQT, backing founders building what it calls Generation-Defining Companies, primarily across Europe. It acts as a lead investor, operational advisor, and high-conviction capital provider.

$2.2M – $55M
Saga Ventures

Saga Ventures is a $125M seed fund led by a trio combining career investor, GTM operator, and ML/fintech founder backgrounds, positioning itself as a return to traditional venture with a small partnership focused on deep company building. The firm backs hard problems in infrastructure-like categories including defense tech, space manufacturing, industrial automation, and AI infrastructure, emphasizing fundamentals-driven investing over hype cycles with $2-4M checks at pre-seed and seed stages.

Kfund

Kfund is a venture capital firm that invests in entrepreneurs building differentiated technology-based products and services, using simple and easy-to-understand terms.

$108K – $10.8M
eCAPITAL ENTREPRENEURIAL PARTNERS

eCAPITAL is a venture capital firm providing funding from early to growth stage to technology companies across software and IT, cybersecurity, industry 4.0, new materials, and cleantech.

$2.2M – $6.5M
Emerald Technology Ventures

Emerald Technology Ventures is a venture capital firm focused on cutting-edge and complex technologies, supporting entrepreneurs and leaders at the front lines of scientific development.

Portugal Ventures

Portugal Ventures is a Portuguese venture capital investor backing early-stage companies across digital and technology, industry and technology, health technologies, and tourism sectors, investing from seed through Series D.

$54K – $1.6M
G+D Ventures

G+D Ventures is a theme-driven early-stage venture capital investor backed by the Giesecke+Devrient Group and the European Investment Bank, focused on 'TrustTech' companies that promote and protect trust in digital ecosystems.

$216K – $2.2M
Crescendo Venture Partners

Crescendo Venture Partners is a Tel-Aviv-based venture capital firm that backs early-stage entrepreneurs building sustainable, profitable companies with the potential to become category leaders. It was founded in partnership with the Geneva-based Crescendo group of wealth and asset managers.

Firms observed investing alongside Armilar Venture Partners, from public investor directories. Shared companies are the overlap with Armilar Venture Partners's recorded portfolio.

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