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.
Most shared portfolio companies with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 90 investors with a shared portfolio company. A shared company is not proof they invested together in the same round.
- 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 2026-10-21 · confidence high
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