Skip to content
VC FundAllocates capital directlyLAST VERIFIED Oct 2026 · 7 SOURCES

OW Ventures

Joint venture of Olisipo Way and M4 Ventures (per ECO and the Terralis Fund site) Olisipo Way and M4 Ventures

Also known as OW Ventures – SCR, S.A., OW Ventures SCR

Lisbon venture capital company (OW Ventures – SCR, S.A., CMVM entity no. 194727) managing Angels Way, Terralis Fund, COREangels Atlantic and COREangels SportsTech.

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

FOCUS

STAGES
Pre-SeedSeedSeries A
SECTORS
Software & SaaSClimate & Energy
ASSET MIX
Venture capital
GEOGRAPHY
PortugalBrazilEurope

WHAT IT IS

VC Fund. A fund manager investing capital raised from limited partners into startups.

  • Angels Way
    Community pre-seed fund (Angels Way – FCR, CMVM no. 2064) managed by OW Ventures SCR
  • Terralis Fund
    Planet-tech venture capital fund managed by OW Ventures SCR (target €20M, seed and Series A, Europe)
  • COREangels Atlantic
    COREangels network angel fund for Brazilian and Iberian startups expanding between Brazil and Europe; management taken over by OW Ventures in 2025
  • COREangels SportsTech
    €5M pan-European angel investment fund for pre-seed and seed SportsTech startups, managed by OW Ventures SCR and co-managed with COREangels
  • Tech Services Alliance
    VC fund investing in Portuguese technology-services companies

ABOUT

OW Ventures – SCR, S.A. is a CMVM-regulated venture capital management company in Lisbon, set up by Olisipo Way and M4 Ventures. It manages the Angels Way community fund (fixed €50K pre-seed tickets), the Terralis planet-tech fund (target €20M, seed and Series A, in pre-booking), the COREangels SportsTech fund and, since 2025, the COREangels Atlantic fund. ECO also reports a €10M Tech Services Alliance fund launched in May 2025. Its site reports more than €20M deployed in 70+ companies on a consolidated basis including M4 Ventures and Olisipo Way.

TEAM

  • Luis Gutman
    Managing Partner · source
  • Tocha
    Partner · source
  • José Serra
    Partner · source
  • Gonçalo Nunes
    Investments/VC · source
  • Pedro Telhado
    Investments/VC · source

LINKS

FAQ

OW Ventures is a VC fund based in Lisbon, Portugal.

Yes. OW Ventures invests directly in private companies.

OW Ventures invests at Pre-Seed, Seed and Series A stages in Software & SaaS and Climate & Energy.

Key people at OW Ventures include Luis Gutman (Managing Partner), Tocha (Partner), José Serra (Partner) and Gonçalo Nunes (Investments/VC).

Yes. OW Ventures manages capital from outside investors.