Indico Capital Partners
Overview
Indico Capital Partners is a venture capital firm that invests in technology and sustainable companies, primarily focusing on startups from Portugal, Spain, and Italy . Their investment sectors include Software as a Service (SaaS), marketplaces, Artificial Intelligence (AI), Internet of Things (IoT), fintech, cybersecurity, and Web3 . They typically invest from Pre-Seed to Series A stages, with amounts ranging from €100,000 to €10 million, and selectively participate in Series B and C rounds . Indico also has funds for climate action, particularly marine ecosystems, supporting companies with significant operations in Portugal .
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Talkdesk | Oct 2018 | Series B | - |
| Oscar Health, Inc. | May 2025 | pre-Series A | Lead |
| Anchorage Digital | Feb 2021 | Series C | Co-investor |
| Sword Health | Jun 2025 | Growth Equity | Co-investor |
| Feedzai | Oct 2017 | Series C | - |
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Key People
Cristina Fonseca
General Partner
Ricardo Torgal
General Partner
André Almeida Santos
Partner
Rui Rodrigues
Partner
João Pedro Roque
Principal
Rui Jerónimo
Principal
Tomás Marchão Marques
Investment Team Venture Capital
Sofia Egídio
Partner General Counsel
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Indico Capital Partners based?
Indico Capital Partners is headquartered in Lisbon, Lisbon, Portugal.
When was Indico Capital Partners founded?
Indico Capital Partners was founded in 2017.
How many portfolio companies does Indico Capital Partners have?
Indico Capital Partners has 39 portfolio companies in Caplight's dataset.
What are some companies in Indico Capital Partners's portfolio?
Portfolio companies visible on Caplight include Talkdesk, Oscar Health, Inc., Anchorage Digital, Sword Health, Feedzai.
What was Indico Capital Partners's most recent investment shown here?
Indico Capital Partners's most recent investment in this portfolio sample was in Sword Health in 2025.
What sectors does Indico Capital Partners focus on?
Indico Capital Partners focuses on Enterprise Software, Consumer & Commerce, Healthcare & Life Sciences, Healthcare & Life Sciences, Energy & Sustainability, Consumer & Commerce, Consumer & Commerce, Consumer & Commerce, Media, Entertainment & Gaming, Real Estate & PropTech, Enterprise Software, Media, Entertainment & Gaming, Media, Entertainment & Gaming, Enterprise Software, Enterprise Software, Crypto & Web3, Media, Entertainment & Gaming, Consumer & Commerce, FinTech, Consumer & Commerce, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Energy & Sustainability, Enterprise Software, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, FinTech, Enterprise Software, Healthcare & Life Sciences, Enterprise Software, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Telecommunications & Networking, AI, Data & Cloud Infrastructure, Telecommunications & Networking, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Cybersecurity, FinTech, Mobility, Transportation & Logistics, Real Estate & PropTech, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Consumer & Commerce, Frontier & Industrial Tech, Enterprise Software, Consumer & Commerce, Real Estate & PropTech, Enterprise Software, Healthcare & Life Sciences, Enterprise Software, Enterprise Software.
What company stages does Indico Capital Partners focus on?
Indico Capital Partners typically invests at the Early stage.
What is Indico Capital Partners's AUM?
Indico Capital Partners's assets under management are estimated between $100.0M and $250.0M.