The first believers in European science.

We back scientists and engineers building companies on hard technology.

[01] ABOUT US

Bondstone Ventures is a venture capital firm based in Lisbon, registered with the CMVM and part of the Bondstone group.

Our first venture fund, Maxwell Technologies I, invests at pre-seed, seed and early stage in DeepTech companies across Europe.

We back founders who combine deep technical knowledge with business sense, building technology that can create new markets or reshape existing ones.

[02] THESIS

/ GEOGRAPHY
Portugal and Spain. Selectively elsewhere in the EU
/ STAGE
Pre-seed, seed & early-stage
/ TICKET SIZE
€500,000–€1,000,000

with follow-on capacity

/ SECTORS
01 / 08

Advanced AI

AI built for a specific scientific or industrial problem, where the advantage comes from proprietary data, domain knowledge or specialized hardware.

Examples: AI accelerator and neuromorphic chip design; AI for industry, science and critical infrastructure.

Not our focus: general-purpose foundation models; consumer AI apps without proprietary data or technology.

Advanced AI

The examples shown are illustrative and not exhaustive. Areas outside our focus reflect what typically fits our stage and ticket size, not investment restrictions.

[03] TEAM

We have backgrounds in venture capital, finance, engineering, physics and operations, and have worked at firms including Morgan Stanley, Schlumberger, Buenavista Equity Partners, Farfetch and 500 Global.

[04] NEWS