How many investments has OW Ventures made?

OW Ventures has 5 tracked investments.

What stage does OW Ventures invest at?

OW Ventures invests at the Pre-Seed, Seed, Series A stages.

Where is OW Ventures located?

OW Ventures is headquartered in Lisbon, PT.

Who does OW Ventures co-invest with?

OW Ventures most often shares deals with Lince Capital, Beta Capital, Shilling VC, among 3 tracked co-investors.

OW Ventures

Venture capital

Lisbon · Pre-Seed–Series A · 12 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.

Invests inAI & Machine Learning Cleantech Climate Tech Cloud Computing Deep Tech Digital Health Enterprise Software Fintech Hardware Healthtech HR Tech Impact & Social Good SaaSSector AgnosticBrazil Lisbon Portugal

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Series A

Lisbon, PT

Instruments

Equity

Founded

2003

Tracked investments

Team · 12 people

from the firm's website & curated

José Serra· Partner

Tocha· Partner

Luis Gutman· Managing Partner· Oeiras, Lisbon, Portugalin

Luis Gutman is Managing Partner at OW Ventures, an early-stage venture capital firm that uses digital processes to manage investments at scale. With over 20 years of experience in technology and venture capital, he has worked with companies that scaled internationally and raised substantial capital. Gutman also hosts the OWners Podcast, which features founders discussing startup development, and mentors students, young professionals, and founders while coaching teams on leadership and organizational agility.

l•••@m4ventures.com.brreveal

Bruno Reis· Compliance

Carla Almeida· Finance· London, England, United Kingdomin

Fernanda Carneiro· Compliance

Gonçalo Nunes· Investments/VC

João Redol· Tech

Manuel Rodrigues· Legal

Pedro Telhado· Investments/VC

Benson Jose· Head of Finance· Florham Park, New Jersey, United Statesin

Tocha Serra· Fund Creator· Lisbon, Portugalin 𝕏

Tocha Serra is Co-founder and CEO of Comudel, a company developing AI infrastructure for autonomous company creation and management. He has co-founded and funded over 100 companies through Olisipo Way and OW Ventures, and serves as an investor at both Olisipo Way and Angels Way. Serra also hosts Bitalk, a business and entrepreneurship podcast in Portugal.

What they invest in

from 1 of 5 portfolio companies

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

HQs:Portugal×2

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.

MyCareforcemycareforce.co

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

Co-investorsShilling VC

Nutriumnutrium.com in

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

André Santos(Founder)

Co-investorsBeta Capital Lince Capital

Paynest

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

Sheermesheerme.com

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

Lisbon, PT

Miguel Alves Ribeiro(Founder)Shakil Satar(Founder)

Co-investorsLince Capital

Frequently asked questions

How many investments has OW Ventures made?: OW Ventures has 5 tracked investments.
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.
Who does OW Ventures co-invest with?: OW Ventures most often shares deals with Lince Capital, Beta Capital, Shilling VC, among 3 tracked co-investors.

Images

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