Investment & Fund Management

The European Investment Fund (EIF) has committed €90 million to three venture capital funds aimed at bolstering the deep tech and cybersecurity sectors in Portugal. This strategic investment is designed to address the financial challenges faced by Portuguese tech start-ups, enabling them to scale and innovate in a competitive market. The funds involved—Armilar Venture Partners IV, Faber Tech III, and 33N Cybersecurity and Infrastructure Software Fund—are expected to leverage over €400 million in total capital, significantly enhancing the financial ecosystem for technology ventures in the region.

The 33N Cybersecurity and Infrastructure Software Fund, which specializes in cybersecurity, has already made four investments and is in the process of raising up to €150 million. This fund targets global growth-stage cybersecurity companies, including those in European, UK, Israeli, and US markets. Faber Tech III focuses on early-stage investments in science-based companies, particularly in applied sciences such as AI, robotics, and data infrastructure, with a goal of supporting innovative start-ups in Southern Europe. Meanwhile, Armilar Venture Partners IV aims to mobilize between €120 million and €250 million, concentrating on start-ups with strong technological differentiation across various sectors, including HealthTech and SpaceTech.

These investments not only reflect international confidence in Portugal as a technology hub but also underscore the EIF's critical role in promoting strategic investments that drive innovation and economic growth. The EIF's commitment is part of the broader InvestEU programme, which aims to mobilize over €372 billion in additional investments across Europe, supporting key policy priorities such as the digital transition and sustainable recovery.