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§ Venture Capital · Portugal
Iberian venture capital firm investing in pre-seed/seed tech startups, focused on AI, software, consumer goods, sustainability tech.
Bynd Venture Capital is a firm based in Lisbon, Portugal, that invests in pre-seed and seed-stage technology startups across the Iberian Peninsula. The venture capital organization manages five investment vehicles and has backed more than 60 startups, achieving over 10 successful exits. Focusing on artificial intelligence, consumer goods, and sustainability technology, the firm provides initial investments between €250,000 and €600,000, deploying a total of up to €1.2 million per company. In November 2024, the firm launched its €40 million Fund III with backing from institutional investors like Fond-ICO and Caixa Capital. This specific vehicle has already allocated capital to early-stage portfolio companies including Equall, CircuitLeap, and Spot. Evolving from a 2010 business angel syndicate, the formal venture capital firm was founded in 2015 and is led by partners Santiago Salazar, Lurdes Gramaxo, Francisco Ferreira Pinto, and Tomás Penaguião.
Key people at Bynd Venture Capital.
Key people at Bynd Venture Capital.
Bynd Venture Capital is a leading Iberian venture capital firm founded in 2010, specializing in seed and early-stage investments in technology startups primarily connected to the Iberian Peninsula (Spain and Portugal) but also extending to other European and North American markets. Their mission is to deliver above-average returns to investors while actively supporting the growth and success of their portfolio companies through hands-on strategic, fundraising, and operational assistance. Bynd invests agnostically across sectors with a focus on IT/digital, sustainability, life sciences, and cleantech, backing bold founders with a strong Iberian DNA. They currently manage over 60 investments and maintain a founder-centric, fast, and transparent investment process, leveraging a network of 400+ connections and a community of active founders to foster ecosystem growth[1][2][3][4][5].
Bynd was established in 2010, evolving from a group of business angels into a formal venture capital firm managing multiple funds, including their third fund launched recently with €40 million under management. Key partners include Francisco Ferreira Pinto and Lurdes Gramaxo, among others, operating from Lisbon, Porto, Madrid, and Barcelona. The firm has progressively expanded its focus and fund size, rebranding to Bynd Venture Capital to reflect its ambition to build beyond the Iberian market. Their evolution highlights a commitment to integrity, entrepreneurial support, and ecosystem impact, with over 10 successful exits to date[2][4][6].
Bynd rides the wave of increasing interest in early-stage tech innovation within the Iberian Peninsula, a region gaining recognition as a vibrant startup hub. Their timing aligns with growing European and global demand for sustainable technologies, AI, and digital transformation. Bynd’s Iberian focus provides a gateway for startups to access broader European and North American markets, leveraging regional expertise and networks. Their commitment to ethical investment and ecosystem development fosters a positive impact beyond capital, supporting entrepreneurial growth and innovation in a competitive global environment[2][4][5].
Looking ahead, Bynd Venture Capital is poised to deepen its influence in the Iberian and broader European startup ecosystem by deploying its third €40 million fund. Trends such as AI, sustainability, and digital health will likely shape their investment focus, while their founder-centric model and operational support will continue to differentiate them. As the Iberian tech scene matures, Bynd’s role as a strategic partner and ecosystem builder will be critical in scaling startups to international success, reinforcing their ambition to build beyond regional boundaries and deliver long-term value to investors and entrepreneurs alike[2][4][6].
Bynd Venture Capital has 2 tracked investments across 2 companies. The latest tracked deal is $1.0M Seed in QUIXOTIC in October 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2024 | QUIXOTIC | $1.0M Seed | Bynd Venture Capital, Demium | — |
| Jul 1, 2023 | Guud Woman | $2.0M Seed | Bynd Venture Capital, Coformaco, Lyssna | — |