HCapital

Founded in 2014, HCapital is a Portuguese private equity firm focused on investing in small and medium-sized enterprises operating in the energy, smart territories & mobility, industrial processes, and data & connectivity sectors across Iberia.

João Arantes e Oliveira

Founding Partner

Isabel Lima

Founding Partner and Managing Partner

Gonçalo Sousa Coutinho

Associate Partner

Past deals in Portugal

Eneida

Series B in 2024
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Progrow

Seed Round in 2022
Founded in 2014, Progrow offers a SaaS platform that supports Kaizen methodologies for industrial sites. It automatically extracts and centralizes data from various sources to analyze indicators and improve operations through collaboration tools.

Enline

Seed Round in 2020
Enline is a global software company specializing in Digital Twin technology for power grids. The company's IIoT software creates and operates digital representations of assets, capturing electrical, mechanical and thermal behavior without the need for sensors, and can be deployed remotely in days at a competitive cost. It serves clients across power generation, transmission and distribution, industry, mining and financial sectors, with customers on five continents and offices in Portugal, Germany, Brazil and Peru. Enline's platform enables predictive and real-time monitoring, fault detection, transmission loss reduction, system modeling, forecasting, design and optimization, helping grid operators improve asset efficiency, availability and reliability while lowering operational costs. The company emphasizes speed of innovation, vertical expertise and global reach to simplify complex grid challenges at scale.

Eneida

Series A in 2020
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Progrow

Seed Round in 2020
Founded in 2014, Progrow offers a SaaS platform that supports Kaizen methodologies for industrial sites. It automatically extracts and centralizes data from various sources to analyze indicators and improve operations through collaboration tools.

Eneida

Seed Round in 2018
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.
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