Equity Investment Term Sheet

Fundraising is tougher than ever. VCs are pulling back. Valuations are down. Startups with long development cycles and high R&D costs are feeling the squeeze. But while traditional funding channels dry up, a powerful—and often overlooked—opportunity is emerging in Europe: Portugal.

Fundraising is tougher than ever. VCs are pulling back. Valuations are down. Startups with long development cycles and high R&D costs are feeling the squeeze. But while traditional funding channels dry up, a powerful—and often overlooked—opportunity is emerging in Europe: Portugal.

For this edition, we spoke with Luís Amorim, Head of Open Innovation at Ferrovial’s construction division. Ferrovial is a global infrastructure leader, originally founded in Spain, with a strong presence in transport, mobility, and construction—renowned for its commitment to innovation and sustainability.