Lisbon, June 4, 2024 - Portugal Ventures, the venture capital company of the Banco Português de Fomento Group, is pleased to announce the creation of the Fund Região de Leiria Crescimento - Fundo de Capital de Risco Fechado (FCRF), to promote access to venture capital funding for innovative projects, embodied by companies based in one of the 10 municipalities of the Intermunicipal Community of the Leiria Region (CIMRL), or which intend to establish a presence and significant operations there. With the launch of this regional initiative, Portugal Ventures and its local partners aim to boost the entrepreneurial ecosystem by focusing on projects with a high potential for growth and value, preferably in strategic areas and sectors for the geographical region that is part of CIMRL, and which can generate significant impact there. This initiative also represents a commitment to innovation and human capital to promote the region's exports and, consequently, positively reinforce CIMRL's image abroad. The Fund will invest in projects in the following areas: Digital & Technology; Industry & Technology; Health technologies; Tourism; With a preferential focus on companies operating in the areas of the green economy and energy efficiency; ICT and smart mobility; Life sciences and biotechnology and other projects impacting the Leiria Region. The creation of this fund represents Portugal Ventures' commitment to the growth of companies in the Leiria Region, enabling them to obtain financial capacity and equity so they can reach stages of greater development. Teresa Fiúza, Executive Vice-President of Portugal Ventures Teresa Fiúza, Executive Vice-President of Portugal Ventures, said: “The creation of this fund represents Portugal Ventures' commitment to the growth of companies in the Leiria Region, enabling them to obtain financial capacity and equity so they can reach stages of greater development.” She also praises the role played by local partners who have worked over the last few years to create and develop the region's entrepreneurial ecosystem. “From the application stage to the fund's establishment, the partners have been fundamental in putting the Leiria Region on the national and international entrepreneurship map and we are very excited to learn even more about the innovation potential that the region has to show.” According to Engineer António Poças, of President NERLEI CCI, “the existence of the ‘Região de Leiria Crescimento’ Capital Fund, which is the result of a partnership between NERLEI CCI, CIMRL and Portugal Ventures, with the strong involvement of the Leiria Polytechnic and Startup Leiria, was an important milestone in signalling to local companies the possibility of compensating for ‘market failures’ in terms of access to financial and capital instruments by SMEs. The aim is to support projects with growth potential and an impact on exports, company succession projects and projects based on concentration operations and the investment tickets will be between 250,000 euros and 1.5 million euros per company.” The “Região de Leiria Crescimento” Venture Capital Fund is a partnership between Portugal Ventures, CIMRL and the Leiria Region Business Association / Chamber of Commerce and Industry (NERLEI CCI). The result of an application approved for the Venture Capital Programme promoted by Banco Português de Fomento (BPF) as part of the Recovery and Resilience Plan (PRR), the “Região de Leiria Crescimento” Fund aims to help mitigate the difficulties faced by companies in the region in accessing capital and to develop a strong and globally competitive innovation ecosystem. The Intermunicipal Community of the Leiria Region (CIMRL) is a non-profit association made up of 10 municipalities (Alvaiázere, Ansião, Batalha, Castanheira de Pêra, Figueiró dos Vinhos, Leiria, Marinha Grande, Pedrógão Grande, Pombal and Porto de Mós). Its main goal is to promote the integrated and sustainable development of projects and activities of common interest to the municipalities, helping to increase competitiveness, cohesion and economies of scale in the Leiria Region.

Lisbon, February 19, 2024 - Portugal Ventures, the Venture Capital Company of the Banco Português de Fomento Group, is pleased to announce the integration of Ivity Brand Corp into the Corporate Partner Network. Portugal Ventures created the Corporate Partner Network at the end of 2019 to establish partnerships with leading national companies and create synergies in the development of new products and business opportunities, thus continuing to foster technological innovation at the service of companies and society. The partnership with Ivity Brand Corp, a national benchmark in the creation of iconic brands over the last 39 years such as Multibanco, GALP, TAP, SONAE, Outsystems, DELTA, FIDELIDADE, and many others, will: Enable the creation of new technological solutions for Ivity's area of activity, taking advantage of the technical know-how of the startups in Portugal Ventures' portfolio; Provide branding and communication support to the portfolio; Providing Portugal Ventures' portfolio with knowledge to boost the competitiveness of startups in the markets where they develop their businesses. For Teresa Fiúza, Vice President of Portugal Ventures, "By integrating Ivity Brand Corp into our Corporate Partner Network, Portugal Ventures is once again fulfilling its objective, providing its portfolio with direct contact with one of the country's leading branding companies, which, due to its history and expertise, will provide knowledge and help to interpret the brand concept as a fundamental element in the development of its businesses." She added: "Partnerships through this Network are a win-win, allowing new business opportunities to be leveraged and positive results for all parties involved." For Carlos Coelho, President of Ivity, "this integration of Ivity into Portugal Ventures' Corporate Partners Network is very exciting, as it allows us to bring all our experience in creating brands to the ambition of the entrepreneurs who found startups, helping to generate value from the materialization of their ideas. Ivity stands out for its ability to create brands with longevity and sustainability, the result of an appropriate strategic formulation, which intersects with the business strategy of Portuguese companies that aspire to grow in the global market."

Lisbon, 1 February 2024 - Portugal Ventures, the venture capital company that is part of the Banco Português de Fomento group, in partnership with Turismo de Portugal and NEST - Centro de Inovação do Turismo, is launching the second edition of the new Call FIT - Fostering Innovation in Tourism, which was reformulated in 2022 and aims to invest in projects in the tourism sector in the pre-seed phase. Applications are open until 14 April. With Call FIT, Portugal Ventures will invest 150,000 euros per project and the following are eligible: Non-technological projects, which present differentiating concepts for the country's tourism offer, which contribute to enriching the tourist experience and strengthening Portugal's competitiveness as a tourist destination; Technological projects that present solutions to improve the efficiency of companies in the tourism sector and their range of products and services. Applications are made exclusively through Portugal Ventures' Ignition Partner Network, which has more than 120 organisations covering the whole of Portugal and is made up of incubators, accelerators, universities, technology hubs/clusters, associations and municipalities. Projects that are not incubated/accompanied by the Ignition Partner Network should contact one of the organisations for an assessment of the project and the possibility of submitting an application through the partner. From its initial format to its reformulation in 2022, Call FIT has invested a total of 730,000 euros in 5 startups. Today we are announcing the latest investment made through this initiative, YonWine. Yon Wine, led by João Pedro Duarte and Vítor Esteves, aims to be a complement to the wine tourism experience for tourists and producers. How? The YonWine app offers visitors (mostly foreigners) a solution for buying the wines experienced during their visit, bypassing the typical bureaucracy of shipping them to their country of origin and presenting a transparent final price for users with no surprises at the end of the purchase. At the same time, it simplifies all the front- and back-office work for the producer, allowing them more time to focus on the customer, helping them to reduce the number of lost sales and increase revenue by extending the customer's lifetime value. For Pedro Mello Breyner, Executive Director of Portugal Ventures, "The FIT Call is essential for continuing to foster business growth in the tourism sector, so that these projects, which are at this early stage, can have the financial capacity to develop the product and outline a sustained growth strategy with the support of the Portugal Ventures team." He added: "Applications through our Ignition Partner Network will be an asset in selecting projects that are ready for venture capital investment." Carlos Abade, President of Turismo de Portugal, emphasises that "It is essential to promote innovation in the tourism sector and make this innovation one of the essential pillars of growth, so that the sector can continue to be a catalyst in creating value for the national economy. Innovation can make a decisive contribution to adding greater value to tourism, and it is also essential if we are to be at the forefront of the sector's development and shape the future of tourism." On 21 February, Portugal Ventures will hold a webinar, open to the entire community, to present the eligibility conditions and application process, with the possibility for participants to ask questions. Registration here.

Lisbon, 22nd January 2024 - Portugal Ventures, the Venture Capital Company of the Banco Português de Fomento Group, is proud to announce an investment of 5.5 million euros in 14 startups located in the Autonomous Regions of the Azores and Madeira. The startups invested in the Autonomous Region of the Azores come from the Call Açores initiative, the first edition of which was launched in September 2021 and the second in January 2022. Its aim was to promote access to venture capital funding for innovative projects based and/or operating in the region, in sectors considered to be of interest for the development of entrepreneurship in the Azores, with the potential to become global and which contribute to positioning Portugal as a technologically advanced, globally competitive and attractive centre for international investors. Portugal Ventures has invested 4.9 million euros in 11 startups - Algicel, Bam&Boo, Gazelle Wind Power, Hydrotwin, Ignae, Mission To Escape, Oh!Mysnacks, Our Support, Sparkyway and Tree Flower Solutions. In July 2022, the first investment in the region was announced - Wizardsardine (Revault). The investments in the Autonomous Region of Madeira are the result of the Call Madeira initiative, launched in February 2022, in partnership with the IDE (Institute for Business Development) and the Government of Madeira, with the aim of attracting startups based and/or operating in the region and with the capacity to: promote exports, the image as a destination linked to nature and environmental sustainability, and to promote entrepreneurship in Madeira. The startups invested in were FootAR (announced in October 2022), Floating Particle and Plutospetfood (announced in July 2023), totalling 690,000 euros of investment. Pedro de Mello Breyner, Executive Director of Portugal Ventures, emphasises that "Portugal Ventures is proud of the results achieved with the Atlantic Venture Capital Fund, in partnership with August One, which has made it possible to boost investment in Madeira and the Azores and contribute to economic growth by leveraging entrepreneurship in the regions." He added: "These 14 investments will make Madeira and the Azores a benchmark for investment, encouraging the development of new technological hubs and boosting the creation of businesses centred on the regions' natural potential." José Maia, Investment Lead at August One, said: "The Atlantic Venture Capital Fund is a challenge for August One and Portugal Ventures to attract investment, talent and create opportunities in the outermost regions of the European Union. We have achieved these objectives, resulting in the financing and investment of venture capital in much larger amounts than previous comparable funds. The prospecting and attraction of promising projects and teams, the scrutiny, preparation and monitoring given to these investments now give us the prospect of realising their value as early as 2024. It will be a demanding year for our sector, in which the ability to navigate our investments in a volatile international context will definitely be a success factor. " The operations were carried out by Portugal Ventures, through the Atlantic Venture Capital Fund - with financial support from the Capital and Quasi-Capital Fund (FC&QC) managed by Banco Português de Fomento, in partnership with August One - a venture capital company based in Singapore, with the aim of strengthening the entrepreneurial capacity of companies operating in the Autonomous Regions of Madeira and the Azores, with a view to developing a muscular and globally competitive innovation ecosystem. Investments from Call Açores:  Algicel - Algicel is a biotechnology company founded in 2007 in São Miguel, in the Azores, and has patents as a result of its R&D projects for the cultivation of microalgae, from which powerful and highly valued ingredients are extracted for supplements and human health. It aims to publicise globally the health benefits extracted from the nature of the Azores, producing the most powerful antioxidants for human consumption, of natural origin. Algicel works closely with the University of the Azores to pursue Research & Development projects in search of new advances. Bam&Boo - Bam&Boo is a Portuguese clean beauty brand "made in" the Azores. They create unique natural beauty products with a strong scientific basis using ingredients from the Azores, which take personal care to a sustainable level, meeting the needs of families and the planet. Present in 60+ countries via e-commerce and distribution partners, they offer a variety of 100% natural, sustainable, vegan and innovative products for facial, body, hair and oral care. Gazelle Wind Power - Gazelle aims to be the lowest cost LCOE (Levelised cost of electricity) solution for the next generation of FLOW (Floating Offshore Platforms). With local content using shipbuilding and modular assembly, with low draught and high stability for existing harbours, with easy sea towing and installation. Gazelle aims to do this with minimal environmental impact on the world and the oceans. HydroTWIN –  HydroTWIN - Smart Acoustic Solutions is a spin-off of blueOASIS, created in May 2023, and is based in the Azores. The company specialises in real-time underwater noise monitoring solutions. The solutions developed integrate Industry 4.0 technologies such as artificial intelligence, IoT and numerical modelling to identify multiple sources of underwater noise. This technology has applications in promoting ocean sustainability, environmental impact assessment and maritime security and defence. The company has a multidisciplinary team ready to respond to the most demanding and promising challenges. Ignae - Ignae is a skincare line based on the exceptionality of ingredients from the Azores, having put the archipelago on the global cosmetics map since 2017 due to some of its clients being world personalities, such as Kim Kardashian, Bella Hadid, Christy Turlington, and Sienna Miller. It was the first cosmetics brand in the Azores and continues to be a pioneer in the use of effective ingredients, boosted using the most advanced biotechnology, such as the EPC Factor, a delivery mechanism for cosmetic actives that protects them from oxidation, increasing their effectiveness. Having already won several awards (Portugal, USA and UK), Ignae represents the best of biotechnology combined with cosmetics and the unrivalled quality of ingredients from the Azores, using a research and development platform that is unique in Portugal. Mission [...]

Lisbon, 18 December 2023 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, relaunched its PV Awards initiative in 2022, aimed at recognising the startups in its portfolio that stood out in that year. In 2023 we continued the initiative by presenting a total of 11 awards, including a prize that holds special significance. The PV Awards, relaunched in 2022 as part of Portugal Ventures’ 10th anniversary celebrations, is an initiative that is highly esteemed by our portfolio, with the awards being presented during the PV Founders Get Together event. This annual event, held in December, brings together the CEOs of portfolio companies and our team for a singular moment of celebration. The nominees were selected by Portugal Ventures’ business areas based on the evaluation criteria for each award. To determine the winners, Portugal Ventures enlisted the help of several people dedicated to promoting and strengthening the Portuguese entrepreneurial ecosystem: António Grilo, Agência Nacional de Inovação Luis Guerreiro, IAPMEI Filipe Costa, AICEP Carlos Abade, Turismo de Portugal Manuel Caldeira Cabral, Startup Portugal Conceição Zagalo, GRACE Cristina Campos, Investor Marcelo Lebre, Remote Isabel Neves, Investor Vanda Jesus, iCapital. “Recognising the work carried out by the companies we back is extremely important, as it shows that we continue to believe in their businesses, and encourages the other portfolio startups to achieve their goals,” says Rui Ferreira, CEO of Portugal Ventures. He adds, “For the Portugal Ventures team, the PV Awards are also a way of thanking them for choosing us as an investment partner. One that is there for them in good times and bad, and wholeheartedly believes in their success. We are proud of the work carried out by the startups in our portfolio, which have overcome key challenges for their growth, and which will undoubtedly achieve their goals and continue efforts to take their businesses global.” Digital Startup & Technology Award 2023: recognises the company in the Digital and Technology portfolio that has shown exceptional performance in critical areas for its development, such as penetration into international markets and potential access to international capital. Nominees: Aptoide, Didimo, Leadzai, Mediaprobe, miio Winner: Didimo Startup Industry & Technology Award 2023: recognises the company in the Industry and Technology portfolio that, in the last year, has shown exceptional performance in the critical areas for its development. Nominees: Addvolt, Eneida, Graphenest Winner: AddVolt Health Technology Startup Award 2023: recognises the company in the HealthTech portfolio that has stood out in the last year for its global market positioning and growth, taking into account its product, internal competences, progress towards the market, and ability to attract partners and investors. Nominees: CellmAbs, C-mo Medical Solutions, PeekMed, TargTex Winner: CellmAbs Startup Tourism Award 2023: recognises the company in the Tourism portfolio that has distinguished itself in a strategic sector of our economy, contributing to the enhancement of the national offer and showing a high potential for expanding its business. Nominees: Doinn, HiJiffy, Merytu, Oliófora, Wotels Hub Winner: Merytu Startup New Business Award 2023:  recognises the company in the New Business portfolio that has distinguished itself through pre-seed investment. Nominees: Bam&Boo, FastCompChem, Nu-Rise, Plutos, Rubynanomed Winner: Rubynanomed Exit Award 2023: recognises the portfolio company in which there has been a divestment and that stands out for its exit multiple. Winner: Spinach Tours Revelation Startup Award 2023: recognises the company that distinguished itself in the portfolio of each business unit in 2023. Nominees: CellmAbs, Hoopers, kendir Studios, Oliófora, Watgrid Winner: CellmAbs PV Alumni Award: recognises a former startup from Portugal Ventures’ portfolio that is considered to be an example of good practice. Nominees: ByFoods, Doppio, Eptune Engineering, Perceive3D, Spinach Tours Winner: ByFoods Entrepreneur Award 2023: recognises the CEO in Portugal Ventures’ portfolio who stood out in 2023 for their leadership. Nominees: João Aroso, leadzai; José Ruivo, Noocity; Maria João Maia, Corium Biotech; Nuno Constantino, Wotels Hub; Nuno Prego Ramos, CellmAbs Winner: Maria João Maia, Corium Biotech Sustainability Award 2023: recognises the company in the portfolio that has contributed most to sustainability. Nominees: miio, Noocity, PeekMed, Sciven, Wotels Hub Winner: Noocity Resilience Award 2023: recognises the portfolio company that distinguished itself in 2023 in overcoming various barriers. Nominees: Ablute, Beamian, Didimo, LUGGit and Stemmaters Winner: LUGGit We also presented the Budding Entrepreneur Award, in partnership with our Ignition Partner, Territórios Criativos, inviting a group of students from the D. Dinis de Quarteira school grouping to present entrepreneurship projects, thus fostering innovation as a social driver. The founders voted for the best idea and presented the Budding Entrepreneur Award to the winning idea. All students who took part in developing the ideas were also presented with a prize for embracing the challenge of presenting their ideas to the founders in our portfolio.

Lisbon, 14 December 2023 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, is proud to announce the divestment of Spinach Tours and Watgrid to two international groups in the tourism and wine industries. Pedro de Mello Breyner, Executive Board Member of Portugal Ventures, says “with these two exits, Portugal Ventures has fulfilled its role as a public venture capital investor at the earliest stages of the projects, becoming a shareholder in the companies, sharing the risk with the founders, contributing to the growth of their businesses, helping to increase their value, and creating the conditions for them to achieve goals that entice other operators or companies to invest in the projects and lead them to consolidate their international growth. The investments made in Spinach Tours and Watgrid are excellent examples of the way Portugal Ventures engaged with their teams, in particular with CEOs João Paiva Mendes and Rogério Nogueira. We are proud of their success and of the acquisition [of these two startups] by two international groups that will allow them to continue to grow their businesses, enter new markets, and leverage the know-how of the two teams. We wish Spinach Tours and Watgrid every success in this new chapter!” Divestment in Spinach Tours Spinach Tours, led by João Paiva Mendes, joined Portugal Ventures’ tourism portfolio in July 2022, through the Call Turismo initiative. One year later, we announce our divestment following acquisition of the startup by an international group in the tour operator industry. This acquisition will allow the international group to consolidate its business by using Spinach Tours’ software and tapping into the experiences its products offer. Spinach Tours’ current product will be maintained, as will the structure of its team, allowing it to open the door to internationalisation and to continue developing its tourism experiences worldwide. João Paiva Mendes, CEO of Spinach Tours, says that “Portugal Ventures’ backing of Spinach Tours’ was decisive for the brand’s international growth, and for the development of Spinach’s technology and experience. It is with great enthusiasm and responsibility that we welcome the new shareholders to Spinach. We believe that they are the best company to expand our brand and enhance tourism experiences in Portugal. Portugal Ventures’ early exit fills us with pride and reinforces Portugal’s position as a technological benchmark at global level. Portugal Ventures has thus accomplished the rapid acceleration of a Portuguese startup into the world in an industry where few companies are truly able to have a global dimension. We are eternally grateful.” Divestment in Watgrid Watgrid, led by Rogério Nogueira, joined the Portugal Ventures portfolio through the Operation Follow-ons initiative to mitigate COVID-19 in July 2021, and today we announce its acquisition by Enartis, an Italian multinational part of the Esseco Group in the alcoholic beverages sector with a global presence in more than 50 countries. With this exit, Watgrid gains access to Enartis’ vast experience and global reach, which will benefit from Watgrid’s innovative technology, further solidifying its leadership position in offering solutions that increase the quality and efficiency of winery production processes. Rogério Nogueira, CEO of Watgrid, stated that “the partnership with Portugal Ventures has been strategic for Watgrid’s growth and development, allowing us to expand our operations and develop new products. The acquisition by Enartis will enable us to offer the innovative WINEGRID technology to more wineries around the world, and to strengthen our solutions portfolio by harnessing Enartis’ experience and know-how.

Lisbon, 4 December 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, in partnership with ANI - National Innovation Agency, and in collaboration with Startup Portugal, launched the 4th Edition of Call INNOV-ID on 13 October, which closed on 22 November. A total of 85 applications were received in this latest edition via the Portugal Ventures Ignition Partner Network. In the four editions of Call INNOV-ID, Portugal Ventures has received a total of 398 applications through its Ignition Partner Network. This network, created in 2012, is made up of 127 organisations from across the country, including the islands, boasting incubators and accelerators, universities, technology hubs, associations, and city and town councils. It is an important and catalyst network for selecting projects with investment potential, and is responsible for submitting applications to the Call INNOV-ID initiative. Some of its more active partners, who together account for 176 applications out of the 398 received thus far, are worthy or note: Instituto Pedro Nunes, Startup Braga, PCI Aveiro, UPTEC, Startup Lisboa, and Lispolis. Other organisations that have submitted applications to Call INNOV-ID include ADRAL, AIP, Amadora Innovation, ANJR, Atlântico Business School, Atlântico Summit, Associação Vale do Xisto, Astrolábio, Audax, Beta-i, BGI – Building Global Innovators, Build up Labs, Business Incubator Aveiro, CATAA/CEI, Circklo, the Fundão City Council, CTCV, DNA Cascais, Fábrica de Startups, Fintech House, Finy Ventures, Founders Founders, Health Cluster Portugal, Hub Azambuja, i3S, Instituto Empresarial do Tâmega, IDD, Impact Hub, INESC TEC, Inovagaia, Instituto Politécnico de Bragança, Instituto Politécnico de Leiria, Instituto Politécnico de Portalegre, IPPorto, Instituto Superior Técnico, Junitec, Madan Parque, Nersant, Nonagon, Nova SBE, Novotecna, Obitec, Open, PACT, Sanjotec, Set.up Guimarães, Startup Leiria, startup Lourinhã, Startup Madeira, Startup Sintra, TagusPark, Teclabs, TecMinho, Territórios Criativos, Terrinov, Torres INNOV-E, Unlimit Ventures, Universidade da Beira Interior, Union Venture Builders, Universidade do Algarve, Universidade de Aveiro, Universidade Nova de Lisboa, and UTAD. Rui Ferreira, CEO of Portugal Ventures, states that “since 2012, Portugal Ventures’ Ignition Partner Network has been a key vehicle for identifying and validating eligible projects for our investment calls, which demonstrates the vital role it plays in supporting the national entrepreneurial ecosystem. We take this moment to express our gratitude and enormous sense of pride in having these 127 partners in the field who, with recognised professionalism and commitment, have helped Portugal Ventures identify projects and teams with investment potential. Call INNOV-ID and the uniqueness of applications submitted via this network is the perfect example of a fruitful partnership model that reflects the results of the exceptional work that these organisations do in their communities, promoting the development of local companies with global ambition that generate innovation and qualified employment. My heartfelt thanks to everyone involved!” According to António Grilo, President of the National Innovation Agency, “the support and involvement of the Ignition Partner Network, made up of Portuguese and international entities from the science and technology-based entrepreneurial ecosystem, has been vital to the success of Call INNOV-ID. This network of successful collaborative partnerships, of which ANI and Portugal Ventures are a part, is a key element in the development of a more modern, competitive and open economy, based on scientific knowledge, innovation and highly-qualified human capital.” The forth edition of Call INNOV-ID is the result of the joint efforts of Portugal Ventures and the National Innovation Agency, the initiative’s previous success, and the ecosystem’s continued demand for a response to the market failure identified in access to investment in pre-seed stage startups. Six new investments have been made as a result of the previous editions of Call INNOV-ID, totalling, to date, 61 investments in the amount of €6.1 million. expressTec – expressTec is a biotechnology startup founded by two researchers and a spin-off from the University of the Algarve. Winner of the BfK Ideas competition in 2020, promoted by ANI, its aims to provide easy and fast access to personalised cancer treatments. To this end, it has developed RNA-based diagnostic tests to revolutionise clinical testing, selecting patients with greater precision and efficiency for targeted therapies. Its innovative approach will help optimise treatment outcomes, reduce side effects, and improve quality of life for cancer patients. expressTec’s mission is to transform cancer care through cutting-edge technology and a commitment to patient-centred solutions. KeepIt - KeepIt will place an energy storage technology on the market and thus contribute to a successful energy transition. This technology, which can potentially be used in different market segments, from home solar systems in developing countries to grid support in developed countries, will make an important contribution to harmonising production and consumption in a world that runs on electricity produced entirely from renewable sources. KeepIt is a spin-off from the Faculty of Sciences of the University of Lisbon, stemming from the doctoral work in which its founding partners were involved. Scubic - SCUBIC was established in August 2017 in Aveiro with the mission of developing business intelligence platforms to help water and sanitation companies in the day-to-day management of their operations. The SCUBIC intelligent platform, which won a BfK Award in 2018, integrates network data in real time and analyses it using artificial intelligence techniques to autonomously make decisions and dynamically control equipment. This allows users to assess the impact of thousands of scenarios and continually search for the most efficient strategy to guarantee water supply, optimise processes, reduce energy consumption and CO2 emissions, and increase network security. Spaceo - Spaceo focuses on solutions to keep space clean and on the removal of satellites after the end of their operational life. It is currently developing an inflatable device to generate drag, designed to significantly speed up the de-orbiting of satellites, thus making the cleaning of space junk up to 10 times faster. Based on its experience, the startup also provides engineering services to the European Space Agency in various technological areas, harnessing its team’s core capabilities and cutting-edge technology. Terrafarmers - Terrafarmers is an innovative company in the field of ecological restoration, specialising in drone technologies [...]

Lisbon, 13 October 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, in partnership with ANI - Agência Nacional de Inovação and with the collaboration of Startup Portugal, is launching the 4th edition of Call INNOV-ID. Submissions run until 22 November. Portugal Ventures aims to invest in 10 projects. This new edition of Call INNOV-ID is the result of its previous success and the ecosystem’s continued demand for a response to the market failure identified in access to investment in pre-seed stage startups. With this in mind, Portugal Ventures and Agência Nacional de Inovação have joined forces to launch another edition of Call INNOV-ID , thus continuing to provide startups with the financial means to continue developing their projects. Projects submitting applications to Call INNOV-ID must contribute to one of the following: decarbonisation of the economy; process, product and material sustainability; energy efficiency and sustainability; circular economy. The following projects are eligible under Call INNOV-ID: Projects in the pre-seed, seed or early stage; Unincorporated companies or companies incorporated less than 8 years prior, with registered office in mainland Portugal or the islands, and with developed technology but which are in the prototype, proof-of-concept or product-market-fit validation phase; Projects stemming from scientific, technological or academic research and development at higher education institutions, technology and innovation centres, collaborative laboratories or similar institutions in order to enhance the transfer of knowledge to companies and transformation into innovation; Projects that are promoted by or employ highly qualified human resources. As in the previous editions, applications must be submitted exclusively through one of the entities that are part of Portugal Ventures’ Ignition Partners Network (rather than by the founders themselves). Since its launch in 2020, in response to a challenge set by the Ministry of the Economy aimed at mitigating the effects of the pandemic on the market, the previous three editions of Call INNOV-ID have seen 313 applicationssubmitted and 55 investments made, totalling €5.5 million invested.

Lisbon, 25 September 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, is pleased to announce a new addition to its Corporate Partners Network: Casa Mendes Gonçalves, established in 1982 and based in Golegã, dedicated to the production of vinegars, sauces and seasonings, and one of the most sought-after food commodity producers by leading retail brands. By joining our Corporate Partners Network, Casa Mendes Gonçalves will be able to work the startups in our portfolio in order to leverage innovation, research and the development of new products and/or other production methods/automation, taking advantage of beta-testing, proof of concept and the promotion of marketing networks and investment opportunities. Teresa Fiúza, Vice-President of Portugal Ventures, says that “Casa Mendes Gonçalves, a company/industry that embodies entrepreneurship, is now part of our Corporate Partners Network and thus has a new tool to continue innovating its products and business. We have a very diversified portfolio that includes a myriad of sectors, which we hope will create more value for the Casa Mendes Gonçalves industry, not only in terms of the focus of its activity, but also in terms of its ability to improve the efficiency of its industrial processes.” Carlos Gonçalves, CEO of Casa Mendes Gonçalves, says that it is important to be a part of the Portugal Ventures Corporate Partners network because “it helps us fulfil our purpose of continuing to work tomorrow’s food, together, and helping to develop innovative companies, entrepreneurs and ideas, with the same focus. For us, life is about partnership with a view to sustainability, which Sustainable Development Goal 17 expresses well. Accordingly, we combine the know-how we have acquired over 41 years with the capability, passion and knowledge of the creators and founders of startups, the mutual benefits of which are obvious, growing and developing together.”

Lisbon 18 September 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, has just added another 7 startups to its portfolio, Azulfy, Generosa, INEYE Pharma, Stonify, TimeUp, Twevo and Unlockit, through the Call INNOV-ID initiative, launched in 2020 in partnership with  Agência Nacional de Inovação [ANI - National innovation Agency]. Portugal Ventures and the National Innovation Agency will be hosting the event "Call INNOV-ID: Investing in the Future", which will take place on 13 October at the Lispolis Technology Forum, to share the outcome of the three editions of Call INNOV-ID. The event will be attended by the Minister for the Economy and the Sea, António Costa Silva , and the Minister for Science, Technology and Higher Education, Elvira Fortunato. Programme and registration here. According to António Grilo, President of the National Innovation Agency, “the excellent results obtained in the three editions of Call INNOV-ID, to be shared at this joint event and which will bring together the 55 startups invested in, strengthens our belief that Portugal produces world-class scientific and technological knowledge and innovation, capable of reaching the market. "It is ANI's mission to continue to invest in initiatives and instruments that support the transfer of world-class scientific and technological knowledge and innovation, through successful collaborative partnerships that accelerate and spread innovation across Portugal, such as this initiative between ANI and Portugal Ventures," points out António Grilo.  Rui Ferreira, CEO of Portugal Ventures, says "Portugal Ventures is proud of the results thus far under Call INNOV-ID, most notably the significant impact it will have on the future of the 55 startups invested in. The event "Call INNOV-ID: Investing in the Future" will mark an important milestone in the chronicle of this initiative, which will showcase the joint efforts of our team, ANI and the ignition partners who played a vital role in generating qualified investment deal flow, resulting in over 300 applications submitted in the three editions." New Investments: Azulfy – provides local councils with a pollution event management platform that monitors water, land and air pollution in their respective territories on a daily basis. This SaaS uses images from earth-orbiting satellites, drones and local video cameras. Generosa – set to revolutionise the way we look after plants in our homes with its innovative "Generosa" product line, based on circular economy principles, using co-products from bio-industries and reusable materials. Its products make it easier to look after plants and help people to keep them alive for longer, thus contributing to their well-being while living a more sustainable lifestyle. INEYE Pharma – focuses on the treatment of eye diseases. The startup was founded in 2017 by two researchers from the University of Coimbra, with the aim of transferring to the market the technology developed during the PhD studies of one of the co-founders. The technology, already patented in the US and other countries, enables controlled drug delivery into the eye over several months, avoiding the use of drops, thus improving patient adherence to treatment and the effectiveness of the medication. Stonify – a digital platform for professionals in the natural stone industry which collates all the information on production and marketing processes by capturing finished products in digital format, allowing users to optimise processes and exploit new markets efficiently, guaranteeing traceability and measuring the sustainability of their products. TIMEUP – a spin-off developed within the University of Coimbra (UC) and created in 2023 by five researchers in the fields of microbiology and biomaterials, from the UC research centres – CNC-UC, CEF and CIEPQPF –, with the collaboration of a researcher from the Polytechnic Institute of Coimbra, who, since 2018, have been developing an innovative diagnostic device capable of monitoring patients' urine over the course of several weeks. The company already has a working laboratory-tested prototype that detects the bacteria responsible for more than 80% of urinary infections, which in 2024 will be optimised to monitor more pathogens. TWEVO – a technology company that provides AI-driven video solutions, where ‘smart eyes’ complement and expand human supervision and control of industrial processes on the factory floor. These solutions will help industry to increase productivity and sustainability, preventing the waste of raw materials and energy losses caused by unnecessary breakdowns and improving the 5 D’s (Dull, Dirty, Dangerous, Difficult and Dear) of industrial working conditions. Unlockit – a Web3 PropTech & GovTech company that is revolutionising the real estate market by making real estate transactions more open, secure and transparent, ensuring compliance with the latest EU laws – the eSignature Regulation, the Anti-Money Laundering Act 2018, and the General Data Protection Regulation. Call INNOV-ID is the product of an initiative launched in 2020 by Portugal Ventures, in partnership with the National Innovation Agency, in response to a challenge set by the Ministry of Economy aimed at mitigating the effects that the pandemic has had on the market, thereby stimulating activity and enabling our ignition partners to bring projects to market at a very early stage. The goal of the initiative is to address a market failure in access to investment in the pre-seed stage of startups with already developed technology, but which were in the prototype, proof-of-concept or product-market-fit validation phase. The three editions have seen Portugal Ventures invest a total of €5.5 million in 55 startups to date. Another 10 investments are in the pipeline under this initiative.

We returned to the road for more sessions of the PV on the Road program, presenting our activity and investment initiatives. Find out where, when, and how you can be present in the information below. ÉVORA {{ vc_btn: title=Registrations&style=flat&shape=round&color=green&align=center&link=url%3Ahttps%253A%252F%252Fwww.eventbrite.pt%252Fe%252Fbilhetes-pv-on-the-road-anje-evora-712856371597%253Faff%253Doddtdtcreator }} COVILHÃ {{ vc_btn: title=Registrations&style=flat&shape=round&color=green&align=center&link=url%3Ahttps%253A%252F%252Fwww.eventbrite.pt%252Fe%252Fbilhetes-pv-on-the-road-universidade-da-beira-interior-ubi-712858949307%253Faff%253Doddtdtcreator }} BARREIRO {{ vc_btn: title=Registrations&style=flat&shape=round&color=green&align=center&link=url%3Ahttps%253A%252F%252Fwww.eventbrite.pt%252Fe%252Fbilhetes-pv-on-the-road-startup-barreiro-712859902157%253Faff%253Doddtdtcreator }} COIMBRA {{ vc_btn: title=Registrations&style=flat&shape=round&color=green&align=center&link=url%3Ahttps%253A%252F%252Fwww.eventbrite.pt%252Fe%252Fbilhetes-pv-on-the-road-coimbra-712860513987%253Faff%253Doddtdtcreator }} LISBON {{ vc_btn: title=Registrations&style=flat&shape=round&color=green&align=center&link=url%3Ahttps%253A%252F%252Fwww.eventbrite.pt%252Fe%252Fbilhetes-pv-on-the-road-lispolis-712861406657%253Faff%253Doddtdtcreator }}

Lisbon, 4 July 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Banco Português de Fomento, announces investment in two Madeira-based startups – Floating Particle and Plutospetfood, totalling €490,000. These two investments are the result of the Call Madeira initiative, launched in February 2022 in partnership with the IDE (Business Development Institute) and the Madeira Government, aimed at attracting deal flow for the Atlântico Venture Capital Fund with startups with registered office and/or business activity in the region capable of promoting exports, the archipelago as a destination linked to nature and environmental sustainability, and entrepreneurship in Madeira. Through the Atlântico Venture Capital Fund, Portugal Ventures invests in partnership with August One, a Singapore-based venture capital firm. Thus far, Portugal Ventures has invested in three startups under Call Madeira – FootAR (announced in October 2022), Floating Particle and Plutospetfood, investing a total of €690,000in the economy of the Autonomous Region of Madeira. Pedro Mello Breyner, Executive Director of Portugal Ventures, says “the investment in Floating Particle and Plutospetfood embodies our and the Government of Madeira, IDE, and our partner in the Atlântico Fund August One’s steadfast commitment to strengthening the entrepreneurial ecosystem in Madeira, leveraging the growth of new businesses in the region and its proven ability to embrace entrepreneurs and qualified talent. Portugal Ventures believes in the potential of the Floating Particle and Plutospetfood teams, who will work very closely with our team to continue to drive the growth of their businesses, and put Madeira on the global stage.” Duarte Freitas, CEO of IDE, said “Call Madeira was an innovative initiative that enabled projects in key areas for the Autonomous Region of Madeira, from digital to technology and industry. The financing of these projects, with EU ERDF support under the Operational Programme Madeira 2014-2020, has helped boost the region’s image as a highly innovative, competitive and attractive hub for foreign investment, and the region's entrepreneurial ecosystem." José Maia, Investment Lead at August One, points out that “these investments are the result of our constant attention to emerging energy transition needs and opportunities and the identification of trends in the fast-moving consumer goods industry. The teams at Floating Particle and Plutospetfood, who we are supporting with these investments, have proven that they are capable of competing in global markets and are ideal for opening the Atlântico VCF up to these sectors. Specifically with regard to the investment in Floating Particle, we also reaffirm our commitment to driving positive change in the world, seeking to create solid and promising financial returns on our investments.” FloFloating Particle, led by Luís Duarte Silva and Diogo Soares, offers an innovative solution for waste management and clean energy generation. Its flagship product, STELLA, uses state-of-the-art gasification technology to produce green hydrogen from urban solid waste, revolutionising current waste management processes and reducing their environmental impact. With groundbreaking solutions, Floating Particle uses AI, IoT, big data and machine learning to efficiently solve everyday problems and add value to partners, benefiting several industries and public and private entities. Floating Particle will use the investment to reinforce its technical team for the production of machines. Plutospetfood, led by José Araújo Correia, is a leading manufacturer of high-quality dog treats dedicated to the well-being and happiness of our furry friends. Founded in 2015 and exporting to 34 countries on four continents, its mission is to create delicious and nutritious treats that dogs love, while ensuring their health and safety. All products are made using premium ingredients and following strict quality standards. Portugal Ventures' investment will enable the company to acquire assets to increase production. Both investments were made through the Atlântico Venture Capital Fund, co-financed by the Equity and Quasi-Equity Fund (FC&QC) managed by Banco Português de Fomento, in partnership with August One, to strengthen the business capabilities of companies operating in the Autonomous Region of Madeira and the Azores, with a view to building a robust innovation and internationally competitive ecosystem.

Lisbon, 21 June 2023 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, is pleased to announce its investment in two companies - MyCareForce and De Risk International, in the total amount of €1.7 million, to help them take their businesses global. Teresa Fiúza, Vice President of Portugal Ventures, says "we are very proud to announce the addition of MyCareForce and De Risk International to our portfolio, the first two investments that set an example in the need for a clear response to a market failure – investing in/financing companies looking to expand to new markets and/or establish their business and enter the European market from Portugal. MyCareForce and De Risk International will work very closely with our team to continue to create the conditions to enhance the value and profitability of their business across borders.” MyCareForce, led by Pedro Cruz Morais and João Hugo Silva, is a platform that connects healthcare professionals to available shifts, optimising the recruitment process from sourcing to payment.  Health units face difficulties in hiring and retaining staff, while the latter have difficulty in finding opportunities that meet their needs. Traditional hiring methods are no longer adequate and so MyCareforce has designed a solution to solve this problem. MyCareForce will use this investment to begin its expansion to the Brazilian market. Shilling, Demium and Humberto Ayres Pereira, an angel investor and part of the Accel Starter programme co-invested in the operation. De Risk International, a South African-originated company led by lawyer Marc Johnstone, specialises in rewards risk coverage solutions and platforms within the consumer marketing, promotion and loyalty programmes industry, delivering effective programmes and campaigns tailored to the requirements of each client. With more than 20 years of experience and a fully solution-based approach focused on achieving its clients' goals and objectives, De Risk is not only a leading provider, but also a key partner for its clients and business partners. The investment from Portugal Ventures was used to establish a company in Portugal, the starting point for entry into the European market and replicating the successful business model from South Africa. Headquartered out of Portugal, with business development offices in South Africa, the Netherlands and Argentina, and representing some of the world’s biggest brands, De Risk International enables a global marketing solution for its clients. To address the market failure identified, in March Portugal Ventures launched the first edition of Call Expand, aimed at investing in innovative projects developed by tech companies in the expansion phase. Submissions closed on 31 May. Thirty-seven applications were received with an investment potential of €34.5 million.

Lisbon, 27 March 2023 - As part of a set of government measures in the midst of the pandemic, Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, launched, in partnership with Agência Nacional de Inovação, Call INNOV-ID, an initiative aimed at bolstering projects or growing companies at an early stage so that they have sufficient funds and equity available to grow and generate new capital rounds. The financing of €100,000 per project is intended to address a market failure in access to investment for pre-seed startups with a developed technology, but which are in the prototype, proof-of-concept or product-market-fit validation stage. This was the solution found, to date, to help projects and keep them alive, and which has had a positive effect on the national entrepreneurial ecosystem. For António Grilo, President of Agência Nacional de Inovação (ANI), “The positive outcomes achieved with these three editions of Call INNOV-ID proves that we must continue to support world-class science and tech-based knowledge transfer and innovation. We need more and better collaboration between everyone to step up the spread of innovation in Portugal. This partnership between ANI and Portugal Ventures is an excellent example of that. Call INNOV-ID is an effective tool to fill a market gap in the financing of national entrepreneurship, enabling our technologies to be increasingly competitive at international level and to transform society, creating value for the economy.” Rui Ferreira, President of Portugal Ventures, notes that “the challenge posed to Portugal Ventures in 2020 was fully met. Thus far, we have supported 48 projects that needed this ‘push’ to leverage their products and businesses, and we won’t stop here. Call INNOV-ID is a true success story in the entrepreneurial ecosystem. We identified this market failure, once again fulfilling our mission not only by providing financial support, but also sharing the know-how and expertise of our team. We are proud to be at the forefront of this initiative in partnership with ANI, strengthening support to entrepreneurship aligned with the capitalisation of Portuguese companies.” Portugal Ventures is proud to share the outcomes of the three editions of Call INNOV-ID, initially launched in May 2020. The second edition was launched in Coimbra at Instituto Pedro Nunes, with submissions running from 11 April to 20 May 2022. The third edition ran from 21 October 2022 to 15 February 2023, with the launch event taking place at Altice Fórum Braga, with the support of Startup Braga. Outcome of the three editions, to date: Investment As a result of the three editions, and to date, Portugal Ventures has invested in 48 startups, across the following vectors: Digital & Technology: Bandora, Ccrave, Cosmos, GovWise, Kendir Studios, Neroes, Onecare, Pluggable.ai, Stokedge, Spotlite, Tesselo, United Boutiques and Wall-i. Manufacturing & Technology: Ablute, About Acqua Food, Aqvamore, Beeyard, Bioworld, Cell4Food, Corium Biotech, Core Protein, Eptune Engineering, goclever, Flowco/Goma, Hephaesnus, Klugit Energy, Landratech, NeuralSolar, Partner in Cream, S&DG, Scemai, Sciven, Skypowerlines, Swatter, Uzme, Wakaru, We Can Charge and Wysensing. Life Sciences/Health Tech: BestHealth4U, ihCare, FastComChem, Glooma, Insignals Neurotech, Nurise, Risimet, R-nuucell, Rubynanomed and Wisify. Of the 48 investments made, 11 companies have already raised a total of €10.1 million in new investment rounds, and 18 companies have investment rounds underway and are expected to raise a total of €16.4 million. Twenty-two more investments are in the pipeline, to be made by the end of 2023. Today, we are pleased to announce five new investments through Call INNOV-ID: Glooma – based in Braga, Glooma wants to revolutionise breast cancer prevention. With a well-defined mission to increase the percentage of cancers that are detected at an early stage, it created a sensory glove that facilitates the interpretation of results at the time of self-palpation based on machine learning algorithms. Hephaesnus – Hephaesnus is dedicated to increasing efficiency in fighting forest fires in an environmentally sustainable way. With its products, the startup aims to reduce risks, financial expenses and the widespread destruction of forests and the environment affected by the worldwide scourge of forest fires. It has a multicultural and multidisciplinary team, highly skilled in materials engineering, mechanics and chemistry and able to innovate in the various components that make up our technology, which is an advantage in areas beyond its target market. Pluggable.ai – Pluggable has a suite of technology solutions that, using disruptive AI models and multiple non-intrusive smartphone sensors, adds a layer of intelligence to any mobile application, allowing businesses to interact with each of their customers individually and at the best time for them. These solutions easily improve the retention, response and engagement rates of any mobile app. For Pluggable being non-intrusive is mandatory, and its solutions fully guarantee user privacy. Risimet – RISIMET (RIng for SImultaneous Massage and ElectroTherapy) consists of the simultaneous execution of two of the most used techniques in physiotherapy - manual massage and low-frequency electrotherapy.  The combination of these two techniques increases the potential of their individual effectiveness, reducing both the duration of each treatment and the total number of sessions, leading to improved quality and comfort and a reduction in costs for both the professional and users. The innovative and exclusive nature of the RISIMET method and device offers countless opportunities for application in various areas - musculoskeletal, neurology, traumatology, and dermato-functional physiotherapy. Stokedge – Stokedge is an artificial intelligence-based platform that monitors the luxury fashion industry and converts vast amounts of global market data into objective, actionable daily metrics.The platform provides retailers and brands greater transparency and increased liquidity in this market, so that they can improve their efficiency and optimise their portfolio. Among the companies that have already raised investment rounds, of note are the: Nu-Rise seed series, in a €3.25 million co-investment round with GED Ventures Portugal and Yellowstone Holding AG. Spotlite seed series, in a total €1.5 million co-investment round with Indico Capital Partners, EDP Ventures and Shilling. BestHealth4U seed series, in a total €1 million co-investment round with Lince Capital. The Call INNOV-ID portfolio also includes 44 founders with [...]

Lisbon, 20 March 2023 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Banco Português de Fomento is proud to announce the launch of a new initiative specifically for companies preparing to internationalise their businesses. Submissions run until 8 May. In view of developments in the ecosystem and as one of its major drivers, Portugal Ventures is once again responding to a need for funding for companies looking to expand their business internationally. Over the course of its 11 years, Portugal Ventures has thus far responded to all the earlier stages of investment - pre-seed and seed. Now, with Call Expand, it will fill the existing market gap in the ecosystem, to give companies the necessary means to take their business global. Call Expand aims at investing in companies with the potential for high growth, valuation and profitability, which meet the following eligible requirements: tech-based companies, with a developed product and that had a revenue of at least €250,000 in the past twelve months; in all economic sectors, except primary sector enterprises (e.g. agriculture, livestock, fisheries, food processing and other primary sector industries); have a significant presence and operations in Portugal (registered office located in Portugal), with the goal to expand the business internationally. Investment ticket of between €500,000 and €2 million. Teresa Fiúza, Vice President of Portugal Ventures, says “We are delighted to launch this initiative, which will be instrumental in leveraging the potential of technology companies that want to take the next step in growing their business. It is a crucial stage for companies, one that will open doors to new business and international investment opportunities. With Call Expand, Portugal Ventures will also boost Portugal’s presence on the global stage through scalable projects and businesses and highly qualified entrepreneurs, demonstrating once again why Portugal is increasingly a leading technology hub.”

Investment of between €150,000 and €1.5M per company/tourism project. Capitalisation and build up operations. For all sectors related to the tourism industry. Submissions run until 30 April. Lisbon, 6 March 2023 - Portugal Ventures, part of Portuguese promotional bank Grupo Banco Português de Fomento, announces the launch of the 1st edition of Call Turismo +Crescimento, in partnership with Turismo de Portugal and Nest – Tourism Innovation Centre, aimed at investing in tourism projects/companies that boost the competitiveness of the country's tourist offer, enhance the tourist experience in Portugal and/or improve the efficiency of businesses in the sector. The following projects are eligible for Call Turismo +Crescimento: capital injections into companies that promote the growth of tourism, through expansion and internationalisation projects or projects to improve competitiveness and which have already begun to produce/market their products/services; build up operations aimed at mitigating the atomization of the sector, by means of the merger and consolidation of companies, through intervention models that enable, from a venture capital perspective, the aggregation of back-office functions (finance, procurement, human resources management) and the creation of business synergies, albeit with degrees of relevant business autonomy. Projects involved in the 360-degree Tourism Companies Programme and that contribute towards the Sustainable Development Goals (SDGs) offering solutions that encourage the dematerialisation of processes and services, the recycling, reuse and reduction of waste, integrate clean energy, improve energy and water efficiency, and smart mobility solutions, as well as those located in low-density regions, will be given priority. With a total of €10 million in funding, and after assessing all projects, if the funds allocated to this Call have not run out, a new edition of Call Turismo +Crescimento will be held in September. Luis Araújo, President of Turismo de Portugal, says “Portugal Ventures’ Call Turismo +Crescimento is based on the 2027 Tourism Strategy, thus contributing to the development and consolidation of tourism as a driver of the Portuguese economy. It is an important instrument that can help businesses in the sector to generate more value and more employment, expanding tourism activity nationwide and promoting Portugal across the globe as a top tourist destination.” Pedro de Mello Breyner, Executive Director of Portugal Ventures, adds “Call Turismo +Crescimento is vital for the capitalisation of companies in the tourism sector to leverage the expansion, growth and consolidation of businesses. This new Call will enable the cohesive and sustainable growth of companies, encouraging innovation to continue promoting the image of Portugal beyond borders.”

Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, closed 2022 with the following results: 17 new startups added to its portfolio, with a total amount of €8 million invested; 25 follow-on operations amounting to €8 million to strengthen the capital of portfolio companies; a total investment of €18.6 million in 42 companies; 15 co-investment operations totalling €6 million, with its equity partners; 308 deal flow opportunities in the year with a total of €77.6 million requested. Rui Ferreira, Chairman of Portugal Ventures, says “2022 was a very special year for Portugal Ventures with the celebration of its 10th anniversary and being named and recognised by our peers - Investors Portugal - as Early Stage Investor of the year. We are proud of the work we do in the daily monitoring of our portfolio, seeking, together with the founders, to continue imparting knowledge and expertise to help them develop their projects and grow their business. We step into 2023 with confidence, secure in knowing that we will continue our mission to boost the Portuguese entrepreneurial ecosystem." New Investments: Completed and already disclosed investments in 2022 - Relive, Managing the Intelligence, Hoopers, WalliD, Fraudio, Spinach Tours, Revault, miio, FootAR, C-mo Medical Solutions, Pruvo - are complemented by 6 new additions to our portfolio: Cell4Food is kickstarting cell-based agriculture in Portugal aimed at creating a network of businesses that will lead the cell-based protein production market in the next decade. Its mission is to contribute to the democratisation of access to new proteins and fibres for cellular agriculture production. GovWise is a Data Science company driven by professionals with over 30 years of accumulated experience in GovTech, aimed at generating economic and social value for public entities and companies that work with the government, applying artificial intelligence to open data from the public sector. The investment by Portugal Ventures was made in co-investment with Beta Capital. Kendir Studios is an educational games studio that designs and builds trailblazing immersive educational solutions for the education market. The studio’s solutions are unique and innovative, creating engaging scenarios and bringing fun and interaction to the way students and teachers apply knowledge. Considered an R&D institution, their games have attracted interest worldwide. These three investments are the result of Call INNOV-ID and were made through the Portugal Ventures Valor 2 Venture Capital Fund. We will soon disclose the other investments made in the second edition of this initiative. Topo Tents focuses on exploring nature and collecting unique memories and outdoor experiences by renting rooftop tents that can be installed on any car. With its affordable, safe, practical and very comfortable solution, the company encourages a lifestyle in permanent contact with nature and already has a network of TOPO stations in Portugal (Lisbon, Porto, Faro, Chaves and Funchal) and in Maputo, Mozambique, and will soon also be available in Madrid, Bilbao, Valencia and Barcelona. Unlock Boutique Hotels is a hotel management company specialising in small and medium-sized hotels, with between 20 and 120 rooms, with an exclusive character, offering unique experiences to guests with their excellent hospitality and cultural authenticity.The team currently combines more than 40 years of expertise and its portfolio comprises 19 hotels in 11 destinations. These two investments are the result of Call Turismo and were made through the Turismo Crescimento Venture Capital Fund. BHOUT is a startup on the frontier between gaming and fitness that has brought the boxing bag into the 21st century. It is the creator of the BHOUT Bag, powered by AI that merges information from sensors on the bag with computer vision to identify each move, the power of every strike, and the location of the impact and speed to help improve technique. After highly successful tests in the first BHOUT Club in Lisbon, which became the most profitable club in Portugal, BHOUT will soon be available at home, in companies, in hotels and in future BHOUT Clubs. This investment is the result of Portugal Ventures’ normal business activity and was made through the Portugal Ventures Tech Competitiveness Venture Capital Fund, with financial assistance from the Equity and Quasi-Equity Fund (FC&QC) managed by Banco Português de Fomento.    Follow-on investments: In 2022, Portugal Ventures increased its investment in 25 of its portfolio companies in the amount of €9.8million, continuing to promote co-investment with our capital partners. Most notably: Aptoide series B, in a total round of $12m in co-investment with Digital Turbine, Faurecia and Fundo 200M. Probely series A, in a total round of €7,7 million in co-investment with Iberis Capital, Semapa Next, Bright Pixel Capital, Caixa Capital and EDP Ventures. Didimo series A, in a total round of €7.34 million in co-investment with Armilar Ventures, Bright Pixel Capital and TechStars. Mindprober series A, in a total round of €5.6 million in co-investment with Iberis Capital, Armilar Ventures and Wisenext. Leadzai series A, in a total round of €5 million in co-investment with Lince Capital. proGrow series A, in a total round of €2.9 million in co-investment with Lince Capital and HCapital Partners. Spotlite seed series, in a total co-investment round of €1.5 million BestHealth4U seed series, in a total round of €1 million in co-investment with Lince Capital. Partner Networks: During 2022, we continued to strengthen our Partner Networks: another 14 organisations joined the Ignition Partners Network. This network comprises incubators/accelerators, associations, technopoles, and universities that support, prepare and monitor projects for investment; one more organisation joined the Capital Partners Network. This Network comprises our venture capital partners available to co-invest; and 7 more organisations joined in the Corporate Partners Network. This Network comprises leading national and international companies that enable the creation of synergies with our portfolio for the development of new products and technologies. Deal flow/Submissions: In 2022, Portugal Ventures launched 6 initiatives to capture deal flow, receiving 308 opportunities for investment. the 5th edition of Call Tourism the 4th edition of Call FIT - Fostering Innovation in Tourism (still in its original format) the 1st edition of Call Azores [...]

Non-tech and tech-based projects from the tourism industry are eligible. Investment of up to €100,000 per project. Applications must be submitted through our Ignition Partner Network Lisbon, 12 January 2023 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Banco Português de Fomento, in partnership with Turismo de Portugal and NEST – Tourism Innovation Centre,has launched a restructured Call FIT - Fostering Innovation in Tourism, aimed at investing in non-tech and tech-based tourism projects in the pre-seed stage. Submissions are open until 12 February 2023. Aware of the market failure identified in the tourism sector, Portugal Ventures reworked Call FIT, which before targeted only finalist projects of the acceleration, open innovation and ideation programmes of Turismo de Portugal – Fostering Innovation in Tourism, making it available to all projects that meet the eligibility requirements. Applications may only be submitted through one the entities that are part of the Portugal Ventures Ignition Partners Network. Portugal Ventures will invest up to €100,000 per project under Call FIT and the following are eligible: non-tech projects offering differentiating concepts for the country's tourism offer and that contribute to enriching the tourist experience and to strengthening Portugal’s competitiveness as a tourist destination; tech-based projects offering solutions to boost the efficiency of companies in the tourism sector and their supply of products and services. The previous version of Call FIT, which saw four editions, invested in the following companies: Bag4days, Classihy, Sailside and Wide Ocean Retreat. For Pedro Mello Breyner, Executive Director of Portugal Ventures, “in a year in which the tourism industry saw record-breaking numbers, the restructuring of Call FIT is essential to address a need in the sector, which is reflected in investment in the earliest stage of the projects to leverage their products and market entry. We will thus provide projects with the resources needed so that, together, we can continue to boost Portugal’s most dynamic economic sector, and also promote Portugal as one of the best tourist destinations in the world.”

For projects in the pre-seed, seed, early-stage and growth stages, based and/or operating in the Autonomous Region of the Azores; Investment of up to €500,000 per project; Submissions are open until 6 February. Lisbon, 10 January 2023 – Portugal Ventures, part of Portuguese promotional bank Banco Português de Fomento, has launched the 2nd edition of Call Açores to promote access to venture capital financing for innovative projects, based and/or operating in the Autonomous Region of the Azores, capable of boosting the Region's growth and development. Call Açores aims at identifying national or regional startup ventures in sectors considered to be of interest to the development of entrepreneurship in the Azores, with the potential to go global and which help position Portugal as an advanced tech hub that is globally competitive and attractive to international investors. Call Açores will invest in: Incorporated companies or those to be incorporated, based and/or operating in the Azores; Innovative projects/companies in the pre-seed, seed, early-stage and growth stages; Innovative projects: that directly or indirectly boost export capacity in the Autonomous Region of the Azores; that project a positive image of the Azores abroad as a nature and environmentally sustainable destination considered strategic for the Region, in the follow sectors: Tourism, Life Sciences, Technology, and other strategic sectors, such as Spatial, Energy, Agri-food, Forestry Industry, and the Ocean Industry. Portugal Ventures will host a Zoom webinar to explain the eligibility requirements on 24 January, at 3.30pm Continental Portugal Time and 2.30pm Azores Time. You can register here. All information relating to Call Açores can be found on the Portugal Ventures website here.

Lisbon, 11 November 2022 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, is pleased to announce its partnership with ANA Aeroportos de Portugal, Cuatrecasas and Galp, the newest members of the Portugal Ventures Corporate Partners Network. Portugal Ventures, through its Corporate Partners Network, aims to support and create synergies for the startups in its portfolio in testing their pilot projects, adapting their business model to the real market, and attracting potential marketing leads. For the companies that make up this network, it is an opportunity to leverage innovation in their structures, encourage research and development, improve processes, and explore and harness solutions to improve their products and/or services. Thierry Ligonnière, CEO of ANA Aeroportos de Portugal, says that “partnerships are an essential part of ANA and VINCI Airports’ innovation strategy and we welcome the opportunity to join forces with Portugal Ventures in working together to find new solutions to tackle challenges in the aviation sector. We believe this partnership will accelerate our innovation strategy and allow us to develop new ideas for our global airport network”. Nuno Sá de Carvalho, Managing Partner of Cuatrecasas, said “it is very gratifying to team up with a leading venture capital partner such as PV, which has played a key role in capitalising Portuguese businesses and strengthening our entrepreneurial ecosystem. As a partner law firm, we are committed, in particular, to training the CEOs of the companies PV invests in and their teams, helping them to develop their products and services in the best way possible, and boosting the expansion of their businesses and investment attractiveness. Cuatrecasas is closely linked to the Portuguese entrepreneurial ecosystem through the legal advice we provide to several national and international companies in venture capital transactions, but we also make a point of driving empowerment, as is the case of the partnership we have now established with Portugal Ventures, the agreement in place with Unicorn Factory Lisboa, and the launch seven years ago of the startup accelerator Cuatrecasas Acelera.” “Innovation and entrepreneurship are essential for Galp to develop and offer new, more sustainable and affordable energy solutions to its customers” points out Georgios Papadimitriou, Chief Operating Officer of Renewable Energies and Innovation at Galp. “Expansion of the entrepreneurial ecosystem and the collaborative approach reflected in this partnership show the path forward to overcome the technological challenges of the energy transition.” Teresa Fiúza, Vice President of Portugal Ventures adds “it is an honour to announce our partnership with three companies that have contributed so much to the entrepreneurial ecosystem. By joining the Portugal Ventures’ Corporate Partners Network, ANA Aeroportos de Portugal, Cuatrecasas and Galp will open doors for our portfolio companies so they can continue to develop their products, their marketing leads, and design beneficial solutions in response to market needs, thus contributing to the transfer of know-how to our startups and Corporate Partners.” About ANA Aeroportos de Portugal: ANA manages 10 airports in mainland Portugal (Lisbon, Porto, Faro and Beja Civil Terminal), the Autonomous Region of the Azores (Ponta Delgada, Horta, Santa Maria and Flores) and the Autonomous Region of Madeira (Madeira and Porto Santo). Focused on innovation and efficiency, ANA strives to deliver its visitors a unique experience and the best service every day. In September 2013, ANA became part of VINCI Airports. VINCI Airports manages a vast worldwide network of airports, developing and operating 52 airports: 12 in France, 10 in Portugal, 3 in Cambodia, 1 in Chile, 3 in Japan, 6 in the Dominican Republic, 8 in Brazil, 1 in Costa Rica, 1 in Serbia, 2 in the United Kingdom, and 5 in the United States. With extensive expertise as a global integrator, VINCI Airports develops, finances, builds and operates airports, and leverages its investment capacity, international network and know-how in optimising the management of existing platforms, expansion projects, and building new airport infrastructure. Learn more about VINCI Airports. About Cuatrecasas: Cuatrecasas is an international law firm prominently established in Portugal, Spain, and Latin America, where it has offices in Chile, Colombia, Mexico and Peru, and in Portuguese-speaking Africa, particularly in Angola and Mozambique. With a multidisciplinary and diverse team of more than 1,700 lawyers of 26 nationalities, Cuatrecasas covers all areas of company law, applying knowledge and experience using a sectoral approach tailored to each type of business. It has 27 offices in 13 countries and collaborates with law firms in other countries to form teams that can meet the needs of every client and in every situation. About Galp: Galp is an energy company committed to developing efficient and sustainable solutions in its operations and in the integrated offers it delivers to its customers. It creates simple, flexible and competitive solutions to meet the energy or mobility needs of both large industries and small and medium enterprises, as well as the individual consumer. Galp’s offer includes various forms of energy – from electricity produced from renewable sources to natural gas and liquid fuels. As a producer, Galp extracts oil and natural gas from reservoirs deep below the ocean’s surface and is also one of the leading Iberian producers of solar power. It contributes to the economic development of the ten countries in which it operates and to the social progress of the communities that welcome it. Galp is leader in its sector in the world's main sustainability indices and directly employs 6,360 people. More information available at www.galp.com

4 startups resulting from Portugal Ventures’ core business activity in the Digital & Technology andHealth Tech sectors 1 startup resulting from Call Madeira 2 startups resulting from Call Turismo Porto, 13 October 2022 -  Portugal Ventures, a venture capital company that is part of Portuguese promotional bank Banco Português de Fomento Group, is proud to announce 7 new investments – Fraudio, miio, WalliD, FootAR, C-mo, Pruvo and Spinach Tours – thereby strengthening the Digital & Technology, Health Tech and Tourism categories of its portfolio. Portugal Ventures has already invested €6.3 million in 11 new startups in 2022 (thus far). Rui Ferreira, President of Portugal Ventures, says “we have grown our portfolio by investing in six new companies developing solutions in strategic sectors such as sustainability, health, digital identity and tourism, and that have reached a stage of business growth and recognition in both the national and international market. For these investments we partnered with two leading international capital partners for co-investment – Boehringer Ingelheim Venture Fund and High-Tech Gründerfond – which reinforces our strategy for going global with our capital partners network. The investment made through Call Madeira represents a strong commitment to the entrepreneurial potential of Madeira’s business ecosystem. We are very confident that the team led by David Olim will establish Madeira a national model for development of a reference innovation and tech hub.” Investments in the Digital & Technology and Health Tech sectors: Fraudio, based in Amsterdam and led by the Portuguese João Moura, offers a highly innovative solution for combating payment fraud and electronic crimes. Based on the pooling of transaction data and powered by next generation Artificial Intelligence algorithms, Fraudio products are easy to integrate and provide its customers with a powerful fraud detection tool from day one, enabling them to securely manage their own customer bases and reduce operating costs and fraud losses. The investment by Portugal Ventures was made in co-investment with Shiling and Fintech Fund, and will allow Fraudio to grow its presence in Portugal and boost sales, marketing and R&D. This investment was made through the Portugal Ventures Grow and Expand Venture Capital Fund. miio specialises in electric mobility, which represents a 70% market share of electric vehicle users. The company’s app makes the lives of electric vehicle users easier by allowing them to search for charging stations, simulate and compare prices according to their vehicle and battery status, and to control consumption and costs. The app also recommends charging solutions suitable for their vehicle. The investment in miio will be channelled towards building the capacity of the engineering and marketing teams, and towards acceleration and internationalisation, in particular to the Spanish and French markets. This investment was made through the Turismo Crescimento Venture Capital Fund. WalliD is an identity toolkit that links digital identity protocols to online applications to enable users to access, manage and verify their identity using a single digital wallet. With an estimated $12-billion market potential in 2025, WalliD will use this investment to acquire the resources it needs to further product development for increased network integration with digital identity networks and protocols. Portugal Ventures made this investment through the Portugal Ventures Tech Competitiveness Venture Capital Fund, supported by financial assistance from the Equity and Quasi-Equity Fund (FC&QC – Fundo de Capital e Quase Capital) managed by Banco Português de Fomento. C-mo Medical Solutions develops solutions for the diagnosis and monitoring of respiratory diseases. Its mission is to revolutionise the clinical management of chronic cough, a symptom experienced by 400 million adults worldwide. The company is unlocking the clinical potential of analysing the characteristics and patterns of cough, and aims to address the medical need associated with the management of chronic cough. This investment round was made in co-investment with Boehringer Ingelheim Venture Fund and High-Tech Gründerfonds, and will enable C-mo Medical Solutions to take the technology to the European and US markets, and to expand its product portfolio. This investment was made through the Portugal Ventures Valor 2 Venture Capital Fund.  Investment through Call Madeira: FootAR, a startup in Madeira housed at Startup Madeira (Funchal), has developed an immersive augmented reality platform that replicates a virtual football stadium, with real-time data and statistics on players, clubs and championships. This solution, which has already been tested by Clube Desportivo Nacional da Madeira football club, is designed for sports organisations such as clubs, federations and leagues, as well as bookmakers, offering them an innovative way to boost revenues through advertising, marketing and sales with a high level of user engagement, thanks to gamification and augmented reality mechanisms. FootAR will use the investment to finalise the prototype and build integration for current and new customers, preparing the company for international expansion and attracting new investment rounds. Portugal Ventures made this investment through the Atlântico Venture Capital Fund, supported by financial assistance from the Equity and Quasi-Equity Fund (FC&QC) managed by Banco Português de Fomento, in partnership with August One, a family office based in Singapore, to strengthen the business capabilities of companies operating in the Autonomous Region of Madeira, with a view to building a robust innovation ecosystem that is internationally competitive. José Maia, Investment Lead at August One, says “this investment in Madeira is the result of the ability of the Autonomous Regions to attract and retain entrepreneurs and talent prepared to compete in highly competitive industries. It is now up to August One and Portugal Ventures to support the international growth of this business in order to enhance its value and offer good return to its investors”. Launched in February this year, in partnership with IDE (Business Development Institute) and the Madeira Government, 20 applications from Portuguese, English, Brazilian, French and American entrepreneurs where submitted to Call Madeira, corresponding to a total requested investment of €3.7 million, most of which for creating new companies in the autonomous region. Investment through Call Turismo: Pruvo offers an AI-driven solution that enables travel agencies and travellers to benefit from price fluctuations in hotel bookings by allowing them to rebook [...]

Porto, 28 July 2022 – Portugal Ventures, part of the Banco Português de Fomento Group, is proud to announce the first investment made through Call Azores. Revault develops blockchain-based cybersecurity solutions for businesses that add transfer rules to Bitcoin transactions in order to minimise the amount that can potentially be diverted, either as a result of unintentional error or theft/fraud. Unlike competing solutions, which rely on an intermediary and make these parties the target of tempting attacks given the amount of Bitcoins they have in their custody, Revault's solution allows the owner of the Bitcoins to retain custody of the private keys, imposing transfer rules at the level of the Bitcoin blockchain itself. This open source solution offers greater security to Bitcoin transfer processes, preventing theft and fraud, either by external parties or by employees within the company itself. Kevin Loaec, CEO of Revault, says “We are very happy to have Portugal Ventures joining Revault as our first Portuguese and European investor. This investment complements our strategy of bringing VC firms and business angels with know-how and track-record in the Bitcoin industry to our company.” The Call was launched in partnership with the Azorean Government, where Portugal Ventures and August One, a Singapore-based venture capital fund management company, invest through VCF Fundo Atlânticowith the aim of promoting entrepreneurship, encouraging the development of solutions in sectors considered as having great potential for the region. With Revault operating out of the Azores, and incubated at Terinov, the Autonomous Region may come yet become a leader in Bitcoin cybersecurity in Europe and the US. The Azores has proven to be a crucial ally in the development of this project, as the archipelago offers unique conditions when it comes to physical security for a company providing this type of service. Terceira Island is considered a Free Technological Zone, an environment for demonstrating and testing new technologies, where innovative products and services can be safely tested without all the normal regulatory implications related to the activity in question. Pedro de Mello Breyner, Member of Portugal Ventures’ Board of Directors, says that “the investment in Revault will allow us to reinforce the sales and marketing area of this project, which is currently being launched in the international market. It is solutions like those developed by Revault that help position Portugal as a leader in R&D, boosting the globalisation of national innovation. We are confident that we will put the Azores on the map”. José Maia, Investment Lead at August One, says that “we are committed to bringing capital, technology, opportunities and talent to the investments we manage. Through VCF FCR Atlântico, we do so by cooperating with Portugal Ventures, with the remit to create a positive impact in the autonomous regions and, of course, create value for our investors. This is the first investment in the growth segment of this fund, in a company that offers a solution particularly suited to internationalisation. A new phase of work is now beginning with Revault to enhance its value, giving it access to opportunities in Asian and other markets where we have a presence.” Call Azores received 20 applications, with a total amount requested for investment of €4.6 million. About August One: August One is a venture capital fund management company regulated by the Monetary Authority of Singapore (MAS). It collaborates with various governments, universities and companies to help develop the potential of existing and emerging companies, through its Investment, Acceleration and Family Office platforms. In Portugal, August One has partnered with Portugal Ventures under VCF Fundo Atlântico and runs the OneBlue accelerator programme to help companies in the Blue Economy grow and expand into new markets in the Nordic countries and Asia. To learn more, visit www.august.one

Message from the Chairman of the Board of Portugal Ventures  “Portugal Ventures 10 years on – Celebrating the past, emphasising the present, looking to the future” 27 June 2022 In 2012, the venture capital ecosystem in Portugal showed little development and, consequently, was unattractive to Portuguese and foreign entrepreneurs and investors – our country accounted for 0.1% of total venture capital transactions carried out in Europe and only 0.06% of the amount transacted. In the past 10 years, entrepreneurship in Portugal has come a long way, growing 13% per year in number of transactions and 54% in amount transacted, recording 85% growth in the number of incubated startups, with 63 venture capital firms in Portugal and 227 funds under management, leading to the emergence of seven unicorns with Portuguese DNA. Portugal Ventures came to play a pivotal role in the growth of this venture capital market, by positioning itself as the “glue” of the national entrepreneurial ecosystem, when, on 27 June 2012, as a result of the merger of three other state-owned venture capital firms (Inovcapital, AICEP Capital and Turismo Capital), it set out on its mission to support entrepreneurs and businesses with potential, working together with investors and partners to push Portugal forward. Today, we celebrate 10 years of success, learning and, above all, impact. In the past 10 years, we were responsible for 15% of the transactions in the Portuguese venture capital market. We invested €177.2 million in 184 companies across Portugal, including the Autonomous Regions of the Azores and Madeira. We have put Portugal on the world map and on the international entrepreneurship map, and we are proud to have three international unicorns in our portfolio. The startups in which we invest currently contribute €339 million to the national economy and create more than 4,100 direct and indirect jobs. Portugal Ventures, therefore, has been, is and will continue to be the driving force in boosting the entrepreneurial ecosystem, as demonstrated in three major cycles over the course of our decade-long history, led by former management teams. We take this opportunity to thank them for paving the way and getting us to where we are today: In launching the ecosystem, when establishing the firm in the middle of a financial crisis (2012-2014); In consolidating the ecosystem and putting Portugal on the map as a hub for startups with global ambition (2015-2017); In strengthening its networking, tackling market failures (for example, during the pandemic) and in increasing the value of its investment portfolio (2018-2021). This year, 2022, in which we celebrate our 10th anniversary, Portugal Ventures enters a new cycle, once again facing a crucial moment for the ecosystem, not only as a result of the dynamic years of development (and representing 1% of national GDP), but also given the challenges posed by global uncertainty. Fully aware of this increased responsibility and sense of mission, the Portugal Ventures team is committed, once again and just as it was in critical years such as 2012, 2015 and 2020, to stimulating the creation and global development of Portuguese startups. The number 10 represents a cycle, a beginning, end and new beginning – a new cycle in the life of Portugal Ventures, with a new positioning, a new way of working and, naturally, greater impact on the entrepreneurial ecosystem and on Portugal! In this new cycle, our greatest challenge will be to continue contributing to the consolidation of this ecosystem, addressing “market failures in Portugal”, and delivering value to different public and private, national and international stakeholders.  To continue with our mission, we need the support of all these stakeholders: the founders of startups, who see Portugal Ventures as the gateway to the venture capital market and recognise its support in raising more long-term capital and providing access to a network of partners, thereby fulfilling our more focused, agile, fast and founder-friendly public service mission; our ignition and corporate partners, who recognise Portugal Ventures’ role in accessing funding for their incubatees and leveraging the ecosystem; our equity partners (co-investors), not in competition but in total cooperation, who see Portugal Ventures not only as a source of credible deal flow but more importantly as a partner that enables the successful closing of equity rounds in their subsidiaries, and enabling divestment with potential return; our public and private institutional partners, many of whom are investors in the funds managed by Portugal Ventures, who place their trust in our investment policies and target markets, in addition to the return on capital invested; and our shareholder Banco Português de Fomento and the respective supervisory authority, in embracing remits in the management of new venture capital funds aimed at financing business segments (at sectoral, regional and life cycle stages), where there is still a market failure in the framework of public company capitalisation policy. Driven by this continued support, we take this opportunity to thank our shareholders, supervisory authority, participants of the funds we manage, our partners in strategic networks and, of course, the founders of the companies we back for all the support shown since 2012, without whom we would not have been able to position Portugal Ventures as a leading player in the capitalisation of Portuguese businesses over the past 10 years. Finally, a special thanks to Portugal Ventures’ most important asset: an extraordinary team with more than 20 years of recognised experience in the Portuguese entrepreneurial ecosystem, without which it would not have been possible to have come this far, amidst known obstacles and constraints. Besides the various initiatives we have been holding throughout this year to celebrate our anniversary, in September to mark this special occasion with the entire Portuguese entrepreneurship ecosystem. On behalf of myself and my follow Board members, Teresa Fiúza and Pedro Mello Breyner, I extend entrepreneurial greetings to you all. Rui Ferreira Presidente of Portugal Ventures' Board

Porto, 23 May 2022 - Portugal Ventures, part of the Banco Português de Fomento Group, is proud to announce its most recent investment in a tech company whose solution is designed for tourist accommodation units, and whose mission is to support companies in the sector to implement good sustainability and energy efficiency practices.  MTI – Managing the Intelligence develops IoT devices and software, powered by artificial intelligence, for the global hospitality and accommodation market. The team comprising Miguel Silva and Sofia Romão created an energy efficiency solution – the MTI Smart Room, which works with any system and brand of air conditioning, to increase the thermal comfort of guests and to reduce the cost of electricity bills, making tourist accommodation units more sustainable and compliant with ESG (Environmental, Social and Corporate Governance) criteria. MTI Smart Room, a hardware and software solution, is easy to install and does not require additional works or the closure of hotels for installation. It integrates with hotel systems, allowing, for example, the control of AC units based on the check-in and check-out times of guests, thus preventing energy waste. Based in Faro, MTI - Managing the Intelligence already has its solution installed in over 400 rooms in Portugal and expects to begin its internationalisation process to Europe by the end of 2022. For Pedro de Mello Breyner, Executive Member of Portugal Ventures’ Board of Directors, and head of the Tourism Business Unit, “this investment aims at supporting growth in the range of products and services that transform the tourism industry into an increasingly responsible sector in terms of sustainability, energy efficiency and ecological footprint. We believe that by investing in these types of technological solutions, we will be working to make Portugal a destination that is increasingly sustainable and aligned with the Tourism Strategy 2027.” Sofia Romão, CFO of MTI, says that “it is with great enthusiasm and expectation that Managing The Intelligence embarks on this partnership with Portugal Ventures, which we are sure will be filled with many successes and achievements! The investment round closed with Portugal Ventures is recognition of the effort and passion of the entire team and the innovative and disruptive potential of the MTI Smart Room solution. Our commitment, ambition, dedication and hard work with Portugal Ventures will enhance MTI’s sustained growth towards becoming a global reference, combining technology with the sustainability of the planet we call home. The partnership with Portugal Ventures will provide MTI with access to corporate best practices and a world-class network and community of entrepreneurship and innovation, making the path to success faster and generating a greater impact.” This investment stems from the 4th edition of Call Turismo, launched at the end of 2021, with the aim of reactivating and encouraging recovery of the industry. Since the 1st edition of Call Turismo Portugal Ventures has received more than 240 applications, with a total amount requested for investment of €150 million. €5 MILLION AVAILABLE TO INVEST IN THE 5TH EDITION OF CALL TURISMO Portugal Ventures today launches the 5th edition of Call Turismo, in partnership with Turismo de Portugaland Nest - Tourism Innovation Centre, to invest between €200,000 and €1 million in projects that contribute to innovation, sustainability and efficiency in the tourism sector. In this 5th edition, incorporated companies or those to be incorporated are eligible, presenting: non-tech projects offering differentiating concepts for the country's tourism offer and that contribute to enriching the tourist experience and to strengthening Portugal’s competitiveness as a tourist destination; tech-based projects offering solutions to boost the efficiency of companies in the tourism sector and their supply of products and services. Just as in the 4th edition, projects that contribute towards the Sustainable Development Goals (SDGs), offering solutions that encourage the dematerialisation of processes and services, the recycling, reuse and reduction of waste, combine clean energy, improve energy and water efficiency, and smart mobility solutions, will be given priority. Call Turismo implements the provisions of the Plan to Reactivate Tourism and Build the Future, approved by Resolution of the Council of Ministers No. 76/2021 of 16 June, by creating conditions for the promotion of entrepreneurship and innovation in the sector.

Porto, 7 April 2022 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, in partnership with ANI - National Agency for Innovation and in collaboration with Startup Portugal, has launched the 2nd edition of Call INNOV-ID to promote access to venture capital financing for science and technology-based projects that contribute to one of the following areas: decarbonisation of the economy process, product and material sustainability energy efficiency and sustainability circular economy With submissions open until 20 May, Portugal Ventures will invest €100,000 per project for the development of a prototype, proof of concept, product (MVP) or product-market-fit validation. As in the previous edition, applications must be submitted exclusively through one of the entities that are part of Portugal Ventures’ Ignition Partners Network (rather than directly by the founders themselves). The following projects are eligible under Call INNOV-ID: Projects in the pre-seed, seed or early-stage; Companies to be incorporated or that were incorporated less than 8 years ago, with registered office in mainland Portugal or on the islands, and with developed technology; Projects resulting from scientific, technological or academic research and development, at higher education institutions or technology centres, in order to enhance the transfer of knowledge to companies and transformation into innovation; Projects that are promoted by or employ highly qualified human resources. The investment under Call INNOV-ID aims at financing projects or companies with growth potential that are starting out, so that they have a runway to enable them to reach more developed stages that enable them to raise additional rounds of capital. To mark the start of this 2nd edition, Portugal Ventures will hold a launch session at Instituto Pedro Nunes, in Coimbra, which will be attended and opened by the Minister of the Economy and the Sea, Mr António Costa e Silva. The event will take place at 3 p.m. and requires registration. In 2020, following the launch of the 1st edition of Call INNOV-ID, in just one month Portugal Ventures received 117 applications, resulting in an investment of €4 million in 40 projects. Portugal Ventures will launch another edition of Call INNOV-ID in the fourth quarter of 2022. Rui Ferreira, CEO of Portugal Ventures, says that “when, in 2020, we were invited by the government to launch a call for pre-seed projects, to boost the entrepreneurial ecosystem in the midst of the COVID-19 pandemic, we financed projects in stages where there was a clear market failure and in strategic sectors for the recovery of the Portuguese economy, at a very critical time for emerging companies. Two years later, our mission remains the same. By renewing the partnership with the National Innovation Agency, we are once again promoting cooperation between higher education institutions, technological interface centres and startups, and the transfer of scientific and technological knowledge to small and medium-sized enterprises in order to help increase their capacity for innovation and R&D”. “The number of applications received in the first edition strengthens our belief that Portugal produces scientific and technological knowledge and innovation of excellence and that is globally competitive and able to reach the market. But we must continue to invest in instruments that encourage this process. The partnership between ANI, Portugal Ventures and FITEC has proved to be an effective tool to address the lack of funding for technology transfer projects with accelerated growth. Since this second edition focuses on the green transition, we believe that we will receive proposals with transforming potential that will help foster a more competitive, independent and sustainable economy,” adds João Mendes Borga, ANI Board member.

Porto, 3 March 2022 – In 2012, following the merger of three venture capital firms (Inovcapital, AICEP Capital and Turismo Capital), Portugal Ventures was founded with the ambition to boost stimulation of a national entrepreneurship ecosystem that, at the time, was in its infancy. In 2020, and with its integration into Portuguese promotional bank Grupo Banco Português de Fomento, Portugal Ventures positioned itself as a public venture capital firm, with the mission of addressing market failures through investment in the pre-seed, seed and series A stages of companies where the risk is higher and in strategic sectors for the Portuguese economy. Throughout the past decade, and to date, Portugal Ventures has: analysed 2500+ investment opportunities; invested €2 million; added 184 new startups to its portfolio; invested €74.8 million in Digital & Technology projects, €35 million in Industry & Technology, €38.2 million in Health Technologies, and €29.2 million in Tourism projects; made 145 follow-on investments to increase the share capital of its portfolio companies; accompanied 17 reference rounds, from Series A to Series D, particularly the rounds of Aptoide, defineAI, fever, BitSight, Peekmed, Lovys and JScrambler; exited 142 companies, most notably the divestment of unicorns Farfetch and Outsystems; created three strategic partner networks: the Capital Partner Network with more than 18 investors (aimed at promoting and facilitating co-investment), the Ignition Partner Network with 111 partners(comprising incubators, accelerators, universities and R&D centres, aimed at identifying investment opportunities), and, more recently, the Corporate Partner Network with 13 leading national and international companies (whose synergies enable portfolio companies to create, test and validate new products, services and technologies). This year, Portugal Ventures celebrates its 10th anniversary with: 16 venture capital funds and €254 million under management; 140 portfolio companies; 3 international unicorns in its portfolio with significant business in Portugal, that is, Bitsight, Fever and Glovo; 1 team of 41 employees with over 20 years of venture capital experience. Portugal Ventures’ Board of Directors, which took office in January 2022, starting a new cycle in the life of the firm, states that “it is with great pride that we celebrate 10 years at the service of the entrepreneurial ecosystem, as a leading venture capital partner in Portugal. Since 2012, we have helped to build the technology and innovation hub that is today the national ecosystem, with worldwide recognition. For the next 10 years, we renew our commitment to work hand-in-hand with our portfolio companies, our shareholders, management fund participants, and all strategic network partners to continue to challenge entrepreneurs with global ambition, strengthen this vibrant ecosystem, and finance highly innovative Portuguese companies.” To celebrate its 10th anniversary, Portugal Ventures will carry out several initiatives, including the cycle of debates “10 Years Growing Entrepreneurship”, looking back at how entrepreneurship has grown in the different sectors of activity in Portugal over the past decade and the way in which Portugal Ventures has accompanied this progress. The first debate will take place on 10 March at 3pm, online (YouTube channel), with the topic “10 Years Growing Women's Entrepreneurship”. The following panel speakers are confirmed: Teresa Fiúza, Portugal Ventures (moderator) Ana Pinto, CEO Reckonai Ana Torres, MS Europe Cluster Lead, Pfizer Conceição Zagalo, social entrepreneur, co-founder of GRACE Daniela Seixas, CEO, TonicApp Rita Nabeiro, CEO, Adega Mayor Sofia Tenreiro, investor and entrepreneur Alongside this initiative, Portugal Ventures will also be launching a testimonial campaign with some of the stakeholders that played a key role in Portugal Ventures’ journey.

Targets projects in the pre-seed, seed and startup stages; Exclusive to projects with activities located in the Autonomous Region of Madeira; Investment of up to €200,000 per project; Submission open until 14 March at portugalventures.pt Porto, 14 February 2022 - Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, is launching its first ever Call Madeira, aimed at promoting access to venture capital funding for innovative projects operating in Madeira that demonstrate the ability to maximise their development and global growth. With the launch of this Call, exclusive to Madeira, Portugal Ventures aims to promote entrepreneurship in the Region, encouraging the creation and development of startups with global ambition in industries considered of interest for the development of entrepreneurship in Madeira. These projects should boost the export capacity of the Autonomous Region of Madeira, positively promoting its external image while helping to position Portugal as a technologically advanced, globally competitive and attractive hub for international investors. The investments made in this 1st edition will strengthen the business capabilities of companies operating in Madeira, with a view to developing and implementing their innovation, growth and internationalisation strategies. For the launch of the 1st Edition of Call Madeira, Portugal Ventures is joining in on the celebrations of Startup Madeira’s 25th anniversary, with Rui Ferreira, CEO of Portugal Ventures, participating on the panel "Humanising the Digital World". For 25 years Startup Madeira has stimulated the entrepreneurial ecosystem of the Autonomous Region of Madeira and helped generate qualified deal flow opportunities, resulting in the creation of new projects and businesses for the region. Startup Madeira is one of the longest standing partners of Portugal Ventures’ Ignition Network, since joining the network in 2012. For Rui Ferreira, "Call Madeira is the result of several years of partnership and working closely with the drivers of this entrepreneurial ecosystem, in particular with Startup Madeira. It is with great determination that we launch the first Call exclusively for projects in this Region to help them grow in Madeira and expand to the world. We are confident that by financing these companies we are contributing to boosting Portugal’s image as a highly innovative, competitive and attractive hub for foreign investment, while helping to strengthen the regional and national economy." Call Madeira will invest in: Incorporated companies or those to be incorporated, operating in the A.R.M.; Innovative projects/companies in the pre-seed, seed and start-up stages; Innovative projects considered strategic for the Region, in the follow sectors: Digital & Technology (Cloud & IT, Enterprise & SaaS, Mobile, E-marketplaces, Travel & Leisure Tech) Life Sciences (Therapies, MedTech, Diagnostics); Engineering & Industry (Ocean Economy, Endogenous Resources, Energy, Agro-industry, Forest Industry, Nanotechnology and Materials). More information about the eligibility conditions and Call Madeira is available here. Portugal Ventures will hold a webinar on 23 February, at 3 p.m., to clarify doubts about Call Madeira, including those related to its investment strategy and submission process. The session is open to all those who wish to attend and is free of charge, but registration is required.

Porto, 6 January 2022 – Despite all the restrictions and uncertainty brought about by the pandemic, in 2021 Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Grupo Banco Português de Fomento, remained steadfast in its focus, achieving the following results: new investments exceeded those made in 2020, with a total of €8.3m invested in 48 new companies; 22 follow-on investments in the amount of €4.5m to increase the share capital of its portfolio companies; a total investment of €12.8m in 70 companies; 6 co-investments, in the total amount of €13m, together with its capital partners, most notably the Series A rounds of Jscrambler and Peekmed; the exit of 18 portfolio companies, including the divestment of Zaask to Worten and of Mercadão to Glovo. In addition to these results, and despite a challenging 2021, one thing is certain: the entrepreneurial ecosystem is alive and well. The proof lies in the number of applications submitted to Portugal Ventures during the year: 297 investment applications totalling €74.9m in investment sought. To address the demand of the ecosystem and the need to capitalise businesses, in 2021 six initiatives were launched to attract deal flow: 4th Edition of Call Tourism and the 3rd Edition of Call FIT - Fostering Innovation in Tourism – in partnership with Turismo de Portugal and Nest – Tourism Innovation Centre, two calls under Call Deep Tech, together with Imprensa Nacional Casa da Moeda, the 1st Edition of Call Açores and 11 Open Days. Portugal Ventures’ Board of Directors points out that “in year in which uncertainty was the only certainty, Portugal Ventures remained steadfast in its focus: to capitalise Portuguese companies that need financial vitality to develop new international business opportunities. In 2022, we will continue to work alongside our portfolio companies, their teams, and our partners to boost the Portuguese economy.” New Investments: Portugal Ventures invested a total of €8.3 million in 48 companies: Digital Redcatpig, Taikai, Spotlite, Bandora, Neroes, Cosmos.pic, One Care, Wall-i, Tesselo, Ccrave, United Boutiques Engineering & Manufacturing Watgrid, Reckonai, Cleanwatts, About Aqua Food,  Beeyard, Bioworld, Eptune Engineering, Go Clever, Scemai, ihCare, Sky Powerlines, Klugit, Landratech, Corium Biotech, Core Protein, Sciven, Swatter, Neural Solar, UZME, Wakaru, Wysensing, Partner in Cream, S&DG, Flowco, Ablute, Aqva More, We Can Charge Life Sciences Insignals Neurotech, Nu-rise, RubyNanomed, HatiCancer, Wisify, FastCompChem, BestHealth4U Tourism Merytu, Sleep&Nature, The Independente Collective Follow-on investments: Follow-ons help increase the financial capacity of companies to enable them to leverage their business. Portugal Ventures made additional investments in 22 of its portfolio companies, in the amount of €4.5 million. Of note are the Series A round of Jscrambler, totalling €15m in co-investment with Ace Capital Partners and with Sonae IM, and the Series A round of Peekmed, in the amount of €3m, in co-investment with Grosvenor, a Portugal Ventures capital partner. Exits: In 2021, Portugal Ventures successfully completed 18 exits, most notably the sale of Zaask to Worten, an electronics retail company that is part of the SONAE Group, and of Mercadão to Glovo, a personalised multi-category Q-commerce delivery platform. The last exit of the year was the sale, with capital gains, of Nata Pura, which was acquired by the founder after 5 years as a Portugal Ventures portfolio company and working together with our team. Partner Networks: The partner networks that support Portugal Ventures in boosting the entrepreneurial ecosystem also grew in 2021: we added another 8 Ignition Partners to the Ignition Partners Network, to assist in the scouting for and preparation of venture capital investment projects, another 3 Capital Partners, for co-investment and additional investments in new funding rounds, and another 6 Corporate Partners, leading national and international companies that encourage the creation of synergies with our portfolio companies to develop new products and technologies. Deal flow/Submissions: Of the 297 applications submitted to the initiatives launched during the year, 76% focused on Digital and Tourism, most of which submitted by male entrepreneurs between the ages of 31 and 40. There are, however, signs that the ecosystem is changing, with a growing number of entrepreneurs aged between 41 and 50. Given that Portugal Ventures invests in projects ranging from the pre-seed to Series A stages, the businesses that submitted their investment projects comprise teams with less than 6 people and have been operating for less than 3 years, with no sales or less than €50,000 in sales. There has, however, been a notable increase in applications from companies in more advanced growth stages, with sales of between €500,000 and €2m, who seek venture capital to leverage their business.

Porto, 15 December 2021 – Five years of working together with the Portugal Ventures team and annual sales of 12 million pastéis de nata later, Nata Pura (BY FOODS Group) has bought back its shares to ensure full autonomy and control of the markets in which it does business. The goal was to internationalise a traditional Portuguese product invented centuries ago, sought after and loved by tourists but difficult to come by overseas. Nata Pura was established in 2013 to bridge that gap. In 2014, Mabílio Albuquerque, CEO of Nata Pura, offered the product at a fair in London to test the receptiveness of potential customers before starting the project. In 2015, Mabílio sought an investor who understood the project and its internationalisation potential to take the next step – this led him to submit the project to Portugal Ventures, who would make recommendations about the product and business model. In 2016, he “fine-tuned” the project and resubmitted it to a new Call, receiving an investment of €830,000. This investment would be used to enter new markets and reach large-scale operators, preferably, in cities with 50 million inhabitants. Thinking and dreaming globally, this is the example set by a project that, from the outset, was designed exclusively for foreign markets – 99% of sales are international, with only 1% of turnover derived from Portugal, with one point of sale in Sintra. “The pastel de nata had to be liberalised, just like doughnuts, macaroons, muffins, cupcakes and French croissants. Our goal was to present it as a product with enormous potential to became a staple, a commodity, in the global market,” says Mabílio Albuquerque. “The creation of Nata Pura was a learning process. I knew nothing about making a pastel de nata, about logistics, palletisation, etc. It took a lot of resilience, trial and error, and believing. And it was only possible because we eliminated the word ‘problem’ from our vocabulary.” Filomena Pastor, Engineering & Manufacturing Investment Director at Portugal Ventures, says that “we invested in Nata Pura (By Foods Group) because we recognised its potential for scalability and the sustainable ambition of the management team. By offering a traditional Portuguese product, with an innovative production process, and using an international B2B market strategy and approach, Nata Pura affirmed its potential, generating over €3.5m in sales and undertaking to expand to the four corners of the world, delivering an increasingly diversified product. With this investment, Portugal Ventures thus achieved one of the objectives of the Call to which the business’s project was submitted - contribute to stimulating innovation in and boosting the more traditional industries.” 100% made in Portugal, Nata Pura's recipe is the closest and most faithful to that created by the monks three centuries ago, and uses natural and unprocessed ingredients. With a team of just 8 employees, BY FOODS exports Nata Pura to 30 markets, including those in Europe, Asia, the Middle East and the United States, through retail chains like Costco, Prêt-a-manger, Domino’s Pizza and Paul Bassett in Korea. Its pastel de nata (or Portuguese custard tart) has won the most international awards and Nata Pura aims to continue to gain scalability, not only in new markets but also in established markets where it only supplies one channel. Mabílio Albuquerque’s goal is to see a Nata Pura ordered all over the world instead of a pastel de nata, as is already the case in South Korea. For Rui Ferreira, CEO of Portugal Ventures, “this project is a shining example that we have proudly nurtured, one that was made to go global and has been growing exponentially in international markets, taking an iconic symbol of traditional Portuguese culture, the pastel de nata, to the four corners of the world. Their success is largely due to the business vision of the Nata Pura team, which humbly and wisely conquered the world”. Since the beginning of 20021 and to date, Portugal Ventures has already divested 17 portfolio companies, most notably the most recent sale of Mercadão to Glovo and of Zaask to Worten.

Two exits: divestment of Zaask to Worten and Mercadão to Glovo; Four investments: one in digital - TAIKAI, two in Engineering & Industry - Reckonai and Watgrid, and one in Tourism – Sleep & Nature. Porto, 22 September 2021 – The successful exits that Portugal Ventures today announces are the culmination of the remarkable journey of startups operating in the consumer market from Portugal, under the noteworthy leadership of their founding teams and investors. Divestments (exits): Zaask, exit concluded in May 2021, has been acquired by Worten, an electronics retail company that is part of the SONAE Group and market leader in the sector. Backed by Portugal Ventures in 2013, Zaask is the precursor of a new generation of Portuguese businesses. The digital technology project was conceived in university and was brought to life by its founders and with the support of the Portuguese entrepreneurial ecosystem. Today, Zaask is a leading marketplace for service procurement, most notably household services. “We believe that this exit is another step toward to strengthening Worten's leadership in Portugal, in particular in relation to the services sector. Zaask’s business model is one that Worten has been keeping a close eye on and in which it intends to invest in the future,” states Miguel Mota Freitas, CEO of Worten. Mercadão, exit concluded in August 2021, has been acquired by Glovo, a personalised multi-category Q-commerce delivery platform operating in 23 countries and in more than 900 cities. Backed by Portugal Ventures in November 2019, Mercadão quickly achieved its high potential thanks to its availability and offering proven quality in the delivery of groceries to thousands of Portuguese families. Underpinned by strong partnerships, exceptional management leadership and motivated customer-centric operations teams and shoppers, Mercadão has become a leading brand in Portugal. For Daniel Afonso, Global Vice President of Q-commerce at Glovo, “From day one, Portugal has been a priority market for Glovo. By acquiring Mercadão, we are growing our share in the Portuguese online grocery delivery market to 25%. Our experience and international reach, together with Mercadão’s capacity and partnerships will enable us to continue pushing the boundaries of Q-commerce, one of this decade’s biggest consumer trends.” According to João Pereira, Director of Digital Investment at Portugal Ventures, “There is no better acknowledgement of the quality and potential of the new Portuguese business ecosystem and its stakeholders, particularly the founders. The customers of these companies recognise the value proposition of these businesses every day, which offers convenient access to specialised services and consumer products, such as groceries, delivered to their home or in their homes, which is an increasingly growing trend.” Besides these two exits, Portugal Ventures also announces four new additions to its portfolio, which join the 43 new startups announced in April this year, corresponding to a  total investment of €2 million. To date, and since early 2021, Portugal Ventures has already invested €8.6 million in 47 new startups. New Investments: TAIKAI is a talent marketplace that brings together creators and businesses by crowdsourcing solutions for the challenges they face, using hackathons as a tool to test and validate new ideas, products and talent globally. The startup refers to itself as the “Tinder for innovation and talent seeking”. This investment is the result of the “Operation follow-ons” initiative (announced in May 2020). Reckonai specialises in automated solutions and the digitalisation of online purchases in the retail sector driven by AI and Computer Vision. It helps retailers and other sectors to create new business models, leveraging new purchasing and logistics trends and addressing the consumer’s growing need for simple and convenient shopping experiences. The solution offers a full “grab & go” shipping experience. This investment is the result of the “Operation follow-ons” initiative (announced in May 2020). Watgrid is dedicated to developing innovative technological solutions for process digitalisation in liquid related industries. Through its WINEGRID brand, designed specifically for the wine industry, the company leads the digital transformation of the sector by providing solutions for the wine-making process that are already being used by some of the world’s leading wine producers. This investment is the result of the “Operation follow-ons” initiative (announced in May 2020). Sleep & Nature is developing a 4-star hotel in Montemor-o-Novo that strikes a balance between the surrounding nature and the importance of transferring that balance to our body. It is the first project in Portugal that combines tourism and holistic wellness to treat sleep and stress-related disorders and finding balance, in a time and space specially designed for such a purpose. This investment is the result of the “third edition of Call Tourism” (announced in September 2020). For Rui Ferreira, Vice President of Portugal Ventures, “The investments announced today are perfectly aligned with our strategy to invest in R&D, tech-based and scalable solutions created by solid and highly motivated teams. These new investments are the result of close ties with our Capital Partners Network that stimulate co-investment in Portugal.” About Worten: Worten is the leading electronics retail company in Portugal and part of the SONAE Group. Operating for more than 25 years in the Portuguese market, the Worten brand is focused on its mission to bring the best of technology to everyone, offering innovation and convenience at the best price. About Glovo: Glovo is a pioneering multi-category delivery app and one of the world's leading delivery platforms. Founded in Barcelona in 2015, it operates in Southern and Eastern Europe and in Sub-Saharan Africa. The app connects users to restaurants, supermarket chains, pharmacies and retail stores, including an “anything” category that allows users to order whatever they want.

For projects in the pre-seed and seed and based in the Autonomous Region of the Azores; Investment of up to €200,000 per project; Submissions open until 29 November. Porto, 15  September 2021 – Portugal Ventures, part of the Banco Português de Fomento Group, in partnership with the Government of the Azores, announces the launch of the first edition of Call Açores, aimed at promoting access to venture capital financing for innovative projects that are linked to the Autonomous Region of the Azores and are able to boost the Regions’ growth and development. This Call is designed to foster the creation of startups and strengthen the business development of Small and Medium-sized Enterprises (SMEs) based in the Autonomous Region of the Azores, to help them develop and implement their innovative, growth and internationalisation strategies. This initiative aims to promote entrepreneurship by encouraging the creation of national or regional startups with global potential in sectors considered to be of interest to the development of entrepreneurship in the Azores, and which help position Portugal as a tech hub that is globally competitive and attractive to international investors. Call Açores will invest in: ✓ Incorporated companies or those to be incorporated, with activity in the Azores. ✓ Innovative projects/companies in the pre-seed and seed stages; ✓ Innovative projects: that directly and/or indirectly promote increased export capacity in the Autonomous Region of the Azores; that project a positive image of the Azores abroad as a nature and environmentally sustainable destination; are considered strategic for the Region, in the follow sectors: Tourism (tourist activities, travel & leisure, tech) Life Sciences (therapeutics, med tech, diagnostics, digital health) Tech (Software: cloud & IT, Enterprise and SaaS, E-marketplaces) Other strategic sectors, namely Spatial, Energy, Agro Industrial, forestry industry and ocean industry. More information about the eligibility conditions and Call Açores is available here. Rui Ferreira, Vice-President of Portugal Ventures says that “by launching this first edition of Call Açores, Portugal Ventures is very committed to boosting the development of the Autonomous Region of the Azores, helping to capitalise companies that are in line with the Region’s strategic interests and investing in an ecosystem with strong innovation potential, capable of being globally competitive”. For Ana Margarida Reis, Regional Director of DRAIC, “this launch aims to complement the several investment support programmes already available in the Region, offering a platform to support innovative projects in the early stages by acquiring a stake in their share capital and providing their management teams with specialised assistance from Portugal Ventures, which has a proven track record in this area”. About the Regional Directorate for the Support of Investment and Competitiveness: The Regional Directorate for the Support of Investment and Competitiveness (DRAIC) aims to support the design and implementation of policies to stimulate private investment to boost the competitiveness of Azorean businesses and to promote innovation, quality and entrepreneurship, as well as attract foreign investment.

The Call for Enterprise Deep Tech aims at providing venture capital financing to science and tech-based R&D projects Open to Portuguese incorporated companies in the startup, early stage and growth stages. Portugal Ventures is willing to invest between €250,000 and one million euros. Porto, 22 April 2021 – Portugal Ventures, part of the Banco Português de Fomento (BPF) Group, in partnership with Imprensa Nacional Casa da Moeda, is launching Call for Enterprise Deep Tech to invest in deep tech solutions, acquired by corporate clients, in the following verticals: Digital Identity Security Software Development Data Infrastructure DevOps With submissions open until 16 May, companies may submit solutions with an MVP (Minimum Viable Product), market feedback and some confirmed customers. Projects must be an original idea of and led by the founders, with the possibility of valuing and protecting theIntellectual Property. Applicant companies must be located in the Northern, Central and Alentejo regions of Portugal. Rui Ferreira, Vice-President of Portugal Ventures says that “with this Call, Portugal Ventures hopes to encourage entrepreneurs to create deep tech solutions that boost the digital growth of businesses through innovative solutions built on science and tech-based R&D”. João Pereira, Investment Director of Portugal Ventures’ Digital Division, notes that “we will be investing in opportunities for global, sophisticated corporate users, where the value proposition based on deep technology developed by the team is clear and relevant. Competitive solutions that are clearly sustainable will be prioritised, asserting their market differentiation. We believe that venture capital investment is essential to accelerating the potential global competitiveness of the teams and projects, sharing the risk, our experience and our business development platform”. One of the verticals this Call focuses on, digital identity, is a global trend and a major concern for Imprensa Nacional Casa da Moeda (INCM - Portuguese Mint and Official Printing Office), which aims to invest in new ideas and solutions that dematerialise citizen identity verification and authentication processes. For Gonçalo Caseiro, Chairman of the INCM Board of Directors, “as the future becomes increasingly digital and as economic activities shift to this new paradigm, the importance of identifying people, property, sensors and other attributes is obvious. Indeed, this vertical is vital because it is at the core of digital transformation, not only to minimise the damaging effects of cybercrime in today’s world, but also to give citizens back control over their own identity in the digital world. In a year of economic recovery such as 2021, exploring digital identity is an obligation and a commitment we make in the belief that, through research and development, we are contributing to the modernisation of society and towards a secure and sustainable digital transformation. On 28 April, at 3 p.m., Portugal Ventures and Imprensa Nacional Casa da Moeda will be holding a webinar on “Enterprise Deep Tech Solutions - Digital Identity: why innovative solutions are important for the dematerialisation of citizen identity verification and authentication processes”. Guest speakers include João Pereira (Investment Director, Digital Division) and Vitor Castro (Head of Digital Transformation at INCM).

40 startups offer solutions focused on decarbonisation and the circular economy, process sustainability and energy efficiency, identified under Call INNOV-ID; 3 startups resulting from Portugal Ventures’ core business activity, in the Engineering & Industry and Tourism sectors; These 43 operations correspond to a total investment of EUR 6.6 million. Porto, 8 April 2021 - Portugal Ventures is proud to announce that it is adding 43 new startups to its portfolio. These investments boost Portugal Ventures’ positioning as a leading authority in funding entrepreneurship, aligning the capital needs of Portuguese businesses with the government’s priority strategies to stimulate the national economy. Launched in May 2020, Call INNOV-ID, which has received 117 applications, has enabled investment in 40 companies in the pre-seed stage that offer promising science and tech-based solutions with an impact on decarbonisation and the circular economy, the streamlining and sustainability of processes, and energy efficiency. These investments correspond to a total amount of €4 million. At the end of 2020, an additional 3 investments in the seed phase with market traction were already in the pipeline: 2 projects resulting from the 3rd edition of Call Tourism (closed in January 2021) – Hostels Hub andMerytu – and 1 project in the Engineering & Industry sector in a follow-on investment – Cleanwatts. These investments correspond to a total amount of €2.6 million. Portugal Ventures has invested in Hostels Hub, a project that was already being followed by Portugal Ventures’ Tourism team over the past six months. The investment will accelerate the growth of Hostels Hub in the Iberian Peninsula, which already has six accommodation units in Lisbon, Peniche and Ericeira. It has also invested in Merytu, which has designed an innovative human resources app for the hotel and catering sector that connects professionals and businesses, enabling professional growth based on merit and performance. The startup has already partnered with Santander, Tranquilidade and Magnifinance. In the Engineering & Industry sector, Portugal Ventures has invested in Cleanwatts, a cleantech startup which designs digital platforms that simplify, broaden and accelerate energy decarbonisation. With this funding, the company will invest in a sales strategy to offer solutions worldwide and ensure the early entry into market of a groundbreaking solution for energy communities, protecting the associated IP. Portugal Ventures thus enters 2021 managing a portfolio of over 130 startups, 43 of which in the Digital sector, 49 in Engineering & Industry, 20 offering solutions in Life Sciences, and 26 in the Tourism industry. For Rui Ferreira, Vice-President of Portugal Ventures, “the addition of these 43 new startups to our portfolio is the result of our investment efforts in 2020 aimed at supporting businesses, amidst a pandemic, with significant international growth potential, many of which based on R&D solutions and have a genuine impact on the key sectors of the Portuguese economy, such as healthcare, biotechnology, information technologies, tourism and energy. These investments also significantly reinforce Portugal Ventures’ role in stimulating the Portuguese entrepreneurship ecosystem”. New investments under CALL INNOV-ID Ablute has developed an eco-toilet with a built-in urinalysis device and that cleans itself using very little water after each use. Designed for installation in both private and public spaces, the company’s target market is corporate customers offering public toilet facilities (e.g. shopping centres, hospitals). The device collects and tests urine samples and instantly transmits the results to the user or sends them to the physician for diagnosis. About Aqua Food produces organic Spiruline and promotes red swamp crayfish caught in the inland waters of Portugal. It sells the freshwater crustacean and Premium Spiruline for human consumption and for use in the food, pharmaceutical and cosmetics industries. Aqva More, developed by Aroundinspire, is a device that helps save water during the heating process. It is placed between the water heater and the tap. The device saves the cold water that is wasted before the water heats up, increases water pressure and uses very little energy, thus helping to ensure water efficiency in residential, commercial and service buildings. Users can monitor their water use and savings by installing the respective app. In October 2020, Aqva More was awarded the AQUA+ Prize “Technologies for monitoring and controlling water use: TECH AQUA+ network”, organised by ADENE (Portuguese Energy Agency), in collaboration with Planetiers. Bandora is a virtual facilities manager dedicated to the operation and maintenance of smart buildings. Bandora connects to any existing IoT system and uses artificial intelligence to support facilities managers in their decision making, providing continuous and real-time optimisation of the operation of service buildings and equipment, such as air conditioning and lighting. It helps ensure optimal comfort for a building’s occupants, while being energy efficient. Bandora also detects abnormal energy consumption to help reduce unexpected and costly downtime and avoid energy waste. Beeyard provides beekeepers with a suite of tools for the management and remote monitoring of beehives to help improve productivity and help reduce colony loss. The solution was awarded the EIC 2020 Seal of Excellence by the European Commission. BestHealth4U develops the innovative medical adhesive Bio2Skin, a glueless bioadhesive made of biomaterials. The adhesive uses the natural properties of the skin, achieving adhesion through water molecules, thus making it easier to apply and remove, safely and pain-free, with devices that need to be in contact with the skin. Bio2Skin has been awarded several Portuguese and international accolades, as well as the EIC Accelerator Seal of Approval by the European Commission. The company is currently developing a new product, Adhesiv.Ai, which uses artificial intelligence for remote monitoring of chronic wounds, without the need to remove the adhesive. Bioworld is dedicated to creating a biodegradable biopolymer using wastewater from the agri-food industry (non-toxic, organic waste) and other inorganic waste. The novel material will be used to produce new biodegradable packaging, marketed as a circular solution and an alternative to existing packaging. Ccrave is a content and e-commerce platform that promotes the circular economy. The online store regularly publishes educational content under three categories - fashion, decorating, and lifestyle - to inspire and encourage people to lead a [...]

Portugal Ventures will close 2020 with a total investment of €17.7 million, expecting to add an additional 59 startups to its portfolio; 12 investments made – – Barkyn, EatTasty, Fülhaus, HiJiify, Legal Vision, LiMM Therapeutics, Mindprober, Probely, Reatia, Redcatpig, Wide Ocean Retreat, and Algarve Sun Boat; Investment underway in 47 projects. Lisbon, 10 December 2020 – As a result of the pandemic crisis, and against an economic environment that discourages the creation of new businesses, plagued by financial uncertainty and less inclined to new investments, Portugal Ventures was called to intervene to help entrepreneurs and startups that suddenly saw their businesses stagnant. Through the three financing instruments it created – Call INNOV-ID, Call Fostering Innovation in Tourism and Operation Follow-ons – and in response to the measures launched by the government, thus far Portugal Ventures has invested in 12 new startups, with investment underway in 47 new projects. In light of the difficulties caused by the pandemic to micro and small enterprises, and aware of the ecosystem's needs, by launching Call INNOV-ID Portugal Ventures addressed a market failure by adapting its investment strategy to add to its portfolio pre-seed startups that are already developing their technology, but that are still in the prototype, proof of concept or product-market-fit validation phase. Given that the specific purpose of the Calls is to support startups and entrepreneurs to overcome the challenges brought on by the pandemic, the Ignition Partners Network and the Capital Partners Network joined forces to give impetus to the Callsand to identify mature, investment-ready projects and those that, given their potential for growth and ability to overcome the hardships of the pandemic, needed a capital injection to continue pursuing their business. In less than two months, more than 150 applications were received after the initiatives were launched, mobilising more than 36 Ignition Partners. The projects, created by Portuguese and foreign entrepreneurs, covered several sectors of activity and were submitted from all over the country, including the Islands. We have been working in close collaboration with our partners Agência Nacional de Inovação,Turismo de Portugal, Startup Portugal, INCM – Casa da moeda, IFD – Instituição Financeira de Desenvolvimento and PME Investimentos (the latter two incorporated into Banco Português de Fomento after a merger in early November ). Rui Ferreira, Executive Vice President of Portugal Ventures, says that “during a difficult period for the national economy, Portugal Ventures dug in and, together with its partners, responded to the needs of the ecosystem by implementing specific measures to support projects that, given their potential, saw their hopes for a global future dashed. We are in the process of adding 59 new companies to our portfolio, we followed on and provided additional funds to 14 companies that were already in our portfolio, and we identified and invested in good business projects whose funding rounds were postponed. These results, in a year as atypical as this one, show that Portugal Ventures is attuned, proactive and very close to an ecosystem that needs to stimulate projects that boost national competitiveness, that can be scaled and go global, and, above all, that have a distinctive impact on the global market”. New Investments To date, Portugal Ventures has invested a total of €7.3 million in 12 companies: Algarve Sun Boat, the first maritime tourism company in the Algarve to operate with a 100% eco-friendly, zero-carbon fleet of solar-powered vessels, operating along the Portimão-Silves coastline and preparing to expand operations to include the Barlavento region, between Benagil and Alvor. Barkyn, a pet subscription service that offers an integrated, remote personalised feeding and veterinary service, operating in Spain, Portugal and Italy, in a Series A co-investment with Indico Capital Partners, All Iron Ventures and the 200M Fund; EatTasty, a startup dedicated to cooking and delivering home-cooked lunches and dinners in the Greater Lisbon area and Almada, offering an online platform and free-of-charge delivery; Fülhaus, an interior design company that offers the Haus-in-a-Box solution under a monthly subscription model for the local lodging market; HiJiffy, an innovative solution that centralises, automates and measures all hotel customer service activities, integrating technology in a simple, reliable and robust platform used daily by more than 1,400 hotels in 30 countries; Legal Vision, a legaltech startup specialised in the digitalisation and automation of legal processes that offers an all-in-one solution with its LEGALVISIONPRO.FR software , in a Series A co-investment with French investors. This solution allows corporate legal professionals to manage, create, review, validate, and sign legal documents; LiMM Therapeutics, a bio-pharmaceutical company that develops therapeutic products for the treatment of inflammatory, metabolic and oncological disorders, in a co-investment transaction with Seventure Funds and the 200M Fund; Mindprober, the world's first biometric media testing platform that offers data on the emotional impact of television and other video content by capturing physiological reactions, in a co-investment transaction with Wisenext, Ideias Glaciares, Ganexa, Startup Braga, Medioris and Blue Mind Investment; Probably, which detects vulnerabilities and other security issues in web applications and APIs, in a co-investment transaction with EDP Ventures; Reatia, an innovative real estate metasearch platform that uses Artificial Intelligence to aggregate private and agency properties in one place, on which users can monitor the real estate market; in a co-investment transaction with Olisipo Way and Wisenext; Redcatpig, Portugal Ventures’ fifth investment in the Azores, is an Azorean startup that operates in the gaming market and develops Keo, one of the winning projects of the PlayStation Awards, in a co-investment transaction with Best Horizon and with support from IFD- Instituição Financeira de Desenvolvimento (incorporated into Portuguese development Banco Português de Fomento after a merger); Wide Ocean Retreat specialises in organising retreats around the world and is the first investment under the 2020 Call Fostering Innovation in Tourism edition. Projects with investment underway: 1 project in the tourism sector and 1 in the engineering and industry sector, corresponding to a total investment of€1.6 million; 44 projects under Call INNOV-ID, with signed term sheets, corresponding to a total investment of around €4.5million; 1 Project under Call Fostering Innovation in Tourism 2020, corresponding [...]

Historic milestone: PSA becomes first car manufacturer to enter the reusable parts market, strengthening its position in the circular economy; Portugal Ventures successfully exits with capital gains. Lisbon, 23 July 2020 – Portugal Ventures has announced that Groupe PSA, a French multinational that owns the Peugeot, Citroën, DS, Opel and Vauxhall brands, has acquired the majority of the share capital of B-Parts, making it the first car manufacturer to enter the used parts market. With this deal, Portugal Ventures accomplishes its mission as a venture capital firm that invests in technology based projects over time to help prepare them for the global market, making their business attractive to international market leaders. João Pereira, Investment Director of Portugal Ventures’ Digital Division, who has been working with the company since it was added to the firm's portfolio, states that “B-Parts has been part of our portfolio since 2014 and has since built a fast-growing business in international markets, with ambitious, well-defined and achievable goals. This is a historic moment, the first time a car manufacturer has acquired a company whose core business is the online sale of used parts. It validates Portugal Ventures’ investment strategy, which prioritises digitalisation, global ambition and the implementation of innovative business models, such as that followed in the circular economy. We are very proud to have worked with the team led by Luis Sousa Vieira and Manuel Araújo Monteiro until the exit to Group PSA”. Rui Ferreira, Vice President of Portugal Ventures, adds that “B-Part’s exit is in line with one of the three strategic goals set by Portugal Ventures’ current management team for its 2018-2020 term, aimed at setting the stage for divestment in its portfolio companies to generate attractive returns on the funds it manages and creating the conditions for liquidation of end-of-life funds for the various participants, based on the nature and specific characteristics of their business.” According to Luis Sousa Vieira and Manuel Araújo Monteiro, Directors of B-Parts, “In 2014, Portugal Ventures and Indexignition acquired part of the company’s share capital to help it become market leader in the online sale of reusable auto parts. This kicked off a 6-year marathon marked by strong continuous growth, which was consistently above triple-digits every year, and a significant export component of 70%. The majority acquisition by Groupe PSA is without doubt a historic milestone for the automotive group and recognition of the work carried out by everyone on the team. The B-Parts team followed developments in the auto reuse parts sector, establishing partnerships with scrapping centres in five European countries and thereby making its parts available in an organised and proactive manner in more than 65 countries, with a significant presence in the European market, in the B2B and B2C channel. PSA’s acquisition won’t change the company's operational dynamic and culture”. Christophe Musy, Senior Vice President of PSA Aftermarket states that “our strategy is to meet the after-sales expectations of all our customers worldwide, irrespective of their purchasing power, or the make or age of their vehicle. This investment allows us to enter the heart of the reusable parts value chain, which is one of the three pillars of supply in the circular economy. It also strengthens our global offensive, designed to help us become market leaders in the reman, repair and reuse parts segments so that we can effectively meet the needs of customers looking for a cost-effective and sustainable offer all around the world. Groupe PSA is fully committed to reducing its carbon footprint, including when it comes to vehicle maintenance”.

Lisbon, 16 June 2020 –  As part of a set of measures put in place by the Portuguese government, and in close collaboration with its partners, Portugal Ventures launched three financing instruments to help Portuguese startups and the entrepreneurship ecosystem counter the impact of the COVID-19 pandemic. The new investments are expected to be finalised by the end of July. The ecosystem’s response to these initiatives resulted in: Call INNOV-ID – 117 applications submitted in just one month. Applications were submitted in a joint effort between entrepreneurs and the members of the Portugal Ventures Ignition Partners Network, with 36 Incubators, Accelerators, Universities, Clusters, R&D Centres and Interface Centres from across the country, including Madeira and the Azores. Portugal Ventures’ goal is to bridge the gap between the national ecosystem and all active agents who are supporting and working with entrepreneurs in these exceptional times, and its mission has borne fruit. Two applications were submitted from the Azores, 1 from Madeira, 28 from the North of Portugal, 35 from Lisbon, 2 from the Alentejo region and 1 from the Algarve. But the greatest response came from the Central region, with a total of 48 applications submitted. The entrepreneur profile varies, with 90 of the 117 applications submitted by local entrepreneurs and the remainder by those of Brazilian, British, French, Iranian, Italian, Mexican, Spanish and American and other nationalities. The age group of the promoters also varies. Fifty-six are aged between 31 and 40, and only 9 are younger than 26, while 15 entrepreneurs are older than 50. Portugal Ventures hopes to invest in up to 40 projects under Call INNOV-ID. Call INNOV-ID aims at investing in science and tech-based projects or companies with a proven direct or indirect impact on decarbonization of the economy, on process, product and material sustainability, on greater energy efficiency and sustainability or on boosting the circular economy. Call FIT – 30 applications were submitted by finalists of the Fostering Innovation in Tourism Acceleration Programmes, 24 focusing on Tech Tourism and 6 on Non-Tech Tourism. Most of the applications sent in to Call FIT were submitted by the finalists of the Tourism Explorers Programme, Madeira Startup Retreat and Fab Tur - Rumo ao Turismo 4.0, totalling 19 applications. Projects submitted to this call were received from 18 Portuguese entrepreneurs and 12 Brazilian entrepreneurs, with the remaining 4 projects sent in from countries such as the USA, Bulgaria, India, Italy and Russia. Call FIT seeks to invest in the finalist tourism projects of the Fostering Innovation in Tourism Acceleration Programmes in the pre-seed phases, non-tech and tech. Call FIT aims to bridge the financing gap that startups find after the programmes have ended, giving impetus to innovative tourism-based projects and stimulating the entrepreneurship ecosystem by supporting the development of ideas and business models that offer new solutions for the Tourism sector. Operation Follow-Ons – 14 projects have been selected for another round of investment, which is being coordinated with Portugal Ventures’ Capital Partners Network. Together with its Capital Partners, Portugal Ventures identifies startups that, due to their potential for growth and ability to overcome the setbacks caused by the pandemic, need follow-ons to continue pursuing their business activities. No applications were received from the entrepreneur community under this initiative.  According to Rui Ferreira, Vice President of Portugal Ventures, “We are very pleased with how well the ecosystem has embraced the initiatives launched by Portugal Ventures in just under two months. We received applications from 161 resilient entrepreneurs who hope to leverage their businesses in these exceptional times. Portugal Ventures will fulfil its mission by investing in projects that will improve national competitiveness and help recover the Portuguese economy, but that also have the potential to go global by offering unique solutions to fill market gaps”.

Call INNOV-ID (referred to as “Mezzanine funding for Startups” in the “relief measures for startups” announced by the Ministry of the Economy and Digital Transition) – with investment tickets of between €50,000 and €100,000, aims at investing in science and tech-based projects or companies in the pre-seed, seed or early stages that have developed technology, but are still in the prototype, proof of concept or in product-market-fit validation stage. The Call has a total of €10 million to invest. Call FIT – with investment tickets of up to €100,000, is for the 2019/2020 finalists of the Fostering Innovation in Tourism Programme promoted by Turismo de Portugal and has a total of €600,000 available for investment; Operation Follow-Ons (referred to as “Instrument Covid-19 - Portugal Ventures” in the “relief measures for startups” announced by the Ministry of the Economy and Digital Transition) – to be carried out together with Portugal Ventures’ Capital Partners Network, aims at shoring up the capital of startups already backed by other investors, with a total of €3 million available for those in the Digital, Engineering & Manufacturing and Life Sciences sectors, and a total of €4.4 million for Tourism startups; Lisbon, 4 May 2020 – As part of a set of measures launched by the Government, and in close collaboration with its partners, Portugal Ventures has been preparing a number of financing instruments to help Portuguese startups and the entrepreneurial ecosystem regain their footing in the wake of the COVID-19 pandemic. The three instruments available are: Call INNOV-ID – in partnership with ANI - National Innovation Agency, PME Investimentos and Startup Portugal, which will run from 4 May to 5 June 2020. This initiative is for companies incorporated no more than 8 years ago, or those yet to be incorporated, with their registered office on mainland Portugal, in the Autonomous Regions of the Azores or in Madeira. For projects promoted by already incorporated tech-based companies to be eligible for the Call, the companies must: mandatorily be registered with Startup Hub, an online community-oriented platform managed by Startup Portugal and the National Incubator Network; and fulfil at least one of the following criteria: (i) be the result of a scientific, technology or academic research and development programme carried out within higher education institutions or technology centres, (ii) be incubated in tech-based Incubators or incubators linked to higher education institutions or technology centres, (iii) employ or be promoted by highly skilled human resources and will maintain or create highly qualified employment, (iv) be recognised as “technology companies” by ANI or be beneficiaries of the incentives it manages; For projects promoted by companies that are yet to be incorporated to be eligible for the Call, the companies must mandatorily be incubated in one of the entities that are part of the National Incubator Network or associated with one of the partners in Portugal Ventures’ Ignition Partners Network, and must also fulfil at least one of the criteria listed under (b) above stipulated for incorporated companies. Call FIT – the 2nd edition of the Call was launched in partnership with Turismo de Portugal and NEST, and runs until 21 May. This initiative seeks to invest in the finalist tourism projects of the Fostering Innovation in Tourism Acceleration Programme that are in the pre-seed, non-tech and tech stages. Call FIT aims to bridge the financing gap that startups find after the programmes have ended, giving impetus to innovative tourism-based projects and stimulating the entrepreneurial ecosystem by supporting the development of ideas and business models that offer new solutions for the Tourism sector. Portugal Ventures invested in 3 projects in the 1st edition of Call FIT: Bag4Days, Classihy and Sailside, investing a total of €372 thousand. Operation Follow-Ons – Portugal Ventures has been working on this operation since the beginning of April, in partnership with IFD, INCM and Turismo de Portugal. Together with our Capital Partners, we identify startups that, due to their potential for growth and ability to overcome the setbacks caused by the pandemic, require follow-on investments to continue pursuing their business activities. This initiative is not open to the entrepreneurial community as it is reserved for subsequent investments with our capital partners network. For Rui Ferreira, Vice-President of Portugal Ventures, “the initiatives we are now launching to implement the measures announced by the Government once again highlight the role Portugal Ventures plays in the entrepreneurial ecosystem. We must be the catalyst for projects and companies that boost the national economy and, in these exceptional times, contribute to economic recovery, thereby anchoring Portugal as a benchmark for innovation and technology”.

4 new investments in digital and 2 in tourism; Six investments corresponding to a total of EUR 3.7 million; In 2019, we invested EUR 15.6 million in 28 new startups. Lisbon, 12 December 2019 - Portugal Ventures has invested in six new startups - Didimo, Digital Manager Guru, Doppio, LUGGit, Mercadão and Refundit, as a result of submissions to Call MVP and Call Tourism, corresponding to a total investment of EUR 3.7 million. 2019 has undoubtedly been an important year for Portugal Ventures, which saw a record number of companies and investments, translated into 28 startups and EUR 15.6 million invested. Investment in each of the areas was distributed as follows: Digital: 8 new companies; EUR 4.7 million; 33 startups in the portfolio. Engineering & Manufacturing: 6 new companies; EUR 3.1 million; 29 startups in the portfolio. Life Sciences: 2 new companies; EUR 2.4 million; 16 startups in the portfolio. Tourism: 12 new companies; EUR 5.4 million; 22 startups in the portfolio. This portfolio growth reflects how entrepreneurs have embraced our initiatives, and how we have strengthened our ties to the ecosystem by bolstering our partner networks – Ignition Partner Network (IPN) and Ignition Capital Network (ICN) – which bridge the gap with entrepreneurs, actively contributing to the stimulation and growth of the Portuguese entrepreneurship ecosystem. Rui Ferreira, Executive Vice President of Portugal Ventures, stresses that “bolstering our IPN and ICN partner networks was crucial to our market return strategy and, so, we would like to thank all our partners who actively shared our initiatives and sought deal flows. We would also like to thank the co-investors who participated in some of the investments made. The growth of our portfolio brings added responsibility and, to this end, in 2020 we will continue to actively engage with the ecosystem and also work more closely with and monitor the companies in which we invest, demanding rigour and transparency to achieve the proposed goals, and contribute to the success of our startups.” Submissions are currently open for thematic calls Call Blue Economy, Call Green Economy, Call AgroTech BioEconomy and Call Tourism, and run until 31 December. Brief overview of the new startups Didimo is a spin-off from the University of Porto led by Veronica Orvalho. It develops a technology that allows you to create hi-fidelity digital humans in just 30 seconds from a photograph or scan using your smartphone. This technology adds realism to virtual interactions with the aim of humanizing digital interactions. Bynd Venture Capital co-invested in the operation. Digital Manager Guru, led by André Cruz, is a simple and powerful platform for those who sell or want to sell over the internet. By interacting with the leading operators in each vertical position of e-commerce (acquisition, relationship, sales and management), Guru customers can convert up to 500% more sales than with traditional e-commerce. The management team is from Brazil and they are based in Santarém. Doppio Games was founded in 2018 by Jeferson Valadares and Chris Barnes. The studio specialises in voice-controlled games. Its first game, The Vortex, is a sci-fi thriller and its newly released game, “The 3% Challenge”, is a prequel to the Netflix Original Series “3%”, developed in collaboration with Netflix and the series’ leading lady, Bianca Comparato.  Both games are available on Amazon Alexa and Google Assistant. The Amazon Alexa Fund, the Google Assistant Investment Program and Busy Angels co-invested in the operation. LUGGit, founded by Ricardo Figueiredo, Diogo Correia, João Pedrosa and Hugo Fonseca, is a technology platform that allows travellers, using a mobile app (available for iOS and Android), to make a real-time request for someone to collect their luggage, store it and deliver it to the place and at the time they indicate. Mercadão, led by Gonçalo Soares da Costa, is the first on-demand marketplace in Portugal, with deliveries made in 2-hour slots and real-time tracking of orders. Partner stores include leading retailers such as Pingo Doce and The Body Shop, and same-day deliveries are available in the Lisbon and Porto metropolitan areas. The app is now also available to multiple Portuguese district capitals. Speedy delivery is possible thanks to the platform’s exclusive technology and an innovative logistics model, backed by a large team of personal shoppers. Refundit, led by Ziv Tirosh is a VAT refund platform for non-EU citizens that simplifies and digitises the current process, doing away with paperwork and lines and, thereby benefiting holidaymakers and governments. In January 2019, Refundit won the first edition of the Start-up Competition held by the UN World Tourism Organisation. Portugal Ventures was part of the jury panel. Amadeus Ventures co-invested in this operation.

The 3 new startups invested in will help boost the competitiveness of the region; Cereal Games and Yara Pets received investment through the Azores Ventures Fund, which strengthened its commitment to entrepreneurship in the Azores; Azores Touch received investment through Portugal Ventures’ Turismo Crescimento VCF, denoting the growth of tourism in the region; Lisbon, 22 November 2019 – Portugal Ventures has strengthened its commitment to entrepreneurship in the Autonomous Region of the Azores by investing in three new startups – Azores Touch, Cereal Games and Yara Pets, corresponding to a total investment of EUR 800 thousand. The Azores Ventures Fund, which is co-funded by the Regional Government of the Azores, aims at filling the market gap in the Azores by giving impetus to innovation and entrepreneurship projects, as well as boosting job creation and the competitiveness of businesses in the archipelago. The Fund was created by Portugal Ventures, in partnership with the Regional Government of the Azores and the Azores Business Development Society (SDEA), and has already invested in two startups since being established. It now adds two more startups to its portfolio - Cereal Games and Yara Pets. For Sérgio Ávila, vice-president of the Regional Government, “the policy of successively investing in startups based in the Azores, through specialised venture capital entities, shows that the Azores entrepreneurial ecosystem and our entrepreneurs are growing, and are leveraging the new financial instruments available. Leveraging venture capital in startups today is key to attracting investment because the world economy is changing, and we have to adapt. The government will always support entrepreneurs. I wish both companies every success and hope they continue to believe in the favourable environment we have created in the Azores for business development." Portugal Ventures also added to its portfolio in Portugal's most dynamic economic sector, tourism, by investing in Azores Touch, through its Turismo Crescimento Venture Capital Fund. This investment also reflects the increase in the indicators of demand for the Azores region as a tourist destination, encouraging the emergence of more innovative projects for the sector. Rui Ferreira, Executive Vice President of Portugal Ventures, says that “these new investments are the result of Portugal Ventures’ commitment to the Regional Government of the Azores to strengthen ties with the archipelago's entrepreneurial ecosystem, to identify projects and invest in the creation of innovative companies in the Autonomous Region of the Azores that create jobs for qualified human resources and are considered strategic for regional economic development”. These three investments,  in projects that will most certainly affect change in the region, are the result of the work Portugal Ventures has been carrying out in close cooperation with all its regional partners. The investment in Azores Touch demonstrates the synergies Portugal Ventures creates as the managing body of sectoral and regional venture capital funds, and reinforces our strategy for projects in the Tourism sector, which is aligned with the government’s priorities, thereby boosting Portugal’s position as Europe and the world’s most attractive tourist destination. Brief description of the new startups invested in as a result of Call Azores: Azores Touch, founded in 2016 by Sérgio Cota, aims at offering the best experience possible to those who visit Terceira and Graciosa islands, from the moment they arrive and until they leave. Its mission is to facilitate access to all services and activities available on the islands, providing unforgettable experiences for holidaymakers by offering contact with nature, culture, history and the locals. Cereal Games was founded in 2014 by Lazarus Raposo. The company specialises mainly in the development of serious and educational games. It has developed several games using technologies such Augmented Reality, mobile devices and the Internet of Things (IoT) to meet the demand of local authorities, schools, museums and scientific observation centres in the region. Yara Pets, led by Dúnio Couto, is a business that develops and markets innovative and patentable products for commercialisation in the domestic animals sector. It is currently focusing on an innovative and patented (Europe and USA) sand box for cats.

Call Fostering Innovation in Tourism (FIT) has led to investment in 3 new startups that were finalists in the Turismo de Portugal acceleration programmes. Two startups and EUR 1 million in investment were the result of the Call Tourism initiative, which runs until 31 December. So far, in 2019 Portugal Ventures has invested EUR 11.8 million in 21 startups. Lisbon, 14 October 2019 – Portugal Ventures has added 5 new startups to its Tourism portfolio – Bag4Days, Classihy, Sailside, Try Portugal and X-Plora, corresponding to a total of EUR 1.3 million in investment. In June, Portugal Ventures, together with Turismo de Portugal and Nest – Centre for Innovation in Tourism, launched Call Fostering Innovation in Tourism to address the gap in the market for the financing of tourism projects in the pre-seed stage which, given their characteristics and associated high risk, find it more difficult to access financing. This initiative saw the submission of the finalist projects from the Turismo de Portugal Fostering Innovation in Tourism acceleration programmes, which closed in 2017 and 2018. As a result of Call FIT, Portugal Ventures invested in Bag4Days, Classihy and Sailside. In 2020, the 2nd edition of the call will be launched, to which the finalist projects from the 2019/2020 Turismo de Portugal acceleration programmes can be submitted. Call Tourism led to new investments by Portugal Ventures in Try Portugal and X-Plora, thus increasing the number of companies in its tourism portfolio to twenty. As Tourism is Portugal's most dynamic economic sector, Portugal Ventures, together with its partner and shareholder Turismo de Portugal, is thus boosting investment in the sector by creating more opportunities to improve conditions and experiences for holiday makers who visit the country. These investments also reflect an effort to address the market gap to support finalist projects of the acceleration programmes, which benefits the sector. For Pedro de Mello Breyner, Executive Board Member of Portugal Ventures, who heads up the Tourism division “The fruits of the work we’ve done with Turismo de Portugal can be seen with our growing portfolio, which includes startups and projects that will help promote the sector. The companies incorporated as a result of the FIT programme also show our commitment to addressing the lack of investment in pre-seed projects, which gives us the opportunity to help position Portugal as a benchmark hub for innovation, entrepreneurship and the production of goods and services for the tourism sector. Portugal Ventures intends to invest more in the Tourism sector to help foster innovation, entrepreneurship and the internationalisation of companies, to boost investment. Portugal Ventures currently has four open calls for innovative science and tech-based projects in the blue economy, circular economy and energy and AgroTech  sectors. These calls aim at addressing the market gap and leveraging solutions for environmental and social problems. As for tourism, the aim is to boost Portugal's most dynamic economic sector. The deadline for submissions to these Calls will be extended to 31 December. Brief description of the new startups resulting from Call Fostering Innovation in Tourism Bag4days led by Rúben Marques, is a pioneering company in Portugal when it comes to luggage rental. It allows travellers to rent high-quality luggage easily, quickly and effectively and at an affordable price. Luggage can be collected from or delivered to any address in Europe indicated by the customer. It encourages the sustainable use of resources by sharing durable goods, thus contributing to environmental sustainability. Classihy is a platform that helps hotel/restaurant managers to manage staff based on the skills needed for each job. Led by Ariane de Melo, Classihy reinvents today’s performance rating systems, creating a community and a smart, revolutionary and real-time performance tool that is of value to everyone. Sailside is a marketplace  for renting boats that is revolutionising how people interact with the sailing industry. Led by João Vilas Boas the company operates in Portugal, Spain, Brazil and the United Arab Emirates. Brief description of the new startups resulting from Call Tourism Try Portugal, led by Catherine de Freitas and with registered office in Fundão, is a tour platform and operator that offers personalised active tourism, cultural and sports packages and experiences to discover Portugal's natural and cultural heritage. Focusing mainly on inland Portugal, it offers international tour operators themed programmes, accommodation options and distinct events. X-Plora is an app that guides users through museums, monuments, castles and even cities, offering an immersive and interactive experience using contextualized content: virtual and augmented reality, 360° videos, binaural sound and other features. Led by Mafalda Ricca, the startup aims at enriching the experience of visitors, offering what could be described as "the evolution of the audio guide”.

Portugal Ventures launches three themed Calls: Blue Economy, Green Economy, AgroTech BioEconomy; Themed calls fill market gap and leverage solutions that tackle environmental and social problems; In line with the economic development strategy of these sectors, facilitating additional complementary financing Lisbon, 9 August 2019– Portugal Ventures has launched a new challenge for entrepreneurs to submit innovative science and tech-based projects in the Blue Economy, Circular Economy, Energy and AgroTech sectors. Submissions run until 31 October. The Call Blue Economy is launched in partnership with Fundo Azul, thus allowing funding from Portugal  Ventures to be complemented with refundable credit from Fundo Azul. The Call Green Economy and Call AgroTech also take Portugal's environmental, energy transition, agriculture, forestry and rural development priorities into account. For Rita Marques, CEO of Portugal Ventures, “Collaboration with the public bodies in these sectors in Portugal is aligned with the government’s priorities when it comes to seeking synergies between the various government bodies to complement the financing options they each offer, thus filling the existing market gap in aid and investment for projects in these specific areas.In the future, our goal is to create specific venture capital funds for these areas, thereby increasing the number of opportunities and enhancing Portugal's position in solving environmental and social issues”.

8 new startups and EUR 5 million in investment as a result of Call MVP. 2 startups in the Digital sector, 4 in the Engineering and Manufacturing sector and 2 in Life Sciences. 3 investments with Portuguese and international co-investment. Lisbon, 10 July 2019 – Portugal Ventures adds 8 new startups to its portfolio: Azitek, Beamian, CellmAbs, Chemitek,Fyde, Lovys, Noocityand TargTex, which represent a total of over EUR 5 million in investment made in partnership with our Ignition Capital Network and international investors, who co-invested an additional EUR 2.8 million. Investments were also made in startups from the Tourism sector via Call Tourism announced on 6 June – Oliófora, XLR8,Homeitand TripWix, and in Advertio, disclosed on 5 February, and in Agrimarketplaceon 2 April, both as a result of 2018 editions of Call MVP. We thus close the first half of 2019 with 14 investments made, totalling EUR 9 million. With these investments Portugal Ventures adds to its portfolio a group of companies that bring important synergies in experience and knowledge sharing, and business opportunities for companies that are already part of the portfolio. These investments are the result of the two editions held of Call MVP, launched in July 2018, which is currently accepting open-ended submissions, with entrepreneurs able to submit their projects at any time. Call MVP addresses a gap in the market in access to venture capital investment for innovative ideas, technologies, products or services that offer a Minimum Viable Product for the global market. One hundred and seventy-one applications have been submitted to the call thus far. CEO Rita Marques says that “these new investments show how important Portugal Ventures is in stimulating the market together with other co-investment partners. Several projects were submitted from the various areas in which Portugal Ventures operates – Life Sciences, Digital, Engineering & Manufacturing – with significant potential and teams that have specialised know-how that enable us to look to the future with confidence. Ending the first half of the year with this volume of investment is also a testament to the effort made by everyone at Portugal Ventures and the result of the work we have been doing since May 2018.  We’d like to welcome the new startups in our portfolio to the Portugal Ventures community!”. The investment in Azitek, Beamian, CellmAbs, Chemitek, Noocity and TargTex were made through the venture capital fund managed by Portugal Ventures, co-financed by the European Union through the Equity and Quasi Equity Fund managed by IFD (Instituição Financeira de Desenvolvimento, S.A.), through funding from the European Regional Development Fund (ERDF), via Portugal2020 and COMPETE  2020. Brief overview of the 8 new startups: Azitek has designed a low-cost indoor and outdoor geolocation solution for theautomotive industry, airports and seaports. Based on proprietary RFID technology,  the solution digitizes and locates high-value assets in large complexes and, through a platform, analyzes data and manages automated warnings, thereby optimizing resource management. The company currently operates in the car distribution centre and dealership market, with a potential 100 thousand customers in Europe and America. The investment from Portugal Ventures will help the team led by José Valente and Rui Gomes bring in new talent to the R&D  department and to expand to new verticals, such as seaports and airports. Beamian offers a complete all-in-one events management solution comprising two major components: a cloud platform (that enables organisers to create and manage all tasks related to an event) and physical identifiers: smart badges (that identify visitors) and beamers (IoT devices that identify sites, brands and exhibitors) used during the event and which record all interactions between attendees, brands and exhibitors. The potential of the EMS (Event Management Software) market is valued at an estimated EUR 7 million and grows more than 11% per year. With the funds from Portugal Ventures, Sérgio Pinto, Sérgio Alves and the beamian team hope to accelerate their internationalization process and expand to the European market. CellmAbs, a spinoff from Lisbon NOVA University, offers an innovative immuno-oncology technology. It develops a new class of immunotherapies to treat solid tumours, particularly in the approach to pancreatic cancer, colorectal cancer, bladder cancer, stomach cancer, breast cancer and other cancers. The technology developed by Nuno Prego Ramos, Paula Videira and their team is one of the most recent advancements in the field of oncology and glycobiology in the world. They will use the investment from Portugal ventures to kick-off two development programmes for innovative and personalised treatments, with pre-clinical trials scheduled to start in 18 months. ChemiTek offers innovative solutions for the maintenance and protection of different materials, namely solar panels and windows, keeping them clean for longer. Today, 70 thousand solar panels are installed an hour across the globe and this is the target-market for the company led by César Martins, whose technology reduces accumulated dirt from the glass and thus increases the energy produced by solar panels. The windows market is another vertical, where cleaning costs are high and Chemitek's product helps cut costs and save on the required infrastructures. The investment from Portugal Ventures, in co-investment with SBS Startup Braga, BrainCapital and Nelp Five, will give ChemiTek the means and human resources to enable its internationalization. Founded in 2017, Fyde is a cybersecurity company based in Palo Alto, California. Its goal is to protect remote access to enterprise information systems based on the Zero Trust Security model to mitigate security risks associated with traditional VPN access. Led by Sinan Eren, the product is developed in Porto, Portugal, by a team of 20 employees.  Portugal Ventures’ investment, in co-investment with Bright Pixel, Wells Fargo, DNX Ventures and Vertex Ventures, will help build engineering, product and sales capacity in Portugal and thus decisively contribute to the company’s sustainable growth. Founded by João Cardoso in 2017, Lovys aims to revolutionize the insurance market. Based in Leiria, it set its sights on France as its first market, where it identified an opportunity in the consumers’ lack of confidence in insurance companies and the sector's lack of digitization in the country. Lovys offers a 100% digital solution and can aggregate multiple insurance subscription [...]

Submissions to the Call for Tourism are now open; Portugal Ventures invests in 4 new startups in the Tourism sector: Oliófora, XLR8, Homeit and Tripwix; Applications can be submitted until 16 September via portugalventures.pt; Lisbon, 6th June 2019– Portugal Ventures invests EUR 3 million in 4 new startups - Oliófora,XLR8, Homeit and Tripwix- as a result of the first edition of the Call for Tourism. OLIÓFORAis a small industrial company which extracts high-quality cold pressed vegetable oils and manufactures natural cosmetics by combing these oils with herbal extracts, algae and flower essence. Their products are primarily for the hotel industry, SPAs and wellness centres, and for sale to the public. Its target-market are boutique hotels, luxury eco-resorts and small hotel chains. The company’s products are already available in hotels and SPAs in Douro, the Algarve and Lisbon. The team, led by Daria Maximova, will use the funds received from Portugal Ventures to expand and take Oliófora beyond borders to Europe, the Middle East and Asia. To this end, priorities are acquiring equipment to help increase production capacity, designing eco-friendly packaging and developing an exclusive product for customers who are looking for something different. The investment will also be used to participate in professional trade shows, marketing and to establish strategic partnerships. Founded in 2015,XLR8has designed its Revenue Management System, a software program used to predict daily, monthly and yearly occupation for hotels, with tools and reports that help optimise rates and the number of rooms available, while maximising revenue growth.It provides a clear picture of current and future sales, based on historical data and forecasts (using Artificial Intelligence), which hotels can then use to analyse market behaviour patterns and take timely action to improve their resultsin the short, medium and long term. With a market potential of over EUR 3 billion in Europe comprising more than 610 thousand hotels, the company’s CEO José Almeidais planning to use the investment from Portugal Ventures to kick-off its internationalization and product development process by recruiting more members for its programming and Artificial Intelligence teams. Access to properties is one of the biggest headaches for local lodging owners and guests, as adjusting schedules can often be difficult. Homeit, led by André Roque, offers a smart lock that opens doors using a code created by the owner or via an app, thus bypassing the need for a regular key. Property owners can, therefore, create personal keys for their guests/holiday makers, staff and maintenance crews remotely and online. Europe currently has a market of 5 million local lodging establishments and Homeit is present in 15 countries, with almost 2,000 active boxes. Since launching, it has already opened 3 million doors. Portugal Ventures’ investment will be used for product development and continued global expansion. Tripwix is a luxury travel brand for demanding customers. It operates as an online travel agency where all establishments are kept to the highest standards of curatorship. Homes are personally inspected by Tripwix interior designers, thus guaranteeing customer satisfaction. Short-term rentals have been on the rise, as have the demands of customers who are looking for unique family experiences, and currently represent a US$57-billion market worldwide. The investment from Portugal Ventures will be used to recruit more members for the team led byJosé Murta, in the sales, technology and marketing divisions, to boost demand for this type of product and offer other dream destinations. Tripwix is currently operating in Portugal, Mexico, Spain, Italy and Turkey. In addition to these 4 new investments, promising negotiations are also underway with the founders of an additional 8 projects. In this Call for Tourism, Portugal Ventures has a new faster and more simplified assessment process: 15 days following submission, founders are invited to pitch their projects to an assessment panel which, in turn, will have 15 days to decide whether or not to make an investment proposal. As announced by the Secretary of State for Tourism at the Thinking of Innovation in Tourism Conference held by NEST (Tourism Innovation Center), the Call for Tourismis aimed at tourism (tech-based or not) that helps achieve strategic tourism development goals in Portugal, whether as regards sustainability or extending the tourism season year round and across the country.Submissions run until 16 September. Projects should be promoted by already incorporated companies or companies that are to be incorporated, located in Portugal (mainland or islands), in the seed, startup or early stage, which have been operating for less than seven full financial years since the commencement of activity at the time of investment. Tech-based projects must have a prototype, with market validation and, preferably, some confirmed customers. Non-tech-based projects must ensure that any mandatory licensing procedures have been completed by the time applications are submitted to Portugal Ventures.

Porto, 2 April 2019 – Portugal Ventures has announced it has invested EUR 600 thousand in Agri Marketplace. It is the venture capital firm's 4th investment this year under the Call for MVP, an initiative that was launched in Q4 2018 and which has seen 156 applications submitted by early stage startups. Agri Marketplace is a global digital platform that puts farmers and producer organisations directly into contact with their agro-industry customers, cutting out the middleman in the value chain and ensuring greater transparency, fair trade and easier access to the global market. The platform’s sale, marketing, logistics and quality inspection features make it easier to sell and buy agricultural products. In addition to providing current information on the market and access to added value services, Agri Marketplace opens the doors to a truly global market for agro-industry producers and buyers, with direct transactions and payments that are 100% secure. By cutting costs associated with traditional intermediation, Agri Marketplace has positioned itself as an alternative for boosting agri-business and has already hosted over EUR 5 million in online transactions. The marketplace is currently focused on growing its business in Portugal, Spain, France and Italy, where it already offers cereals (maize, barley, rice and wheat) and dried fruit (almonds, pistachios, hazelnuts and walnuts), varieties that account for a transaction volume of over EUR 50 billion in the European market. In 2019, and with Portugal Ventures’ investment, the company will bolster its internationalisation and expansion in Europe and in the United States, particularly in California. With this investment, the company will also be recruiting new sales teams in the target markets and advancing the technological development of its platform. As with the previous 3 investments Portugal Ventures made, the transaction with Agri Marketplace favoured syndication of the investment, in this instance, with an international investment fund - Portinvest. Agri Marketplace was founded by two farmers Filipe Núncio and Tiago Pessoa - who have over 20 years’ experience in the agricultural sector, together with two other founders José Magalhães and Luís Silva – who have complementary consolidated management, finance and IT experience. The startup, based in Alcácer do Sal, recently set up shop at Taguspark Incubator, a Portugal Ventures Ignition Partner near the Taguspark science and technology park in Oeiras, Lisbon. It believes that the incubator offers the ideal conditions for it to establish new tech partnerships and synergies with other companies that have also found a home there. Announcement of its investment in Agri Marketplace is the first step in launching a new Call that Portugal Ventures is preparing to open at the beginning of May – the Call for Agrotech Economy –, through which it aims to invest up to EUR 1 million in each project offering highly innovative technology (hardware and software) and products that improve the efficiency and productivity of agricultural and livestock production activities and of agro-industry. Forest protection and management, irrigation and water optimisation, sustainable food, precision agriculture, organic farming, organic livestock production, plant protection and phytochemistry, genetic engineering and biotechnology are areas where venture capital is lacking and where innovative solutions are needed to foster competitiveness in the value chains and to stimulate economic growth. Tiago Pessoa, CEO of Agri Marketplace, says that “with this investment, we will bolster Agri Marketplace's presence in the target markets, by reinforcing our teams, differentiating our offering, by focusing on the continuous technological development of our platform, designing new features that will benefit our customers and attracting new markets and users". For Portugal Ventures’ CEO Rita Marques “investment in Agri Marketplace and its founders team furthers the strategy that Portugal Ventures has outlined to generate specialised deal flow. With the Call for Agrotech Economy, we plan to invest EUR 2.5 million in the future of agriculture, fishing and livestock production. The investment in AgriMarketplace was made through the venture capital fund managed by Portugal Ventures, co-financed by the European Union through the Equity and Quasi Equity Fund managed by IFD (Instituição Financeira de Desenvolvimento, S.A.), through funding from the European Regional Development Fund (ERDF), via Portugal2020 and the Operational Programme for the Alentejo Region. About Portugal Ventures: Portugal Ventures is a state-owned venture capital firm that invests in startups with global ambition. We invest in Portuguese startups that have registered offices or business in Portugal, in the seed or early stages, operating in the Digital, Engineering & Manufacturing, Life Sciences and Tourism sectors. We have invested EUR 120 million in more than 100 new companies since 2012 and we currently manage an investment portfolio of EUR 200 million. About Agri Marketplace: Agri Marketplace is a tech-based startup linked to the agricultural, agtech and foodtech sectors that puts farmers and producer organisations directly into contact with their agro-industry customers, promoting transparency, fair trade and greater redistribution of value in the agri-food chain. Founded in September 2016 by 4 founding partners, the company rolled out its online technology solution in 2017 and has already hosted more than EUR 5 million in transactions involving agricultural products in the various markets in which it operates. For more information: Helena.taveira@portugalventures.pt

Shiptimize and Advertio deliver tech-based solutions for eCommerce and Advertising; Logical Safety has designed an IoT platform for Health and Safety at Work; Syndication with co-investors, Portugal Ventures’ preferred investment strategy Porto, 5 February 2019 – Portugal Ventures has announced investment in 3 new startups as a result of the 1st Edition of its Call for MVP. The startups, which operate in the IoT, eCommerce and Advertising sectors, have their sights set on becoming leading companies in the global market and are the first three to be backed this year. New investments are expected to be made until the end of Q1 2019. The Call for MVP was created to address a gap Portugal Ventures identified in investment in early stage startups with prototypes, but very little market traction. The Call for MVP invites entrepreneurs to submit science and tech-based projects with the minimum features required to enter a market. More than 240 projects were registered on the applications platform for the 1st edition of the Call for MVP. Ninety-seven projects were submitted and assessed by the Portugal Ventures team, some of which are still in the final assessment stage, a process that is being carried out in strict collaboration with Portugal Ventures’ Ignition Capital Network, thus favouring a syndication strategy. Shiptimize was created when the company's CEO Mark Bastiaanssen sold sports fishing equipment worldwide and the number of orders increased, which also led to an increase in shipping costs. With little time to focus on the business, he quickly realised that a program was needed to help small and medium-sized online businesses find the best logistics solution for each delivery, thereby optimising the time spent on the task. By integrating the shipping software with the retailer’s eCommerce platform, Shiptimize negotiates with carriers to get the best rates and streamlines returns management processes and customer care. With 400 active customers in Portugal, Spain and The Netherlands, Portugal Ventures’ 500-thousand-euro investment will help Shiptimize expand its internationalisation and export capacity, entering emerging markets such as Brazil, which is top on the list. Portugal Ventures’ investment in Shiptimize was made with Portuguese and international co-investors. Shiptimize will be transferring its registered office from The Netherlands, the founding team’s country of origin, to Portugal and will begin a recruitment process in the Portuguese market. Logical Safety offers a technology combined with IoT solutions for health and safety that enable companies to improve the safety of their teams on site. Logical Safety software was designed so that large companies and SMEs operating in heavy industries, such as the cement, mining and oil & gas industries, can be more proactive in safety processes and risk management, instead of reacting to risks after the fact. The IoT solution offered by Logical Safety lets the Safety Departments of these companies centralise the profile of their workers, equipment management, document management, safety inspections and work routines on a single platform that provides real-time information on the suitability and skills of each resource for a specific situation or task. The software replaces Excel databases, paving the way for the digitalisation of processes and the industry. With a pilot project running at a Canadian materials manufacturer, Portugal Ventures’ investment of EUR 500 thousand will help introduce new features to the platform, using machine learning and artificial intelligence, and add reinforcements to the sales team, which will focus on attracting large companies operating in sectors where EHS risk management is very demanding, such as in the oil & gas, mining and cement industries. The Logical Safety team is led by CEO Henrique Mateus, a seasoned entrepreneur with more than 25 years’ experience in the cement industry. Advertio automates the digital advertising process by creating, personalising and distributing campaigns automatically, based on information collected for their customer’s website. Advertio’s algorithm optimises return on investment in digital advertising by distributing ads on multiple platforms, such as social media, search engines and blog networks. All this is possible because Advertio’s algorithm focuses exclusively on its customer's target audience, placing relevant ads on the platforms they use. Advertio’s service is free; customers only pay for media spend. With customers like StartUp Portugal and Probe.ly and more than 650 active users, Portugal Ventures' investment of EUR 500 thousand will be used to help João de Sousa Aroso’s company get the resources it needs to boost its presence in the Portuguese market and advance its internationalisation. This investment in Advertio is the first closing of the second round of investment in the company and was made with Portuguese co-investors Rising Ventures and Olissipo Way, who increased their stake in the round which saw Portugal Ventures acquire shares in the company. For Rita Marques, CEO of Portugal Ventures, “The Call for MVP was the first sign Portugal Ventures gave the market that it is alive and kicking. This re-engagement has us assessing more than 90 projects, submitted in the 1st edition alone, a result we are very pleased with because it reflects the enthusiasm and energy with which entrepreneurs and our Ignition Partners have embraced this challenge. Our expectations are high for the 2nd edition of the Call for MVP, which opened in the last quarter of 2018 and in which we are already assessing projects for investment that will boost the economic value of the Portuguese business sector. We are working on opening new Calls to address major market gaps and to discover innovative solutions for mobility, the circular economy, ocean economy and energy efficiency.” The investment in Advertio, Logical Safety and Shiptimize were made through the venture capital fund managed by Portugal Ventures, co-financed by the European Union through the Equity and Quasi Equity Fund managed by IFD (Instituição Financeira de Desenvolvimento, S.A.), through funding from the European Regional Development Fund (ERDF), via Portugal2020 and COMPETE  2020. About Portugal Ventures: Portugal Ventures is a state-owned venture capital firm that invests in startups with global ambition. We invest in Portuguese startups and in startups with registered offices or business in Portugal, in the seed or early stages, operating in the Digital, [...]

Submissions to the Call for Tourism run from 3 October until 31 December. This new initiative by Portugal Ventures facilitates access to venture capital investment for projects that contribute to the development of the tourist offering in Portugal to improve the tourist experience and/or the efficiency of companies in the sector. Portugal Ventures thus broadens the scope of its operations by also investing in projects that aren’t tech-based. The Call for Tourism has 18 million euros in funding available and each project selected could be eligible for an investment of up to 1.5 million euros. Lisbon, 25 September 2018 - From 3 October, entrepreneurs are challenged to submit innovative tourism projects that introduce value-added products and services for the tourist experience by leveraging the country's history, art, architecture and natural and cultural heritage. The Call for Tourism aims at fostering the creation of startups and business development in the tourism sector, at a global, national and regional level. When assessing projects submitted to the Call for Tourism, non-tech projects in the Tourism Accommodation (Design Hotels, Boutique Hotels, Eco-resorts, Glamping, Houseboats), Tourism Entertainment Activities, Tour Operators, Enotourism, Theme Parks, Nautical Tourism and Equine Tourism sectors will be eligible. Tech-based projects in the Artificial Intelligence, AR/VR, IoT, Electronics, Mobile, Clean Tech, Robotics and Marketplaces sectors that implement platforms and other digital tools that enhance tourist enjoyment of cultural and natural heritage in Portugal and/or the efficiency of tour operators will also be eligible in this Call. Projects should be promoted by already incorporated companies or companies that are to be incorporated, located in Portugal (mainland or islands), in the seed, startup or early stage, which have been operating for less than seven full financial years since the commencement of activity at the time of investment. Projects selected for investment will benefit from synergies created by Portugal Ventures and Turismo de Portugal for the promotion of companies and trade in Portugal and abroad, in addition to close monitoring of operational management and strategic decisions by a team from Portugal Ventures. For Pedro de Mello Breyner, Executive Board Member of Portugal Ventures who oversees Tourism, “At a time when the Tourism sector in Portugal is booming, the Call for Tourism provides companies with tailored structured medium and long-term funding and creates the conditions for financing entrepreneurship in the sector to meet the needs of an increasingly more demanding market, offering investment in innovative solutions to sustain growth in the sector. This is a new chapter for Portugal Ventures, in which it aims to invest not only in technology solutions but in innovative projects in the accommodation and tourism entertainment sectors as well.” All applications should be submitted via Portugal Ventures’ website at https://www.portugalventures.pt/call-for-tourism, using the simplified form. Entrepreneurs can benefit from the support and guidance of one of the entities in Portugal Ventures’ Ignition Partners Network in the preparation and qualification of their projects. In close collaboration with Turismo de Portugal, the Call for Tourism aims at identifying startups and businesses that meet the challenges identified in the FIT - Fostering Innovation in Tourism programme, namely, projects that promote sustainable mobility, smart management, regional decentralisation and seasonal demand, inland tourism, year-round tourism, virtual reality, artificial intelligence and social and environmental sustainability. As such, Portugal Ventures will be promoting the Call for Tourism by participating in the Roadshow organised by Turismo de Portugal, bringing the initiative to the North, Centre and South of Portugal, to cities such as Coimbra, Évora and Faro. On 26 September, Portugal Ventures will be kicking off the trip at the Tourism Explorers event. About Portugal Ventures Portugal Ventures is a venture capital firm that aims at proactively investing in startups in all stages of development, helping them grow, increase their competitiveness and go global. Considered by CB Insights as the most active venture capital firm in Portugal, since 2012 we have invested over 120 million euros in more than 100 startups. In the Tourism sector, Portugal Ventures currently manages a portfolio of 15 companies and has already invested approximately 26 million euros in the sector. Recent investments: Live Electric Tours, Great Hotel of the World and Strayboots Europe. For more information: Helena Taveira - helena.taveira@portugalventures.pt Sobre a Portugal Ventures A Portugal Ventures é uma sociedade de capital de risco que tem como missão o investimento pró-ativo em startups em todas as fases de desenvolvimento, apostando no seu crescimento, competitividade e capacidade de internacionalização. Considerada pela CB Insights a capital de risco mais ativa em Portugal, a Portugal Ventures, desde 2012, investiu mais de 120 milhões de euros em mais de 100 startups. Na área do Turismo, a Portugal Ventures gere atualmente um portfolio composto por 15 empresas, tendo já investido neste setor, cerca de 26 milhões de euros. Recentes investimentos: Live Electric Tours, Great Hotel of the World e Strayboots Europe. Para mais informações: Helena Taveira - helena.taveira@portugalventures.pt

Submissions to the Call for MVP will be open from 9 July. The initiative aims at facilitating access to venture capital investment for projects encompassing new ideas, technologies, products or services to create an MVP and market it on the global market. Submissions will be assessed based on cut-offs, the first of which is on 1 October 2018. When assessing the projects submitted, investments to be used for the creation of an MVP (Minimum Viable Product) will be looked upon more favourably to ensure that the product has the minimum features needed to be introduced in the market, in the Digital (Enterprise, Cybersecurity, Networks, Artificial Intelligence, AR/VR, Marketplaces, Blockchain and IoT) and Engineering & Manufacturing (New Materials, Electronics, Robotics, Cleantech, AgriTech, SeaTech) sectors. Investment operations in projects based on differentiating and unique innovations, with a working prototype and with feedback from the market, albeit tentative, will be favoured so that, at a later stage, the prototype can be adjusted to market needs and the corresponding business model can be designed. The projects selected by Portugal Ventures will receive an investment of up to 1,000 thousand euros, with a minimum amount of 300 thousand euros, provided that they are promoted by already incorporated companies located in the Central, Northern or Alentejo regions that are in the seed stage, startup or early stage, and have not completed 3 full years up to the date of investment from when they began operations, or by companies located in the Alentejo region that are developing new innovative products and/or services (Second Round). Companies must be SME certified, a status confirmed via the Online SME Certification issued by IAPMEI. All applications should be submitted via Portugal Ventures’ website, using the simplified form. Entrepreneurs can benefit from the support and guidance of one of the entities in Portugal Ventures’ Ignition Partners Network in the preparation and qualification of their projects, thus increasing eligibility for venture capital investment. Projects submitted to the Call for MVP will be assessed by an assessment panel comprising both Portuguese and international business experts. Portugal Ventures will select projects to invest in that show the greatest growth potential and ability to become startups of excellence on a global scale. Projects invested in will also receive advice from, preferably, international experts, with accumulated experience and an extensive and relevant contact network.

Portugal Ventures invests in Great Hotels of the World and Live Electric Tours. Portugal Ventures invests in companies that boost tourism and contribute to the development of the tourism offer in Portugal, enhancing aspects such as the country’s history, art, architecture, and natural and cultural heritage. Lisbon, 5 July 2018 – Portugal Ventures has expanded its portfolio in the tourism sector by investing in Great Hotels of the World and Live Electric Tours, thus contributing to the growth and qualification of tourism dynamisation services in the Business and Leisure sectors. Great Hotels of the World (GHOTW), which operates in 16 countries through a network of 61 associated hotels, is set to relaunch the brand in Portugal. GHOTW is a specialised brand in the various hotel segments, particularly MICE (Meetings, Incentives, Conferences and Exhibitions). With this investment from Portugal Ventures, GHOTW will move its registered offices from London to Portugal, leveraging recognised benefits in the country when it comes to human resources, infrastructure and state-of-the-art technology and know-how partners in the tourism and hotel business. The brand hopes to increase the revenue of the associated hotels that are part of the independent Great Hotels of the World network and to entice other 4- and 5-star hotels with business and conference, SPA or wellness infrastructures to join the network. “The independent hotelier wants to maintain their hotel’s unique identity and personality, but needs access to distribution, sales and international marketing to compete with big name hotels. Great Hotels of the World provides a recognised brand, state-of-the-art technology and personalised services tailored to the hotel’s needs,” explains Pedro Colaço, CEO of GHOTW. “Portugal Ventures’ investment will help us reinforce our team in Lisbon and expand our brand’s services and destinations.” Live Electric Tours is a startup that hires 100% electric vehicles and offers a new way to discover Lisbon. Tours are programmed using a Self-Drive model with personalised routes and Live Streaming, the latest trend in global tourism. Vehicles come equipped with free Wi-Fi, a GPS Audio Guide, free Hotspot and a Live HD camera which lets users share their entire experience live directly to social media (Facebook, YouTube, Instagram, among others). The company’s target market is tourists from Brazil, the UK, France and the US, which account for approximately 1,618 million tourists who visit the city of Lisbon. The company, which has partnerships with hotels, local accommodation establishments and Lisbon’s Cruise Terminal, will use the investment from Portugal Ventures to increase its fleet from 5 to 16 vehicles in order to meet the demand for its service by large corporate groups and DMCs (Destination Management Companies). The investment will also be used to design digital marketing campaigns and to install points of sale, thus making it easier to engage with tourists who want to discover Lisbon in a different and unique way. Djalmo Gomes, CEO of Live Electric Tours, states that this investment “is very important at this stage of our company because it’s going to help us achieve the goals we set when we launched the project. We want to be an alternative for DMC businesses who promote tourism activities in Portugal, and for that we need to be able to expand our fleet of EVs. On the other hand, the investment will help us improve our operation, reinforce our team and invest in a more effective marketing strategy.” Pedro de Mello Breyner, Executive Board Member of Portugal Ventures and Head of the Tourism Investment Unit, says that these two investments are “one of Portugal Ventures’ current priorities, which is to invest in tourism projects, more specifically, in companies with solutions to boost tourism. Very much aligned with the strategy of one of our major shareholders, Turismo de Portugal, it is very important for Portugal Ventures to encourage entrepreneurs who are taking advantage of the boom in tourism in Portugal and have projects that enhance our natural and culture heritage, enrich the tourism experience and showcase the country to the world.” Miguel Barbosa, Director of Portugal Ventures’ Tourism Investment Unit adds that “these new investments by Portugal Ventures reflect our interest in investing in the tourism sector, in its most varied sub-sectors, at a time when the tourism sector is increasingly more important to the Portuguese economy.” About Portugal Ventures Portugal Ventures is a venture capital firm that invests in the seed stage of Portuguese startups in the tech, life sciences and tourism sectors. Considered by CB Insights as the most active venture capital firm in Portugal, since 2012 we have invested over 120 million euros in more than 90 new startups. In the Tourism sector, Portugal Ventures manages a portfolio of 15 companies and has invested 13.5 million euros in the sector. We partner alongside exceptional entrepreneurs with a vision to meet global needs with disruptive business models and technologies on their journey to become global market leaders. About Great Hotels of the World Great Hotels of the World (GHOTW) is a company that represents international hotels offering reservation, sales and marketing services, as well as innovative technology solutions to an exclusive portfolio of 60, mostly independent, hotels and resorts, worldwide. Its services are tailored to meet the needs of each hotel and this personalised approach ensures that each one is able to maintain its personality and authenticity, while accessing distribution channels, state-of-the-art technology and new holiday markets. The company‘s registered offices are in Lisbon, Portugal. About Live Electric Tours Live Electric Tours is a self-drive experience using 100% electric vehicles for tourists in Lisbon. The company opened its doors in August 2017. Its vehicles are unique as they come equipped with free Wi-Fi, a GPS Audio Guide with pre-programmed routes and a live camera so that users can share their entire experience live directly to social media. For more information: