Semapa Next
Venture arm of (100% owned by) Semapa
Also known as Semapa Next, S.A.
Lisbon-based corporate VC, 100% owned by Portuguese holding Semapa. Sector-agnostic; invests in European companies at Series A or, in specific cases, Series B.
- HEADQUARTERS
- Lisbon, Portugal
- FOUNDED
- 2018
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 11 people
Focus
- STAGES
- Series ASeries B
- SECTORS
- Climate & EnergyFood & AgricultureIndustrial & ManufacturingFintechArtificial IntelligenceSoftware & SaaSReal Estate & PropTech
- ASSET MIX
- Venture capital
- GEOGRAPHY
- Europe
Overview
Semapa Next, S.A. was established in 2018 by Semapa, which owns 100% of it, to diversify the group's portfolio and bring it closer to new business models and talent; it states that it operates independently. It describes itself as a sector-agnostic corporate VC investing in European companies at Series A, or in specific cases Series B, and following on in later rounds up to IPO. Its portfolio is mainly in Portugal, the UK, Germany and the Netherlands and includes Constellr, Defined.ai, Overstory, GROPYUS, Kencko and JUPUS, whose €13M Series A it led in June 2026. Beyond capital it offers support in access to networks, leadership and finance, including access to Semapa's roughly 7,000-person workforce.
Investment thesis
Sector-agnostic Series A investor in European companies aiming to become global category leaders; follows market trends such as climate tech (AgTech, FoodTech, Industrial Tech, e-commerce, logistics) and AI/ML applications in Future of Work, FinTech and PropTech.
PORTFOLIO (12)
- ConstellrNOTABLESpace
- Defined.aiNOTABLEArtificial Intelligence
- OverstoryNOTABLEClimate & Energy
- JUPUSNOTABLEArtificial Intelligence · since 2026
- Real Estate & PropTech
- Food & Agriculture
- Industrial & Manufacturing
- Climate & Energy
- Fintech
- Software & SaaS
- Food & Agriculture
- Software & SaaS · Acquired
People
Links
Frequently asked questions
Semapa Next is a corporate venture arm based in Lisbon, Portugal, founded in 2018.
Yes. Semapa Next invests its own capital in private companies.
Semapa Next invests at Series A and Series B stages in Climate & Energy, Food & Agriculture, Industrial & Manufacturing, Fintech, Artificial Intelligence, Software & SaaS and Real Estate & PropTech.
Key people at Semapa Next include Ricardo Pires (Chairman), Hugo Augusto (CEO), Daniel Nascimento (Partner and CFO) and Grégoire Viat (Principal).
Semapa Next's investments include Constellr, Defined.ai, Overstory, JUPUS, GROPYUS, Kencko, Gigaton and Airly, among others.
The most recent publicly reported investment by Semapa Next is JUPUS (Series A), announced in Jun 2026.
Semapa Next states that it accepts submissions through its official contact page.
No. Semapa Next invests its own capital and does not raise money from outside investors.