Novabase Capital

A three-member Board of Directors composed of Luís Paulo Salvado (Chairman), Álvaro Ferreira, and Francisco Antunes oversees all investment decisions at Novabase Capital. Salvado and Ferreira are executive board members of the parent group Novabase SGPS, while Antunes serves as group CFO. This governance means ultimate approval authority rests with the same three officers who run the listed parent company.

Novabase Capital operates as the dedicated private-equity vehicle of Novabase SGPS, a publicly listed Portuguese information-technology group. The Chairman and CEO of the parent company chairs the Capital board, and the parent's CFO and executive board members also serve as directors at the fund, while the Capital team operates out of the same Lisbon headquarters.

Novabase Capital appears to make only direct equity investments into individual operating companies rather than committing capital as a limited partner into third-party venture funds. The portfolio listed on its website contains only directly held positions in Portuguese ICT startups such as Feedzai, Glartek, and Weezie, with no indications of fund-of-funds activity.

Per Altss research, the firm tags its strategy as covering early-stage seed and start-up investing as well as expansion and late-stage venture. Publicly, the firm states it supports the best Portuguese ICT startups, suggesting a stage-agnostic approach within the domestic venture ecosystem, from initial seed checks up through growth rounds.

The firm's mandate is visibly confined to information and communications technology, so it avoids sectors outside that vertical entirely. Within ICT, no explicit negative tags are published; however, the portfolio indicates a concentration in Portuguese-origin B2B software, data analytics, and infrastructure plays, with no consumer-social or hardware-heavy investments visible.