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The Venture Codex

Bright Pixel Capital (Sonae IM)

Lugar do Espido, Via Norte, Maia, 4470-177, Portugal

Overview

Venture capital firm investing in transformative tech sectors.

Founded

2015

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

France
Portugal
Spain
United Kingdom
...

Sector focus

Cloud Infrastructure
Cyber Security
IT Infrastructure
Retail Technology
...

Investment portfolio

53rounds
NAMEDATESIZE
Hackuity
Sep 2026Participated
$19 MSeries B
Theker
Jun 2026Participated
$85 MSeries A
Encord
Feb 2026Participated
$60 MSeries C
Mesh Security
Jan 2026Participated
$12 MSeries A
Second Nature
Oct 2025Participated
$22 MSeries B
Duel
Sep 2025Led
$16 MSeries A
Tidal Cyber
Sep 2025Led
$10 MSeries A
Picnic Corporation
Apr 2025Participated
$10 MOther Equity
Sekoia.io
Apr 2025Participated
$31 MSeries B
Automaise
Mar 2025Participated
$6 MSeries A
Knostic
Mar 2025Led
$11 MOther Equity
Trustero
Nov 2024Led
$10 MSeries A
Hackuity
Sep 2026Participated
$19 MSeries B
Theker
Jun 2026Participated
$85 MSeries A
Encord
Feb 2026Participated
$60 MSeries C
Mesh Security
Jan 2026Participated
$12 MSeries A
Second Nature
Oct 2025Participated
$22 MSeries B
Duel
Sep 2025Led
$16 MSeries A
Tidal Cyber
Sep 2025Led
$10 MSeries A
Picnic Corporation
Apr 2025Participated
$10 MOther Equity
Sekoia.io
Apr 2025Participated
$31 MSeries B
Automaise
Mar 2025Participated
$6 MSeries A
Knostic
Mar 2025Led
$11 MOther Equity
Trustero
Nov 2024Led
$10 MSeries A
53
Items
...
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Insights

Time horizon

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Deal Distribution

Bright Pixel Capital (Sonae IM): 53 funding rounds are recorded in the selected participation categories.All available history.
Bright Pixel Capital (Sonae IM): 53 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed13
Series A139
Series B310
Series C+33
Other Equity44

Monthly Deal Activity

Bright Pixel Capital (Sonae IM): 53 deals are recorded across 125 months.All available history.
Bright Pixel Capital (Sonae IM): 53 deals are recorded across 125 months. All available history
MonthDeals
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '171
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '191
Mar '191
Apr '190
May '190
Jun '190
Jul '191
Aug '190
Sep '192
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '201
Jul '200
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '213
Oct '212
Nov '212
Dec '210
Jan '220
Feb '220
Mar '222
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '221
Oct '221
Nov '221
Dec '220
Jan '231
Feb '230
Mar '232
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '241
Nov '241
Dec '240
Jan '250
Feb '250
Mar '252
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '252
Oct '251
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Bright Pixel Capital (Sonae IM): Enterprise Software is the largest displayed sector by deal count (32 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.

Bright Pixel Capital (Sonae IM): Enterprise Software is the largest displayed sector by deal count (32 deals). All available history
SectorDeals
Enterprise Software32
Cybersecurity & Privacy21
AI & Machine Learning16
Data, Analytics & IT12
Networks, Cloud & Communication12
E-Commerce & Retail11
Marketing & Advertising8
Professional Services8
Fintech4
Developer Tools4
Real Estate & Construction3
Hardware & Robotics3
Transportation & Logistics2
Food & Agriculture2
Travel & Hospitality1
Clean Energy & Sustainability1
Consumer & Lifestyle1
Crypto & Blockchain1
Media & Entertainment1

Deal Size Distribution

Bright Pixel Capital (Sonae IM): 53 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.

Bright Pixel Capital (Sonae IM): 53 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M9
$10M-$25M21
$25M-$50M9
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Bright Pixel Capital (Sonae IM): Europe has the largest recorded deal count among the displayed regions (29 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Bright Pixel Capital (Sonae IM): Europe has the largest recorded deal count among the displayed regions (29 deals). All available history
RegionDeals
Europe29
United States15
Israel5
Canada1
India1
Australia1
Singapore1
Bright Pixel Capital (Sonae IM): 20 co-investors are shown, with Portugal Ventures sharing 6 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.

Bright Pixel Capital (Sonae IM): 20 co-investors are shown, with Portugal Ventures sharing 6 recorded deals. All available history
Co-investorShared deals
Portugal Ventures6
Swanlaab Venture Factory4
Adjuvo3
Armilar Venture Partners3
Caixa Capital3
Elron Ventures3
Octopus Ventures3
Summit Action3
Accel2
AllegisCyber Capital2
Bpifrance2
CRV2
DNX Ventures2
Omnes Capital2
OurCrowd2
Reed Elsevier Ventures2
Samos Investments2
Sequoia Capital2
Seventure Partners2
20VC1

Investment Strategy

Bright Pixel Capital (Sonae IM): Led accounts for 45% and participating for 55% of round participation.All available history.
Bright Pixel Capital (Sonae IM): Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led2445%
Participating2955%
Bright Pixel Capital (Sonae IM): Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Bright Pixel Capital (Sonae IM): Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1563%
Co-led938%

Team

Benjamin Junior

Investment Team

Fernando Martins

Investment Team

Francisco Aivado Nunes

Investment Team

João Bandeira

Investment Team

João Moutinho

People Director

Manuel Queiroz

Investment Team

Marcos Osorio

Investment Team

Miguel Bagulho

Investment Team

Pedro Pinheiro