What Bynd Venture Capital does

Bynd Venture Capital SCR, SA is a Portuguese venture capital firm (Sociedade de Capital de Risco) headquartered in Lisbon that has operated as an Iberian pre-seed and seed investor since 2010, originally under the name Busy Angels before rebranding in 2019. The firm invests in early-stage technology startups with founders or teams based in Portugal or Spain, providing a first professional ticket of EUR 250-600k and total investment up to EUR 1.2M per portfolio company across sectors including AI and software, consumer goods, and sustainability/cleantech. The firm has invested in more than 70 startups to date and reports 10+ portfolio exits, including Enging's acquisition by Dynamox.

The firm manages five investment vehicles (FCR Leading Ventures, FCR BA Venture Fund, and FCR Bynd to Iberia III as named vehicles, plus two prior funds), with the third fund launched in 2024 and classified as an SFDR Article 8 sustainability fund. Its core proprietary technology is a portfolio-support platform providing 400+ connections across investors, talent, customers and service providers, complemented by a curated community of 60+ active portfolio founders supported through regular in-person events held across four Iberian offices (Lisbon, Porto, Barcelona, Madrid). The firm applies standard VC fund economics — management fees on assets under management and carried interest on fund returns — across multi-year fund lifecycles, with a stated 2-4 week decision process and a self-serve pitch submission form to complement network-driven deal sourcing.

The investment team consists of eight members including Chairman and Partner Santiago Salazar (co-founder), Partners Lurdes Gramaxo (Porto), Francisco Ferreira Pinto and Tomás Penaguião (both Lisbon), plus Associate Martinho Correia de Matos, Finance Manager Filipa Fonseca, and Associates Pedro Gil (Barcelona) and Jaime Deleito (Madrid). The firm has received EUR 750,000 of EU FEDER co-financing (2016-2026) for its predecessor Busy Angels investment project and has recently co-invested in cross-border rounds including Spacebackend (EUR 1.8M pre-seed, April 2026) and nuuEnergy (EUR 4.3M seed, February 2026), signaling gradual expansion beyond strictly Iberian geographies.

Name

Bynd Venture Capital

Legal name

Bynd Venture Capital SCR, SA

Website

https://bynd.vc

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Bynd Venture Capital is a Lisbon-headquartered Iberian venture capital firm investing pre-seed and seed capital (EUR 250-600k first ticket, up to EUR 1.2M total) in 70+ tech startups based in Portugal or Spain, operating across four offices and managing five investment vehicles.

Ownership category

akta.pro rank

Product category

Venture Capital Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)

Keywords

• Venture capital investing
• Pre-seed funding
• Seed stage investment
• Startup portfolio management
• Early-stage technology investing

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment management: Bynd manages 5 investment vehicles (venture capital funds) focused on pre-seed and seed investments in Iberian tech startups. Revenue is generated through standard VC fund economics including management fees on assets under management and carried interest on fund returns across multi-year fund lifecycles.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Bynd Venture Capital manages Iberian pre-seed and seed venture capital funds that invest €250–600k as the first professional ticket (up to €1.2M total per portfolio company) into tech startups whose founders or teams are based in Portugal or Spain. Portfolio companies additionally gain access to a proprietary 400+ connections platform and a curated community of 60+ active founders with regular in-person events across Bynd's Lisbon, Porto, Barcelona, and Madrid offices.

Product overview

Bynd Venture Capital is an Iberian venture capital firm operating since 2010 (originally as Busy Angels), managing 5 investment vehicles and offering pre-seed and seed investment programs (first tickets of 250-600k€, with total investment around 1.2M€) to tech startups with founders or teams based in Iberia across AI & software, consumer goods, and sustainability tech. Its named investment products include the FCR Leading Ventures and FCR BA Venture Fund funds (legacy vehicles that do not take into account EU environmental sustainability criteria), and FCR Bynd to Iberia III (the 3rd VC fund, launched in 2024 as an SFDR Article 8 Fund that integrates sustainability risks), complemented by an EU co-financed investment project (Busy Angels / IFD-FC&QC-BA-01/16) supporting pre-seed and seed investment in technology-based SMEs in Portugal.

Differentiator

Problem solved

Functional benefit

Products and services

• FCR Bynd to Iberia III (3rd VC Fund) Third Bynd venture capital fund, classified as an SFDR Article 8 Fund under EU Regulation 2019/2088, investing in Iberian pre-seed and seed tech startups with sustainability considerations integrated into the investment process.
• FCR Leading Ventures Bynd venture capital fund under management whose underlying investments do not take into account the EU criteria for environmentally sustainable economic activities.
• FCR BA Venture Fund Bynd venture capital fund under management whose underlying investments do not take into account the EU criteria for environmentally sustainable economic activities.
• Pre-seed investment program Pre-seed stage venture capital ticket offering of €250–600k as the first professional investor, with total investment around €1.2M per portfolio company, targeted at Iberian tech startups across AI & software, consumer goods, and sustainability tech.
• Seed investment program Seed-stage venture capital offering for Iberian tech startups across AI & software, consumer goods, and sustainability tech, providing capital and ongoing support to launch and scale globally from Iberia.
• 400+ connections portfolio support platform Proprietary platform connecting portfolio companies with 400+ resources including investors, talent, customers and service providers across the Iberian ecosystem.
• Active founders community (60+ founders) Curated community of 60+ active portfolio founders enabling peer learning, collaboration, and ongoing support beyond capital, with regular in-person events held across Bynd's four Iberian offices.

Quantifiable outcome

• 70+ Iberian startups invested since 2010
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Indico Capital Partners: Portugal-based early-stage VC investing in Iberian and European tech startups. Highly comparable geographic focus (Iberia, with Portugal emphasis) and stage (pre-seed/seed), competing directly for the same Iberian founder pool.
• Demium Capital: Iberian (Spain-led) early-stage VC focused on pre-seed and seed tech startups. Directly comparable stage, Iberian footprint, and sector-agnostic thesis to Bynd's pre-seed/seed model.
• Samaipata: Madrid-based early-stage VC investing across Iberia and Europe at seed and Series A. Comparable stage, Iberian focus, and multi-sector (digital, consumer, sustainability) mandate.
• JME Ventures: Spain-based early-stage VC investing at pre-seed and seed in Iberian tech startups. Comparable stage, ticket size, and regional focus, making it a direct competitor for Iberian founder deals.
• Bcombinator: Spain-based early-stage VC focused on Iberian seed and pre-seed startups. Directly comparable stage and regional mandate; notably, Bynd recently hired Pedro Gil from Bcombinator, evidencing direct competitive overlap.
• Criteria Venture Tech: Spain-based early-stage VC with deep tech and software focus. Comparable Iberian footprint and seed-stage activity; Bynd recently hired Jaime Deleito from Criteria, indicating overlap in deal sourcing and thesis.
• Athos Capital: Spain-based early-stage VC investing in Iberian tech at seed and pre-seed. Comparable stage and geography; Athos is also a recent Bynd co-investor (Spacebackend, 2026), evidencing peer positioning.

Broad incumbents

• Seaya Ventures: Spain-headquartered VC investing across Iberia at seed through growth stages, with a broader portfolio and larger AUM. Overlaps with Bynd at the seed stage but typically writes larger checks and at later stages.
• Kfund: Spain-based multi-stage VC with broader Iberian mandate and larger AUM. Competes with Bynd for Iberian early-stage deals but typically at larger check sizes and Series A focus.
• Portugal Ventures: Portugal-government-affiliated VC backing Portuguese tech startups from seed to growth. Comparable Portuguese geography and early-stage activity but with broader stage mandate and deeper institutional backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bynd-venture-capital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments77 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bynd Venture Capital