Skip to content
    Indico Capital Partners logo

    Indico Capital Partners

    Lisbon, PortugalFounded 2018

    Indico Capital Partners is an early-stage venture capital firm investing in tech companies, primarily in Portugal and the Iberian Peninsula. Their strategy focuses on supporting these companies to scale internationally.

    Find people at Indico Capital Partners on Goldilocks AI

    Portfolio

    8

    Fund Size

    Top Stage

    Series A

    Last 12 Mo

    2

    Team

    RT

    Ricardo Torgal

    General Partner and CFO

    SD

    Stephan de Moraes

    Managing General Partner

    Stage Distribution

    Portfolio

    8 investments
    CompanyRoundAmountDate
    NutriumSeries A$12MSep 2025
    Gazelle Wind PowerSeed$2MMay 2025
    InfraspeakSeries B$18MOct 2024
    FRVRSeries A$11.6MAug 2024
    Indie CampersSeries B$35MJul 2024
    SpotliteSeed$1.5MJul 2022
    KenckoSeries A$10MJan 2022
    UnbabelSeries C$60MSep 2019

    Top Co-Investors

    Lince Capital2 shared
    e.ventures1 shared
    Greycroft1 shared
    Bright Pixel1 shared
    Innovation Nest1 shared
    Siddhi Capital1 shared
    NextView Ventures1 shared
    Riverside Ventures1 shared
    Silas Capital1 shared
    Shilling1 shared
    NextBlue1 shared
    Hiro Capital1 shared
    GE Ventures1 shared

    Last updated: 1 March 2026