10 Lisbon fintech investors write €200K-€20M for Portuguese fintech startups in 2026. Faber, Armilar, and Indico Capital close in 6-16 weeks. Portugal's fintech raised €320M in 2025.
Portugal's fintech market raised €320M in 2025, up 28% from 2024. Lisbon captures 80% of Portuguese fintech VC as the country's startup and payments hub.
Caixa Capital and Novo Banco Ventures closed €80M in Portuguese fintech in 2025. Portuguese fintech with Caixa or Novo Banco pilot closes Lisbon VC 6 weeks faster.
Lisbon's fintech scene grew 35% in 2025 driven by PSD2, DORA, and digital banking. Portuguese fintech with PSD2 API and Caixa bank pilot closes all Lisbon VCs fastest.
This guide covers 10 active fintech investors in Lisbon writing cheques in 2026.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Faber | Seed / Series A VC | €500K-€5M | Lisbon fintech, B2B, SaaS seed | faber.vc |
| Armilar Venture Partners | Seed / Series A VC | €500K-€5M | Portuguese fintech, B2B, deep tech | armilar.com |
| Portugal Ventures | Public seed VC | €200K-€3M | Portuguese fintech seed, public | portugalventures.pt |
| Caixa Capital | Corporate seed VC | €200K-€3M | Portuguese fintech, banking seed | caixacapital.pt |
| Bynd Venture Capital | Seed / Series A VC | €500K-€5M | Iberian fintech, B2B, SaaS | bynd.com |
| Novo Banco Ventures | Corporate VC | €200K-€2M | Portuguese fintech, banking tech | novobanco.pt |
| EDP Ventures | Corporate VC | €200K-€3M | Portuguese fintech, energy tech | edp.com |
| Shilling VC | Seed / Series A VC | €200K-€2M | Lisbon fintech, B2B, SaaS seed | shilling.vc |
| Indico Capital | Seed / Series A VC | €500K-€5M | Lisbon fintech, B2B, tech seed | indicocapital.com |
| GED Iberian Private Equity | Growth VC | €2M-€20M | Iberian fintech growth, B2B | gedcapital.com |
Control your Lisbon fintech pitch and compliance documentation
Lisbon fintech VCs require NDA before compliance and revenue review. Ellty logs every investor who opens your materials.
Start free 14-day trialWhat Lisbon fintech VCs look for
Lisbon fintech VCs require PSD2 compliance and bank API integration before seed close. Portuguese fintech with Caixa open banking pilot closes Lisbon VC 6 weeks faster.
Faber and Armilar require €15K MRR and 3 Portuguese enterprise clients before seed. Portuguese fintech with €15K MRR and Caixa client closes Lisbon seed VC fastest.
Share your Lisbon fintech pitch via a data room with per-investor access controls. Lisbon fintech VCs download financial models within 48 hours of secure link.
Portugal Ventures and Caixa Capital require Portuguese LDA incorporation and CMVM license. Portuguese fintech with CMVM license closes Portugal Ventures 5 weeks faster.
Lisbon fintech rounds close fastest in 2026 when founders bring a CMVM license, PSD2-compliant API, Caixa pilot letter, and €15K MRR. Compliance is table stakes here - we check it before the deck.
10 Lisbon fintech investors
1. Faber
Faber is a Lisbon-based seed VC that backs founders at the intersection of science and technology, with a track record of 40+ portfolio companies across Southern Europe.
Recent Deals: Zymvol €3M 2025, Biographica £7M 2025, Ponda Bio $2.4M 2024
LinkedIn: Faber LinkedIn
Sector Focus: Fintech, B2B SaaS, Deep Tech, Climate Tech
Stage Focus: Seed
Location: Lisbon, Portugal
Website: faber.vc
2. Armilar Venture Partners
Armilar is one of Portugal's oldest independent VCs, backing Iberian deep tech and fintech from seed to Series A with a €120M Fund IV closed in 2025.
Recent Deals: Neuraspace Series A 2025, Armilar Fund IV €120M close 2025
LinkedIn: Armilar Venture Partners LinkedIn
Sector Focus: Fintech, Deep Tech, AI, Cybersecurity, Healthtech
Stage Focus: Seed, Series A
Location: Lisbon, Portugal
Website: armilar.com
3. Portugal Ventures
Portugal Ventures is the state-backed VC arm of Banco Português de Fomento, deploying €40M+ per year across pre-seed to Series A Portuguese startups.
Recent Deals: Hoopers $2.3M 2024, PluggableAI €1.75M 2024, Unlockit €1.4M 2024
LinkedIn: Portugal Ventures LinkedIn
Sector Focus: Fintech, Digital & Technology, Healthtech, Tourism
Stage Focus: Pre-Seed, Seed, Series A
Location: Lisbon, Portugal
Website: portugalventures.pt
4. Caixa Capital
Caixa Capital is the private equity and venture capital arm of Caixa Geral de Depósitos, Portugal's largest bank, with €500M under management focused on ICT and digital startups.
Recent Deals: Infraspeak Series B 2024, Noxus Seed €1M 2025
LinkedIn: Caixa Capital LinkedIn
Sector Focus: Fintech, Banking Tech, ICT, Digital, Healthtech
Stage Focus: Seed, Series A, Series B
Location: Lisbon, Portugal
Website: caixacapital.pt
5. Bynd Venture Capital
Bynd is a leading Iberian seed VC with a €40M Fund III launched in 2024, targeting pre-seed and seed startups in Portugal and Spain across fintech, AI, and sustainability.
Recent Deals: Equall Seed 2024, CircuitLeap Seed 2024, Dealcar Seed 2025
LinkedIn: Bynd Venture Capital LinkedIn
Sector Focus: Fintech, AI, SaaS, E-commerce, Sustainability
Stage Focus: Pre-Seed, Seed
Location: Lisbon, Portugal
Website: bynd.com
Share your Lisbon fintech pitch and track every VC who opens your compliance docs
Ellty shows when Faber or Armilar opens your PSD2 compliance section. Follow up now.
Start free 14-day trial6. Novo Banco Ventures
Novo Banco Ventures is the corporate investment arm of Novo Banco, one of Portugal's largest banks, backing fintech and financial services startups with strategic bank partnerships.
Recent Deals: Novo Banco fintech portfolio €80M deployed 2025, strategic fintech partnerships 2024
LinkedIn: Novo Banco LinkedIn
Sector Focus: Fintech, Banking Tech, Digital Payments, Insurtech
Stage Focus: Seed, Series A
Location: Lisbon, Portugal
Website: novobanco.pt
7. EDP Ventures
EDP Ventures is the corporate VC arm of EDP Energias de Portugal with €150M under management, investing globally in energy tech, cleantech, and fintech from Lisbon, Madrid, and São Paulo.
Recent Deals: APlanet Unattributed VC 2026, Dom Rock exit 2025, Green Li-ion Series A 2024
LinkedIn: EDP Ventures LinkedIn
Sector Focus: Cleantech, Energy Tech, Fintech, AI
Stage Focus: Seed, Series A, Series B
Location: Lisbon, Portugal
Website: edp.com
8. Shilling VC
Shilling is Portugal's most active early-stage VC in 2025 with a €52M fund and 15 investments made that year, backing founders across fintech, healthtech, and SaaS.
Recent Deals: 15 investments in 2025, Shilling Opportunity Fund €50M launched 2024, Sword Health (unicorn exit)
LinkedIn: Shilling VC LinkedIn
Sector Focus: Fintech, Insurtech, Healthtech, SaaS, AI
Stage Focus: Pre-Seed, Seed, Series A
Location: Lisbon, Portugal
Website: shilling.vc
9. Indico Capital
Indico Capital Partners is Lisbon's leading independent VC managing €240M+ across six funds, with a €125M Fund III anchored by the European Investment Fund in 2025.
Recent Deals: Dealroom Series B 2026, Cargofive 2026, Indico Fund III €125M close 2025
LinkedIn: Indico Capital Partners LinkedIn
Sector Focus: Fintech, Enterprise SaaS, AI, Deep Tech, Sustainability
Stage Focus: Pre-Seed, Seed, Series A
Location: Lisbon, Portugal
Website: indicocapital.com
10. GED Iberian Private Equity
GED Iberian Private Equity (now Buenavista Equity Partners) is a €900M AUM growth and private equity firm with venture capital funds focused on Iberian tech and digital innovation since 1996.
Recent Deals: Xoople 2026, Weezie €3M 2025, Unbabel €7.75M investment
LinkedIn: GED Iberian Private Equity LinkedIn
Sector Focus: Fintech, Digital Tech, SaaS, Infrastructure
Stage Focus: Series A, Growth
Location: Lisbon, Portugal
Website: gedcapital.com
Portuguese fintech regulation
Portugal's CMVM financial regulator runs 4-week sandbox for fintech startups. CMVM sandbox license closes all Lisbon fintech VCs 5 weeks faster than unlicensed.
PSD2 open banking mandate gave Portuguese fintech API access to all Iberian banks. Lisbon fintech with PSD2 API and Caixa pilot closes corporate VCs fastest.
Track your Lisbon fintech compliance and investor docs via investor relations software. Lisbon fintech VCs require CMVM docs before any term sheet discussion.
DORA regulation requires Portuguese fintech IT resilience compliance by Q2 2026. DORA-compliant Portuguese fintech closes Caixa Capital and Armilar 3 weeks faster.
Lisbon fintech deal terms
Lisbon fintech seed rounds average €800K-€2M with 15-20% dilution in 2026. Portuguese fintech with CMVM sandbox and bank pilot closes seed at 20% lower dilution.
Faber and Armilar require ESOP pool of 10-15% at seed close in Lisbon. Pre-built Portuguese ESOP pool closes Lisbon fintech due diligence 2 weeks faster.
Review Lisbon fintech term sheet via due diligence checklist before signing. Portuguese fintech term sheets include CMVM license clauses absent from UK standard SAFEs.
GED growth rounds average €5M-€15M with 20-25% dilution in Lisbon in 2026. Portuguese fintech with €500K ARR and CMVM license closes at 25% lower dilution.
Iberian fintech expansion from Lisbon
Lisbon fintech with Spain expansion plan closes Bynd and GED 4 weeks faster. Iberian fintech with Caixa and BBVA bank pilots closes all Lisbon growth VCs fastest.
Portuguese fintech expanded to Spain 40% faster in 2025 with Iberian VCs backing. Lisbon fintech with Iberian market plan closes GED growth rounds fastest.
Track your Lisbon fintech investor pipeline via fundraising guide templates. Lisbon fintech VCs open revenue and compliance sections within 48 hours of link.
EIFO-equivalent Portugal 2030 EU fund commits €2B to Portuguese fintech and tech. Portugal 2030 grant recipients close Portugal Ventures and Caixa 5 weeks faster.
Web Summit Lisbon 2025: Rewriting the VC Playbook
How to pitch a Lisbon fintech investor
Lead with CMVM sandbox license, bank pilot, and PSD2 compliance.
- 1.Get CMVM sandbox license before approaching Lisbon fintech VCs.CMVM license closes Lisbon fintech seed 5 weeks faster.
- 2.Secure Caixa or Novo Banco API pilot letter before pitching.Bank pilot converts Lisbon fintech VCs in 10 weeks.
- 3.Reach €15K MRR before approaching Faber or Armilar.MRR closes Lisbon fintech seed 4 weeks faster.
- 4.Prepare ESOP pool of 10-15% before Lisbon fintech term sheet.Pre-built ESOP closes fintech due diligence 2 weeks faster.
- 5.Track investor opens via Ellty. Follow up on compliance doc views.Lisbon fintech VCs open compliance docs before term sheet.
How Ellty helps you land a Lisbon fintech investor
Ellty is a data room for fintech rounds. Know when Faber or Armilar opens your docs.
- 1.Upload deck, MRR data, and CMVM compliance docs to Ellty.Set NDA-gated access per Lisbon fintech investor.
- 2.Share trackable links with each Lisbon fintech VC.Each VC gets a unique link. Ellty logs every open.
- 3.Follow up when VCs open your MRR and compliance sections.See which Lisbon fintech VCs reviewed your docs today.
Lisbon fintech investors: common questions
- Cheques run €200K-€20M. Seed stage writes €500K-€3M. GED growth writes €2M-€20M.
- CMVM sandbox license, PSD2 compliance, and bank pilot are standard in Lisbon 2026.
- Seed takes 6-16 weeks. CMVM sandbox adds 4 weeks. Bank pilot integration adds 6-8 weeks.
- Open banking and payments raised most. B2B fintech SaaS and DORA compliance growing fastest.
- Yes. Portuguese LDA and CMVM sandbox license open all Lisbon fintech VC networks.
