15 startup investors in Portugal
We list 15 startup investors in Portugal as of November 2026: each was checked on its own website or an official register, and the list was last checked on 9 Nov 2026. The cities with the most head offices on this list are Lisbon (12) and Porto (1).
No ranked block on this list. We rank by recent fund activity, and a block needs at least 10 investors with a dated fund or deal in the last 24 months, or 5 that also have a published profile. 2 of the 15 on this list have a dated fund or deal in that window, so no ranking is shown. The table is in the order the method box states and opens with Biovance Capital, 3xP Global and Iberis Capital.
First 10 of 15 startup investors in Portugal
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Biovance Capital | VC firm | Lisbon, Portugal | Seed, Series A | Healthtech, Biotech | New deal, Sep 2026 | €60M (own site) | 7 Nov 2026 | 4 names · Unlock |
| 3xP Global | VC firm | Lisbon, Portugal | Seed, Series A, Growth | Healthtech, Impact, Edtech, AI | Investment listed in 2026 | €50M (own site) | 7 Nov 2026 | 1 name, firm email · Unlock |
| Iberis Capital | Fund manager | Lisbon, Portugal | Pre-seed, Seed, Series A, Series B, Growth | AI, Fintech, Healthtech, Deep Tech | €600M (own site) | 9 Nov 2026 | 3 names, firm email · Unlock | |
| Portugal Ventures | Government or university fund | Porto, Portugal | Pre-seed, Seed, Series A | SaaS, Deep Tech, Healthtech, Biotech | €283M (own site) | 7 Nov 2026 | firm email · Unlock | |
| 33N Ventures | VC firm | Lisbon, Portugal | Series A, Series B, Growth | Cybersecurity, AI, Defense Tech, Deep Tech | €200M (own site) | 7 Nov 2026 | 5 names · Unlock | |
| Indico Capital Partners | VC firm | Portugal | Pre-seed, Seed, Series A | SaaS, AI, Deep Tech, Fintech | €244M (own site) | 7 Nov 2026 | firm email · Unlock | |
| BlueCrow Capital | Fund manager | Portugal | Growth | SaaS, AI, Deep Tech, Generalist | €100M (own site) | 7 Nov 2026 | 2 names, firm email · Unlock | |
| Faber | VC firm | Lisbon, Portugal | Pre-seed, Seed, Series A | Deep Tech, AI, Climate Tech | 7 Nov 2026 | 5 names, firm email · Unlock | ||
| Armilar Venture Partners | VC firm | Lisbon, Portugal | Pre-seed, Seed, Series A, Series B | SaaS, Fintech, Healthtech, AI | 7 Nov 2026 | 5 names, firm email · Unlock | ||
| C2 Capital Partners | Fund manager | Lisbon, Portugal | Growth | SaaS, Fintech, Healthtech, Generalist | 9 Nov 2026 | 2 names, firm email · Unlock |
You are seeing 10 of 15. The full list adds 5 more investors and 35 named decision-makers.
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How these 15 break down
By city
| City | On this list | Share |
|---|---|---|
| Lisbon | 12 | 80% |
| Porto | 1 | 7% |
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 6 | 40% |
| Seed | 11 | 73% |
| Series A | 12 | 80% |
| Series B | 3 | 20% |
| Growth | 7 | 47% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| Healthtech | 9 | 60% |
| AI | 9 | 60% |
| Deep Tech | 8 | 53% |
| SaaS | 8 | 53% |
| Climate Tech | 6 | 40% |
| Fintech | 5 | 33% |
| Biotech | 2 | 13% |
| Cybersecurity | 2 | 13% |
| B2B | 2 | 13% |
| Industrial Tech | 2 | 13% |
Sector is our research. A firm can carry more than one sector.
By type
| Type | On this list | Share |
|---|---|---|
| VC firm | 7 | 47% |
| Fund manager | 5 | 33% |
Method and limits
- Source
- No row on this list rests on an SEC filing. All 15 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Place: head office in Portugal.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 15 rows: stage 15, sector 15, fund size 7, website 15. In the paid file: named decision-makers on 11 rows, firm email on 13, LinkedIn page on 13, check size on 4.
- Corrections
- Email hello@theinvestordatabase.com or use the update form. We act within 5 working days.
Questions
How many startup investors are in Portugal?
We list 15 as of November 2026. 2 of the 15 have a fund filing or a dated deal in the last 12 months. By type: VC firm (7), Fund manager (5) and Government or university fund (1).
Which cities in Portugal have the most investors?
Lisbon (12) and Porto (1).
Which startup investors in Portugal were active in the last 12 months?
None of the 15 has a fund filing dated in the last 12 months on file; 2 have other dated activity in that time (new deal), most recently Biovance Capital (new deal, Sep 2026).
What stages do startup investors in Portugal back?
Of the 15 with a stage on file, Series A (12), seed (11) and growth-stage (7). A firm can back more than one stage.
Where does the data on startup investors in Portugal come from and how often is it updated?
All 15 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 9 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of startup investors in Portugal as a spreadsheet?
Yes. The file holds all 15 rows in Excel and CSV, with 35 named decision-makers and 13 firm emails, for $49 one-time. 10 rows are free on this page.
Broader lists
Related lists
Startup investors in France (189)Startup investors in Germany (91)Startup investors in Spain (70)Startup investors in the Netherlands (69)Startup investors in Norway (41)Startup investors in Italy (36)Startup investors in Sweden (35)Startup investors in Austria (34)Startup investors in Finland (18)Startup investors in Luxembourg (18)
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