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Government
portugal.gov.pt

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Investments

5

Funds

2

Partners & Customers

1

About Government of Portugal

The Government of Portugal is committed to the economic growth and profitability of Portugal.

Government of Portugal Headquarter Location

Lisbon,

Portugal

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Latest Government of Portugal News

Sounding Off: Perception of "risk" is one of many factors to overcome

Apr 30, 2021

By PhocusWire | April 30, 2021 Rita Marques, Government of Portugal "We still have a huge barrier to overcome – it’s the perception of the risk." Quote from Rita Marques, Portugal's tourism secretary, in an article on PhocusWire this week about recovery efforts by the travel industry. Perceptions are wretched things to have to deal with at the best of times - but in a period where there is nothing to benchmark them against, it's even tougher. There is no historical precedent (such as a 15-month long pandemic that shut down the industry) to which consumer behavior can be measured accurately. And perceptions, generally, are difficult to base any assumptions on given that sample sizes of opinion can never be totally reliable. Industry leaders and governments are right when they say that “health authorities are in the pilot seat" and that travelers will only get on the road once more when they are reassured that it is safe to do so. But this belief masks a number of other elements that may be causing some hesitation among those eager to travel once more. The pandemic, in many respects, shone a light on the behavior of travel brands and how they treat customers. There were some isolated incidents but, broadly, the repatriation of customers as routes shut down at a frantic pace in March 2020 happened fairly seamlessly. A thumbs-up there, for sure, but where many brands came unstuck was in the process (or not) of repaying money to customers that had their trips canceled throughout much of the pandemic-struck year. So, alongside the health risks that many travelers still fear, are genuine concerns that if things go wrong again (the industry is far from free yet from the disruption that can happen extremely quickly, as last year illustrated), customers will be left out of pocket. Travelers want to be safe and they want to visit destinations and accommodation, fly on places or be transported in vehicles, which have their health concerns as the number one priority. But they also want the companies that operating those products to have customer service working as efficiently and fairly as possible. Health regulators have an important part to play in countering negative perceptions of what traveling will be like during the recovery process, but it's the industry's role to make sure it does everything it can to take every conceivable eventuality into account when it says it's looking after customers. PhocusWire's regular editorials

Government of Portugal Investments

5 Investments

Government of Portugal has made 5 investments. Their latest investment was in Efacec as part of their Loan on August 8, 2020.

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Government of Portugal Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/25/2020

Loan

Efacec

$82.7M

Yes

1

3/1/2019

Grant

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$99M

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10

10/21/2017

Unattributed

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$99M

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10

2/7/2016

Corporate Minority

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$99M

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10

8/1/2011

Grant

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$99M

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10

Date

8/25/2020

3/1/2019

10/21/2017

2/7/2016

8/1/2011

Round

Loan

Grant

Unattributed

Corporate Minority

Grant

Company

Efacec

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Amount

$82.7M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Government of Portugal Acquisitions

2 Acquisitions

Government of Portugal acquired 2 companies. Their latest acquisition was Transportes Aereos Portugueses on July 03, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/3/2020

Corporate Minority

$2.1M

Corporate Majority

1

6/6/2019

Unattributed

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$99M

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10

Date

7/3/2020

6/6/2019

Investment Stage

Corporate Minority

Unattributed

Companies

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Valuation

Total Funding

$2.1M

$99M

Note

Corporate Majority

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Sources

1

10

Government of Portugal Fund History

2 Fund Histories

Government of Portugal has 2 funds, including Portugal Co-Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/8/2016

Portugal Co-Investment Fund

$220M

1

Portugal Co-Investment Fund II

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$99M

10

Closing Date

11/8/2016

Fund

Portugal Co-Investment Fund

Portugal Co-Investment Fund II

Fund Type

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Status

Amount

$220M

$99M

Sources

1

10

Government of Portugal Partners & Customers

1 Partners and customers

Government of Portugal has 1 strategic partners and customers. Government of Portugal recently partnered with Carnegie Mellon University on February 2, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

2/15/2018

Partner

Carnegie Mellon University

United States

CMU and Portugal renew partnership for ICT growth - College of Engineering at Carnegie Mellon University

In the previous ten years , the Carnegie Mellon University partnered with Portuguese universities and research institutions to make a significant impact on the scientific culture and the entrepreneurial capability of Portugal 's ICT sector .

1

Date

2/15/2018

Type

Partner

Business Partner

Carnegie Mellon University

Country

United States

News Snippet

CMU and Portugal renew partnership for ICT growth - College of Engineering at Carnegie Mellon University

In the previous ten years , the Carnegie Mellon University partnered with Portuguese universities and research institutions to make a significant impact on the scientific culture and the entrepreneurial capability of Portugal 's ICT sector .

Sources

1

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