{"question":"Who invests in startups in Portugal?","answer":"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.","country":"Portugal","sector":null,"investors":12,"portfolio_startups":50,"list":[{"name":"Techstars","url":"https://alion.io/company/techstars","type":"Accelerator","based_in":"United States","startups_here":18,"examples":["YData","Sensei","Nonius"],"portfolio_rounds_12m":110,"latest_activity":"2026-11-06"},{"name":"Bright Pixel Capital","url":"https://alion.io/company/bright-pixel-capital","type":"Venture capital","based_in":"Portugal","startups_here":9,"examples":["Jscrambler","Sensei","Infraspeak"],"portfolio_rounds_12m":13,"latest_activity":"2026-11-07"},{"name":"Shilling","url":"https://alion.io/company/shilling","type":"Venture capital","based_in":"Portugal","startups_here":9,"examples":["Unbabel","Coverflex","Uniplaces"],"portfolio_rounds_12m":1,"latest_activity":"2026-07-07"},{"name":"Portugal Ventures","url":"https://alion.io/company/portugal-ventures","type":"Venture capital","based_in":"Portugal","startups_here":9,"examples":["Landing.Jobs","Zaask","Nonius"],"portfolio_rounds_12m":0,"latest_activity":null},{"name":"Armilar Venture Partners","url":"https://alion.io/company/armilar-venture-partners","type":"Venture capital","based_in":"Portugal","startups_here":8,"examples":["Novabase","Coverflex","CASAFARI"],"portfolio_rounds_12m":5,"latest_activity":"2026-09-30"},{"name":"Indico Capital Partners","url":"https://alion.io/company/indico-capital-partners","type":"Venture capital","based_in":"Portugal","startups_here":4,"examples":["Infraspeak","Barkyn","Indie Campers"],"portfolio_rounds_12m":2,"latest_activity":"2026-07-07"},{"name":"Y Combinator","url":"https://alion.io/company/y-combinator","type":"Accelerator","based_in":"United States","startups_here":3,"examples":["Caribou","Unbabel","Blitz"],"portfolio_rounds_12m":260,"latest_activity":"2026-10-30"},{"name":"Endeavor","url":"https://alion.io/company/endeavor-3","type":"Accelerator","based_in":"United States","startups_here":3,"examples":["Coverflex","Indie Campers","Augusta Labs"],"portfolio_rounds_12m":54,"latest_activity":"2026-10-23"},{"name":"500 Global","url":"https://alion.io/company/500-global","type":"Accelerator","based_in":"United States","startups_here":2,"examples":["Infraspeak","2026 Autodesk Inc."],"portfolio_rounds_12m":35,"latest_activity":"2026-10-21"},{"name":"Ship2B","url":"https://alion.io/company/ship2b","type":"Accelerator","based_in":"Spain","startups_here":2,"examples":["GoParity","ECCOCAR SHARING S.L."],"portfolio_rounds_12m":3,"latest_activity":"2026-07-31"},{"name":"IMPACT Accelerator","url":"https://alion.io/company/impact-accelerator","type":"Accelerator","based_in":null,"startups_here":2,"examples":["Sensei","ECCOCAR SHARING S.L."],"portfolio_rounds_12m":2,"latest_activity":"2026-09-30"},{"name":"Innovation Nest","url":"https://alion.io/company/innovationnest","type":"Venture capital","based_in":"Poland","startups_here":2,"examples":["Infraspeak","2026 Autodesk Inc."],"portfolio_rounds_12m":0,"latest_activity":"2022-11-09"}],"html_url":"https://alion.io/startup-investors/portugal","json_url":"https://alion.io/startup-investors/portugal.json","offers":[{"id":"company.list","title":"Companies by industry, country, size, technology and hiring","status":"live","price":{"credits":0.1,"usd":0.01},"unit":"per company in a list","note":"the whole list with a card per company","call":{"mcp_tool":"search_companies"},"human":"https://alion.io/catalog?offer=company.list&for=startup-investors%2Fportugal"},{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.1,"usd":0.01,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"any company of the list in depth","call":{"mcp_tool":"get_company"},"human":"https://alion.io/catalog?offer=company.slices&for=startup-investors%2Fportugal"}],"meta":{"source":"Alion (alion.io), CC BY-SA 4.0","updated_at":"2026-11-10T08:48:55+00:00","built_at":"2026-11-10T08:48:55+00:00","indexable":true,"generated_at":"2026-11-11T01:31:30+00:00","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json"}}