Our Funds

Indico VC Fund I - Fundo de Capital de Risco Fechado


€ 54 million (closed) for early stage ICT Startups'

InnovFin Equity and Portugal Tech

Indico VC Fund I - Fundo de Capital de Risco is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments ("EFSI") set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.  It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by BPF – Banco Português de Fomento, S.A. through the Portugal Tech facility managed by the European Investment Fund.

Indico Opportunity Fund I - Fundo de Capital de Risco Fechado


€ 25 million (closed) as a top fund for the portfolio of Indico VC Fund I - Fundo de Capital de Risco

EGF and Portugal Tech

Indico Opportunity Fund I - Fundo de Capital de Risco is supported by the Pan-European Guarantee Fund (EGF), implemented by the European Investment Fund (EIF) as part of the European Investment Bank (EIB) Group with the financial support of the EU Participating Member States.  It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by BPF – Banco Português de Fomento, S.A. through the Portugal Tech facility managed by the European Investment Fund.

Indico Acceleration Fund I - Fundo de Capital de Risco Fechado


€ 12 million (closed) for Indico Founders' Programme powered by Google For Startups

Indico Blue Fund - Fundo de Capital de Risco Fechado


€ 50 million (closed) for climate action focused on blue economy / SMB's.

Indico Venture Capital Fund II - Fundo de Capital de Risco Fechado


Up to € 102 million fund dedicated to the investment in later-stage Portuguese tech startups.



Indico Venture Capital Fund II - Fundo de Capital de Risco Fechado is co-financed and supported by Programa de Venture Capital managed by BPF - Banco Português de Fomento, S.A.

Indico VC Fund III - Fundo de Capital de Risco Fechado



Indico VC Fund III - Fundo de Capital de Risco Fechado is supported by the European Union under the InvestEU Fund. And is co-financed by the Capital and Quasi-Capital Fund (FC&QC), managed by BPF - Banco Português de Fomento, S.A., within the framework of Portugal Blue and with the support of the Blue Fund.

CMVM - Sistema de difusão de informação - Capital de risco