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

Past deals in Travel

Luggit

Seed Round in 2023
Luggit is a real-time luggage transportation service that connects independent travellers and businesses with drivers, known as Keepers. These Keepers collect and deliver luggage at selected times and locations, allowing users to travel without their bags.

Unlock Boutique Hotels

Seed Round in 2023
Unlock Boutique Hotels is a hotel management company founded in 2016 and based in Porto, Portugal. Specializing in small to medium-sized hotels, the company focuses on delivering unique and culturally authentic experiences to its guests. It operates a portfolio of boutique hotels that cater to various needs, including accommodations for weddings, meetings, events, and conferences, alongside in-house dining options. As a subsidiary of NEWMARK Hotels (Pty) Ltd, Unlock Boutique Hotels emphasizes excellence in hospitality while providing detailed information about stays in its distinctive locations across Portugal.

TOPO Tents

Seed Round in 2023
TOPO Tents is a Portuguese brand established in 2017, specializing in the production of rooftop tents designed for easy installation on any vehicle. The company offers a variety of tent models and colors, each equipped with a mattress and ceiling facility, enabling users to camp comfortably while enjoying the natural surroundings. TOPO Tents aims to enhance outdoor experiences by providing a convenient solution for those seeking to immerse themselves in nature and appreciate the beauty of the night sky.

The Independente Collective

Series A in 2021
A hospitality group specializing in hybrid hotel-hostel properties, offering unique and authentic travel experiences. Each property is designed to make guests feel welcomed and relaxed while immersing them in the local culture.

Sleep & Nature

Venture Round in 2021
Based in Montemor-o-Novo, Portugal, Sleep & Nature specializes in constructing and operating wellness-focused hotels. Their properties offer accommodation units alongside various facilities designed to promote relaxation, stress relief, and improved sleep through holistic services.

Wide Ocean Retreat

Venture Round in 2020
Wide Ocean Retreat is a business that specializes in organizing retreats focused on wellness and personal growth. It offers serene environments for its clients, featuring natural settings such as cliffs, waterfalls, forests, rivers, and sandy beaches. The company provides a range of services including suitable locations, healthy food options, outdoor classes, ayurvedic massages, surfing, horse riding, and hiking. These offerings are designed to help customers enhance their well-being and health through yoga and other wellness activities.

Luggit

Pre Seed Round in 2019
Luggit is a real-time luggage transportation service that connects independent travellers and businesses with drivers, known as Keepers. These Keepers collect and deliver luggage at selected times and locations, allowing users to travel without their bags.

Refundit

Venture Round in 2019
Refundit is a technology company that offers a fully digitalized tax refund platform aimed at simplifying the process of reclaiming value-added tax (VAT) for tourists. Founded in 2017 and headquartered in Tel-Aviv, Israel, Refundit enables travelers to obtain VAT refunds by simply taking photos of their shopping receipts through a user-friendly mobile app. This innovative approach eliminates the need for tedious paperwork and long queues at airports, allowing users to submit their claims digitally before departure. Refundit supports refunds from purchases made in over 50 countries, including small and medium-sized local stores, addressing the significant issue where nearly 90% of eligible refunds do not reach non-EU residents due to complex procedures. Additionally, Refundit distinguishes itself with a transparent handling fee of only 9%, significantly lower than the 30%-60% charged by traditional refund companies. The company also provides a pan-European platform for tax authorities, enhancing fraud prevention and enabling effective data analytics.

Azores Touch

Venture Round in 2019
Azores Touch is a tourism-focused business established in 2017 by Sérgio Cota. Based in the Azores, it offers comprehensive holiday planning services, including local accommodation rentals, car hire, and a wide array of land and sea-based activities. The company's mission is to provide tourists with a complete and remarkable experience during their stay in the Azores, ensuring memorable vacations through its extensive network of tourism partners.

Bag4Days

Seed Round in 2019
Bag4Days is a European luggage hire service that facilitates convenient and cost-effective travel by delivering and collecting high-quality, secure suitcases at customers' specified addresses across the continent. Users can rent their preferred suitcase and have it delivered to their home or any EU address, paying only for the duration of use, with Bag4Days handling collection upon return.

Sailside

Venture Round in 2019
Sailside is a peer-to-peer boat rental marketplace founded in 2017 and headquartered in Portugal. The company enables boat owners to list various types of boats, including sailboats and motorboats, for rent or charter without incurring any fees. Sailside aims to transform the boating experience by providing enthusiasts access to a global inventory of boats, allowing them to enjoy unique aquatic adventures without the financial burden of ownership. The platform facilitates the rental process by comparing prices and offering options that cater to different budgets. Additionally, Sailside ensures that users have access to insurance coverage and the option to hire a skipper, enhancing safety and convenience. By addressing the underutilization of boats, Sailside allows owners to generate income from their vessels while offering renters an affordable and enriching alternative to traditional accommodations and travel experiences.

TRY Portugal

Venture Round in 2019
TRY Portugal operates a travel agency and tour operations. TRY Portugal delivers a digital marketplace that unites the broadest national offer of a qualified Network of touristic programs, experiences, and outdoor activities.

Tripwix

Venture Round in 2019
Tripwix is a luxury vacation rental platform offering a curated portfolio of personally inspected and hosted properties in hand-picked locations around the world. The service provides selected accommodations with personalized local assistance and tailored services, enabling discerning travelers to enjoy high-quality stays and a reliable, enjoyable travel experience.

Live Electric Tours

Seed Round in 2018
Live Electric Tours is a tour operator based in Lisbon, Portugal, specializing in providing self-drive experiences using 100% electric vehicles for tourists. As a subsidiary of Electric Rent, the company facilitates online bookings for its electric vehicles, allowing visitors to explore cities in an eco-friendly manner. Each vehicle is equipped with free Wi-Fi, a GPS audio guide that optimizes traffic routes, and a live camera feature, enabling users to share their experiences in real-time on social media platforms. Live Electric Tours aims to offer a unique and sustainable way for tourists to rediscover urban exploration.

Great Hotels of the World

Seed Round in 2018
Great Hotels of the World is a renowned sales and marketing representation company for upscale independent hotels. They provide hotel sales and marketing alliances, sales, marketing, technology, and upscale independent hotels.

Strayboots

Seed Round in 2017
Strayboots Inc. is a technology and travel startup based in New York City, founded in 2008. The company specializes in providing mobile scavenger hunts designed for corporate team-building events, workplace activities, and organized outings. Strayboots offers an application that enables users to explore various locations, answer questions, and capture photos using their mobile phones. This platform allows companies, including Fortune 100 organizations, to create engaging and interactive experiences for both large and small groups. By facilitating the planning and execution of these events, Strayboots aims to enhance team engagement and foster collaboration among participants.

GuestU

Convertible Note in 2015
GuestU is a technology company that offers software-as-a-service (SaaS) mobile solutions specifically designed for the hospitality industry. Founded in 2015 and headquartered in London, the company operates in the United States, Spain, and China. GuestU provides a customizable mobile concierge platform that allows hotels, guesthouses, short-term rentals, and hostels to enhance the guest experience. This platform integrates with over 100 hotel systems, including property management systems, point of sale systems, and security locks, enabling hospitality providers to streamline operations and improve guest engagement. The mobile app offers features such as useful information, booking services, and offline GPS-guided routes, helping hoteliers to boost guest satisfaction. With a customer base exceeding 400 clients across more than 55 countries, GuestU is committed to optimizing the digital experience for both guests and hospitality operators.

GuestU

Seed Round in 2015
GuestU is a technology company that offers software-as-a-service (SaaS) mobile solutions specifically designed for the hospitality industry. Founded in 2015 and headquartered in London, the company operates in the United States, Spain, and China. GuestU provides a customizable mobile concierge platform that allows hotels, guesthouses, short-term rentals, and hostels to enhance the guest experience. This platform integrates with over 100 hotel systems, including property management systems, point of sale systems, and security locks, enabling hospitality providers to streamline operations and improve guest engagement. The mobile app offers features such as useful information, booking services, and offline GPS-guided routes, helping hoteliers to boost guest satisfaction. With a customer base exceeding 400 clients across more than 55 countries, GuestU is committed to optimizing the digital experience for both guests and hospitality operators.

XTourMaker

Seed Round in 2014
XTourMaker is a technology and services company that specializes in providing cloud-based mobile solutions for the hospitality and tourism sector. The company operates a web-based platform that enables users to create mobile applications and GPS tour guides tailored for hotels, bed and breakfasts, venues, tourism animation companies, tour operators, and various events. With a focus on innovation, XTourMaker has successfully delivered over 100,000 GPS-guided tours. Founded by a team of entrepreneurs with experience in launching tourism brands in Europe, the company has established a presence in both North America and Europe, contributing to its reputation as a fast-growing player in the industry.

GuestU

Seed Round in 2014
GuestU is a technology company that offers software-as-a-service (SaaS) mobile solutions specifically designed for the hospitality industry. Founded in 2015 and headquartered in London, the company operates in the United States, Spain, and China. GuestU provides a customizable mobile concierge platform that allows hotels, guesthouses, short-term rentals, and hostels to enhance the guest experience. This platform integrates with over 100 hotel systems, including property management systems, point of sale systems, and security locks, enabling hospitality providers to streamline operations and improve guest engagement. The mobile app offers features such as useful information, booking services, and offline GPS-guided routes, helping hoteliers to boost guest satisfaction. With a customer base exceeding 400 clients across more than 55 countries, GuestU is committed to optimizing the digital experience for both guests and hospitality operators.

Indie Campers

Seed Round in 2014
Indie Campers specializes in recreational vehicle rental services, offering a range of well-equipped campervans and motorhomes. Their unique one-way rental option allows customers to start their journey at one location and end it elsewhere, providing flexibility and an exceptional customer service experience.

youbeQ - Maps With Life

Seed Round in 2013
About youbeQ - Maps With Life youbeQ is a project born inside iNovmapping LDA, and now is property of Maps With Life, S.A. a iNovmapping LDA spin-off. Currently we are incubated in the "Instituto Pedro Nunes" (IPN) - Association for Innovation and Development in Science and Technology at the University of Coimbra, voted the best technology-based incubator of the world in 2010. What is youbeQ? youbeQ is a social hybrid reality platform integrated in Google Maps/Earth where you can travel around the world, discover new places, meet new people and share your own experiences among with friends. See what's going around you.
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