Investment Firms in Lisbon, Portugal
Emerging as a significant European tech hub, the city benefits from a strong talent pipeline linked to its universities and a historical focus on web and mobile technologies. Its startup ecosystem is particularly noted for strengths in artificial intelligence, healthcare, and climate technology. The presence of established venture capital firms and a vibrant international community of entrepreneurs further defines its growing profile.
Lisbon, Portugal's investment landscape is shaped by Healthcare, with 57% of its 14 investment firms focused on this sector. The most active by portfolio size are Indico Capital Partners, Faber, and Lince Capital.
Healthcare dominates the investment landscape in Lisbon, with 57% of investment firms focused on this sector.
Lisbon is a particularly strong hub for early-stage investing, with over 93% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 20 October 2026
Investment Firms
14
Total Investments
303
Top Sector
Healthcare
Top Stage
Series A
Top Investment Sectors in Lisbon
The most popular sector focus among Lisbon investment firms is Healthcare, with 8 investment firms (57%) investing in the space. This is followed by AI (7), Fintech (6), Climate & Energy (6), SaaS (5).
Investment Stages in Lisbon
Lisbon investment firms are most active at the Series A stage (14 investment firms). This is followed by Seed (13), Series B (9), Pre-Seed (7), Growth (4).
Indico Capital Partners
Lisbon, Portugal
39 investments
Seed, Series A
AI, Enterprise Software, SaaS …
Faber
Lisbon, Portugal
33 investments
Seed, Series A
AI, Climate & Energy, Biotech & Life Sciences …
Lince Capital
Lisbon, Portugal
30 investments
Series A, Seed
Healthcare, Enterprise Software, SaaS …
Armilar
Lisbon, Portugal
30 investments
Seed, Series A
AI, Cybersecurity, Enterprise Software …
Mustard Seed Maze
Lisbon, Portugal
28 investments
Seed, Series A
Climate & Energy, Education, Healthcare …
Shilling
Lisbon, Portugal
25 investments
Seed, Series A
Fintech, Healthcare, Mobility & Transportation …
EDP Ventures
Lisbon, Portugal
25 investments
Series A, Seed
Climate & Energy, AI
Start Ventures
Lisbon, Portugal
22 investments
Seed, Series A
Fintech, Insurance, Cybersecurity
Bynd
Lisbon, Portugal
21 investments
Seed, Series A
AI, SaaS, Consumer …
Explorer Investments
Lisbon, Portugal
17 investments
Seed, Series A
Travel & Hospitality, Consumer, PropTech
Semapa Next
Lisbon, Portugal
14 investments
Series A, Series B
AI, Climate & Energy, Fintech …
Shapers
Lisbon, Portugal
8 investments
Seed, Series A
Fintech
Casper Ventures
Lisbon, Portugal
6 investments
Seed, Series B
AI, Food & Agriculture, Healthcare …
Oxy Capital
Lisbon, Portugal
5 investments
Series E, Series A
Manufacturing, Consumer, Healthcare …