Indico Capital Partners Secures €76 Million Funding for Early-Stage Tech Startups

Indico Capital Partners Raises €76 Million for VC Fund II

In a significant development for early-stage venture capital in Portugal, Indico Capital Partners, a Lisbon-based VC firm, has successfully raised €76 million for its Indico VC Fund II. This fund aims to empower tech startups in various innovative sectors.

Banco de Portugal Increases Investment Commitment

The Banco de Portugal has increased its investment commitment to the Indico VC Fund II, boosting it from €35 million to €50 million. This enhancement reflects the bank's confidence in the potential of tech investments and early-stage startups.

Focus Areas of the Indico VC Fund II

The fund is primarily focused on supporting early-stage tech startups with investments in various sectors, including:

• Artificial Intelligence
• Big Data
• Enterprise SaaS
• Fintech
• Marketplaces
• Web3

Track Record of Indico Capital Partners

Since its inception in 2019, Indico Capital Partners has invested a total of €90 million in 49 startups, which have collectively raised over €1.9 billion from global investors. This impressive track record highlights the firm’s commitment and strategic insight into fostering tech innovation.

Recent Investments and Future Plans

The Indico VC Fund II is dedicated to backing promising early-stage tech ventures. So far, the fund has completed four investments, totaling €14.8 million. As the market for technology startups continues to grow, Indico Capital Partners is poised to play a pivotal role in shaping the future of tech innovation.

Conclusion

The successful fundraising for the Indico VC Fund II is a testament to the growing interest in tech startups and venture funding in Portugal. With a targeted approach and significant backing, Indico is set to explore new opportunities in the tech landscape.