Indico Capital Partners
www.indicocapital.comÍndico invests in tech startups and ocean-related startups and SMEs. They invest between €100k-€10M in areas like AI, Deeptech, SaaS, Fintech, Spacetech, Healthtech, Consumer, and Web3, with a particular focus on companies with headquarters or significant operations in Portugal, Spain, and Italy.
Check Size
$100K - $10M
Focus Areas
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See If You're a MatchInvestment Thesis
Índico backs entrepreneurs going from local to global, with a focus on leveraging Southern European talent (Portugal, Spain, Italy) for global influence. They believe the Portuguese, Spanish, and Italian ecosystems have strong engineering talent that can generate innovative businesses at scale. Due to limited local markets, Southern European entrepreneurs are forced to have an international mindset from day one. Índico provides capital and knowledge to assist founders in their quest for global expansion.
What Sets Them Apart
- First sizable independent VC firm in Portugal (founded 2018) with proven track record backing almost all Portuguese unicorns over the past decade
- Team has been behind successful tech stories as both investors and entrepreneurs
- Unique dual-track investment strategy combining tech funds and dedicated ocean sustainability fund (launched 2022)
- Often the first investor into a startup; additional investors frequently follow their investment
- Strong partnership ecosystem including UN PRI, UNEP FI Sustainable Blue Economy Finance, and multiple sustainability initiatives
- Portfolio network effect: invested founders integrate into wider Índico community with access to dozens of successful founders and global co-investors
Portfolio Highlights
Anchorage Digital
Fintech
Arborea
Sustainability
Sword Health
Healthtech
Remote
Enterprise Saas
Barkyn
Consumer
Kencko
Consumer
Spotlite
Consumer
Zenklub
Healthtech
+ 22 more companies in their portfolio
Investment Team
14 Partners at Indico Capital Partners
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