Indico Capital Partners

Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia.In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset. Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecossystem.

Cristina Fonseca

General Partner

Stephan Morais

Managing General Partner

RR

Rui Rodrigues

Partner

Ricardo Torgal

General Partner and CFO

25 past transactions

Zenklub Serviços Ltda

Series A in 2021
Zenklub Serviços Ltda operates a platform that allows users to find psychologists for online emotional health sessions. It offers video, voice, and chat sessions; personal development and emotional well-being services; and encrypted video sessions. The company also solves issues related to anguish, depression, stress, phobias, insomnia, panic syndrome, anxiety, self-knowledge, and jealousy. It offers its services through online platform and mobile applications. The company was incorporated in 2016 and is based in Pinheiros, Brazil.

Infraspeak

Series A in 2021
At Infraspeak they believe in simplicity as a way of a better work and life quality. A Facility Management Software should work for managers and technicians, and never the opposite. That is why their philosophy is to automate, to speed up, and to simplify all the process of registering, transmission and consulting the information. They aim to fully eliminate the use of paper and time expenses with administrative tasks, which doesn’t contribute at all for the success and the quality of the service they offer to their clients.

TIER Mobility

Series B in 2019
TIER Mobility is a Berlin-based provider of sustainable micro-mobility sharing-solutions. TIER is the fastest-growing micro-mobility company worldwide, expanding its operations to 32 European cities in less than nine months. Through its platform and focus on operational excellence, TIER allows for the integration of all micro-mobility assets. This enables TIER to enter strategic partnerships with public transportation, and other mobility providers such as SIXT. Currently, TIER has strategic partnerships with public transportation providers in Berlin, Munich, and Bonn. The company is lead by an experienced founder team with a proven track record in sustainability and technology with the vision to transform the quality of life in cities.

Relive

Pre Seed Round in 2022
Relive is creating a trusted, global brand focused on simplifying the real estate journey, as a digital, transparent and efficient experience. We believe that the real estate industry has been left behind in terms of technology and proper systems to support people looking to buy, sell, or rent a house. We expect simple answers and resources at our fingertips and that is why we are building a digital platform that simplifies and aggregates the real estate journey in a transparent, efficient, but also sustainable & more human way.

Infraspeak

Convertible Note in 2019
At Infraspeak they believe in simplicity as a way of a better work and life quality. A Facility Management Software should work for managers and technicians, and never the opposite. That is why their philosophy is to automate, to speed up, and to simplify all the process of registering, transmission and consulting the information. They aim to fully eliminate the use of paper and time expenses with administrative tasks, which doesn’t contribute at all for the success and the quality of the service they offer to their clients.

kencko foods, inc.

Series A in 2022
kencko foods, inc. produces and sells organic fruit and vegetable products in the United States, the United Kingdom, and Canada. The company offers sachet-based drink, including ten pack, thirty pack, and sixty pack. kencko foods, inc. was founded in 2017 and is based in New York, New York with a processing facility in Lisbon, Portugal.

Sound Particles

Seed Round in 2022
Sound Particles is a CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world. Particle Systems are a common tool used in computer graphics and VFX to create fuzzy/shapeless objects like fire, rain, dust or smoke. Instead of animating all individual points (water drops, grains of dust or smoke), the user creates a particle system, an entity that is responsible for the creation and management of thousands of small objects. Sound Particles uses the same concept, but for audio: each particle represents a sound source (instead of a 3D object) and a virtual microphone captures the virtual sound of the particles (instead of the virtual CGI camera).

TIER Mobility

Series A in 2018
TIER Mobility is a Berlin-based provider of sustainable micro-mobility sharing-solutions. TIER is the fastest-growing micro-mobility company worldwide, expanding its operations to 32 European cities in less than nine months. Through its platform and focus on operational excellence, TIER allows for the integration of all micro-mobility assets. This enables TIER to enter strategic partnerships with public transportation, and other mobility providers such as SIXT. Currently, TIER has strategic partnerships with public transportation providers in Berlin, Munich, and Bonn. The company is lead by an experienced founder team with a proven track record in sustainability and technology with the vision to transform the quality of life in cities.

EatTasty

Seed Round in 2019
Producing every-day tasty food through a decentralized model, aiming to deliver the best food through the biggest community of producers.

Zenklub Serviços Ltda

Seed Round in 2019
Zenklub Serviços Ltda operates a platform that allows users to find psychologists for online emotional health sessions. It offers video, voice, and chat sessions; personal development and emotional well-being services; and encrypted video sessions. The company also solves issues related to anguish, depression, stress, phobias, insomnia, panic syndrome, anxiety, self-knowledge, and jealousy. It offers its services through online platform and mobile applications. The company was incorporated in 2016 and is based in Pinheiros, Brazil.

Anchorage

Series C in 2021
Anchorage is the first crypto-native Qualified Custodian for institutional investors, offering a comprehensive platform complete with trading, staking, and governance. Co-founded by security engineers from Square and Docker, Anchorage has raised $57 million in funding from such leading investors as Visa and Andreessen Horowitz, and counts as clients many of crypto’s largest and best-known funds, including Blockchain Capital, BlockTower, Polychain, and Paradigm. It was founded in 2017 and is headquartered in San Francisco, California.

Infraspeak

Seed Round in 2019
At Infraspeak they believe in simplicity as a way of a better work and life quality. A Facility Management Software should work for managers and technicians, and never the opposite. That is why their philosophy is to automate, to speed up, and to simplify all the process of registering, transmission and consulting the information. They aim to fully eliminate the use of paper and time expenses with administrative tasks, which doesn’t contribute at all for the success and the quality of the service they offer to their clients.

Nutrium

Seed Round in 2020
With the Nutrium platform, millions of patients will experience the most integrated and effective nutrition counselling service which will combine professional advice, continuous monitoring and seamless access to commercial products.

Sound Particles

Seed Round in 2019
Sound Particles is a CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world. Particle Systems are a common tool used in computer graphics and VFX to create fuzzy/shapeless objects like fire, rain, dust or smoke. Instead of animating all individual points (water drops, grains of dust or smoke), the user creates a particle system, an entity that is responsible for the creation and management of thousands of small objects. Sound Particles uses the same concept, but for audio: each particle represents a sound source (instead of a 3D object) and a virtual microphone captures the virtual sound of the particles (instead of the virtual CGI camera).

Zenklub Serviços Ltda

Seed Round in 2020
Zenklub Serviços Ltda operates a platform that allows users to find psychologists for online emotional health sessions. It offers video, voice, and chat sessions; personal development and emotional well-being services; and encrypted video sessions. The company also solves issues related to anguish, depression, stress, phobias, insomnia, panic syndrome, anxiety, self-knowledge, and jealousy. It offers its services through online platform and mobile applications. The company was incorporated in 2016 and is based in Pinheiros, Brazil.

Barkyn, Lda

Series A in 2020
Barkyn, Lda owns and operates an e-commerce platform for pet owners, offering personalized feed and online veterinarian services. The company provides a subscription box, which includes natural food, and access to the service providers, at customer’s door step. The company allows users to order a feed or a custom pack by creating an online profile of their dog through the company’s platform. Further, the company offers its clients with a vet chat support and an email service. Barkyn, Lda offers its products online, through a subscription plan. Barkyn, Lda was founded in 2016 and is based in Porto, Portugal.

Unbabel

Series C in 2019
Unbabel enables modern enterprises to serve customers in their native languages, with always-on, scalable translation across digital channels. Powered by AI and refined by a global community of translators, Unbabel combines the speed and scale of machine translation with the authenticity that can come only from a native speaker. Unbabel has raised over $31M in funding and has over 200 employees across its Lisbon headquarters and offices in San Francisco, New York, and Pittsburgh. Leading brands like Facebook, Microsoft, Booking.com, and EasyJet use Unbabel to make their customers happier and their support operations vastly more efficient.

Attentive.us

Seed Round in 2019
Attentive.us develops sales assistant software that allows users to create deals, check their status, and create tasks. It offers Attentive, a sales assistant that scans the users activity and deals to find information and help them close more deals; lets users to know what deal can impact their performance; and know the best moment to get back on a stale deal. Attentive.us was founded in 2014 and is based in Braga, Portugal.

360imprimir

Series C in 2020
• Bizay has empowered more than 1 Million SMB’s to grow their businesses during the last 5 years. • Bizay is a tech-based B2B Marketplace for made-to-order products. Running a fabless business model (no capex), it leverages on the idle capacity of production partners to meet the needs of the SMB’s. • Started on printing, packaging, textile and professional products and now applying the same model in furniture, food and 3D printing (amongst others). • 360imprimir / 360onlineprint - rebranded to Bizay - Your bussiness your way - to reflect the unlimited product categories. • Bizay is the customer facing brand (the SMB’s do not meet the production partners) and its tech platform manages the production by: o Using data and algorithms to aggregate different orders and to decide in which suppliers to produce them, driving huge efficiency and speed gains. o Enabling full tracking of the orders in the different production partners and automating pre-production processes. • Bizay differentiates themselves from other players by offering: o Online configuration of the products (options to customize and personalize). o Competitive pricing for small and medium orders (similar price per unit as for large orders), 48 hours of delivery time (instead of several weeks) and guaranteed quality (customer-facing brand ensuring high quality levels). o Integrated value chain in a single offer (on-demand design services provided by external providers). • Originally selling in Portugal, Spain, Brazil and México, the company raised B round of 18m€ one year ago (communicated in April) in order to launch new countries. • 17 new countries were launched in 2019 simultaneously (including DE, FR, UK and USA). • In 2019, 8 months of trading in the new countries confirm: o Competitiveness pricing of their offer in all the market. o Market deepness and sound acquisition metrics.

Barkyn, Lda

Seed Round in 2019
Barkyn, Lda owns and operates an e-commerce platform for pet owners, offering personalized feed and online veterinarian services. The company provides a subscription box, which includes natural food, and access to the service providers, at customer’s door step. The company allows users to order a feed or a custom pack by creating an online profile of their dog through the company’s platform. Further, the company offers its clients with a vet chat support and an email service. Barkyn, Lda offers its products online, through a subscription plan. Barkyn, Lda was founded in 2016 and is based in Porto, Portugal.

Bitcliq

Seed Round in 2019
The first blockchain e-marketplace for wild fish trading and BIG EYE - Smart Fishing are two great examples of what they are doing and how their vision and expertise applying Big Data, AI, IoT, Blockchain, Web/Mobile and Cloud Computing are impacting fishing and seafood industries, making them more efficient and sustainable today and in the years to come.