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Portugal Ventures — Equity

Portugal Ventures — Equity

Provides minority-equity investment calls for Portuguese startups across digital, manufacturing, health, and tourism sectors.

Between cyclesPortugal VenturesPortugal

Portugal Ventures is the state-backed venture capital arm of Banco Português de Fomento (BPF), operating as Portugal Ventures SCR, SA. It invests equity in Portuguese startups across four sectors — Digital & Technology (38 portfolio companies), Manufacturing & Technology (52 companies), Therapeutics & Health Tech (25 companies), and Tourism (33 companies). The firm does not award grants; all fundi

Issues periodic sector-specific equity investment calls of EUR 50,000–1.5 million for Portuguese startups across digital technology, manufacturing, health tech, and tourism, with minority stakes and milestone-based tranches.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Multiple per year
Next deadlineiThe next date applications are due. Rolling means you can apply any time.
Decision timeiTypical time from the deadline to the funder's decision.18 weeks
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 22 Jul 2026Source: www.portugalventures.pt