Shilling, the VC arm of Draycott SCR, has launched the Shilling Opportunity Fund.
The €50 million fund will support growth-stage startups with investments of up to €5 million for Series A and beyond.
With backing from three major national and international institutional investors, over 90 per cent of the fund target was raised at the first close.
Portugal has one of the lowest venture capital investment-to-GDP ratios in Europe — five times lower than the European average.