Indico Capital Partners

Indico Capital Partners

Lisbon, Lisbonindicocapital.com

Overview

Indico Capital Partners is a venture capital firm that invests in technology and sustainable companies, primarily focusing on startups from Portugal, Spain, and Italy . Their investment sectors include Software as a Service (SaaS), marketplaces, Artificial Intelligence (AI), Internet of Things (IoT), fintech, cybersecurity, and Web3 . They typically invest from Pre-Seed to Series A stages, with amounts ranging from €100,000 to €10 million, and selectively participate in Series B and C rounds . Indico also has funds for climate action, particularly marine ecosystems, supporting companies with significant operations in Portugal .

Year Founded

2017

Portfolio Companies

30

Investments

CompanyDateStageLead
PreplyJan 2026Series DCo-investor
SpotliteDec 2025SeedLead
WESENSOct 2025Series B ExtensionLead
W•SENSEOct 2025Early FundingLead
MembrionOct 2025Series B ExtensionCo-investor

Key People

Cristina Fonseca

General Partner

Ricardo Torgal

General Partner

André Almeida Santos

Partner

Rui Rodrigues

Partner

João Pedro Roque

Principal

Rui Jerónimo

Principal

Tomás Marchão Marques

Investment Team Venture Capital

Sofia Egídio

Partner General Counsel

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersLisbon, Lisbon
Year Founded2017

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