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End of year note

2020 has been a challenging year for everyone. I am glad it is finally over!

The best moments in 2020, for me, were my investments in Replai.io and Skoach. João, Francisco, and Rita, thanks for welcoming me on your journey! On the personal side, I also did my 3rd investment and now have 3 amazing kids to play with while working from home 🙂

2020 was also my first year as the Portugal Startup Scene newsletter curator. I hope this newsletter, my blog, and resources curated were helpful to you and you enjoy reading it as much as I did writing it. I also want to thank João Duarte Leite for helping me setting up the newsletter and providing valuable advice. Thanks mate!

Unlike previous months, in this month newsletter I focus on what happened in 2020. For that I have put together some charts and comments, you can find them here. I have added the usual information below.

For 2021, I wish you a Happy New Year and hope you are as energized as I am! I am working on some exciting things and hope to have news to share in the upcoming weeks. Stay tuned…

Check here 2020 Yearly report

December Highlights


Aiming to support Entrepreneurs and with contributions from many of you, I put together resources for Startups based in Portugal. Visit the Resources summary page here. It includes information about investors, Term-sheets, among other resources.

Contributions with additional resources are welcome!

New resources added this month

Startup: Bizay/360imprimir (https://www.bizay.com/)

Amount: €32M

Investors: European Investment Bank, Pathena, Omnes Capital, 200m, Indico Capital Partners, LeadX Capital Partners, Iberis Capital


Startup: Virtuleap (https://virtuleap.com/)

Amount: €127k

Investors: Innovation Global Capital


Startup: GoParity (https://goparity.com/en)

Amount: €100k

Investors: Casa do Impacto


Startup: MyPolis (https://beta.mypolis.eu/)

Amount: €100k

Investors: Casa do Impacto


Startup: Manicómio (https://manicomio.pt/)

Amount: €100k

Investors: Casa do Impacto


Startup: Mentora Health (http://www.mentorahealth.com/)

Amount: €20k

Investors: Casa do Impacto


Startup: DiVERGE (https://www.diverge-sneakers.com/)

Amount: €20k

Investors: Casa do Impacto


Startup: Music Seeds

Amount: €20k

Investors: Casa do Impacto


Startup: Rural Invest

Amount: €20k

Investors: Casa do Impacto


Startup: Mad Panda (https://www.madpanda.pt/)

Amount: €20k

Investors: Casa do Impacto


Startup: Maria

Amount: €20k

Investors: Casa do Impacto


Startup: Beat the Butt

Amount: €20k

Investors: Casa do Impacto


Startup: Lovys (https://www.lovys.com/)

Amount: Unknown

Investors: Portugal Ventures


Startup: BetProtocol (https://www.betprotocol.com/)

Amount: Unknown

Investors: Ganexa Capital


Startup: Algarve Sun Boat trips (https://www.algarvesunboat.com/)

Amount: Unknown

Investors: Portugal Ventures

Startup | Type of transaction | Value of the transaction

  • Redcatpig Studio | + Portugal Ventures participation
  • 360imprimir | Initially reported: €12.5M investment round ; Updated to: €32M + European Investment Bank
  • Peoople | Initially reported: Portuguese round ; Updated: International round
  • Fülhaus | Initially reported: Portuguese round ; Updated: International round
  • Labby | Initially reported: Portuguese round ; Updated: International round
  • Left | Initially reported: Portuguese round ; Updated: International round
  • ParaSpace | Initially reported: Portuguese round ; Updated: International round
  • QSee | Initially reported: Portuguese round ; Updated: International round
  • TicTacTrip | Initially reported: Portuguese round ; Updated: International round
  • Vuebox | Initially reported: Portuguese round ; Updated: International round
  • Sensei | + Portugal Ventures participation
  • EatTasty | + Portugal Ventures participation
  • B_Creative | + Ganexa participation
  • Climber | + Ganexa participation
  • Methodology to valuate unknown round. Check methodology slides
  • Mustard Seed Maze | Ohne – UK
  • Mustard Seed Maze | tl;dv – Germany
  • Mustard Seed Maze | Outmind – France
  • Sonae IM | Waveworks – UK
  • Mustard Seed Maze | Vanilla Steel – Germany

Portuguese startups, Venture Capital and Business Angels activity report

See also

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