Indico Capital Partners Raises €76 Million For Early-Stage Tech Startups

According to BlockBeats, Lisbon-based early-stage venture capital firm Indico Capital Partners has successfully raised €76 million. Additionally, Banco de Portugal (BPF) has increased its investment commitment to the Indico VC Fund II from €35 million to €50 million. The fund aims to support early-stage tech startups in the global market, with a focus on sectors such as artificial intelligence, big data, enterprise SaaS, fintech, marketplaces, and Web3. Since its inception in 2019, Indico has invested €90 million in 49 companies, which have collectively secured over €1.9 billion from global investors. Indico VC Fund II is dedicated to backing early-stage tech ventures and has already completed four investments totaling €14.8 million.