# Investors based in Lisbon (2026 list) > 210 investors based in Lisbon, 9% active in the last 12 months. Led by Faber, Shilling VC, Indico Capital Partners. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-lisbon (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Lisbon Updated 7 November 2026 Firms with an address in Lisbon. A head office is a fact about the firm; where it invests is on its own page. [See all 210 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-lisbon)The top 25 **210** investors on the list No change this week **63** cheques in 12 months *-7%* against the market **$5.5M** median round they joined *-31%* against the market median **9%** wrote a cheque in 12 months **5%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Faber](https://millionrounds.com/fund/faber) *Deploying now* VC firm · Portugal **59** **$3.7M** median round **Nov 2026** last seen - 2 [Shilling VC](https://millionrounds.com/fund/shilling) *Deploying now* VC firm · Portugal **56** **$4.4M** median round **Sept 2026** last seen - 3 [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) *Deploying now* Accelerator · Portugal **51** **$5.1M** median round **Nov 2026** last seen - 4 [Bynd Venture Capital](https://millionrounds.com/fund/bynd-venture-capital) *Deploying now* VC firm · Portugal **44** **$3.5M** median round **Oct 2026** last seen - 5 [LINCE CAPITAL](https://millionrounds.com/fund/lince-capital) *Deploying now* VC firm · Portugal **34** **$4.7M** median round **Oct 2026** last seen - 6 [Armilar Venture Partners](https://millionrounds.com/fund/armilar) *Deploying now* VC firm · Portugal **31** **$3.9M** median round **Sept 2026** last seen - 7 [Caixa Capital](https://millionrounds.com/fund/caixa-capital) *Deploying now* Corporate VC · Portugal **28** **$24M** median round **Oct 2026** last seen - 8 [EDP Ventures](https://millionrounds.com/fund/edp-ventures) quiet Corporate VC · Portugal **7** **$12M** median round **Aug 2025** last seen - 9 [Iberis Capital](https://millionrounds.com/fund/iberis-capital) *Deploying now* VC firm · Portugal **6** **$43M** median round **Oct 2026** last seen - 10 [Shapers](https://millionrounds.com/fund/shapers) *Deploying now* VC firm · Portugal **5** **$17M** median round **Oct 2026** last seen - 11 [Biovance Capital](https://millionrounds.com/fund/biovance-capital) *Deploying now* VC firm · Portugal **3** **$9.6M** median round **Sept 2026** last seen - 12 [Alea Capital Partners](https://millionrounds.com/fund/alea-capital-partners) *Deploying now* Private equity · Portugal **2** **$5M** median round **May 2026** last seen - 13 [August One](https://millionrounds.com/fund/august-one) *Deploying now* Family office · Singapore **2** **$3.6M** median round **Oct 2026** last seen - 14 [BrainTrust](https://millionrounds.com/fund/braintrust-sgps) quiet Angel network · Portugal **2** **$225K** median round **Mar 2015** last seen - 15 [Explorer Investments](https://millionrounds.com/fund/explorer) *Deploying now* Private equity · Portugal **2** **$4.8M** median round **Jan 2026** last seen - 16 [Lightshift](https://millionrounds.com/fund/lightshift) *Deploying now* Venture studio · Portugal **2** **$4.8M** median round **Mar 2026** last seen - 17 [Semapa Next](https://millionrounds.com/fund/semapa-next) *Deploying now* VC firm · Portugal **2** **$35M** median round **Jun 2026** last seen - 18 [Valutia](https://millionrounds.com/fund/valutia) quiet VC firm · Portugal **2** **$23M** median round **Feb 2025** last seen - 19 [3xP Global](https://millionrounds.com/fund/3xp-global) *Deploying now* Private equity · Portugal **1** **-** median round **Nov 2026** last seen - 20 [ActiveCap](https://millionrounds.com/fund/activecap-capital-partners-scr-s-a) *Deploying now* Private equity · Portugal **1** **$31M** median round **Oct 2026** last seen - 21 [AngelsWay](https://millionrounds.com/fund/angelsway) *Deploying now* Angel network · Portugal **1** **-** median round **Oct 2026** last seen - 22 [Best Horizon](https://millionrounds.com/fund/best-horizon) quiet VC firm · Portugal **1** **$2.1M** median round **Jun 2022** last seen - 23 [COREangels Atlantic](https://millionrounds.com/fund/coreangels) quiet VC firm · Portugal **1** **$5.4M** median round **-** last seen - 24 [Cedrus Capital](https://millionrounds.com/fund/cedrus-capital) quiet Private equity · Portugal **1** **$74M** median round **Nov 2024** last seen - 25 [Celtis Venture Partners](https://millionrounds.com/fund/celtis-venture-partners) *Deploying now* Private equity · Portugal **1** **-** median round **Nov 2026** last seen **185 more on this list** All 210 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-lisbon) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Bizay](https://millionrounds.com/company/bizay)** Series D+ *Led by* [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) - **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *With* [Faber](https://millionrounds.com/fund/faber) - **3** Nov **[Granter](https://millionrounds.com/company/granter)** Seed *Led by* [3xP Global](https://millionrounds.com/fund/3xp-global) - **3** Nov **[Quint](https://millionrounds.com/company/quint)** Seed · $10M *With* [Faber](https://millionrounds.com/fund/faber) - **29** Oct **[Ravical](https://millionrounds.com/company/ravical)** Seed · $17M *With* [Shapers](https://millionrounds.com/fund/shapers) - **28** Oct **[Artiso](https://millionrounds.com/company/artiso)** Pre-seed · $3.4M *With* [Bynd Venture Capital](https://millionrounds.com/fund/bynd-venture-capital) ## Stages This Year 55 rounds - Seed **42%** - Series A **18%** - Venture **9%** - Series D+ **7%** - Pre-seed **5%** - Other **18%** ## What They Backed Sectors, last 12 months - AI **23** - Biotech **5** - Hardware & Electronics **4** - Aerospace & Space **4** - Financial Services **4** - Healthcare **4** ## Cheques by Quarter Led Joined 20 Q1 25 16 Q2 25 26 Q3 25 16 Q4 25 12 Q1 26 13 Q2 26 11 Q3 26 15 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Lisbon ### Who are the most active investors based in Lisbon? By cheques observed, the most active are Faber, Shilling VC, Indico Capital Partners, Bynd Venture Capital and LINCE CAPITAL. ### How many investors based in Lisbon are there? 210 are on record. 9% made an investment in the last 12 months and 5% have led a round. ### Which stages do investors based in Lisbon back? Of the rounds with a named stage in the last 12 months, mostly Seed (48%) and Series A (21%). ### How big are the rounds investors based in Lisbon join? The typical (median) round among the leading investors here is $5.1M. ### Which sectors do investors based in Lisbon back most? In the last 12 months, mostly AI, Biotech and Hardware & Electronics. ### Which investors based in Lisbon lead the most rounds? Indico Capital Partners (4 led), Biovance Capital (3 led) and Armilar Venture Partners (2 led). ### What have investors based in Lisbon invested in recently? Recent rounds include Bizay (Series D+, Nov 2026, with Indico Capital Partners), Quint Computing (Series A, Nov 2026, with Faber) and Granter (Seed, Nov 2026, with 3xP Global). ### How is this list of investors based in Lisbon ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)