Lisbon’s Indico VC launches €25M Opportunity Fund for its scale-ups, taking it to a €141M total

Indico Capital Partners, the Lisbon, Portugal based VC, has launched a €25 million ‘Opportunity Fund’, with the help of previous LPs, to invest up to an additional €5 million in the most promising four or five companies from its first fund. Indico says this would double the maximum investment per startup from €5-10 million.
Indico launched its first €54M fund at the beginning of 2019 (covered on TechCrunch here). In 2020 it launched a Partnership with Google for Startups and a related €12 million pre-seed fund for its early stage programme.
This year it also launched a 50 million euro ‘

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