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The Venture Codex

Semapa Next

Av. Fontes Pereira de Melo, 14-10º, Lisboa, 1050-121, Portugal

Overview

Venture capital firm investing in exceptional founders and teams.

Deals · 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

Germany
Poland
Portugal
The Netherlands
...

Sector focus

Financial Services
Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
JUPUS
Jun 2026Led
$15 MSeries A
Sybilion
Mar 2026Led
$4 MSeed
constellr
Feb 2026Participated
$44 MSeries A
Overstory
Nov 2025Participated
$43 MSeries B
Ferovinum
Sep 2024Participated
$23 MSeries A
Meisterwerk
Jul 2024Led
$7 MSeries A
Probely
Nov 2022Led
$8 MSeries A
Overstory
Nov 2022Participated
$5 MOther Equity
Airly
Nov 2022Participated
$6 MSeries A
RealFevr
Oct 2022Participated
$10 MOther Equity
LOQR
Jun 2021Led
$10 MSeries A
Defined.ai
May 2020Participated
$51 MSeries B
JUPUS
Jun 2026Led
$15 MSeries A
Sybilion
Mar 2026Led
$4 MSeed
constellr
Feb 2026Participated
$44 MSeries A
Overstory
Nov 2025Participated
$43 MSeries B
Ferovinum
Sep 2024Participated
$23 MSeries A
Meisterwerk
Jul 2024Led
$7 MSeries A
Probely
Nov 2022Led
$8 MSeries A
Overstory
Nov 2022Participated
$5 MOther Equity
Airly
Nov 2022Participated
$6 MSeries A
RealFevr
Oct 2022Participated
$10 MOther Equity
LOQR
Jun 2021Led
$10 MSeries A
Defined.ai
May 2020Participated
$51 MSeries B
12
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Insights

Time horizon

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Deal Distribution

Semapa Next: 12 funding rounds are recorded in the selected participation categories.All available history.
Semapa Next: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A43
Series B02
Other Equity02

Monthly Deal Activity

Semapa Next: 12 deals are recorded across 78 months.All available history.
Semapa Next: 12 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '223
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
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Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '261
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Semapa Next: Enterprise Software is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Semapa Next: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
AI & Machine Learning6
Networks, Cloud & Communication5
Data, Analytics & IT3
Cybersecurity & Privacy2
E-Commerce & Retail2
Real Estate & Construction2
Fintech2
Food & Agriculture2
Clean Energy & Sustainability1
Transportation & Logistics1
Consumer & Lifestyle1
Hardware & Robotics1
Crypto & Blockchain1
Professional Services1
Gaming & eSports1

Deal Size Distribution

Semapa Next: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Semapa Next: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M6
$10M-$25M2
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Semapa Next: Europe has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Semapa Next: Europe has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
Europe11
United States1
Semapa Next: 20 co-investors are shown, with EDP Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Semapa Next: 20 co-investors are shown, with EDP Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
EDP Ventures3
B Capital Group2
CapitalT2
Convective Capital2
Iberis Capital2
Moxxie Ventures2
Pale Blue Dot2
Portugal Ventures2
Acton Capital Partners1
ADvantage1
AENU1
Alpine Space Ventures1
Amazon1
Bayern Kapital1
Bentley iTwin Ventures1
Bentley Systems1
BiG Start Ventures1
Blume Equity1
Bright Pixel Capital (Sonae IM)1
Bynd1

Investment Strategy

Semapa Next: Led accounts for 42% and participating for 58% of round participation.All available history.
Semapa Next: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led542%
Participating758%
Semapa Next: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
Semapa Next: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead240%
Co-led360%

Team

Grégoire Viat
Hugo Augusto
Hugo Pinto

Director

Ricardo Pires

Executive Board Member - Chief Investment Officer