18 Best Active Seed Investors in Portugal in 2025

Heartcore

https://heartcore.com

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.

Indico Blue Fund

https://indicocapital.com

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.

APEX Capital

https://apex-cp.com

APEX Capital is a venture capital fund based in Cascais that invests in early-stage companies, focusing on seed and pre-seed rounds. They typically write checks ranging from $250k to $5M, concentrating on sectors like sports technology, analytics, and manufacturing. APEX Capital has backed companies such as Hexis and Exclusible, partnering with elite athletes to bring expertise in sports, media, and entertainment to their investments.

Big Start Ventures

https://bigstart.vc

Big Start Ventures is a venture capital fund based in Lisbon, focusing on startups from seed to series A stages. They invest in finance technology, mobile apps, artificial intelligence, and business software. Notable investments include WealthKernel, Countingup, Fraudio, Elucidate, and LOQR. Big Start Ventures aims to help early-stage companies grow and succeed by providing necessary funding and support.

Bynd Venture Capital

https://bynd.vc

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.

CTT

https://ctt.pt

CTT is a venture capital fund based in Lisbon, focused on seed-stage investments in fintech and transportation. They have backed startups like Paynest and Ubirider. CTT aims to support businesses with solutions in mailing, logistics, e-commerce, and digital services, providing tailored offerings for both businesses and individuals.

Armilar Venture Partners

https://armilar.com

Armilar Venture Partners is a Lisbon-based venture capital company founded in 1999.

3 Comma Capital

https://3commacapital.com

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.

hypra.fund

https://hypra.fund

hypra.fund, based in Lisbon, invests in early-stage startups, particularly in seed and Series A rounds. They focus on the crypto, fintech, and enterprise software sectors, offering check sizes from $0 to $10 million. Notable investments include Utorg and Trinetix, highlighting their commitment to supporting web3 projects.

Best Horizon

https://besthorizon.pt

Best Horizon is a venture capital fund based in Lisbon, focusing on early-stage startups in technology and audio. They offer financing, mentoring, and valuable connections. Notable investments include KIT-AR and Musiversal. Best Horizon is dedicated to helping startups succeed by providing essential resources.

Portugal Ventures

https://portugalventures.pt

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.

Faber Ventures

https://faber.vc

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.

GED Ventures Portugal

https://gedventures.pt

GED Ventures Portugal is a venture capital fund based in Lisbon, focusing on seed-stage tech companies with transformative potential. They have invested in firms like WEEZIE, Full Venue, and LUGGit in fields such as AI and travel tech. Their mission, encapsulated in #Tech4Purpose, is to support sustainable technologies that create lasting positive impact. Founded in 1996, GED manages over €1000 million and operates across Europe, the US, and LATAM. They adhere to ESG best practices to ensure reliable returns.

RR² CAPITAL

https://rr2.capital

RR² CAPITAL is a venture capital fund based in Lisbon that supports early-stage companies. They focus on data and business intelligence, as well as crypto and web3 technologies. The fund invests in promising startups like Whalemap, providing essential financing to help these companies grow and succeed.