Bynd Venture Capital

    VC·Est. 2010
    70
    INVESTMENTS
    10
    EXITS
    €40M
    AUM

    ABOUT BYND VENTURE CAPITAL

    Bynd Venture Capital is a Lisbon-based VC founded in 2010 that invests across the Iberian Peninsula at pre-seed, seed, and Series A. It backs digital-native SaaS, sustainability, and healthtech companies with capital-light models, writing tickets of roughly €250K to €600K. Bynd has made 70+ investments since inception and in 2024 launched Fund III, a €40M vehicle backed by Fond-ICO and Caixa Capital, from which it has deployed around 15 investments including Pollen, Reveni, Equall, and Wio. Its wider portfolio spans notable Iberian names such as Colvin, Casafari, Defined.ai, Fraudio, Ukio, and Zenrows, with roughly 10 exits recorded to date. The firm is led by a partnership including Chairman and Partner Santiago Salazar alongside partners Lurdes Gramaxo, Francisco Ferreira Pinto, and Tomás Penaguião. Positioned as one of the most active investors by deal count for Iberian pre-seed and seed rounds, Bynd Venture Capital continues to deploy Fund III into early-stage founders building across Portugal and Spain.

    INVESTMENT THESIS

    Iberian-first early-stage investor. Backs digital-native SaaS, sustainability, and healthtech companies that can scale across the Iberian Peninsula. Prefers capital-light business models.

    INVESTMENT DETAILS

    AUM / FUND SIZE€40M
    FUND STATUSFund III (€40M, 2024), deploying
    OPEN TO LPsStructurally yes — between funds
    TICKET SIZE€250K–€600K
    STAGES
    Pre-SeedSeed
    SECTORS
    AISoftwareConsumerSustainability
    FOUNDED2010
    NOTES70+ investments, 10+ exits; Fund III (€40M, first close May 2024; Fond-ICO, Nors, Caixa Capital) targets ~40 investments over 4 years; angel vehicle since 2010, VC manager since 2015

    FREQUENTLY ASKED QUESTIONS

    What stage does Bynd Venture Capital invest at?

    Bynd Venture Capital invests at Pre-Seed, Seed stages.

    What is Bynd Venture Capital's typical ticket size?

    Bynd Venture Capital typically writes cheques of €250K–€600K.

    What sectors does Bynd Venture Capital invest in?

    Bynd Venture Capital focuses on AI, Software, Consumer, Sustainability.

    Where is Bynd Venture Capital based?

    Bynd Venture Capital is a VC based in Lisbon, Portugal, founded in 2010.

    Who are the partners at Bynd Venture Capital?

    Key people at Bynd Venture Capital include Santiago Salazar (Chairman & Partner), Lurdes Gramaxo (Partner), Francisco Ferreira Pinto (Partner), Tomás Penaguião (Partner).

    What companies has Bynd Venture Capital invested in?

    Bynd Venture Capital's portfolio includes Assimetria, Zenvi, Spacebackend, Pollen, Reach, AdCities, Wio, Kapia, among others.

    How much does Bynd Venture Capital manage?

    Bynd Venture Capital manages €40M in assets / fund commitments.

    Is Bynd Venture Capital actively investing?

    Fund III (€40M, 2024), deploying.

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

    Bynd Venture 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 Bynd Venture Capital?

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