Edge42 launches 30 million euro fund for Portuguese and Brazilian startups

Edge42, a new venture capital firm founded by former Google executives Marco Oliveira and Ricardo Silva, has launched a 30 million euro fund targeting technology startups with connections to Portugal and Brazil.

The firm aims to leverage linguistic and cultural ties between the two nations to facilitate international expansion, particularly into Latin America. Priority sectors include Digital Commerce and Marketing Technology (MarTech). The initial portfolio includes five startups: Portuguese companies Bandof, Coalex, and Nixar, and Brazilian companies Begen and Beworks. These businesses focus on artificial intelligence, digital marketing, and AI system governance.

Beyond financial backing, Edge42 intends to provide operational support, market access, and connections to an executive advisory network to help founders scale their businesses globally.