About Portugal Ventures
Portugal Ventures is a venture capital firm founded in 2012. It is primarily based out of Porto, Portugal. As of Nov 2024, Portugal Ventures is an active investor, having invested in 268 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Portugal based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the $547K Seed round of Corium Biotech by Maia & Muller - Biotech along with Biotope Incubator.
Overall, Portugal Ventures portfolio has seen 3 unicorns, 2 IPOs and 19 acquisitions including key companies like Glovo, OutSystems and Fever. A lot of funds co-invest with Portugal Ventures, with names like Bynd Venture Capital sharing a substantial percentage of its portfolio.
Portugal Ventures has team of 44 people including 9 partners.
Key Metrics
Team Members
, &
Portfolio Count
Glovo, OutSystems &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Deals in last 12 months
Portugal Ventures' List of Top Investments
Portugal Ventures has a portfolio of 268 companies, including 3 unicorns. Their most notable investments are in Graphenest and XLR8.Their portfolio spans across Portugal, United States, FranceÌý²¹²Ô»å 10 more locations. They have invested in Enterprise Applications, High Tech, ConsumerÌý²¹²Ô»å 36 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 2 more. Here is the list of top investments by Portugal Ventures:
1. Glovo
Online marketplace offering multi-category grocery products. The product catalog includes fruits, vegetables, oil, honey, snacks, bakery products, beverages, meat, seafood, dairy products, and much more. It also offers food from restaurants.
Key facts about Glovo
- Founded Year: 2015
- Location: Barcelona (Spain)
- Last Known Valuation: $1.7B as on Apr 01, 2021
- Stage: Acquired
- Total Funding till date: $1.16B
- Investors: Idinvest Partners, Mubadala and 58 Others
- Latest Funding Round: Series F, Apr 01, 2021, $528M
- Highlight: Acquired
2. OutSystems
Low code application development platform. The platform allows developers to build, and deploy applications without coding. It provides templates to build and customize the applications. The features of the product include business process management, legacy modernization, devops tools, monitoring tools, and more. It caters to industries such as healthcare, education, insurance, and more.
Key facts about OutSystems
- Founded Year: 2001
- Location: Linda A Velha (Portugal)
- Annual Revenue: ₹75.5Cr as on Mar 31, 2024
- Valuation: $9.5B as on Feb 17, 2021
- Stage: Series F
- Total Funding till date: $803M
- Investors: CPP Investments, KKR and 13 Others
- Latest Funding Round: Series F, Oct 30, 2022, $231M
- Highlight: Editors' Pick
3. Fever
Curator and distributor of live entertainment experiences. It provides a platform for discovering and booking tickets to a variety of events, including music concerts, festivals, immersive experiences, and other cultural attractions. The platform offers a user-friendly interface to search and filter events based on user preferences. It also provides customer support services. The company aims to connect event organizers with audiences, facilitating the discovery and enjoyment of live entertainment.
Key facts about Fever
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $1.8B as on Feb 02, 2023
- Stage: Series E
- Total Funding till date: $527M
- Investors: Goldman Sachs, Fidelity Investments and 20 Others
- Latest Funding Round: Series E, Jun 04, 2025, $100M
- Highlight: Editors' Pick
4. BitSight
Cloud-based cyber risk management solution. It offers solutions for cyber risk management, insurance underwriting, insurance reporting, data management, and more. It also offers solutions for the financial services industry, retail business, healthcare industry, manufacturing industry, education industry, and more.
Key facts about BitSight
- Founded Year: 2011
- Location: Boston (United States)
- Valuation: $2.4B as on Sep 13, 2021
- Stage: Series E
- Total Funding till date: $398M
- Employee Count: 396 as on Dec 31, 2023
- Investors: Warburg Pincus, Menlo Ventures and 15 Others
- Latest Funding Round: Series E, Sep 13, 2021, $250M
- Highlight: Editors' Pick
5.
Provider of a blockchain-based multi-category mobile application distribution platform. The platform enables users to discover and install multi-category mobile applications like games, education, productivity, communication, shopping, food, etc. Also, it offers various products that offers digital payment solutions. Tv offers an alternative app store for Android TV and co-branding solutions for enterprises, etc.
Key facts about Aptoide
Portugal Ventures' Year-on-Year Investment Trends
Portugal Ventures has invested in 268 companies over the last 18 years, with an average of 8 new investments annually in the last 10 years. In 2024, it made 6 investments. Its most recent first time investment was in Pluggable.AI and most recent follow-on round was in .
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 4 | 2 | 6 |
2023 | 7 | 3 | 10 |
2022 | 9 | 4 | 13 |
2021 | 4 | 3 | 7 |
2020 | 5 | 3 | 8 |
2019 | 21 | 0 | 21 |
2018 | 4 | 2 | 6 |
2017 | 3 | 0 | 3 |
2016 | 10 | 2 | 12 |
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Portugal Ventures' Investments by Stage
Portugal Ventures has made 103 investments in Seed stage with an average round size of $1.28M, 19 investments in Series A stage with an average round size of $5.44M, 3 investments in PE stage and 1 investment in Unattributed stage.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 103 |
Series A | 19 |
PE | 3 |
Unattributed | 1 |
Portugal Ventures' Investments by Sector
Portugal Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Retail and Vertical SaaS. Notably, it has invested in 183 Tech companies, 139 Enterprise (B2B) companies, 93 Software companies and at least 79 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 51 |
Consumer | 34 |
High Tech | 23 |
Retail | 19 |
Vertical SaaS | 15 |
Others | 152 |
Portugal Ventures' Investments by Geography
Portugal Ventures has made most investments in Portugal (109), followed by United States where it has made 5 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Portugal | 109 |
United States | 5 |
France | 3 |
United Kingdom | 3 |
Netherlands | 2 |
Others | 4 |
Portugal Ventures' recent investments
Here are the most recent investments by Portugal Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 08, 2024 | Portugal | Seed | $2.3M | ||
Oct 14, 2024 | Portugal | Seed | $547K | ||
Sep 17, 2024 | Portugal | Seed | $1.95M | ||
Aug 07, 2024 | Portugal | Seed | $1.64M | ||
Jun 19, 2024 | Portugal | Seed | $805K | Beta Capital [+1] |
Get the detailed list of all investments by Portugal Ventures. Download now!Unicorns in Portugal Ventures' Portfolio
Here is a list of unicorns in Portugal Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Curator and distributor of live entertainment experiences | 2014 | New York City | Series E | fwbjgki | ||
63 | Cloud-based cyber risk management solutions | 2011 | Boston | Series E | svczklw | ||
71 | Low code application development platform | 2001 | Linda A Velha | Series F | wnkwhmu |
IPOs and Publicly Listed companies in Portugal Ventures' Portfolio
Here are Portugal Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 21, 2018 | Jan 13, 2015 | PE | Undisclosed | |
Apr 03, 2014 | - | - | - |
Acquired companies in Portugal Ventures' Portfolio
Here are Portugal Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 02, 2025 | Mar 21, 2017 | Series A | Undisclosed | |
Nov 12, 2024 | Nov 08, 2022 | Series A | $8.86M | |
Jul 11, 2024 | Dec 01, 2015 | Seed | Undisclosed | |
Feb 09, 2024 | Oct 13, 2022 | Seed | Undisclosed | |
Nov 21, 2023 | - | - | - |
Team profile of Portugal Ventures
Portugal Ventures has a team of 44 membersÌýincluding 9 Partners, 1 Venture Partner and 7 PrincipalsÌýlocated in Portugal, United Kingdom and . Portugal Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Portugal Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Porto | - | - | |
Partner | Porto | - | ||
Partner | Lisboa | - | ||
Partner | Porto | - | - | |
Partner | Portugal | - | - | |
Partner | Lisboa | - | ||
Partner | Portugal | - | - | |
Partner | Lisboa | - | ||
Partner | Lisboa | - | ||
Venture Partner | Lisboa | - | - | |
Principal | Lisbon | - |
Get the full list of Portugal Ventures' team & partners for free. Download now!Co-investors of Portugal Ventures
Over the past 18 years, 152 investors have co-invested in Portugal Ventures's portfolio companies.
- Invested before Portugal Ventures:ÌýBynd Venture Capital, EIC Fund and 24 others have invested in rounds before Portugal Ventures. There are 3 companies where Bynd Venture Capital has invested before Portugal Ventures and 2 companies where EIC Fund has invested before Portugal Ventures.
- Top Co-investors of Portugal Ventures:Ìý76 investors entered a company along with Portugal Ventures. These include investors like Bynd Venture Capital (8 companies).
- Invested after Portugal Ventures:ÌýA total of 50 investors have invested in Portugal Ventures's portfolio after their investments. Top Investors include (14 companies), EIC Fund (10 companies) and Lince Capital (4 companies).
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Recent News related to Portugal Ventures
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El Referente•Oct 14, 2024•Corium Biotech by Maia & Muller - Biotech, Biotope Incubator, Portugal Ventures
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