Venture funds invest on the back of the real estate and tourism boom

 In News

Real estate focused on tourism is leading interest from venture capital fund investment in Portugal.
Companies linked to these activities attracted €373 million of investment in 2018, the year in which investment in real estate beat all records in Portugal and house prices skyrocketed over 20% in Lisbon and Porto.
The lion’s share of this investment from funds was allocated to “companies linked to real estate activities (€373 million), particularly real estate for tourism” according to a report on venture capital investment activity published on Friday (8 November) by the Portuguese securities commission CMVM.
After real estate comes the manufacturing industry (which netted €327 million) and IT and communication activities (€303 million).
In the case of venture capital companies, “The majority of the amount invested was aimed at financial service and insurance companies followed by investments in construction companies,” states the report.
Regarding all venture capital companies, real estate, financial and insurance as well as IT, and communications represented around 57.5% of all investment which were also the sectors which generated the greatest value added per capita in 2018.