Armilar Venture Partners

Armilar Venture Partners is a Lisbon-based venture capital firm founded in 2000. It specializes in investing in early-stage companies, focusing on sectors such as enterprise software, augmented and virtual reality, SaaS, the Internet of Things, artificial intelligence, machine learning, cybersecurity, blockchain, and various technology fields. With over 200 million euros in assets under management, the firm supports innovative companies in the United States and Europe that aim to enhance daily life and business practices. Armilar Venture Partners has evolved from its original identity as Espírito Santo Ventures and continues to seek opportunities in diverse sectors, including healthcare, energy, and consumer products.

Pedro Almeida

Senior Associate

Pedro Castel-Branco

Senior Associate

Rodolfo Condessa

Senior Associate

João Dias

Partner

Nuno Leite

Chief Financial Officer

Vitor Martins

Senior Associate

Duarte Mineiro

Managing Partner

Joaquim Sérvulo Rodrigues

Founder & Managing Partner

Inês Macedo Santos

Senior Associate

Pedro Ribeiro Santos

Managing Partner

Jose Guerreiro de Sousa

Senior Advisor

Michael Vaughan

Principal

70 past transactions

brighter AI

Series A in 2022
Brighter AI Technologies GmbH is a Berlin-based company founded in 2017 that specializes in artificial intelligence software solutions designed to enhance visual data. The company primarily focuses on recreating daylight images from night images captured by infrared cameras, which aids in correcting limited and blurred vision. Brighter AI offers services such as frontal face reconstruction, which assists security professionals in identifying suspects while ensuring compliance with privacy regulations, including GDPR, by anonymizing visual data. Initially established within the automotive sector, Brighter AI has since expanded its offerings to serve various industries and has gained recognition as a leading provider of anonymization solutions for video data. The company has received accolades such as being named "Europe's Hottest AI Startup" by Nvidia and has won "The Spark - The German Digital Award" from Handelsblatt and McKinsey.

KIT-AR

Seed Round in 2022
KIT-AR Ltd designs and develops an integrated industrial augmented reality system for enhancing manufacturing productivity. The company provides all the information needed to assemble and engineer products to reduce unplanned downtime caused by human error. It offers KIT-ASSIST, that offers specialist knowledge and details directly to a heads up display; KIT-SMART, a set of intelligent modules that sense the working environment and monitor worker activity; KIT-BUILD, which allows users to manage work instructions according to the operations; and KIT-INSIGHT, which offers productivity and efficiency insights. KIT-AR Ltd was founded in 2018 and is based in London, United Kingdom.

Neuraspace

Seed Round in 2022
Neuraspace specializes in AI-based collision avoidance systems for satellites, aimed at enhancing the safety and efficiency of satellite operations. The company's proprietary technology utilizes advanced data fusion strategies to improve the accuracy of satellite collision risk predictions, automating many manual processes and communications currently in use. This end-to-end solution provides satellite operators with actionable recommendations for orbital maneuvers to prevent collisions, while also delivering valuable insights to insurers, regulators, and other stakeholders reliant on space assets. By tracking and monitoring satellites, Neuraspace helps mitigate potential losses from collisions and allows insurance companies to better assess the risks associated with satellite operations.

Cintoo

Series A in 2022
Cintoo SAS specializes in technologies and solutions for managing 3D data derived from reality capture devices in a cloud environment. The company has developed a unique point cloud-to-surface technology that converts data from terrestrial laser scanners into advanced reality data, enhancing usability and collaboration. This technology is integrated into Cintoo Cloud, a versatile, cloud-based platform that is hardware- and BIM-agnostic, allowing organizations in the architecture, engineering, and construction (AEC) industries to efficiently manage, store, and share laser scan projects. Founded in 2013, Cintoo is headquartered in Biot, France.

knok healthcare

Series A in 2021
Knok is an app-based healthcare platform offering patients a holistic solution for their health through a combination of AI chatbots, video calls, face to face appointments at home, and integration with hospitals in one single application. This solution is convenient for the patient and efficient for the health system: the AI chatbot helps patients self-assess their condition and directs the patient within the app to a video appointment or a face to face appointment. If the issue is serious enough, knock will direct the patient to the hospital.

Reckon.ai

Seed Round in 2021
Reckon.ai is a technology company based in Lisbon, Portugal, founded in 2017. It specializes in developing Reckon, a cloud platform designed for smart retail product analysis and price comparison. The platform leverages machine learning algorithms, data fusion, and computer vision to enhance how retailers gather competitive intelligence. By incorporating artificial intelligence and image recognition, Reckon enables retailers to effectively track and optimize their pricing strategies in relation to competitors. The company aims to address the inefficiencies and challenges faced by retailers in competitive analysis, recognizing that many opportunities for improvement remain unaddressed in the digital landscape.

Casafari

Series A in 2021
Casafari is a real estate metasearch company based in Lisbon that focuses on enhancing transparency in property markets. It operates a platform that collects, cleans, and deduplicates property data, creating one of the most comprehensive real estate databases globally. This technology enables real estate professionals and institutional investors in countries such as Germany, Spain, and Portugal to track market trends and identify investment opportunities in real time. The platform offers features such as predictive analytics, new listing alerts, price change notifications, and status tracking, allowing users to stay informed about various property listings both online and offline. By aggregating data from multiple sources and collaborating with real estate agencies, Casafari provides valuable market intelligence through a Software-as-a-Service model.

StudentFinance

Seed Round in 2021
StudentFinance, S.L., established in 2019 and headquartered in Madrid, Spain, operates in the Fintech and Edtech sectors, focusing on addressing the skills gap in education. The company provides personal loans to students through Income Share Agreements (ISAs), allowing them to pay a fixed percentage of their income over a predetermined period instead of paying tuition upfront. This innovative approach aims to make education more affordable and accessible. By leveraging technology and predictive modeling, StudentFinance enhances the connection between talent, educational programs, and employers, fostering transparency and improving employment outcomes for graduates.

OutSystems

Series E in 2021
OutSystems, Inc. specializes in a low-code platform designed for the development of enterprise web and mobile applications that can operate in cloud, on-premises, or hybrid environments. Founded in 2001 and headquartered in Boston, Massachusetts, the company provides tools that facilitate visual development, allowing organizations to create entire applications while easily integrating with their existing systems. The platform caters to IT leaders, enterprise architects, and professional developers, serving various sectors including insurance, banking, education, healthcare, and government. With a focus on enabling organizations to build enterprise-grade applications efficiently, OutSystems has gained a global customer base and recognition as a leading low-code solution.

Automaise

Seed Round in 2021
Automaise provides artificially intelligent virtual employees for customer service. Automaise offers a growing portfolio of virtual employees ready to be hired for various business verticals and tasks/processes.

Didimo

Venture Round in 2020
Didimo focuses on humanizing technology and reducing digital isolation. They automate 3D character creation - a once expensive and time-consuming task - in 30 sec or less. Their product - a Didimo - a lifelike 3D characters that look, act and speak like a person will connect every one of us more closely to the digital world, driving a new paradigm for communication, through the image they know the most - their own face.

Appentra

Seed Round in 2020
Appentra Solutions, S.L. specializes in developing software tools that facilitate guided parallelization, targeting the democratization of high-performance computing across various fields, including engineering and science. Founded in 2012 and based in Corunna, Spain, the company offers several key products, including Parallware Trainer, a real-time interactive editor designed to enhance the teaching and application of parallel programming, and Parallelware Analyzer, a suite of command-line tools that assist developers in efficiently creating high-quality parallel software. As the demand for advanced computing capabilities grows, Appentra aims to simplify parallel programming, making it accessible to a broader range of organizations. Their innovative Parallelware technology, which focuses on static code analysis for concurrency and parallelism, positions the company as a leader in the shift towards mainstream adoption of parallel computing solutions.

Codavel

Seed Round in 2020
At Codavel, we are developing an innovative technological solution that allows you to overcome the inherent instability of the wireless last mile, such as Wi-Fi, 3G, 4G or even the upcoming 5G, and ensure high mobile app speed regardless of network conditions. By controlling network instability end-to-end, our SDK considerably improves end-user experience. Fast and efficient content delivery is key in a digitally connected world. Codavel is the key.

WalliD

Seed Round in 2019
WalliD, based in Lisbon, Portugal, develops online identification and authentication solutions aimed at managing identities in a secure and verifiable manner. Founded in 2018, the company offers tools like ImportiD, a desktop application for extracting attributes from certified documents, and MyEtherID, a web application for encrypting and storing identities on a smart contract. WalliD serves as a global protocol for certified identity document transactions, allowing users to securely store their identity documents in Ethereum wallets. It facilitates safe and rapid validations for online services requiring Know Your Customer (KYC) compliance. The protocol supports Certification Authorities and employs digital certificates issued through public key infrastructure, ensuring that all stored ID documents are reliable and can be validated in a trustless environment. Additionally, WalliD provides data verification services that enable platforms to confirm user identities through various ID infrastructures, allowing crypto users to consolidate ownership of multiple social network identities within a single wallet.

Codacy

Venture Round in 2019
Codacy is an automated code review tool that helps developers to save time in code reviews and to tackle technical debt efficiently. Developers spend 10%-20% of their time reviewing code. Gartner estimates the global technical debt to grow to $1 Trillion by 2015. Codacy tracks new issues by severity level for every commit and pull request and allows a hassle free customization of static analysis It provides advanced code metrics on the health of a project and on the performance of teams.

Tonic App

Venture Round in 2019
Tonic App S.A. is a digital health company that has developed a mobile application aimed at enhancing communication and collaboration among medical professionals. The application serves as a comprehensive platform for doctors to message, share, and archive patient cases, request expert advice, and network with peers. It also enables hospitals, pharmaceutical companies, and medical associations to connect with healthcare professionals and disseminate relevant medical content. Key features of the app include tools for coordinating urgent procedures, discussing clinical cases, sharing medical images, and accessing a range of healthcare resources, such as clinical calculators and drug conversion tables. Founded in 2016 and headquartered in Porto, Portugal, Tonic App strives to improve the efficiency of medical practice and patient outcomes through its integrated approach to health content aggregation and team collaboration. The application is available on Google Play.

Vawlt

Seed Round in 2019
Vawlt is a data storage platform based in Lisbon, Portugal, founded by researchers from the LASIGE research group at the University of Lisbon. The company focuses on simplifying the management of multiple cloud storage solutions while enhancing data security and privacy. Vawlt's platform enables organizations to store and share files effectively, optimizing storage resources and allowing customization of data storage volumes based on specific needs such as cost, performance, location, and compliance. This approach empowers companies to manage their data more responsibly and reduces maintenance and operational costs. Vawlt is dedicated to ensuring individuals and organizations have control over their data while adhering to higher security standards.

Automaise

Seed Round in 2018
Automaise provides artificially intelligent virtual employees for customer service. Automaise offers a growing portfolio of virtual employees ready to be hired for various business verticals and tasks/processes.

OutSystems

Series C in 2016
OutSystems, Inc. specializes in a low-code platform designed for the development of enterprise web and mobile applications that can operate in cloud, on-premises, or hybrid environments. Founded in 2001 and headquartered in Boston, Massachusetts, the company provides tools that facilitate visual development, allowing organizations to create entire applications while easily integrating with their existing systems. The platform caters to IT leaders, enterprise architects, and professional developers, serving various sectors including insurance, banking, education, healthcare, and government. With a focus on enabling organizations to build enterprise-grade applications efficiently, OutSystems has gained a global customer base and recognition as a leading low-code solution.

Codacy

Seed Round in 2015
Codacy is an automated code review tool that helps developers to save time in code reviews and to tackle technical debt efficiently. Developers spend 10%-20% of their time reviewing code. Gartner estimates the global technical debt to grow to $1 Trillion by 2015. Codacy tracks new issues by severity level for every commit and pull request and allows a hassle free customization of static analysis It provides advanced code metrics on the health of a project and on the performance of teams.

Fastinov

Seed Round in 2015
FASTinov S.A., founded in 2013 and located in Matosinhos, Portugal, specializes in the development and marketing of technology for rapid antimicrobial susceptibility testing. The company focuses on creating patented kits that allow for the swift and accurate assessment of life-threatening bacterial infections directly from blood cultures. By utilizing a method that detects microbial cell lesions and metabolic changes through specific fluorochromes, the technology enables healthcare professionals to make informed decisions regarding appropriate drug prescriptions for treating infections. This innovative approach significantly reduces the time required for obtaining test results, enhancing patient care in acute care settings.

Tradiio

Seed Round in 2015
Tradiio is a music app for web and mobile which blends streaming with direct-to-fan artist funding. Music fans have the ability to discover the best emerging artists through crowd curation. Artists can then monetize their fan base through inviting them to join their Circle (beta), where they can provide exclusive content and behind the scenes access in exchange for monthly recurring payments.

Feedzai

Series B in 2015
Feedzai is AI. We’re coding the future of commerce with today’s most advanced risk management platform powered by big data and artificial intelligence. Founded and developed by data scientists and aerospace engineers, Feedzai has one mission: make banking and commerce safe. The world’s largest banks, payment providers and retailers use Feedzai’s machine learning technology to manage risks associated with banking and shopping, whether digitally or in person.

Tradiio

Seed Round in 2015
Tradiio is a music app for web and mobile which blends streaming with direct-to-fan artist funding. Music fans have the ability to discover the best emerging artists through crowd curation. Artists can then monetize their fan base through inviting them to join their Circle (beta), where they can provide exclusive content and behind the scenes access in exchange for monthly recurring payments.

Tradiio

Seed Round in 2014
Tradiio is a music app for web and mobile which blends streaming with direct-to-fan artist funding. Music fans have the ability to discover the best emerging artists through crowd curation. Artists can then monetize their fan base through inviting them to join their Circle (beta), where they can provide exclusive content and behind the scenes access in exchange for monthly recurring payments.

Codacy

Seed Round in 2013
Codacy is an automated code review tool that helps developers to save time in code reviews and to tackle technical debt efficiently. Developers spend 10%-20% of their time reviewing code. Gartner estimates the global technical debt to grow to $1 Trillion by 2015. Codacy tracks new issues by severity level for every commit and pull request and allows a hassle free customization of static analysis It provides advanced code metrics on the health of a project and on the performance of teams.

LaserLeap Technologies

Seed Round in 2013
LaserLeap Tecnhologies was established to address the need for a painless method to deliver medicines through the skin, and promote faster and more effective treatments. Two decades of research with lasers and ultrasound led to a technology that combines affordable lasers with innovative materials, and is capable of permeabilizing the skin to medicines and cosmetics in a safe, painless and effective manner. Established on 2011 in Coimbra, Portugal, the company focuses in the skin permeation of cosmetics, anesthetics, drugs for skin cancer, vaccines and biotechnology drugs.

NutriVentures

Seed Round in 2013
Nutri Ventures is a powerful story, with lots of adventures and engaging characters, specially designed to make kids feel good by having fun, and providing interactive content. It's the first animated series, targeted at kids under 10, with multiplatform content that will engage and entertain children while creating an opportunity to educate them on the importance of healthy food. But Nutri Ventures is much more than an animated series: It’s a Cause! It contains specific content for parents, educators and others stakeholders, promotes healthy food and establishes partnerships to develop additional content and support nutritional programs. Nutri Ventures vision is to engage our children through entertainment to educate them about proper nutrition and create an exciting overall environment about healthy food!

Heart Genetics

Seed Round in 2013
HeartGenetics genotyping technology is based on a DNA MICROCHIP that can include all genetic variants that have been proved to be the main cause of a specific cardiac genetic disease. Genotyping is achieved through a high-throughput and high accurate DNA Microchip platform optimized for genetic analysis using an iPlex MassArray system.

Ynvisible Interactive Inc

Series A in 2013
Ynvisible Interactive Inc. is a company that specializes in the development and sale of electrochromic displays, primarily in Europe. It offers a range of services including system design, integration, and production, which encompass applications assessment, design and proof-of-concept, system integration and prototyping, as well as commercial production. The company serves various industries, including healthcare and wellness, consumer products, and logistics and supply chain. Founded in 2010, Ynvisible is headquartered in Vancouver, Canada, and plays a significant role in the internet of things sector, focusing on low power electronics and advancements in microelectronics and wireless communications.

Ecofoot

Seed Round in 2013
Ecofoot, founded in 2012, specializes in innovative textile coloration technology aimed at fostering a more sustainable and less toxic dyeing process. The company, which comprises researchers from the University of Minho along with entrepreneurs and investors, has garnered attention for its pioneering use of hybrid dyes. Ecofoot's technology focuses on the development of functional nano pigments made from porous polymer particles. This unique approach minimizes hydrolysis during the dyeing and printing of textiles and facilitates the release of anionic products during washing, effectively clearing excess dye from polyester and cotton fiber blends. By implementing this technology, Ecofoot enables the textile industry to significantly reduce water and energy consumption, decrease pollution, and streamline production processes.

Muzzley

Seed Round in 2012
Muzzley is an intelligent mobile app+cloud+api/sdk intelligent platform for IOT consumer world. It's a single entry point that avoids the consumer to have hundreds of different apps to interact with hundreds of different devices. The system predicts the user desires according to the constant learning algorithm and suggests/takes actions to improve his/her relation with the connected devices.

Ubiquity Global Services

Series A in 2012
Ubiquity Global Services, Inc. is a multinational outsourcing organization headquartered in New York City, specializing in customer support and business process management. Founded in 2012, the company offers a range of services including call center operations, sales and retention support, social media management, and risk and compliance solutions such as fraud investigation and identity verification. Ubiquity also provides business services like content creation, graphic design, and IT staff augmentation. Its innovative customer experience management solutions aim to enhance user satisfaction while optimizing service costs through a next-generation technology platform. Ubiquity operates an expanding network of service delivery locations in the United States, El Salvador, and the Philippines, among other global sites. The company's comprehensive approach is designed to maximize the potential of every customer interaction, delivering actionable business intelligence to its clients.

iosil Energy

Private Equity Round in 2012
Iosil Energy Corporation, founded in 2007 and based in Groveport, Ohio, specializes in the production of high-purity solar grade polysilicon, a critical raw material for solar cells. The company utilizes waste material generated from wafer sawing operations, known as "kerf," to manufacture its polysilicon, thereby reducing costs and promoting sustainability in the solar industry. With research and development facilities located at the National Institute for Nanotechnology in Edmonton, Alberta, Iosil Energy has demonstrated its capability to produce this essential material efficiently while addressing environmental concerns associated with traditional polysilicon production methods.

SAK Project

Seed Round in 2012
SAKPROJECT unique technology provides a non-intrusive (no contact with skin) and fast (less than 30 seconds) scanning process generating a 3D model with an incredibly high accuracy. SAKPROJECT developed the concept of Football custom protection – a combination of high-tech processes and materials that result in the most effective protection a player can wear while playing Football.

Equigerminal

Seed Round in 2012
equigerminal,SA operates as a veterinary company that develops and produces anti virus and other biotechnology products. The company offers an anti virus solution for Equine Infectious Anaemia virus. The company was founded in 2011 and is based in Cantanhede, Portugal.

Current Communications Group

Venture Round in 2011
CURRENT provides electric utilities a Smart Grid solution that increases the efficiency and reliability of the electric grid while reducing the environmental impact of electric usage. Their integrated solution combines advanced sensing technology, two-way high-speed communications, 24/7 monitoring and enterprise analysis software and related services to provide location-specific, real-time actionable data. CURRENT is also a fully-integrated communications service provider, with the capability to offer high-performance broadband services and home energy management services to every plug in every home or office using the electric wires.

Spectrum Bridge

Series B in 2011
Spectrum Bridge is a privately held, telecommunication software company focused on making bandwidth more readily available to enterprises and consumers. The company's core business is providing greater availability and access to wireless bandwidth and the efficient allocation of spectrum within a wireless network. The company creates intellectual property (IP) and software applications, operates a spectrum exchange, and provides complete spectrum allocation solutions. Its patented technology provides wireless networks with the ability to dynamically access available spectrum via a database-driven cognitive network architecture.

Feedzai

Seed Round in 2011
Feedzai is AI. We’re coding the future of commerce with today’s most advanced risk management platform powered by big data and artificial intelligence. Founded and developed by data scientists and aerospace engineers, Feedzai has one mission: make banking and commerce safe. The world’s largest banks, payment providers and retailers use Feedzai’s machine learning technology to manage risks associated with banking and shopping, whether digitally or in person.

Magpower

Venture Round in 2011
Magpower is one of the world`s largest manufacturer of CPV solar modules and trackers, and is presently expanding the manufacturing capacity to an annualized run rate of 54MW by the end of 2013. By enabling clean and renewable electricity at lower costs, Magpower provides a sustainable alternative to conventional energy sources. The vision to produce solar energy at an affordable price has driven Magpower to become one of the fastest growing manufacturers of solar systems in the world. The MagSun® TRK-180 represents the latest advancements in solar module technology and is rapidly driving down the cost of solar electricity to rates comparable with traditional fossil fuel-based energy sources.

BERD

Series A in 2011
BERD S.A., founded in 2006 and based in Matosinhos, Portugal, specializes in the design, development, manufacture, and supply of equipment for bridge construction. The company offers a range of products, including movable scaffolding systems that cater to various construction needs, such as underslung and large span options. In addition to its manufacturing capabilities, BERD provides consultancy services focused on bridge design and construction methodologies. Since initiating its international expansion in 2007, the company has established a presence in multiple countries, including Spain, France, Germany, Poland, Romania, the United States, and Russia, among others. BERD's foundation was inspired by the Organic Prestressing System developed at the Faculty of Engineering of the University of Oporto, reflecting its commitment to innovation in the field of civil engineering.

Domatica IoT Technology

Series A in 2011
Domatica is a company specialized in IoT technology focused on bridging the gap between the physical world and the logical world of software. Since its inception in 2002, we have sought to address this major issue of IoT, with a completely differentiating approach, now the so-called IoT Edge. In this sense, using all the expertise of our multidisciplinary team, we have created easyedge, a flexible, reliable, robust and secure IoT Edge platform that allows virtually any device to be connected to any type of application in a simple and easy way. Domatica operates in a B2B perspective, privileging strategic partnerships with market players, such as software or hardware manufacturers. Through them it was possible for Domatica to put its technology at the service of numerous IoT projects around the world.

TxVia

Series D in 2010
TxVia offers the most advanced transaction processing technology for emerging payments and financial services, as well as comprehensive supporting services. Its solutions encompass the full scope of consumer, corporate and government payment applications. TxVia enables electronic payments with a platform-as-a-service (PaaS) delivery model, a fully customizable solution that supports its clients' specialized processing needs. TxVia clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits from its custom—rather than one-size-fits-all—platforms.

Petra Systems

Series B in 2010
Petra Solar is a technology company, pioneering "smart solar" which couples distributed solar energy generation with smart grid technology, with their own smart grid communication infrastructure and platform. Petra Solar's smart energy systems are being deployed in both the largest distributed solar electric project and the largest rooftop project in the world today.

TxVia

Series C in 2009
TxVia offers the most advanced transaction processing technology for emerging payments and financial services, as well as comprehensive supporting services. Its solutions encompass the full scope of consumer, corporate and government payment applications. TxVia enables electronic payments with a platform-as-a-service (PaaS) delivery model, a fully customizable solution that supports its clients' specialized processing needs. TxVia clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits from its custom—rather than one-size-fits-all—platforms.

Ultracell

Venture Round in 2009
UltraCell Corporation (Livermore, CA) was founded in 2002 to commercialize an advanced Reformed Methanol Micro Fuel Cell (RMFC) technology invented at the U. S. Department of Energy's Lawrence Livermore National Laboratory (LLNL). This technology enables a breakthrough in micro fuel cell performance. UltraCell is the first to commercialize RMFC technology to provide clean renewable energy to power portable electronics. The Ultracell XX25 is the only system to have undergone extensive Military Specification qualification testing and field trials.

A123 Systems

Series E in 2009
A123 Systems is a prominent developer and manufacturer of advanced lithium-ion batteries and energy storage systems. The company leverages innovative nanoscale materials initially developed at MIT to create its proprietary Nanophosphate electrode technology, which offers significant advantages over competing high-power technologies. A123's battery cells and electrode designs are engineered to reduce costs per watt and per watt-hour, while also providing higher voltage compared to other long-life battery systems. This results in lower overall pack costs and enhanced price-performance due to the batteries' long lifespan, which minimizes lifecycle costs. A123 Systems serves clients across various industries by delivering efficient power solutions that increase battery life and safety in electronic devices. Competitors in the space include Valence, Saft, and Lion Cells.

Nutrigreen

Series A in 2009
Nutrigreen Created in 2009 by a young, yet experienced team, responsible for launching innovative products on the market – Fruit and vegetables ready to eat – Nutrigreen is a Portuguese company which produces and markets fresh fruit derivatives, with solid partnerships with some of the major portuguese and european distributors.

Advanced Cyclone Systems

Venture Round in 2009
Advanced Cyclone Systems SA, founded in 2008 and based in Porto, Portugal, specializes in the development and international commercialization of advanced cyclone systems. The company offers a range of products, including Hurricane, Mechanical ReCyclone, and Electrostatic ReCyclone, along with retrofitting solutions for Multiciclones. These systems are primarily utilized for emission control and air dedusting in various sectors, such as biomass, coal, and fuel oil boilers, as well as in incineration, glass production, and metal processing industries. Additionally, they are employed in product recovery applications across pharmaceuticals, fine chemicals, food production, and mineral processing. Advanced Cyclone Systems focuses on providing efficient solutions that enhance performance and environmental compliance in high-temperature separation processes.

Spectrum Bridge

Series B in 2008
Spectrum Bridge is a privately held, telecommunication software company focused on making bandwidth more readily available to enterprises and consumers. The company's core business is providing greater availability and access to wireless bandwidth and the efficient allocation of spectrum within a wireless network. The company creates intellectual property (IP) and software applications, operates a spectrum exchange, and provides complete spectrum allocation solutions. Its patented technology provides wireless networks with the ability to dynamically access available spectrum via a database-driven cognitive network architecture.

Oceanlinx

Venture Round in 2008
Oceanlinx is an international renewable energy company with a unique, commercially efficient system for extracting energy from ocean waves and converting it to electricity, or utilising that energy to produce clean, fresh water from brine.

Watson Brown

Series A in 2008
Watson Brown HSM Limited develops and supplies polymer recycling technologies based on the principles of Mechanochemistry. It offers toll processing services, recycled compounds, down cycling compounds, and custom products. The company was founded in 1997 and is based in London, United Kingdom. It has operations in the United Kingdom, Germany, and America.

SafetyPay

Series A in 2008
SafetyPay is a global, secure Internet payment solution that enables online banking customers to make online purchases from merchants worldwide and pay directly through their local bank account in their local currency. SafetyPay was developed in response to the growing need for a safe and secure online payment method, which also could be used internationally.

Multiwave Photonics

Series B in 2008
Multiwave offers pulsed fiber lasers that allow the customer to control key operating parameters. Multiwave also offers other optical sources based on fiber-optic technologies, as well as product design, product development and engineering services aimed at developing and selling cost-effective and reliable products and solutions that resolve customer pains.

TxVia

Series B in 2008
TxVia offers the most advanced transaction processing technology for emerging payments and financial services, as well as comprehensive supporting services. Its solutions encompass the full scope of consumer, corporate and government payment applications. TxVia enables electronic payments with a platform-as-a-service (PaaS) delivery model, a fully customizable solution that supports its clients' specialized processing needs. TxVia clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits from its custom—rather than one-size-fits-all—platforms.

Maló Clinic

Series A in 2008
MALO CLINIC was established in 1995 by Dr. Paulo Malo. Today is world’s leader in Implantology and Dental Cosmetic as well as an Educational Centre on Oral Rehabilitation that trains over 3,500 professionals coming from all over the world per year. Besides Dentistry MALO CLINIC expanded to other health specialties, projecting an innovative concept of Medical Spa through a strong bet in wellbeing which resulted in the foundation of a Health Management business group spread worldwide known as MALO CLINIC Health & Wellness.

Atraverda

Series B in 2007
Atraverda is an advanced material company that owns the intellectual property rights to a conductive ceramic known worldwide through its trademark, Ebonex®.

OutSystems

Series B in 2007
OutSystems, Inc. specializes in a low-code platform designed for the development of enterprise web and mobile applications that can operate in cloud, on-premises, or hybrid environments. Founded in 2001 and headquartered in Boston, Massachusetts, the company provides tools that facilitate visual development, allowing organizations to create entire applications while easily integrating with their existing systems. The platform caters to IT leaders, enterprise architects, and professional developers, serving various sectors including insurance, banking, education, healthcare, and government. With a focus on enabling organizations to build enterprise-grade applications efficiently, OutSystems has gained a global customer base and recognition as a leading low-code solution.

Aquaspy

Venture Round in 2007
Intelligent water management reduces the need for costly new alternatives including recycling and desalination. It means knowing how much water is being used and where it can be saved. AquaSpy technology has been proven in the toughest environment of all - outback Australia. Its sensors have helped farmers improve yields by as much as 100%. Now they are being used across agricultural markets, in cities and towns, and beneath some of the world's finest golf courses, in the Americas, Australia and Europe. There are over 50,000 AquaSpy sensors in use around the world. AquaSpy Group has representation across the USA, Latin America and Australia.

Chipidea Microelectrónica

Series C in 2007
Chipidea Microelectrónica offers analog and mixed semiconductor solutions to wireless communications, digital media, and consumer electronics market segments. It provides analog subsystems for wireless and wire line communications, device-to-device connectivity, multimedia, and power management in Europe, Asia, and North America. The company offers analog and mixed Internet protocol products in various categories, including analog to digital converters, analog filters, analog front end, analog standard cells, audio and voice, clock management, digital modules, over sampling modulators, power management, radio frequency, USB link controllers, and USB physical interfaces for blue chip customers.

SuperBAC

Series A in 2007
Superbac develop our activities based on the responsible principle of nature self-remediation and create specific microorganism blends to fulfill different needs. We produce concentrated blends on an industrial scale, focusing on formulations which are easy to use and can be applied continually. Founded in 1995, SuperBAC is a biotechnological solution company, focusing on Innovation. Our solutions stimulate sustainability in the production processes in the fields of agribusiness, sanitation, energy, bioremediation, and retail. We have Research and Development centers and units in the United States, Brazil, and Colombia to come up with solutions that are environmentally correct and economically feasible.

SousaCamp

Series A in 2007
Sousacamp, SGPS, S.A. produces and supplies mushrooms for the food industry and households. The ocmpany is based in Braganca, Portugal.

Ophtalmopharma

Series A in 2007
OphthalmoPharma is a pharmaceutical company focused on developing treatments for various eye diseases, specifically targeting unmet medical needs in ophthalmology. The company's product pipeline includes therapies for dry eye syndrome, glaucoma, and age-related macular degeneration. OphthalmoPharma has partnered with Altacor, granting them exclusive rights to two proprietary therapeutic products aimed at treating glaucoma and dry eye. Additionally, Altacor holds exclusive rights to OphthalmoPharma's EyeBar, a nutraceutical designed to help prevent dry age-related macular degeneration, as well as a preloaded injector for the delivery of intraocular lenses in cataract and corrective lens replacement surgeries, known as SOLO.

Coreworks

Series A in 2006
Coreworks® S.A. is a leading provider of Semiconductor Intellectual Property (SIP) for multi-standard multimedia such as DTV, IPTV, portable audio players, and mobile internet devices. Our products have been implemented in a wide variety of technologies, for more than 30 customers worldwide. Our products include digital audio encoders and decoders such as Dolby Digital, Advanced Audio Coding (AAC and AAC+), MPEG1/2 Layers 1/2, digital audio interfaces such as SPDIF/AES-EBU, TDM, I2S, and asynchronous sample rate converters. Coreworks' products rely on the SideWorks™ patent pending technology for automatically creating pre-silicon configurable and post-silicon reconfigurable hardware accelerators. Our solutions achieve three to five times more efficiency in terms of silicon area and power consumption, compared to the competition. Coreworks was founded in 2001 by two professors of the Technical University of Lisbon (IST) doing research on Reconfigurable Computing at the Institute for Systems and Computer Engineering R&D (INESC-ID). The company received an A-series investment round from Espírito Santo Ventures in 2006, and three R&D grants from the Portuguese government. Its complex technology is still undergoing developments.

YDreams

Series A in 2006
Dreams is a global company that is redefining the concept of interactivity, with a focus on the exciting field of Augmented Reality technologies. Over the last few years they have been developing full-scale interactive environments (from stores to exhibitions), products and intellectual property, combining technology and design.

Global Active

Series A in 2006
Global Active is the Portuguese holding of a group of companies specialized in projects for agriculture, cattle breading and forest planning.

Clarity Payment Solutions

Venture Round in 2000
Clarity Payment Solutions develops electronic payment solutions and processes payment transactions for emerging and specialty markets.

Vortal

Series A in 2000
Vortal is a leading G2B2B (Government to Business to Business) eMarketplace operator, serving more than 50,000 companies and 2,000 contracting authorities in 3 continents. The company was founded in 2000 with a mission “to help our clients buying better and selling more", to achieve superior performance” in a high performance collaborative cloud-based solution. Vortal supports its customers through its offices in Portugal, Spain, UK and the Czech Republic , with a team of highly-motivated people from 7 nationalities. Business foundation has been built on becoming the leader in Portugal, both in the Private and Public markets regarding electronic procurement. Since 2010, Vortal has been consecutively distinguished as one of "100 best companies to work in Portugal", in a survey carried out by “Accenture" and "Exame" magazine. In 2011, the Association of Electronic Commerce and Interactive Advertising distinguished Vortal as the "Best B2B e-commerce website". At an International level, Vortal was included in the Deloitte “Technology fast growing 500 EMEA ranking” and recognized by Gartner regarding expertise and capabilities, namely in the publications “Strategies for Public-Sector Investment in Procurement Applications" and "Cool Vendors in Procurement Applications".