Draycott's VC Arm, Shilling, Launches €50M Fund for Growth-Stage Startups
ShillingDealroom has a profile for this one. Try Dealroom →, a Portuguese venture capital firm, has introduced a €50M Opportunity Fund aimed at supporting growth-stage startups. The fund will invest up to €5M in Series A rounds and beyond, targeting both companies within Shilling's existing portfolio and new opportunities.
As the venture capital arm of Draycott SCRDealroom has a profile for this one. Try Dealroom →, Shilling has built a reputation for early-stage investments in successful startups such as TalkaDealroom has a profile for this one. Try Dealroom →, Unbabel, and Bizay. The new fund aims to extend support to these companies as they scale, addressing a funding gap in Portugal's startup ecosystem.
Despite Portugal's thriving startup scene, the country lags behind the European average in venture capital investment-to-GDP ratios. Shilling's Opportunity Fund seeks to bridge this divide, providing crucial support to growth-stage companies.
The fund has already invested in portfolio company Coverflex and raised over 90% of its target at the first close. This initiative follows Shilling's 2021 launch of a €52 million early-stage fund backed by successful tech founders and European VC Atomico.
Source: TechCrunch
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