Early-stage venture capital firm Indico Capital Partners raises €76 million for its fund, with investments covering AI, Web3 and other fields

Indico Capital Partners, an early-stage venture capital firm based in Lisbon, raised €76 million for its Indico VC Fund II. It is reported that Banco Português de Fomento (BPF), a local bank in Portugal, increased its investment commitment to Indico VC Fund II from €35 million to €50 million. The venture capital fund focuses on seed to Series A investments, covering areas such as artificial intelligence, big data, enterprise SaaS, fintech, marketing, Web3, etc. Its portfolio includes 19 companies, with a total investment of approximately €90 million.