Stephan de Moraes
InvestorManaging General Partner at Indico Capital Partners
Lisbon, Lisbon, Portugal
About
Over 20 years of investment and CEO experience; former VC and executive board member at Caixa Capital. Holds an MBA from Harvard Business School.
Experience
- Indico Capital PartnersManaging General Partnercurrent2017 — presentLisboa, Lisbon, Portugal
- APCRI – Associação Portuguesa de Capital de RiscoChairmancurrent2021 — presentLisbon, Portugal
- CMVM - Comissão do Mercado de Valores MobiliáriosAdvisory Board Membercurrent2025 — presentLisbon, Portugal
- COTEC PortugalAdvisory Board Membercurrent2025 — presentPortugal
- Saïd Business School, University of OxfordVenture Capital and Entrepreneurship Expert for the oNetworkcurrent2018 — presentGreater Oxford Area
- AmropAdvisory Board Membercurrent2018 — presentLisboa, Lisbon, Portugal
- European CommissionAdvisor to the European Commissioner2016 — 2019Brussels Metropolitan Area
- International Venture ClubCouncil Member2013 — 2018Europe
- Caixa CapitalExecutive Board Member2013 — 2017Lisbon
- Invest EuropeCouncil Member (Venture Capital)2015 — 2017
- European Venture Fund Investors NetworkChairman2014 — 2016Europe
- Banco Nacional de Investimento (Grupo Caixa Geral de Depósitos)Board Member and Deputy CEO2010 — 2013Maputo, Mozambique
- Crimson Investment ManagementNon-Executive Board Member2008 — 2010
- TemaHomeChief Executive Officer2006 — 2009
- Naturgas EnergiaManaging Director Servicios2005 — 2006Greater Bilbao Metropolitan Area
- EDPDirector2003 — 2005
- Portuguese GovernmentAdvisor2002 — 2003
- Morgan StanleyM&A and Principal Investment Summer Associate2001
- ARTHUR ANDERSEN BUSINESS CONSULTINGSenior Consultant Strategy1999 — 2000
- Halcrow Management SciencesConsultant1996 — 1999
Education
- Harvard Business School2002 Master, Business Administration2000 — 2002
- Saïd Business School, University of OxfordTransformational Leadership Program2015
- Yale UniversityJackson Institute for Global Affairs Exec. Education: Foundations for Leadership in the 21st Century, Values2012
- Harvard Kennedy SchoolExecutive Education, Global Leadership and Public Policy for the 21st Century2010
- INSEADExecutive Education, EDP Top Management Program2005
- Ecole nationale des Ponts et ChausséesErasmus, Civil Engineering1996
- Instituto Superior TécnicoLicenciatura, Civil Eng1991 — 1996
Skills & more
EntrepreneurshipVenture CapitalStart-upsInvestments36Private Equity66Investment Banking34Deal Execution18Business Strategy99Emerging Markets41Due Diligence46Project Finance22New Business Development28
+12 more
Management ConsultingBankingBusiness PlanningBusiness DevelopmentInternational BusinessOperations ManagementFinanceCorporate FinanceStrategyManagementStrategic PlanningNegotiationLanguages English · French · Portuguese · Spanish
From Stephan's professional profile.
Same school
Also attended Saïd Business School, University of Oxford231
Manuk HergnyanCo-Founder & Managing Partner at Granatus VenturesMike MoradiGeneral Partner at Cortado VenturesConnor WhitingFinance Associate at Giant Ventures Global LlpBrendan BakerPartner at Rackhouse Venture Management LpMelissaInvestor at Dig Ventures Management LimitedThomasGeneral Partner at Acadian Ventures Management, Llc
+ 225 more
Also attended Yale University491
Ann Miura-KoCo-founding Partner at FloodgateDavid SzeAdvisory Partner at GreylockMichael SeibelPartner Emeritus at Y CombinatorZheela QaiserInvestor at Index VenturesKarthik ArdhanareeswaranInvestor at GV (Google Ventures)TinaInvestments & Portfolio Services Team Member at Clear Ventures
+ 485 more
Also attended Harvard Kennedy School169
Jeremy PhilipsInvestor at Spark CapitalMike MoradiGeneral Partner at Cortado VenturesGayatri SarkarFounder and CEO at Advaita CapitalSteve SargeantSenior Advisory Board at IronGate Capital AdvisorsRobert SiglerSenior Advisory Board at IronGate Capital AdvisorsJustin FreehVenture Partner at IronGate Capital Advisors
+ 163 more
Also attended Instituto Superior Técnico48
João BandeiraPrincipal, Infrastructure Software at Bright Pixel CapitalJoão MoutinhoDirector, People at Bright Pixel CapitalJoaquim Sérvulo RodriguesManaging Partner at Armilar Venture PartnersPedro Ribeiro SantosManaging Partner at Armilar Venture PartnersDuarte MineiroManaging Partner at Armilar Venture PartnersJoão DiasInvestment Partner at Armilar Venture Partners
+ 42 more
Shared employers
Also worked at APCRI – Associação Portuguesa de Capital de Risco1
Also worked at Saïd Business School, University of Oxford25
Gülsah WilkeInvestor at DN CapitalVictoria FähInvestment Manager, Future Content Fund at IPR.VCDeepali NangiaPartner at SpeedinvestSahaj KumarInvestment Manager at Counteract OneAlvaro RodriguezCo-founder and Managing Partner at IGNIADavid ButtressVenture Partner at 83North
+ 19 more
Also worked at European Commission107
Sara SecallGeneral Partner at Inveready Technology Investment GroupClaus AnderssonGeneral Partner at Sunstone CapitalDaniela CoutinhoPrincipal, Cyber at Bright Pixel CapitalNina Litman RoventaInvestor at Extantia CapitalCristina GarmendiaGeneral Partner at Ysios CapitalGorkem KoseogluCEO and Co-Founder of Prometa.AI at PICUS CAPITAL
+ 101 more
Also worked at International Venture Club2
Colleagues at Indico Capital Partners
André Almeida Santos
Partner at Indico Capital Partners
Cristina Fonseca
General Partner at Indico Capital Partners
Gabriela Cordeiro
Compliance Officer at Indico Capital Partners
João Pedro Roque
Principal at Indico Capital Partners
Lavinia Bonomo
Investor at Indico Capital Partners
Maria Amaral
Marketing, Communication and Events at Indico Capital Partners
Marta Fernandes
Financial Controller at Indico Capital Partners
Rafaela Martins
Executive Assistant and Officer Manager at Indico Capital Partners
Network1
Investors connected to Stephan in public investor directories — a warm-intro map.






.png)

















)
-47%20(1).jpg)















