Shilling

Shilling Capital Partners, established in 2011 and headquartered in Lisboa, Portugal, is a venture capital firm focusing on early-stage investments. It specializes in startups, angel, and growth capital, primarily in the technology and digital sectors within Portugal. The firm typically invests between €0.1 million to €1 million, aiming for a 60x multiple on follow-on investments. Shilling differentiates itself by offering more than just capital; it provides access to its Shilling Platform, which connects founders with successful entrepreneurs and executives, aiding in venture validation, development, and global market acceleration.

Pedro Ramalho Carlos

Partner

Pedro Rosa

Senior Analyst

Past deals in Lisbon

Luca

Seed Round in 2024
Luca is an educational startup focused on providing a learning platform for primary and secondary students in Spanish-speaking Latin American countries. The platform features pre-recorded K12 videos, gamified content, and AI-powered personalized study paths, all designed to align with the official academic curriculum and prepare students for national exams. By employing diverse learning techniques, Luca aims to democratize education and enhance students' study habits, ultimately improving their learning routines. The company is headquartered in Mexico City, with additional offices in Lisbon and Madrid.

Vawlt

Seed Round in 2024
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.

Modatta

Seed Round in 2023
Founded in 2018, Modatta operates from Lisbon, Portugal. It offers a mobile application marketplace facilitating consent-based private data transactions between companies and consumers. The platform enables users to monetize their personal data while ensuring compliance with privacy regulations like GDPR.

RealFevr

Series A in 2022
RealFevr is a Portuguese startup based in Lisbon, founded in 2015, focused on fantasy sports platforms. The company operates an online fantasy sports platform that supports classic leagues for beginners and draft leagues for experienced players, with mobile apps that let users assemble teams and compete for rewards such as non-fungible tokens. It positions itself as a market leader in Portugal, with partnerships with Liga Portugal, the Portuguese Football Federation and other entities, and has grown to serve over 1.2 million registered users globally. The team has backgrounds in IT, gaming, betting and blockchain, and employs more than 25 people across Europe, with ongoing plans to expand. RealFevr aims to establish itself in the global sports NFT market and pursue international expansion, leveraging its experience in fantasy leagues to offer an enhanced user experience and new digital collectibles.

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.

Luca

Pre Seed Round in 2021
Luca is an educational startup focused on providing a learning platform for primary and secondary students in Spanish-speaking Latin American countries. The platform features pre-recorded K12 videos, gamified content, and AI-powered personalized study paths, all designed to align with the official academic curriculum and prepare students for national exams. By employing diverse learning techniques, Luca aims to democratize education and enhance students' study habits, ultimately improving their learning routines. The company is headquartered in Mexico City, with additional offices in Lisbon and Madrid.

RealFevr

Series A in 2021
RealFevr is a Portuguese startup based in Lisbon, founded in 2015, focused on fantasy sports platforms. The company operates an online fantasy sports platform that supports classic leagues for beginners and draft leagues for experienced players, with mobile apps that let users assemble teams and compete for rewards such as non-fungible tokens. It positions itself as a market leader in Portugal, with partnerships with Liga Portugal, the Portuguese Football Federation and other entities, and has grown to serve over 1.2 million registered users globally. The team has backgrounds in IT, gaming, betting and blockchain, and employs more than 25 people across Europe, with ongoing plans to expand. RealFevr aims to establish itself in the global sports NFT market and pursue international expansion, leveraging its experience in fantasy leagues to offer an enhanced user experience and new digital collectibles.

Vawlt

Seed Round in 2020
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.

Biocol Labs

Convertible Note in 2020
Biocol Labs, founded in 1977 and based in Lisbon, Portugal, develops natural health products that serve as alternatives to conventional over‑the‑counter chemical medicines. The company focuses on plant‑based preventives and remedies designed to activate the body’s vital functions and protect cellular integrity from environmental stressors such as pollution, electronic radiation, ultraviolet light, and genetically modified foods. By combining nature and science, Biocol Labs aims to reduce reliance on synthetic chemicals and provide consumers with effective, science‑backed solutions for a range of ailments.

Modatta

Pre Seed Round in 2020
Founded in 2018, Modatta operates from Lisbon, Portugal. It offers a mobile application marketplace facilitating consent-based private data transactions between companies and consumers. The platform enables users to monetize their personal data while ensuring compliance with privacy regulations like GDPR.

CASAFARI

Seed Round in 2019
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.

Unbabel

Series A in 2016
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.

Elecctro

Pre Seed Round in 2015
Elecctro is a Lisbon-based company that specializes in manufacturing M2M (Machine-to-Machine) electronic solutions specifically designed for vending machines. Their flagship product, VendIoT, functions as a comprehensive platform that integrates various services under the Vending-as-a-Service model. Elecctro's offerings include advanced cloud-based software that connects vending machines to both physical and digital environments, facilitating new payment methods and enabling remote monitoring of all machine activities. This integration allows for efficient maintenance, enhanced security, and continuous management, ultimately reducing operational costs and improving the return on investment for customers in the vending market.

Unbabel

Seed Round in 2014
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.
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