Who invests in startups in Portugal
12 investors back startups in Portugal: funds, accelerators and angel networks with at least two portfolio companies there, 50 portfolio startups in all. The most active here are Techstars (18), Bright Pixel Capital (9) and Shilling (9). 6 of them are accelerators.
Investors backing startups in Portugal
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 TechstarsAccelerator · United States · YData, Sensei, Nonius | 18 | 110 | Nov 2026 |
 Bright Pixel CapitalVenture capital · Portugal · Jscrambler, Sensei, Infraspeak | 9 | 13 | Nov 2026 |
 ShillingVenture capital · Portugal · Unbabel, Coverflex, Uniplaces | 9 | 1 | Jul 2026 |
 Portugal VenturesVenture capital · Portugal · Landing.Jobs, Zaask, Nonius | 9 | – | – |
 Armilar Venture PartnersVenture capital · Portugal · Novabase, Coverflex, CASAFARI | 8 | 5 | Sep 2026 |
 Indico Capital PartnersVenture capital · Portugal · Infraspeak, Barkyn, Indie Campers | 4 | 2 | Jul 2026 |
 Y CombinatorAccelerator · United States · Caribou, Unbabel, Blitz | 3 | 260 | Oct 2026 |
 EndeavorAccelerator · United States · Coverflex, Indie Campers, Augusta Labs | 3 | 54 | Oct 2026 |
 500 GlobalAccelerator · United States · Infraspeak, 2026 Autodesk Inc. | 2 | 35 | Oct 2026 |
 Ship2BAccelerator · Spain · GoParity, ECCOCAR SHARING S.L. | 2 | 3 | Jul 2026 |
| IIMPACT AcceleratorAccelerator · Sensei, ECCOCAR SHARING S.L. | 2 | 2 | Sep 2026 |
 Innovation NestVenture capital · Poland · Infraspeak, 2026 Autodesk Inc. | 2 | – | Nov 2022 |
The most backed startups in Portugal
| Startup | Investors in this list |
|---|---|
 Infraspeak | 4 |
 Sensei | 3 |
 Didimo | 3 |
 Reliverealty | 3 |
 Coverflex | 3 |
 Nonius | 2 |
 Cargo Five | 2 |
 Indie Campers | 2 |
 Unbabel | 2 |
 2026 Autodesk Inc. | 2 |
 Zaask | 2 |
 Barkyn | 2 |
 Automaise | 2 |
 ECCOCAR SHARING S.L. | 2 |
 CASAFARI | 2 |
More on startups in Portugal
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Who invests in startups in Portugal?
12 investors back startups in Portugal: funds, accelerators and angel networks with at least two portfolio companies there, 50 portfolio startups in all. The most active here are Techstars (18), Bright Pixel Capital (9) and Shilling (9). 6 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for Portugal when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,418 portfolios.