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

João Paulo Alpendre

CFO and Managing Partner

Pedro Castel-Branco

Senior Associate

Rodolfo Condessa

Principal

Carmo Sousa Coutinho

Senior Associate

João Miguel Dias

Principal

Nuno Leite

CFO

Vitor Martins

Senior Associate

Joaquim Sérvulo Rodrigues

Partner, CEO and Founder

Inês Macedo Santos

Senior Associate

Pedro Ribeiro Santos

Partner

Past deals in Lisbon

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 LLC is a real estate metasearch company based in Lisbon that offers property search solutions for real estate professionals and institutional investors in Germany, Spain, and Portugal. The company focuses on enhancing transparency in the real estate market by building a comprehensive database of properties. It collects and analyzes data on property prices, collaborates with various real estate agencies, and aggregates listings from multiple sources. Utilizing proprietary technology, Casafari cleans, deduplicates, and evaluates property information in real-time, enabling users to identify lucrative investment opportunities. Additionally, the platform provides predictive analytics, alerts for new listings and price changes, and status tracking to help users stay informed about market developments and optimize their property transactions.

Codavel

Seed Round in 2020
Codavel is a developer of an innovative content delivery platform designed to enhance mobile application performance by addressing the challenges of unstable wireless networks, including Wi-Fi and cellular connections. The company's technology provides end-to-end control over network conditions, enabling applications to remain fast and responsive regardless of the user's device or location. By significantly improving the end-user experience, Codavel allows clients to effectively manage content delivery, ensuring that it remains efficient and uninterrupted even in adverse network situations. This focus on optimizing the balance between quality of experience and content delivery network costs positions Codavel as a key player in the realm of digital connectivity.

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 designed to assist developers in optimizing their code review processes and managing technical debt more effectively. By analyzing code and grading code patterns, Codacy enables developers to monitor project health and track new issues by severity level for each commit and pull request. This functionality allows for a more efficient code quality assessment, helping to identify problematic patterns and bugs while reducing the time spent on code style reviews. Ultimately, Codacy aims to streamline the development workflow, allowing teams to focus on delivering high-quality software more rapidly.

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.

Codacy

Seed Round in 2015
Codacy is an automated code review tool designed to assist developers in optimizing their code review processes and managing technical debt more effectively. By analyzing code and grading code patterns, Codacy enables developers to monitor project health and track new issues by severity level for each commit and pull request. This functionality allows for a more efficient code quality assessment, helping to identify problematic patterns and bugs while reducing the time spent on code style reviews. Ultimately, Codacy aims to streamline the development workflow, allowing teams to focus on delivering high-quality software more rapidly.

Codacy

Seed Round in 2013
Codacy is an automated code review tool designed to assist developers in optimizing their code review processes and managing technical debt more effectively. By analyzing code and grading code patterns, Codacy enables developers to monitor project health and track new issues by severity level for each commit and pull request. This functionality allows for a more efficient code quality assessment, helping to identify problematic patterns and bugs while reducing the time spent on code style reviews. Ultimately, Codacy aims to streamline the development workflow, allowing teams to focus on delivering high-quality software more rapidly.

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.

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.

Domatica

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.

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.
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