Armilar Venture Partners

Armilar Venture Partners is a Lisbon-based venture capital firm founded in 2000, managing over 200 million euros in assets. The firm specializes in early-stage investments, focusing on seed/startup, incubation, and growth capital across various sectors. Primarily investing in technology, Armilar emphasizes clean technology, information technology, healthcare, and communications media. In the clean technology sector, the firm targets innovations aimed at reducing pollution, enhancing energy efficiency, and improving water management. Its information technology investments cover areas such as enterprise software, consumer internet, and advanced technologies like blockchain and the Internet of Things. In healthcare, Armilar is interested in medical devices and digital health solutions that improve quality of life, particularly for aging populations. The firm typically invests up to 0.3 million euros per project and seeks to maintain a minority stake while often taking board positions in its portfolio companies. Armilar's investment focus is primarily within Portugal, including the North, Centre, Alentejo, and Lisbon, as well as opportunities in Europe and the United States.

Pedro Almeida

Senior Associate

Rodolfo Condessa

Senior Associate

Nuno Leite

Chief Financial Officer

Vitor Martins

Senior Associate

Duarte Mineiro

Partner

Joaquim Sérvulo Rodrigues

Founder and Partner

Pedro Ribeiro Santos

Partner

Jose Guerreiro de Sousa

Partner

92 past transactions

Tonic App

Private Placement in 2019
Tonic App is a B2C2B digital health company building a professional ecosystem for medical doctors. Tonic App helps medical doctors to diagnose and treat their patients by curating, for them, in a single mobile platform, the best professional resources from peers, publishers, regulatory bodies, recruiters, providers & the industry.

StudentFinance

Seed Round in 2021
StudentFinance is a Fintech and Edtech company that aims to solve the skills gap, while transforming the trillion dollar education industry.they assess the skills society needs and make education affordable and accessible through Income Share Agreements. their technology and predictive model create an intelligence layer between talent,education programmes and employers to bring transparency and maximize employment outcomes.

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.

Ubiquity Global Services

Series A in 2012
Ubiquity Global Services is a business process outsourcing (BPO) organization headquartered in New York City. Their expanding network includes service delivery locations in the United States, El Salvador and the Philippines. Founded in 2012, Ubiquity offers innovative customer experience management solutions designed to improve user satisfaction while reducing total servicing costs. Their solutions include live customer support services, interactive voice response solutions (IVR), multichannel real-time servicing and a variety of physical correspondence services. Ubiquity has developed a next-generation technology platform that powers processes engineered for operational excellence while delivering their clients meaningful and actionable business intelligence. Together with their clients, Ubiquity is pioneering a new approach for maximizing the potential of every customer contact.

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.

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.

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".

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.

BERD

Series A in 2011
BERD S.A. engages in the design, development, manufacture, and supply of equipment for bridge construction. Its products include underslung, overhead, double span, and large span movable scaffolding systems. The company also offers consultancy services in the fields of bridge design and bridge building methods design. It operates primarily in Portugal, Spain, Czech Republic, France, Germany, Greece, Hungary, Poland, Romania, the United States, and the Russian Federation. BERD S.A. was founded in 2006 and is based in Matosinhos, Portugal.

Cintoo

Series A in 2022
Cintoo develops technologies and solutions for managing and leveraging the 3D data coming from Reality Capture devices in the cloud. Cintoo has developed a unique point cloud-to-surface technology that translates data from terrestrial laser scanners into a new generation Reality Data that is versatile, collaborative, distributable, streamable and efficient. This technology is embedded into Cintoo Cloud ™ , a laser scanning hardware and BIM platform agnostic cloud-based platform.

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.

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.

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.

Codavel, SA

Private Placement in 2020
Codavel, SA develops and commercializes products and services, based on unique and proprietary technology, for video broadcasting, over WiFi, to multiple simultaneous mobile devices. Codavel, SA was formerly known as Streambolico, Lda. The company was founded in 2012 and is based in Porto, Portugal.

Codacy

Private Placement in 2019
Codacy operates a platform of code patterns designed to complement unit tests. The company’s platform analyses code and grades it, provides with a glance of project health; and provides with the detailed information required to improve it by helping to tackle technical debt. Its platform also enables to build analysis. The company was formerly known as Qamine Limited and changed its name to Codacy on November 21, 2013. Codacy was founded in 2012 and is based in Lisbon, Portugal.

Ecofoot

Seed Round in 2013
Ecofoot was founded in 2012, with the goal of bringing H2COLOR and other exclusive products to the market. The team is a mix of researchers from the University of Minho and entrepreneurs and investors, all with a vision of a less toxicological, more ecological and sustainable coloration industry. Although very recent, Ecofoot has already been known in the media for its breakthrough technology: we are the first company using the concept of hybrid dyes.

Neuraspace

Seed Round in 2022
Neuraspace's proprietary AI technology enables more accurate satellite collision risk prediction and, by applying a data fusion strategy, offers increased robustness and resilience. The platform also automates many of the current manual processes and communications and delivers an end-to-end solution, providing operators with actionable orbital maneuver recommendations to avoid collisions, while delivering valuable insights to various other stakeholders including regulators, insurers and other Space-asset dependent businesses.

WalliD

Private Placement in 2019
WalliD is the global protocol for certified identity document transactions. WalliD allows users to encrypt and store their identity documents in their Ethereum wallets and enables safe and fast validations on the web to online services with Know-your-customer (KYC) requirements or subscription features. The protocol supports Certification Authorities (CAs) and digital certificates issued through public key infrastructure (PKI). This architecture ensures that all ID documents stored in users' wallets have a digital certificate issued by a reliable CA and that online services have a trustless way to validate them.

CASAFARI

Series A in 2021
Casafari LLC, a real estate metasearch, provides property search solutions for real estate professionals and institutional investors in Germany, Spain and Portugal. It collects and analyses data on prices; works with real estate agencies from brands across Iberia; tracks the real estate market by aggregating and matching properties from various sources; and provides property market intelligence through a Software-as-a-Service. The company is based in Lisbon.

Vawlt Tecnologies

Private Placement in 2019
Vawlt Tecnologies develops a multicloud solution that encrypts and stores data according to the users’ needs, distributing it across different public cloud services. The company is based in Portugal. Incorporated

OutSystems- Software em Rede, S.A.

Private Placement in 2020
OutSystems- Software em Rede, S.A. develops and operates a platform as a service model low-code rapid application development and delivery platform for clients to create, deploy, and manage enterprise mobile and Web applications in Portugal and internationally. The company offers banking applications and solutions in the areas of Omni-channel, in-branch applications, customer acquisition, loans and credit, risk management and compliance, and operations and back-office functions; insurance applications and solutions in the areas of core insurance operations, customer service, agents and partners, and sales and marketing; healthcare applications and solutions for hospital management, materials and procurement, and patient portals and service; and pharma and biotech applications and solutions for drug development, compliance, human resources, and business support. It also provides higher education applications and solutions in the areas of student success, enrollment management, financial management, and faculty resources; and various pre-built applications that include sales and marketing applications, such as mail/mobile order management, executive dashboard, customer portal, car accident reporting, sales, and credit request, as well as Intranet, human resources, and portal applications. In addition, the company develops applications and solutions for clients in life sciences; retail and consumer goods; energy and utilities; telecommunications; transportation and logistics; financial services; computer and technology; advertising, media, and publishing; travel, leisure, and entertainment; manufacturing; construction and engineering; and public sectors. OutSystems- Software em Rede, S.A. was founded in 2001 and is headquartered in Linda-a-Velha, Portugal with additional offices in Georgia, California, the Netherlands, the United Kingdom, the United Arab Emirates, Singapore, and Australia. It has reseller offices in Brazil, Finland, Japan, and South Africa. OutSystems- Software em Rede, S.A. operates as a subsidiary of Outsystems, Inc.

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.

FASTinov

Seed Round in 2015
FASTinov S.A. develops and markets a technology that reduces the time to obtain Antimicrobial Susceptibility Tests. The company was founded in 2013 and is based in Matosinhos, Portugal.

OutSystems

Series C in 2016
Outsystems, Inc. develops low-code platform for the development of enterprise web and mobile applications, which run in the cloud, on-premises or in hybrid environments. The platform combines low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems organizations. The company develops platform for IT leaders, enterprise architects, and pro developers. The company serves insurance, banking, education, healthcare, and government industries. The company was founded in 2001 and is based in Boston, Massachusetts.

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.

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.

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.

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.

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.

A123 Systems

Series E in 2009
Based on new, highly active nanoscale material initially developed at MIT, A123Systems' low impedance Nanophosphate electrode technology provides a competitive advantage over alternative high power technologies. A123's cell and electrode designs lower cost/watt and cost/watt-hour. They have higher voltage than other long-life systems, enabling lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall price-performance . Competitors include [Valence](http://www.valence.com), [Saft](http://www.saftbatteries.com) and [Lion Cells](http://www.lioncells.com).

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.

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.

Appentra

Private Placement in 2020
Appentra Solutions, S.L. develops software tools for guided parallelization. The company offers software tools for the democratization of high performance computing in various application areas of engineering, science, and industry. It offers Parallware Trainer, an interactive real-time editor with GUI features to facilitate the teaching, learning, and usage of parallel programming; and Parallelware Analyzer, a suite of command-line tools aimed at helping software developers to build quality parallel software in less time. Appentra Solutions, S.L. was founded in 2012 and is based in Corunna, Spain.

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.

Ophtalmopharma

Series A in 2007
OphthalmoPharma (OPPH) is a pharmaceutical company specializing in the development of ophthalmology treatments. Their product pipeline addresses major unmet medical needs including dry eye syndrome, glaucoma, and age-related macular degeneration (AMD). Ophthalmopharma has granted Altacor exclusive rights for its two proprietary therapeutic products for the treatment of glaucoma and dry eye as well as exclusive rights for its EyeBar, a nutraceutical for the prevention of dry AMD and the preloaded injector for delivery of intraocular lens in cataract and corrective lens replacement surgery (currently known as SOLO).

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.

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.

Rows

Venture Round in 2024
DashDash GmbH develops software solution that enables its users to create web applications. The company's software solution enables users to build application by typing functions into cells, connecting to online services for gathering data, and using functions to automate applications developed by users. The company was incorporated in 2016 and is headquartered in Berlin, Germany.

Tonic App

Series A in 2024
Tonic App is a B2C2B digital health company building a professional ecosystem for medical doctors. Tonic App helps medical doctors to diagnose and treat their patients by curating, for them, in a single mobile platform, the best professional resources from peers, publishers, regulatory bodies, recruiters, providers & the industry.

KIT-AR

Seed Round in 2024
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.

Appentra

Seed Round in 2023
Appentra Solutions, S.L. develops software tools for guided parallelization. The company offers software tools for the democratization of high performance computing in various application areas of engineering, science, and industry. It offers Parallware Trainer, an interactive real-time editor with GUI features to facilitate the teaching, learning, and usage of parallel programming; and Parallelware Analyzer, a suite of command-line tools aimed at helping software developers to build quality parallel software in less time. Appentra Solutions, S.L. was founded in 2012 and is based in Corunna, Spain.

Maven Pet

Pre Seed Round in 2022
Maven is a SaaS pet tech startup that provides a personal vet to track the pet’s safety and health 24/7. It focuses on using technology to improve the quality of life for pets, as well as offering pet owners peace of mind and a way to keep track of their pet's safety, health, and well-being on a continual basis through their own personal veterinarian. It was started by the founders of Findster Technologies in 2021 and is based in Porto, Portugal.

Bdeo

Series B in 2023
Bdeo provides a visual intelligence solution designed to change the way customers connect with insurance companies. Its platform enhances the customer journey beginning with underwriting and all the way through the time the claim is processed, also recognizing risks, damage, and providing assessments in real-time, allowing insurance companies to detect fraud or pay customers in the event a claim is approved. The company was founded in 2017 and is headquartered in Madrid, Spain.

Didimo

Series A in 2022
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.

Maven Pet

Seed Round in 2022
Maven is a SaaS pet tech startup that provides a personal vet to track the pet’s safety and health 24/7. It focuses on using technology to improve the quality of life for pets, as well as offering pet owners peace of mind and a way to keep track of their pet's safety, health, and well-being on a continual basis through their own personal veterinarian. It was started by the founders of Findster Technologies in 2021 and is based in Porto, Portugal.

Codacy

Series B in 2022
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.

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.

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.

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.

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.

brighter AI

Series A in 2022
Brighter AI Technologies GmbH designs and develops artificial intelligence enabled software solutions to recreate daylight images from night images taken by infrared cameras to correct limited and blurred vision. The solutions offer services such as frontal face reconstruction which supports security professionals to identify suspects. It also protects privacy GDPR which further assists to anonymize visual data. The company was incorporated in 2017 and is based in Berlin, Germany.

Reckon.ai

Seed Round in 2021
Reckon.ai develops Reckon, a cloud platform for smart retail product analysis and price comparison. The company's platform uses machine learning algorithms, data fusion, and computer vision to reshape the way retailers get their competitive intelligence data. It uses artificial intelligence (AI) and image recognition to help retailers track and optimize their pricing strategies against their competition. The company was founded in 2017 and is based in Lisbon, Portugal.

WalliD

Seed Round in 2019
WalliD is the global protocol for certified identity document transactions. WalliD allows users to encrypt and store their identity documents in their Ethereum wallets and enables safe and fast validations on the web to online services with Know-your-customer (KYC) requirements or subscription features. The protocol supports Certification Authorities (CAs) and digital certificates issued through public key infrastructure (PKI). This architecture ensures that all ID documents stored in users' wallets have a digital certificate issued by a reliable CA and that online services have a trustless way to validate them.

Clarity Payment Solutions

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

OutSystems

Series E in 2021
Outsystems, Inc. develops low-code platform for the development of enterprise web and mobile applications, which run in the cloud, on-premises or in hybrid environments. The platform combines low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems organizations. The company develops platform for IT leaders, enterprise architects, and pro developers. The company serves insurance, banking, education, healthcare, and government industries. The company was founded in 2001 and is based in Boston, Massachusetts.

iosil Energy

Private Equity Round in 2012
Iosil Energy Corporation produces "high purity polysilicon," the essential raw material for solar cells. The Corporation was founded in 2007, with its R&D facilities located in the National Institute for Nanotechnology In Edmonton, Alberta. The company has demonstrated its ability to produce high-purity solar grade polysilicon from the waste material (or “kerf”) created by wafer sawing operations, saving costs.

OutSystems

Series B in 2007
Outsystems, Inc. develops low-code platform for the development of enterprise web and mobile applications, which run in the cloud, on-premises or in hybrid environments. The platform combines low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems organizations. The company develops platform for IT leaders, enterprise architects, and pro developers. The company serves insurance, banking, education, healthcare, and government industries. The company was founded in 2001 and is based in Boston, Massachusetts.

Vawlt

Seed Round in 2019
Vawlt is a dynamic storage platform that simplifies the operation of multiple clouds while improving data security standards. The company is working in several technologies related to data security because we believe everyone is entitled to control and decide the destiny of their own data, and companies should be more responsible in handling such valuable, and personal, assets. Vawlt is a start-up from Lisbon, Portugal, founded by researchers from a very prolific R&D group - LASIGE - within the University of Lisbon.

Advanced Cyclone Systems

Venture Round in 2009
Advanced Cyclone Systems SA develops and commercializes cyclone systems. The company’s products include Hurricane (Numerically Optimized Cyclone), Mechanical ReCyclone, Electrostatic ReCyclone, and Electrostatic ReCyclone retrofitting Multiciclones. Its products are used for emission control and air dedusting applications in biomass boilers and coal boilers, fuel oil boilers, pyrolysis and incineration, glass furnaces, steel, iron and aluminum kilns, high temperature separation processes, and cement industries; and product recovery applications in pharmaceutical dryers, fine chemicals, food ingredients, nanoparticles, calcination processes, mineral processing, catalysts recovery, and high temperature separation processes. The company was founded in 2008 and is based in Porto, Portugal.

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!

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.

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.

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.

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.

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.

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.

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.

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.

Ynvisible Interactive Inc

Series A in 2013
Ynvisible Interactive Inc. develops and sells electrochromic displays in Europe. The company also provides system design, integration, and production services, which include applications and assessment, design and proof-of-concept, system integration and prototyping, production design and implementation, and commercial production. It serves the healthcare and wellness, consumer products, logistics and supply chain, and other printing industries. Ynvisible Interactive Inc. is headquartered in Vancouver, Canada.

Tonic App

Venture Round in 2019
Tonic App is a B2C2B digital health company building a professional ecosystem for medical doctors. Tonic App helps medical doctors to diagnose and treat their patients by curating, for them, in a single mobile platform, the best professional resources from peers, publishers, regulatory bodies, recruiters, providers & the industry.

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.

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®.

Appentra

Seed Round in 2020
Appentra Solutions, S.L. develops software tools for guided parallelization. The company offers software tools for the democratization of high performance computing in various application areas of engineering, science, and industry. It offers Parallware Trainer, an interactive real-time editor with GUI features to facilitate the teaching, learning, and usage of parallel programming; and Parallelware Analyzer, a suite of command-line tools aimed at helping software developers to build quality parallel software in less time. Appentra Solutions, S.L. was founded in 2012 and is based in Corunna, Spain.

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.

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.

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.

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.

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.

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.

Vawlt

Seed Round in 2024
Vawlt is a dynamic storage platform that simplifies the operation of multiple clouds while improving data security standards. The company is working in several technologies related to data security because we believe everyone is entitled to control and decide the destiny of their own data, and companies should be more responsible in handling such valuable, and personal, assets. Vawlt is a start-up from Lisbon, Portugal, founded by researchers from a very prolific R&D group - LASIGE - within the University of Lisbon.

StudentFinance

Series A in 2023
StudentFinance is a Fintech and Edtech company that aims to solve the skills gap, while transforming the trillion dollar education industry.they assess the skills society needs and make education affordable and accessible through Income Share Agreements. their technology and predictive model create an intelligence layer between talent,education programmes and employers to bring transparency and maximize employment outcomes.

Tonic App

Series A in 2019
Tonic App is a B2C2B digital health company building a professional ecosystem for medical doctors. Tonic App helps medical doctors to diagnose and treat their patients by curating, for them, in a single mobile platform, the best professional resources from peers, publishers, regulatory bodies, recruiters, providers & the industry.

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.

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.

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.

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.

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.