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

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

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.

Rui Rodrigues

Principal Investor and consultant with previous experience in Private Equity and Venture Capital.