# Top 25 venture capital and private equity firms in Lisbon

Tamtam tracks 25 venture capital and private equity firms headquartered in Lisbon. This list ranks all of them by number of employees on LinkedIn, led by Arrow Global Portugal, AngelsWay 🔷 and Explorer. Their median headcount is 21. Half of them were founded in 2015 or later.

These Lisbon-based firms are active in venture capital, private equity, and broader investment management. They include both large established players and younger companies. Arrow Global Portugal, with 901 employees, focuses on credit and real estate. Explorer manages alternative investment funds in private equity, tourism, and real estate. Faber invests in deep tech, AI/data, and climate/ocean technologies, while AngelsWay invests in Portuguese early-stage startups using technology for positive global impact.

A clear pattern among these companies is their strong focus on real estate and technology investments. Many firms, such as Bondstone and DUO Capital, specialize in real estate and distressed assets, while others like Índico Capital Partners and Faber target technology sectors including SaaS, AI, and deep tech. All listed companies are headquartered in Lisbon.

🇵🇹 Lisbon · 25 companies · Updated Nov 12, 2026

| # | Company | Industry | Headquarters | Employees | Founded |
|---|---|---|---|---|---|
| 1 | [Arrow Global Portugal](https://www.tamtam.ai/c/arrow-global-portugal) (arrowglobal.pt)<br>A vertically integrated alternative investment fund manager in Europe focused on credit and real estate, with €70 billion under management | Investment Management | 🇵🇹 Lisbon | 901 |  |
| 2 | [AngelsWay 🔷](https://www.tamtam.ai/c/angelsway) (angelsway.pt)<br>Invests in Portuguese early-stage startups using technology for positive global impact. Supports the entrepreneurial ecosystem and builds a valuable, like-minded community. | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 309 | 2023 |
| 3 | [Explorer](https://www.tamtam.ai/c/explorer) (explorerinvestments.com)<br>Manages alternative investment funds in private equity, tourism, and real estate, identifying opportunities and creating sustainable value for investors and communities. | Investment Management | 🇵🇹 Lisbon | 114 | 2003 |
| 4 | [DUO Capital](https://www.tamtam.ai/c/duo-capital) (duo-capital.com)<br>Specializing in distressed asset investing & management, offering opportunities to partners, with a focus on superior performance, transparency, and customized reports | Financial Services | 🇵🇹 Lisbon | 104 | 2012 |
| 5 | [Oxy Capital](https://www.tamtam.ai/c/oxy-capital) (oxycapital.com)<br>A leading alternative asset management firm investing in private equity, distressed debt, real estate, and listed securities to provide superior returns to investors | Investment Management | 🇵🇹 Lisbon | 65 | 2012 |
| 6 | [LINCE CAPITAL](https://www.tamtam.ai/c/lince-capital) (lince-capital.com)<br>A company specializing in managing venture capital and private equity investments | Financial Services | 🇵🇹 Lisbon | 53 | 2016 |
| 7 | [Draycott](https://www.tamtam.ai/c/draycott) (draycott.pt)<br>A firm specializing in private equity investments, providing capital to companies in exchange for ownership stakes and potential profits | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 53 | 2019 |
| 8 | [TIIC](https://www.tamtam.ai/c/tiic) (tiic.pt)<br>pan-European firm specializing in leading greenfield and early-brownfield investments in transportation and social sectors, enhancing communities' quality of life. | Financial Services | 🇵🇹 Lisbon | 43 | 2008 |
| 9 | [Faber](https://www.tamtam.ai/c/faber-lisbon) (faber.vc)<br>A venture capital firm based in Lisbon investing in innovative entrepreneurs focused on deep tech, AI/data, and climate/ocean technologies for global impact | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 41 | 2013 |
| 10 | [C2 Capital Partners](https://www.tamtam.ai/c/c2-capital-partners) (c2capital.pt)<br>A leading independent private equity firm in Portugal, with dedicated teams for Growth Capital and Alternative Investments since 2009 | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 38 | 2009 |
| 11 | [Índico Capital Partners](https://www.tamtam.ai/c/indico-capital-partners) (indicocapital.com)<br>Leading independent Venture Capital firm in Portugal investing in global technology companies, specializing in SaaS, AI, blockchain, IoT, fintech, cybersecurity, and digital firms at Seed to Series A level | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 27 | 2017 |
| 12 | [Bondstone](https://www.tamtam.ai/c/bondstone) (bondstone.com)<br>An investment and management firm deploying international capital into the European real estate market, dedicated to creating long-term value for investors | Investment Management | 🇵🇹 Lisbon | 24 | 2016 |
| 13 | [HCapital Partners](https://www.tamtam.ai/c/hcapital-partners) (hcapital.pt)<br>Private equity firm focused on investing in the Iberian Middle Market, supporting company growth, international development, and shareholder reorganization for value creation | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 21 | 2014 |
| 14 | [DL Group](https://www.tamtam.ai/c/dl-group-lisbon) (dlgroup.pt)<br>A multinational holding company providing tailored solutions and consulting services for institutional investors, private individuals, and corporations worldwide | Investment Management | 🇵🇹 Lisbon | 20 | 2015 |
| 15 | [Insula Capital](https://www.tamtam.ai/c/insula-capital) (insula.capital)<br>A leading private fund management company in Portugal, creating economic impact and sustainable returns for investors through a focus on ESG goals | Investment Management | 🇵🇹 Lisbon | 19 | 1987 |
| 16 | [Horizon Equity Partners](https://www.tamtam.ai/c/horizon-equity-partners) (horizonequitypartners.com)<br>Portuguese fund manager investing in long-lasting infrastructure assets to generate high returns and ensure quality project management | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 18 | 2017 |
| 17 | [3xP Global](https://www.tamtam.ai/c/3xp-global) (3xpglobal.eu)<br>An Asset Management firm focused on ESG Integration, supporting founders, and promoting sustainable investments through active engagement and international market connections | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 18 | 2018 |
| 18 | [LinkGlobal](https://www.tamtam.ai/c/linkglobal) (linkglobalinvestments.com)<br>An international investment management firm specializing in private equity and real estate, facilitating cross-border investments between Europe and Africa | Investment Management | 🇵🇹 Lisbon | 17 |  |
| 19 | [BIZ Group](https://www.tamtam.ai/c/biz-group) (bizgroup.eu)<br>Providing consulting and management services in finance and insurance, offering investment options across Europe, with a focus on tailored solutions for each client | Financial Services | 🇵🇹 Lisbon | 14 | 2000 |
| 20 | [Haitong Capital](https://www.tamtam.ai/c/haitong-capital)<br>Specializing in private equity investment, our company focuses on acquiring and investing in private companies to drive growth and maximize returns | Investment Management | 🇵🇹 Lisbon | 9 |  |
| 21 | [Expand Capital](https://www.tamtam.ai/c/expand-capital) (expandcapital.pt)<br>A company specializing in principal investments and financial consulting, focusing on alternative investments with a transparent, disciplined approach for stable returns | Financial Services | 🇵🇹 Lisbon | 8 | 2014 |
| 22 | [Caprock Investment Partners](https://www.tamtam.ai/c/caprock-investment-partners) (caprock.pt)<br>Independent Real Estate Asset Manager and Advisor in Portugal, focusing on value add and opportunistic/development investments, partnering with investors for superior returns | Investment Management | 🇵🇹 Lisbon | 8 | 2019 |
| 23 | [fasttrack ventures](https://www.tamtam.ai/c/fasttrack-ventures) (fasttrack.vc)<br>Early stage private investment fund identifying high-growth technology startups, inviting accredited investors to co-invest, guiding for substantial exits globally | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 5 | 2015 |
| 24 | [Arcadia Group](https://www.tamtam.ai/c/arcadia-group) (joinarcadia.xyz)<br>A company at the crossroads of venture capital and digital innovation, empowering startups with capital, resources, and expertise Specializes in luxury travel experiences | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 2 |  |
| 25 | [7X Portugal Fund](https://www.tamtam.ai/c/7x-portugal-fund) (tlg.vc)<br>An investment firm specializing in providing funding and support to early-stage and growth companies with strong growth potential | Venture Capital and Private Equity Principals | 🇵🇹 Lisbon | 2 | 2020 |

## How this list is built

Every company on this list has a Tamtam company profile. The industry is the one the company gives on LinkedIn; categories such as SaaS or fintech are classified by Tamtam's AI from the company's website and LinkedIn page; and the headquarters city must match the company's own address. Companies are ranked by the number of employees on LinkedIn, and the list is refreshed every night. Classifications can be wrong, so treat the list as a starting point rather than an official ranking. Last updated Nov 12, 2026.

## More company lists in Lisbon

- [The largest companies in Lisbon](https://www.tamtam.ai/l/largest-companies-lisbon) (648)
- [Multinational companies in Lisbon](https://www.tamtam.ai/l/multinational-companies-lisbon) (156)
- [Critical infrastructure operators in Lisbon](https://www.tamtam.ai/l/critical-infrastructure-operators-lisbon) (79)
- [Public sector organisations in Lisbon](https://www.tamtam.ai/l/public-sector-organisations-lisbon) (75)
- [IT services companies in Lisbon](https://www.tamtam.ai/l/it-services-companies-lisbon) (71)
- [Financial services firms in Lisbon](https://www.tamtam.ai/l/financial-services-firms-lisbon) (67)
- [Retail chains in Lisbon](https://www.tamtam.ai/l/retail-chains-lisbon) (63)
- [IT Services and IT Consulting companies in Lisbon](https://www.tamtam.ai/l/it-services-and-it-consulting-companies-lisbon) (62)
- [Professional services firms in Lisbon](https://www.tamtam.ai/l/professional-services-firms-lisbon) (55)
- [Education providers in Lisbon](https://www.tamtam.ai/l/education-companies-lisbon) (51)
- [Consulting firms in Lisbon](https://www.tamtam.ai/l/consulting-firms-lisbon) (46)
- [Companies with a mobile app in Lisbon](https://www.tamtam.ai/l/companies-with-mobile-app-lisbon) (46)
- [Higher Education companies in Lisbon](https://www.tamtam.ai/l/higher-education-companies-lisbon) (38)
- [Software Development companies in Lisbon](https://www.tamtam.ai/l/software-development-companies-lisbon) (38)
- [Companies with in-house R&D in Lisbon](https://www.tamtam.ai/l/r-and-d-companies-lisbon) (35)
- [Corporate groups and holding companies in Lisbon](https://www.tamtam.ai/l/holding-companies-lisbon) (31)
- [Healthcare providers in Lisbon](https://www.tamtam.ai/l/healthcare-providers-lisbon) (28)
- [Research institutes in Lisbon](https://www.tamtam.ai/l/research-institutes-lisbon) (28)
- [Government Administration companies in Lisbon](https://www.tamtam.ai/l/government-administration-companies-lisbon) (27)
- [Hotel and hospitality groups in Lisbon](https://www.tamtam.ai/l/hospitality-groups-lisbon) (26)

## The same list elsewhere in Portugal

- [Venture capital and private equity firms in Portugal](https://www.tamtam.ai/l/vc-and-private-equity-firms-portugal) (34)

## The same list elsewhere

- [Venture capital and private equity firms in the world](https://www.tamtam.ai/l/vc-and-private-equity-firms-in-the-world) (6,081)
- [Venture capital and private equity firms in Europe](https://www.tamtam.ai/l/vc-and-private-equity-firms-in-europe) (2,342)

---

Source: https://www.tamtam.ai/l/vc-and-private-equity-firms-lisbon
