Today, Seedrs and Portugal Ventures announced a new partnership that will provide a huge boost to the growing startup ecosystem in Portugal. The venture capital firm will start investing alongside the crowd, with a cap at €1.25 million (£1.118 million)*, into the most innovative Portuguese equity crowdfunding campaigns on the Seedrs platform. Portugal Ventures is a leading seed capital firm in Portugal, having already invested in 90 startups to date.
The partnership will see the venture capital firm investing up to 50% of the funding target into Portuguese startups raising on the platform. Startups will benefit from access to the venture platform and the network of Portugal Ventures. The venture firm is widening its portfolio within technology sectors, such as fintech, smart manufacturing, digital health, mobility, and travel tech.
Jeff Kelisky, CEO at Seedrs, commented, “We are very excited by this exclusive partnership as it gives ambitious early-stage Portuguese businesses access to quality investment as well as an incredible opportunity to take their brand to the next level by building community and marketing value. We have a long-standing relationship with Portugal Ventures, having already worked closely with them over the last couple of years. This partnership is now a strong demonstration of their belief in the quality of our deal flow, our comprehensive due diligence and the Seedrs platform.”
Celso Guedes de Carvalho, CEO at Portugal Ventures, said, “We are thrilled to deepen our ongoing relationship with Seedrs and to be able to syndicate on a leading equity crowdfunding platform. Seedrs provides a trusted and streamlined platform which will allow us to continue spearheading Portugal’s startup scene together.”
*Based on the current exchange rate.