Armilar Venture Partners

Armilar Venture Partners, Formerly known as Espírito Santo Ventures - Sociedade de Capital de Risco, SA is venture capital firm specializing in seed/startup, early venture, incubation, and growth capital investments. The firm typically invests in the technology sector with a particular focus on the clean technology, Information technology, healthcare and wellbeing, and communications media and technology sectors. Within the clean technology space, the firm seeks to invest in technologies that replace existing chemical; reduce polluting emissions; address problems related to the global warming, environment protection, and natural resources efficient management, with special emphasis on the development of new energy forms; and technologies that are related to the purification and management of potable water, water treatment appliances; new / renewable energy sources; new efficient and non-polluting industrial/agricultural processes; energy efficiency; desalination and water efficiency; and natural resource efficiency. Within Information technology it focuses on Enterprise software, consumer internet, and communication technologies, new payment solutions, semiconductors, block chain applications, augmented reality, and virtual reality, internet of things, electronics, and Information technologies. The firm’s healthcare area addresses medical devices and services to minimize the ageing problems, diagnosis and therapeutic procedures and devices to increase the quality of the modern extended life expectancy, and nutrition. Also MedTech, BioTech and Digital Health. Its preference in the communications media and technology sector includes technologies and processes for the telecom industry (wireless, cellular, etc.), internet based business models, new payment solutions, new materials and microelectronics. It also invests in electric utilities, online bill payment services, financials, environmental and facilities services. It primarily invests in Portugal with a focus on North, Centre, Alentejo and Lisbon, Europe and United States of America. It typically makes a maximum investment of €0.3 million ($0.42 million) per project. The firm seeks to hold a minority stake at its portfolio companies. It prefers to take a seat on the board of its portfolio companies, Armilar Venture Partners, Formerly known as Espírito Santo Ventures - Sociedade de Capital de Risco, SA was founded in 2000 and is based in Lisbon, Portugal.

Pedro Almeida

Senior Associate


Rodolfo Condessa

Senior Associate

João Dias


Nuno Leite


Vitor Martins

Senior Associate

Duarte Mineiro


Joaquim Sérvulo Rodrigues


Pedro Ribeiro Santos


José Guerreiro de Sousa