About
Portugal Ventures is Portugal's principal state-backed early-stage venture firm, established in 2012 through the merger of Inovcapital, AICEP Capital Global Ventures and Turismo Capital. Headquartered in Porto with a Lisbon office, it operates within the Banco Português de Fomento group and manages roughly €288M across 16+ funds. Its mandate is to stimulate Portuguese entrepreneurship with risk capital at pre-seed, seed and Series A, writing tickets of €50K–€1.5M across digital and technology, industry, healthcare and tourism.
Since inception it has deployed over €230M into 256+ companies. Its portfolio has produced unicorns including BitSight (cybersecurity), Fever (live entertainment, exited 2026 at 15x) and Glovo, alongside exits in OutSystems and Farfetch (NYSE IPO, 2018). Other notable holdings include Feedzai, Aptoide, Codacy, JScrambler and Sword Health. New leadership for the 2025–2027 term is led by CEO Marco Neves.
Portfolio 4
- Sword Health Startup · Porto
- Codacy Startup · Lisbon
- Jscrambler Startup · Porto
- Aptoide Startup · Lisbon
Team 2
- João Paulo Miranda Person · Porto Executive Vice-President
- Marco Neves Person · Porto President & CEO
Connection map
Every node here is a row in the lists above — the map is a second view of the same connections, not another source of them.
Recent news
- Portugal Ventures exits Fever with 15x return on investment 2026-03-19 · Portugal Ventures
- Portugal Ventures invests €5.5M in the economy of the Azores and Madeira 2024-01-22 · Portugal Ventures