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 investments covering artificial intelligence, big data, enterprise SaaS, fintech, markets, Web3, etc.

Since 2019, Indico has invested €90 million in 49 companies that have received more than €1.9 billion in total funding from investors around the world. Indico VC Fund II is dedicated to supporting early-stage technology startups and has made four investments so far, totaling €14.8 million.