Lisbon-based Indico Capital Partners, an early-stage venture capital firm, has raised €76 million and announced that Banco Português de Fomento (BPF) has increased its commitment to Indico VC Fund II from €35 million to €50 million. The fund is dedicated to supporting early-stage tech startups in the global market.
- Founded in 2017 by Stephan de Moraes and Ricardo Torgal, Indico Capital Partners is a venture capital firm that supports tech startups across Portugal, Spain, and Italy.
- Specializing in seed to Series A investments, Indico Capital Partners provides funding ranging from €100,000 to €1 million across various sectors, including AI, big data, enterprise SaaS, fintech, marketplaces, Web3, and ocean sustainability. Since 2019, Indico has invested €90 million in 49 companies, which have attracted more than €1.9 billion in total funding from global investors.
- Indico VC Fund II is dedicated to supporting early-stage tech startups, promoting innovation and the growth of high-potential companies. So far, the fund has completed 4 investments totaling €14.8 million, with additional investments currently under review and in the decision-making phase.
"This investment will enable us to continue supporting early-stage tech startups, driving innovation and helping high-potential companies scale in the global market," Co-founder and Managing General Partner at Indico Capital Partners, Stephan de Moraes, commented.
- The fund received support from Banco Português de Fomento (BPF), a Porto-based bank that funds national and international projects through innovative financing solutions that promote sustainability, entrepreneurship, and job creation.
- BPF increased its investment in Indico due to the firm's strong performance, which highlights its success in selecting and supporting promising startups.
- Indico VC Fund II attracts a variety of investors, including institutions, individuals, corporations, and Golden Visa and SIFIDE2 investors.
