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Semapa Next is the corporate venture capital arm of Semapa, a Portuguese industrial holding company. Founded in 2018 and headquartered in Lisbon, it invests in European-based companies aspiring to become global category leaders, typically entering at Series A and following on through later stages.
Deal activity increased 300% year-over-year (4 deals in the last 12 months). Their most common stage is series-a (60% of deals). Average disclosed round size is $23.1M (across 6 rounds with reported amounts).
Portfolio
14
Fund Size
—
Top Stage
Series A
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Gigaton | Series A | $26M | Jun 2026 |
 Sybilion | Seed | $4.2M | Mar 2026 |
 Constellr | Series A | — | Feb 2026 |
| CCONSTELLR GMBH | Series A | — | Feb 2026 |
 Ferovinum | Series A | — | Sep 2024 |
 Meisterwerk | Series A | — | Jul 2024 |
 Probely | Series A | — | Nov 2022 |
 RealFevr | Unknown | — | Jan 2022 |
 Carbon Re | Series A | $4.2M | Jan 2022 |
 Airly | Series A | $3.3M | Mar 2021 |
 Defined AI | Series B | $50.5M | May 2020 |
 DefinedCrowd | Series B | $50.5M | May 2020 |
 JUPUS | Series A | — | — |
 LOQR | Unknown | — | — |
| Meisterwerk | Seed | — | — |
Top Co-Investors
EDP Ventures4 shared
Portugal Ventures3 shared
Mastercard2 shared
Ironfire Ventures2 shared
Kibo Ventures2 shared
Amazon Alexa Fund2 shared
Evolution Equity Partners2 shared
Bynd Venture Capital2 shared
Cardumen Capital2 shared
Lakestar2 shared
Vsquared Ventures2 shared
Bayern Kapital2 shared
Alpine Space Ventures2 shared
Clean Growth Fund2 shared
Planet A2 shared
Plural Platform2 shared
Cambridge Enterprise2 shared
UCL Technology Fund2 shared
Speedinvest2 shared
Last updated: 7 October 2026