30 Best Active Investors in Lisbon in 2024

Heartcore

https://heartcore.com

Heartcore is a venture capital fund based in Copenhagen. They invest in startups at stages ranging from pre-seed to series F, with check sizes between $300,000 and $6 million. Heartcore focuses on industries including tech, health, real estate, finance, and entertainment. Their portfolio includes FlexAI, Zefir, Travel Perk, Podimo, and Taster. They aim to support founders in creating impactful consumer-focused brands, helping driven entrepreneurs turn their ideas into successful businesses.

Explorer Investments

https://explorerinvestments.com

Explorer Investments, based in Lisbon, is a venture capital fund specializing in Health Tech companies at the Series A stage. Founded in 2003, it is Portugal's leading private equity firm, managing around €1,400 million in assets. With a team of over 30 professionals from investment banking, consulting, and legal backgrounds, Explorer has established strong relationships with local businesses and financial entities. The fund aims to create value for investors and contribute positively to the community and environment by supporting the growth and sustainability of its portfolio companies, including UpHill.

Indico Blue Fund

https://indicocapital.com

Indico Blue Fund is a venture capital fund based in Lisbon. It invests in early-stage companies from pre-seed to Series C, with check sizes between $100,000 and $10 million. The fund focuses on sectors such as climate tech, ecommerce, sales, manufacturing, hiring, logistics, IoT, insuretech, and service industries. Indico Blue has backed companies like Bizay, Cargofive, FlexSea, Eleos, and Nortech AI. Founded in 2017, the Indico team has a strong track record of supporting global tech success.

MSM

https://msm.vc

MSM is a venture capital fund based in Lisbon. It invests in early-stage European companies, particularly in insurance technology, health tech, and fashion. MSM targets seed, pre-seed, and series A stages, with investments ranging from $250k to $5M. They have funded companies like UpHill, Yurtle, and Sojo. MSM aims to support businesses that can make a positive impact, helping them grow and succeed in their respective fields.

Semapa Next

https://semapanext.com

Semapa Next is a company founded in 2017.

Semapa Next

https://semapanext.com/

Semapa Next is a company founded in 2017.

Big Start Ventures

https://bigstart.vc

Big Start Ventures is a venture capital fund based in Lisbon, focusing on startups from seed to series A stages. They invest in finance technology, mobile apps, artificial intelligence, and business software. Notable investments include WealthKernel, Countingup, Fraudio, Elucidate, and LOQR. Big Start Ventures aims to help early-stage companies grow and succeed by providing necessary funding and support.

Bynd Venture Capital

https://bynd.vc

Bynd Venture Capital is a leading venture capital fund in Lisbon that supports early-stage tech companies in Iberia. They focus on seed and pre-seed stages, with investments ranging from €200,000 to €300,000. Key sectors include real estate, e-commerce, fintech, and health tech. Notable investments include UpHill, Ritmo, Frenetic, Ukio, and ZenRows.

CTT

https://ctt.pt

CTT is a venture capital fund based in Lisbon, focused on seed-stage investments in fintech and transportation. They have backed startups like Paynest and Ubirider. CTT aims to support businesses with solutions in mailing, logistics, e-commerce, and digital services, providing tailored offerings for both businesses and individuals.

Armilar Venture Partners

https://armilar.com

Armilar Venture Partners is a Lisbon-based venture capital company founded in 1999.

3 Comma Capital

https://3commacapital.com

3 Comma Capital is a Lisbon-based venture capital fund founded in 2022. They focus on seed-stage investments in media, entertainment, sales, and marketing sectors. The fund emphasizes digital assets' potential in future markets, supporting wealth management firms, family offices, and institutional investors in the Web 3.0 space. Notable investments include Scorestars, aiming to drive growth through digital and blockchain technologies.

Alter Venture Partners

https://altervp.com

Alter Venture Partners is a venture capital fund based in Luxembourg that invests in early-stage companies, particularly in artificial intelligence. Typically writing checks ranging from $250k to $5M, the fund supports AI-driven startups like Everysens, aiming to provide the financial backing needed for growth.

Bright Pixel

https://brpx.com

Bright Pixel, a venture capital fund based in Lisbon, focuses on early and growth-stage tech companies. They invest in cybersecurity, personal finance, artificial intelligence, machine learning, and more. Bright Pixel supports entrepreneurs with financial backing and strategic advice. Their portfolio includes Jentis, Probely, Codacy, MedUx, and Infraspeak. The fund aims to drive the future of work and technology by partnering with innovative thinkers and building impactful companies.

hypra.fund

https://hypra.fund

hypra.fund, based in Lisbon, invests in early-stage startups, particularly in seed and Series A rounds. They focus on the crypto, fintech, and enterprise software sectors, offering check sizes from $0 to $10 million. Notable investments include Utorg and Trinetix, highlighting their commitment to supporting web3 projects.

Best Horizon

https://besthorizon.pt

Best Horizon is a venture capital fund based in Lisbon, focusing on early-stage startups in technology and audio. They offer financing, mentoring, and valuable connections. Notable investments include KIT-AR and Musiversal. Best Horizon is dedicated to helping startups succeed by providing essential resources.

Portugal Ventures

https://portugalventures.pt

Portugal Ventures is a venture capital fund based in Porto, specializing in early-stage startups. They focus on tech, life sciences, and tourism, particularly in areas such as privacy, security, and health tech. Investment sizes range from €50,000 to €1,500,000. Portugal Ventures has backed companies like Probely and Lovys. Their goal is to help Portuguese startups grow and succeed by providing essential capital and support at crucial early stages.

Faber Ventures

https://faber.vc

Faber Ventures, based in Lisbon, invests in early-stage tech startups from pre-seed to Series B, with check sizes from $100,000 to $1.5 million. Focus areas include biotech, AI, and climate tech. Faber supports entrepreneurs leveraging science and technology for significant impacts. With dedicated funds, expert teams, and advisors, they help founders grow globally. Since 2013, Faber has backed numerous successful firms, promoting digital and climate transformation.

GED Ventures Portugal

https://gedventures.pt

GED Ventures Portugal is a venture capital fund based in Lisbon, focusing on seed-stage tech companies with transformative potential. They have invested in firms like WEEZIE, Full Venue, and LUGGit in fields such as AI and travel tech. Their mission, encapsulated in #Tech4Purpose, is to support sustainable technologies that create lasting positive impact. Founded in 1996, GED manages over €1000 million and operates across Europe, the US, and LATAM. They adhere to ESG best practices to ensure reliable returns.

RR² CAPITAL

https://rr2.capital

RR² CAPITAL is a venture capital fund based in Lisbon that supports early-stage companies. They focus on data and business intelligence, as well as crypto and web3 technologies. The fund invests in promising startups like Whalemap, providing essential financing to help these companies grow and succeed.

FundBox

https://fundbox.pt

FundBox is a venture capital fund based in Lisbon, focusing on early-stage investments in Space Tech and the Internet of Things. They typically invest at the pre-seed stage, offering clear and transparent investment processes with no conflicts of interest. Regulated by the Comissão do Mercado de Valores Mobiliários, FundBox comprises Fundbox SGOIC, S.A., and Fundbox SCR, S.A., both Portuguese legal entities. Notable investments include Connected. FundBox provides a distinct alternative for venture capital in Portugal.

Olisipo Way

https://olisipoway.com

Olisipo Way is a venture capital fund based in Lisbon, focused on pre-seed investments in Sales and Marketing, Adtech, and Productivity Tools. With investment sizes ranging from $250k to $5M, they have backed companies such as Checkfirst and Advertio. Specializing in B2B projects, Olisipo Way aims to build a supportive community to enhance the lives of its startups.

Bionova Capital

https://bionovacapital.com

Bionova Capital is a venture capital fund based in Lisbon, focusing on early-stage health-related technology startups in Europe. They support companies developing breakthrough solutions in healthcare and deep technology. Notable investment includes Adapttech.

Rising Ventures

https://risingventures.pt

Rising Ventures, a venture capital fund based in Lisbon, specializes in pre-seed investments in Sales and Marketing and Adtech industries. They support early-stage technology companies that primarily use the internet for distribution. Notable investments include advertio.

H.I. Capital

https://hicapital.co

H.I. Capital is a venture capital fund located in Zug. It invests across various stages of company growth and offers support through a robust network and services. The fund caters to entrepreneurs seeking investment and guidance, with flexible check sizes. With a focus on diverse industries, H.I. Capital has a track record of successful investments and aims to help businesses reach their full potential.

Lightshift Capital

https://lightshift.capital

Lightshift Capital, based in Lisbon, is a venture capital fund that focuses on early-stage investments in blockchain, crypto, and web3 projects. They typically invest between $500,000 and $10,000,000. Their portfolio includes various tech companies, aiming to support projects shaping the future of finance and the internet.

MAZE

https://maze-impact.com

MAZE is a venture capital fund based in Lisbon that invests in early-stage companies addressing social and environmental challenges. It partners with startups across various industries, providing tailored funding to support their growth. By closely collaborating with impact-driven ventures, MAZE aims to scale solutions that tackle pressing global issues.

Startup Lisboa

https://startuplisboa.com

Startup Lisboa, founded in 2012 by the Lisbon Municipality, Montepio Bank, and IAPMEI, is an incubation program in downtown Lisbon. This non-profit association provides physical and virtual support, including office space, mentoring, and connections to partners. It also offers funding opportunities and networking events. Supporting new businesses across various industries, Startup Lisboa is recognized as a key player in the local startup scene with a strong community focused on knowledge sharing and collaboration.