Portugal Ventures — Full Portfolio

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

PMPedro Madureira(Founder & CSO)inBSBruno Santos(CEO)in

Co-investorsBEBeta CapitalVEVenture Catalysts

Wizardsardine develops Bitcoin security and custody software for individuals and institutions.

Crypto & Web3CybersecurityFintechTerceira Island, PT

KLKevin LoaecinAntoine Poinsotin

Co-investorsBIBitcoiner VenturesFUFulgur VenturesAUAugust One

Paulo Trezentos(Founder)inAlvaro Pinto(Founder)

Co-investorsCHChamaeleonGOGobi PartnersGOGolden Gate VenturesHEHeadline

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-investorsBEBeta 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

JFJosé Francisco Valente(Founder)in

Co-investorsBEBeta 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-investorsACAcurio VenturesFIFive Seasons VenturesINIndico Capital PartnersSHShilling 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

MFMauro Frota(Founder)in

Co-investorsCOCOREangelsEXExplorer InvestmentsLILince 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-investorsBEBeta 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

NVNagarjuna Venna(Founder)inSBStephen Boyer(Founder)inSMShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)EFElizabeth Fischer(Executive Officer)inBCBrian Cohen(Executive Officer)in

Co-investors3333NALAlphaDriveCACapital Midwest FundCOComcast VenturesFLFlybridge Capital PartnersGLGlobespan 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-investorsNONovalis BiotechBOBoehringer 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-investorsARArmilar Venture PartnersBRBright Pixel CapitalBYBynd Venture CapitalCHChamaeleonTETechstarsBEBeta-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

JMJoão Moura(Founder)in

Co-investorsBYBynd Venture CapitalSHShilling VCVOVolt

Secures the modern app-driven lifestyle across banking, email, shopping, and browsing.

Co-investorsBRBright Pixel CapitalCHChamaeleonCOCogitent VenturesSOSonae IMVEVertex VenturesARArrington 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

BDBruno Duarte(CEO)in

Co-investorsAUAugust OneHCHCapital 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-investorsBLBlue LionBLBlue Lion GlobalBOBonsai Partners SGEIC, SACRCriteria Venture TechDIDirlangoENEntrée 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-investorsLELeadX Capital PartnersTETechstars

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 PartnersINIndico 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-investors3333NBRBright Pixel CapitalCHChamaeleonSOSonae IMACAce Capital PartnersIBIberis 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-investors3X3xP GlobalBLBlueCrow CapitalBRBright Pixel CapitalLILince Capital

Lovys offers customizable insurance products sold as flexible monthly subscriptions, including home, auto, pet, and device coverage.

FintechInsurTechParis, FR

Co-investorsHEHeartcore CapitalMAMAIF AvenirMSMS&AD VenturesPLPlug and Play VenturesTETechstarsANAnkaa Ventures+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-investorsHCHCapital PartnersX-X-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

RPRui Pereira(Director)

BoardJRJoaquim Rodrigues(Director)inPRPaulo Rosado(Executive Officer, Director)inStephen Shanley(Director)Christian Resch(Director)Michael Pehl(Director)

Co-investorsARArmilar Venture PartnersGOGoldman Sachs3333NBRBright Pixel CapitalCHChamaeleonGEGeneral Atlantic+3 more

Passworks appears to offer a service for creating and delivering digital passes (e.g. mobile wallet passes) sent to users via email.

Marketing TechSaaS

Co-investorsFAFaber

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-investors3333NBRBright Pixel CapitalCHChamaeleonSESemapa NextSHShilling VCTITIIN Capital+2 more