Porto-based 33N Ventures launches €200m target Champions Growth Fund

Porto-based 33N Ventures has launched the “33N Cybersecurity, AI and Defense Tech Champions Growth Fund,” with a target volume of 200 million euros. The announcement, dated October 27, 2026, was released by the law firm Cuatrecasas, which provided advisory services for the fund’s launch.

According to Cuatrecasas, the fund is a closed-ended venture capital fund structured under Portuguese law and registered with the Portuguese regulatory authority, the CMVM, as an “EuVECA” (European Venture Capital) fund. This European designation facilitates the raising of capital across various European jurisdictions. The fund focuses on European growth-stage companies operating in the sectors of cybersecurity, AI, and defense and security technology.

33N states that it has invested more than 200 million euros since 2014; however, company profiles indicate 2022 as the founding year of the current firm. The 33N website lists Carlos Moreira da Silva as founder and managing partner, and Pablo de la Riva as co-founder and CEO.

The portfolio featured on the 33N website includes cybersecurity companies such as Exein, Equixly, Apono, Panorays, Hackuity, and Probely, as well as Osavul, a firm specializing in AI-powered threat intelligence.