FundBox

    VC·Est. 2004

    ABOUT FUNDBOX

    FundBox is a Lisbon- and Porto-based alternative investment manager founded in 2004 and regulated by the Bank of Portugal and CMVM, with approximately €600M in assets under management as of 31 December 2025, of which 75% sits in real estate funds and 25% in private equity funds. Since 2004 its professionals have raised more than €750M, executed around 780 transactions and paid out over €260M to investors; the firm currently manages 18 active funds, with private equity vintages launched in 2021, 2023, 2024 and 2025. On the venture side its Portugal Panorama fund invested €750,000 in biotech TEN63 Therapeutics, and its portfolio also includes Connected. The partners are CFO João Pereira do Carmo, Head of Shareholding Management Tânia Lopes, Chief Investment Officer for Real Estate Tiago Mattos Aguas, and Managing Director and Chief Legal Officer Tânia Marreiros Silva, supported by Rita Carles (CIO, Private Equity) and Catarina Miranda Gonçalves (CIO, Alternative Investments). This mix positions FundBox as primarily a property fund manager with a growing private equity and early-stage investment activity.

    INVESTMENT THESIS

    Pre-seed investor in space tech and IoT. Main business is real estate fund management.

    INVESTMENT DETAILS

    AUM / FUND SIZE€600M
    OPEN TO LPsStructurally yes — between funds
    STAGES
    Pre-Seed
    SECTORS
    Space TechIoT
    PORTFOLIO
    TEN63 TherapeuticsConnected ↗
    FOUNDED2004
    NOTESAlternative investment manager; ~75% of AUM in real estate funds, 25% in private equity funds (Dec 2025)

    TEAM

    João Pereira do Carmo
    Chief Financial Officer
    Tânia Lopes
    Head of Shareholding Management
    Tiago Mattos Aguas
    Chief Investment Officer, Real Estate
    Tânia Marreiros Silva
    Managing Director, Chief Legal Officer
    Rita Carles
    Chief Investment Officer, Private Equity
    Catarina Miranda Gonçalves
    Chief Investment Officer, Alternative Investments

    FREQUENTLY ASKED QUESTIONS

    What stage does FundBox invest at?

    FundBox invests at Pre-Seed stage.

    What sectors does FundBox invest in?

    FundBox focuses on Space Tech, IoT.

    Where is FundBox based?

    FundBox is a VC based in Lisbon, Portugal, founded in 2004.

    Who are the partners at FundBox?

    Key people at FundBox include João Pereira do Carmo (Chief Financial Officer), Tânia Lopes (Head of Shareholding Management), Tiago Mattos Aguas (Chief Investment Officer, Real Estate), Tânia Marreiros Silva (Managing Director, Chief Legal Officer).

    What companies has FundBox invested in?

    FundBox's portfolio includes TEN63 Therapeutics, Connected.

    How much does FundBox manage?

    FundBox manages €600M in assets / fund commitments.

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

    FundBox 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 FundBox?

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