Portuguese VC Índico Capital Partners launches €125 million Fund III with EIF as anchor investor
Lisbon-based venture capital firm Índico Capital Partners has launched its sixth fund, Indico VC Fund III, with a target of €125 million to invest in early-stage tech companies across Portugal, Spain, and Italy. This move signals continued investor confidence in Southern Europe's tech sector, specifically in areas like AI, DeepTech and SaaS, and aims to foster the next generation of European tech leaders. The fund has secured a €30 million anchor commitment from the European Investment Fund (EIF). Indico VC Fund III will focus on innovative tech companies in Portugal, Spain, and Italy, with investments ranging from Seed to Series B (€500k to €10 million). The firm will also consider companies from these countries based elsewhere, including the US and UK. The fund's focus areas include DeepTech, SaaS, marketplaces, AI, SpaceTech, FinTech, cybersecurity, and ocean-related companies, reflecting a broader trend of investment in high-innovation segments. This new fund is part of a larger trend of increasing venture capital activity in Europe, particularly in DeepTech, AI, and software. Other recent fund launches in the region include Armilar Venture Partners' Fund IV, focused on DeepTech and digital transformation in Iberia, and Future Energy Ventures' Fund II, targeting energy-tech solutions across Europe. These investments highlight the growing European interest in these sectors and indicate a healthy ecosystem for digital innovation. With strong institutional backing from the EIF and a focus on high-growth sectors, Indico VC Fund III is well-positioned to capitalize on the momentum in European DeepTech and SaaS investment. The fund aims to provide both capital and support to promising companies. This approach underscores the strategic importance of nurturing European tech companies to achieve global leadership.
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