Skip to content
VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Angels Way

Community fund launched by Olisipo Way and managed by OW Ventures – SCR, S.A., a venture capital company created to house it Olisipo Way

Also known as Angels Way – FCR, AngelsWay, Fundo Angels Way

CMVM-registered venture capital fund (Angels Way – FCR) of 436 individual investors who vote on fixed €50K tickets into Portugal-based startups, mostly pre-seed; managed by OW Ventures.

HEADQUARTERS
Lisbon, Portugal
FOUNDED
2025
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
3 people

Focus

STAGES
Pre-SeedSeed
SECTORS
—
ASSET MIX
Venture capital
GEOGRAPHY
Portugal

Overview

Angels Way – FCR is a closed Portuguese venture capital fund registered with the CMVM (no. 2064) and managed by OW Ventures – SCR, S.A., a venture capital company created to house it. It began operating in early 2025 and its 436 participants, who subscribed from €1,200 up to €12,000 each, analyse, discuss and vote on investments, with one vote per participation unit; startups enter the process when a member sponsors them as “Angel Father”. The fund invests a fixed €50,000 in startups headquartered in Portugal, preferably at pre-seed, and is sector-agnostic; press described a target of about €1M across 20 startups. Its site reports 11 startups invested and €600K deployed, including Granter.ai, Medgical, Dojo AI and Hands On.

Investment thesis

Fixed €50,000 tickets in startups headquartered in Portugal (a strict rule), preferably pre-seed with seed possible, sector-agnostic; investment decisions taken by vote of the investor community, with a member sponsor and two elected member representatives supporting each company.

PORTFOLIO (10)

  • Granter.aiNOTABLE
    Artificial Intelligence · since 2025
  • Medgical
    HealthTech · since 2025
  • Dojo AI
    Artificial Intelligence · since 2025
  • Purrmi
    Consumer & E-commerce
  • WiseWorld
    Education
  • CourtMaster
    Software & SaaS
  • Curiouz
    Artificial Intelligence
  • ByTheLaw
    Artificial Intelligence
  • NIXAR
    Software & SaaS
  • Hands On
    Consumer & E-commerce · since 2026

People

  • Luis Gutman
    Managing Partner, OW Ventures (fund manager) · source
  • Tocha
    Partner, OW Ventures (fund manager); co-promoter of the fund · source
  • José Serra
    Partner, OW Ventures (fund manager) · source

Links

Frequently asked questions

Angels Way is a VC fund based in Lisbon, Portugal, founded in 2025.

Yes. Angels Way invests its own capital in private companies.

Angels Way invests at Pre-Seed and Seed stages.

Angels Way's stated ticket size is €50K–€50K.

Key people at Angels Way include Luis Gutman (Managing Partner, OW Ventures (fund manager)), Tocha (Partner, OW Ventures (fund manager); co-promoter of the fund) and José Serra (Partner, OW Ventures (fund manager)).

Angels Way's investments include Granter.ai, Medgical, Dojo AI, Purrmi, WiseWorld, CourtMaster, Curiouz and ByTheLaw, among others.

The most recent publicly reported investment by Angels Way is Hands On (€50K ticket (fund’s 10th investment)), announced in Feb 2026.

Angels Way states that it accepts submissions through its official contact page.

Yes. Angels Way manages capital from outside investors.