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The Venture Codex

Portugal Ventures

Rua Ivone Silva, 6, 12º, Lisboa, 1050-124, Portugal

Overview

Verticals:Enterprise, SaaS, Security, Networks, AI, VR/AR, Marketplace, Blockchain, Internet of Things, New materials, Electronics, Robotics, Cleantech, Agrotech, Seatech, Therapeutics, Digital Health, Diagnostics, Innovative Accommodation, Tourist Entertainment Companies, Tour Operators, Wine, Nautical and Equestrian Tourism, Theme Parks Mobile, Robotics Founded in 2012, Portugal Ventures is a venture capital firm based in Porto, Portugal. The firm is a part of the Banco Português de Fomento group. The firm seeks to invest in pre-seed, seed and series A stages

Total investments
44
Lead investments
15
Investments · 12mo
3
Active investors
9

Sector focus

  • Financial Services
  • Venture Capital
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Investment portfolio

  • HyOrc

    Led · Equity · Aug 2026

    HyOrc develops modular waste-to-methanol facilities that convert local waste (refuse-derived fuel) into green methanol. The company is constructing an 8 tpd commercial facility in Porto through phased modules, beginning with a 1 tpd unit targeted for shipment in September 2026. HyOrc’s technology has been independently validated by Bureau Veritas and the firm cites operational experience with a 25 tpd industrial gasifier in Coimbatore (2025) and a 3 tpd commercial unit in Assam (May 2026). The Porto project is intended as a replicable blueprint to scale to 400 tpd of capacity across Portugal. HyOrc states the modular architecture is designed to enable rapid deployment and to generate near-term cash flow as additional modules and funding are secured.

  • Neuraspace

    Participated · Grant · 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.

  • BRAINR

    Led · Seed · Jul 2026

    BRAINR has built an AI-powered manufacturing execution platform (a Meat Factory Operating System) for the food industry, focused initially on meat processors. The company says its software already supports a quarter of Portugal’s meat production and more than €1.3 billion in annual food production, and is deployed by leading meat processors across Europe. Founded by CEO Paulo Gaspar, COO Rui Batista and CTO Ricardo Granada and based in Leiria, BRAINR has seen rapid market adoption. Financially, it raised an €11M seed round in 2025—structured around milestone-based funding—and secured a €1.5M extension from Portugal Ventures. BRAINR plans to expand into additional food sectors and enter international markets including the United States and Brazil.

  • Glartek

    Led · Equity · Jul 2025

    Glartek builds EHS connected-worker software to improve operational safety, quality, and collaboration in industrial environments. The platform supports risk management, audits, inspections, training, and sustainability and serves clients including EDP, SONAE, and Daimler. The company will use the €2.0M funding to accelerate go-to-market, strengthen customer acquisition, and enhance its product roadmap. Product development emphasis is on EHS, safety compliance, and real-time collaboration tools. Founded in Portugal in 2017 and based in Leiria, Glartek is VC-backed and targets manufacturing and other asset-intensive industries to increase safety and operational performance.

  • Winalist

    Participated · Equity · Jun 2025

    Founded in France in 2019 and based in Aÿ-Champagne, Winalist operates a marketplace for booking winery and distillery visits, tastings, private dinners and day tours. The platform works with over 1,700 partners across 10 countries and more than 200 family-owned wineries and producers in Portugal alone. The company offers tools such as a booking widget and a commission model aimed at making booking and onboarding easy for producers. Winalist says the new capital will fund rollout of innovations for wineries and deepen relationships with high-end travelers. The funding will also support team growth to accelerate commercial development across Europe and increase operational support for local partners. The company aims to drive international visibility for Portuguese wine tourism as part of its expansion plans.

Team