Indico Capital Partners, the Lisbon, Portugal based VC, has launched a €25 million ‘Opportunity Fund’, with the help of previous LPs, to invest up to an additional €5 million in the most promising four or five companies from its first fund. Indico says this would double the maximum investment per startup from €5-10 million.
Indico launched its first €54M fund at the beginning of 2019 (toptechtrends.com/2019/01/11/lisbon-finally-gets-a-substantial-vc-fund-in-the-shape-of-indico-capital-partners/”>covered on TechCrunch here). In 2020 it launched a Partnership with Google for Startups and a related €12 million pre-seed fund for its early stage programme.
This year it also launched a 50 million euro ‘toptechtrends.com/2022/01/27/portugals-indico-capital-partners-launches-e50m-ocean-tech-blue-economy-fund/”>Blue Fund‘ around ocean innovation and sustainability (€100,000 to €5 million euros per company for expansion capital).
This takes its total raised to €141 million since early 2019 (€91 million for tech and €50 million for the blue economy).
So far it’s put €36 million euros into 29 companies, including Anchorage Digital, Remote and Tier.
toptechtrends.com/2022/11/15/lisbons-indico-vc-launches-e25m-opportunity-fund-for-its-scale-ups-taking-it-to-a-e141m-total/”>Lisbon’s Indico VC launches €25M Opportunity Fund for its scale-ups, taking it to a €141M total by toptechtrends.com/author/mike-butcher/”>Mike Butcher originally published on toptechtrends.com/”>TechCrunch
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