Indico Capital Partners raises €76 million for its fund, investing in AI, Web3 and more

On Oct. 19, Vestbee reported that Indico Capital Partners, a Lisbon-based early-stage venture capital firm, raised 76 million euros for its fund Indico VC Fund II, with local Portuguese bank Banco Português de Fomento (BPF) reportedly increasing its investment commitment to Indico VC Fund II from 35 million euros to 50 million euros. The venture capital firm, which focuses on seed to Series A investments in artificial intelligence, big data, enterprise SaaS, fintech, marketing, Web3, etc., is said to have a portfolio of 19 investments of about 90 million euros.