Supporting the best high tech companies going from local to global.
We are the leading independent Venture Capital firm in Portugal investing in global and sustainable technology companies. Indico´s funds invest in software as a service, marketplaces, artificial intelligence, internet of things, fintech, cybersecurity and digital companies. Our investment range is mostly from Pre-Seed to Series A (from 100k and 5M euros) in Portuguese and Spanish startups.
We are often the first investors into a startup and, given our backgrounds, we are very hands-on when working with the companies in our portfolio.
Recent Portfolio NewsBrilliance, Dedication and Fearlessness
August 31st, 2021
Investment
Exclusible Raises €2.2M To Launch Global Luxury NFT Platform
April 28th, 2021
Investment
Barkyn Extends Series A To €8M To Scale Its Subscription And Well-Being Service For Pets
April 6th, 2021
Indico Pre-Seed Program 2021
March 10th, 2021
Cristina Fonseca named a Young Global Leader by the World Economic Forum
February 25th, 2021
Investment
Anchorage Raises $80 Million Series C to Expand Digital Bank Services
February 10th, 2021
Investment
Mental wellness platform Zenklub raises €7M Series A
November 10th, 2020
Investment
TIER raises $250 million Series C funding led by SoftBank
October 29th, 2020
Investment
Nutrium raises €4.25 million Seed round led by Indico
July 15th, 2020
Investment
Social Innovation Fund joins Indico pre-seed in Bitcliq
July 14th, 2020
Investment
Indico Capital Partners launches €12 million pre-seed fund
June 25th, 2020
Investment
Barkyn closes Series A to expand holistic offering to the pet care market
May 19st, 2020
Investment
Emotional health platform Zenklub raises $2.8 million to tackle pandemic´s mental fallout
April 21st, 2020
Investment
Indico to launch new accelerator in partnership with Google for Startups
March 9th, 2020
Investment
Indico Capital Partners VC Fund Reaches 54 Million Euros
February 2nd, 2020
Investment
Tier Mobility Consolidates European Leadership Position by Extending Series B funding to $100M+
Lisbon finally gets a substantial VC fund in the shape of Indico Capital Partners
It’s therefore fantastic to see a new VC fund appearing in the city, set up by three experienced stalwarts of the scene.
Techrunch
It’s therefore fantastic to see a new VC fund appearing in the city, set up by three experienced stalwarts of the scene.
Techrunch
Investment TeamFirst class investment and company development team
Stephan Morais
Managing General Partner Former CEO and entrepreneur with 20+ years of investment, entrepreneurship and management experience.
Ricardo Torgal
General Partner Investment experience in multiple environments, including backing the most prominent portuguese startups.
Cristina Fonseca
Venture Partner Founder, entrepreneur and angel investor, passionate about technology.