Funder directory / Portugal / Venture capital firms
Indico Capital Partners
SaveIndico Capital Partners is a venture capital firm that invests in early to growth-stage tech startups and ocean-related companies. It targets businesses based in or related to Portugal, Spain, and Italy across sectors such as SaaS, AI, deeptech, healthtech, fintech, and the blue economy.
StagesPre-seed · Seed · Series A · Series B+ · Growth
TicketWe invest between 100k and 10M Euros per company and work together …quoted from their site
Business modelB2B · B2C
Invests inPT · ES · IT
Deals recorded18 since 2019
Fund sizeCurrently Indico manages 3 funds with € 102m AuM as of De…quoted from their site
What they invest in
- Índico invests in tech and sustainable companies. source
- Our tech funds target unique Software as a Service (SaaS), Artificial Intelligence (AI), Deeptech, Spacetech, Healthtech, Oceantech, Fintech and Consumer. source
- Our investment in tech companies ranges, mostly, from Pre-Seed to Series A (from 500k to 10M euros), and we selectively back companies at Series B and C as well. source
Mentioned in reports (3)
- Global InsurTech Report Q4 2025: The Role of AI in the Four Largest Insurance Business LinesGallagher Re · February 2026 · 108 pages
- Private Equity Portuguese Market Annual Report 2025Morais Leitão (MLGTS) · January 2026 · 36 pages
- Financing Regenerative Seaweed and Aquaculture: The Investment Need and OpportunityECBF Management GmbH · November 2025 · 63 pages
Reports by other publishers that name Indico Capital Partners.
All investments and operations
18 operations| Company | Round | Amount | Date | Co-investors | Source |
|---|---|---|---|---|---|
| Cascade | – | – | 2026 | – | Portfolio page |
| Dealroom | – | – | 2025 | – | Portfolio page |
| Arborea Sustainability | – | – | 2024 | – | Portfolio page |
| Cargo.one Sustainability | – | – | 2024 | – | Portfolio page |
| FRVR Technology | – | – | 2024 | – | Portfolio page |
| Gazelle Wind Power Sustainability | – | – | 2024 | – | Portfolio page |
| Hercules AI Technology | – | – | 2024 | – | Portfolio page |
| Indie Campers Technology | – | – | 2024 | – | Portfolio page |
| Eleos | – | – | 2023 | – | Portfolio page |
| FOSSA Systems Sustainability | – | – | 2023 | – | Portfolio page |
Show all 18 operations
| Inclita Seaweed Solutions Sustainability | – | – | 2023 | – | Portfolio page |
| Data4Deals Technology | – | – | 2022 | – | Portfolio page |
| Anchorage Technology | – | – | 2021 | – | Portfolio page |
| Exclusible | – | – | 2021 | – | Portfolio page |
| Bizay | – | – | 2020 | – | Portfolio page |
| Barkyn Sustainability | – | – | 2019 | – | Portfolio page |
| Conexa | – | – | 2019 | – | Portfolio page |
| Infraspeak | – | – | 2019 | – | Portfolio page |
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