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Angel NetworkPuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

VSM Capital

Also known as VSM Capital SGPS, S.A.

Holding company (SGPS) set up in 2016 by a group of business angels to invest in sustainability-oriented startups, co-financed by BPF's (ex-IFD) business angels line; 10 holdings.

HEADQUARTERS
Lisbon, Portugal
FOUNDED
2016
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
2 people

Focus

STAGES
—
SECTORS
Climate & Energy
GEOGRAPHY
Portugal

Overview

VSM Capital SGPS, S.A. is a holding company created in May 2016 by a group of business angels to invest directly in companies committed to financial, environmental and social sustainability. It is an accredited vehicle under the FC&QC business angels co-investment line run by IFD (now Banco Português de Fomento), with financing agreements for the North and Algarve (phase 1) and for Madeira (phase 3), and was listed by Madeira's IDE-RAM with €150,000 available for SME internationalisation projects. Its site lists ten holdings, including DELAB, Finy Ventures, LESS, Organic Planet, SST and Three51, and seven registered business angels. In April 2021 it said it did not plan to add holdings, except for possible exceptions, and would focus on developing its existing portfolio.

PORTFOLIO (10)

  • DELAB
    Climate & Energy
  • Finy Ventures
    Fintech
  • LESS
  • Organic Planet
    Food & Agriculture
  • SST (Smart Secure Technologies)
    Climate & Energy
  • Teamplay Ventures
    Software & SaaS
  • Three51
  • Ever Shou
    Consumer & E-commerce
  • New Organic Planet
    Food & Agriculture
  • Energykeme
    Climate & Energy

People

  • Luís Pereira de Almeida
    Management Board; business angel (IAPMEI) · source
  • Jorge Dot
    Management Board, international development; business angel (IAPMEI) · source

Links

Frequently asked questions

VSM Capital is a angel network based in Lisbon, Portugal, founded in 2016.

Yes. VSM Capital invests its own capital in private companies.

VSM Capital invests in Climate & Energy.

Key people at VSM Capital include Luís Pereira de Almeida (Management Board; business angel (IAPMEI)) and Jorge Dot (Management Board, international development; business angel (IAPMEI)).

VSM Capital's investments include DELAB, Finy Ventures, LESS, Organic Planet, SST (Smart Secure Technologies), Teamplay Ventures, Three51 and Ever Shou, among others.

No. VSM Capital invests its own capital and does not raise money from outside investors.