Indico Capital Partners
2026-08-31indicocapital.com
Overview
What they do
Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, internet of things, fintech, cybersecurity and digital companies, targeting investments at Seed to Series A level. Founded in 2017, the team at Indico were previously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.
Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia. In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.
Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong Portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecosystem.
indicocapital.com
What they look for
Investing in Southern European engineering and entrepreneurial talent (specifically Portuguese, Spanish, and Italian-related businesses) to build scalable, category-winning high-tech and sustainable global companies.
indicocapital.com
Stage
Pre-seed, Seed, Series A, Series B+
indicocapital.com
Sectors
AI, Climate, Consumer, Deeptech, SaaS, Fintech, Healthcare
indicocapital.com
Based
Lisbon, PT
indicocapital.com
Sources
2026-08-27indicocapital.comSince we became the first sizable independent VC firm in Portugal in 2018, we proved this…
2026-08-27indicocapital.comSupporting the best tech and sustainable companies going from local to global
2026-08-27indicocapital.comAnchorage is a crypto-native digital asset custodian using modern security engineering to help…
Portfolio, cheque size and the rest
The 25 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.
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