# Explorer Investments: portfolio, investments and team

> Explorer Investments is a private equity based in Portugal. 2 investments on record, 1 in the last 12 months, latest Jan 2026.

Source: https://millionrounds.com/fund/explorer (Millionrounds; every figure on the page links to its filing or article)

Portugal · [Investor](https://millionrounds.com/investors)

# Explorer Investments

Last cheque observed Jan 2026; 2 cheques on record.

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Private equity Deploying now New fund $31M, Feb 2026

Growth Buyout Hospitality

Follow Explorer Investments and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fexplorer)

Deploying now

**50%** of best year **1** **cheques in 12 months**, 2 on record

Since the last cheque **304** days **00** hrs **00** min **00** sec

Median round **$4.8M** Rounds led **1 of 2**

Pitch Explorer Investments

## Explorer Investments highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Pre-seed and Series A: 100% of its rounds
- 03 Led 1 rounds

## What they do

> Explorer is Portugal’s leading independent alternatives fund manager... across three key strategies: BUYOUTS GROWTH HOSPITALITY From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout
- **Sectors:** Hospitality
- **Based in:** Lisbon, Portugal
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 1 round
- **Jan** **[Luca](https://millionrounds.com/company/luca)** Series A · MX · LatamList **$8.0M** With 3 others
- **2025** 1 round
- **May** **[Litehaus](https://millionrounds.com/company/litehaus)** Pre-seed · PT · TechCrunch **$1.7M** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

EM **Edwin Machingambi** Director i Filing they signed

HH **Hari Hariharan** Director i Filing they signed

MB **M.F. B. Gillooly** Director i Filing they signed

We also hold **29** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**27+** funds on file numbered funds in its name

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 8 we have independently watched raise

[Portal](https://millionrounds.com/company/portal) Coeos Digital, Lda Unpri Wagtails apcr bcsd cmvm invest_europe

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$31M**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Buyout

Median round joined **$4.8M** the round, not its cheque

Led 1 of 2 rounds **50%**

- **Sole investor:** Never alone
- **Last cheque:** Jan 2026

Rounds by stage said on their site

- Pre-seed *1*
- Series A *1*
- Growth said *-*
- Buyout said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

**Pitching Explorer Investments?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Recently backed

The latest companies Explorer Investments put money into.

[**Litehaus** $1.7M · May 2025](https://millionrounds.com/company/litehaus)

## Quick answers about Explorer Investments

### What does Explorer Investments invest in?

Explorer Investments invests most often at Pre-seed and Series A (100% of the rounds on record), in sectors such as Hospitality.

### How active is Explorer Investments?

2 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jan 2026.

### What has Explorer Investments invested in recently?

Its most recent investments on record: Luca (Series A, Jan 2026) and Litehaus (Pre-seed, May 2025).

### How big are Explorer Investments's cheques?

The median round it joins is $4.8M.

### Is Explorer Investments investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Explorer Investments?

Explorer Investments is a private equity firm based in Lisbon, Portugal.

### Has Explorer Investments raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $31M raised.

### When was Explorer Investments founded?

Explorer Investments was founded in 2003.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=explorer) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=explorer)
