Fundraising Fox

OW Ventures

Venture capital

Lisbon · Pre-Seed–Series A · 10 people tracked

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Investment thesis

OW Ventures backs promising early-stage startups building cutting-edge technology in software, hardware, and emerging technologies, aiming to help them scale internationally while generating strong returns for investors. The firm operates a family of funds: Angels Way (a community-driven pre-seed fund democratizing investment in Portugal), Terralis Fund (an environmental/planet-tech fund), and M4 Ventures (an industry-agnostic seed fund focused on Portuguese startups with strong R&D and expansion into Brazil). It also pursues strategic impact investments to generate positive global impact, emphasizing community, collaboration, and technology-driven operations.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Lisbon, PT
Instruments
Equity
Founded
2003
Tracked investments
5

Team · 10 people

from the firm's website & public directories
José Serra· Partner
Tocha· Partner
Bruno Reis· Compliance
Carla Almeida· Finance
Fernanda Carneiro· Compliance
Gonçalo Nunes· Investments/VC
Pedro Telhado· Investments/VC

What they invest in

from 1 of 5 portfolio companies

Digital Health ×1SaaS ×1Wellness & Fitness ×1

Investments · 5 tracked

founders shown can be your intro path
Modatta

Platform enabling users to monetize their personal data by consenting to brand access in exchange for compensation, in a GDPR-compliant way.

MyCareforce

Portuguese healthtech platform connecting nurses and healthcare professionals with available shifts at hospitals and clinics.

Nutriumnutrium.comin

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 & Fitness

Paynest

Portuguese fintech offering an employee financial well-being platform with salary advances, expense management and financial literacy tools.

SheerMe

Portuguese online platform to discover, book and pay for wellness, beauty and fitness services, with 24/7 bookings and cashback rewards.

Frequently asked questions

What stage does OW Ventures invest at?
OW Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does OW Ventures focus on?
OW Ventures focuses on AI & Machine Learning, Cleantech, Climate Tech, Cloud Computing, Deep Tech, Digital Health, Enterprise Software, Fintech, Hardware, Healthtech, HR Tech, Impact & Social Good, SaaS, Sector Agnostic.
Where is OW Ventures located?
OW Ventures is headquartered in Lisbon, PT.

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