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.

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.

Founded in Lisbon, Portugal in 2000, Armilar Venture Partners is a venture capital firm with approximately €300 million under management. The company invests primarily in seed and early-stage companies across various sectors including enterprise software, AI/ML, IoT, industrials, cybersecurity, blockchain, and other emerging technologies in the United States and Europe.

Iberis Capital is a private equity firm and investment manager based in Lisbon, Portugal, founded in 2017, with a value-oriented investment approach targeting information technology, fintech, and industrial sectors.

Caixa Capital is the private equity and venture capital division of Caixa Geral de Depósitos, based in Lisbon, Portugal. Established in 1991, it has over two decades of experience in the industry, making it a prominent player in the Portuguese investment landscape. The firm manages more than 700 million Euros and boasts a diverse portfolio of over 80 investments across various sectors, including consumer, enterprise, life sciences, cleantech, energy, industrial, infrastructure, and services. Caixa Capital focuses on investing in companies with strong management teams and high growth potential, aiming to achieve attractive risk-adjusted returns while contributing positively to society. Its longstanding presence and extensive network link it to key European sector associations, reinforcing its status as a leading investor in the region.

Established in 2016, Lince Capital is an independent venture capital company based in Lisbon, Portugal. With a heritage rooted in over three decades of family experience managing diverse investment funds, the firm offers personalized support and maintains close relationships with investors and partners. Lince Capital focuses on investments across accommodation, industrial, retail services, health, and technology sectors.

Indico Capital Partners is a venture capital firm based in Lisbon, Portugal that backs technology startups at the Seed to Series A stage. The firm focuses on software as a service, artificial intelligence, internet of things, fintech and cybersecurity, among other digital technologies, with a global growth orientation. Founded in 2017, the team comprises experienced investors and entrepreneurs credited with helping Portugal's tech ecosystem produce notable success stories and with the ability to support portfolio companies as they scale internationally. Indico seeks to partner with ambitious teams aiming to extend their reach beyond Portugal, offering hands-on support in product development, market entry and expansion.

Faber, established in 2012, is a Lisbon-based venture capital firm focusing on early-stage deep tech startups. It invests in innovative companies that intersect science and technology, driving digital transformation and climate action. Faber's portfolio spans AI/Data, Web3, and Ocean/Climate technologies, with notable investments including Unbabel, SWORD Health, and Codacy. The firm differentiates itself in Southern Europe through its entrepreneurial management partnership and thesis-driven approach, backed by prominent institutions and private investors.

Founded in 2016, BlueCrow Capital is a venture capital firm based in Lisboa, Portugal. It focuses on investments in robotics & ICT, medtech, biotech, sustainable food, leisure, industrial, and agriculture sectors.

Founded in 2014, HCapital is a Portuguese private equity firm focused on investing in small and medium-sized enterprises operating in the energy, smart territories & mobility, industrial processes, and data & connectivity sectors across Iberia.

EDP Ventures is the corporate venture arm of EDP Energias de Portugal. It targets seed, series A and early-stage startups operating in energy-related sectors, including energy efficiency, energy storage, smart grids, electric mobility, and information technology. The firm invests across regions, typically providing €0.5 million to €5 million in early-stage rounds. Based in Lisbon, Portugal, EDP Ventures maintains an additional office in Sao Paulo, Brazil. By backing high-potential startups, it seeks to accelerate innovation and adoption of clean energy and digital technologies within the broader energy ecosystem.

Explorer Investments, established in 2003, is a leading private equity firm based in Lisbon, Portugal. It specializes in growth capital, buyouts, and expansion financing, investing in various sectors excluding real estate and finance. The firm typically deploys €15-45 million in equity per deal, with a total potential investment of up to €150 million including debt. Explorer seeks active involvement in its portfolio companies, taking at least one Board seat and aiming for a majority or minority stake with decisive influence. It targets a three to six-year exit horizon, primarily through sales to strategic or financial investors. Additionally, the firm offers real estate and tourism advisory services.

LC Ventures is a venture capital firm established in 2014 and headquartered in Lisbon, Portugal. The firm specializes in investing in early-stage technology startups, primarily focusing on pre-seed, seed, and Series A funding rounds. Its investment strategy is centered on innovative software solutions, and it aims to support globally minded founders across Europe, North America, and Latin America, with a particular emphasis on companies in Portugal's northern, central, Lisbon, and Alentejo regions. LC Ventures typically makes initial investments of up to €200,000, with total funding for a startup reaching up to €1 million. The firm prides itself on quick decision-making processes, allowing entrepreneurs to concentrate on scaling their businesses. Additionally, LC Ventures leverages its extensive network of international mentors and partners, who collectively bring significant experience in the tech sector, to aid startups in their growth and preparation for subsequent funding rounds.

Bionova Capital is a healthcare-focused venture capital firm based in Lisbon, Portugal, established in 2015. It invests in seed and early-stage life science companies across Europe, with a focus on therapeutics, biotechnology, digital health, medical devices and related health technology. The firm typically makes minority investments of roughly €200,000 to €1,000,000 per project, supporting startups through early growth and scale. It is formed by shareholders of Hovione, a large Portuguese pharmaceutical company, linking Bionova Capital to a broader pharmaceutical and research background, though it operates as an independent investment firm. The approach emphasizes backing innovative ventures in Europe that aim to advance drugs, diagnostics and health tech from concept to market.

Mustard Seed Maze (MSM) is an impact investment firm based in Lisbon, Portugal, established in 2018. As a joint venture between Mustard Seed and MAZE, MSM focuses on early-stage ventures in Europe, specifically targeting companies at the pre-seed to Series A stages. The firm is dedicated to supporting entrepreneurs who are committed to creating sustainable businesses that address significant social and environmental challenges. With a fund size of 45 million euros, MSM aims to empower brave founders who are devising innovative solutions to some of the world's most pressing issues.

Established in 2016, Start Ventures is a global early-stage venture capital firm headquartered in Lisbon, Portugal. The company focuses on investing in B2B startups within the financial services sector, including fintech and insurtech.

Novabase is a Portuguese technology group delivering IT consulting, system integration and digital transformation services. It offers business solutions, infrastructures and managed services, including banking systems, middleware, and multi-channel capabilities that support financial institutions in daily operations and regulatory compliance. The company serves government, transport, energy, insurance, and stock market sectors, and provides IT staffing and services to financial services and telecommunications through its Next-Gen segment, with a Value Portfolio segment serving government, transport and energy. The group also maintains a venture capital arm investing in Portuguese ICT startups, illustrating a mix of services and growth finance. Based in Portugal, Novabase focuses on delivering digital transformation, IT infrastructure, and software solutions across public and private sectors to enable real-time monitoring, regulatory adherence and enhanced business results.

3xP Global is an asset management firm based in Lisbon, Portugal, founded in 2018. It emphasizes ESG integration in the investment process and seeks to invest in sustainable companies, while taking an active role in supporting founders throughout the investment cycle.

Founded in 1996, Buenavista Equity Partners is an independent private equity group operating primarily in the Iberian Peninsula and South-Eastern Europe. The firm focuses on buyouts and expansion deals, backing medium-sized companies with growth potential to become regional market leaders.

Crest Capital Partners is a private equity firm based in Lisbon, Portugal, founded in 2017. It concentrates on mid-market investments across Portugal and targets opportunities in agribusiness, forestry, agritourism and animal protein sectors, focusing on companies with sustainable business models and a dedicated management team.

EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.

Established in 2022, 3 Comma Capital is a venture capital firm headquartered in Lisbon, Portugal. It specializes in investing in Web3 and blockchain technologies.

Euronext is a leading pan-European exchange operating within the Eurozone, providing a platform that connects local economies to global capital markets. It features trading venues in major cities including Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris. Euronext primarily focuses on cash equities, fixed income, and derivatives, which include both index and single stock products. Following the acquisition of Borsa Italiana, Euronext expanded its operations to include control over CC&G, an Italian multi-asset clearing house, and Monte Titoli, Italy's central securities depository. This acquisition enhances Euronext's existing capabilities, which also include central securities depositories in Norway, Denmark, and Portugal. Additionally, Euronext owns several prominent stock market indices, such as the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20, further solidifying its position in the European financial landscape.

Tejo Ventures is a diversified venture capital firm based in Lisbon, Portugal, founded in 2021. The firm focuses on investing in a range of sectors, including fintech, health tech, sustainability, education, female empowerment, real estate, renewable energy, and climate initiatives. By targeting these areas, Tejo Ventures aims to support innovative companies that contribute positively to social and environmental challenges.

Founded in 2021, Yellow Rocks! is a venture capital firm investing in early-stage companies with global expansion potential. They focus on disruptive technologies and aim for startups to reach $1 billion valuation. With a team distributed across the USA, Portugal, and Armenia, they leverage their collective experience from organizations like World Bank, IFC, Google, EPAM, MIT, Harvard, Stanford, Y Combinator, TechStars, MassChallenge, and 500 Startups.

Shapers is a venture capital firm established in 2023 and located in Lisbon, Portugal. The company focuses on investing in the fintech sector, targeting innovative founders and startups across Europe. Backed by experienced operators in the global fintech landscape, Shapers aims to support the growth of emerging fintech businesses, contributing to the development and evolution of the financial technology ecosystem in the region.

Founded in 2016, K Fund is a Madrid-based venture capital firm focusing on early-stage investments in digital-first companies across Spain, Portugal, and Latin America. It aims to promote the evolution of the Spanish startup ecosystem.

Sapec operates in the fields of chemical products, logistics, and agro commodities in the Iberian Peninsula and internationally. Its Chemical Products segment engages in the manufacture, packaging, and distribution of water treatment and chemical products primarily for construction, automotive, paper, water treatment, and chemical industries. Sapec’s Port Logistics segment owns and operates solid and liquid bulk port terminals. Its Land Logistics segment operates multimodal land terminals for the storage and distribution of goods in containers or swap bodies. Sapec's Agro Commodities Distribution segment imports and distributes raw materials for animal feeds, primarily soy and soy derivatives. It also owns 300 hectares of the industrial park in Setúbal, approximately 100 hectares of industrial land and 100 hectares for tourism in Lousal in Portugal, and office space in Lisbon. Sapec began operation in 1926. Its headquarters is in Brussels in Belgium.

GrayBella Capital is a venture capital firm founded in 2019, with its headquarters in Bilbao, Spain, and additional offices in London, Boston, Lisbon, Madrid, and Vilnius. The firm specializes in investing in early-stage companies within the life sciences and complex technology sectors, focusing on areas such as healthcare technology, diagnostics, artificial intelligence, data analytics, patient monitoring, and various deep tech applications like IoT, cloud platforms, machine learning, and fintech. GrayBella Capital targets investments ranging from €3 million to €8 million and aims to invest primarily in companies located in the United Kingdom, Ireland, Spain, Portugal, and select regions in Northern and Central Europe. The firm actively participates in its portfolio companies through board positions and seeks early exits by prioritizing investments with clear liquidity options.

Valutia is a venture capital firm founded in 2020, with its headquarters in Lisbon, Portugal. The firm specializes in investing in business-to-business marketplaces, software as a service (SaaS), and companies that leverage network effects. Valutia aims to support exceptional entrepreneurs in the early stages of their ventures, assisting them in building iconic and globally recognized businesses. With a focus on fostering innovation, Valutia seeks to identify and nurture promising startups that have the potential to make a significant impact in their respective industries.

Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.

European Investment Bank is the EU's long-term lending institution owned by its member states. It finances public and private sector projects across transportation, energy, telecommunications, health, education, water, housing, and other sectors in the European Union and beyond. The bank provides a range of financing tools including project loans, guarantees, debt and equity investments, and risk-sharing arrangements, as well as microfinance and venture capital funds. It also offers advisory services, infrastructure funding, and support for urban development, PPPs, and sustainable energy projects. Through infrastructure and environmental funds and partnerships with banks and intermediaries, it supports SMEs, innovation, and the transition to a low-carbon economy.

Founded in 2010 and based in Lisbon, Portugal, Bynd Venture Capital is a venture capital firm specializing in seed and early-stage investments. It primarily invests in Information Technology (web, mobile, e-commerce, software, hardware), health (biotechnology, medical technology, digital health), and industrial/consumer goods sectors across Europe, with a focus on Portugal, and the United States.

The Clean Energy Finance Corporation invests commercially to overcome market barriers and stimulate private sector funding in renewable energy, energy efficiency, and low emissions technologies, aiming to facilitate Australia's transition to a carbon-constrained economy.

PME Investimentos is a state-owned investment company focused on enhancing entrepreneurship, innovation, competitiveness, and the internationalization of the Portuguese economy. Over the past 30 years, it has provided support to Portuguese companies through specialized investment vehicles and funds. Operating under the supervision of the Portuguese Central Bank, PME Investimentos utilizes equity instruments for investment and manages debt instruments in collaboration with banks and the Mutual Guarantee System.

REDangels is an angel investor group based in Aveiro, Portugal, founded in 2014, that focuses on seed-stage investments in Portuguese startups.

Pontos is a family-owned private equity and real estate investment company based in Helsinki, Finland. Established in 2001, it operates in Finland, the Baltic States, and Portugal. The firm focuses on a diverse range of investments, including commercial real estate, property development projects, and real estate development companies. Additionally, Pontos invests in property technology, listed shares, fixed-income investments, and private equity funds, reflecting a broad investment strategy aimed at various sectors within the real estate and financial markets.

Semapa Next is a venture capital firm established in 2017 and based in Lisbon, Portugal. It focuses on investing in exceptional founders and teams across various sectors, including B2B, B2C, energy, financial services, healthcare, information technology, and materials and resources. The firm targets investments from Series A to late-stage funding, aiming to support leaders who are making a positive impact on the world. Semapa Next offers not only financial backing with patient capital but also a wealth of entrepreneurial, operational, and financial expertise. Its team, along with a network of advisors, brings direct experience in critical areas such as sales and marketing, talent management, finance, and mergers and acquisitions. Additionally, the firm provides access to Semapa's Group and its international network, facilitating opportunities for business development, technology piloting, and the management of global enterprises.

MUFG Bank, Ltd., established in 1957, is a prominent commercial bank headquartered in Sydney, Australia, with a global presence in 41 countries. It offers a comprehensive suite of banking products and services, including loans, deposits, guarantees, remittances, foreign exchange, derivatives, cash management, trade finance, and asset finance. As a subsidiary of MUFG Bank, Ltd., it operates as part of Mitsubishi UFJ Financial Group (MUFG), one of the world's largest banks with approximately $3.2 trillion in assets. MUFG's services span corporate and investment banking, transaction services, and personal banking, catering to individual, corporate, and institutional clients worldwide.

Beta Capital is a private equity and venture capital firm based in Porto, Portugal, founded on September 24, 2003, by a group of entrepreneurs focused on financing innovative startups. The firm specializes in both direct and fund of funds investments, targeting seed and early-stage companies, along with opportunities in recapitalization, bridge financing, industry consolidation, and buyouts of small and medium-sized enterprises. Beta Capital primarily invests in technology-intensive sectors, including information technology, renewable energies, biotechnology, and new materials, while also considering exceptional projects from other industries. The firm typically invests between €0.05 million and €1 million in equity, with a preference for university spin-offs and technology transfer initiatives. With a typical investment horizon of four to six years, Beta Capital aims to exit its investments once projects reach a stage that attracts other investors, such as corporate entities or traditional venture capital firms. The firm emphasizes hands-on support and collaboration with Portuguese universities and research centers to foster scientific innovation and entrepreneurship.

Neva SGR, established in 2020, manages venture capital funds for professional investors seeking diversification and high-yield opportunities. As part of the Intesa Sanpaolo Group and wholly owned by its Innovation Center, Neva SGR leverages the group's strength, resources, and network to identify trends and invest responsibly. Its primary goal is to boost Italy's economy through technology-focused investments.

Glovo is a Barcelona-based start-up that revolutionizes access to local goods through its on-demand delivery application. The platform connects customers with independent couriers who deliver a wide range of products, including food, groceries, and personal items, within 60 minutes. Glovo operates in several countries, including Spain, Italy, Portugal, France, Argentina, Chile, Bolivia, and Peru. Users can browse their favorite restaurants and shops, place orders, and track deliveries in real-time using the app's geolocation feature. This service effectively acts as a personal courier, allowing customers to receive goods and complete errands quickly and efficiently.

Sonae IM is the corporate venturing arm of the Sonae Group, specializing in investments in technology-driven companies aligned with Sonae's core business sectors. Operating with a flexible investment strategy, Sonae IM combines its technological expertise and brand capital with a global network to support its portfolio companies. The organization's history of corporate venturing dates back to initiatives such as the establishment of revenue assurance leader WeDo in 2001 and the successful spin-off of Mainroad in 2003. Sonae IM has also made strategic investments in the cybersecurity sector, notably in the Spanish company s21sec, and in location analytics through its investment in Movvo. Since its formal launch in 2015, Sonae IM has invested in companies like InovRetail, StyleSage, and Sysvalue, further enhancing its portfolio. The firm has also engaged in the acquisition of stakes in funds managed by ES Ventures and launched Bright Pixel, a company builder studio. Sonae IM operates from Porto, Portugal, and reflects Sonae's long-standing commitment to corporate venturing.

Founded in 2013, Alpac Capital is a Lisbon-based venture capital firm focusing on European companies, particularly those in Hungary and Portugal. It invests in technology companies with B2B products/services, telecom operators, industrial/agro businesses, healthcare services, and other scalable ventures. Alpac takes an active role in business development to support scale-ups and ensures professional management. The firm looks for experienced teams with market-tested products/services.

COREangels is a global network of hands-on angel investors focusing on early-stage startups. They invest in coachable founders, contributing expertise and networks to build successful companies connected to local ecosystems.

Nexxus Iberia is a private equity firm established in 2016 and headquartered in Madrid, Spain. The company specializes in identifying suitable management teams and businesses that can enhance growth without imposing excessive debt on its portfolio companies. Nexxus Iberia targets investments in various sectors, including B2B, commercial products, non-financial services, transportation, healthcare services, information technology, agriculture, and chemicals and gas, primarily within the Iberian Peninsula, encompassing both Spain and Portugal.

Bright Pixel Capital, established in 2015, serves as the corporate venture capital arm of Sonae and is headquartered in Maia, Portugal. The firm focuses on investing in companies that operate within the cybersecurity, retail technology, and infrastructure software sectors.

Westpac Banking Corporation, founded in 1817 and headquartered in Sydney, Australia, is a prominent financial services provider. The bank offers a comprehensive range of banking and financial solutions across multiple sectors, including consumer, business, and institutional banking. Its services encompass everyday banking, savings, loans, credit cards, insurance products, and investment options. Westpac also specializes in transaction banking, corporate and structured finance, trade finance, and treasury services, catering to a diverse clientele that includes individuals, small and medium enterprises, and government entities. Additionally, Westpac operates in New Zealand, where it provides consumer banking, commercial, corporate, and institutional services, as well as investment and insurance solutions. The company's long-standing history and extensive experience in the financial sector position it as a key player in both the Australian and New Zealand markets.

Vallis Capital Partners, established in 2010 and headquartered in Porto, Portugal, is an independent holding company dedicated to managing private equity and investment funds. Fully owned by its founding partners, the company employs a proactive ownership approach, actively engaging with its subsidiaries and benefiting from the extensive track record of its management team and non-executive directors. Vallis Capital Partners prioritizes long-term, intrinsic value creation, focusing on sectors such as agricultural technologies, food, healthcare, information technology, and consumer products. The company aligns its interests with those of its limited partners, adopting best governance practices and committing to long-term, active investor relationships.

Frulact is a business group established in 1987 that specializes in providing value-added ingredients for the food and beverage industry. The company primarily produces fruit and vegetable preparations for dairy products, ice cream, desserts, beverages, and plant-based alternatives. With a focus on innovation, Frulact offers a wide range of customized and unique product solutions tailored to meet the diverse needs of its customers. The group has a global footprint, operating eight factories across five countries, including Portugal, Morocco, France, South Africa, and Canada. Frulact is recognized as one of the world's leading companies in its sector, positioned among the top five in the market.