Corporate VCPuts its own capital into companiesLAST VERIFIED Oct 2026 · 8 SOURCES

Caixa Capital

Private equity and venture capital manager of Caixa Geral de Depósitos

Also known as Caixa Capital – Sociedade de Capital de Risco

Lisbon PE/VC manager of the Caixa Geral de Depósitos group; its two managed funds are wholly subscribed by CGD. Invests directly (preferably Series A–B) and in VC/PE funds.

HEADQUARTERS: Lisbon, Portugal
FOUNDED: 2001
AUM: —
OUTSIDE CAPITAL: No — own capital only
TEAM LISTED: 7 people

Focus

STAGES: Series ASeries BGrowth
SECTORS: —
ASSET MIX: Venture capitalPrivate equityFunds (as LP)
GEOGRAPHY: Portugal

Overview

Caixa Capital – Sociedade de Capital de Risco, S.A. is the private equity and venture capital fund manager of the Caixa Geral de Depósitos group, wholly owned by Caixa – Banco de Investimento; it was incorporated in 2001 from CGD-group venture entities and says it has been in the market since 1991. It manages two closed-end venture funds whose sole participant is CGD: FCRF Empreender Mais (direct, mainly venture) and FCRF Caixa Fundos (fund investments). Direct venture investments target highly innovative, technology-differentiated companies, preferably in Series A and B rounds, alongside development-capital private equity stakes; indirect investments go into venture and PE funds preferably based in Portugal or run by Portuguese teams, complemented by international funds. Its listed venture portfolio includes Amplemarket, Codacy, Fever, Unbabel, Infraspeak and Hijiffy, and its fund commitments include Armilar IV, Faber Science II, Bynd to Iberia III and 33N.

Investment thesis

Direct: projects with a high degree of innovation, technological differentiation and target-market potential, preferably at Series A and B. Indirect: venture and PE funds preferably based in Portugal or managed by Portuguese teams, plus international funds aligned with its strategy.

PORTFOLIO (12)

AmplemarketNOTABLE
Software & SaaS
CodacyNOTABLE
Software & SaaS
FeverNOTABLE
Consumer & E-commerce
UnbabelNOTABLE
Artificial Intelligence
Infraspeak
Software & SaaS
Hijiffy
Artificial Intelligence
Hole19
Consumer & E-commerce
Exogenus Therapeutics
Biotech & Life Sciences
Fibersail
Deep Tech
Noxus
Artificial Intelligence
D-Orbit
Space · Exited
Smile.up
HealthTech

People

João Marques
Administrador · source
Ana Figueiredo
Investment Manager · source
Elizabete Ribeiro
Investment Manager · source
Iris Pinhão
Investment Manager · source
Walter Palma
Investment Manager · source
João Caldeira
Área Financeira e Administrativa · source
Leonor Balão
Responsável de Compliance · source

Frequently asked questions

Caixa Capital is a corporate venture arm based in Lisbon, Portugal, founded in 2001.

Yes. Caixa Capital invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Caixa Capital invests at Series A, Series B and Growth stages.

Key people at Caixa Capital include João Marques (Administrador), Ana Figueiredo (Investment Manager), Elizabete Ribeiro (Investment Manager) and Iris Pinhão (Investment Manager).

Caixa Capital's investments include Amplemarket, Codacy, Fever, Unbabel, Infraspeak, Hijiffy, Hole19 and Exogenus Therapeutics, among others.

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