April 16, 2021
Shilling Founders Fund is Portugal’s newest VC, with €30 M to spend on early-stage startups.
Shilling, a start-up VC in Portugal, has now launched a new € 30m seed fund called the Shilling Founders Fund, which is backed by just over 35 successful tech founders, as well as by the great European Atomico VC.
The fund says it has already invested in seven companies: Rows (a spreadsheet for app authors), Vawlt (a secure and resilient multi-cloud platform), and Promptly (a SaaS platform for health results analysis). , Modatta (a decentralized marketplace for agreed personal data), Biocol Labs (DTC post-chemical pharmacy), Decipad (low code notebook), Detech.ai (AI-powered application and infrastructure monitoring platform).
The fund has also launched what it calls the “Shilling Platform,” a pool of learning and resources for startups.
In a statement, Pedro Santos Vieira, managing partner at Shilling said: “We call it experience-based acceleration. Additionally, we run on a profit-sharing model. Each portfolio founder will receive a share of our returns. This twofold approach fully aligns incentives between Shilling, LPs, and portfolio founders.”
60% of the fund is earmarked specifically for Portugal-based companies, with the remaining 40% reserved for international deals.
Source: CALIFORNIA NEWS TIME, TECH.EU, AICEP