Portuguese state-backed early-stage investor Portugal Capital Ventures has launched a Boston office to help businesses in its home country expand into the US.
The investor has partnered with LB Ventures to create the office, which will particularly focus on helping Portuguese businesses in the life sciences, medical technology, IT and internet applications sectors.
PCV chairman and CEO Jose Franca said, “We are pleased to form a partnership with LBV, as it is led by an experienced entrepreneur, an investor whose track record includes venturing in the public and private sectors, and current management of the well regarded Industry and Venture Competition activities of MIT Portugal Program (MPP).
“In addition, we look forward to a most fruitful set of collaborations in Boston, immersing in the cultural environment of Kendall Square and CIC, leveraging the vast presence of world-class startups in its ecosystem, and capturing the strong drive for entrepreneurship that is ingrained in the MIT culture.”
PCV has more than €600m in assets under management.
Copyright © 2014 AltAssets