Most Active VC Investors in Portugal
351 funding rounds · €4.0 billion invested · Seed most common stage
Portugal saw 351 funding rounds across all tracked years, totalling €4.0 billion. Seed was the most active stage. 89% of rounds disclosed their investors.
Deal Count by Stage
Top 20 VC Investors in Portugal
| # | ||
|---|---|---|
| 1 | Portugal Ventures | 42 |
| 2 | Indico Capital Partners | 31 |
| 3 | Lince Capital | 28 |
| 4 | Iberis Capital | 22 |
| 5 | Caixa Capital | 15 |
| 6 | Caixa Capital (Portugal) | 14 |
| 7 | GED Ventures Portugal | 11 |
| 8 | Shilling Capital Partners | 10 |
| 9 | Explorer Investments | 8 |
| 10 | BlueCrow Capital | 8 |
| 11 | Faber Ventures | 8 |
| 12 | Armilar Venture Partners | 7 |
| 13 | Portuguese National Innovation Agency (ANI) | 6 |
| 14 | Armilar | 6 |
| 15 | 3xP Global | 5 |
| 16 | Shilling | 5 |
| 17 | M4 Ventures | 5 |
| 18 | Banco Português de Fomento (BPF) | 5 |
| 19 | LC Ventures | 5 |
| 20 | Shilling VC | 5 |
About VC Activity in Portugal
Portugal is one of Europe's key startup ecosystems, with 351 funding rounds tracked by CAPLINK. The data covers institutional and angel investors across all stages, from pre-seed to late-growth.
The most active investors are ranked by deal count — the number of funding rounds they participated in within the selected time period and filters. Use the filters above to drill down by year (from 2015 to 2026), funding stage, or sector.
Approximately 89% of rounds in Portugal disclosed investor names, giving strong coverage for ranking purposes.