Bynd Venture Capital

Bynd Venture Capital — formerly Busy Angels — is a leading Iberian venture capital firm headquartered in Lisbon, Portugal. The firm began as a business angel network in 2010, co-founded by Francisco Ferreira Pinto and Joao Costa, before evolving into a formal VC and rebranding as Bynd in 2019. The firm launched a €10 million fund in 2019 and raised a new €40 million fund in November 2024 focused on Portuguese and Spanish tech startups. Bynd invests at pre-seed through Series A, leads rounds, and has built a portfolio of more than 35 active companies across software, SaaS, sustainability, AI, and e-commerce. Notable portfolio companies include DefinedCrowd (AI training data), Zaask (home services marketplace), Colvin (online floral delivery), Ritmo (revenue-based financing), and Woffu (HR software). The firm counts among its shareholders former Portuguese Cabinet minister Luís Mira Amaral and corporate partners including Danone, P&G, and Pepsi — relationships that provide portfolio companies with access to multinational commercial partnerships. Bynd focuses on Iberian-rooted startups with the potential to scale globally, drawing on the founders' deep experience as corporate executives to provide strategic mentorship alongside capital. The firm operates at the intersection of Southern Europe's growing entrepreneurial base and the structural capital gap that prevents promising Iberian startups from scaling as quickly as their northern European peers.