Indico takes on 6 startups

The Portuguese venture capital company Indico Capital Partners lead by entrepreneurs Stephan Morais and Cristina Fonseca announced on Wednesday the latest acquisitions to their startup portfolio.

In total they have added six startups each of which will receive €100,000 of investment and participate in an acceleration programme in partnership with Google. Of the 117 companies that competed for the programme this year, the shortlist startups from Portugal, France, Spain were Art Curator Grid, an NFT and Digital Art marketplace; Bam&Boo which provides sustainable hygiene and beauty products; Bildia which has developed software for civil construction, Gorodata, an artificial intelligence platform for company purchases, Planless, a project management startup and Spotlite, a startup which has developed an infrastructures and vegetation monitoring system.

“With this investment programme and in partnership with Google it is intended to a foster greater creation of startups and offer support to the most promising startups to help them internationalise
and take advantage of greater investment opportunities, namely access to more financing from Indico which could be as much as 35 million per company”, says Stephan Morais. The 20 companies which have received Indico funds have already raised over €687 million since 2019.
Last year the Portuguese VC capital acceleration programme made a partnership with Google. The selected companies will be based at Indico’s headquarters in Lisbon getting personalised advice and support on strategy, contracting, client presentations and support in attracting more capital.