Portugal Ventures and Casa Mendes Gonçalves enter partnership to create new opportunities for innovation in the processing of food commodities

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.”