Fundraising Fox

Bright Pixel Capital

Venture capital

Lisbon · Seed–Late Stage · 18 people tracked

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Investment thesis

Bright Pixel Capital, the tech investment arm of Portuguese multinational Sonae Group, focuses on three core sectors it considers its DNA: cybersecurity, retail technologies, and infrastructure software. Operating as an evergreen fund, it has invested over €250M across more than 50 direct investments in its first five years. The firm invests across stages from seed and early stage through growth to buy-outs, positioning itself as a partner that brings specialized sector expertise, a global footprint, and operational experience to help companies scale from early stage to IPO. It emphasizes deep relationships with founders and co-investors and a financially driven approach to growing business value.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Lisbon, PT
Instruments
Equity
Founded
2015
Last 12 months
5 investments
Tracked investments
348

Team · 18 people

from the firm's website & public directories
Eduardo Piedade· Managing Partner and CEO
Benjamin Junior· Director, Infrastructure Software (Bright Ventures)in
Daniela Coutinho· Principal, Cyberin
Carmo Silva· Manager, Retailin
Cristina Novais· CFOin
Filipa Costa· Director, Financein
Pedro Cunha· Director, Legalin
Carlos Netoin𝕏

What they invest in

from 110 of 348 portfolio companies

AI & Machine Learning ×68SaaS ×54Enterprise Software ×43Cybersecurity ×37Developer Tools ×24Retail Tech ×16Data & Infrastructure ×14E-commerce ×14

HQs:United States×39United Kingdom×4Portugal×4Canada×2France×2Israel×2

Who they back

founder profiles across 68 portfolio companies
56%
solo founders
38 of 68 mapped founding teams
37%
repeat founders
of 59 founders with career history
~3 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×382 founders×213 founders×74+ founders×2

Where their founders studiedfrom 54 founders with education data

Tel Aviv University ×3Ben-Gurion University of the Negev ×2Harvard Business School ×2Jerusalem College of Engineering ×2Massachusetts Institute of Technology ×2Politecnico di Torino ×2Reichman University ×2Seoul National University ×2

Where their founders worked beforefrom 59 founders with career history

Unit 8200 - Israeli Intelligence Corps ×3Facebook ×2HP Software ×2Mamram ×2OWASP ×2Picture Capital ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×5Y Combinator ×5

8 founders hold a PhD · 13 hold an MBA (of 57 with degree data)

Investments · 348 tracked

founders shown can be your intro path

By year:2026 · 22025 · 42024 · 32023 · 12022 · 12021 · 22019 · 12017 · 12015 · 22014 · 118 dated

AkamaiNASDAQ: AKAM
AmdocsNASDAQ: DOX
Fortivefortive.comin𝕏NYSE: FTV

Fortive is a global industrial technology company that develops products for medical device safety, radiation protection, workflow automation, gas detection, and predictive maintenance.

Advanced ManufacturingHealthtechIoTEverett, US

Co-investorsScale Venture Partners

Instacartinstacart.comin𝕏NASDAQ: CART

Instacart operates a marketplace connecting grocery retailers with customers who order food and household items for same-day delivery or in-store pickup, serving millions of households across North America through partnerships with over 350 retailers.

ConsumerE-commerceFoodTechSan Francisco, US

Apoorva Mehta(Founder & CEO)inBrandon Leonardo(Founder)inMax Mullen(Founder)in

Co-investorsA*Andreessen HorowitzBACKGROUND CAPITALBling CapitalCanaan PartnersCoatue Management+29 more

IntellicheckNASDAQ: IDN
Pinterestpinterest.comNYSE: PINS

Pinterest operates a visual discovery platform where users save and browse images organised into boards, used heavily for shopping, recipes and design.

San Francisco, US

Evan Sharp(Co-founder & CDO)Ben Silbermann(Co-founder & CEO)inPaul Sciarra(Co-founder)Mike Yang(Executive Officer)Natalie Fair(Executive Officer)Bill Readyin

Co-investorsA.Capital VenturesA*Acequia Capital (AceCap)Allied Venture PartnersAmakorAndreessen Horowitz+44 more

RadcomNASDAQ: RDCM
Rapid7NASDAQ: RPDOct 2015

Boston, US

Alan Matthews(Director)Steven Gatoff(Executive Officer)Michael McKee(Executive Officer)Richard Moseley(Executive Officer)Lee Weiner(Executive Officer)Corey Thomas(Executive Officer, Director)

Co-investorsaVenture

Riskifiedriskified.cominNYSE: RSKDMar 2021

Riskified provides AI and machine-learning fraud prevention that protects the ecommerce customer journey from login and checkout to refunds and returns.

AI & Machine LearningE-commerceFintechTel Aviv

Assaf Feldman(Executive Officer, Director)Eido Gal(Executive Officer, Director)Naama Ofek Arad(Executive Officer)Aglika Dotcheva(Executive Officer)

BoardTanzeen Syed(Director)Aaron Mankovski(Director)

Co-investorsAglae VenturesC4 VenturesConvergeEntrée CapitalFounder CollectiveNTT DOCOMO Ventures+3 more

SharkNinjaNYSE: SN
Shopifyshopify.caNASDAQ: SHOPOct 2019

Shopify is a commerce platform that enables businesses to build online stores, sell across multiple channels (web, social, marketplace, POS), and manage inventory and orders.

E-commerceRetail TechSaaSOttawa, CA

Daniel Weinand(Executive Officer)Tobias Lutke(Executive Officer, Director)inAmy Shapero(Executive Officer)Craig Miller(Executive Officer)Jeff Weiser(Executive Officer)Joseph Frasca(Executive Officer)

Co-investorsData TechDraft Ventures LlcFelicis VenturesFirstMark CapitalOMERS VenturesRuna Capital+2 more

WayfairNYSE: W
Flowlieflowlie.comin𝕏✓ verified

Quill (operated by Flowlie Technologies) provides a managed back-office function that unifies finance, HR, compliance, capital planning, and board preparation for startup founders.

Enterprise SoftwareFintechFuture of WorkHR TechSaaS

Kaben Clauson(Co-Founder & CEO)Ian Cohen(Co-Founder & CEO)Rick Gordon(Co-Founder & CEO)Adam Stepanovic(Co-Founder & CEO)Philip Odelfelt(Co-Founder & CEO)Vlad Cazacu(Founder)in

Co-investorsBaseLayer VenturesEPIC VENTURESGeek VenturesGlasswing VenturesSage Venture PartnersSQUADRA VENTURES+4 more

<UNKNOWN>
1X
Abound
Admiral
Advana
Aether AI
Afresh Technologiesafresh.comin

Afresh offers an AI platform for grocery retailers and distributors that uses data models of products, inventory, and operations to guide ordering and merchandising decisions.

AI & Machine LearningFoodTechRetail Tech

Matt Schwartz(Founder)inNathan Fenner(Founder)in

Co-investorsBetter Food VenturesBlack Jays VenturesCaesar VenturesDesigner FundDoon CapitalGroundForce Capital+4 more

AI customer service automation platform

Reduce customer service costs while increasing staff productivity by automating customer service tasks using Artificial Intelligence

AI product data enrichment platform

An AI-powered product data enrichment, categorization, and insights platform for CPGs and retailers

AI sales coaching platform

Helps sales teams practice real conversations with an AI coach that gives instant feedback to improve their selling skills

AI visual content creation platform

A platform that offers ethical, copyright-safe AI solutions for creating and editing premium visual content

AI-driven video analysis platform

Unsupervised AI-driven video analysis that helps brands and creative strategists to understand why videos are successful

AI-native data infrastructure platform

AI-native data infrastructure platform which helps AI teams manage, curate, annotate, and align multimodal data for physical AI systems

AI-powered marketing optimization platform

AI-powered marketing optimization platform that helps CMOs and other C-level decision-makers to make advised decisions that are based on their own marketing, sales, and promotion data

AI-powered retail merchandising platform

AI-powered platform for retail merchandising teams focused on optimizing promotional product and price mixes

Airmada
Airtap Networks
AppScan
Aqua Securityaquasec.comin𝕏

Aquasec provides open-source and commercial security scanning solutions, including Trivy, designed to detect vulnerabilities and maintain security posture in cloud-native applications.

Cloud ComputingCybersecurityDeveloper Tools

Amir Jerbi(Founder)in

Co-investorsAcrew CapitalAspect VenturesEvolution Equity PartnersInsight PartnersLightspeed Venture PartnersM12 (Microsoft's Venture Fund)+2 more

Arctic Wolfarcticwolf.comin𝕏

Arctic Wolf provides managed detection and response (MDR) services with 24x7 security teams that detect, investigate, and respond to threats using an open XDR platform processing trillions of events weekly.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Brian NeSmith(Founder & CEO)in

Co-investors33NArtisanal VenturesClearSkyCyber Mentor FundDelta-v CapitalDraper Associates+14 more

Arreto
Ascend
Automaiseautomaise.comin

Automaise offers an ecosystem of AI agents that automate and assist customer service operations across channels including voice, chat, email, WhatsApp, and social media.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsArmilar Venture PartnersHCapital Partners

Automated threat modeling platform

Automated threat modeling platform that performs a risk analysis of a software application at the phase of design and maintains it live once in production

Axis Security
Bastech
Beamybeamy.io

Beamy provides an AI-driven intelligence platform that models an enterprise's people, processes, and applications from real usage data, helping large organizations manage shadow IT, rationalize their application portfolio, inform vendor negotiations, and prioritize AI adoption.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsIsaiISAI GestionEvolem

Bizdirectbizdirect.pt

Provider of IT Solutions and Digital Services consulting specializing in business process digitization

Co-investorsSonae IM

Boardsmith
BOC IT Solutions
Booster
BRIAbria.aiin𝕏

Bria provides visual generative AI infrastructure for tech companies, offering APIs and SDKs for image generation, editing, and optimization built on foundation models trained exclusively on licensed, attributed data.

AdTechAI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketing TechSaaS

Co-investorsAtinum Investment Co. Ltd.Entrée CapitalGFT VenturesIN VentureRed Dot Capital PartnersSamsung Next+3 more

Brightbrightbreaks.comSep 2025 · $10M

Bright Breaks runs an online workplace wellness platform that offers short, live fitness, yoga, and break classes for employees working remotely, in-office, or both.

Future of WorkHR TechSaaSWellness & Fitness

Co-investorsConcrete Ventures

Brightbright.aiin𝕏Sep 2025 · $10M

BrightAI builds a "Stateful" physical AI platform that uses edge AI, sensors, autonomous inspection, robots, drones, and workforce wearables to monitor, diagnose, and manage the condition of physical infrastructure for essential-services industries.

AI & Machine LearningIoTRobotics

Co-investorsInspired CapitalKhosla VenturesUpfront VenturesZero Infinity Partners

Brijbrij.itin𝕏Jun 2025 · $8M

Brij is a customer-data platform that identifies retail and marketplace buyers via QR codes, product registrations, and receipt uploads, converting anonymous offline shoppers into known first-party customer profiles.

AdTechConsumerE-commerceMarketing TechRetail TechNew York, US

Zachary Morrison(Executive Officer, Director)Kait Stephens(Co-founder)inZack Morrison(Co-founder)inKaitlin Stephens(Executive Officer, Director)

BoardFRANCISCO NUNES(Director)in

Co-investorsLorimer VenturesForum VenturesLakehouse Venture PartnersRed Bike CapitalSuperAngel.Fund

ByondTrust
C B4cb4.comin

CB4 offers Spotlight, a patented AI software that runs machine learning on brick-and-mortar retailers' POS data to detect in-store physical issues holding back sales.

AI & Machine LearningRetail TechSaaSNew York City, US

Co-investorsLeadX Capital PartnersPereg VenturesSonae IM

Chordchord.coin𝕏

Chord provides a unified data layer and AI agents for commerce brands, combining reliable data infrastructure with autonomous tools that operate across the full business stack.

AI & Machine LearningData & InfrastructureE-commerceMarketing Tech

Bryan Mahoney(CEO & Co-Founder)Henry Davis(President & Chairman)

Co-investorsAlleyCorpEqual VenturesIntercept VenturesRidge VenturesAlley Robotics VenturesChingona Ventures+2 more

Citconcitcon.comin𝕏

Citcon provides cross-border and mobile payment solutions for global e-commerce and digital wallet transactions.

E-commerceFintechSaaSSan Jose, US

Chunbo Huang(Executive Officer, Director)Chuck Huang(Founder)in

BoardDavid Feinleib(Director)Priti Choksi(Director)inBenjamin Malka(Director)inDouglas Krause(Director)

Co-investorsCota CapitalNorwest Venture PartnersSierra VenturesSonae IMTSVCRace Capital

ciValuecivalue.comin

Provides businesses with customer analytics, insights, and advisory services for marketing decision-making

Tzachi Rosen(Founder)in

Co-investorsEmery CapitalNielsen InnovateSonae IM

Clarifaiclarifai.comin𝕏

Clarifai developed AI inference technology and compute orchestration software for running and optimizing machine learning models at scale.

AI & Machine LearningCloud ComputingData & InfrastructureNew York, US

Matthew Zeiler(Executive Officer, Director)in

BoardAlbert Wenger(Director)in

Co-investorsCorazon CapitalGV (Google Ventures)Lux CapitalMenlo VenturesNew Enterprise Associates (NEA)Numeta Capital+11 more

ClinkHQ
Cloud security remediation service

The first and only hybrid human-AI managed service developed from the ground up specifically for cloud security remediation

Cloud-based security-as-a-service platform
Cloud-based security-as-a-service software

Worldwide provider of a native cloud based security-as-a-service software, protecting all areas of modern web communication

Cloud-native workload protection platform

Cloud-native workload protection platform designed for protecting applications on containers, VMs and serverless environments

Browse all 348 investments with full details →

148 more tracked companies

OutSystemsOxeyePimcorePixelogicPixlisePlacemePoisedPortainerPricewaterhouseCoopersProbelyProduct data enrichment platformProduct Information Management solutionPuresecReblazeReckonReplaiResemble AIResoluteRetail analytics platformRetail insights platformRetail merchandising optimization platformRetail platformRetail tech marketplaceRetalonRevealbotRevlonRisk-based vulnerability management solutionRocketRunwayS21secSafeBreach Attack Simulation PlatformSales data insights platformSales LayerSalesLoftSalsifySaphetySaphireScaleCommerceScanTrustSchibstedSDLC-integrated API protection solutionSecfixSecond-NatureSecucloudSecureworksSecurity operations consolidation platformSekoiaSeldonSellerboardSellforteSemgrepSenseiServer-side web tracking platformShoppingAdvisorSnykSolvoSoul MachinesStockIQStyleSageSwaySysdigSyteTaikaiTamnoonTelecom ItaliaTezThe Real Real x-tech-roboticsThekerThreat intelligence platformTidalTowerwatchTransmit SecurityTrusteroTrustpilotTrustwaveUbisecureUnnamed Business Applications (2001, Portugal)Unnamed Business Applications (2018, Portugal)Unnamed Business Applications (2018, US)Unnamed Business Applications (2019, Portugal)Unnamed Business Applications (2020, Portugal)Unnamed Business Applications (2023, Portugal)Unnamed Business Applications (2025, Israel)Unnamed Business Applications (2025, US)Unnamed Cybersecurity (2016, US)Unnamed Cybersecurity (2017, Germany)Unnamed Cybersecurity (2017, Portugal)Unnamed Cybersecurity (2017, Spain)Unnamed Cybersecurity (2017, US)Unnamed Cybersecurity (2018, Israel)Unnamed Cybersecurity (2018, Luxembourg)Unnamed Cybersecurity (2019, Israel)Unnamed Cybersecurity (2020, US)Unnamed Cybersecurity (2022, France)Unnamed Cybersecurity (2023, France)Unnamed Cybersecurity (2023, Israel)Unnamed Cybersecurity (2023, Israel/US)Unnamed Cybersecurity (2023, US)Unnamed Cybersecurity (2024, US)Unnamed Cybersecurity (2025, US)Unnamed Emerging Tech (2018, Portugal)Unnamed Emerging Tech (2020, Portugal)Unnamed Infrastructure Software (2018, Spain)Unnamed Infrastructure Software (2019, Singapore)Unnamed Infrastructure Software (2020, UK)Unnamed Infrastructure Software (2021, New Zealand)Unnamed Infrastructure Software (2022, Portugal)Unnamed Infrastructure Software (2023, Austria)Unnamed Infrastructure Software (2023, UK)Unnamed Infrastructure Software (2025, Germany)Unnamed Infrastructure Software (2025, UK)Unnamed Infrastructure Software (2025, US)Unnamed Retail Tech (2016, Portugal)Unnamed Retail Tech (2016, US)Unnamed Retail Tech (2018, France)Unnamed Retail Tech (2018, Israel)Unnamed Retail Tech (2018, Poland)Unnamed Retail Tech (2018, Portugal)Unnamed Retail Tech (2018, Singapore)Unnamed Retail Tech (2018, Spain)Unnamed Retail Tech (2019, Canada)Unnamed Retail Tech (2020, Spain)Unnamed Retail Tech (2021, Finland)Unnamed Retail Tech (2022, US)Unnamed Retail Tech (2023, US)Unnamed Retail Tech (2025, US)Unnamed Retail Tech (2026, Spain)VaionaValideoVanishidVeracode, Inc.VicariusVideo analysis platformVisenzeVisual commerce platformVividCortexVulnerability discovery and remediation platformVulnerability management SaaS platformWaffle SecurityWeaveworkswebMethodsWedotechnologiesWizXtendifyZendeskZero-Trust access platformZscalerZylotech

Exits · 14

IPOs and acquisitions across the tracked portfolio

AkamaiNASDAQ: AKAMAmdocsNASDAQ: DOXFortiveNYSE: FTVInstacartNASDAQ: CARTIntellicheckNASDAQ: IDNPinterestNYSE: PINSRadcomNASDAQ: RDCMRapid7NASDAQ: RPDRiskifiedNYSE: RSKDSharkNinjaNYSE: SNShopifyNASDAQ: SHOPWayfairNYSE: WInfinipointacq. by Outpost24Mosaic MLacq. by Databricks

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Bright Pixel Capital made?
Bright Pixel Capital has 344 tracked investments, 12 of which have exited via acquisition or IPO, including 5 dated in the last 24 months.
What stage does Bright Pixel Capital invest at?
Bright Pixel Capital invests at the Seed, Series A, Growth, Late Stage stages.
What sectors does Bright Pixel Capital focus on?
Bright Pixel Capital focuses on AI & Machine Learning, Cloud Computing, Cybersecurity, Data & Infrastructure, E-commerce, Enterprise Software, Fintech, IoT, Retail Tech, SaaS.
Where is Bright Pixel Capital located?
Bright Pixel Capital is headquartered in Lisbon, PT.
Does Bright Pixel Capital lead rounds?
Bright Pixel Capital has led 4 of the 7 rounds where its role is on record.
Who does Bright Pixel Capital co-invest with?
Bright Pixel Capital most often shares deals with Sonae IM, 33N, Chamaeleon, among 413 tracked co-investors.
What size deals does Bright Pixel Capital back?
Across 5 deals with disclosed amounts, Bright Pixel Capital has joined rounds of $8M – $60M (median $12M).

Images

Bright Pixel Capital photoBright Pixel Capital photo

Co-investors · 8

33N

33N is a European venture capital firm that invests globally in category-leading companies across cybersecurity, AI, and defense.

$4.3M – $13M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Earlybird Venture Capital

Earlybird Venture Capital is a European venture capital investor that backs early-stage technology founders with capital, strategic support, and access to an international network.

Both backed · 2
$540K – $12M
Molten Ventures

Molten Ventures is a European venture capital firm that backs technology founders from Series A onward, providing capital along with expertise and networks to help companies scale globally.

Both backed · 2
$2.5M – $63M
Swanlaab Venture Factory

Swanlaab Venture Factory is a Spanish venture capital firm that invests in and actively supports founders building high-growth companies, providing capital, strategic expertise and hands-on company-building support.

$540K – $3.2M
Unusual Ventures

Unusual Ventures is a venture capital firm that backs enterprise and infrastructure founders from initial insight through market leadership, providing a proprietary playbook for finding product-market fit.

Both backed · 1
$1M – $15M
Atlantic Bridge Ventures

Atlantic Bridge is a growth equity firm investing in deep technology companies across Europe, the UK and the US, using a cross-border value-add strategy and a global platform to help portfolio companies scale internationally.

$1M – $5M

Firms observed investing alongside Bright Pixel Capital, from public investor directories. Shared companies are the overlap with Bright Pixel Capital's recorded portfolio.

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