Portugal Ventures, the venture capital firm of the Banco Português de Fomento group, has launched an investment initiative called Call Expand aimed at companies preparing for internationalization, a statement said.
In the note, Portugal Ventures noted that it was “launching for the first time an initiative aimed at companies preparing to internationalize their business”, and “applications are open until May 8”.
The company said it is paying attention “to the evolution of the ecosystem”, thus “again responding positively to a financing need for companies that want to create the conditions for the expansion of their activities on an international level”.
According to the statement, “In its 11 years of existence, Portugal Ventures has so far responded to all previous investment stages – ‘pre-seed’ and ‘seed’ – and with Call Expand it will fill this existing gap in the market in the ecosystem, to qualify companies with the necessary resources for this challenge, which is the internationalization of a company,” he continued.
According to the company, Call Expand intends to “invest in companies with high growth potential, valuation and profitability”.
For example, eligible for this initiative are “technological companies, with a developed product and presenting a turnover of at least 250 thousand euros in the last 12 months” and “from all economic sectors, except companies in the primary sector (e.g. agriculture, livestock, , fishing, food processing and others)”.
These companies must have a “significant presence and operations in Portugal (headquartered in Portugal)” with “the aim of expanding the business internationally”.
According to Portugal Ventures, the investment ticket for this initiative is between 500 thousand euros and two million euros.
“It is with great satisfaction that we are launching this initiative that will be fundamental to unlocking the potential of technology companies that intend to take the next step in growing their business. It is a crucial phase for companies opening doors open to new commercial opportunities and international investments,” said Teresa Fiúza, Vice President of Portugal Ventures, quoted in the same note.
Source: DN
