Bright Pixel Capital
Venture capitalLisbon · Seed–Late Stage · 20 people tracked
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.
Team · 20 people
from the firm's website & public directories
What they invest in
from 43 of 350 portfolio companiesAI & Machine Learning ×22SaaS ×18Enterprise Software ×17Cybersecurity ×15Developer Tools ×11Cloud Computing ×8Retail Tech ×8E-commerce ×7
HQs:United States×24United Kingdom×3Portugal×2Canada×1Denmark×1Israel×1
Investments · 350 tracked
founders shown can be your intro pathEverett, US
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/Chairman & Founding CEO)inBrandon Leonardo(Founder)inMax Mullen(Founder)in
San Francisco, US
Evan Sharp(Executive Officer)Mike Yang(Executive Officer)Benjamin Silbermann(Executive Officer, Director, Promoter)Natalie Fair(Executive Officer)
BoardJeremy Levine(Director)Jeff Jordan(Director)
Boston, US
Michael Berry(Director)Christopher Young(Director)John Sweeney(Director)Steven Gatoff(Executive Officer)Michael McKee(Executive Officer)Benjamin E. Holzman(Director)
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
John Phillips(Director)Harley Finkelstein(Executive Officer)Amy Shapero(Executive Officer)Craig Miller(Executive Officer)Jeff Weiser(Executive Officer)Joseph Frasca(Executive Officer)
San Francisco, US
Mathias Schilling(Director)Mark Kingdon(Director)Cynthia Ringo(Director)Keval Desai(Director)Matt Gustke(Executive Officer)Julie Wainwright(Executive Officer, Director)
San Jose, US
Robert Schlossman(Executive Officer)Jay Chaudhry(Executive Officer, Director)Remo Canessa(Executive Officer)Charles Giancarlo(Director)Karen Blasing(Director)David Schneider(Director)
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)
Reduce customer service costs while increasing staff productivity by automating customer service tasks using Artificial Intelligence
An AI-powered product data enrichment, categorization, and insights platform for CPGs and retailers
Helps sales teams practice real conversations with an AI coach that gives instant feedback to improve their selling skills
A platform that offers ethical, copyright-safe AI solutions for creating and editing premium visual content
Unsupervised AI-driven video analysis that helps brands and creative strategists to understand why videos are successful
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 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 platform for retail merchandising teams focused on optimizing promotional product and price mixes
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
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)
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
Provider of IT Solutions and Digital Services consulting specializing in business process digitization
Brij builds technology that connects online and offline commerce to improve the experience consumers have with the products they buy.
ConsumerE-commerceRetail TechNew York, US
Zachary Morrison(Executive Officer, Director)Kaitlin Stephens(Executive Officer, Director)Kait Stephens(Co-founder)Zack Morrison(Co-founder)
BoardFRANCISCO NUNES(Director)
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)
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)
BoardAlbert Wenger(Director)
The first and only hybrid human-AI managed service developed from the ground up specifically for cloud security remediation
Browse all 350 investments with full details →
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Outpost24OutSystemsOxeyePimcorePixelogicPixlisePlacemePoisedPortainerPricewaterhouseCoopersProbelyProduct 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 platformShoppingAdvisorSnykSolarWindsSolvoSoul MachinesStockIQStyleSageSwaySysdigSyteTaikaiTamnoonTelecom ItaliaTezThekerThreat 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)VaionaValideoVanishidVeracodeVicariusVideo analysis platformVisenzeVisual commerce platformVulnerability discovery and remediation platformVulnerability management SaaS platformWaffle SecurityWeaveWeaveworkswebMethodsWedotechnologiesWizwwwwwwXtendifyZendeskZero-Trust access platformZylotech
Frequently asked questions
- 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.
Images
Co-investors · 8
33N is a European venture capital firm that invests globally in category-leading companies across cybersecurity, AI, and defense.
Earlybird Venture Capital is a European venture capital firm that backs early-stage technology founders with capital, strategic support, and access to an international network.
Molten Ventures is a European venture capital firm that backs technology founders from Series A onward, providing capital along with operational expertise, networks, and partnership to help companies scale globally.
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.
GV (formerly Google Ventures) is a venture investment firm that backs founders across many industries, aiming to build long-term relationships and support companies across multiple stages and milestones.
Unusual Ventures is an early-stage venture capital firm that backs enterprise founders from initial insight through market leadership, providing a proprietary playbook for finding product-market fit.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.
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.
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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