Cedrus Capital
Cedrus Capital is a Lisbon-based, CMVM-regulated Portuguese venture capital and private equity manager operating SIFIDE, Golden Visa, and Special Situations funds with ~€215M AUM for 700+ domestic and international investors.
- Company typePrivate
- Founded2020
- HeadquartersLisboa, Portugal
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Cedrus Capital does
Cedrus Capital is a Lisbon-headquartered Portuguese venture capital and private equity manager, incorporated in August 2020 as Cedrus Atlantica – Sociedade de Capital de Risco, S.A. and regulated by the Comissão do Mercado de Valores Mobiliários (CMVM) as an Alternative Investment Fund Manager. The firm manages approximately €215 million in assets under management on behalf of more than 700 investors, deploying capital across multiple fund vehicles including SIFIDE-registered tax-advantaged venture funds, Golden Visa-eligible closed-end funds (notably Cedrus Preferred Yield II with a €250,000 minimum subscription), Special Situations Funds, and discretionary asset management mandates. Its active portfolio comprises roughly 16 companies spanning technology (Tekever, dual-use drones), mobility (Indie Campers), telecommunications and energy infrastructure (Visabeira), and other industrial sectors.
The firm is led by co-founders António Serras Rendas, whose background spans Pfizer, Bluefish Pharma, and Mesa Ceramics, and Pedro Appleton Figueira, formerly of Boston Consulting Group and Banco Espírito Santo. A 6–8 person team supports fund operations, investor servicing, and portfolio management. Recent strategic actions include participation in Tekever's ~€70M Series B round in November 2024, the launch of Cedrus Preferred Yield II as a Golden Visa product targeting non-EU international investors, and GDPR/SFDR compliance certification to broaden institutional LP eligibility.
Cedrus Capital's revenue model is typical of European regulated alternative asset managers: recurring management fees on committed or invested AUM (industry standard 1–2%) supplemented by performance fees or carried interest on realized fund returns. Distribution relies on the firm's regulated status, Portuguese tax-incentive fund structuring (SIFIDE R&D credits, Golden Visa residency-linked investment), and partner-led deal sourcing networks rather than proprietary technology or quantitative strategies.
Cedrus Capital firmographics
Firmographics- Name
- Cedrus Capital
- Legal name
- Cedrus Atlantica - Sociedade de Capital de Risco, S.A.
- Website
- https://cedruscapital.pt
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cedrus Capital is a Lisbon-based, CMVM-regulated Portuguese venture capital and private equity manager operating SIFIDE, Golden Visa, and Special Situations funds with ~€215M AUM for 700+ domestic and international investors.
- Ownership category
- akta.pro rank
Cedrus Capital industry classification
Industry- Product category
- Venture Capital and Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282), Finance Services (6199), Investors, Nec (6799)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
- akta.pro secondary industry
- Real Estate Funds — Core-Plus (FSANAEAG)
Keywords
Where Cedrus Capital is headquartered
LocationHeadquarters
- HQ city
- Lisboa
- HQ country
- Portugal
- HQ region
- Europe
Offices1 record
Markets served
Cedrus Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Cedrus Capital generates revenue through management fees charged on funds under management, including SIFIDE funds for R&D investment, Golden Visa investment funds, special situations funds, and real estate/collective investment funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Golden Visa Fund - Minimum €500,000 investment |
| One time/ perpetual license | Multi-year contract | Cedrus Preferred Yield II - Minimum €250,000 investment |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Cedrus Capital product offering
Product offeringCore offering
Cedrus Capital is a Portuguese venture capital and private equity manager that structures and manages alternative investment funds targeting Portuguese small and mid-cap companies. Its fund offerings include SIFIDE R&D financing funds, Golden Visa residency-by-investment funds, Special Situations and Restructuring funds, and Asset Management through real estate and collective investment vehicles. The firm manages approximately €215 million in assets across more than 700 investors and operates under CMVM regulation.
Product overview
Cedrus Capital operates as a venture capital and private equity manager offering a portfolio of specialized investment funds. The core offering includes SIFIDE Funds (R&D financing), Golden Visa Funds (residency-by-investment), Special Situations Funds (restructuring opportunities), and Asset Management Services (real estate and collective investment). The flagship product is the Cedrus Preferred Yield II fund, a 10-year private equity vehicle targeting the Golden Visa program with €250,000 minimum investment, investing across Education, Healthcare, Industry, Technology, and Renewable Energy sectors. All funds are registered under Portuguese law and regulated by CMVM, targeting Portuguese small and mid-cap companies with assets under management exceeding €160 million across more than 700 investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Cedrus Preferred Yield II
Quantifiable outcome
- €215 million in assets under management
- +2 more outcomes
Companies that use Cedrus Capital
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles3 records
Cedrus Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cedrus Capital partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Cedrus Capital competitors and assessment
Company assessmentDirect peers
- Portugal Ventures: Portugal's largest venture capital firm, backed by the Portuguese government. Directly comparable as a domestic VC investing across multiple sectors in Portuguese startups and growth companies with multiple fund vehicles.
- ECS Capital: Portuguese private equity and venture capital firm managing multiple funds including Golden Visa-eligible vehicles. Comparable as a domestic PE/VC operator targeting Portuguese small and mid-cap opportunities with similar fund structures.
- GED Capital: Iberian private equity firm managing multiple funds including special situations and growth capital. Comparable as a mid-market PE manager in Portugal/Spain with similar thesis around SMEs and restructuring.
- Inter-Risco: Portuguese venture capital firm focused on early-stage technology investments. Comparable as a domestic VC with overlapping portfolio exposure in Portuguese tech startups.
- ES Ventures: Portuguese VC firm investing in early-stage Portuguese companies. Comparable as a domestic venture capital operator with similar investment size and sector exposure.
- Vallis Capital Partners: Portuguese private equity and venture capital firm managing Golden Visa and growth funds. Comparable as a domestic PE/VC manager offering similar residency-by-investment fund products.
Broad incumbents
- BPI Private Equity: Private equity arm of BPI, a major Portuguese bank, managing PE/VC funds in the Portuguese market. Comparable as a domestic PE/VC manager but with broader balance-sheet backing and wider product set.
Regional players
- Novabase Capital: Corporate venture and capital arm associated with Novabase, focused on technology investments in Portugal. Comparable as a Portuguese tech-focused investor, though primarily corporate venture activity.
Emerging players
- 2bpartner Capital: European private equity firm with activity in Portuguese Golden Visa funds and mid-market investments. Comparable as a manager of residency-by-investment eligible funds targeting similar investor segments.
- Silk Ven Capital: Portuguese fund manager specializing in Golden Visa eligible investment funds. Comparable as a smaller specialized competitor in the same residency-by-investment fund category.
Market position
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Cedrus Capital social profiles
Digital presenceCedrus Capital compliance and trust
Trust signalCompliance3 records
Cedrus Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cedrus Capital leadership team
Management profileNumber of profiles
Profiles8 records
Cedrus Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cedrus Capital M&A and investment
M&A and investmentM&A
Investments15 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cedrus Capital
What does Cedrus Capital do?
Cedrus Capital is a Portuguese venture capital and private equity manager that structures and manages alternative investment funds targeting Portuguese small and mid-cap companies. Its fund offerings include SIFIDE R&D financing funds, Golden Visa residency-by-investment funds, Special Situations and Restructuring funds, and Asset Management through real estate and collective investment vehicles. The firm manages approximately €215 million in assets across more than 700 investors and operates under CMVM regulation.
Is Cedrus Capital a public or private company?
Cedrus Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cedrus Capital founded?
Cedrus Capital was founded in 2020. It employs 1 to 10 people.
Where is Cedrus Capital based?
Cedrus Capital is headquartered in Lisboa, Portugal, in the Europe region.
How does Cedrus Capital make money?
One revenue line is on record: fund Management Fees.
Who are Cedrus Capital's main competitors?
Direct peers on record are Portugal Ventures, ECS Capital, GED Capital, Inter-Risco, ES Ventures and Vallis Capital Partners. BPI Private Equity is listed as a broad incumbent. Novabase Capital is listed as a regional player. Emerging players are 2bpartner Capital and Silk Ven Capital.
Does Cedrus Capital have an API?
No public API is recorded for Cedrus Capital.
What industry is Cedrus Capital in?
Cedrus Capital's product category is Venture Capital and Private Equity Fund Management. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending, with a secondary code of FSANAEAG, Real Estate Funds — Core-Plus. Its NAICS code is 523940 and its SIC code is 6282.