Active

Indico Capital Partners

Investor type

VC

Founded

2017

AUM

$279 M

Location

Lisboa, Lisbon, Portugal

Investment Ticket

$5-10 m

Investment Stage

Seed

Region of investment

North America Europe
Investor profile last updated: 27 May, 2026

Profile

Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, blockchain, internet of things, fintech, cybersecurity and digital companies, targeting primarily investments at Seed to Series A level. Founded in 2017, the team at Indico were previously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.

Industry

Financial Services Fintech Food and Beverage Foodtech Healthcare Services Marketing and Advertising Media and Entertainment Other Real Estate Software Transportation Music HealthTech E-commerce/Marketplace SaaS AI Technology Web3 Blockchain/Crypto Cybersecurity Mobility Security

Indico Capital Partners Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Indico Acceleration Fund I
Venture Capital (VC)
E-commerce/Marketplace
SaaS
Software
AI
Technology
Web3
Pre-seed
Seed
Series A
Europe
$5-10 m
$12 M
January 2020
‍Indico VC Fund I
Venture Capital (VC)
E-commerce/Marketplace
SaaS
Software
Blockchain/Crypto
AI
Technology
Cybersecurity
Mobility
Web3
Pre-seed
Seed
Series A
Europe
$5-10 m
$58 M
March 2020
Indico Blue Fund
Venture Capital (VC)
E-commerce/Marketplace
SaaS
Security
Software
Blockchain/Crypto
AI
Technology
Web3
Pre-seed
Seed
Series A
Europe
$5-10 m
$54 M
January 2022
‍Indico VC Fund II
Venture Capital (VC)
E-commerce/Marketplace
Fintech
SaaS
Security
Software
Blockchain/Crypto
AI
Technology
Web3
Pre-seed
Seed
Series A
Europe
$5-10 m
$109 M
October 2023
Indico VC Fund III
Venture Capital (VC)
Financial Services
Fintech
Food and Beverage
Software
Pre-seed
Seed
Europe
$5-10 m
$33 M
November 2025

Contacts

Name
Title
Email
avatar
Stephan Morais Venture Partner
Venture Partner
-
avatar
Cristina Fonseca Managing General Partner
Managing General Partner
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Investment-team contacts for Indico Capital Partners — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Indico Capital Partners

Indico Capital Partners is a venture capital firm. It backs companies at Seed, writing tickets of $5-10 m.
Indico Capital Partners is located in Lisboa, Lisbon, Portugal.
Indico Capital Partners was founded in 2017.
Indico Capital Partners invests in companies and startups in Financial Services, Fintech, Food and Beverage, Foodtech, Healthcare Services, Marketing and Advertising, Media and Entertainment, Other, Real Estate, Software, Transportation, Music, HealthTech, E-commerce/Marketplace, SaaS, AI, Technology, Web3, Blockchain/Crypto, Cybersecurity, Mobility, Security.
Indico Capital Partners invests in companies and startups in North America, Europe.
Indico Capital Partners invests in companies and startups at Seed.
Indico Capital Partners usually invests $5-10 m on average.
Indico Capital Partners has around $279m assets under management.
Indico Capital Partners last fund was created/launched in 2025-11-28
Indico Capital Partners can be reached through its website indicocapital.com, its LinkedIn page and its X account. Its general enquiries address is info@indicocapital.com. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Indico Capital Partners — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Indico Capital Partners directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 27 May, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.