Investments
254Portfolio Exits
9About Portugal Ventures
Portugal Ventures is a Venture Capital firm, focusing its investments in innovative, scientific and technology-based startups, with significant competitive advantages and export oriented to global markets. The firm has its head office in Portugal and offices in San Francisco, Boston, Austin, Berlin and London, and works alongside entrepreneurs, enabling high-growth ventures at a global scale. Portugal Ventures has €350M AUM and currently manages a portfolio of more than 70 startups.
Portugal Ventures Headquarter Location
Av. Dr. Antunes Guimaraes, 103
Porto, 4100-079,
Portugal
+351 226 165 390
Latest Portugal Ventures News
Jul 25, 2022
By Spacetech startup Spotlite has just secured €1.5 million in fresh funding. The Portuguese startup has developed an infrastructure monitoring system, using satellite imagery, that can give early detection of harmful events. Developments in the spacetech vertical are giving us incredibly valuable insights here on earth. Through satellite imagery and technology, improved forecasts and insights into life on earth can be generated, giving us greater prediction capabilities and oversight. Portugal is picking up pace in the European space sector, with startups like Spotlite putting the nation on the map as an emerging spacetech hub . The Funding Spotlite has announced the raise of a €1.5 million Seed round to supercharge its expansion and product development. Funding for the Coimbra-based company was led by Indico and EDP Ventures with participation from Portugal Ventures and Shilling. Spotlite: Harnessing satellite imagery Founded in 2017 by Ricardo Cabral and Martino Correia, Spotlite offers an infrastructure monitoring SaaS solution based on satellite imagery. The platform is able to provide risk analytics and recommendations, and, can allow for early detection of potentially harmful events – for example, ground and slope subsidence, vegetation encroachment, flooding or third-party interference. The Coimbra-born startup started out in the transportation sector and has since expanded to use in mining sites, energy infrastructure and buildings. Luís Manuel, Managing Partner at EDP Ventures explained: “Spotlite contributes so that, using a combination of satellite data, and data from local sensors, EDP’s teams can carry out continuous monitoring activities at a large scale and with high precision, thus allowing for effective predictive maintenance activities, and the early detection of potentially harmful events, in turn minimizing the downtime of critical infrastructures, such as those of the energy sector.” This funding comes fresh on the back of Spotlite’s successful entry into the UK market, through a pilot with a highway concessionaire. Spotlite won a UK Tech Rocketship Award in Portugal and attended the London Tech Week, where it was one of the semi-finalists. Stephan Morais, Managing General Partner of Indico Capital, added: “Spotlite is transforming the way infrastructure companies manage risk and preventive maintenance with accurate data and actionable recommendations. Current solutions are project-based and the market is huge and increasing, hence our investment from day one”. Future plans The startup is now also accredited by ANI (National Agency of Innovation) as an entity with professional competence for developing R&D activities. This new investment will be used to target further product development and commercial expansion. Spotlite aims to make key hires to further fuel its plans. Co-founder Martino Correia explained: “The new funding round presents an amazing opportunity and a significant step towards the implementation of our vision. Taking place nearly one year after our initial pre-seed round, it will accelerate the development of Spotlite and the growth of the team behind it, providing to our clients a unique toolset for infrastructure monitoring. Companies such as Egis, EDP or Brisa are already using Spotlite for structural health monitoring and risk analysis. Now we intend to expand to other European and LatAm markets, pursuing the goal of establishing a leading global position.” TAGS
Portugal Ventures Investments
254 Investments
Portugal Ventures has made 254 investments. Their latest investment was in Revault as part of their Seed VC on August 8, 2022.
Portugal Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/3/2022 | Seed VC | Revault | Yes | 1 | ||
7/25/2022 | Seed VC | Spotlite | $1.54M | Yes | 1 | |
1/21/2022 | Seed VC | Relive | $1.14M | Yes | 1 | |
9/23/2021 | Series A | |||||
9/9/2021 | Seed VC |
Date | 8/3/2022 | 7/25/2022 | 1/21/2022 | 9/23/2021 | 9/9/2021 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Seed VC | Series A | Seed VC |
Company | Revault | Spotlite | Relive | ||
Amount | $1.54M | $1.14M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Portugal Ventures Portfolio Exits
9 Portfolio Exits
Portugal Ventures has 9 portfolio exits. Their latest portfolio exit was Passworks on December 08, 2021.
Portugal Ventures Acquisitions
4 Acquisitions
Portugal Ventures acquired 4 companies. Their latest acquisition was Artenius Sines on September 21, 2010.
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 |
---|---|---|---|---|---|---|
9/21/2010 | Leveraged Buyout | 1 | ||||
7/24/2008 | ||||||
6/30/2008 | ||||||
12/31/2007 | Private Equity |
Date | 9/21/2010 | 7/24/2008 | 6/30/2008 | 12/31/2007 |
---|---|---|---|---|
Investment Stage | Private Equity | |||
Companies | ||||
Valuation | ||||
Total Funding | ||||
Note | Leveraged Buyout | |||
Sources | 1 |
Portugal Ventures Team
3 Team Members
Portugal Ventures has 3 team members, including current Chief Executive Officer, Jose Franca.
Name | Work History | Title | Status |
---|---|---|---|
Jose Franca | Chief Executive Officer | Current | |
Rui Ferreira | Executive Vice President | Current | |
Luis Vieira | Executive Vice President | Former |
Name | Jose Franca | Rui Ferreira | Luis Vieira |
---|---|---|---|
Work History | |||
Title | Chief Executive Officer | Executive Vice President | Executive Vice President |
Status | Current | Current | Former |
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