The capital piece
of the FIKR system.
FIKR Programs gives founders embedded execution. The missing piece is the capital that funds it. FIKR Fund is the vision for a vehicle that pairs early-stage cheques with the operator team that already works alongside them. Not yet a regulated fund — but we want to know which investors would back it when the time comes.
Capital alone doesn't move startups forward.
Every startup investor has felt this: you wire €250K, the founder waves goodbye, and 18 months later you find out they hired the wrong VP of Sales, ran the wrong channel test, and burned through it. Capital without execution support is a coin flip.
Cheques without operators
Most pre-seed cheques come with mentor offers and warm intros. None come with embedded operators who write your sales playbook, sit on your calls, and ship alongside your team.
Programs that need capital
FIKR Programs (The Start + The Scale Accelerators) puts embedded operators alongside founders for 12 weeks (Start) or 6 months (Scale). Those founders need capital. Investors want execution support. The fund closes the loop.
One vehicle. Both sides aligned.
FIKR Fund invests in cohort graduates. Capital + 6 months of post-cohort embedded support. Investors fund operators they already trust because they watched them execute.
Prototype first. Regulated fund later.
We are not skipping the ladder. Phase 1 proves the model with a small prototype cohort. Phase 2 — only after Phase 1 has demonstrated returns — is the regulated fund.
Concept Cohort
4 investors × €250K. Backs 1–2 exceptional FIKR Programs graduates from cohort 01. Goal: prove the model — that capital + embedded execution beats capital alone.
- 4 investor seats only — small, transparent, hands-on
- Direct investment into 1–2 FIKR Programs graduates (Series A trajectory)
- Standard SAFE/equity terms, no fund-of-funds wrapper
- Investors see SCALEUP execution in action firsthand
- Quarterly transparency reports — like VCs publish, like accelerators don't
FIKR Fund I
Conditional on Phase 1 returns. CMVM-regulated venture vehicle. Backs 20–30 FIKR Programs graduates over a 4-year deployment cycle. Designed, not yet authorized.
- CMVM (Portuguese securities regulator) authorization required before launch
- Eligible for Portugal Golden Visa (€500K route) — for international LPs
- Eligible for D2 Entrepreneur Visa pathway (€150K route)
- Backs Start and Scale Accelerator graduates across the lifecycle
- Published metrics: IRR, DPI, TVPI, Series A rate per cohort
If we build this, here's what you get.
Phase 1 is intentionally small — 4 seats, hands-on, design-partner pricing. Investors who help us validate the model get first access to Phase 2.
First look at every FIKR cohort
Watch Start and Scale Accelerator founders execute live. Pre-investment due diligence by walking the floor for 12 weeks (Start) or 6 months (Scale).
Design-partner economics
Phase 1 investors get the lowest fee structure we will ever offer. Locked-in carry rate, locked-in management fee. We pay you back for the risk.
Shape Phase 2 before it ships
Quarterly LP-style sessions with the founding team. You influence Fund I structure: focus areas, geography, cohort criteria, investor reporting cadence.
Real metrics, published
Series A rate, exit rate, economic impact — published like VCs publish IRR. Same accountability standard FIKR Programs holds itself to.
Portugal residency pathway (later)
Phase 2 is being designed to qualify for the Portugal Golden Visa (€500K route) and D2 Entrepreneur Visa (€150K route). Not in Phase 1 — Phase 2 only, after CMVM authorization.
Co-invest rights on breakouts
If a Scale graduate goes from €800K to €5M ARR in 18 months, you get the call before anyone else for the follow-on.
Why Portugal.
FIKR's operating base is Lisbon. Portugal offers two of the most founder-friendly residency pathways in Europe. Phase 2 is designed to make both available to international LPs. (Subject to CMVM authorization — not yet active.)
The €500K route
The "venture capital fund" path of Portugal's residency-by-investment program. Phase 2 fund is being designed to qualify.
- 5-year residency with minimal stay requirement (7 days/year)
- Path to Portuguese citizenship after 5 years
- Schengen-area travel
- Family included (spouse + children)
The €150K route
For active investors / co-founder-style LPs willing to participate in the venture. Faster timeline, smaller cheque.
- 3–5 month application timeline (vs 18+ for Golden Visa)
- Qualifies via "investment in Portuguese startup" criteria
- Same residency benefits as Golden Visa after qualifying
- Suited for LPs who want closer involvement with the cohort
What this page is and isn't.
// IMPORTANT — Read this before registering interest
FIKR Fund does not exist as a regulated investment vehicle today. This page describes a vision for a fund that may be created in the future, subject to:
(1) Successful prototype cohort validating the model · (2) CMVM (Comissão do Mercado de Valores Mobiliários, Portugal's securities regulator) authorization for Phase 2 · (3) Engagement of Portuguese-licensed legal counsel and fund administrators · (4) Successful Phase 1 returns demonstrating the embedded-execution thesis.
Nothing on this page is an offer to sell or a solicitation to buy securities. No commitment is expected, requested, or implied by registering investor interest. Past performance — including FIKR Programs cohort outcomes — is not indicative of future fund returns.
The Portugal Golden Visa and D2 Entrepreneur Visa pathways described above are government programs administered by the Republic of Portugal, not products of FIKR. Eligibility, requirements and approval are determined solely by Portuguese authorities. We do not provide visa, immigration, tax, or legal advice.
Registering investor interest signals you would like to be informed if and when FIKR Fund Phase 1 (prototype) or Phase 2 (regulated fund) becomes available. You retain full discretion to decline at every stage.
Want to be part of it?
We're collecting investor interest now — to validate demand and to know who to call first when (and if) Phase 1 launches. No commitment. No subscription docs. Just a way to say "tell me when this is real."
We respond personally to every registration.