Indico Capital Partners

Indico Capital Partners is an independent venture capital firm based in Lisbon, Portugal, established in 2017. It specializes in investing in global technology companies across various sectors, including software as a service, artificial intelligence, cybersecurity, fintech, and digital platforms. Indico targets investments primarily at the Seed to Series A stages, aiming to support innovative startups that have the potential to become significant players in the market. The firm is led by experienced professionals who have contributed to many of Portugal's successful tech ventures, bringing a wealth of entrepreneurial and investment expertise. Indico seeks to capitalize on the growing entrepreneurship culture in Portugal, bolstered by a strong pool of tech graduates and an emerging startup ecosystem in cities like Lisbon. The firm is committed to identifying and backing the next generation of successful companies that embody the potential of the Portuguese tech landscape.

Stephan Morais

Managing General Partner

André Almeida Santos

Partner

Ricardo Torgal

General Partner

Past deals in Lisbon

Modatta

Seed Round in 2023
Modatta is a Lisbon-based company founded in 2018 that offers a mobile application functioning as a marketplace for consented private data. The platform connects consumers and companies, allowing them to negotiate the usage of personal data while ensuring compliance with privacy regulations such as GDPR. Modatta aims to create a decentralized wallet for personal data, enabling users to generate custom datasets on demand and monetize their interactions with businesses. The platform utilizes artificial intelligence to generate and validate data as well as to confirm user interactions, ensuring a secure and efficient process. By facilitating direct payments from companies to users for their data and profile-targeted interactions, Modatta provides a revenue-generating opportunity for consumers while offering businesses an compliant alternative to reach their target audience. The company boasts a rich dataset and a validated model for user acquisition, activation, and retention, contributing to its significant growth in the market.

Modatta

Pre Seed Round in 2020
Modatta is a Lisbon-based company founded in 2018 that offers a mobile application functioning as a marketplace for consented private data. The platform connects consumers and companies, allowing them to negotiate the usage of personal data while ensuring compliance with privacy regulations such as GDPR. Modatta aims to create a decentralized wallet for personal data, enabling users to generate custom datasets on demand and monetize their interactions with businesses. The platform utilizes artificial intelligence to generate and validate data as well as to confirm user interactions, ensuring a secure and efficient process. By facilitating direct payments from companies to users for their data and profile-targeted interactions, Modatta provides a revenue-generating opportunity for consumers while offering businesses an compliant alternative to reach their target audience. The company boasts a rich dataset and a validated model for user acquisition, activation, and retention, contributing to its significant growth in the market.

Unbabel

Series C in 2019
Unbabel Inc. specializes in providing online translation services that facilitate communication between businesses and their customers in multiple languages. Founded in 2013 and headquartered in San Francisco, with additional offices in New York, Pittsburgh, and Lisbon, the company integrates machine translation technology with a network of human editors. This approach allows Unbabel to deliver high-quality translations for user-generated content, such as emails and chats, across various digital channels. By leveraging artificial intelligence and a global community of bilingual translators, Unbabel ensures that enterprises can offer prompt and authentic translations, thereby enhancing customer service and enabling businesses to effectively engage with a diverse, international audience.
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