Altaz Capital
ABOUT ALTAZ CAPITAL
Altaz Capital is a Lisbon-based investment and operations firm founded in 2025 that aims to identify, acquire and operate high-quality companies in Iberia, working alongside founders to optimize, recapitalize and internationalize established businesses with growth potential. Its stated approach is collaborative and operational — implementing solutions side by side with management rather than only financing them.
In August 2025 Altaz became a relevant minority shareholder in ISTO., the Lisbon slow-fashion menswear brand, with Sérgio Massano joining ISTO.'s leadership as managing partner and André Flórido as CFO to support a targeted 10x growth over 30 months and store openings in London, New York and Madrid; the firm's site lists ISTO. as exited in 2025 and a second, as-yet-unannounced company joined in 2025. Altaz is led by Managing Partner Sérgio Massano (ex-Antler GP, Seaya, Linio, Rocket Internet/Lazada) and Partner André Flórido (ex-Antler, devised Sogrape Ventures, co-founded Betmarkets).
INVESTMENT THESIS
Operational investor in Iberia: acquires stakes in established, profitable companies with clear customer value and strong teams, then works alongside founders to optimize, recapitalize and internationalize them.
INVESTMENT DETAILS
CONNECT
FREQUENTLY ASKED QUESTIONS
What stage does Altaz Capital invest at?
Altaz Capital invests at Growth stage.
What sectors does Altaz Capital invest in?
Altaz Capital focuses on Multi-sector, Consumer Brands.
Where is Altaz Capital based?
Altaz Capital is a PE / VC based in Lisbon, Portugal, founded in 2025.
Who are the partners at Altaz Capital?
Key people at Altaz Capital include Sérgio Massano (Managing Partner), André Flórido (Partner).
What companies has Altaz Capital invested in?
Altaz Capital's portfolio includes ISTO..
Can I invest in Altaz Capital's funds as an external investor?
Altaz Capital raises its funds from external investors (LPs). No open subscription window is publicly announced right now — prospective LPs are typically onboarded when the next fund is raised.
How do I contact or pitch Altaz Capital?
You can reach Altaz Capital via their website (altazcapital.com). You can also run your startup through Portugal VC's AI matcher to get a ranked shortlist of the investors that fit.