VC FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 10 SOURCES

BlueCrow Capital

Also known as BlueCrow – Sociedade de Capital de Risco, S.A.

Lisbon fund manager operating through CMVM-supervised entities, running venture capital, private equity and capital-markets funds; Next Tech Fund I (€100M target) is open for subscription.

HEADQUARTERS: Lisbon, Portugal
FOUNDED: —
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 7 people

Focus

STAGES: —
SECTORS: Food & Agriculture Deep Tech Artificial Intelligence Biotech & Life Sciences HealthTech Climate & Energy Industrial & Manufacturing Software & SaaS
ASSET MIX: Venture capitalPrivate equityPublic equitiesReal estate
GEOGRAPHY: Portugal

Overview

BlueCrow Capital is an independent Lisbon-based manager that sets up and manages alternative investment funds (venture capital, securities and real estate funds) and discretionary portfolios for institutional, corporate and private clients, operating through entities authorised and supervised by the CMVM. Its business is organised in three areas: Venture Capital, Private Equity and Capital Markets. The venture strategy targets technology and industrial projects at or beyond prototype stage in sustainable food systems, bioeconomy, deep tech (AI, biotech, medtech, AR, IoT, automation) and energy transition; Next Tech Fund I, a closed-end fund started in 2020 with a €100M target, 18–22 planned investments and an average ticket of €3–6M per deal, is open for subscription. The portfolio includes AgentifAI, Paynest, KIT-AR, Leadzai, Tonic Easy Medical, Ophiomics, SilicoLife, Oceano Fresco and Maven Pet; BlueCrow Growth Fund I was admitted to Euronext Access Lisbon on 9 July 2025.

Investment thesis

Venture investments in technology- and science-based companies with industrial ambition (sustainable food systems, bioeconomy and circularity, deep tech, energy transition), alongside private equity in unlisted assets and capital-markets funds.

PORTFOLIO (12)

AgentifAINOTABLE
Artificial Intelligence · since 2022
PaynestNOTABLE
Fintech · since 2023
Maven PetNOTABLE
HealthTech
Oceano FrescoNOTABLE
Food & Agriculture · since 2018
KIT-AR
Software & SaaS · since 2024
Leadzai
Software & SaaS · since 2024
Tonic Easy Medical
HealthTech · since 2024
Ophiomics
Biotech & Life Sciences · since 2022
SilicoLife
Biotech & Life Sciences · since 2022
Ento Green
Food & Agriculture · since 2020
Bandora
Climate & Energy · since 2024
Flowbotic Mobile Systems
Industrial & Manufacturing · since 2023

People

António Mello Campello
Co-Fundador & Sócio · source
Bernardo Empis Meira
Co-Fundador & Sócio · source
Duarte Calheiros e Menezes
Sócio & Gestor de Fundos · source
Fernando Mendonça Lima
Jurídico & Sócio · source
Francisco Sousa Louro
Gestor de Fundos · source
Margarida Orozco Paneiro
Investimentos · source
Maria Margarida Ponte
Investimentos · source

Frequently asked questions

BlueCrow Capital is a VC fund based in Lisbon, Portugal.

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

BlueCrow Capital invests in Food & Agriculture, Deep Tech, Artificial Intelligence, Biotech & Life Sciences, HealthTech, Climate & Energy, Industrial & Manufacturing and Software & SaaS.

BlueCrow Capital's stated ticket size is €3M–€6M.

Key people at BlueCrow Capital include António Mello Campello (Co-Fundador & Sócio), Bernardo Empis Meira (Co-Fundador & Sócio), Duarte Calheiros e Menezes (Sócio & Gestor de Fundos) and Fernando Mendonça Lima (Jurídico & Sócio).

BlueCrow Capital's investments include AgentifAI, Paynest, Maven Pet, Oceano Fresco, KIT-AR, Leadzai, Tonic Easy Medical and Ophiomics, among others.

Yes. BlueCrow Capital manages capital from outside investors.