Indico Capital Partners Fund III

About Indico Capital Partners Fund III

Lisbon-based third fund backed by €30M EIF anchor. Invests from pre-seed to Series B across Southern Europe in SaaS, AI, deeptech, fintech, Web3, and more.

Investment Focus

Location / RegionPortugal

Funding StagePre Seed

Industry Focus

Ai Ml

Climate Sustainability

Cybersecurity

Deep Tech

Enterprise Software

Fintech

Iot

Space

Web3 Infrastructure

Investor Signals Profile

active

Sweet Spot

Resilient founders building urban/infra tech in Southern Europe

Southern/Eastern Europe focus

resilience founders

early-stage VC

urban innovation

sustainable infrastructure

Bullish Signals

Active content, podcast, 16K followersexternal

GP speaking IST urban innovation eventlinkedin

GP roundtable: 'Cities of Tomorrow' May 5linkedin

GP roots: IST civil engineering alumnilinkedin

Contrarian Signals

No contrarian signals recorded.

Founder Do's

Show real-world perseverance, not just talk

Building in urban tech / smart cities? Strong fit

Deep tech with infra angle welcomed

Founder Don'ts

No red flags recorded.

Key GPs & Partners

Stephan de Moraes

Managing General Partner

civil engineer turned VCurban innovationspeaker

Unlock Investor Signals

$29/month for full signal access. Cancel anytime.

View Plans Browse all Signal Profiles →

Fund Overview

Fund Size€125M

Saves0

Website

Key People

Cristina Fonseca, Stephan Morais

Stephan de MoraesManaging General Partner