Climate & Sustainability VCs in Portugal

    Cleantech, energy, and circular economy. Growing fast, with several new climate-focused funds launched in Portugal since 2023.

    LAST UPDATED: 2026-09-06
    38
    INVESTORS
    108
    PORTFOLIO COS
    7
    STAGES COVERED

    ALL CLIMATE & SUSTAINABILITY INVESTORS (38)

    Armilar Venture PartnersVC
    €200K–€10M·OutSystems, Feedzai, Sword Health, Rows, Amplemarket, Coverflex
    Pre-SeedSeedSeries A
    Bondstone VenturesVC
    €500K–€1M
    SeedEarly Stage
    Indico Capital PartnersVC
    €500K–€10M·Anchorage Digital, Remote, Sword Health, TIER, Rows, Dealroom, Preply
    Pre-SeedSeedSeries A
    Shilling Capital PartnersVC
    €100K–€1M·Sword Health, Coverflex, Rows, Casafari, Unbabel, Tucuvi
    Pre-SeedSeedSeries A
    Faber VenturesVC
    Up to €2.5M·Sword Health, Unbabel, Codacy, Smartex, iLoF, YData, ATMOS Space Cargo
    Pre-SeedSeedSeries A
    Bynd Venture CapitalVC
    €250K–€600K·Pollen, Reveni, Equall, Colvin, Casafari, Defined.ai
    Pre-SeedSeed
    LC VenturesVC
    €100K–€1M·Sizebay, Seedrs, HomeIT, CleanWatts
    Pre-SeedSeed
    HCapital PartnersPE / VC
    €500K–€3M·Automaise, Glartek, Eneida.io, Tugbot, Lival, Native Foods
    SeedSeries ASeries B
    EDP VenturesCVC
    €1M–€10M·Feedzai, Green Li-ion, Terabase Energy, GridBeyond, Spotlite, Relectrify
    SeedSeries ASeries B
    MSM (Mustard Seed MAZE)VC (Impact)
    €500K–€1M·GoParity, UpHill Health, Biorce
    Pre-SeedSeedSeries A
    Buenavista Equity Partners Portugal (ex-GED Ventures)VC
    €100K–€1.5M·WEEZIE, Full Venue, LUGGit
    Seed
    Novabase CapitalCVC
    Feedzai, Glartek
    SeedPre-Seed
    33N VenturesVC
    €4–€12M·Arctic Wolf, Feedzai, OutSystems, Exein, Apono, Equixly, Acoru
    Series ASeries BGrowth
    COREangelsAngel Network
    €50K–€200K·Ethiack, Comunidad Feliz, WSense, Luda Partners, CodeGPT
    Pre-SeedSeed
    Best HorizonVC
    €50K–€160K·Aircall, GitLab, Shippo, Musiversal
    SeedPre-Seed
    Critical VenturesVC
    €500K–€3M·RunSafe Security, Critical Links
    SeedSeries ASeries B
    3xP GlobalVC (Impact)
    €250K–€5M·Goparity, Bolsa Social, PeekMed, ECO-ONE
    SeedSeries AGrowth
    3 Comma CapitalVC
    ScoreStars, Bitrefill, Civey
    Pre-SeedSeed
    N1 Investment CompanyVC
    €100K–€350K·Bolt, SteadyPay, Wantent.io
    Pre-SeedSeed
    WISENEXTVC
    TheFork (BestTables), Reckon.ai, Mindprober, Paycritical
    SeedPre-Seed
    CTT 1520 Innovation FundCVC
    Paynest, Ubirider, Fraudio, Sensefinity, ZeroPact
    SeedSeries AGrowth
    ADMAR SCRVC (SCR)
    Sidefarma, Conserveira do Sul, Tróia Eco Resort, Observador
    Growth
    Insight Venture SCRVC (SCR)
    INEYE Therapeutics, LusoSpace, Sea4Us, Cell4Food, Heaboo
    Growth
    Octanova SCRVC (SCR)
    Growth
    Quadrantis CapitalVC (SCR)
    €1M–€5M
    Growth
    Touro Capital PartnersVC (SCR)
    Reckon.ai, AGENTIFAI, Effizency, Maven Pet, Bhout
    GrowthLate Stage
    Laika VenturesVenture Studio
    Tally, Reach, WiseWorld, Sandclock, Dazzl
    Pre-SeedSeed
    MAZE ImpactVC (Impact)
    €100K–€1M·GoParity, UpHill Health
    Pre-SeedSeedSeries A
    Building Global Innovators (BGI)Accelerator / VC
    Sword Health, Feedzai, 335 startups accelerated
    Pre-SeedSeed
    Build Up LabsVenture Studio
    Tap My Back (acquired 2023), 'NVY Life (acquired by L'Oréal), Ask Cory, Grants Finder, Faturado
    Pre-SeedSeed
    SURFnCODEVenture Studio
    Pre-SeedSeed
    CRON STUDIOVenture Studio
    BLOQ.IT, Ecoceno, Wisify, Wada Solutions
    Pre-SeedSeed
    Dengun Startup StudioVenture Studio
    Pre-SeedSeed
    Ventures.euVC
    €250K–€2M·Spot Ship
    SeedSeries A
    Alea Capital PartnersPE / VC
    Reckon.ai, Feelit
    Series AGrowth
    Point Capital PartnersPE / VC
    €500K–€3M
    SeedSeries ASeries B
    August One CapitalVC (Impact)
    SeedSeries A
    STAG Fund ManagementPE / VC
    GrowthLate Stage

    NOTABLE CLIMATE & SUSTAINABILITY PORTFOLIO COMPANIES

    Addvolt(Portugal Ventures)AgriMarketplace(Portugal Ventures)Bandora(Portugal Ventures)Chemitek(Portugal Ventures)Circular Unity(Portugal Ventures)Clean Watts(Portugal Ventures)Eneida(Portugal Ventures)A123 Systems(Armilar Venture Partners)Advanced Cyclone Systems(Armilar Venture Partners)AquaSpy(Armilar Venture Partners)Arborea(Indico Capital Partners)Gazelle Wind Power(Indico Capital Partners)Spotlite(Shilling Capital Partners)Ponda(Faber Ventures)B'ZEOS(Faber Ventures)Poseidona(Faber Ventures)1S1 Energy(Faber Ventures)ANNEA(Faber Ventures)Fuelsave(Faber Ventures)MicroHarvest↗(Faber Ventures)Mitiga(Faber Ventures)Pollen↗(Bynd Venture Capital)Quixotic↗(Bynd Venture Capital)Nuuenergy↗(Bynd Venture Capital)Afresh↗(Bright Pixel Capital)Cleanwatts↗(LC Ventures)Eneida.io↗(HCapital Partners)Evio↗(HCapital Partners)GT Renewables↗(HCapital Partners)Libattion↗(HCapital Partners)

    EXPLORE OTHER SECTORS

    Tech(49)Fintech(12)HealthTech(3)Life Sciences(8)Deep Tech(10)SaaS & Enterprise(0)PropTech(0)Web3 & Crypto(1)Impact Investing(4)Tourism & Hospitality(3)Blue Economy(1)
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