Portuguese VC firm Índico Capital Partners has launched a €125 million venture capital fund to support Southern European tech innovators.
- Founded in 2017 by Stephan de Moraes, Ricardo Marques, and Cristina Fonseca, Índico Capital Partners is an independent venture capital firm that invests primarily in early-stage Southern European technology and sustainable companies.
- The firm focuses on sectors such as enterprise SaaS, AI, deeptech, blockchain/Web3, IoT, fintech, cybersecurity, digital marketplaces, spacetech, and oceantech, with a strong emphasis on sustainability and the blue economy.
- Índico typically invests between €100,000 and €10 million per company, often acting as the first institutional investor in pre-seed, seed, and Series A/B rounds, while selectively participating in Series C.
- Since 2019, Índico has invested in more than 50 companies, including Anchorage, ArtPool, Bildia, Cargofive, and Eleos, with their combined fundraising surpassing €2 billion. The firm currently manages approximately €225 million in assets across multiple funds.
- With its new fund, the firm intends to invest in early-stage tech companies from Southern Europe, mainly Portugal, Spain, and Italy, as well as ventures from these countries operating internationally.
- The focus will be on enterprise SaaS, AI, deep tech, spacetech, and oceantech, with investments spanning from seed to Series B.
"We are ready to amplify our impact across Southern Europe’s ecosystem, unlocking opportunities and providing the capital, expertise, and network necessary to transform ambitious startups into global category leaders. We look forward to this exciting journey with our community of founders, LPs, and partners," Indico Capital Partner's team, commented on LinkedIn.
- The Indico Fund III is backed by the European Investment Fund (EIF) with a €30 million anchor commitment, as well as support from the EU’s InvestEU programme and Portugal Blue, which funds startups and companies in the blue economy.
