Portugal Ventures
Venture capitalPorto · Pre-Seed–Series C
Find your way into Portugal Ventures
Investment thesis
Portugal Ventures invests in early-stage Portuguese companies, supporting them from seed series through Series D rounds. The firm focuses on four core areas: digital and technology, industry and technology, health technologies, and tourism. It operates a broad partner network spanning ignition partners, capital partners, and corporate partners to help scale its portfolio companies.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 14 of 16 portfolio companiesAI & Machine Learning ×4Developer Tools ×3Enterprise Software ×3Gaming ×3Healthtech ×3SaaS ×3Advanced Manufacturing ×2Biotech ×2
HQs:Portugal×10United States×2
Investments · 16 tracked
founders shown can be your intro pathBy year:2025 · 32022 · 32020 · 17 dated
FiberSight develops distributed fiber-optic sensing systems that collect temperature and humidity data across large and complex areas, paired with data-analysis software.
Deep TechHardwareIoT
Tiago Neves(Founder & CEO)inManuel Soeiro(Co-founder & CTO)in
Co-investorsParticle
IMMUNETHEP is a biotechnology company, spun off from the University of Porto, developing immunology-based technology originating from the Laboratory of Immunology of ICBAS.
BiotechHealthtechCantanhede, PT
Pedro Madureira(Founder & CSO)inBruno Santos(CEO)in
Co-investorsBeta CapitalVenture Catalysts
Wizardsardine develops Bitcoin security and custody software for individuals and institutions.
Crypto & Web3CybersecurityFintechTerceira Island, PT
Kevin LoaecinAntoine Poinsotin
Co-investorsBitcoiner VenturesFulgur VenturesAugust One
The University of Porto (U.Porto) is a Portuguese public university with 15 faculties offering degree programs and 45 research units, positioning itself as one of the country's largest producers of scientific research.
EdTechPorto, PT
Co-investorsBeta Capital
Azitek provides real-time tracking and monitoring for material handling equipment such as forklifts and tugger trains in warehouses and manufacturing facilities.
Advanced ManufacturingDeep TechEnterprise SoftwareIoTLogistics & Supply ChainPorto, PT
José Francisco Valente(Founder)in
Co-investorsBeta Capital
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
Co-investorsAcurio VenturesFive Seasons VenturesIndico Capital PartnersShilling VC
BHOUT manufactures an AI-enabled punching bag that uses psychology, gamification, and behavioral nudging to enhance workout experiences across home, gym, and hybrid fitness environments.
AI & Machine LearningGamingHardwareSports TechPorto, PT
Mauro Frota(Founder)in
Co-investorsCOREangelsExplorer InvestmentsLince Capital
Biosurfit develops point-of-care diagnostic instruments and tests for blood analysis, including devices for measuring C-reactive protein, blood counts, and HbA1c levels.
BiotechHealthtechMedical DevicesAzambuja, PT
Co-investorsBeta Capital
C-mo develops an automated wearable device that records and analyzes cough patterns in real-time for continuous patient monitoring.
Digital HealthHealthtechMedical DevicesCaparica, PT
Co-investorsNovalis BiotechBoehringer Ingelheim Venture Fund
Popul8 provides character creation automation software that generates and customizes game characters and crowds with dynamically fitting assets.
AI & Machine LearningDeveloper ToolsGamingLeca Da Palmeira, PT
Veronica Costa Orvalho(Founder)in
Co-investorsArmilar Venture PartnersBynd Venture CapitalTechstarsBright Pixel CapitalPME Investimentos
Didimo develops Popul8, a tool that automates character creation for video games by generating fully-rigged NPCs, crowds, and customizable avatars from a studio's own topology and specifications, with dynamic asset fitting and QA verification.
AI & Machine LearningDeveloper ToolsGamingDover, US
Veronica Costa Orvalho(Founder)inDominic Gualtieri(Executive Officer, Director)Susan Standiford(Director)
Co-investorsBright Pixel CapitalChamaeleonArmilar Venture PartnersPME InvestimentosTechstars
Glartek provides EHSQ (Environment, Health, Safety, Quality) software that integrates frontline teams with management systems to enhance industrial safety, quality, and compliance.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS
Bruno Duarte(CEO)in
Co-investorsAugust OneHCapital Partners
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-investorsBuenavista Equity PartnersIndico Capital Partners
Jscrambler provides client-side security software that monitors and controls third-party and AI-powered scripts running in the browser to prevent supply chain attacks, data leaks, and code tampering.
CybersecurityDeveloper ToolsEnterprise SoftwareSaaS
Co-investors33NBright Pixel CapitalChamaeleonSonae IMAce Capital Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Portfolio news
latest coverage across their companiesImmunethep · labiotech.eu · Mar 23, 2026
Indie Campers · siliconcanals.com · May 23, 2025
Frequently asked questions
- How many investments has Portugal Ventures made?
- Portugal Ventures has 16 tracked investments, including 3 dated in the last 24 months.
- What stage does Portugal Ventures invest at?
- Portugal Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C stages.
- What is Portugal Ventures's typical check size?
- Portugal Ventures typically writes checks of $54K – $1.6M.
- What sectors does Portugal Ventures focus on?
- Portugal Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Healthtech, Sector Agnostic, Travel & Hospitality.
- Where is Portugal Ventures located?
- Portugal Ventures is headquartered in Porto, PT.
Media · Podcasts & interviews
from their channelWebinar Call Leiria 4ed 29 07 2025
Portugal Ventures
Webinar | Call Leiria Crescimento
Portugal Ventures
Webinar Call INNOV-ID (5ª Edição)
Portugal Ventures
Webinar Call Leiria Crescimento (2ª edição)
Portugal Ventures
Webinar Call Leiria Crescimento 17-07-2024
Portugal Ventures
Webinar Call WIT
Portugal Ventures
Co-investors · 6
Indico Capital Partners is a venture capital firm backed by global institutions, funds of funds, corporates, education institutions, family offices and individual entrepreneurs, supporting promising companies and founders.
33N is a European venture capital firm that invests globally in category-leading companies across cybersecurity, AI, and defense.
Armilar Venture Partners is an early-stage venture capital firm that backs teams using technology to address major societal challenges.
Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.
Seed-stage venture capital firm based in Boston and New York City investing in ambitious founders leveraging the power of AI. With over $1 billion under management across six seed funds and seven pre-seed funds, portfolio companies include BetterCloud, BitSight, Bowery, Chief, Codecademy (acq: SKILL), FalconX, Firebase (acq: GOOG), Infracommerce (BVMF: IFCM3), MadeiraMadeira, MongoDB (NASDAQ: MDB), Open English, Plastiq, and Splice.
14W is a venture capital firm that invests in consumer internet, marketplace, ecommerce, consumer packaged goods, and media companies.
Firms observed investing alongside Portugal Ventures, from public investor directories. Shared companies are the overlap with Portugal Ventures's recorded portfolio.
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