Dealflow launches €60 million fund from Lisbon

The European platform Dealflow is raising €60 million to launch a fund to help European startups from Lisbon.

“The focus will be on seed stage startups to Series A. We recently hired a senior manager from Portugal Ventures, Fernando Ferreira who will work with us. We are very optimistic in relation to Portugal and we are happy to be based in Lisbon”, he said.

The fund will involve Portuguese capital with the support of the Banco Português de Fomento. (A development bank)

“We are also trying to attract Portuguese companies, Portuguese family investment offices, among others. The entire team is based in Lisbon and we already have 20 people working in the country”, he said.

The fund should be launched within the next few months and make the first investments soon at a time when the European Union faces an increasingly competitive competition in the field of innovation.

The Dealflow managing partner said he was confident that this new instrument of financing could give a boost to the European startups sector.

“We believe that Portugal could become a centre of innovation in Europe with a lot of technological talent”, he added.

Founded in 2020, Dealflow is an online platform that is supported by Brussels and is financed by the Horizon programme. It links startups financed by European community funds and private venture capital investors.