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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 50% year-over-year (3 deals in the last 12 months). Their most common stage is series-a (64% of deals). Average disclosed round size is $27.1M (across 5 rounds with reported amounts).
Portfolio
11
Fund Size
—
Top Stage
Series A
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Gigaton | Series A | $26M | Jun 2026 |
 Sybilion | Seed | $4.2M | Mar 2026 |
 constellr | Series A | — | Feb 2026 |
| FFerovinum | Series A | — | Sep 2024 |
 Meisterwerk | Series A | — | Jul 2024 |
 Probely | Series A | — | Nov 2022 |
 Carbon Re | Series A | $4.2M | Jan 2022 |
 Defined AI | Series B | $50.5M | May 2020 |
| DDefinedCrowd | Series B | $50.5M | May 2020 |
| JJUPUS | Series A | — | — |
 LOQR | Unknown | — | — |
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
Clean Growth Fund2 shared
Planet A2 shared
Plural Platform2 shared
Cambridge Enterprise2 shared
UCL Technology Fund2 shared
Sony Innovation Fund by IGV1 shared
Cardumen Capital1 shared
Lakestar1 shared
Creative Ventures1 shared
Vsquared Ventures1 shared
Bayern Kapital1 shared
Alpine Space Ventures1 shared
Last updated: 9 September 2026