Shilling's newest fund, labeled "Opportunity Fund," will give it extra firepower to support early-stage startups for longer, with investments of up to €5 million for Series A and beyond.
"We want to be one of the players following our startups over their entire journey, hence this new fund," Ricardo Jacinto, managing partner at Shilling.
"As the market recovers from post-pandemic stabilization, our new fund will support growth-stage companies as they scale," Hugo Gonçalves Pereira, a founding partner at Shilling.
Despite having a vibrant startup ecosystem, Portugal has one of the lowest VC investment-to-GDP ratios in Europe - five times lower than the European average, according to Atomico.
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