Portugal Ventures

Portugal Ventures is a venture capital firm based in Porto, Portugal. Founded in 2012 as part of the Banco Português de Fomento group, it concentrates on investing in innovative, science- and technology-based companies and in tourism and industrial sectors. The firm targets early-stage funding, including pre-seed, seed, and Series A rounds, and also engages in expansion investments for small and medium enterprises seeking international growth. Its portfolio spans digital technology, manufacturing, therapeutics, health tech, artificial intelligence, cybersecurity, virtual reality and augmented reality, internet of things, and related areas, aiming to stimulate the Portuguese economy and support global scaling. Portugal Ventures emerged from the merger of AICEP Capital Global, InovCapital, and Turismo Capital, consolidating state-backed private equity activity to back startups and scale-ups in Portugal.

Maria João Almeida

Investor

Miguel Barbosa

Investment Director

Miguel Botto

Investment Director

António Nabais Carvalho

Director

Patrícia Costa Ph.D

Investment Manager

Pedro Cunha

Investment Manager

Afonso Granate Fernandes

Investor

Fernando Peres Ferreira

Investor

Rui Ferreira

Executive Vice President

Adelina Figueiredo

Investor

Teresa Fiúza

Executive Vice President

Pedro Grilo

Investment Manager

Nuno Macedo

Investment Manager

António Martinez

Investor

Adão Oliveira

Investor

Filomena Pastor

Investor

João Pereira

Investor

Pedro Quelhas

Investment Manager

Joana Rocha

Investor

Sílvia Silva

Investment Manager

Helena Taveira

Investor

Ana Lobo Xavier

Investor

Nuno de Almeida

Investment Manager

Past deals in Lisbon

Hoopers

Seed Round in 2024
Hoopers is a digital and global basketball community platform that connects players, fans, and enthusiasts through online communities, content, experiences, revitalized courts, and physical initiatives. It enables players to connect with others via digital and physical programs, organize events, access innovative products, and engage with exclusive content and NFT experiences, forming a basketball tech community and broader ecosystem.

Glooma

Pre Seed Round in 2023
Glooma, headquartered in Braga with operations in Lisbon, specializes in FemTech innovations focused on breast health. The company's flagship product is SenseGlove, a home medical device designed to enhance breast self-examinations by monitoring and detecting abnormalities. By empowering women with accessible technology, Glooma aims to improve early detection of breast issues and redefine preventive care.

Hoopers

Venture Round in 2022
Hoopers is a digital and global basketball community platform that connects players, fans, and enthusiasts through online communities, content, experiences, revitalized courts, and physical initiatives. It enables players to connect with others via digital and physical programs, organize events, access innovative products, and engage with exclusive content and NFT experiences, forming a basketball tech community and broader ecosystem.

Fraudio

Seed Round in 2022
Founded in 2019, Fraudio is a payment fraud detection company headquartered in Amsterdam with an R&D office in Lisbon. It uses AI technology to safeguard transactions across the payments ecosystem by identifying fraudulent merchants and money laundering activities.

WalliD

Seed Round in 2022
WalliD, SA is a company that specializes in online identification and authentication solutions, focusing on the secure management of digital identities. Founded in 2018 and headquartered in Lisbon, Portugal, WalliD has developed a global protocol for certified identity document transactions. The company offers various tools, including ImportiD, a desktop application that extracts attributes from certified documents, and MyEtherID, a web application that encrypts and stores identities on a smart contract. WalliD enables users to securely encrypt and store their identity documents in Ethereum wallets, facilitating safe validations for online services that require Know-Your-Customer (KYC) compliance. The company's architecture supports Certification Authorities and digital certificates through public key infrastructure, ensuring that all identity documents stored in users' wallets are backed by reliable digital certificates. Additionally, WalliD provides data verification services, allowing platforms to validate user identities using governmental IDs and other identity infrastructures, thereby enhancing the security and privacy of digital identity management.

Hoopers

Seed Round in 2022
Hoopers is a digital and global basketball community platform that connects players, fans, and enthusiasts through online communities, content, experiences, revitalized courts, and physical initiatives. It enables players to connect with others via digital and physical programs, organize events, access innovative products, and engage with exclusive content and NFT experiences, forming a basketball tech community and broader ecosystem.

Reckon.ai

Seed Round in 2021
Reckon.ai is a technology company based in Lisbon, Portugal, founded in 2017, that specializes in developing a cloud platform known as Reckon. This platform is designed for smart retail product analysis and price comparison, leveraging machine learning algorithms, data fusion, and computer vision. Reckon.ai addresses the challenges of competitive analysis in the retail sector by providing tools that enable retailers to track and optimize their pricing strategies against competitors. The platform also assists retailers in inventory management, helping them allocate products more effectively across different store locations by forecasting potential revenue based on various factors such as demographics and customer behavior. Through its innovative solutions, Reckon.ai aims to enhance the efficiency and effectiveness of retail operations in a rapidly evolving digital landscape.

Merytu

Seed Round in 2021
Merytu is an online recruitment platform founded in 2019 and headquartered in Lisbon, Portugal. The platform connects professionals with companies, allowing users to choose and manage their jobs while providing the opportunity to rate both jobs and employers. Merytu facilitates a streamlined process for businesses to find suitable candidates and for professionals to secure short-term work opportunities. Users receive payment after each job evaluation, enhancing their engagement with the platform and ensuring quality feedback for employers.

Reckon.ai

Venture Round in 2021
Reckon.ai is a technology company based in Lisbon, Portugal, founded in 2017, that specializes in developing a cloud platform known as Reckon. This platform is designed for smart retail product analysis and price comparison, leveraging machine learning algorithms, data fusion, and computer vision. Reckon.ai addresses the challenges of competitive analysis in the retail sector by providing tools that enable retailers to track and optimize their pricing strategies against competitors. The platform also assists retailers in inventory management, helping them allocate products more effectively across different store locations by forecasting potential revenue based on various factors such as demographics and customer behavior. Through its innovative solutions, Reckon.ai aims to enhance the efficiency and effectiveness of retail operations in a rapidly evolving digital landscape.

Swatter Company

Venture Round in 2021
Swatter Company, based in Lisboa, Portugal, specializes in developing mobile systems for the control of unmanned aerial vehicles (UAVs). Focused on enhancing national and international security, Swatter's technology aims to address the challenges posed by unauthorized drones in restricted areas. The company effectively manages digital pathways and signal emissions to prevent interference, thereby providing defense organizations with innovative solutions to safeguard sensitive environments.

Goclever

Seed Round in 2021
Goclever, established in 2019 and headquartered in Lisboa, focuses on digitizing the physical world through innovative technology for economic benefits. The company has developed an AI-driven platform designed to enhance the efficiency of maritime operations by utilizing advanced sensors. Its system includes tools for waste management and cargo verification, aimed at optimizing port operations. By improving these processes, Goclever helps the maritime industry reduce costs and streamline the logistics of goods, contributing to a more sustainable and efficient supply chain.

REATIA

Seed Round in 2020
REATIA is a Lisbon-based company established in 2018 that specializes in developing and operating a metasearch platform for the real estate market. The company utilizes artificial intelligence to aggregate a comprehensive database of real estate listings, providing users with access to a wide array of properties and their histories. In addition to property aggregation, REATIA offers services such as market analytics and property valuation, which help users make informed decisions in buying and selling real estate. By delivering accurate and complete market information, REATIA aims to address the challenges of chaos and asymmetric information prevalent in the real estate industry, thereby enhancing the effectiveness of property transactions.

Mercadão

Venture Round in 2019
Mercadão is an online marketplace based in Lisbon, Portugal, that specializes in delivering a diverse range of products from various retailers. The company distinguishes itself by offering on-demand services that allow for deliveries within two hours, catering to customers' immediate needs. Its extensive product offerings span multiple categories, including groceries, beauty products, pet supplies, wines, toys, and supplements. By enabling real-time order tracking, Mercadão enhances the shopping experience, allowing customers to efficiently manage their purchases while benefiting from a streamlined delivery schedule.

Fonte Online

Venture Round in 2019
Fonte Online develops and manages online businesses for its clients. The company offers online business and application management, consulting, and investing. Furthermore, it offers expertise in value proposition, delivery operation implementation and monitoring, communication strategy, SEO and SEM, and internationalization. Fonte Online was launched in 2014 by Goncalo Soares and Ricardo Monteiro and is based in Lisboa.

Reckon.ai

Venture Round in 2019
Reckon.ai is a technology company based in Lisbon, Portugal, founded in 2017, that specializes in developing a cloud platform known as Reckon. This platform is designed for smart retail product analysis and price comparison, leveraging machine learning algorithms, data fusion, and computer vision. Reckon.ai addresses the challenges of competitive analysis in the retail sector by providing tools that enable retailers to track and optimize their pricing strategies against competitors. The platform also assists retailers in inventory management, helping them allocate products more effectively across different store locations by forecasting potential revenue based on various factors such as demographics and customer behavior. Through its innovative solutions, Reckon.ai aims to enhance the efficiency and effectiveness of retail operations in a rapidly evolving digital landscape.

CellmAbs

Seed Round in 2019
CellmAbs, established in 2019 and headquartered in Lisbon, Portugal, specializes in developing therapies for glycoimmunology and oncology. As a spin-off from NOVA University of Lisbon, the company focuses on creating solutions for cancer treatment, immunotherapies, and glycobiology. CellmAbs has swiftly grown into an internationally experienced team, having produced several preclinical candidates targeting solid tumors by leveraging advanced knowledge of cancer-specific glycan targets.

OLIÓFORA

Venture Round in 2019
Oliófora is a Portuguese company that specializes in the production and sale of natural cosmetic products. Founded in 2013 and based in Telões, the company extracts high-quality cold-pressed oils from nuts and seeds to formulate personal hygiene items and therapeutic massage oils. Its product range includes sweet almond oil, hazelnut organic oil, grape seed oil, shower oil-gel, shampoos, and soaps. Oliófora's offerings are designed for both individual consumers and the hospitality industry, particularly targeting boutique hotels, luxury eco-resorts, and wellness centers. The company's products are available for purchase online and can be found in various hotels and spas across regions such as Douro, the Algarve, and Lisbon. By combining cold-pressed oils with herbal extracts, algae, and floral essences, Oliófora aims to provide quality natural beauty products that enhance skincare and wellness.

Mapidea

Seed Round in 2018
Mapidea is a Lisbon-based provider of geographic information software and location analytics. Founded in 2014, the company offers a no-code enterprise location analytics SaaS that enables users to view and analyze business data on maps by integrating internal information with statistics and public data and performing spatial analyses. The platform helps organizations make geography-based decisions such as geographic expansion, monitor sales performance and competitive activity, and improve precision marketing and customer service across territories. Its solution serves large enterprises, including Vodafone, Domino's Pizza and Novartis, to align location with business data and optimize decision-making.

Mapidea

Seed Round in 2017
Mapidea is a Lisbon-based provider of geographic information software and location analytics. Founded in 2014, the company offers a no-code enterprise location analytics SaaS that enables users to view and analyze business data on maps by integrating internal information with statistics and public data and performing spatial analyses. The platform helps organizations make geography-based decisions such as geographic expansion, monitor sales performance and competitive activity, and improve precision marketing and customer service across territories. Its solution serves large enterprises, including Vodafone, Domino's Pizza and Novartis, to align location with business data and optimize decision-making.

Egg Electronics

Seed Round in 2016
EGG Electronics is a Portuguese tech startup based in Lisbon, focused on simplifying the charging experience for electronic devices. The company has garnered attention for its innovative EGG PowerStation, a charging dock capable of charging up to 15 devices simultaneously. This product is designed to be both functional and aesthetically pleasing, featuring customizable covers that enhance its appeal. Its flat surface allows for versatile placement, making it accessible in various settings. EGG Electronics caters to both individual consumers and businesses, offering solutions for personal use as well as corporate environments, such as meeting rooms or as promotional gifts.

Doinn

Seed Round in 2016
Founded in 2015, Doinn is a Lisbon-based company that develops a platform connecting short-term rental hosts with professional cleaning, laundry, and check-in services. The platform streamlines operations by enabling easy scheduling, real-time tracking, and communication between service providers and hosts. It also facilitates the purchase of cleaning supplies and linen rentals from vetted providers across six countries.

VideObserver

Seed Round in 2015
Videobserver, SA is a sports technology company based in Lisbon, Portugal, that specializes in video editing and performance analysis for sports. The company operates a subscription-based online platform, which enables users to predict and analyze video content. Through its services, Videobserver allows teams to collect essential information during games, edit and analyze footage post-game, and generate statistical insights at both team and individual levels. By democratizing access to advanced performance analysis tools, Videobserver empowers smaller teams and clubs to enhance their preparation and operational capabilities, enabling them to compete more effectively with larger organizations.

Bica Studios

Seed Round in 2015
Bica Studios Ltd. is a game development studio based in Lisbon, Portugal, established in 2013. The company focuses on creating games for web, smartphones, and tablets, emphasizing simple controls and engaging narratives featuring charismatic characters. Bica Studios aims to enhance the gaming experience by fostering social connections through its games, which are designed as entertainment services. Additionally, the studio offers a digital gaming platform that supports the development of 3D and virtual reality games, allowing players to enjoy immersive experiences alongside friends and other users. Through its innovative approach, Bica Studios positions itself as a key player in the evolving landscape of mobile gaming.

MyChild

Seed Round in 2014
MyChild is a parent engagement system and application for childcare centers and preschools. The application informs parents about their children’s growth and screens developmental disorders. MyChild is based in Lisbon, Lisboa.
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