Lisbon, 20 March 2023 – Portugal Ventures, a venture capital firm that is part of Portuguese promotional bank Banco Português de Fomento is proud to announce the launch of a new initiative specifically for companies preparing to internationalise their businesses. Submissions run until 8 May.
In view of developments in the ecosystem and as one of its major drivers, Portugal Ventures is once again responding to a need for funding for companies looking to expand their business internationally. Over the course of its 11 years, Portugal Ventures has thus far responded to all the earlier stages of investment – pre-seed and seed. Now, with Call Expand, it will fill the existing market gap in the ecosystem, to give companies the necessary means to take their business global.
Call Expand aims at investing in companies with the potential for high growth, valuation and profitability, which meet the following eligible requirements:
- tech-based companies, with a developed product and that had a revenue of at least €250,000 in the past twelve months;
- in all economic sectors, except primary sector enterprises (e.g. agriculture, livestock, fisheries, food processing and other primary sector industries);
- have a significant presence and operations in Portugal (registered office located in Portugal), with the goal to expand the business internationally.
Investment ticket of between €500,000 and €2 million.
Teresa Fiúza, Vice President of Portugal Ventures, says “We are delighted to launch this initiative, which will be instrumental in leveraging the potential of technology companies that want to take the next step in growing their business. It is a crucial stage for companies, one that will open doors to new business and international investment opportunities. With Call Expand, Portugal Ventures will also boost Portugal’s presence on the global stage through scalable projects and businesses and highly qualified entrepreneurs, demonstrating once again why Portugal is increasingly a leading technology hub.”
