Portugal Ventures

Portugal Ventures is a venture capital firm based in Porto, Portugal. Founded in 2012 as part of the Banco Português de Fomento group, it concentrates on investing in innovative, science- and technology-based companies and in tourism and industrial sectors. The firm targets early-stage funding, including pre-seed, seed, and Series A rounds, and also engages in expansion investments for small and medium enterprises seeking international growth. Its portfolio spans digital technology, manufacturing, therapeutics, health tech, artificial intelligence, cybersecurity, virtual reality and augmented reality, internet of things, and related areas, aiming to stimulate the Portuguese economy and support global scaling. Portugal Ventures emerged from the merger of AICEP Capital Global, InovCapital, and Turismo Capital, consolidating state-backed private equity activity to back startups and scale-ups in Portugal.

Maria João Almeida

Investor

Miguel Barbosa

Investment Director

Miguel Botto

Investment Director

António Nabais Carvalho

Director

Patrícia Costa Ph.D

Investment Manager

Past deals in Tourism

Unlock Boutique Hotels

Seed Round in 2023
Unlock Boutique Hotels is a hotel management company founded in 2016 and based in Porto, Portugal. Specializing in small to medium-sized hotels, the company focuses on delivering unique and culturally authentic experiences to its guests. It operates a portfolio of boutique hotels that cater to various needs, including accommodations for weddings, meetings, events, and conferences, alongside in-house dining options. As a subsidiary of NEWMARK Hotels (Pty) Ltd, Unlock Boutique Hotels emphasizes excellence in hospitality while providing detailed information about stays in its distinctive locations across Portugal.

The Independente Collective

Series A in 2021
A hospitality group specializing in hybrid hotel-hostel properties, offering unique and authentic travel experiences. Each property is designed to make guests feel welcomed and relaxed while immersing them in the local culture.

Sleep & Nature

Venture Round in 2021
Based in Montemor-o-Novo, Portugal, Sleep & Nature specializes in constructing and operating wellness-focused hotels. Their properties offer accommodation units alongside various facilities designed to promote relaxation, stress relief, and improved sleep through holistic services.

Hostels HUB

Venture Round in 2021
Hostels HUB is a hostel developer that is looking for opportunities both in city as leisure locations around Portugal.

Algrave Sun Boat Trips

Venture Round in 2020
Algrave Sun Boat Trips is a family-owned and operated business that offers solar-powered boats.

Wide Ocean Retreat

Venture Round in 2020
Wide Ocean Retreat is a business that specializes in organizing retreats focused on wellness and personal growth. It offers serene environments for its clients, featuring natural settings such as cliffs, waterfalls, forests, rivers, and sandy beaches. The company provides a range of services including suitable locations, healthy food options, outdoor classes, ayurvedic massages, surfing, horse riding, and hiking. These offerings are designed to help customers enhance their well-being and health through yoga and other wellness activities.

Azores Touch

Venture Round in 2019
Azores Touch is a tourism-focused business established in 2017 by Sérgio Cota. Based in the Azores, it offers comprehensive holiday planning services, including local accommodation rentals, car hire, and a wide array of land and sea-based activities. The company's mission is to provide tourists with a complete and remarkable experience during their stay in the Azores, ensuring memorable vacations through its extensive network of tourism partners.

X-Plora

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.

TRY Portugal

Venture Round in 2019
TRY Portugal operates a travel agency and tour operations. TRY Portugal delivers a digital marketplace that unites the broadest national offer of a qualified Network of touristic programs, experiences, and outdoor activities.

Live Electric Tours

Seed Round in 2018
Live Electric Tours is a tour operator based in Lisbon, Portugal, specializing in providing self-drive experiences using 100% electric vehicles for tourists. As a subsidiary of Electric Rent, the company facilitates online bookings for its electric vehicles, allowing visitors to explore cities in an eco-friendly manner. Each vehicle is equipped with free Wi-Fi, a GPS audio guide that optimizes traffic routes, and a live camera feature, enabling users to share their experiences in real-time on social media platforms. Live Electric Tours aims to offer a unique and sustainable way for tourists to rediscover urban exploration.

Doinn

Seed Round in 2016
Founded in 2015, Doinn is a Lisbon-based company that develops a platform connecting short-term rental hosts with professional cleaning, laundry, and check-in services. The platform streamlines operations by enabling easy scheduling, real-time tracking, and communication between service providers and hosts. It also facilitates the purchase of cleaning supplies and linen rentals from vetted providers across six countries.

B-Guest

Seed Round in 2015
B-Guest is a guest engagement platform designed to enhance the connection between hotels and their guests. The company specializes in providing innovative services that integrate seamlessly with hotel property management systems. B-Guest's offerings include automated check-in and check-out processes, which streamline operations and reduce paper usage, thereby saving time and costs for hotels while improving guest satisfaction. Additionally, the platform facilitates in-stay marketing campaigns, automating communication with guests through multiple channels such as email, SMS, and push notifications. B-Guest also features a mobile concierge service, allowing guests to access and request hotel services via a dedicated app or web interface. This comprehensive approach not only enhances the guest experience but also enables hotels to gather real-time feedback, mitigating the risk of negative reviews on social media.

XTourMaker

Seed Round in 2014
XTourMaker is a technology and services company that specializes in providing cloud-based mobile solutions for the hospitality and tourism sector. The company operates a web-based platform that enables users to create mobile applications and GPS tour guides tailored for hotels, bed and breakfasts, venues, tourism animation companies, tour operators, and various events. With a focus on innovation, XTourMaker has successfully delivered over 100,000 GPS-guided tours. Founded by a team of entrepreneurs with experience in launching tourism brands in Europe, the company has established a presence in both North America and Europe, contributing to its reputation as a fast-growing player in the industry.

Medical Port

Seed Round in 2014
Medical Port is a global facilitator for medical tourism, specializing in connecting clients with high-quality, cost-effective healthcare services in Portugal. They offer personalized solutions tailored to individual needs and timelines.

youbeQ - Maps With Life

Seed Round in 2013
About youbeQ - Maps With Life youbeQ is a project born inside iNovmapping LDA, and now is property of Maps With Life, S.A. a iNovmapping LDA spin-off. Currently we are incubated in the "Instituto Pedro Nunes" (IPN) - Association for Innovation and Development in Science and Technology at the University of Coimbra, voted the best technology-based incubator of the world in 2010. What is youbeQ? youbeQ is a social hybrid reality platform integrated in Google Maps/Earth where you can travel around the world, discover new places, meet new people and share your own experiences among with friends. See what's going around you.

Serafim Silva

Venture Round in 2011
Serafim Silva is a hotel management and accommodation in Nazaré.
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