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    Portugal Ventures logo

    Portugal Ventures

    Porto, PortugalFounded 2012
    www.portugalventures.pt/enLinkedIn
    Biotech & Life SciencesEnterprise SoftwareHealthcareManufacturingSaaSTravel & Hospitality

    Portugal Ventures is a venture capital firm that is part of the Banco Português de Fomento group, investing in innovative Portuguese startups with global potential. Founded in 2012 and headquartered in Porto, the firm focuses on Digital & Technology, Manufacturing & Technology, Therapeutics & Health Tech, and Tourism sectors at pre-seed, seed, and Series A stages.

    Their most common stage is seed (50% of deals). Average disclosed round size is $9.6M (across 23 rounds with reported amounts).

    Find people at Portugal Ventures on Goldilocks AI

    Portfolio

    40

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    AG

    Afonso Granate Fernandes

    Investment Manager

    AS

    Alexandre Santos

    Investment professional (invested in technology and life sciences companies)

    AT

    Ana Terra

    Venture Capital & Private Equity investor

    FF

    Filipa Ferreira

    Investment Manager

    NF

    Nuno Filipe Macedo

    Senior Investment Manager

    NO

    Nuno O.

    Investment manager

    SS

    Silvia Silva

    Investment Manager

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    56 investments
    CompanyRoundAmountDate
    Nutrium logoNutriumSeries A$12MSep 2025
    Winalist logoWinalistSeed—Jun 2025
    PProgrowSeed$2.3MJan 2025
    Azitek logoAzitekUnknown—Jun 2024
    Tonic App logoTonic AppSeries A—Mar 2024
    C Mo Medical Solutions logoC Mo Medical SolutionsUnknown—Jan 2023
    Probely logoProbelySeries A—Nov 2022
    Didimo logoDidimoSeries A$7.2MOct 2022
    Didimo logoDidimoSeries A$7.2MOct 2022
    Aptoide logoAptoideSeries B$12MOct 2022
    C Mo Medical Solutions logoC Mo Medical SolutionsUnknown—Sep 2022
    C Mo Medical Solutions logoC Mo Medical SolutionsSeed—Jan 2022
    PProgrowSeed$2.9MJan 2022
    Taikai logoTaikaiSeed—Sep 2021
    Reckon.ai logoReckon.aiSeed—Sep 2021
    Barkyn logoBarkynSeries A$9.6MApr 2021
    Lovys logoLovysSeries A—Jan 2021
    Jscrambler logoJscramblerSeries A$15MJan 2021
    Taikai logoTaikaiSeed—Jan 2021
    Nutrium logoNutriumSeed$4.9MOct 2020
    Nutrium logoNutriumSeed—Oct 2020
    Defined AI logoDefined AISeries B$50.5MMay 2020
    DefinedCrowd logoDefinedCrowdSeries B$50.5MMay 2020
    Digital Manager Guru logoDigital Manager GuruSeed—Jan 2019
    Lovys logoLovysSeed$3.3MJan 2019
    Page 1 of 3

    Top Co-Investors

    Bright Pixel Capital11 shared
    Armilar Venture Partners7 shared
    Techstars6 shared
    Plug and Play Tech Center5 shared
    Indico Capital Partners4 shared
    Amazon Alexa Fund4 shared
    Boehringer Ingelheim Venture Fund4 shared
    High-Tech Gründerfonds4 shared
    Lince Capital4 shared
    Shilling Capital Partners3 shared
    Mastercard3 shared
    Kibo Ventures3 shared
    Evolution Equity Partners3 shared
    Semapa Next3 shared
    EDP Ventures3 shared
    Bynd Venture Capital3 shared
    Tikehau Capital3 shared
    Sony Innovation Fund3 shared
    Ironfire Ventures2 shared
    TheVentureCity2 shared

    Last updated: 20 October 2026