Investment Firms in Portugal
The ecosystem is anchored by Lisbon's vibrant startup scene and strong university research hubs in Porto and Coimbra, with a historical focus on fostering technology transfer. Government initiatives like Startup Portugal and tax incentives for investors have been instrumental in cultivating a growing venture capital landscape. This has supported the rise of notable activity in sectors such as artificial intelligence, health tech, and clean energy.
Investment activity in Portugal is heavily concentrated in Lisbon, which accounts for 78% of the country's 18 investment firms. Other hubs include Maia and Porto.
Healthcare dominates the investment landscape in Portugal, with 50% of investment firms focused on this sector.
Portugal is a particularly strong hub for early-stage investing, with over 94% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 20 October 2026
Investment Firms
18
Total Investments
414
Top Sector
Healthcare
Top Stage
Seed
Top Investment Sectors in Portugal
The most popular sector focus among Portugal investment firms is Healthcare, with 9 investment firms (50%) investing in the space. This is followed by AI (7), Cybersecurity (6), SaaS (6), Fintech (6).
Investment Stages in Portugal
Portugal investment firms are most active at the Series A stage (18 investment firms). This is followed by Seed (17), Series B (13), Pre-Seed (8), Growth (4).
Browse by City
All Investment Firms (18)
Bright Pixel Capital
Maia, Portugal
52 investments
Series A, Series B
Cybersecurity, Infrastructure & Cloud, E-Commerce & Marketplace …
Portugal Ventures
Porto, Portugal
40 investments
Seed, Series A
Biotech & Life Sciences, Enterprise Software, Healthcare …
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 …
Sparkfood
Maia, Portugal
11 investments
Series A, Series B
Food & Agriculture
33N Ventures
Porto, Portugal
8 investments
Series B, Series A
Cybersecurity, Infrastructure & Cloud
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 …