Shilling is a venture capital firm primarily focused on investing in Seed-round, Portugal-based startups, with an additional "Opportunity Fund" for growth-stage companies (Series A and beyond) across Europe. Their strategy involves backing tech-driven solutions with disruptive ideas, strong teams, scalable business models, and a clear path to profitability, while also providing mentorship and a network to help these companies achieve global reach.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-a (44% of deals). Average disclosed round size is $14.3M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
9 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| TTucuvi | Series A | $20M | Jan 2026 |
 Sword Health | Growth | $40M | Jun 2025 |
 Bounce | Series B | $19M | Nov 2024 |
| CCargofive | Seed | $1.8M | Jun 2023 |
 tl;dv | Seed | $4.3M | Jun 2022 |
 Kencko | Series A | $10M | Jan 2022 |
| BBarkyn | Series A | $9.6M | Apr 2021 |
| UUniplaces | Series A | $24M | Nov 2015 |
 Unbabel | Seed | $400K | — |
Top Co-Investors
Indico Capital Partners3 shared
Lince Capital2 shared
20VC1 shared
FJ Labs1 shared
Thayer Ventures1 shared
Cathay Innovation1 shared
KFund1 shared
Frontline Ventures1 shared
Seaya1 shared
Siddhi Capital1 shared
NextView Ventures1 shared
Riverside Ventures1 shared
Silas Capital1 shared
Cheyenne Ventures1 shared
NextBlue1 shared
Atomico1 shared
Octopus Ventures1 shared
Y Combinator1 shared
Faber1 shared
General Catalyst1 shared
Last updated: 8 March 2026