Beta Capital

    VC·Est. 2003
    40
    INVESTMENTS
    14
    EXITS

    ABOUT BETA CAPITAL

    Beta Capital is one of Portugal's pioneer venture firms, founded in 2003 as one of the first true VC companies in the country and based in Porto. It invests in early-stage, technology-based companies — from MVP and proof-of-concept through scaling sales and teams globally — with tickets typically between €250K and €1M, and a track record concentrated in deep tech, biotech, life sciences, agri-food, and software. Its most recent vehicle is BETA BEAT I, a €20M pan-European deep-tech fund launched in February 2026. With more than 40 start-up investments over two decades, Beta Capital has backed Nutrium, PFx Biotech, The Loop Co., Vawlt, and Azitek, plus biotech and industrial names such as Stemmatters, Immunethep, Nuada, and Cell4Food; its exits include HeartGenetics and the founder-led management buy-out of hospitality-software company Nonius. The firm is led by Founder and Managing Partner Roberto Branco, with Co-Founder and Partner Carlos Rocha and partners Jorge Freitas Nunes and Francisco Pereira Branco, supported by Investment Director Bernardo Pequito and Venture Partner Mahir Sahin. As one of the longest-running VCs in the country, Beta Capital combines more than two decades of activity with a science-heavy portfolio spanning life sciences, cloud infrastructure, and connected-device technology.

    INVESTMENT THESIS

    Seed investor in deep tech, biotech, software, and communications. One of the longest-running VCs in Portugal.

    INVESTMENT DETAILS

    OPEN TO LPsStructurally yes — between funds
    TICKET SIZE€250K–€1M
    STAGES
    Seed
    SECTORS
    VoIPSoftwareWireless
    PORTFOLIO
    AmbilabEXITEDBiopremierEXITEDStemmattersBullet SolutionsNoniusEXITEDZen8 (Zwim)DeloxPFx Biotech ↗Cell4FoodLoop OSImmunethep ↗Nuada ↗Nutrium ↗AzitekThe Loop Co.GovWiseVawltHeartGeneticsACQUIRED
    FOUNDED2003
    NOTESPioneer Portuguese VC (founded 2003); deep tech/biotech focus; latest: BETA BEAT I fund (€20M, Feb 2026)

    FREQUENTLY ASKED QUESTIONS

    What stage does Beta Capital invest at?

    Beta Capital invests at Seed stage.

    What is Beta Capital's typical ticket size?

    Beta Capital typically writes cheques of €250K–€1M.

    What sectors does Beta Capital invest in?

    Beta Capital focuses on VoIP, Software, Wireless.

    Where is Beta Capital based?

    Beta Capital is a VC based in Porto, Portugal, founded in 2003.

    Who are the partners at Beta Capital?

    Key people at Beta Capital include Roberto Branco (Founder & Managing Partner), Carlos Rocha (Co-Founder & Partner), Jorge Freitas Nunes (Partner), Francisco Pereira Branco (Partner).

    What companies has Beta Capital invested in?

    Beta Capital's portfolio includes Ambilab, Biopremier, Stemmatters, Bullet Solutions, Nonius, Zen8 (Zwim), Delox, PFx Biotech, among others.

    Can I invest in Beta Capital's funds as an external investor?

    Beta 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 Beta Capital?

    You can reach Beta Capital via their website (betacapital.pt). You can also run your startup through Portugal VC's AI matcher to get a ranked shortlist of the investors that fit.