Investor Lists

Investors based in Portugal

Updated 7 November 2026

Firms headquartered in Portugal, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Portugal.

See all 399 →The top 25
399investors on the listNo change this week
93cheques in 12 months-25% against the market
$5.6Mmedian round they joined-30% against the market median
6%wrote a cheque in 12 months
3%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (17)

  1. 1Venture CatalystsDeploying nowVC firm · Portugal210$1.4Mmedian roundJun 2026last seen
  2. 2Portugal VenturesDeploying nowVC firm · Portugal137$1.4Mmedian roundApr 2026last seen
  3. 3FaberDeploying nowVC firm · Portugal59$3.7Mmedian roundNov 2026last seen
  4. 4Shilling VCDeploying nowVC firm · Portugal56$4.4Mmedian roundSept 2026last seen
  5. 5Indico Capital PartnersDeploying nowAccelerator · Portugal51$5.1Mmedian roundNov 2026last seen
  6. 6Bynd Venture CapitalDeploying nowVC firm · Portugal44$3.5Mmedian roundOct 2026last seen
  7. 7LINCE CAPITALDeploying nowVC firm · Portugal34$4.7Mmedian roundOct 2026last seen
  8. 8Armilar Venture PartnersDeploying nowVC firm · Portugal31$3.9Mmedian roundSept 2026last seen
  9. 9Caixa CapitalDeploying nowCorporate VC · Portugal28$24Mmedian roundOct 2026last seen
  10. 10Bright PixelDeploying nowCorporate VC · Portugal10$19Mmedian roundSept 2026last seen
  11. 11EDP VenturesquietCorporate VC · Portugal7$12Mmedian roundAug 2025last seen
  12. 12ChangePartnersquietVC firm · Portugal6$1.6Mmedian roundMar 2015last seen
  13. 13Iberis CapitalDeploying nowVC firm · Portugal6$43Mmedian roundOct 2026last seen
  14. 14ShapersDeploying nowVC firm · Portugal5$17Mmedian roundOct 2026last seen
  15. 15Busy AngelsquietVC firm · Portugal5$6.5Mmedian roundJul 2019last seen
  16. 16Accent CapitalquietInvestment firm · Portugal3$2.5Mmedian roundJul 2006last seen
  17. 17Biovance CapitalDeploying nowVC firm · Portugal3$9.6Mmedian roundSept 2026last seen
  18. 18SonaeDeploying nowInvestment firm · Portugal3$65Mmedian roundJun 2026last seen
  19. 19Novabase CapitalquietVC firm · Portugal3$3Mmedian roundDec 2019last seen
  20. 20PME InvestimentosquietFund of funds · Portugal3$55Mmedian roundFeb 2016last seen
  21. 2133N VenturesDeploying nowVC firm · Portugal2$140Mmedian roundOct 2026last seen
  22. 22Alea Capital PartnersDeploying nowPrivate equity · Portugal2$5Mmedian roundMay 2026last seen
  23. 23BrainTrustquietAngel network · Portugal2$225Kmedian roundMar 2015last seen
  24. 24DRXquietGrowth equity · Portugal2$40Mmedian roundJun 2017last seen
  25. 25Explorer InvestmentsDeploying nowPrivate equity · Portugal2$4.8Mmedian roundJan 2026last seen
374 more on this list

All 399 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

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Quick answers about investors based in Portugal

Who are the most active investors based in Portugal?

By cheques observed, the most active are Venture Catalysts, Portugal Ventures, Faber, Shilling VC and Indico Capital Partners.

How many investors based in Portugal are there?

399 are on record. 6% made an investment in the last 12 months and 3% have led a round.

Which stages do investors based in Portugal back?

Of the rounds with a named stage in the last 12 months, mostly Seed (39%) and Series A (23%).

How big are the rounds investors based in Portugal join?

The typical (median) round among the leading investors here is $5M.

Which sectors do investors based in Portugal back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

Which investors based in Portugal lead the most rounds?

Indico Capital Partners (4 led), Biovance Capital (3 led) and Armilar Venture Partners (2 led).

What have investors based in Portugal 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 Portugal 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 · Report a correction