€100M to leverage €100M of Private Investors.

De-Risk your investment with up to 100% matching on a deal by deal basis

Direct financial commitment in startups with co-investment and risk sharing. The 200M Fund co-investment match up to 100% of private investors’ commitment, with min €500k and max €5M.

Co-invest through a foreign entity with a Call Option

200M Fund grants a Call Option for Private national or international Co-investors, to buy 200M Fund shares at 4% IRR in the first 2 years and 6% IRR after that and until the end of 4th year.

Preferred Sectors

Life Sciences, Biotechnology, Digital and IT, Tourism, Engineering and Industry 4.0.

Investors selection criteria

Proven track record
Experience in preferred sectors
Assets under Management


A Matching Fund that aims to foster Co-investment in high growth STARTUPS in Portugal, with national or international private Co-investors

Private national or international Co-investors;
Direct financial commitment in Startups with risk sharing;
Equal terms and conditions for 200M and Co-investors.

Access to technical, commercial and market expertise;
Faster innovation and growth;
Development of better strategies to internationalize their business.

Invested Companies

We co-invest in portuguese high growth innovative startups, in partnership with qualified national or international private investors. Meet below the companies we have invested in.

Portugal is the only southern European country classified as champion of innovation

With an environment favorable to new business and technology enthusiasm, Portugal was distinguished as one of the 13 innovation champions of the first annual study of the Consumer Technology Association (CTA), which organizes the CES technology event. The ranking, ninth out of 38 countries, was announced at the opening of the most important industry fair in Las Vegas.