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    Start Ventures

    Lisbon, PortugalFounded 2016

    Start Ventures (formerly BiG Start Ventures) is a Lisbon-based venture capital firm managed by Onetier Partners SCR, S.A., investing globally in early-stage B2B startups in fintech, insurtech, regtech, and cybersecurity.

    Deal activity increased 50% year-over-year (3 deals in the last 12 months). Their most common stage is seed (56% of deals). Average disclosed round size is $4.2M (across 13 rounds with reported amounts).

    Find people at Start Ventures on Goldilocks AI

    Portfolio

    22

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    3

    Team

    João Menano

    João Menano

    VENTURE PARTNER

    João Freire de Andrade

    João Freire de Andrade

    EXECUTIVE DIRECTOR

    Matilde Limbert

    Matilde Limbert

    PRINCIPAL

    Nuno Afonso

    Nuno Afonso

    ANALYST

    Rafik Shamsudin

    Rafik Shamsudin

    ANALYST

    NC

    Nuno Campos

    SENIOR CONSULTANT

    CP

    Catarina Pinto de Sá

    Venture Capital Analyst

    MI

    Maria Inês Cardoso

    Venture Capital Analyst

    NM

    Nuno Marques Afonso

    Venture Capital Analyst

    BO

    Bruno Oliveira

    Operator-Investor

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    25 investments
    CompanyRoundAmountDate
    Finovox logoFinovoxSeries A—Jun 2026
    WeatherPromise logoWeatherPromiseSeries A$12.8MJan 2026
    ClaimSorted logoClaimSortedSeed—Oct 2025
    Zango logoZangoSeed—Jul 2025
    Zango logoZangoUnknown$4.8MJan 2025
    EEthiackSeed—Dec 2024
    testRigor logotestRigorSeed—Jan 2024
    Coverflex logoCoverflexSeries A—Jan 2023
    Elucidate logoElucidateSeries A$3.0MMar 2021
    Les Opticiens Mobiles logoLes Opticiens MobilesSeries B—Jan 2021
    Countingup logoCountingupBridge—May 2020
    Elucidate logoElucidateSeed—Jan 2020
    Quartzy logoQuartzySeries B$17MJan 2016
    OneSignal logoOneSignalSeed$2MApr 2015
    Streem logoStreemSeed$2MApr 2014
    Lawdingo logoLawdingoSeed$850KOct 2013
    FFormafinaSeed$1.4MSep 2013
    Siasto logoSiastoSeed$750KJan 2013
    Quartzy logoQuartzySeries A—Jan 2013
    Comprehend logoComprehendSeed$1.2MJan 2011
    Jove logoJoveSeed——
    Zigfu logoZigfuUnknown$150K—
    CClaims CarbonSeed——
    GGrubwithusSeed$1.6M—
    WealthKernel logoWealthKernelSeries A$7M—

    Top Co-Investors

    Last updated: 20 October 2026