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The Venture Codex

Overview

Independent management company specializing in alternative assets.

Founded

2003

Deals · 12mo

4

Links

Stage focus

Seed
Series A

Geographic focus

Portugal

Sector focus

Financial Services
Real Estate
Real Estate Investment
Venture Capital

Investment portfolio

  • Luca

    Participated · Series A · Aug 2026

    Luca offers a broad catalogue of high-quality curricular content across courses and subjects combined with AI tools designed to reduce teachers’ administrative time. The company emphasizes competitive pricing, operational excellence, transparent contracts and a strong customer experience. Coverage describes Luca as one of the fastest-growing edtech companies in Latin America and as a top-decile SaaS company at the Series A stage globally. Its product approach blends traditional learning elements with AI to enable individualized, scalable blended education that complements teachers. Financially, the company has raised over $13 million in total funding following the $8 million Series A. The article frames Luca’s strategy as long-term, aiming to build a durable company rather than chase a short-term trend.

  • Neuraspace

    Participated · Series B · Aug 2026

    Founded in 2020 by Chiara Manfletti in Portugal, Neuraspace builds an AI-enabled platform that combines data from commercial and sovereign sensors with high-precision orbit determination, AI-enabled risk and threat assessment, and autonomous decision support. The platform is designed to detect, assess and respond to collision risks, cyber threats, GNSS spoofing and jamming, radio-frequency interference and other emerging space security challenges. Neuraspace serves commercial, institutional and defence satellite operators and has expanded its mission to address both accidental and intentional threats as the line between safety and security narrows. The company is investing in proprietary optical sensing infrastructure and a dual-use product, NeuraspaceDEF, for government and defence customers. Its recent €15.6M financing will accelerate development of its AI platform, autonomous mission operations and expansion of its sensing and operational capabilities.

  • Spotlite

    Led · Seed · Dec 2025

    Founded in 2017 by Ricardo Cabral and Martino Correia, Portuguese startup Spotlite converts data from multiple satellite constellations into predictive maintenance and remote-auditing insights for infrastructure managers. Its software automatically flags risks such as landslides, subsidence, vegetation encroachment, flooding, fire hazards, and third-party interference across thousands of kilometres without on-site sensors or physical inspections. Originally aimed at the transportation sector, the platform now also serves mining, energy, and building operators, helping customers lower operational CapEx and extend asset lifespans. Spotlite positions itself as a scalable, accessible alternative to traditional inspection methods, enabling organisations of all sizes to shift from reactive to proactive maintenance. The company intends to channel new capital into expanding into additional international markets and further enriching its technology stack. No revenue, user, or other operating metrics were disclosed in the article.

  • Feedzai

    Participated · Equity · Oct 2025

    Feedzai delivers an end-to-end financial crime prevention platform that replaces the patchwork of point solutions typically used by banks with a single, AI-driven suite. Its multi-product offering spans bank account openings, credit-card and payment transaction monitoring, anti-money-laundering controls, and more. Recent additions such as Feedzai Orchestration and Feedzai IQ arm risk teams with faster, more precise decisioning capabilities, while the TRUST Framework embeds responsible AI principles throughout the stack. The company currently safeguards more than $70 billion in annualized payment volume, has prevented over $2 billion in fraud losses, and saved 20 million analyst hours to date. Feedzai’s platform is increasingly becoming core infrastructure as financial institutions migrate from legacy tools to AI-native systems. With fresh capital and a valuation exceeding $2 billion, management plans to intensify product innovation so every present and future payment method can be adopted safely.

  • Ethiack

    Led · Seed · Dec 2024

    ETHIACK provides a SaaS cybersecurity platform that combines human ethical-hacking expertise with AI to perform Automated Continuous Pentesting, identify vulnerabilities, detect complex threats, assess attack surfaces, and produce compliance reports for regulations such as CRA, DORA and NIS2. The platform has tested over 150,000 digital assets and serves clients across nine countries. Founded in 2022 by André Baptista, Jorge Monteiro and Vitor Pinho, the company positions its product to both prevent cyberattacks and optimize clients' security costs and resources. ETHIACK plans to use new funding to enhance its Automated Continuous Pentesting technology and scale geographically. Target expansion markets include the UK, wider Europe, and potentially the US and the Middle East. The article does not disclose revenue or other financial metrics beyond the recent funding.

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