The Portuguese venture capital firm is rethinking its strategy for local growth.
Seedrs has announced it will be partnering up with Portugal Ventures to provide a boost to the growing startup scene in Portgual. The VC firm has already invested in 90 Portuguese startups, and has promised to inject up to €1.25m into crowdfunding campaigns on the platform.
Portugal Ventures is the first VC firm from Portugal to team up with Seedrs, with the company giving new investments the benefits of access to its venture platform and network. The firm has been widening its portfolio within tech sectors like fintech, as well as in digital health, travel tech and smart manufacturing.
“We’re very excited by this exclusive partnership as it gives ambitious early stage Portuguese businesses access to quality investment and an incredible opportunity to take their brand to the next level by building community and marketing value,” said Seedrs CEO Jeff Kelisky.
“We have a long-standing relationship with Portugal Ventures, having worked closely with them over the last couple of years and this partnership is now a strong demonstration of their belief in the quality of our deal flow, due diligence and the Seedrs platform.”
The partnership will see Portugal Ventures investing up to 50 per cent of the funding target into Portuguese startups on Seedrs, in an effort to incentivise tech growth and boost the local economy.
According to Seedrs the equity crowdfunding platform is the most active in the European sector, having invested over £300m and funded over 570 deals to date.
Celso Guedes de Carvalho, CEO at Portugal Ventures, commented: “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.”