Startup funding through VC firms in Portugal
- Valerie Charoux
- Oct 16, 2024
- 2 min read
Here is the list of Portuguese VC firms that invest in startups in Portugal & the industries that have the most VC funding in Portugal by VC:
Portugal news - Portugal created a fund to be allocated to VC firms by the development bank, Banco Português de Fomento (BPF), under the Capitalization and Resilience Fund (FdCR).
The Venture Capital Programme has an allocation of 400 million euros to allocate to venture capital firms (VCs) that invest in startups, especially in the pre-seed, seed, start-up, and later stage venture phases.
The rules of Portugal’s Venture Capital program provide for the possibility of a capital increase by the development bank if the VC firms meet the target deadlines. Out of the 12 VC firms contracted by Portugal’s development bank, seven have already made investments in 21 startups.
Since Indico Capital and Oxy Capital have met Portugal’s first target, the development bank has increased their funding from 35 million to 50 million euros in the Indico VC Fund II, and from 30 million to 50 million euros in the Juno Fund, managed by Oxy Capital.
The industries have the most VC funding in Portugal under the Capitalization and Resilience Fund (FdCR) include the ICT sector, e-commerce, engineering, finance, cleantech, consulting, accommodation, tourism, biotechnology and motorcycle manufacturing. The VC beneficiary companies are distributed across several regions in Portugal, including Porto, Lisbon, Braga, Viseu, Guimarães, Santo Tirso.
Here is the map showing the industries that have the most VC funding in Portugal by VC firm and by percentage of the FdCR (Capitalization and Resilience Fund):
Here is the list of Portuguese VC firms that invest in startups in Portugal:
1 - Indico Capital Partners
2 - Oxy Capital
3 - Alea Capital Partners
4 - 3XP Global
5 - Draycott
6 - Vesalius Biocapital IV Portugal
7 - Magnify Afterburner Capital Partners
