HomePortugalShilling Launches €50M Venture Capital Fund

Shilling Launches €50M Venture Capital Fund

Shilling

Shilling, a Lisbon, Portugal-based VC arm of Draycott SCR, has launched the $50M Shilling Opportunity Fund.

With backing from three major national and international institutional investors, over 90% of the fund target was raised at the first close.

The vehicle will support growth-stage startups in such sectors as healthtech, SaaS, e-commerce, marketplaces, cybersecurity, ML and AI-powered solutions across industries, and Fintech and Insurtech platforms,

Shilling provides startups with capital, with investments of up to €5M for Series A and beyond, mentorship, and expertise for sustainable growth.

The Opportunity Fund has already invested in Coverflex.

The firm was founded in 2011 by Hugo Gonçalves Pereira, António Casanova, CEO of Unilever FIMA, Diogo da Silveira, Diogo da Silveira, Chair & NED in listed & fund backed European companies, João Coelho Borges, along with experienced executives Juan Alvarez and Pedro Rutkowski. Later, the team was joined by Miguel Santo Amaro (co-founder of three of Portugal’s most renowned startups, including Uniplaces and Coverflex), Ricardo Jacinto, Pedro Ramalho Carlos, and Maria Villas-Boas.

VCWire

15/05/2024