PORTUGAL VENTURES CHOOSES LEADING EUROPEAN FINTECH PLATFORM SEEDRS FOR INVESTMENT PARTNERSHIP
Portuguese venture capital firm partners with UK-based finch platform Seedrs to boost funding for Portuguese startups
Portugal Ventures is a leading seed capital firm in Portugal, having invested in 90 startups
Seedrs is the most active pan-European equity crowdfunding platform with €340* million invested in 540 deals
Today, Seedrs and Portugal Ventures announce a partnership that will provide a boost to the growing startup ecosystem in Portugal. The venture capital firm will start investing alongside the crowd, with a cap at €1.25 million, into the most innovative Portuguese equity crowdfunding campaigns on the Seedrs platform.
Portugal Ventures is the first Portuguese venture firm to partner with the Seedrs investment platform. The partnership will see the VC firm investing up to 50% of the funding target into Portuguese startups raising on the platform. Startups will benefit from access to the venture platform and network of Portugal Ventures. The venture firm is widening its portfolio within technology sectors, such as fintech, smart manufacturing, digital health, mobility, and travel tech.
Jeff Kelisky, CEO at Seedrs, says: “We’re very excited by this exclusive partnership as it gives ambitious early stage Portuguese businesses access to quality investment and an incredible opportunity to take their brand to the next level by building community and marketing value. We have a long-standing relationship with Portugal Ventures, having worked closely with them over the last couple of years and this partnership is now a strong demonstration of their belief in the quality of our deal flow, due diligence and the Seedrs platform.”
Celso Guedes de Carvalho, CEO at Portugal Ventures, says: “We are thrilled to deepen our ongoing relationship with Seedrs and to be able to syndicate on a leading equity crowdfunding platform. Seedrs provides a trusted and streamlined platform which will allow us to continue spearheading Portugal’s startup scene together."
*Based on the current exchange rate
Seedrs allows all types of investors to invest as little or as much as they like (from £/€ 10 up) in businesses they believe in and share in their success. It allows ambitious businesses in all sectors to raise capital and build community through an efficient, online process.
Seedrs has funded over 570 deals to date and has had over £300 million invested on the platform. All investments made through Seedrs offer voting shares to investors and use professional-grade subscription agreements. This ensures that investors get the same level of protection that angel investors and venture capitalists enjoy. Seedrs is backed by star fund manager Neil Woodford, Augmentum Capital (which is wholly-backed by RIT Capital, the investment firm run by Lord Rothschild), Faber Ventures and over 2,000 of its own customers. Seedrs is authorised and regulated by the UK Financial Conduct Authority. It was the first equity crowdfunding platform in the world to gain regulatory approval.