About Explorer Investments
Explorer Investments is a private equity firm founded in 2003. It is primarily based in Lisbon, Portugal. As of Oct 2026, Explorer Investments is an active investor with a portfolio of 66 companies, comprising 66 funding rounds and 5 acquisitions. In the last 12 months, it has participated in 4 funding rounds. The firm primarily invests in companies based in Portugal and Spain. Its portfolio is spread across a wide range of sectors from Enterprise Applications to High Tech. Its latest investment was a $***** Seed round in ForActive on Aug 05, 2026 which also saw participation from Simpact VC, Vestbee and other investors.
Overall Explorer Investments portfolio has seen 1 unicorn, 2 IPOs and 11 acquisitions including key companies like Feedzai, Unbabel and Luca. A lot of funds co-invest with Explorer Investments, with names like Lince Capital sharing a substantial percentage of its portfolio.
Explorer Investments has a team of 31 people, including 12 partners.
Explorer Investments' Portfolio
Explorer Investments has a portfolio of 66 companies. They have invested in a total of 66 companies. Their most recent investment was in ForActive (Seed round) on Aug 05, 2026. Here are the most recent investments by Explorer Investments:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Aug 05, 2026 | Seed | 5501 | and 3 others | |
Aug 05, 2026 | Series A | 3954 | ||
Dec 12, 2025 | Series A | 2111 | ||
Dec 04, 2025 | Seed | 7502 |
Explorer Investments has acquired 5 companies. Their most recent acquisition was of DevScope on Jul 10, 2023. Here are the most recent acquisitions by Explorer Investments:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Jul 10, 2023 | Provider of software development, AI, and chatbot solutions | - | 2003 | |
Feb 13, 2019 | Developer of luxury resorts, hotels, and wellness spas | - | 1995 | |
Feb 11, 2019 | Provider of propane gas supply and related services | - | 1993 | |
Jun 01, 2008 | Provides food & beverages products | - | 1993 |
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Here is the portfolio snapshot of Explorer Investments:
Investments by Year
The maximum number of investments were made in 2024
Acquisitions by Year
The maximum number of acquisitions were made in 2023
Portfolio by Location
Companies are primarily in Portugal and Spain
Portfolio by Sector
Companies are primarily in Enterprise Applications
Team profile of Explorer Investments
Explorer Investments has a team of 31 members including 12 Partners located in Portugal. Explorer Investments' team does not sit on the board of any company as of now.Here is a list of top team members in Explorer Investments:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lisbon | - | ||
Partner | Portugal | - | ||
Partner | Lisbon | - | ||
Partner | - | - | ||
Partner | Lisbon | - | ||
Partner | Lisbon | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - |
Co-investors of Explorer Investments
Over the past 23 years, 32 investors have co-invested in Explorer Investments's portfolio companies.
- Top Co-investors of Explorer Investments: 32 investors entered a company along with Explorer Investments. These include investors like Lince Capital (5 companies).
Explorer Investments News
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Neuraspace Secures €15.6 Million Funding for Space Domain Awareness Platform ExpansionSatNews•Aug 05, 2026•Neuraspace, Explorer Investments, Lince Capital, Armilar Venture Partners
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Luca Raises $8M Series A to Transform Basic Education in Mexico and Latin America With AIPRO Network•Jan 05, 2026•Pearson, 6 Degrees Capital, Luca AI, Heartcore Capital and 3 others
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Addleshaw Goddard advises Luca on closing a $7.5m series A funding roundIberianlawyer•Dec 12, 2025•Explorer Investments, 6 Degrees Capital, Luca, Addleshaw Goddard
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Spotlite raises 3.5 million to invest in satellite infrastructure monitoring platformSAPO•Dec 03, 2025•Spotlite, Indico Capital Partners, Explorer Investments
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Garrigues advises Feedzai on US$75M deal.Iberianlawyer•Oct 02, 2025•Government of Canada, DLA Piper, Lince Capital, Oxy Capital and 6 others
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Litehaus Secures €1.46 Million to Scale Affordable 3D Printed Homes3D Printing Industry•Jun 25, 2025•Litehaus, Cornerstone, Explorer Investments, Cluster
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SRS Legal advises Ethiack on €4M funding roundIberianlawyer•Dec 17, 2024•Ethiack, Srslegal, Explorer Investments, COREangels and 4 others
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Ethiack hacks cybersecurity with AI, raising €4 millionEU-Startups•Dec 11, 2024•Ethiack, Explorer Investments, COREangels, Startup Wise Guys and 5 others
