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VC FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 8 SOURCES

Alpac Capital

Investment firm with locations in Portugal, Hungary and Qatar managing the CMVM-regulated East West and Luso Pannon EuVECA funds; majority shareholder of Euronews (97.6%).

HEADQUARTERS
Portugal
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
2 people

Focus

STAGES
Growth
ASSET MIX
Venture capital
GEOGRAPHY
PortugalEuropeMiddle East

Overview

Alpac Capital is an investment firm that attracts resources from different parts of the world to invest in Europe, the Middle East and Central Asia across asset classes, with locations in Portugal, Hungary and Qatar. It manages two EuVECA funds regulated by Portugal's CMVM: the East West Fund and the Luso Pannon Fund. The East West VC fund (founded 2017) makes hands-on equity investments in Hungarian, Portuguese and neighbouring countries' SMEs with scale-up potential that build digital-transformation solutions. Its portfolio includes Euronews, 4iG, Caravela Seguros and Biometrid; Euronews lists Alpac Capital as holder of 97.6% of Euronews SA.

Investment thesis

East West fund: SMEs with scale-up potential from Hungary, Portugal and neighbouring countries that develop digital-transformation solutions, with market-tested products and experienced teams; hands-on equity investments.

PORTFOLIO (12)

  • EuronewsNOTABLE
    Media & Entertainment
  • 4iGNOTABLE
    Software & SaaS
  • Caravela SegurosNOTABLE
    Fintech
  • Software & SaaS
  • Education
  • Education
  • Education
  • Software & SaaS
  • Software & SaaS
  • ALPAC-Luzon
    Climate & Energy
  • PetaPilot
    Fintech · Exited
  • ISDC 250 MW Ourique Solar Project
    Climate & Energy · Exited

People

Links

Frequently asked questions

Alpac Capital is a VC fund based in Portugal.

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

Alpac Capital invests at Growth stage in Software & SaaS and Media & Entertainment.

Key people at Alpac Capital include Pedro Vargas David (CEO and Managing Partner) and Luís Santos (Managing Partner).

Alpac Capital's investments include Euronews, 4iG, Caravela Seguros, Biometrid, DreamShaper, e-Schooling, iScholar and Login Autonom, among others.

Yes. Alpac Capital manages capital from outside investors.