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LC Ventures is a Lisbon-based venture capital firm that focuses on seed and early-stage investments in technology-driven companies. Founded in 2014, the firm primarily supports startups that are either founded in Portugal or have a subsidiary in the country. With a total assets under management (AUM) ranging from €50M to €100M, LC Ventures has established itself as one of the most active venture capital firms in Portugal.
The firm manages multiple funds, including LC Ventures I, II, and III, which target various stages of investment. Notably, LC Ventures I closed at €9.4M, while LC Ventures II is a €5M private investment vehicle. The firm has made a total of 31 investments, with an average check size of approximately €2M per round. LC Ventures is recognized for its hands-on approach, providing strategic and operational support to its portfolio companies to help them scale effectively.
LC Ventures is committed to fostering innovation and growth within the Portuguese startup ecosystem. The firm is located at Rua Visconde de Santarém, 75B, 1000-286 Lisbon, Portugal, and can be contacted via email at info@lcventures.pt.
LC Ventures invests in fast-growing, innovative companies across various sectors, including SaaS, AI, healthcare, fintech, consumer, and commerce. The firm primarily targets pre-seed, seed, and seed-plus stages, emphasizing projects that leverage technology and demonstrate significant growth potential. Their investment strategy is centered on identifying startups that can create impactful solutions and contribute positively to the broader ecosystem.
Geographically, LC Ventures focuses on companies based in Portugal, as well as those with subsidiaries in the country. This regional mandate is complemented by an interest in expanding investments into North America and Latin America. The firm seeks to partner with founders who are passionate about their projects and demonstrate a clear vision for growth. LC Ventures values technology-driven solutions and aims to support companies that are poised to disrupt their respective markets.
LC Ventures has built a diverse portfolio of 25 active companies, showcasing its commitment to supporting innovative startups. Notable portfolio companies include:
Additionally, the portfolio includes companies like Agentifai, which develops intelligent chatbots, and Landing Jobs, an IT talent marketplace. LC Ventures has confirmed two exits, further demonstrating its effectiveness in identifying and supporting high-potential startups.
David Boulton: Managing Partner at LC Ventures, David has extensive experience in venture capital and startup development. He has been instrumental in guiding the firm’s investment strategy and supporting portfolio companies in scaling their operations.
Manuel Tanger: A founding team member, Manuel has a background in technology and entrepreneurship. His expertise lies in identifying high-potential startups and providing operational support to help them grow.
Pedro Falcao: Another founding member, Pedro brings a wealth of knowledge in finance and investment management. He plays a key role in evaluating investment opportunities and managing relationships with portfolio companies.
Pedro Rocha Vieira: As a founding partner, Pedro has a strong background in technology and business development. He focuses on helping startups refine their business models and navigate market challenges.
Ricardo Marvao: A founding team member, Ricardo specializes in strategic partnerships and business growth. He leverages his network to connect portfolio companies with potential clients and partners.
To pitch LC Ventures, founders should utilize the application portal available at https://www.lcventures.pt/apply. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. LC Ventures prefers detailed information that showcases the startup's growth potential and innovative technology.
Response times may vary, but founders can expect to hear back within a few weeks after submission. While warm introductions are not mandatory, they can enhance the chances of getting noticed. LC Ventures values clarity and conciseness in pitches, so founders should aim to communicate their vision effectively.
In recent months, LC Ventures has made significant strides in the venture capital space. The firm has completed a total of 31 investments, with five lead investments in promising startups. Notably, they have confirmed two exits, showcasing their ability to identify and support high-potential companies.
LC Ventures continues to be recognized as one of the most active venture capital firms in Portugal, focusing on technology-driven solutions across various sectors. Their commitment to fostering innovation and growth within the Portuguese startup ecosystem remains strong.
What are LC Ventures' investment criteria?
LC Ventures focuses on seed and early-stage investments in technology-driven companies primarily based in Portugal or with subsidiaries in the country. They seek startups that demonstrate significant growth potential and leverage innovative technology.
How can I apply or pitch to LC Ventures?
Founders can apply through the LC Ventures application portal at https://www.lcventures.pt/apply. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes LC Ventures different from other investors?
LC Ventures is recognized for its hands-on approach, providing strategic and operational support to its portfolio companies. The firm leverages a curated network of industry experts to assist startups in scaling effectively.
What is the geographic scope of LC Ventures' investments?
While LC Ventures primarily invests in Portugal, they also consider opportunities in North America and Latin America, expanding their reach to support innovative companies in these regions.
What is the average check size for investments?
LC Ventures typically invests an average of €2M per round, focusing on pre-seed, seed, and seed-plus stages.
What kind of post-investment involvement can founders expect?
Founders can expect active involvement from LC Ventures, including mentorship, operational support, and access to a network of industry experts to help navigate challenges and scale their businesses.
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