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Indico Capital Partners

Investor type Micro VC
Founders Cristina Fonseca Stephan Morais


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 25
Average round size
The average size of a deal this fund participated in
Portfolio companies 16
Rounds per year 5.00
Lead investments 9
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • E-Commerce
  • Internet
  • Information Technology
  • Health Care

In 2017 was created Indico Capital Partners, which is appeared as VC. The fund was located in Europe if to be more exact in Portugal. The main office of represented VC is situated in the Lisbon.

Speaking about the real fund results, this VC is 36 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2019. The common things for fund are deals in the range of 10 - 50 millions dollars. The fund is constantly included in 2-6 investment rounds annually.

Among the most popular portfolio startups of the fund, we may highlight Unbabel, Infraspeak. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - Portugal. The fund has no exact preference in some founders of portfolio startups. We can highlight the next thriving fund investment areas, such as E-Commerce, Machine Learning.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Indico Capital Partners, startups are often financed by Caixa Capital, Techstars, Speedinvest. The meaningful sponsors for the fund in investment in the same round are White Star Capital, Speedinvest, Shilling Capital Partners. In the next rounds fund is usually obtained by White Star Capital, Speedinvest, Northzone.

The overall number of key employees were 3.

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Related Funds

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Funds with similar focus

Funds from Portugal
Funds with similar focus located in Portugal:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sound Particles

Virtual World
$2M31 May 2022 Leiria, Centro, Portugal


Consumer Goods
Food and Beverage
Organic Food
$10M25 Jan 2022 New York, New York, United States


Mobile Apps
Real Estate
$1M15 Jan 2022 Austin, Texas, United States


Communication Hardware
Information Technology
$11M06 Dec 2021 Portugal, Portugal


Food Delivery
Same Day Delivery
$885K11 Nov 2021 Santa Maria, São Pedro e Matacães, Centro, Portugal


Digital Marketing
$2M31 Aug 2021 -


Financial Services
$80M25 Feb 2021 San Francisco, California, United States


Health Care
$8M10 Feb 2021 São Paulo, São Paulo, Brazil

BIZAY / 360imprimir

Made to Order
$38M03 Dec 2020 Santa Maria, São Pedro e Matacães, Centro, Portugal
Barkyn, a wellness startup for pets in Southern Europe, hits a $9.6M Series A round

– Barkyn, a European subscription service for pets, has raised $3m in funding.
– The round was led by Five Seasons Ventures and joined by Indico Capital Partners, All Iron Ventures, Portugal Ventures and Shilling Capital.
– The company plans to use the funds to expand into new markets.


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