Indico Capital Partners
indicocapital.com Direct investor
Indico Capital Partners is a venture capital firm based in Portugal that invests in technology and sustainable companies, primarily in Portugal, Spain, and Italy. It manages multiple funds, including tech and ocean-focused funds, and invests from pre-seed to Series A, with selective later-stage investments.
Indico Capital Partners is a venture capital firm headquartered in Lisbon, Portugal, founded in 2018. It invests directly in companies, from pre-seed to Series C and later, in SaaS, artificial Intelligence, deeptech and spacetech. Its stated cheque size is from 500k to 10M euros. €244M under management and 59 portfolio companies, as it reports.
“We invest in the most globally promising Portuguese, Spanish and Italian related companies”
— Indico Capital Partners, own website
- Layer
- Direct investor
- Type
- Venture capital
- Invests in
- Portugal, Spain, Italy
- Sectors
- SaaS, Artificial Intelligence, Deeptech, Spacetech, Healthtech, Oceantech, Fintech, Consumer
- Cheque size
- from 500k to 10M euros
- Founded
- 2018
- Assets under management
- €244M
- Portfolio
- 59 companies
Team, as Indico Capital Partners publishes it
- Stephan de Moraes Managing General Partner
- Ricardo Torgal General Partner and CFO
- Cristina Fonseca General Partner
- Rui Rodrigues Partner
- Sofia Egídio Partner and General Counsel
- André Almeida Santos Partner
- Rui Jerónimo Principal
- João Pedro Roque Principal
- Tomás Marchão Marques Investment Analyst
- Gabriela Cordeiro Compliance Officer
- Marta Fernandes Financial Controller
- Maria Amaral Marketing, Communication and Events
Names and roles exactly as listed on indicocapital.com. Nothing else about these people is recorded.
Co-invests most often with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 90 co-investors found.
- Hack VC 2 shared companies: youtu.be, anchorage.com
- Shilling VC 2 shared companies: barkyn.com, exclusible.com
- Amplify Partners 2 shared companies: anchorage.com, mailchi.mp
- Abies Ventures 1 shared company: youtu.be
- Adjuvo 1 shared company: youtu.be
- Appian Capital Advisory Limited 1 shared company: youtu.be
- Asia Frontier Investments Limited 1 shared company: youtu.be
- Asia2G Capital 1 shared company: youtu.be
- At One Ventures 1 shared company: youtu.be
- Blackbird Ventures 1 shared company: youtu.be
and 80 more — the graph.
Where this comes from
Every fact above was read from a page Indico Capital Partners publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://www.indicocapital.com/name, is_investor, layer, type, hq_country, hq_city, invests_in_geographies, stage_min, stage_max, sectors, cheque_size, thesis_quote, thesis_quote_page, description, aum, portfolio_count, status, confidence
- https://www.indicocapital.com/about-usfounded, people
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Record 322 · added 2026-08-28 · link last verified 2026-09-06 · confidence high
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