# Portugal Ventures

Portugal Ventures is a Venture Capital based in Porto, Portugal.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Porto, Portugal
- **Region:** Europe
- **Address:** Av. Dr. Antunes Guimarães, 103 4100-079, Porto, Portugal
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.portugalventures.pt
- **LinkedIn:** https://www.linkedin.com/company/portugal-ventures

## Regulatory record

- **Reports private funds:** No

## About

Portugal Ventures invests in technology-based startups at Pre-Seed, Seed and Series A stages, supporting teams with potential for growth, innovation and internationalisation. It focuses on startups headquartered in Portugal, with tickets of up to 6M€. The firm reports hundreds of millions of euros under management and a portfolio across Digital, Industry, Life Sciences and Tourism.

## Sectors

- Digital Health
- Enterprise Software
- AI/ML
- Cybersecurity
- AgriTech & FoodTech
- Robotics & Automation
- InsurTech
- Media & Entertainment
- Energy Transition & Renewables

## Offices

- Lisbon, Portugal

## People

- Marco Paulo Salvado Neves — President, Board of Directors
- João Paulo Dias Miranda — Vice-President, Board of Directors
- Ana Carla da Silva Seguro Areias — Member, Board of Directors
- Sara Alexandra Ribeiro Pereira Simões Duarte — President, Shareholder’s General Meeting
- Ana Rita Moreira Ribeiro — Secretary, Shareholder’s General Meeting
- Ana Sofia Ferreira Pires da Silva — President, Supervisory Board
- António Henrique Gomes de Almeida — Member, Supervisory Board

## Questions

### Who runs investment decisions at Portugal Ventures?

Portugal Ventures lists a formal Conselho de Administração (Board of Directors) and breaks its team into sector-specific investment management functions — Digital & Technology, Industry & Technology, Health Technologies, and Tourism — but does not name a single CIO or managing partner publicly. Investment managers are assigned to portfolio companies, such as Pedro Grilo for About Aqua Food.

### Is Portugal Ventures a typical venture capital firm?

It operates as a venture capital firm but its capitalization comes from European structural funds and national recovery instruments, not institutional limited partners. This means its mandate balances financial returns with public-policy objectives — internationalization of Portuguese startups, sectoral diversification, and territorial cohesion — which shapes its underwriting and holding periods.

### What investment stages does Portugal Ventures target?

Portugal Ventures invests from Seed through Series D, covering early-stage startups, scale-ups, and later-stage growth rounds (per its own strategy statement). Its portfolio companies range from pre-revenue deep tech to established tourism operators.

### Which sectors does Portugal Ventures explicitly avoid?

The firm promotes four core verticals — Digital & Technology, Engineering & Industry, Life Sciences, and Tourism — and does not publicly target fintech, real estate, or pure infrastructure plays, though adjacent subsectors like InsurTech and CleanTech appear in its portfolio.

### How is Portugal Ventures related to the Portuguese government?

It is not a government department but a sociedade de capital de risco (venture capital company) whose funding derives from EU structural funds via Portugal 2020 and the national Plano de Recuperação e Resiliência, making the state its ultimate economic stakeholder. Governance is through a corporate board, with operational independence in investment decisions.

## Related profiles

- [Portside Wealth Group](https://altss.com/profile/portside-wealth-group)
- [Portus](https://altss.com/profile/portus)

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Last updated: 2026-08-11T15:07:49.000Z

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