Seedrs and Portugal Ventures, a Portuguese VC firm, have jointly announced a new partnership that will provide a boost to the growing startup ecosystem in Portugal. The VC firm will start investing alongside the crowd with a stated cap of €1.25 million. This co-investing structure is designed to help fuel growth in the most innovative Portuguese campaigns crowdfunding on the Seedrs platform.
Seedrs has historically had a strong relationship with Portugal. Portugal Ventures is the first Portuguese VC firm to partner with the Seedrs investment platform. The partnership will see the VC firm investing up to 50% of the funding target into Portuguese startups raising on the platform. The venture firm will be widening its portfolio within technology sectors, such as Fintech, smart manufacturing, digital health, mobility, and travel tech.
“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,” commented Jeff Kelisky, CEO of Seedrs. “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.”
Celso Guedes de Carvalho, CEO at Portugal Ventures, said they were thrilled to work with Seedrs and to be able to syndicate investments via the leading equity crowdfunding platform;
“Seedrs provides a trusted and streamlined platform which will allow us to continue spearheading Portugal’s startup scene together.”
Seedrs has funded over 570 deals to date and has had over £300 million invested on the platform. Seedrs touts its subscription agreements that provides a level playing field between retail and professional investors in deal structure.