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 AI, with 54% of its 13 investment firms focused on this sector. The most active by portfolio size are Indico Capital Partners, Faber, and Lince Capital.
AI dominates the investment landscape in Lisbon, with 54% of investment firms focused on this sector.
Lisbon is a particularly strong hub for early-stage investing, with over 100% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 9 September 2026
Investment Firms
13
Total Investments
242
Top Sector
AI
Top Stage
Seed
Top Investment Sectors in Lisbon
The most popular sector focus among Lisbon investment firms is AI, with 7 investment firms (54%) investing in the space. This is followed by Healthcare (7), Fintech (6), SaaS (5), Climate & Energy (5).
Investment Stages in Lisbon
Lisbon investment firms are most active at the Seed stage (13 investment firms). This is followed by Series A (13), Series B (11), Pre-Seed (8), Growth (3).
Indico Capital Partners
Lisbon, Portugal
34 investments
Seed, Series A
AI, Enterprise Software, SaaS …
Faber
Lisbon, Portugal
30 investments
Seed, Series A
AI, Climate & Energy, Biotech & Life Sciences …
Lince Capital
Lisbon, Portugal
28 investments
Seed, Series A
Healthcare, Enterprise Software, SaaS …
Armilar
Lisbon, Portugal
25 investments
Series A, Seed
AI, Cybersecurity, Enterprise Software …
Mustard Seed Maze
Lisbon, Portugal
22 investments
Seed, Series A
Climate & Energy, Education, Healthcare …
EDP Ventures
Lisbon, Portugal
20 investments
Series A, Seed
Climate & Energy, AI
Shilling
Lisbon, Portugal
19 investments
Seed, Series A
Fintech, Healthcare, Mobility & Transportation …
Bynd
Lisbon, Portugal
18 investments
Seed, Series A
AI, SaaS, Consumer …
Explorer Investments
Lisbon, Portugal
12 investments
Seed, Series A
Travel & Hospitality, Consumer, PropTech
Semapa Next
Lisbon, Portugal
11 investments
Series A, Series B
AI, Climate & Energy, Fintech …
Start Ventures
Lisbon, Portugal
10 investments
Seed, Series B
Fintech, Insurance, Cybersecurity
Shapers
Lisbon, Portugal
7 investments
Seed, Series A
Fintech
Casper Ventures
Lisbon, Portugal
6 investments
Seed, Series B
AI, Food & Agriculture, Healthcare …