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VC FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 14 SOURCES

Shilling Capital Partners

Venture capital arm of Draycott

Also known as Shilling VC, Shilling

Lisbon early-stage VC founded in 2011, the venture arm of Draycott SCR; typically invests €100K–€1M at pre-seed and seed in tech startups; 35+ founders are LPs.

HEADQUARTERS
Lisbon, Portugal
FOUNDED
2011
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
13 people

Focus

STAGES
Pre-SeedSeed
SECTORS
Artificial Intelligence
ASSET MIX
Venture capital
GEOGRAPHY
Portugal

Overview

Shilling Capital Partners (Shilling VC) is a Lisbon venture capital firm founded in 2011 and operated as the venture capital arm of the alternative asset manager Draycott SCR. It backs tech-driven startups at pre-seed and seed, typically investing between €100K and €1M, and has a Series A/B vehicle to follow on in its top portfolio companies. It runs Shilling Fund I, the Shilling Founders Fund, which shares part of the fund's profits with every portfolio founder, and the Shilling Opportunity Fund, and counts 35+ entrepreneurs as LPs. Its portfolio includes Sword Health, Coverflex, Casafari, Smartex, Fraudio and Tucuvi, with exits including Unbabel, Rows and Cargofive (all marked exited in 2026). Founders can submit a pitch and deck through its website.

Investment thesis

Disruptive, tech-driven startups with scalable business models and strong, balanced founding teams; often the first institutional investor, with follow-on capacity through the Opportunity Fund.

PORTFOLIO (12)

  • Sword HealthNOTABLE
    HealthTech · since 2025
  • CoverflexNOTABLE
    Fintech · since 2019
  • CasafariNOTABLE
    Real Estate & PropTech · since 2019
  • UnbabelNOTABLE
    Artificial Intelligence · since 2013 · Exited
  • Rows
    Software & SaaS · since 2020 · Exited
  • Cargofive
    Software & SaaS · since 2021 · Exited
  • Smartex
    Artificial Intelligence · since 2022
  • Fraudio
    Fintech · since 2022
  • Tucuvi
    HealthTech · since 2022
  • Kencko
    Consumer & E-commerce · since 2016
  • Open Cosmos
    Space · since 2023
  • Nhost
    Software & SaaS · since 2026

People

  • Ricardo Jacinto
    Managing Partner · source
  • Pedro Ramalho Carlos
    General Partner · source
  • Miguel Santo Amaro
    Venture Partner & IC Member · source
  • Maria Villas-Boas
    Operating Partner · source
  • Pedro Rosa
    Principal · source
  • Tomás Güida
    Principal · source
  • António Casanova
    Founder & IC Member · source
  • Diogo da Silveira
    Founder & IC Member · source
  • Hugo Gonçalves Pereira
    Founder & IC Member · source
  • João Coelho Borges
    Founder & IC Member · source
  • Juan Alvarez
    Founder & IC Member · source
  • Pedro Rutkowski
    Founder & IC Member · source
  • Pedro Santos Vieira
    IC Member · source

Links

Frequently asked questions

Shilling Capital Partners is a VC fund based in Lisbon, Portugal, founded in 2011.

Yes. Shilling Capital Partners invests its own capital in private companies.

Shilling Capital Partners invests at Pre-Seed and Seed stages in Artificial Intelligence.

Shilling Capital Partners's stated ticket size is €100K–€1M.

Key people at Shilling Capital Partners include Ricardo Jacinto (Managing Partner), Pedro Ramalho Carlos (General Partner), Miguel Santo Amaro (Venture Partner & IC Member) and Maria Villas-Boas (Operating Partner).

Shilling Capital Partners's investments include Sword Health, Coverflex, Casafari, Unbabel, Rows, Cargofive, Smartex and Fraudio, among others.

Shilling Capital Partners states that it accepts submissions through its official contact page.

Yes. Shilling Capital Partners manages capital from outside investors.