Armilar Venture Partners
Armilar Venture Partners is a prominent independent venture capital firm based in Lisbon, Portugal, specializing in early-stage and growth-stage investments in technology-driven companies. Established in 2000, the firm has over 25 years of experience and manages approximately €600 million in assets across multiple funds. Armilar focuses on deep-tech sectors, including artificial intelligence, cybersecurity, digital health, and enterprise software, primarily targeting startups in Portugal and Spain. The firm offers a comprehensive suite of services to its portfolio companies, including venture
Investing activity
Armilar Venture Partners appears in 3 AI deals tracked by the Lounge deals desk, and led 3 of them. The rounds are mostly Seed, with a median round size of $3M and the largest at $6M. The most recent are FRANK (Seed, $3.3M (EUR 2.9M), Oct 2026), Usawa (Seed, $3M, Sep 2026) and DOJO AI (Seed, $6M, Apr 2026).
Armilar Venture Partners most often invests alongside Start Ventures, Oxy Capital, Jorge Marques and Heartfelt, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Armilar Venture Partners
What AI companies has Armilar Venture Partners invested in?
Armilar Venture Partners's AI investments include FRANK, Usawa and DOJO AI. The 3 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Armilar Venture Partners based?
Armilar Venture Partners is based in Lisbon, Lisbon, Portugal.
What stage does Armilar Venture Partners invest at?
In the rounds tracked on Lounge, Armilar Venture Partners has invested at Seed, with a median round of $3M. Armilar Venture Partners led 3 of those rounds.
Who does Armilar Venture Partners co-invest with?
Armilar Venture Partners's most frequent co-investors on Lounge are Start Ventures (2 deals), Oxy Capital (1 deal), Jorge Marques (1 deal) and Heartfelt (1 deal).
How can founders reach Armilar Venture Partners?
Founders on Lounge can see Armilar Venture Partners's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Armilar Venture Partners to their Investor Pipeline to track the conversation.