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Venture capital firms in Lisboa

Source: FundingWatcher. Data as of 4 September 2026.

70
Venture capital firms in Lisboa
70
Rows shown
8
Stages recorded
2
Other types here
70 rows
# Name Location Investments Lead Exits People
1 Portugal Ventures Porto, Portugal 366 57 34 23
2 Shilling VC Lisbon, Portugal 111 21 12 9
3 Armilar Venture Partners Lisboa, Portugal 101 37 13 8
4 Explorer Investments Lisboa, Portugal 90 50 10 9
5 Faber Lisbon, Portugal 89 25 11 12
6 Indico Capital Partners Lisbon, Portugal 82 56 5 8
7 Caixa Capital Lisbon, Portugal 81 13 6 3
8 Bynd Venture Capital Lisbon, Portugal 72 12 7 6
9 LC Ventures Lisbon, Portugal 64 13 5 1
10 Iberis Capital Lisbon, Portugal 56 25 3 19
11 Lince Capital Lisbon, Portugal 55 21 2 8
12 MSM Lisbon, Portugal 50 18 3 5
13 maze impact Lisboa, Portugal 44 0 2 11
14 Start Ventures Lisbon, Portugal 34 4 3 4
15 BlueCrow Capital Lisboa, Portugal 33 12 0 20
16 Valutia Lisboa, Portugal 27 4 3 8
17 Best Horizon Lisbon, Portugal 26 0 1 0
18 APEX Capital Cascais, Portugal 25 8 1 17
19 Semapa Next Lisbon, Portugal 24 5 1 4
20 Ask Capital Lisboa, Portugal 23 15 4 3
21 HCapital Partners Lisbon, Portugal 19 8 0 9
22 Pathena Porto, Portugal 18 12 3 3
23 WISENEXT Lisboa, Portugal 17 1 0 1
24 GED Ventures Portugal Lisboa, Portugal 16 11 1 0
25 Shapers Lisbon, Portugal 15 0 1 0
26 Lightshift Capital Lisbon, Portugal 14 4 1 6
27 Cedrus Capital Lisboa, Portugal 14 1 2 6
28 Oxy Capital Lisbon, Portugal 12 4 3 0
29 PME Investimentos Porto, Portugal 12 2 0 0
30 Alpac Capital Lisboa, Portugal 10 7 2 5
31 M4 Ventures Lisboa, Portugal 9 1 0 2
32 Alea Capital Partners Lisbon, Portugal 8 5 0 6
33 Bionova Capital Lisbon, Portugal 8 1 0 0
34 COREangels EnterpriseTech Lisbon, Portugal 8 0 0 16
35 N1 investment company Lisbon, Portugal 7 2 0 1
36 Banco Portugues de Fomento Porto, Portugal 7 1 0 0
37 StableNode Lisbon, Portugal 7 0 2 0
38 200M Porto, Portugal 6 2 1 0
39 Nabais Capital Lisbon, Portugal 6 0 1 0
40 Novabase Capital Lisboa, Portugal 6 0 1 4
41 Betwixt Ventures Porto, Portugal 4 0 1 0
42 w3coins Lisbon, Portugal 4 0 1 0
43 hypra.fund Lisbon, Portugal 3 3 0 1
44 Gotbit Lisbon, Portugal 3 2 0 0
45 3 Comma Capital Lisbon, Portugal 3 1 0 10
46 Pacific Capital Partners Lisboa, Portugal 3 1 0 0
47 Raspberry Lisbon, Portugal 3 0 0 13
48 Teal Impact Lisboa, Portugal 3 0 1 3
49 Biovance Capital Lisbon, Portugal 2 2 0 0
50 Hangar X Lisbon, Portugal 2 1 0 0
51 Aquarius Innovation Fund Lisbon, Portugal 2 0 0 0
52 Beta-i Lisbon, Portugal 2 0 0 0
53 Capital criativo Lisboa, Portugal 2 0 0 0
54 InterCapital Lisbon, Portugal 2 0 0 0
55 Luminous Futures Lisbon, Portugal 2 0 0 0
56 Ground Capital Lisbon, Portugal 1 1 0 0
57 ISQ Fund Porto Salvo, Portugal 1 1 0 0
58 Bright Ventures Lisboa, Portugal 1 0 0 12
59 Bromelia Capital Lisboa, Portugal 1 0 0 0
60 Tejo Ventures Lisboa, Portugal 1 0 0 0
61 The Ongoing Group Lisboa, Portugal 1 0 0 0
62 Three51 - Teamplay Ventures Lisbon, Portugal 1 0 0 0
63 AgileGTM Capital Lisbon, Portugal 0 0 0 0
64 Battlefield Capital Porto, Portugal 0 0 0 0
65 Dealflow.eu Lisboa, Portugal 0 0 0 0
66 DRVE Lisbon, Portugal 0 0 0 0
67 Kopylkov Lisbon, Portugal 0 0 0 0
68 MeuCapital Lisboa, Portugal 0 0 0 0
69 Porto Venture Porto, Portugal 0 0 0 0
70 Transatlantic Highway Ventures Lisbon, Portugal 0 0 0 0

Table 1. Venture capital firms in Lisboa, by recorded investments. Source: FundingWatcher. Data as of 4 September 2026. Base: 70.

Investment stages

Among these 70
Early stage investors50 Seed investors50 Venture investors14 Late stage investors12 Private equity investors12 Convertible note investors7 Debt investors3 Non equity assistance1

Other investors in Lisboa

Angel investors36 Private equity firms21

Venture capital firms elsewhere

California3,118 New York1,753 England1,054 Central Region590 Massachusetts522 Texas505 Beijing475 Shanghai387 Florida382 Ile-de-France364 Seoul-t'ukpyolsi356 Illinois315 Hong Kong Island299 Tokyo299 Ontario295 Tel Aviv261 Guangdong252 Berlin220 Maharashtra210 Noord-Holland205 Bayern203 Sao Paulo201 Dubai200 Colorado198
Cite: FundingWatcher, 70 venture capital firms in Lisboa, 4 September 2026. https://fundingwatcher.com/investors/venture-capital-firms/lisboa-portugal/