Portugal Ventures

282 M
UNDER
MANAGEMENT
237
New Companies

Since 2012

208.1 M
Invested

Since 2012

20
Reference Rounds

From Seed Series to Series D

Since 2012 Portugal Ventures has been working with a management system designed to aggregate all the information related to its portfolio and activity, aimed at controlling, managing and sharing information with the team, to ensure detailed and reliable internal communication.

Ten years later, we launched the Portugal Ventures Dashboard, a repository of performance indicators that measure and demonstrate the impact that our activity and that of our portfolio companies has on the national economy.

This tool, which provides real-time information, strengthens Portugal Ventures’ commitment to accurate and transparent communication on all processes.

Portfolio Impact Indicators in the Portuguese Economy

Reference year: 2023
No. of companies
171
No. of jobs created
2225
No. of jobs created by gender
845
1380
No. of PhD's on the teams
132
No. of Patents submitted / registered
149
No. of companies by stage of revenue
Annual Total Revenue
237
M€
Weight of revenue on GDP Source INE
0 %
Exports – no. of transactions
479 K
Exports – in figures
153
M€
Markets/Countries in which our portfolio companies operate
9 Countries7 Portfolio companies
Number of companies per country
2
Morocco
2
LIBIA
2
Egypt
2
South Africa
4
Others
33 Countries85 Portfolio companies
Number of companies per country
71
Portugal
41
Spain
20
France
17
Germany
115
Others
10 Countries18 Portfolio companies
Number of companies per country
12
Brazil
4
Chile
4
Netherlands Antilles
3
PERU
8
Others
18 Countries18 Portfolio companies
Number of companies per country
7
China
5
South Korea
4
SINGAPURA
3
HONG KONG
24
Others
4 Countries7 Portfolio companies
Number of companies per country
6
Australia
1
TUVALU
1
New Zealand
9 Countries35 Portfolio companies
Number of companies per country
32
United States
8
Canada
5
Mexico
1
REPUBLICA DOMINICANA
4
Others
Total of capital raised by the portfolio
704
M€
Investments by cycle of life
Weight of PV Investment in the country’s VC Investment Source: CMVM
0 %

Total Investment

Overview
2021
12.94M€
2022
17.7M€
2023
12.36M€
2024
1.9M€
2015
1º Quarter
23.81M€
2º Quarter
8.81M€
3º Quarter
3.58M€
4º Quarter
3.55M€
2016
1º Quarter
4.9M€
2º Quarter
6.03M€
3º Quarter
1.91M€
4º Quarter
1.41M€
2017
1º Quarter
6.51M€
2º Quarter
1.19M€
3º Quarter
1.72M€
4º Quarter
1.56M€
2018
1º Quarter
3.01M€
2º Quarter
2.5M€
3º Quarter
2.82M€
4º Quarter
2.89M€
2019
1º Quarter
2.57M€
2º Quarter
8.04M€
3º Quarter
2.92M€
4º Quarter
4.56M€
2020
1º Quarter
4.55M€
2º Quarter
1.86M€
3º Quarter
7.26M€
4º Quarter
5.4M€
2021
1º Quarter
5.33M€
2º Quarter
2.4M€
3º Quarter
2.98M€
4º Quarter
2.25M€
2022
1º Quarter
2.97M€
2º Quarter
3.91M€
3º Quarter
7.86M€
4º Quarter
2.97M€
2023
1º Quarter
4.25M€
2º Quarter
2.4M€
3º Quarter
2.33M€
4º Quarter
3.4M€
2024
1º Quarter
1.9M€
2º Quarter
0€
3º Quarter
0€
4º Quarter
0€
Legend:
No. of New Investment
No. of follow-on investments
Total investment (million euros)

New Investments

2015
Investments
 
11.92M€
27
New Investments
2016
Investments
 
3.29M€
11
New Investments
2017
Investments
 
1.07M€
6
New Investments
2018
Investments
 
2.72M€
5
New Investments
Co-investments
New Investments + Follow-on
1.93M€
2
Co-investments
2019
Investments
 
12.89M€
29
New Investments
Co-investments
New Investments + Follow-on
15.76M€
2
Co-investments
2020
Investments
 
9.27M€
22
New Investments
Co-investments
New Investments + Follow-on
28.68M€
10
Co-investments
2021
Investments
 
8.44M€
39
New Investments
Co-investments
New Investments + Follow-on
3.28M€
5
Co-investments
2022
Investments
 
7.12M€
18
New Investments
Co-investments
New Investments + Follow-on
59.44M€
15
Co-investments
2023
Investments
 
8.31M€
34
New Investments
2024
Investments
 
0€
0
New Investments

Follow-On Investments

Overview
4.51M€
10.58M€
4.05M€
1.9M€
Reference Rounds
2015
17.16M€
6.7M€
2.32M€
1.64M€
2016
4.34M€
4.31M€
1.5M€
800K€
2017
5.9M€
1.19M€
1.56M€
1.26M€
2018
3.01M€
1.16M€
2.19M€
2.14M€
2019
1.37M€
2.12M€
125K€
1.58M€
2020
3.25M€
1.86M€
3.33M€
1.35M€
2021
1.02M€
2.4M€
393K€
695K€
2022
2.87M€
2.29M€
4.3M€
1.12M€
2023
2.75M€
685K€
375K€
245K€
2024
1.9M€
0€
0€
0€

Divestment

Overview
Reference Exits
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Legend:
No. of companies divested

Deal Flow

Overview
2021
2022
2023
2024
Legenda
No. of investments applied for (million euros) No. of Leads
736
LEADS
  • Call for Entrepreneurship
  • Call Açores
  • Call for Tourism
  • Call for MVP
  • Call FIT - Fostering Innovation in Tourism
  • Call Blue Economy
  • Call Green Economy
  • Call AgroTech Economy
  • Captação Direta
  • Operação Follow-Ons (Mitigação COVID19)
  • Call INNOV-ID
  • Call for Deep Tech
  • Call Madeira
  • Call Expand
all_calls
LEADS
Legenda
No. of investments applied for (million euros) No. of Leads
all_leads
LEADS
Legenda
No. of investments applied for (million euros) No. of Leads
2015
243
LEADS
  • Call for Entrepreneurship
  • Call Açores
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2016
217
LEADS
  • Call Açores
  • Call for Entrepreneurship
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2017
72
LEADS
  • Call for Entrepreneurship
  • Call for Tourism
  • Call Açores
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2018
329
LEADS
  • Call for Entrepreneurship
  • Call for Tourism
  • Call Açores
  • Call for MVP
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2019
148
LEADS
  • Call Açores
  • Call for MVP
  • Call for Tourism
  • Call FIT - Fostering Innovation in Tourism
  • Call Blue Economy
  • Call Green Economy
  • Call AgroTech Economy
  • Captação Direta
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2020
229
LEADS
  • Call AgroTech Economy
  • Call for MVP
  • Call for Tourism
  • Operação Follow-Ons (Mitigação COVID19)
  • Call Açores
  • Call Blue Economy
  • Call Green Economy
  • Call FIT - Fostering Innovation in Tourism
  • Call INNOV-ID
  • Captação Direta
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2021
161
LEADS
  • Call for Tourism
  • Captação Direta
  • Call for MVP
  • Operação Follow-Ons (Mitigação COVID19)
  • Call for Deep Tech
  • Call FIT - Fostering Innovation in Tourism
  • Call Açores
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2022
197
LEADS
  • Call Açores
  • Captação Direta
  • Call Madeira
  • Call for Tourism
  • Call INNOV-ID
  • Operação Follow-Ons (Mitigação COVID19)
  • Call FIT - Fostering Innovation in Tourism
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2023
357
LEADS
  • Call Açores
  • Call FIT - Fostering Innovation in Tourism
  • Call INNOV-ID
  • Call Madeira
  • Call Expand
  • Captação Direta
  • Call for Tourism
1º Quarter
2º Quarter
3º Quarter
4º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
2024
21
LEADS
  • Call for Tourism
1º Quarter
Legenda
No. of investments applied for (million euros) No. of Leads
calls
0€
Applications by business area
Manufacturing & Technology 431 Manufacturing & Technology
Tourism 684 Tourism
Digital & Technology 775 Digital & Technology
Therapeutics & HealthTech 150 Therapeutics & HealthTech
New Businesses 533 New Businesses
Portugal Gateway 60 Portugal Gateway
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2015
1.07B€
Applications by business area
Manufacturing & Technology 89 Manufacturing & Technology
Tourism 32 Tourism
Digital & Technology 152 Digital & Technology
Therapeutics & HealthTech 29 Therapeutics & HealthTech
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2016
1.14B€
Applications by business area
Manufacturing & Technology 94 Manufacturing & Technology
Tourism 120 Tourism
Digital & Technology 137 Digital & Technology
Therapeutics & HealthTech 22 Therapeutics & HealthTech
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2017
31.97M€
Applications by business area
Manufacturing & Technology 17 Manufacturing & Technology
Tourism 19 Tourism
Digital & Technology 26 Digital & Technology
Therapeutics & HealthTech 10 Therapeutics & HealthTech
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2018
168.34M€
Applications by business area
Manufacturing & Technology 79 Manufacturing & Technology
Tourism 112 Tourism
Digital & Technology 119 Digital & Technology
Therapeutics & HealthTech 17 Therapeutics & HealthTech
New Businesses 1 New Businesses
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2019
103.96M€
Applications by business area
Manufacturing & Technology 29 Manufacturing & Technology
Tourism 77 Tourism
Digital & Technology 45 Digital & Technology
Therapeutics & HealthTech 17 Therapeutics & HealthTech
New Businesses 1 New Businesses
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2020
53.05M€
Applications by business area
Manufacturing & Technology 27 Manufacturing & Technology
Tourism 67 Tourism
Digital & Technology 24 Digital & Technology
Therapeutics & HealthTech 7 Therapeutics & HealthTech
New Businesses 115 New Businesses
Portugal Gateway 2 Portugal Gateway
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2021
81.57M€
Applications by business area
Manufacturing & Technology 36 Manufacturing & Technology
Tourism 111 Tourism
Digital & Technology 118 Digital & Technology
Therapeutics & HealthTech 20 Therapeutics & HealthTech
New Businesses 21 New Businesses
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2022
77.33M€
Applications by business area
Manufacturing & Technology 25 Manufacturing & Technology
Tourism 55 Tourism
Digital & Technology 68 Digital & Technology
Therapeutics & HealthTech 13 Therapeutics & HealthTech
New Businesses 139 New Businesses
Portugal Gateway 12 Portugal Gateway
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2023
112.23M€
Applications by business area
Manufacturing & Technology 33 Manufacturing & Technology
Tourism 68 Tourism
Digital & Technology 74 Digital & Technology
Therapeutics & HealthTech 13 Therapeutics & HealthTech
New Businesses 256 New Businesses
Portugal Gateway 46 Portugal Gateway
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.
2024
16.03M€
Applications by business area
Manufacturing & Technology 2 Manufacturing & Technology
Tourism 23 Tourism
Digital & Technology 12 Digital & Technology
Therapeutics & HealthTech 2 Therapeutics & HealthTech
Note:
The number of submissions per business area includes the submissions from the initiative Open Day.

Profile of applicant entrepreneurs

2019
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Nationality
2020
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Nationality
2021
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Others
Nationality
2022
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Others
Nationality
2023
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Others
Nationality
2024
Age
Legend:
<26-30 years
31-40 years
41-50 years
>50 years
Gender
Legend:
Women
Men
Nationality
Note:
This type of data was only requested in the application form from 2019 onwards.

Profile of applicant companies

2019
Team Size
Legend:
< 6
6 - 20
21 - 50
101 - 250
Company Age
Legend:
< 1 year
<3 years
3-5 years
6-8 years
>11 years
Revenue
Location of Companies
2020
Team Size
Legend:
< 6
6 - 20
51 - 100
Company Age
Legend:
< 1 year
<3 years
3-5 years
6-8 years
Revenue
Location of Companies
2021
Team Size
Legend:
< 6
6 - 20
21 - 50
No team
Company Age
Legend:
< 1 year
<3 years
3-5 years
6-8 years
9 - 11 years
Not incorporated
Revenue
Location of Companies
2022
Team Size
Legend:
< 6
6 - 20
21 - 50
No team
Company Age
Legend:
< 1 year
<3 years
3-5 years
6-8 years
>11 years
Not incorporated
Revenue
Location of Companies
2023
Team Size
Legend:
< 6
6 - 20
21 - 50
51 - 100
No team
Company Age
Legend:
< 1 year
<3 years
3-5 years
6-8 years
9 - 11 years
>11 years
Not incorporated
Revenue
Location of Companies
2024
Team Size
Legend:
< 6
6 - 20
21 - 50
No team
Company Age
Legend:
< 1 year
<3 years
3-5 years
>11 years
Not incorporated
Revenue
Location of Companies
Note:
This type of data was only requested in the application form from 2019 onwards.

Partners Network

125
Ignition Partners
20
Capital Partners
20
Corporate Partners
200
Experts