Indico VC has just launched its 25 million Euro Opportunity Fund, which will invest in early stage companies that are focused on the digital age. The VC, which is based in Lisbon, has a team of seasoned entrepreneurs and venture capitalists, including Vasco Pedro, Tim Ferriss and Sumit Deshmukh. With a track record of successful investments in such industries as gaming, Internet technology and e-commerce, Indico VC aims to be an innovative and flexible venture capital firm that will help its portfolio companies grow and thrive.
Indico VC, a Lisbon-based venture capital firm, has just launched a EUR25 million Opportunity Fund. This fund is designed to invest in early stage technology companies based in Portugal. The fund will invest up to EUR5 million in four or five promising startups. It is backed by a range of investors including Tim Ferriss and Ari Newman.
The Indico VC team has a long list of investments, which includes a number of startups that were awarded startup founder of the year by Startup Portugal. These include StellarFi and Splitero. In addition, the team has mentored several startups at the Founders Institute.
The team has also led several rounds of investment in financial technology startups. Some of the companies they have invested in include a Seattle-based startup, Copper, which helps teenagers with their money management. Another company they invested in is remote-working startup, Anchorage Digital.
The Indico VC team has also recently launched an early-stage programme, with the aim of identifying promising Iberian startups. Their investments cover the pre-seed to series A stages.
A VC in Lisbon has tapped an aficionado of technology to launch a 25 million euro fund to back promising startups in the fintech, AI and medtech space. According to the press release, the aforementioned venture was born out of a partnership between the Lisbon Technology Fund and Tim Ferriss. The twosome has a combined wealth of more than a century of experience in the industry.
With the new venture, the duo plans to invest the next two years to help build a world-class FinTech and AI ecosystem. This includes founding an investment club and an accelerator to seed early stage startups, as well as a dedicated lab. During this time, the duo will also be scouting the best of the best from across the pond, as well as those from their homeland, with an eye towards expanding their footprint in the near future.
The new 25M Opportunity Fund from Lisbon’s Indico VC has a lot of bang for the buck. With a minimum investment of EUR5,000, VCs can invest in 29 companies, including the likes of Spanx, Audible, and Moov, and speculators will be able to double their bets on the best of the bunch. In the ensuing months, the fund will be making its rounds, introducing an oh so cool EUR12 million pre-seed fund, and announcing a partnership with Google for Startups in 2020.
One of the most laudable achievements of the fund is its ability to leverage its scale to make smarter decisions, from scouting out high-growth startups to partnering with Google for a future funding round. Several companies have already received funding from the VC, such as Faraway and Anchorage Virtual, and dozens more are in the works. For a company that has only been around since 2013, it’s already a force to be reckoned with.