Top 7 Venture Capital Firms in Lisbon in 2023

Finding the right VC firm or investor isn’t easy. Some will provide mentorship and operational expertise. Others will only provide you with the capital.

Here’s a list of the top venture capital firms in Lisbon so that you can find an investor that fits you and your startup.

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7 Venture Capital Firms in Lisbon

1) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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2) Portugal Ventures

Portugal Ventures is a pre-seed to series A venture capital investing in companies with offices in Portugal.

Details of the VC firm:

• Country: Portugal
• City: Porto, Lisbon
• Started in: 2012
• Founders: Rui Ferreira
• Industries: Agriculture, Internet & Mobile, E-Commerce, Cybersecurity, Education, Human Resources, Gaming, Enterprise, AI & ML, AR & VR, SaaS, Life Sciences
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: €50,000
• Maximum check size: €1,500,000
• Number of investments: 243
• Number of exits: 79
• Funds raised: €181,000,000
• 3 remarkable investments: Leadzai, Relive, Spotlite

You can find their website here.

You can send them an email at contact@portugalventures.pt.

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3) Heartcore Capital

Heartcore is a consumer technology VC investing in European B2C and B2B2C companies.

Details of the VC firm:

• Country: Denmark, Germany, France, USA, Austria, Sweden, Spain, Hungary, Poland, United Arab Emirates
• City: Copenhagen, Berlin, Paris, Lisbon, Stockholm
• Started in: 2007
• Founders: Jimmy Fussing Nielsen, Christian Lindegaard Jepsen,
• Industries: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
• Stages: Early Stage, Seed, Pre-Seed, Series A
• Minimum check size: €300,000
• Maximum check size: €6,000,000
• Number of investments: 210
• Number of exits: 51
• 3 remarkable investments: Reddit, Insight, Werlabs

You can find their website here.

You can send them an email at contact@heartcore.com.

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4) Armilar Venture Partners

Armilar Venture Partners is a Portuguese venture capital firm with investments in deep tech companies across Europe and America.

Details of the VC firm:

• Country: Portugal
• City: Lisbon
• Started in: 1999
• Founders: Joaquim Sérvulo Rodrigues
• Industries: Deep Tech & Hard Science, Healthcare, Climate & Sustainability
• Stages: Seed, Series A, Early Stage
• Number of investments: 81
• Number of exits: 32
• Funds raised: €45,000,000
• 3 remarkable investments: Brighter AI, Reckon.ai, StudentFinance

You can find their website here.

You can send them an email at info@armilar.com.

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5) Kibo

Kibo Ventures is a Spanish venture capital firm financing tech startups in Europe.

Details of the VC firm:

• Country: Spain, Portugal
• City: Madrid, Lisbon, Barcelona
• Started in: 2012
• Founders: Aquilino Peña, Javier Torremocha, José María Amusátegui
• Industries: Social, API, Fintech, Travel & Hospitality, Transportation, SaaS, Cloud, AI & ML, Big Data & Analytics, E-Commerce, Consumer, Enterprise, Proptech & Real Estate, Marketplace
• Stages: Seed, Series A
• Minimum check size: €2,000,000
• Maximum check size: €5,000,000
• Number of investments: 63
• Number of exits: 20
• Funds raised: €1,500,000,000
• 3 remarkable investments: Trip4real, Jetlore, Captio

You can find their website here.

You can send them an email at hello@kiboventures.com.

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6) Faber Ventures

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action.

Details of the VC firm:

• Country: Portugal
• City: Lisbon
• Started in: 2013
• Founders: Alexandre Barbosa, Diogo Mónica
• Industries: AI & ML, Big Data & Analytics, Climate & Sustainability, Crypto & Blockchain, Deep Tech & Hard Science
• Stages: Early Stage, Seed, Pre-Seed
• Minimum check size: €100,000
• Maximum check size: €1,500,000
• Number of investments: 36
• 3 remarkable investments: Unbabel, SWORD Health, Codacy

You can find their website here.

You can send them an email at pitch@faber.vc.

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7) Basinghall Partners

Basinghall Partners is a B2B-focused venture capital firm financing early-stage European companies.

Details of the VC firm:

• Country: United Kingdom, Germany, Portugal, Luxembourg
• City: Luxembourg, London, Munich, Lisbon
• Started in: 2017
• Founders: Andrew Irvine, Ginette Oebel
• Industries: Supply Chain & Logistics, Big Data & Analytics, Marketing, IoT, AI & ML, Robotics, Crypto & Blockchain, Cybersecurity, AR & VR
• Stages: Early Stage
• Minimum check size: €500,000
• Maximum check size: €5,000,000

You can find their website here.

You can send them an email at hello@basinghallpartners.com.

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