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portugalventures.pt

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Investments

254

Portfolio Exits

9

About 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

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Latest Portugal Ventures News

Portuguese startup Spotlite secures €1.5 million for its space monitoring tech

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.

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Portugal Ventures Investments Activity

investments chart

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

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$99M

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10

9/9/2021

Seed VC

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$99M

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10

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

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Amount

$1.54M

$1.14M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Portugal Ventures Portfolio Exits

9 Portfolio Exits

Portugal Ventures has 9 portfolio exits. Their latest portfolio exit was Passworks on December 08, 2021.

Date

Exit

Companies

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

Acquirer

Sources

12/8/2021

Acquired

$99M

1

9/14/2021

Acquired

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$99M

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10

5/4/2021

Acquired

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$99M

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10

11/11/2020

Acquired

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$99M

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10

7/23/2020

Corporate Majority

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$99M

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10

Date

12/8/2021

9/14/2021

5/4/2021

11/11/2020

7/23/2020

Exit

Acquired

Acquired

Acquired

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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

$99M

Leveraged Buyout

1

7/24/2008

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$99M

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10

6/30/2008

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$99M

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10

12/31/2007

Private Equity

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$99M

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10

Date

9/21/2010

7/24/2008

6/30/2008

12/31/2007

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

Note

Leveraged Buyout

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Sources

1

10

10

10

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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