Indico Capital Partners

Indico Capital Partners is an independent venture capital firm based in Lisbon, Portugal, established in 2017. It specializes in investing in global technology companies across various sectors, including software as a service, artificial intelligence, cybersecurity, fintech, and digital platforms. Indico targets investments primarily at the Seed to Series A stages, aiming to support innovative startups that have the potential to become significant players in the market. The firm is led by experienced professionals who have contributed to many of Portugal's successful tech ventures, bringing a wealth of entrepreneurial and investment expertise. Indico seeks to capitalize on the growing entrepreneurship culture in Portugal, bolstered by a strong pool of tech graduates and an emerging startup ecosystem in cities like Lisbon. The firm is committed to identifying and backing the next generation of successful companies that embody the potential of the Portuguese tech landscape.

Rafael Conceicao

Associate

Cristina Fonseca

Co-Founder and General Partner

André Almeida Santos

Partner

Past deals in Portugal

Primetag

Venture Round in 2024
Primetag S.A., founded in 2016 and headquartered in Aveiro, Portugal, specializes in influencer marketing and image monetization through its innovative software platform. The company transforms online images into sales channels, allowing brands to effectively connect with influencers and manage their marketing efforts. Primetag's platform facilitates influencer analytics, recruitment, and collaboration, streamlining the process of influencer marketing to enhance scalability and return on investment. By creating dynamic points of sale within images, the platform encourages consumer engagement and purchase impulses, ultimately enabling businesses to expand their reach and drive sales.

Modatta

Seed Round in 2023
Modatta is a Lisbon-based company founded in 2018 that offers a mobile application functioning as a marketplace for consented private data. The platform connects consumers and companies, allowing them to negotiate the usage of personal data while ensuring compliance with privacy regulations such as GDPR. Modatta aims to create a decentralized wallet for personal data, enabling users to generate custom datasets on demand and monetize their interactions with businesses. The platform utilizes artificial intelligence to generate and validate data as well as to confirm user interactions, ensuring a secure and efficient process. By facilitating direct payments from companies to users for their data and profile-targeted interactions, Modatta provides a revenue-generating opportunity for consumers while offering businesses an compliant alternative to reach their target audience. The company boasts a rich dataset and a validated model for user acquisition, activation, and retention, contributing to its significant growth in the market.

BioMimetx

Seed Round in 2022
BioMimetx is a biotech startup based in Cantanhede, Portugal, that specializes in developing environmentally friendly antifouling solutions to combat marine biofouling. The company harnesses natural bacteria sourced from the environment, which secrete molecules that serve as effective antimicrobials, larvicides, and algaecides. These products can be integrated into marine paints and applied to hulls, nets, and other materials used in marine environments. By utilizing these innovative solutions, BioMimetx aims to help industries reduce fuel consumption and minimize the risk of introducing invasive species, all while preserving the health of marine ecosystems.

Spotlite

Seed Round in 2022
Spotlite, based in Coimbra, Portugal, specializes in developing monitoring systems that utilize satellite imagery for infrastructure assessment. The company's platform enables continuous large-scale monitoring to detect potential risks early, thus allowing clients to mitigate the likelihood of critical situations and associated damages. By providing analytics for asset management and maintenance operations, Spotlite supports infrastructure managers and operators in implementing timely preventive measures. This proactive approach is designed to prevent critical failures and minimize losses across various industries.

Exclusible

Seed Round in 2021
Exclusible is a curated Web3 platform founded in 2021 by Pierre Guigourese in Lisbon, Portugal, specializing in luxury digital assets. The company enables brands and communities to explore the potential of both physical and digital realms by providing a marketplace for buying, trading, and showcasing exclusive non-fungible tokens (NFTs) and digital goods tailored for luxury brands. Through its innovative platform, Exclusible aims to facilitate access to the Metaverse and Web3, creating opportunities for creativity and engagement while ensuring that the digital experience remains culturally relevant and accessible to a broad audience.

Modatta

Pre Seed Round in 2020
Modatta is a Lisbon-based company founded in 2018 that offers a mobile application functioning as a marketplace for consented private data. The platform connects consumers and companies, allowing them to negotiate the usage of personal data while ensuring compliance with privacy regulations such as GDPR. Modatta aims to create a decentralized wallet for personal data, enabling users to generate custom datasets on demand and monetize their interactions with businesses. The platform utilizes artificial intelligence to generate and validate data as well as to confirm user interactions, ensuring a secure and efficient process. By facilitating direct payments from companies to users for their data and profile-targeted interactions, Modatta provides a revenue-generating opportunity for consumers while offering businesses an compliant alternative to reach their target audience. The company boasts a rich dataset and a validated model for user acquisition, activation, and retention, contributing to its significant growth in the market.

Nutrium

Seed Round in 2020
Nutrium is a nutrition software company based in Braga, Portugal, founded in 2015. It provides an online platform designed to assist dietitians in monitoring and managing their patients' progress towards nutritional goals. The software simplifies various tasks for professionals by automating appointment scheduling and management, setting goals, and allowing patients to access their meal plans. It also securely stores dietary, personal, and clinical information, thereby enhancing the efficiency of dietitians and improving patient retention. Nutrium aims to transform the approach to nutrition by making access to nutrition professionals more readily available, promoting healthier eating habits on a global scale.

Unbabel

Series C in 2019
Unbabel Inc., established in 2013, specializes in online translation services. Headquartered in San Francisco with additional offices in New York, Pittsburgh, and Lisbon, the company combines machine translation with human editing to facilitate global business communication. Unbabel translates user-generated content like emails, wikis, and forums, offering solutions for customer service, tickets, and chat. Its services enable enterprises to serve customers in their native languages, bridging language barriers and fostering multilingual understanding.

Bitcliq Technologies

Seed Round in 2019
Bitcliq is a technology company based in Caldas da Rainha, Portugal, that operates a blockchain marketplace for fish trading. The platform connects fishing fleets directly with buyers, allowing retailers and restaurant owners to purchase fish as soon as it is caught at sea. By leveraging advanced technologies such as big data, artificial intelligence, Internet of Things (IoT), and cloud computing, Bitcliq enhances fleet management and fish procurement processes. Its innovative solutions aim to improve the efficiency and sustainability of the fishing and seafood industries, ensuring a more transparent and responsible supply chain.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.