Portugal Ventures invests 5.5 Million euros in the economy of the Azores and Madeira - Portugal Ventures

Funding Rounds

▤ Summary

Portugal Ventures invested 5.5 million euros in 14 startups across the Azores and Madeira. The portfolio includes companies working in software, cybersecurity, AI, health, and IT support, alongside consumer and industrial businesses. The funding comes through the Atlantic Venture Capital Fund and regional initiatives aimed at building stronger innovation ecosystems. Several of the startups already have products, customers, or international reach, which suggests they are moving toward scale-up growth. The announcement also signals continued capital deployment into Portugal’s regional startup scene.

$ Funding

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Amount - Total raised
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Date January 22, 2024 Announcement date
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Investors Banco Português de Fomento, August One, Government of Madeira, Portugal Ventures Lead investors
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Company https://algicel.pt/ Funded company

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AI & Machine learning

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