# Lightshift: portfolio, investments and team > Lightshift is a venture studio based in Portugal. 2 investments on record, 1 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/lightshift (Millionrounds; every figure on the page links to its filing or article) Portugal · [Investor](https://millionrounds.com/investors) # Lightshift Last cheque observed Mar 2026; 2 cheques on record. Email Venture studio Deploying now Pre-seed Seed Decentralized Blockchain Healthcare Follow Lightshift and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flightshift) Deploying now **100%** of best year **1** **cheques in 12 months**, 2 on record Since the last cheque **248** days **00** hrs **00** min **00** sec Median round **$4.8M** Rounds led **1 of 2** Sole investor **1 rounds** Pitch Lightshift ## Lightshift highlights - 01 1 cheques in the last 12 months - 02 Mostly Pre-seed and Seed: 100% of its rounds - 03 Sole investor in 1 rounds, median $3.0M ## What they do > Lightshift joins forces and invests in early-stage projects to co-build the open, decentralized future. From their own website - **Type:** Venture studio - **Cheque size:** Not stated - **Stages:** Pre-seed Seed - **Sectors:** Decentralized Blockchain Healthcare - **Based in:** Lisbon, Portugal - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **2 appearances** - **2026** 1 round - **Mar** **[Akave](https://millionrounds.com/company/akave)** Seed · US · TechStartups **$6.7M** With 8 others - **2025** 1 round - **Mar** **[Arda](https://millionrounds.com/company/arda)** Pre-seed · US · TechStartups **$3.0M** *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 **2 named** DN **David Nogueira** Managing Member i Form ADV SC **Simao Cruz** Managing Member i Form ADV We also hold **3** 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 **$25M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Lightshift Capital Management Limited - **SEC number:** CRD 323091 ## The cheque Pre-seed Seed Median round joined **$4.8M** the round, not its cheque Alone, median **$3.0M** Led 1 of 2 rounds **50%** - **Sole investor:** 1 rounds - **Last cheque:** Mar 2026 Rounds by stage said on their site - Pre-seed said *1* - Seed said *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Lightshift?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Lightshift put money into. [**Akave** $6.7M · Mar 2026](https://millionrounds.com/company/akave)[**Arda** $3.0M · Mar 2025](https://millionrounds.com/company/arda) ## Quick answers about Lightshift ### What does Lightshift invest in? Lightshift invests most often at Pre-seed and Seed (100% of the rounds on record), in sectors such as Decentralized, Blockchain and Healthcare. ### How active is Lightshift? 2 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Mar 2026. ### What has Lightshift invested in recently? Its most recent investments on record: Akave (Seed, Mar 2026) and Arda (Pre-seed, Mar 2025). ### How big are Lightshift's cheques? The median round it joins is $4.8M. ### Is Lightshift investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Lightshift? Lightshift is a venture studio based in Lisbon, Portugal. ### How much does Lightshift manage? About $25M, as gross assets of its private funds (Oct 2026). ### When was Lightshift founded? Lightshift was founded in 2021. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=lightshift) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lightshift)