Portuguese VC firm Shilling launches €30 million Founders Fund, backed by Atomico and over 35 Founder LPs


As we saw in the Forward Partners and Landscape VC study published last week, founders want more than just money. They’re looking for seasoned veterans with real industry know-how to help guide them to success.

To this end, Portugal-based VC firm Shilling has launched a new €30 million fund, dubbed the Founders Fund, which is backed by more than 35 founder LPs; all of whom who have been there, done that, and are now ready to fund and coach the next generation.

“We call it experience-based acceleration,” says Shilling Managing Partner Pedro Santos Vieira.

In addition to the pay-it-forward approach, Shilling is also offering portfolio investments a share of the profit on all returns. 7 companies have already been selected by the firm: Rows (spreadsheet for app creators), Vawlt (multi-cloud platform), Promptly (health analytics SaaS), Modatta (decentralised marketplace for consented personal data), Biocol Labs (DTC post-chemical pharmacy), Decipad (low-code notebook) and Detech.ai (AI-powered application and infrastructure monitoring platform)

60% of the fund is earmarked specifically for Portugal-based companies, with the remaining 40% reserved for international deals.

“Only by leveraging the collective experience of our successful founders as a basis will we be able to further accelerate the construction of a sustainable entrepreneurial ecosystem. When one of our startups triumphs, everyone in the portfolio wins”, explains Marta Palmeiro, LP Founder at Shilling.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.