Portuguese Venture Firm Shilling Launches €50 Million Fund for Growth-Stage Startups

As reported by TechCrunch, Venture firm Shilling has announced the launch of a €50 million fund to support growth-stage startups in its portfolio and elsewhere. The fund, named the 'Opportunity Fund,' will provide investments of up to €5 million for Series A and beyond, with over 90% of the fund target already raised at the first close.

Shilling aims to bridge the funding gap for growth-stage startups in Portugal, which currently has one of the lowest VC investment-to-GDP ratios in Europe. 

Shilling was founded in 2011 and has been joined by prominent entrepreneurs and founders over the years. The firm's expansion mirrors the growth of the Portuguese venture capital landscape, with other notable firms such as Indico Capital Partners also scaling up in recent years.