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LC Ventures is a venture capital firm founded in 2015 and based in Lisbon, Portugal. The firm specializes in partnering with founders to develop innovative technology companies, providing support from incorporation to global expansion. Currently, LC Ventures manages over €50 million in assets under management (AUM) and has invested in more than 50 portfolio companies, primarily in the software sector.
Over the years, LC Ventures has established itself as one of Portugal's most active early-stage venture capital firms. The firm operates multiple funds, including a €9.4 million fund targeting startups in Portugal and a €20 million fund focused on renewable energy and sustainable projects. Notable milestones include the successful launch of several targeted funds aimed at supporting innovative projects in various sectors.
LC Ventures is committed to fostering growth in the technology landscape of Portugal, with a focus on software-only solutions. The firm’s strategic approach combines capital investment with hands-on operational support, ensuring that portfolio companies have the resources they need to scale effectively.
LC Ventures invests primarily at the pre-seed and seed stages in technology startups, specifically targeting software-only solutions. The firm operates through multiple funds and investment vehicles, which include the following:
LC Ventures emphasizes a hands-on approach, providing operational support and strategic guidance to its portfolio companies. The firm seeks to partner closely with founders, offering not just capital but also access to a curated network of industry-leading players to facilitate growth and scaling. This focus on collaboration and support distinguishes LC Ventures in the competitive venture capital landscape.
LC Ventures has a diverse portfolio of over 50 companies, showcasing its commitment to investing in innovative technology solutions. Notable portfolio companies include:
These companies represent a fraction of LC Ventures' extensive portfolio, which spans various sectors within the technology landscape. The firm’s focus on software-only solutions allows it to support startups that are at the forefront of technological advancement, particularly in the SaaS and climate sectors.
Pedro Falcão - Managing Partner. Pedro has extensive experience in venture capital and has led numerous successful investments in technology startups. He holds a degree in Business Administration.
Marco Soares - Managing Partner. Marco specializes in operational support for portfolio companies and has a background in software development. He is known for his strategic insights into scaling tech businesses.
Fernanda Tovar - Compliance Officer. Fernanda ensures that all investments comply with regulatory standards and has a background in legal affairs within the venture capital sector.
Frederico Couceiro - Investment Analyst. Frederico focuses on identifying promising startups and conducting due diligence. He has a strong analytical background and experience in financial modeling.
João Guichard - Investment Analyst. João supports the investment team in evaluating potential deals and has a keen interest in technology trends.
Susana Romão - Executive Assistant. Susana provides administrative support to the team and plays a key role in managing communications and scheduling.
Luís Santos - President of the Supervisory Board. Luís brings a wealth of experience in corporate governance and strategic oversight.
Pedro Santos - Board Member. Pedro has a strong background in finance and investment management.
Hugo Caetano - Board Member. Hugo specializes in technology investments and has a track record of successful exits.
To pitch to LC Ventures, founders should use the application portal available at LC Ventures Apply. It is essential to include a comprehensive deck that outlines the business model, market opportunity, and financial projections. LC Ventures prefers pitches that are concise yet informative, allowing for a quick assessment of the startup's potential.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory; however, they can enhance the chances of a favorable review.
As of March 2026, LC Ventures continues to actively manage its portfolio of over 50 companies, focusing on innovative technology startups in Portugal. The firm has recently launched several targeted funds aimed at supporting early-stage companies in the software sector and renewable energy.
LC Ventures has not reported any recent exits or significant changes in leadership, indicating a stable operational environment as they continue to support their portfolio companies.
What are LC Ventures' investment criteria?
LC Ventures primarily invests in technology startups at the pre-seed and seed stages, focusing on software-only solutions. The firm looks for innovative ideas and strong founding teams capable of executing their vision.
How can I apply or pitch to LC Ventures?
Founders can apply or pitch to LC Ventures through their application portal at LC Ventures Apply. It is recommended to include a detailed business plan and financial projections in the pitch.
What makes LC Ventures different from other VC firms?
LC Ventures distinguishes itself by offering hands-on operational support and strategic guidance alongside capital investment. The firm emphasizes close partnerships with founders to help them scale their businesses effectively.
What is the geographic scope of LC Ventures' investments?
LC Ventures primarily focuses on startups based in Portugal, although it also operates funds targeting specific regions within the country, such as the North, Centre, and Alentejo.
What is the typical check size for investments?
While specific check sizes can vary, LC Ventures typically invests in the range suitable for pre-seed and seed stages, aligning with their fund structures and investment vehicles.
What kind of post-investment involvement does LC Ventures have?
LC Ventures maintains an active role in its portfolio companies, providing ongoing operational support, strategic advice, and access to a network of industry contacts to facilitate growth.
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