According to BlockBeats, on October 19, Lisbon-based early-stage venture capital firm Indico Capital Partners has raised 76 million euros and announced that the Bank of Portugal (BPF) has increased its investment commitment to Indico VC Fund II from 35 million euros to 50 million euros.
It is understood that the fund is committed to supporting early-stage technology startups in the global market, with investment scope covering artificial intelligence, big data, enterprise SaaS, fintech, market, Web3, etc. Since 2019, Indico has invested 90 million euros in 49 companies, which have received more than 1.9 billion euros in total funds from global investors. Indico VC Fund II is committed to supporting early-stage technology startups. So far, the fund has completed 4 investments with a total of 14.8 million euros.