Portugal Ventures

Portugal Ventures is a venture capital firm based in Porto, Portugal, founded in 2012 through the merger of three state-backed private equity firms. It focuses on investing in innovative, scientific, and technology-driven companies, as well as those in the tourism and industrial sectors. The firm targets startups in their seed and early stages, particularly in digital technology, engineering and manufacturing, life sciences, and tourism, with investments ranging from 300,000 to 1.5 million euros. Portugal Ventures emphasizes co-investment with both Portuguese and international partners and adopts a milestone-based tranche payment approach. It typically acquires a minority stake in the companies it funds and takes a seat on their Board of Directors, aiming to support exceptional entrepreneurs in enhancing their competitiveness and achieving global expansion.

Maria João Almeida

Investment Manager

Nuno Ferreira de Almeida

Investment Manager

Miguel Barbosa

Investment Director

Miguel Botto

Investment Director

António Nabais Carvalho

Director

Patrícia Costa Ph.D

Investment Manager

Pedro Cunha

Investment Manager

Afonso Granate Fernandes

Investment Manager

Rui Ferreira

President

Fernando Peres Ferreira

Investment Manager

Adelina Figueiredo

Investor

Teresa Fiuza

Executive Vice President

Pedro Grilo

Investment Manager

Nuno Macedo

Investment Manager

António Martinez

Investment Manager

Filomena Pastor

Investment Director

João Pereira

Investment Director

Pedro Quelhas

Investment Manager

Joana Rocha

Investment Manager

Sílvia Silva

Investment Manager and Deputy Director

Ana Lobo Xavier

Investor

Past deals in Smart Cities

Spotlite

Seed Round in 2022
Spotlite, based in Coimbra, Portugal, specializes in developing monitoring systems that utilize satellite imagery for infrastructure assessment. The company's platform enables continuous large-scale monitoring to detect potential risks early, thus allowing clients to mitigate the likelihood of critical situations and associated damages. By providing analytics for asset management and maintenance operations, Spotlite supports infrastructure managers and operators in implementing timely preventive measures. This proactive approach is designed to prevent critical failures and minimize losses across various industries.

Managing The Intelligence

Seed Round in 2022
Developer of electronic devices intended to develop IoT eco-friendly devices to make more sustainable buildings. The company uses artificial intelligence, automation, and digital processes to reduce the environmental footprint and control various systems installed in buildings, such as HVAC systems, lighting control, photovoltaic and solar heating panels, energy monitorization, and smart appliances, enabling companies to make more sustainable buildings, optimize operational costs, and increase revenues.

Sciven

Seed Round in 2021
SCIVEN is a Clean-tech company that markets, explores, and develops energy generation and supply solutions for intensive consumers. Their solutions are designed to promote it through strong benefits for its users but also with significant impacts on society.

SkyPowerLines

Venture Round in 2021
SkyPowerLines is a Portuguese startup specializing in aerial inspection and 3D mapping of transmission and distribution lines across Europe. Developed from the softlanding process by Brazilian company Novarum Sky, it offers a scalable service that utilizes innovative technology for image and data collection. The company employs small, long-range drones with fully automated flight plans, which provide a more efficient alternative to traditional ground patrols and larger drones equipped with LiDAR technology. This solution allows clients to conduct detailed analyses of areas at risk of accidents near power lines. The drones can be operated by customers, partner drone operators, or the SkyPowerLines pilot team, integrating seamlessly with IoT technologies to enhance operational effectiveness.

Intellicare

Venture Round in 2021
Intellicare provides greater security and well-being to the senior population and greater tranquility to their caregivers, thus enhancing the quality of life for both. Smart Monitoring's mission is to use ICT technologies to address better care to people's relatives to live with comfort, autonomy, safety, and perceived being close to their beloved ones.

Nina Space

Venture Round in 2021
Nina Space is an environmental services provider dedicated to preventing and mitigating wildfires. The company utilizes remote sensing and machine learning technologies to address the global challenge of wildfires, emphasizing the significance of maintaining healthy forests. By promoting the wellbeing of natural ecosystems, Nina Space aims to foster a deeper connection between people and nature, rather than creating a divide. Their innovative approach seeks to enhance environmental resilience while supporting community engagement with the natural world.

Klugit Energy

Venture Round in 2021
Klugit Energy focuses on providing efficient demand-response solutions for utilities and households through its innovative smart plug technology. This plug can be attached to any electric water heater, transforming it into a Wi-Fi connected and smart-grid compatible device. Electric water heaters are known to waste significant energy due to standby thermal losses, with millions installed across Europe contributing to substantial energy waste. By utilizing artificial intelligence, Klugit's system learns users' hot water consumption patterns and optimizes heating schedules, resulting in immediate cost savings for families. Additionally, Klugit offers a cost-effective solution for utilities seeking to implement peak shaving services, effectively converting electric water heaters into energy storage devices that can address challenges associated with renewable energy integration.

SCEMAI

Seed Round in 2021
SCEMAI is an AI-driven energy monitoring solutions provider for commercial and industrial applications. It was incorporated in 2020 and is headquartered in Madalena, Portugal.

Wysensing

Seed Round in 2021
Wysensing provides solutions to manage and monitor equipment and locations for quality control and hygiene analysis. They are a 100% Portuguese company dedicated to exploring and developing solutions applied in IOT – Internet of things. They emerged with the objective of putting Portugal on the front line in one of the markets with the greatest growth potential.

Cleanwatts

Seed Round in 2021
Designed to address the complex multilayered needs of local energy communities, Cleanwatts combines the benefits of real time energy efficiency with the ability to activate a wide range of local assets (any equipment that generates, consumes, or stores energy) to maximize the value of energy produced, consumed, and stored within a community thereby delivering clean energy at well below the price of conventional electricity. Cleanwatts OS is modular by design, highly adaptable to different legal frameworks and the specific needs of typical local participants, including commercial real estate and industrial enterprises, single family homes, apartment blocks, municipal buildings, universities, schools, and hospitals. Critically, the platform also carries a Virtual Power Plant (VPP) user interface specifically designed to aggregate a wide range of energy loads to enable market balancing services in support of local grid operators. In this respect, the Cleanwatts approach to serving energy communities is a game changer, providing a simple and flexible solution with intelligent controls designed to process and optimize all local needs in real time, from behind the meter applications to front of the meter local market requirements.

Goclever

Seed Round in 2021
Goclever, established in 2019 and headquartered in Lisboa, specializes in digitizing the physical environment to enhance economic efficiency. The company has developed an artificial intelligence-based platform that utilizes advanced sensors to automate and improve operations in the maritime industry. Its solutions include waste management and cargo verification systems, which aim to optimize port efficiency. By streamlining logistics processes and reducing operational costs, Goclever contributes to creating a more sustainable network for the flow of goods.

Spotlite

Venture Round in 2021
Spotlite, based in Coimbra, Portugal, specializes in developing monitoring systems that utilize satellite imagery for infrastructure assessment. The company's platform enables continuous large-scale monitoring to detect potential risks early, thus allowing clients to mitigate the likelihood of critical situations and associated damages. By providing analytics for asset management and maintenance operations, Spotlite supports infrastructure managers and operators in implementing timely preventive measures. This proactive approach is designed to prevent critical failures and minimize losses across various industries.

We Can Charge

Pre Seed Round in 2020
We Can Charge offers a platform that enables businesses to build, manage, and monetize their own electric vehicle charging networks. The company specializes in developing a decentralized, data-driven solution that allows for the creation of autonomous charging infrastructure. This innovative approach empowers organizations to establish and control their charging stations globally without requiring significant financial investments. By providing the necessary tools for businesses to create private charging networks, We Can Charge facilitates the growth of electric vehicle infrastructure, making it accessible and economically viable for various enterprises.

Aqva More

Seed Round in 2020
Aqva More specializes in water consumption monitoring systems aimed at reducing water wastage. The company provides technological modules designed for installation in residential households and boilers. Its solutions focus on preserving natural resources while also offering features for bill management and ecological footprint assessment. By implementing these systems, customers can effectively lower their water consumption and save on utility expenses, contributing to both environmental sustainability and financial savings.

Eneida

Series A in 2020
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Eneida

Venture Round in 2020
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

VizitAR

Seed Round in 2019
VizitAR is a start-up that offers an augmented reality platform designed to enhance the visitor experience in cities, museums, and stadiums. Founded in 2019 and based in Porto, Portugal, the company leverages users' exact locations alongside virtual and augmented reality technology to provide immersive, interactive tours. Its platform incorporates a gamification system and NFTs, allowing users to engage more meaningfully with their surroundings while also creating alternative revenue streams for venues. By improving storytelling and engagement, VizitAR aims to transform how individuals experience cultural and recreational spaces.

Live Electric Tours

Seed Round in 2018
Live Electric Tours is a Lisbon-based tour operator that specializes in providing self-drive experiences in 100% electric vehicles for tourists. As a subsidiary of ELECTRIC RENT, the company enables visitors to explore the city in an environmentally friendly manner. The vehicles are equipped with free Wi-Fi, a GPS audio guide that optimizes traffic routes, and a live camera, allowing users to share their experiences in real time on social media. This innovative approach aims to offer a unique way for tourists to rediscover urban environments while promoting sustainable travel.

Eneida

Seed Round in 2018
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Eneida

Venture Round in 2018
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

iClio

Seed Round in 2017
iClio S.A., based in Coimbra, Portugal, specializes in the creation and publication of content focused on history, heritage, and culture for digital platforms, including Android and iOS devices. The company develops guides tailored to the needs of museums, institutions, thematic routes, and events, ensuring high-quality content that enhances user experience. iClio aims to bridge the gap between content and technology, emphasizing accuracy, usability, and design quality in its offerings. By producing diverse content formats, iClio addresses the growing demand for engaging historical and cultural information in the digital age.

Eneida

Venture Round in 2017
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Wizi

Venture Round in 2017
Wizi develops location-sharing and geo-social discovery solutions for mobile devices. Its technology aggregates geo-location technology and location information obtained from social networks for smartphones. Wizi also develops a text-based service that works on all mobile devices. It integrates with mobile operator's location-based services that allow mobile subscribers to get into the process of geo-location and geo-social discovery. Wizi is based in Lisboa, Portugal.

Cubo

Seed Round in 2015
Cubo - Environmental Technologies S.A., established in 2016 and headquartered in Castelo da Maia, Portugal, specializes in the production and marketing of advanced technologies for drinking and wastewater treatment. The company focuses on the efficient utilization of water through its innovative compact and modular treatment units, which are designed to meet modern standards of water purification. These units are capable of treating both wastewater and drinking water, ensuring access to quality water for communities, particularly those located away from urban centers. Cubo's technology offers a robust and flexible solution that simplifies installation, operation, maintenance, and transportation, making it suitable for various markets, including industrial and tourism sectors. The company is supported by Portugal Ventures, which plays a crucial role in its development and growth.

iClio

Seed Round in 2015
iClio S.A., based in Coimbra, Portugal, specializes in the creation and publication of content focused on history, heritage, and culture for digital platforms, including Android and iOS devices. The company develops guides tailored to the needs of museums, institutions, thematic routes, and events, ensuring high-quality content that enhances user experience. iClio aims to bridge the gap between content and technology, emphasizing accuracy, usability, and design quality in its offerings. By producing diverse content formats, iClio addresses the growing demand for engaging historical and cultural information in the digital age.

Omniflow

Seed Round in 2014
Omniflow, SA is a company focused on developing autonomous energy solutions that integrate wind and solar power technologies. Its flagship product, OMNILED, is an innovative smart energy platform featuring an omnidirectional wind turbine and high-efficiency solar cells. This platform is designed for advanced Internet of Things (IoT) applications in both urban and remote settings. Omniflow's technology enables effective microgeneration and energy storage, making it suitable for various services, including street lighting and sensor operations. By harnessing renewable energy sources, the company aims to provide reliable power generation solutions tailored to diverse environments.

Muzzley

Seed Round in 2014
Muzzley is an intelligent mobile app+cloud+api/sdk intelligent platform for IOT consumer world. It's a single entry point that avoids the consumer to have hundreds of different apps to interact with hundreds of different devices. The system predicts the user desires according to the constant learning algorithm and suggests/takes actions to improve his/her relation with the connected devices.

iClio

Seed Round in 2014
iClio S.A., based in Coimbra, Portugal, specializes in the creation and publication of content focused on history, heritage, and culture for digital platforms, including Android and iOS devices. The company develops guides tailored to the needs of museums, institutions, thematic routes, and events, ensuring high-quality content that enhances user experience. iClio aims to bridge the gap between content and technology, emphasizing accuracy, usability, and design quality in its offerings. By producing diverse content formats, iClio addresses the growing demand for engaging historical and cultural information in the digital age.

Muzzley

Seed Round in 2013
Muzzley is an intelligent mobile app+cloud+api/sdk intelligent platform for IOT consumer world. It's a single entry point that avoids the consumer to have hundreds of different apps to interact with hundreds of different devices. The system predicts the user desires according to the constant learning algorithm and suggests/takes actions to improve his/her relation with the connected devices.

Eneida

Seed Round in 2012
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Omniflow

Seed Round in 2011
Omniflow, SA is a company focused on developing autonomous energy solutions that integrate wind and solar power technologies. Its flagship product, OMNILED, is an innovative smart energy platform featuring an omnidirectional wind turbine and high-efficiency solar cells. This platform is designed for advanced Internet of Things (IoT) applications in both urban and remote settings. Omniflow's technology enables effective microgeneration and energy storage, making it suitable for various services, including street lighting and sensor operations. By harnessing renewable energy sources, the company aims to provide reliable power generation solutions tailored to diverse environments.

CSide

Seed Round in 2008
CSide is a global technology solutions provider, developing pioneering technology in a variety of fields, enabling your company to provide to customers several innovative cloud based services, namely advanced energy services, remote automation, professional video surveillance and security solutions.
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