Organization · Venture Capital
Armilar
Armilar is an early-stage venture capital firm based in Lisbon, Portugal, focusing on deep-tech investments. With over €600 million in assets under management, it supports the development of technology-driven startups across Europe.
Overview
What Armilar does
What Armilar is
Armilar is an early-stage venture capital firm based in Lisbon, Portugal, focusing on deep-tech investments. With over €600 million in assets under management, it supports the development of technology-driven startups across Europe.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 1999
- Approximate age
- About 27 years
- Structured capabilities
- Funder
- Last reviewed
- April 10, 2026
Official channels
Find Armilar elsewhere
Open the official website or a supported primary organization account.
Capability profile
Armilar as a funder
Investment thesis
Armilar Venture Partners is an early-stage venture capital firm focused on backing technology-differentiated companies that address significant societal challenges. With over 25 years of experience in the Iberian ecosystem, the firm emphasizes investments in digital startups leveraging technology for impactful solutions.
Focus narrative
Armilar primarily invests in early-stage companies, focusing on Seed and Series A & B stages. The firm is industry-agnostic but emphasizes opportunities where data, digitization, and connectivity are central. It seeks companies with strong technological differentiation and a global mindset, aiming for high scalability and significant valuation potential.
Value beyond capital
Armilar provides significant value-add to its portfolio companies through strategic guidance, access to a broad network of industry contacts, and expertise in scaling technology-driven businesses. The firm leverages its extensive experience in the venture capital space to help startups navigate challenges and achieve their growth objectives.
Focus and fit
- Stages
- Seed · Series A · Series B
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 20
- Recorded notable exits
- OutSystems and TxVia
Portfolio context
Notable portfolio companies include: OutSystems: A leading low-code application development platform. Feedzai: Innovating in AI-powered fraud prevention for financial services. Codacy: Enhancing code quality through automation. Sword: Advancing healthcare solutions using AI. Amplemarket: Developing next-generation sales tools. Didimo: Pioneering automated digital human generation. Rows: Creating enhanced spreadsheet solutions. CASAFARI: Addressing chaos in real estate information. Coverflex: Innovating employee compensation models. knok: Expanding healthcare accessibility. Coreflux: Improving data connectivity for IoT. TonicApp: Streamlining clinical workflows for doctors. Veeton: Redefining visual creation in fashion. Trendtracker: Offering AI-driven strategic intelligence.
Common questions
What to know about Armilar
Upseed classifies Armilar under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 10, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.