Portugal · Investor

Indico Capital Partners

Last cheque observed Oct 2026; 50 cheques on record.

Deploying nowAccelerator

Pre-seedSeedSeries ASaaSAIDeeptech

Deploying now
53%of best year8cheques in 12 months, 50 on record
Since the last cheque8days00hrs00min00sec
Median round$5.1MCheque size, as they say$110K – $11MRounds led3 of 50Sole investor6 roundsMostly inPortugal, 50%
Pitch Indico Capital Partners

Indico Capital Partners highlights

  1. 01

    8 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 64% of its rounds

  3. 03

    Sole investor in 6 rounds, median $3.6M

What they do

We invest in the most globally promising Portuguese, Spanish and Italian related companiesFrom their own website
Type
Accelerator (from a list, unverified)
Cheque size
$110K – $11M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
SaaSAIDeeptech
Based in
Lisbon, Portugal
Cold pitches
Accepted

The record

Every round we can evidence, newest first50 appearances

  1. 2026

    6 rounds

  2. Oct
    Beyond VisionSeries A · PT · Google News search$31MLed
  3. Jul
    CascadeSeed · US · TechCrunch$3.5MWith 3 others
  4. Jul
    BIZAYSeries D · PT$56MWith 3 others
  5. Jun
    FOSSA SystemsVenture · ESUndisclosedWith 2 others
  6. Jan
    PreplySeries D · US · Cogito Capital Partners$150MWith 7 others
  7. Jan
    Dealroom.coVenture · GB$6.9MWith 2 others
  8. 2025

    13 rounds

  9. Dec
    PandaDocTechStartups$5.9MWith 3 others
  10. Dec
    SpotliteSeed · PT$4.1MWith 2 others
  11. Oct
    WSENSESeries B · IT$12MWith 3 others
  12. Oct
    MembrionSeries B · US$20MWith 2 others
  13. Sept
    WorkfullySeed · ES$4.7MWith 2 others
  14. Sept
    NutriumSeries A · PT$12MWith 2 others
  15. Jul
    Gazelle Wind PowerVenture · IE$1.7MWith 2 others
  16. Jul
    LyzerSeries A · PT$12MWith 2 others
  17. Jun
    Sword HealthPT · Firms' own news pages$40MWith 11 others
  18. May
    Indie CampersVenture · PT$31MWith 1 other
  19. May
    OSCARSeed · PT$6.8MWith 2 others
  20. Feb
    SEAentiaVenture · PT$17MSole investor
  21. Feb
    ReliveSeries A · US$5.5MWith 3 others
  22. 2024

    11 rounds

  23. Dec
    ArboreaVenture · GB$5.2MWith 3 others
  24. Oct
    InfraspeakSeries B · PT · TechCrunch$20MWith 6 others
  25. Sept
    Conexa SaudeVenture · BRUndisclosedWith 4 others
  26. Aug
    FRVRVenture · GB$13MWith 2 others
  27. Jul
    Oceano FrescoVenture · PT$18MSole investor
  28. Jun
  29. May
    HerculesAISeries B · US$26MWith 5 others
  30. May
    EleosSeed · GB$4.1MWith 4 others
  31. May
    RowsVenture · DE$8.6MWith 3 others
  32. Mar
    CargofiveSeed · PT$2.7MWith 3 others
  33. Jan
    PrimetagVenture · PT$3.8MSole investor
  34. 2023

    5 rounds

  35. Oct
    Nortech AISeed · PT$2.7MWith 1 other
  36. Oct
    FlexSeaGrant · GB$1.6MWith 2 others
  37. Jul
    Bam & BooSeed · PT$500KWith 1 other
  38. Jun
    BildiaES$652KWith 2 others
  39. Feb
    IttinsectPre-seed · IT$668KWith 3 others
  40. 2022

    7 rounds

  41. Dec
    Data4DealsPre-seed · PT$1.1MWith 1 other
  42. Dec
    Framedrop.aiPre-seed · PT$1.2MWith 1 other
  43. Dec
    BioMimetxSeed · PT$533KWith 1 other
  44. Dec
    Inclita SeaweedSeed · PT$3.4MSole investor
  45. Dec
    IttinsectSeed$640KWith 1 other

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

We hold 7 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 they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

Web3

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.

Who they invest alongside

The investors most often in the same rounds as Indico Capital Partners. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Indico Capital Partners put money into.

Mentioned on podcasts

Episodes that name Indico Capital Partners in their description, not their title.

Quick answers about Indico Capital Partners

What does Indico Capital Partners invest in?

Indico Capital Partners invests most often at Seed and Venture (64% of the rounds on record), in sectors such as SaaS, AI and Deeptech.

How active is Indico Capital Partners?

50 investments on record, 8 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

What has Indico Capital Partners invested in recently?

Its most recent investments on record: Beyond Vision (Series A, Oct 2026), Cascade (Seed, Jul 2026) and BIZAY (Series D, Jul 2026).

How big are Indico Capital Partners's cheques?

The median round it joins is $5.1M. It says it writes cheques of $110K to $11M.

Does Indico Capital Partners lead rounds?

Sometimes: it led 3 of its 50 investments on record (6%).

Where does Indico Capital Partners invest?

Most of the companies it backs are in Portugal (50%), the United States (13%) and the United Kingdom (13%).

Is Indico Capital Partners investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

Who does Indico Capital Partners invest alongside?

Most often LINCE CAPITAL (9 rounds together), Shilling VC (9 rounds together) and Portugal Ventures (6 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it