About Semapa Next
Semapa Next is a venture capital firm founded in 2017. It is primarily based out of Paco De Arcos, Portugal. As of Jun 2026, Semapa Next is an active investor, having invested in 17 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in Portugal based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of JUPUS Overall, Semapa Next portfolio has seen 1 acquisition, namely Probely. A lot of funds co-invest with Semapa Next, with names like Techstars sharing a substantial percentage of its portfolio. Semapa Next has team of 8 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Semapa Next's List of Top Investments
Semapa Next has a portfolio of 17 companies. Their most notable investments are in Oceano Fresco and LotStocks.Their portfolio spans across Germany, Portugal, United States and 6 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 12 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Semapa Next:Provider of AI-powered vegetation management software for electric utility companies. The software helps optimize resources and mitigate vegetation risk to improve infrastructure management. It combines artificial intelligence with remote sensing data from satellite and aerial imagery. The software helps utilities build data-driven vegetation management programs.
Key facts about Overstory Tech
- Founded Year: 2018
- Location: Netherlands
- Stage: Series B
- Total Funding till date: $67.8M
- Employee Count: 151 as on Sep 30, 2026
- Investors: Toba Capital, For Good Ventures and 24 Others
- Latest Funding Round: Series B, Nov 25, 2025, $*****
- Highlight: Editors' Pick
Provider of AI training data and solutions for machine learning. It offers datasets for speech recognition, medical image analysis, and content moderation. The company provides services such as data annotation, machine translation, and conversational AI development. It also offers data and model evaluation, plus multilingual AI agent support.
Key facts about Defined Crowd
- Founded Year: 2015
- Location: Seattle (United States)
- Stage: Series B
- Total Funding till date: $69.9M
- Employee Count: 216 as on Sep 30, 2026
- Investors: Mastercard, Kibo Ventures and 12 Others
- Latest Funding Round: Series B, Jan 25, 2024, $*****
- Highlight: Editors' Pick
3. JUPUS
AI powered enterprise legal management software. It offers AI secretary to automate the legal processes. It includes a document automation tool that extracts relevant information from documents and emails. The platform also provides an AI answering machine that understands the callers concerns, and asks for important information in real time. Features include file creation, digital signature, and more.
Key facts about JUPUS
- Founded Year: 2021
- Location: Steffeln (Germany)
- Stage: Series A
- Total Funding till date: $24.1M
- Employee Count: 91 as on Sep 30, 2026
- Investors: Carcharodon Capital, Acton Capital and 12 Others
- Latest Funding Round: Series A, Jun 23, 2026, $*****
- Highlight: Editors' Pick
4. constellr
Provider of wastewater management services. It uses space-based thermal monitoring to track water quality, detect anomalies, and support efficient resource management. The platform delivers high-resolution land surface temperature and evapotranspiration data, enabling applications in agriculture, urban planning, industrial operations, and environmental conservation. Its insights help organizations optimize irrigation, reduce water loss, and ensure sustainable use of freshwater resources.
Key facts about constellr
5. Ferovinum
Key facts about Ferovinum
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $23.1M
- Employee Count: 25 as on Mar 31, 2025
- Investors: Pollen Street Group, Shapers and 3 Others
- Latest Funding Round: Conventional Debt, Jul 01, 2025, $*****
Semapa Next's Year-on-Year Investment Trends
Semapa Next has invested in 17 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Jun 2026, it has made 4 investments in this year. Its most recent first time investment was in JUPUS and most recent follow-on round was in Overstory Tech.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 0 | 1 | 1 |
2024 | 2 | 0 | 2 |
2023 | 0 | 1 | 1 |
2022 | 4 | 0 | 4 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 4 | 0 | 4 |
Semapa Next's Investments by Stage
Semapa Next has made 8 investments in Series A stage with an average round size of $17.3M, 6 investments in Seed stage with an average round size of $4.7M and 3 investments in Series B stage with an average round size of $22.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Seed | 6 |
Series B | 3 |
Note: We have considered here, only first round of investments
Semapa Next's Investments by Sector
Semapa Next has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Vertical SaaS and Environment Tech. Notably, it has invested in 13 Tech companies, 12 Enterprise (B2B) companies, 10 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
High Tech | 4 |
Consumer | 3 |
Vertical SaaS | 3 |
Environment Tech | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Semapa Next's Investments by Geography
Semapa Next has made most investments in Portugal (4), followed by Germany where it has made 3 investments.Country | No. of Investments |
|---|---|
Portugal | 4 |
Germany | 3 |
United States | 3 |
United Kingdom | 2 |
Australia | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Semapa Next's recent investments
Semapa Next has made 4 investments in 2026 so far. JUPUS and Gigaton are the latest among them.Here are the most recent investments by Semapa Next:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | Germany | Series A | 2334 | [+2] | |
Jun 03, 2026 | United Kingdom | Series A | 8938 | [+5] | |
Mar 11, 2026 | Norway | Seed | 2928 | [+1] | |
Feb 10, 2026 | Germany | Series A | 5390 | [+5] | |
Nov 25, 2025 | Netherlands | Series B | 3343 | [+8] |
Acquired companies in Semapa Next's Portfolio
1 company from Semapa Next's portfolio has been acquired. The most recent acquisition was Probely in Nov 2024 by Snyk for $*****.Here are Semapa Next's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 12, 2024 | Nov 08, 2022 | Series A | 5748 |
Team profile of Semapa Next
Semapa Next has a team of 8 members including 2 Partners and 4 Principals located in Portugal. Semapa Next's team does not sit on the board of any company as of now.Here is a list of all team members in Semapa Next:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lisbon | - | ||
Partner | Lisbon | - | ||
Principal | Lisbon | - | - | |
Principal | Cascais | - | - | |
Principal | Lisbon | - | ||
Principal | Lisbon | - | - |
Co-investors of Semapa Next
Over the past 7 years, 131 investors have co-invested in Semapa Next's portfolio companies. This includes funds and angels.
- Invested before Semapa Next: Europa, Climate Capital and 73 others have invested in rounds before Semapa Next. There are 4 companies where Europa has invested before Semapa Next and 2 companies where Climate Capital has invested before Semapa Next.
- Top Co-investors of Semapa Next: 46 investors entered a company along with Semapa Next. These include investors like Techstars (4 companies).
- Invested after Semapa Next: A total of 10 investors have invested in Semapa Next's portfolio after their investments. Top Investors include The Nature Conservancy (1 company), Blume Equity (1 company) and Energy Impact Partners (1 company).
Recent News related to Semapa Next
•
NRW.BANK invests 3 million euros in Legal-Tech startup JUPUS for AI secretariatJun 23, 2026•NRW.Bank, JUPUS, Semapa Next, HTGF and 2 others
•
Gigaton Raises $26M in Series A FundingFinSMEs•Jun 03, 2026•Planet A, Plural, Clean Growth Fund, 2150.VC and 7 others
•
Sybilion Raises $4.2 Million Seed to Build ‘Decision Layer’ for Industrial VolatilityTipRanks•Mar 12, 2026•Sybilion, Semapa Next, Venture Friends
•
Portuguese startup Sybilion secures €3.6 million to build AI-powered decision layer for industrial companiesEU-Startups•Mar 11, 2026•Semapa Next, Venture Friends, Sybilion, EWOR and 1 other
•
Constellr Raises €37 Million for Thermal Imaging SatellitesTrending Topics•Feb 10, 2026•constellr, Alpine Space, VSquared Ventures, Cardumen Capital and 8 others
•
Overstory Secures $43M Series B for AI Wildfire Prevention and Grid ResiliencePR Newswire•Nov 25, 2025•Blume Equity, Overstory Tech, PG&E, Energy Impact Partners and 10 others
•
Ferovinum secures £17.5M Series A for wine and spirits platformTech.eu•Sep 20, 2024•Ferovinum, Notion, Semapa Next
•
London-based Ferovinum A Funding And Supply Chain Platform For Wine And Spirits Raises Over €20.8 MillionEU-Startups•Sep 19, 2024•Ferovinum, Notion, Shapers, Shaper Capital and 1 other
•
Craft business platform Meisterwerk raises €6M for DACH expansionTech.eu•Jul 25, 2024•MEISTERWERK, Semapa Next, I2BF Global Ventures, Nexxus and 3 others
•
Overstory Raises $14M Series A to Help Solve Climate and Biodiversity CrisesBusiness Wire•Oct 19, 2023•Overstory Tech, B Capital, The Nature Conservancy, B Capital Group and 7 others
