Indico Capital Partners — Full Portfolio

Anchorage Digital is a global cryptocurrency platform providing institutions with custody, staking, trading, governance, and settlement services, along with security infrastructure.

Crypto & Web3Enterprise SoftwareFintechNew York, US

DMDiogo Mónica(Founder)inNMNathan McCauley(Founder)in

Co-investorsANAndreessen HorowitzGIGICA1a16z cryptoAMAmplify PartnersBLBlockchain CapitalDEDelta Blockchain+28 more

Arborea develops sustainable nutritious food ingredients using biotechnology.

AgTechBiotechClimate TechFoodTech

JMJulian Melchiorri(Founder & CEO)in

Co-investorsTRTrellis Road I Fund AB

Barkyn provides personalized dog nutrition — fresh steam-cooked meals and grain-free premium kibble delivered by subscription — bundled with ongoing veterinary monitoring for dog owners.

ConsumerDigital HealthDirect to ConsumerE-commerce

Andre Jordao(Founder)Andre Jordao Ricardo Macedo(Founder)Ricardo Macedo(Founder)

Co-investorsACAcurio VenturesFIFive Seasons VenturesSHShilling VCPOPortugal Ventures

Bizay is an online printing platform where businesses order customized marketing and promotional products including business cards, flyers, stickers, banners, packaging, branded clothing, and office supplies.

Advanced ManufacturingE-commerceMarketplaces

Co-investorsLELeadX Capital PartnersLILince CapitalSHShilling VCEUEuropean Investment BankIBIberis CapitalOMOmnes Capital

cargo.one builds an AI-powered infrastructure platform for logistics teams that automates sales and procurement processes for freight forwarders and carriers.

AI & Machine LearningEnterprise SoftwareLogistics & Supply Chain

MCMoritz Claussen(Founder)inMike Rötgers(Founder)Mike Röttgers(Founder)Oliver Neumann(Founder)

Co-investorsBEBessemer Venture PartnersBOBOOOMINIndex VenturesNENext47POPoint NineCRCreandum

Cascade uses AI to identify and match Request for Proposal (RFP) opportunities to construction and architecture firms by scanning government and private sector portals, then assists in proposal writing and bid management.

AI & Machine LearningConstruction TechSaaS

Joana F.(Founder)inHZHannia Zia(CEO)inJoana Ferreira(CTO)

Co-investorsBLBlitzscaling VenturesSHshuckerVCA1A16Z SpeedrunADAda Ventures

Cascade is a strategy execution platform that helps organizations turn long-term corporate strategy into actionable goals across teams, with AI-powered executive summaries and reporting to track progress.

AI & Machine LearningEnterprise SoftwareSaaSNew York City, US

TWTom Wright(Founder)in

Co-investorsONOneVenturesA1A16Z SpeedrunADAda VenturesARArchetypeBLBlitzscaling VenturesCACarthona Capital+5 more

Dealroom.co is an Amsterdam-founded data platform that tracks global startup and venture capital activity, providing intelligence on funding rounds, valuations, and industry trends to investors, corporations, and governments.

Co-investorsOCOCEAN.capitalTOTorch Capital

Exclusible is a creative agency that develops branded gaming experiences and immersive worlds on platforms like Roblox and Fortnite, helping brands connect with youth audiences through authentic, platform-native content.

Creator EconomyGamingMarketing Tech

TLThibault Launay(CEO)inOMOlivier Moingeon(CCO)inPierre Guigouresse(COO)

Co-investors3C3Comma CapitalSHShilling VCWHWhite Star CapitalYAYadayAPApex CapitalTITioga Capital Partners

Compostable biopolymer material derived from seaweed and natural sources.

Co-investorsBTBtomorrow VenturesPEPente CapitalVAVala CapitalRERedrice Ventures

FOSSA builds satellite-based IoT connectivity, including satellite infrastructure, ground stations, and IoT devices, for remote asset monitoring.

HardwareIoTSaaSSpace Tech

JFJulián Fernández(CEO & Co-Founder)inVGVicente González(COO & Co-Founder)inSSSergio Sarasola(CTO)in

Co-investorsCACanvas VenturesEMEmerald Technology Ventures AgKIKibo VenturesBABain Capital VenturesCOCostanoa VenturesNANabtesco Technology Ventures+2 more

FRVR operates a platform that publishes and distributes a large catalog of casual browser and mobile games across genres such as puzzle, arcade, racing, sports, and merge games.

ConsumerGamingMedia & EntertainmentLondon, GB

CBChris Benjaminsen(Founder)inDan Friedlaender(Founder)inBrian Meidell(Founder)

Co-investorsACAccelHIHiro CapitalLILince CapitalMAMakers FundSASamsung NextIBIberis Capital

Gazelle Capital provides early-stage capital, fractional CFO services, and operational and financial consulting to founders looking to scale their businesses.

FintechBoston, US

MacKenzie Green(Founder)inMMMaria Manrique(Executive Officer)inSWSarah Welch(Executive Officer)inCSChristopher Sullivan(Executive Officer, Director)in

BoardMichael Tyrrell(Director)William Rosenzweig(Director)

Co-investorsTRTRIREC

Gazelle Wind Power develops a floating platform system for offshore wind turbines designed to reduce weight, mooring complexity, and operational costs compared to conventional solutions.

CleantechClimate TechDeep TechEnergyHardwareViana do Castelo, PT

VDValentin de Torres-Solanot del Pino(Founding Partner)

Co-investorsAUAugust OneKAKatapult

Hercules develops enterprise-grade AI workers to automate back-office operational tasks and reduce the knowledge worker deficit.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS

ABAlex Babin(Chief Executive Officer)inBCBeverley Chadwick(Chief Financial Officer)TBTrevor Bell(Chief Customer Officer)inVVVictoria Vendolin(Head of People Operations)HBHarutyun Baghdasaryan(VP of Engineering)inMSMarkus Sobkowski(Head of AI)in

Co-investorsACAcorn Pacific VenturesAIAiSprouts VCALAlumni VenturesBABascom VenturesEVEvolution VenturesFLFlyer One Ventures+11 more

Ínclita Seaweed Solutions develops seaweed-based active ingredients as sustainable alternatives to synthetic and land-based actives, using green extraction and biorefinery methods.

BiotechClimate TechNew Materials

Sandra Martins(Founder)

Indie Campers is a Lisbon-founded company offering RV and campervan rentals through its own fleet and a peer-to-peer marketplace, serving travelers across Europe, North America, and Oceania.

Co-investorsBUBuenavista Equity PartnersPOPortugal Ventures

Infraspeak builds a collaborative facilities management and maintenance platform used by FM and maintenance teams to manage work orders and operations.

AI & Machine LearningEnterprise SoftwarePropTechSaaSPorto, PT

FÁFelipe Ávila da Costa(Co-founder & CEO)inLMLuís Martins(Co-founder & CTO)inJosé OliveirainLLLuís Luís MachadoinOMOriane Milletin

Co-investors50500 GlobalFIfirstminute capitalCACaixa CapitalBRBright Pixel CapitalENEndeit CapitalINInnovation Nest+1 more

InnovationCast is a Lisbon-based B2B SaaS company providing collaborative innovation management software that helps organizations crowdsource, evaluate, and implement ideas from employees and customers.

Co-investorsSHShilling VC

Nortech connects directly to equipment control systems to extract high-frequency operational data and convert it into structured, validated signals for industrial digitalization.

Advanced ManufacturingData & InfrastructureIoT

APAnders Paulsen(Founder)in

Co-investorsEAEarlybird Venture Capital

Nutrium provides nutrition software for dietitians covering booking, meal plans, appointments and follow-up, and offers Nutrium Care, an employee nutrition benefit combining online dietitian appointments, AI-assisted monitoring and corporate nutrition workshops.

Digital HealthSaaSWellness & FitnessBraga, PT

ASAndré Santos(Founder)in

Co-investorsBEBeta CapitalLILince CapitalOWOW Ventures

Oceano Fresco farms shellfish, including clams and the European flat oyster (Ostrea edulis), using open-sea nurseries in the Atlantic Ocean with a regenerative aquaculture approach.

AgTechClimate TechFoodTech

Co-investorsAQAqua SparkBLBlueCrow CapitalSESemapa Next

Preply is a language learning platform that serves corporate employees through its B2B offering Preply Business, enabling companies to provide language education to their workforce.

AI & Machine LearningB2B MarketplacesEdTechHR TechMarketplacesSaaSBrighton, US

DVDmytro Voloshyn(Co-founder and CTO)inKyrylo Bigay(Executive Officer, Director)KBKirill Bigai(Co-founder and CEO)inSLSergey Lukyanov(Former Co-Founder)inCWCharlie Wickers(Executive Officer)inBoris Shakhnovich(Executive Officer)

Co-investorsACAcurio VenturesCOCogito Capital PartnersDIDigital Future Investments LtdEDEducapitalEVEvli Growth PartnersFLFlashpoint Venture Capital+18 more

Primetag provides tools and solutions for influencer marketing campaigns, helping brands work with creators to optimize returns on their marketing investments.

Creator EconomyMarketing TechSocial

MAManuel Albuquerque(Founder)inCRCarlos Ramalho(Founder)in

Co-investorsREREDangelsIBIberis Capital

Relive is a real estate brokerage that helps customers rent, buy, and sell properties through agents who combine local expertise with technology and social media marketing.

B2B MarketplacesMarketplacesPropTechRetail TechOurem, PT

JCJosé Costa Rodrigues(Founder)in

Co-investorsBYBynd Venture CapitalSHShilling VCTETechstars

Rows builds a spreadsheet-based platform that lets business users create tools and work with data without coding.

AI & Machine LearningData & InfrastructureFuture of WorkSaaSPorto, PT

Humberto Ayres Pereira(Founder)Torben Schulz(Founder)

Co-investorsACAccelARArmilar Venture PartnersATAtlanticCRCraft VenturesDRDraycottFEFelix Jahn+7 more

TIER operates a shared electric micromobility service (e-scooters and related vehicles) available in over 400 cities across Europe and the Middle East.

CleantechConsumerMobility & TransportationBerlin, DE

LLLawrence Leuschner(Founder)inHMHenri Moissinac(Founder)inMatthias Laug(Founder)Julian Blessin(Founder)

Co-investorsCOConny & Co.ETEthos VCEVEvli Growth PartnersFJFJ LabsGRGrazia Equity GmbHIMImagination Capital+14 more

Unbabel provides AI-powered machine translation software combined with human editors to enable multilingual customer support and localization for businesses globally.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

VPVasco Pedro(CEO)inJGJoão Graça(CTO)inBPBruno Prezado Silva(Lead Designer)inHSHugo Silva(Developer)inPSPhil Shawe(President and CEO)inJin Lee(Co-CEO)

Co-investorsAMAmino CapitalFAFaberFUFundersClubGRGreycroftGVGV (Google Ventures)NONotion Capital+23 more

Eleos offers life insurance and income protection to consumers in the UK, with AI-guided policy building that answers questions in plain English plus access to licensed human advisers via WhatsApp, email, or phone.

ConsumerFintechInsurTech

Co-investorsFUFuel Ventures

Workfully is a recruiter marketplace platform that connects companies directly with vetted specialist recruiters across 30+ European markets, replacing traditional recruitment agency relationships.

B2B MarketplacesHR TechBarcelona, ES

Stefano Tacconi(Founder)in

Co-investorsPIPitchdriveSHShilling VCB B Heroes

WSense builds underwater wireless communication and networking technology, offering end-to-end hardware and cloud components (IoUT platform) that enable secure multi-hop mesh networking and interoperability among submerged and surface sensors and autonomous vehicles.

Cloud ComputingDeep TechIoT

CPChiara Petrioli(Founder)in

Co-investorsCDCDP Venture CapitalMOMoonstone Venture CapitalRURunwayFBUAXAxon Partners GroupBLBlue Ocean Capital GroupSWSWEN Capital Partners