# Portugal VC Directory > The most comprehensive directory of venture capital firms investing in Portugal. 108 VCs indexed with filters by stage, sector, city, and ticket size. ## About Portugal VC Directory (portugalvc.com) is the definitive reference for venture capital in Portugal. It lists every active VC firm, angel network, corporate venture arm, accelerator, venture studio, and government-backed fund operating in the Portuguese startup ecosystem as of 2026. Built by a Portuguese founder who needed this when raising. The directory covers 108 firms across 12 sectors, including 46 independent VCs, 21 CMVM-registered SCRs, 10 corporate venture arms, 9 PE/VC hybrids, 8 impact funds, 5 venture studios, 3 angel networks, 3 accelerator/VCs, 2 government-backed funds, 1 incubator/VCs. ## Key Facts - Total firms indexed: 108 - Primary hub: Lisbon (83% of firms) - Secondary hub: Porto (11+ firms) - Most active stages: Seed (66%), Series A (35%), Pre-Seed (33%) - Ticket range: €10K (angel) to €30M+ (growth/PE) - Data last updated: 2026-08-13 ## Pages - [Home](https://portugalvc.com/): Full searchable directory with filters - [Fundraising Guide](https://portugalvc.com/fundraising-guide): Stage-by-stage guide to raising capital in Portugal - [Sectors Overview](https://portugalvc.com/sectors): All 12 investment sectors with VC counts - [Sector: Tech](https://portugalvc.com/sector/tech): VCs investing in Tech - [Sector: Fintech](https://portugalvc.com/sector/fintech): VCs investing in Fintech - [Sector: HealthTech](https://portugalvc.com/sector/healthtech): VCs investing in HealthTech - [Sector: Life Sciences](https://portugalvc.com/sector/life-sciences): VCs investing in Life Sciences - [Sector: Deep Tech](https://portugalvc.com/sector/deep-tech): VCs investing in Deep Tech - [Sector: Climate & Sustainability](https://portugalvc.com/sector/climate-sustainability): VCs investing in Climate & Sustainability - [Sector: SaaS & Enterprise](https://portugalvc.com/sector/saas-enterprise): VCs investing in SaaS & Enterprise - [Sector: PropTech](https://portugalvc.com/sector/proptech): VCs investing in PropTech - [Sector: Web3 & Crypto](https://portugalvc.com/sector/web3-crypto): VCs investing in Web3 & Crypto - [Sector: Impact Investing](https://portugalvc.com/sector/impact): VCs investing in Impact Investing - [Sector: Tourism & Hospitality](https://portugalvc.com/sector/tourism): VCs investing in Tourism & Hospitality - [Sector: Blue Economy](https://portugalvc.com/sector/ocean-economy): VCs investing in Blue Economy ## VC Profiles Each VC has a dedicated profile page at https://portugalvc.com/vc/{slug} with investment thesis, description, AUM/fund size, ticket sizes, stages, sectors, portfolio companies with links, social links, and metrics. ## Complete VC List - [Portugal Ventures](https://portugalvc.com/vc/portugal-ventures) — VC (Government), Porto / Lisbon, tickets €50K–€1.5M - [Armilar Venture Partners](https://portugalvc.com/vc/armilar-venture-partners) — VC, Lisbon, tickets €500K–€10M+ - [Bondstone Ventures](https://portugalvc.com/vc/bondstone-ventures) — VC, Lisbon, tickets €500K–€1M - [Caixa Capital](https://portugalvc.com/vc/caixa-capital) — CVC, Lisbon, tickets €1M–€5M - [Indico Capital Partners](https://portugalvc.com/vc/indico-capital-partners) — VC, Lisbon, tickets €500K–€10M - [Shilling Capital Partners](https://portugalvc.com/vc/shilling-capital-partners) — VC, Lisbon, tickets €100K–€1M - [Faber Ventures](https://portugalvc.com/vc/faber-ventures) — VC, Lisbon, tickets Up to €2.5M - [Bynd Venture Capital](https://portugalvc.com/vc/bynd-venture-capital) — VC, Lisbon, tickets €250K–€600K - [Bright Pixel Capital](https://portugalvc.com/vc/bright-pixel-capital) — CVC, Maia (Porto), tickets €1M–€10M - [LC Ventures](https://portugalvc.com/vc/lc-ventures) — VC, Lisbon, tickets €100K–€1M - [HCapital Partners](https://portugalvc.com/vc/hcapital-partners) — VC, Lisbon, tickets €500K–€3M - [EDP Ventures](https://portugalvc.com/vc/edp-ventures) — CVC, Lisbon, tickets €1M–€10M - [Explorer Investments](https://portugalvc.com/vc/explorer-investments) — PE / VC, Lisbon - [Iberis Capital](https://portugalvc.com/vc/iberis-capital) — PE / VC, Lisbon, tickets €2M–€12M - [Pathena](https://portugalvc.com/vc/pathena) — VC, Porto / Lisbon - [Mustard Seed MAZE](https://portugalvc.com/vc/mustard-seed-maze) — VC (Impact), Lisbon, tickets €500K–€1M - [MSM](https://portugalvc.com/vc/msm) — VC (Impact), Lisbon, tickets €500K–€1M - [Semapa Next](https://portugalvc.com/vc/semapa-next) — CVC, Lisbon, tickets €5M–€22.5M - [GED Ventures Portugal](https://portugalvc.com/vc/ged-ventures-portugal) — VC, Lisbon, tickets €100K–€1.5M - [Lince Capital](https://portugalvc.com/vc/lince-capital) — VC, Lisbon, tickets €250K–€5M - [Novabase Capital](https://portugalvc.com/vc/novabase-capital) — CVC, Lisbon - [33N Ventures](https://portugalvc.com/vc/33n-ventures) — VC, Porto, tickets €4–€12M - [BlueCrow Capital](https://portugalvc.com/vc/bluecrow-capital) — VC, Lisbon, tickets €3M–€6M - [Big Start Ventures](https://portugalvc.com/vc/big-start-ventures) — VC, Lisbon - [APEX Capital](https://portugalvc.com/vc/apex-capital) — VC, Cascais, tickets €100K–€1.5M - [REDangels](https://portugalvc.com/vc/redangels) — Angel Network, Aveiro, tickets €10K–€100K - [COREangels](https://portugalvc.com/vc/coreangels) — Angel Network, Ílhavo (Aveiro), tickets €50K–€200K - [Olisipo Way](https://portugalvc.com/vc/olisipo-way) — VC, Lisbon, tickets €50K–€150K - [Best Horizon](https://portugalvc.com/vc/best-horizon) — VC, Lisbon, tickets €1M–€2M - [Bionova Capital](https://portugalvc.com/vc/bionova-capital) — VC, Lisbon - [Biovance Capital Partners](https://portugalvc.com/vc/biovance-capital-partners) — VC, Lisbon, tickets €1.5M–€6M - [Critical Ventures](https://portugalvc.com/vc/critical-ventures) — VC, Coimbra, tickets €2M–€6M - [ECS Capital](https://portugalvc.com/vc/ecs-capital) — PE / VC, Lisbon - [Oxy Capital](https://portugalvc.com/vc/oxy-capital) — PE / VC, Lisbon - [Inter-Risco](https://portugalvc.com/vc/inter-risco) — VC (SCR), Lisbon, tickets €5M–€20M - [Espírito Santo Ventures](https://portugalvc.com/vc/espirito-santo-ventures) — VC (SCR), Lisbon - [hypra.fund](https://portugalvc.com/vc/hypra-fund) — VC, Lisbon, tickets Up to $10M - [FundBox](https://portugalvc.com/vc/fundbox) — VC, Lisbon - [Rising Ventures](https://portugalvc.com/vc/rising-ventures) — VC, Lisbon, tickets €90K–€950K - [RR² Capital](https://portugalvc.com/vc/rr-capital) — VC, Lisbon - [3xP Global](https://portugalvc.com/vc/3xp-global) — VC, Lisbon, tickets €250K–€5M - [3 Comma Capital](https://portugalvc.com/vc/3-comma-capital) — VC, Lisbon - [BlockChange Capital](https://portugalvc.com/vc/blockchange-capital) — VC, Lisbon - [MAZE – decoding impact](https://portugalvc.com/vc/maze-decoding-impact) — VC (Impact), Lisbon - [200M / Social Innovation Fund](https://portugalvc.com/vc/200m-social-innovation-fund) — VC (Impact), Porto / Lisbon, tickets €500K–€5M - [Amorim Holding II](https://portugalvc.com/vc/amorim-holding-ii) — CVC, Lisbon - [N1 Investment Company](https://portugalvc.com/vc/n1-investment-company) — VC, Lisbon, tickets €100K–€350K - [Start Ventures](https://portugalvc.com/vc/start-ventures) — VC, Lisbon - [WISENEXT](https://portugalvc.com/vc/wisenext) — VC, Lisbon - [Ganexa Capital](https://portugalvc.com/vc/ganexa-capital) — VC, Lisbon - [Bright Ventures](https://portugalvc.com/vc/bright-ventures) — VC, Lisbon, tickets €50K–€500K - [Beta Capital](https://portugalvc.com/vc/beta-capital) — VC, Porto / Lisbon, tickets €250K–€1M - [AgileGTM Capital](https://portugalvc.com/vc/agilegtm-capital) — VC, Lisbon, tickets €150K - [Polkastarter Ventures](https://portugalvc.com/vc/polkastarter-ventures) — VC, Lisbon - [Grow Venture Partners](https://portugalvc.com/vc/grow-venture-partners) — VC, Lisbon, tickets €100K–€1M - [Pitchdrive](https://portugalvc.com/vc/pitchdrive) — VC, Lisbon, tickets €250K–€2M - [Basinghall Partners](https://portugalvc.com/vc/basinghall-partners) — VC, Lisbon / London, tickets €250K–€1M - [Beta-i](https://portugalvc.com/vc/beta-i) — Accelerator / VC, Lisbon - [Startup Lisboa](https://portugalvc.com/vc/startup-lisboa) — Incubator / VC, Lisbon - [CTT Ventures](https://portugalvc.com/vc/ctt-ventures) — CVC, Lisbon - [Simpact VC](https://portugalvc.com/vc/simpact-vc) — VC (Impact), Lisbon, tickets €500K–€2M - [ActiveCap Capital Partners](https://portugalvc.com/vc/activecap-capital-partners) — VC (SCR), Lisbon, tickets €1M–€20M - [ADMAR SCR](https://portugalvc.com/vc/admar-scr) — VC (SCR), Lisbon - [Atena Equity Partners](https://portugalvc.com/vc/atena-equity-partners) — VC (SCR), Lisbon, tickets ~€15M - [C2 Capital Partners](https://portugalvc.com/vc/c2-capital-partners) — VC (SCR), Loures (Lisbon) - [Cedrus Atlantica](https://portugalvc.com/vc/cedrus-atlantica) — VC (SCR), Lisbon - [CoRe Capital](https://portugalvc.com/vc/core-capital) — VC (SCR), Lisbon - [Crest Capital Partners](https://portugalvc.com/vc/crest-capital-partners) — VC (SCR), Lisbon - [BIVEN Capital Partners](https://portugalvc.com/vc/biven-capital-partners) — VC (SCR), Lisbon - [HEED Capital](https://portugalvc.com/vc/heed-capital) — VC (SCR), Lisbon - [Insight Venture SCR](https://portugalvc.com/vc/insight-venture-scr) — VC (SCR), Lisbon - [ISQ SCR](https://portugalvc.com/vc/isq-scr) — VC (SCR), Lisbon - [Octanova SCR](https://portugalvc.com/vc/octanova-scr) — VC (SCR), Lisbon - [Quadrantis Capital](https://portugalvc.com/vc/quadrantis-capital) — VC (SCR), Lisbon, tickets €1M–€5M - [Touro Capital Partners](https://portugalvc.com/vc/touro-capital-partners) — VC (SCR), Lisbon - [Vallis Capital Partners](https://portugalvc.com/vc/vallis-capital-partners) — PE / VC, Lisbon, tickets €7M–€30M - [Vibecap SCR](https://portugalvc.com/vc/vibecap-scr) — VC (SCR), Algés (Lisbon) - [IM Gestão de Ativos](https://portugalvc.com/vc/im-gestao-de-ativos) — VC (SCR), Lisbon - [Eyer Partners](https://portugalvc.com/vc/eyer-partners) — VC, Lisbon - [Altaz Capital](https://portugalvc.com/vc/altaz-capital) — VC, Porto - [Laika Ventures](https://portugalvc.com/vc/laika-ventures) — Venture Studio, Braga - [Sogrape Ventures](https://portugalvc.com/vc/sogrape-ventures) — CVC, Porto, tickets ~€200K - [Porto Venture](https://portugalvc.com/vc/porto-venture) — VC, Porto - [MAZE Impact](https://portugalvc.com/vc/maze-impact) — VC (Impact), Lisbon, tickets €100K–€1M - [Demium Capital](https://portugalvc.com/vc/demium-capital) — VC, Lisbon, tickets €100K+ - [Building Global Innovators (BGI)](https://portugalvc.com/vc/building-global-innovators-bgi) — Accelerator / VC, Lisbon - [Banco Português de Fomento](https://portugalvc.com/vc/banco-portugues-de-fomento) — VC (Government), Lisbon - [Iberis Semper](https://portugalvc.com/vc/iberis-semper) — VC (SCR), Lisbon - [Build Up Labs](https://portugalvc.com/vc/build-up-labs) — Venture Studio, Lisbon - [SURFnCODE](https://portugalvc.com/vc/surfncode) — Venture Studio, Porto - [CRON STUDIO](https://portugalvc.com/vc/cron-studio) — Venture Studio, Coimbra - [Dengun Startup Studio](https://portugalvc.com/vc/dengun-startup-studio) — Venture Studio, Faro - [Ventures.eu](https://portugalvc.com/vc/ventures-eu) — VC, Lisbon, tickets €250K–€2M - [Alea Capital Partners](https://portugalvc.com/vc/alea-capital-partners) — VC, Lisbon - [Draycott SCR](https://portugalvc.com/vc/draycott) — VC (SCR), Lisbon - [Point Capital Partners](https://portugalvc.com/vc/point-capital-partners) — PE / VC, Lisbon - [August One Capital](https://portugalvc.com/vc/august-one) — VC (Impact), Lisbon - [Alpac Capital](https://portugalvc.com/vc/alpac-capital) — VC, Lisbon - [Lightshift](https://portugalvc.com/vc/lightshift) — VC, Lisbon, tickets $250K–$2M - [Change Partners](https://portugalvc.com/vc/change-partners) — VC (SCR), Porto - [Innventures](https://portugalvc.com/vc/innventures) — CVC, Lisbon - [Hovione Ventures](https://portugalvc.com/vc/hovione-ventures) — CVC, Lisbon, tickets €200K–€1M - [Growth Partners Capital](https://portugalvc.com/vc/growth-partners-capital) — PE / VC, Lisbon - [Fortitude Capital](https://portugalvc.com/vc/fortitude-capital) — PE / VC, Lisbon - [STAG Fund Management](https://portugalvc.com/vc/stag-fund-management) — PE / VC, Lisbon - [Invicta Angels](https://portugalvc.com/vc/invicta-angels) — Angel Network, Porto, tickets €25K–€250K - [Casa do Impacto](https://portugalvc.com/vc/casa-do-impacto) — VC (Impact), Lisbon, tickets €50K–€100K - [Fábrica de Startups](https://portugalvc.com/vc/fabrica-de-startups) — Accelerator / VC, Oeiras (Lisbon), tickets Up to €100K ## Full Data For the complete dataset (descriptions, theses, portfolios, metrics), fetch: https://portugalvc.com/llms-full.txt --- *Source: Portugal VC Directory (portugalvc.com), data last updated 2026-08-13*