Single Family Office

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Zaphira Capital

Zaphira Capital was established as a single family office in Portugal. Adriano Lucas serves as CEO and managing partner alongside chairman Adriano Callé Lucas...

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Zaphira Capital

Zaphira Capital was established as a single family office in Portugal. Adriano Lucas serves as CEO and managing partner alongside chairman Adriano Callé Lucas and managing partner Max Bingre. The firm deploys capital through direct co-investments, SPVs, fund-of-funds commitments, private equity, and real estate. Confirmed focuses include PropTech, FinTech, Energy Transition & Renewables, and RegTech. Geographies span Africa, Asia, Europe, the Middle East, North America, and South America. Technology emphasis covers AI/ML and Web3 & Blockchain. Investment stages run from Series B through Series G. No AUM figure or team size is disclosed. Additional offices are not reported. No dated operational events from the last 24 months appear in available records. The office maintains a thematic allocation mandate that integrates direct investments with fund commitments across multiple regions and asset classes.

General information

Firm type

Single Family Office

Year founded

2014

Location

Region

Europe

Country

Portugal

City

Lisbon

Corporate office

Rua Vieira da Silva 45, 1350-342 Lisbon, Portugal

Principals

Adriano Callé Lucas

Chairman

Adriano Lucas

CEO & Managing Partner

Max Bingre

Managing Partner

Sector focus

PropTechFinTechEnergy Transition & RenewablesRegTech

Frequently asked questions

Who runs investment decisions at Zaphira Capital?

Adriano Lucas serves as CEO and managing partner. Adriano Callé Lucas holds the chairman role. Max Bingre is listed as managing partner.

How does Zaphira Capital source proprietary deal flow?

The firm evaluates opportunities across private and public markets, real estate, and venture capital through thematic investing and rigorous financial analysis.

Is Zaphira Capital structured as a single family office or does it operate more like a venture firm?

Altss research classifies it as a single family office. The firm manages and preserves family wealth through asset allocation, direct investments, and alternative strategies.

Does Zaphira Capital participate in fund commitments or only direct deals?

Investment types include direct co-investments and SPVs, fund-of-funds, private equity, and real estate.

What investment stages does Zaphira Capital typically target?

Confirmed stages run from Series B through Series G.

Which sectors does Zaphira Capital explicitly focus on?

Sector tags include PropTech, FinTech, Energy Transition & Renewables, and RegTech. Technology focuses cover AI/ML and Web3 & Blockchain.

Where does the underlying wealth come from?

Wealth origin is not publicly disclosed.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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