11 Best Active Pre Seed Investors in Lisbon in 2025
In the vibrant investment landscape of Lisbon, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2025, we've compiled a list of the top investors in Lisbon, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.
This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Lisbonin the past 12 months (not just investors with offices in Lisbon). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Lisbon VCs in 2025 will be tremendously helpful in your journey.
Last update to the database: Jul 29, 2025. See changelog.
Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.
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List of 11 top Lisbon VCs
Heartcore is a venture capital fund based in Copenhagen. They invest in startups at stages ranging from pre-seed to series F, with check sizes between $300,000 and $6 million. Heartcore focuses on industries including tech, health, real estate, finance, and entertainment. Their portfolio includes FlexAI, Zefir, Travel Perk, Podimo, and Taster. They aim to support founders in creating impactful consumer-focused brands, helping driven entrepreneurs turn their ideas into successful businesses.
Offices:
Copenhagen (HQ)
Berlin
Paris
Stockholm
Lisbon
Investment Stage:
Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown
Check Size:
$100k - $500M
Industries:
Climate Tech & Green Tech, Health Tech, Edtech
Top investments in Lisbon:
Indico Blue Fund is a venture capital fund based in Lisbon. It invests in early-stage companies from pre-seed to Series C, with check sizes between $100,000 and $10 million. The fund focuses on sectors such as climate tech, ecommerce, sales, manufacturing, hiring, logistics, IoT, insuretech, and service industries. Indico Blue has backed companies like Bizay, Cargofive, FlexSea, Eleos, and Nortech AI. Founded in 2017, the Indico team has a strong track record of supporting global tech success.
Offices:
Lisbon (HQ)
Investment Stage:
Pre Seed, Seed, Series A, Series B, Series C
Check Size:
$1M - $40M
Industries:
Climate Tech & Green Tech, Foodtech, Gaming
Top investments in Lisbon:
Offices:
Lisbon (HQ)
Investment Stage:
Pre Seed, Seed, Series A
Check Size:
$2.5M - $10M
Industries:
Health Tech, Fashion, Insuretech
Top investments in Lisbon:
Bynd Venture Capital is a leading venture capital fund in Lisbon that supports early-stage tech companies in Iberia. They focus on seed and pre-seed stages, with investments ranging from €200,000 to €300,000. Key sectors include real estate, e-commerce, fintech, and health tech. Notable investments include UpHill, Ritmo, Frenetic, Ukio, and ZenRows.
Offices:
Lisbon (HQ)
Investment Stage:
Pre Seed, Seed, Series A, Unknown
Check Size:
$100k - $50M
Industries:
Health Tech, FinTech, Foodtech
Top investments in Lisbon:
Offices:
Lisbon
Investment Stage:
Pre Seed, Seed
Check Size:
$1M - $5M
Industries:
FinTech, AR / VR, Manufacturing
Top investments in Lisbon:
3 Comma Capital is a Lisbon-based venture capital fund founded in 2022. They focus on seed-stage investments in media, entertainment, sales, and marketing sectors. The fund emphasizes digital assets' potential in future markets, supporting wealth management firms, family offices, and institutional investors in the Web 3.0 space. Notable investments include Scorestars, aiming to drive growth through digital and blockchain technologies.
Offices:
Lisbon
Investment Stage:
Pre Seed, Seed
Check Size:
$500k - $1M
Industries:
Media and Entertainement, Sales and Marketing
Top investments in Lisbon:
Portugal Ventures is a venture capital fund based in Porto, specializing in early-stage startups. They focus on tech, life sciences, and tourism, particularly in areas such as privacy, security, and health tech. Investment sizes range from €50,000 to €1,500,000. Portugal Ventures has backed companies like Probely and Lovys. Their goal is to help Portuguese startups grow and succeed by providing essential capital and support at crucial early stages.
Offices:
Porto (HQ)
Lisbon
Amsterdam
Investment Stage:
Pre Seed, Seed, Series A, Unknown
Check Size:
$1M - $30M
Industries:
Climate Tech & Green Tech, Health Tech, FinTech
Top investments in Lisbon:
Faber Ventures, based in Lisbon, invests in early-stage tech startups from pre-seed to Series B, with check sizes from $100,000 to $1.5 million. Focus areas include biotech, AI, and climate tech. Faber supports entrepreneurs leveraging science and technology for significant impacts. With dedicated funds, expert teams, and advisors, they help founders grow globally. Since 2013, Faber has backed numerous successful firms, promoting digital and climate transformation.
Offices:
Lisbon (HQ)
Investment Stage:
Pre Seed, Seed, Series A, Series B, Unknown
Check Size:
$100k - $20M
Industries:
Climate Tech & Green Tech, Health Tech, Crypto & web3
Top investments in Lisbon:
FundBox is a venture capital fund based in Lisbon, focusing on early-stage investments in Space Tech and the Internet of Things. They typically invest at the pre-seed stage, offering clear and transparent investment processes with no conflicts of interest. Regulated by the Comissão do Mercado de Valores Mobiliários, FundBox comprises Fundbox SGOIC, S.A., and Fundbox SCR, S.A., both Portuguese legal entities. Notable investments include Connected. FundBox provides a distinct alternative for venture capital in Portugal.
Offices:
Lisbon
Investment Stage:
Pre Seed
Check Size:
$2.5M - $5M
Industries:
Space Tech, Internet of Things
Top investments in Lisbon:
Olisipo Way is a venture capital fund based in Lisbon, focused on pre-seed investments in Sales and Marketing, Adtech, and Productivity Tools. With investment sizes ranging from $250k to $5M, they have backed companies such as Checkfirst and Advertio. Specializing in B2B projects, Olisipo Way aims to build a supportive community to enhance the lives of its startups.
Offices:
Lisbon
Investment Stage:
Pre Seed
Check Size:
$1M - $2.5M
Industries:
Adtech, Sales and Marketing, Productivity Tools
Top investments in Lisbon:
Rising Ventures, a venture capital fund based in Lisbon, specializes in pre-seed investments in Sales and Marketing and Adtech industries. They support early-stage technology companies that primarily use the internet for distribution. Notable investments include advertio.
Offices:
Lisbon
Investment Stage:
Pre Seed
Check Size:
$1M - $2.5M
Industries:
Adtech, Sales and Marketing
Top investments in Lisbon: