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Home Business & Finance Shilling Founders Fund is Portugal’s newest VC, with $35.6M to spend on...

Shilling Founders Fund is Portugal’s newest VC, with $35.6M to spend on early-stage startups – TechCrunch

Document Analysis NLP IA

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Summary (IA Generated)

Shilling, an early-stage VC in Portugal, has now launched a new €30M ($35.

6M) early-stage fund called Shilling Founders Fund, which is backed just over 35 successful tech founders, as well as large European VC Atomico.

The fund will run on a profit-sharing model, sharing fund returns with all of its portfolio founders.

Each portfolio founder will receive a share of our returns.

Founded by Hugo Gonçalves Pereira, António Casanova, Diogo da Silveira, João Coelho Borges, Juan Alvarez and Pedro Rutkowski in 2011, Shilling was later joined by tech founders Ricardo Jacinto (Elecctro), Miguel Santo Amaro (Uniplaces), Pedro Ramalho Carlos (IP) and Pedro Santos Vieira (GoodGuide) in the last five years.

Hugo Gonçalves Pereira, founder of Shilling, added: “We are a Portugal-based, globally ambitious, VC fund, with a founder-friendly approach to early-stage investing… and when we say founder-friendly we truly mean it: in our pre-seed program, ventures go from first call, to money in the bank, in less than 30 days.


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