Fundraising FoxPortugal Ventures
Venture capitalPorto · Pre-Seed–Series C · 12 people tracked
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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.
Team · 12 people
from public directories
What they invest in
from 22 of 29 portfolio companiesSaaS ×8AI & Machine Learning ×7Cybersecurity ×5Enterprise Software ×5Developer Tools ×4Fintech ×3Healthtech ×3IoT ×3
HQs:Portugal×10United States×4Spain×1France×1
Investments · 29 tracked
founders shown can be your intro pathBy year:2025 · 32022 · 22020 · 12019 · 22018 · 22014 · 111 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
Paulo Trezentos(Founder)inAlvaro Pinto(Founder)
Co-investorsChamaeleonGobi PartnersGolden Gate VenturesHeadline
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
Andre Jordao(Founder)Andre Jordao Ricardo Macedo(Founder)Ricardo Macedo(Founder)
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
Bitsight provides a cyber risk intelligence platform that monitors entities across the internet to identify vulnerabilities and emerging threats in real time.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSCambridge, US
Nagarjuna Venna(Founder)inStephen Boyer(Founder)inShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)Elizabeth Fischer(Executive Officer)inBrian Cohen(Executive Officer)in
Co-investors33NAlphaDriveCapital Midwest FundComcast VenturesFlybridge Capital PartnersGlobespan Capital Partners+9 more
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
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-investorsArmilar Venture PartnersBright Pixel CapitalBynd Venture CapitalChamaeleonTechstarsBeta-i+1 more
Fraudio provides AI-based fraud detection and anti-money-laundering (AML) monitoring for payment companies, flagging fraudulent transactions in real time.
AI & Machine LearningCybersecurityFintech
João Moura(Founder)in
Co-investorsBynd Venture CapitalShilling VCVolt
Secures the modern app-driven lifestyle across banking, email, shopping, and browsing.
Co-investorsBright Pixel CapitalChamaeleonCogitent VenturesSonae IMVertex VenturesArrington Capital+2 more
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
Glovo is an on-demand delivery app that lets users order food from restaurants as well as groceries and goods from supermarkets, shops, pharmacies, and florists in their city.
FoodTechLogistics & Supply ChainMarketplacesBarcelona, ES
Oscar Pierre(Founder)Sacha Michaud(Founder)
Co-investorsBlue LionBlue Lion GlobalBonsai Partners SGEIC, SACriteria Venture TechDirlangoEntrée Capital+10 more
Guestu is a mobile hotel app platform that enables guest communication with staff, digital check-in with AI-powered identity verification, room service ordering, and access to city guides and activity booking.
SaaSTravel & HospitalityLisbon, PT
Co-investorsLeadX Capital PartnersTechstars
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
Rui Ribeiro(CEO & Co-Founder)Pedro Fortuna(CTO & Co-Founder)
Co-investors33NBright Pixel CapitalChamaeleonSonae IMAce Capital PartnersIberis Capital
Leadzai provides a platform for digital marketing providers—agencies, media partners, and performance teams—to automate campaign management and reporting while paying only for results delivered.
AdTechAI & Machine LearningMarketing TechSaaS
Co-investors3xP GlobalBlueCrow CapitalBright Pixel CapitalLince Capital
Lovys offers customizable insurance products sold as flexible monthly subscriptions, including home, auto, pet, and device coverage.
FintechInsurTechParis, FR
Co-investorsHeartcore CapitalMAIF AvenirMS&AD VenturesTechstarsAnkaa VenturesBpifrance+2 more
Omniflow manufactures smart outdoor IoT devices powered by integrated wind and solar energy, including lamposts and urban furniture designed for cities and public spaces.
CleantechEnergyGovTechIoT
Co-investorsHCapital PartnersX-HUB TOKYO Global Startup Accelerator
OutSystems provides an AI-powered development platform that enterprises use to build, deploy, and manage mission-critical applications and AI agents with built-in security and governance.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSGrand Duchy, US
Rui Pereira(Director)
BoardJoaquim Rodrigues(Director)inPaulo Rosado(Executive Officer, Director)inStephen Shanley(Director)Christian Resch(Director)Michael Pehl(Director)
Co-investorsArmilar Venture PartnersGoldman Sachs33NBright Pixel CapitalChamaeleonSolid Ventures+2 more
Probely is a security testing platform that discovers APIs and web applications, finds their vulnerabilities, prioritizes them, and provides guidance on how to fix them.
CybersecurityDeveloper ToolsSaaS
Co-investors33NBright Pixel CapitalChamaeleonSemapa NextShilling VCTIIN Capital+2 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AddvoltBicaCellMabsDefinedAI
Portfolio news
latest coverage across their companiesGlartek · thesaasnews.com · Jul 8, 2025
Frequently asked questions
- How many investments has Portugal Ventures made?
- Portugal Ventures has 29 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
33N is a European venture capital firm that invests globally in category-leading Cybersecurity, AI, and Defense companies, backed by a network of CISOs, AI and data leaders, and operators.
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.
Armilar Venture Partners is an early-stage venture capital firm that backs teams using technology to address major societal challenges.
Menlo Ventures is an early-stage venture capital firm backing transformative technology companies, with a strong current emphasis on artificial intelligence across enterprise, healthcare, and consumer markets.
Flybridge Capital Partners is an East Coast venture capital firm backing early-stage, AI-focused startups. Founded in 2002, it invests at the pre-seed and seed stages across AI applications, infrastructure, and related sectors.
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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OMERS Ventures is a venture capital firm that invests in founders globally, with investment teams based in New York, Palo Alto, and Toronto.
Galaxy Interactive originated as the interactive content and technology arm of crypto firm Galaxy Digital, giving it an unusual combination of deep crypto-native infrastructure knowledge and a pure-play focus on interactive media, gaming, and virtual worlds, rather than being a generalist crypto or generalist gaming fund. The fund leverages Galaxy's broader balance sheet and ecosystem—including trading, investment banking, tokenization, and infrastructure—to offer portfolio companies access to liquidity, tokenization expertise, and institutional crypto relationships, creating an integrated platform that is rare among sector-specific gaming and interactive VCs.
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