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Shilling VC is a venture capital firm founded in 2011 and headquartered in Portugal. The firm specializes in investing in early-stage technology-driven startups, providing not only financial support but also access to a network of experienced entrepreneurs and investors. Shilling VC has established itself as a significant player in the European venture capital landscape, particularly in Portugal, where it has been recognized as the most active VC by deal count in 2025.
With a fund size of €50M, Shilling VC focuses on sectors such as fintech, healthcare, AI, consumer goods, biotech, and commerce. The firm operates primarily in Europe, emphasizing the importance of strong, balanced teams and disruptive ideas that can quickly enter large markets or create new segments. Over the years, Shilling VC has evolved its investment strategy to include both early-stage investments and follow-on funding through its newly launched Opportunity Fund.
Shilling VC invests in technology-driven startups with scalable business models, typically making investments ranging from €100K to €1M. The firm seeks out disruptive ideas that leverage cutting-edge technology to achieve growth. Their investment strategy emphasizes the importance of strong teams and complementary skills, ensuring that portfolio companies are well-equipped to navigate the challenges of scaling.
The firm is particularly interested in early-stage startups across various sectors, including fintech, healthcare, AI, consumer goods, biotech, and commerce. Shilling VC aims to support founders with not only financial backing but also a robust network that can provide guidance and resources throughout their growth journey.
Shilling VC has built a diverse portfolio of companies, showcasing its commitment to supporting innovative startups. Notable portfolio companies include:
António Casanova: Founder & IC Member, with a background in venture capital and entrepreneurship.
Diogo da Silveira: Founder & IC Member, experienced in startup development and investment.
Duarte Guerra: Analyst, focusing on market analysis and investment opportunities.
Hugo Gonçalves Pereira: Founder, Venture Partner & IC Member, with expertise in scaling startups.
João Coelho Borges: Founder & IC Member, involved in strategic decision-making.
Juan Alvarez: Founder & IC Member, with a strong background in technology investments.
Maria Villas-Boas: Operating Partner, providing operational support to portfolio companies.
Maria Henriques da Silva: Marketing & Brand Lead, responsible for brand strategy and outreach.
Miguel Santo Amaro: Venture Partner & IC Member, focusing on investment strategy.
Márcia Fernandes: Ops & People Coordinator, managing operations and team dynamics.
Pedro Santos Vieira: IC Member, involved in investment decisions.
Pedro Rosa: Principal, focusing on deal sourcing and evaluation.
Pedro Ramalho Carlos: General Partner, overseeing fund management and strategy.
Pedro Rutkowski: Founder & IC Member, with a background in technology and entrepreneurship.
Pedro Ferreira: Tech Engineer, providing technical insights for investments.
Ricardo Jacinto: Managing Partner, leading the investment team.
Tomás Güida: Investment Manager, focusing on portfolio management and growth strategies.
To pitch to Shilling VC, founders should use the dedicated pitch page at shilling.vc/pitch. It is recommended to include a clear overview of the business model, market opportunity, and team background in the pitch deck. Response times may vary, but the firm encourages startups to apply through this channel for the best chance of engagement.
Shilling VC operates the **Founders Fund**, which utilizes a profit-sharing model. This initiative allows portfolio founders to share in the profits generated by the fund, fostering a collaborative environment among founders and investors.
In May 2024, Shilling VC launched the €50M Shilling Opportunity Fund, aimed at growth-stage investments up to €5M in Series A and beyond. This fund marks a significant expansion of their investment strategy, allowing them to support both their existing portfolio companies and new startups.
In 2025, Shilling VC was recognized as the most active venture capital investor in Portugal by number of investments, highlighting their commitment to supporting early-stage startups in the region.
Q?
What are Shilling VC's investment criteria?
A Shilling VC focuses on early-stage, technology-driven startups with scalable business models, typically investing between €100K and €1M.
Q?
How can startups apply or pitch to Shilling VC?
A startups can pitch to Shilling VC through their dedicated pitch page at shilling.vc/pitch.
Q?
What makes Shilling VC different from other VCs?
A Shilling VC emphasizes community-driven support, providing not just capital but also access to a network of experienced entrepreneurs and investors.
Q?
What is the geographic scope of Shilling VC's investments?
A Shilling VC primarily invests in startups located in Portugal and across Europe.
Q?
What is the typical follow-on investment behavior of Shilling VC?
A Shilling VC has launched the €50M Opportunity Fund to provide follow-on investments in Series A and beyond, supporting its portfolio companies as they scale.
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