Bright Pixel Capital
ABOUT BRIGHT PIXEL CAPITAL
Bright Pixel Capital is the corporate venture arm of the Sonae group, one of Portugal's largest conglomerates, based in Maia near Porto and founded in 2015 (formerly Sonae IM). Managing around €300M, Bright Pixel Capital invests €1M–€10M at Seed, Series A, and Series B across cybersecurity, retail technology, and infrastructure software, giving portfolio companies access to Sonae's enterprise customers and distribution network. Its portfolio spans notable names including Arctic Wolf, Feedzai, OutSystems, Codacy, Encord, Vicarius, Infraspeak, HiveMQ, Sekoia.io, and BRIJ, alongside cybersecurity holdings such as Mesh Security, Tidal Cyber, Knostic, and Tamnoon. The firm has recorded roughly 70 investments and several exits across its history, and it remains actively deploying in 2025. The team is led by João Günther Amaral, Managing Partner and CEO, with Manuel Queiroz directing retail investments and Fernando Martins and Marcos Osório serving as directors on the cybersecurity side, reflecting the firm's dual focus on security and retail-facing software.
INVESTMENT THESIS
Corporate VC backed by Sonae's retail and tech operations. Invests in cybersecurity, retail technology, and infrastructure software. Portfolio companies get access to Sonae's enterprise customers and distribution network.
INVESTMENT DETAILS
TEAM
FREQUENTLY ASKED QUESTIONS
What stage does Bright Pixel Capital invest at?
Bright Pixel Capital invests at Seed, Series A, Series B stages.
What is Bright Pixel Capital's typical ticket size?
Bright Pixel Capital typically writes cheques of €1M–€10M.
What sectors does Bright Pixel Capital invest in?
Bright Pixel Capital focuses on Cybersecurity, Retail Tech, Infrastructure Software.
Where is Bright Pixel Capital based?
Bright Pixel Capital is a CVC based in Maia (Porto), Portugal, founded in 2015.
Who are the partners at Bright Pixel Capital?
Key people at Bright Pixel Capital include João Günther Amaral (Managing Partner & CEO), Manuel Queiroz (Director, Retail), Fernando Martins (Director, Cyber), Marcos Osório (Director, Cyber).
What companies has Bright Pixel Capital invested in?
Bright Pixel Capital's portfolio includes THEKER, Encord, Mesh Security, Infinipoint, Ona, Second Nature, HiveMQ, Tidal Cyber, among others.
How much does Bright Pixel Capital manage?
Bright Pixel Capital manages €300M in assets / fund commitments.
Is Bright Pixel Capital actively investing?
Actively deploying (2025).
How do I contact or pitch Bright Pixel Capital?
You can reach Bright Pixel Capital via their website (brpx.com). You can also submit your startup through Portugal VC's pitch tool to be forwarded to matching investors.