A significant development in this landscape is the preparation of a new venture capital fund, set to launch in 2025, with a capital target of €15 million to €20 million. This initiative exemplifies how Portugal is creating fertile ground for innovative startups to grow and thrive.

The fund, spearheaded by the investment arm of a leading Portuguese consultancy, aims to build on the success of its predecessor launched in 2023. By scaling up its ambitions, the initiative seeks to attract investors from diverse sectors, including venture capitalists and corporate entities, fostering a robust ecosystem of technology-driven ventures. The emphasis will be on deep tech startups with global ambitions, reflecting the growing trend of Portuguese companies expanding internationally.

Portugal’s investment in the tech sector is guided by a three-pronged strategy: financing innovative startups, providing strategic advisory support, and leveraging an expansive network of clients and collaborators across key markets. This holistic approach ensures that portfolio companies receive not just capital but also the expertise and connections needed to navigate competitive industries successfully.

The fund’s focus on deep tech aligns with global trends, targeting sectors such as artificial intelligence, machine learning, and advanced digital platforms. With an international footprint already established in markets like Germany, Singapore, and Switzerland, the initiative underscores Portugal’s aspirations to be a significant player on the global tech stage. Plans to expand further into these markets by 2026 demonstrate a forward-looking strategy that combines local innovation with global reach.

Despite economic challenges, including shifts in its primary business sectors, the consultancy behind the fund has showcased resilience. By diversifying its investments and focusing on emerging industries such as insurance, it has weathered market fluctuations and continued to grow. Recent successes, including the sale of two innovative startups, have further solidified its position as a key player in the Portuguese tech ecosystem.

This latest venture capital fund represents not just an investment in startups but a commitment to nurturing Portugal’s innovation economy. By fostering creativity, supporting bold ideas, and encouraging international collaboration, the initiative highlights Portugal’s potential to become a leader in technological advancement.

With its emphasis on strategic investment, visionary leadership, and a global perspective, Portugal is setting the stage for a vibrant future in tech innovation, empowering startups to turn ideas into impactful realities.

Author

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes