Lisbon, Portugal – October 22nd, 2026 – Beyond Vision, a leading manufacturer of unmanned aerial systems and vehicles (drones), announced today the completion of an investment round of over €28 million, co-led by Índico Capital Partners and Lince Capital, with follow-on investment from ActiveCap, a shareholder since 2024. This new funding is intended to scale industrial production capacity, accelerate technological development in AI and swarm capacity, and expand the company's international presence in the defense and critical infrastructure sectors.
Founded in 2013 and led by Dário Pedro (CEO) and Luís Miguel Campos (Chairman), Beyond Vision was born with the goal of developing innovative software solutions, driven by advanced technologies. Recognizing the potential of the autonomous unmanned vehicle sector, Beyond Vision began developing revolutionary drones based on artificial intelligence algorithms and cloud-based management platforms to meet the growing demand for these new solutions. Its drones were quickly recognized for their quality, with the company becoming an officially registered NATO supplier and winning numerous awards.
This investment comes at a time of strong acceleration, after the company grew its team to 150 employees, exceeded its estimated revenues for 2025, and expanded its list of military and civilian clients in several countries, consolidating its market position. This round aims to prepare Beyond Vision for global scalability at a time when demand for its civilian and defense solutions is growing exponentially.
Dário Pedro, CEO of Beyond Vision, said that “The capital raised in this round will be applied in several areas. First, Beyond Vision will strengthen its operational infrastructure and scale its industrial production capacity to meet the growing global demand for autonomous systems. In parallel, the company will accelerate investment in Research and Development (R&D), deepening the integration of advanced Artificial Intelligence algorithms and new functionalities in its cloud management platform. Finally, the funds will allow it to consolidate its commercial expansion into new international markets, strengthening its presence in the defense, security, and critical infrastructure monitoring sector.”
“In critical sectors such as defense, infrastructure management, and security, the reliance on cutting-edge, reliable, and sovereign technology is now a strategic priority for many countries. Beyond Vision has redefined this market by combining high-precision hardware with advanced artificial intelligence algorithms at a very competitive cost. This investment will give Beyond Vision the financial robustness needed to scale production and compete globally in important segments of autonomous unmanned vehicles,” said Stephan de Moraes, Managing General Partner of Índico Capital Partners.
Tomás Lavin Peixe, Head of Venture Capital at Lince Capital, highlights, “Lince Capital’s participation in this round reflects our conviction in the potential of a sector undergoing profound transformation. The current geopolitical context and the strengthening of European investment in defense are creating new opportunities for technology companies capable of competing internationally. We believe that Beyond Vision, due to its technological capacity, experience, and ambition, is well-positioned to seize this moment and contribute to the development of a stronger national ecosystem in high-value-added technologies.”
About Beyond Vision
Beyond Vision is a global company, founded in Portugal in 2013 by a team of experts in electrical engineering and computer science. Recognizing the almost limitless potential in the autonomous unmanned systems sector, the company pioneered the development of these systems, based on two principles: ubiquitous AI and an open, modular architecture. Their drones quickly gained recognition for their quality and reliability, making them a registered NATO supplier and winner of several international awards. They regularly participate in defense and aeronautical events, including OPEX exercises, which are fundamental to the integration of modern technologies into European defense capabilities. Beyond Vision aims to transform how organizations deploy, manage, and rely on autonomous systems, through solutions that are not only technically advanced but also reliable, scalable, and adaptable to real-world missions.
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About ActiveCap
ActiveCap Capital Partners is a Portuguese private equity fund manager, with over €120 million under management in funds registered with the Portuguese Securities Market Commission (CMVM). ActiveCap invests in small and mid-market companies with proven business models, strong export orientations and high potential for growth and transformation. Its executive team has more than 60 years of combined investment experience, supported by an Advisory Board and a network of operating partners with sector and functional expertise. As an active, long-term partner, ActiveCap works side by side with shareholders and management teams to accelerate growth and internationalization and to support sector consolidation. Together, the companies held by its funds employ more than 1,000 people and operate in over 50 countries.
About Índico Capital Partners
Índico Capital Partners is a leading independent Venture Capital fund manager based in Portugal, investing in Southern European-related global and sustainable technology companies. Índico funds invest in deep tech, software as a service, consumer, artificial intelligence, space tech, fintech, healthtech, and ocean-related companies. Índico’s range of investments goes, mostly, from Seed to Series B (500k and 10M euros) in Portuguese, Spanish, and Italian related startups. Índico is often the first investor in a startup and, given the team's backgrounds, works very closely with portfolio companies. Since 2019, Indico has invested more than 170 million euros in 61 companies, which have raised more than 3 billion dollars from global investors.
About Indico VC Fund II
Indico Venture Capital Fund II - Fundo de Capital de Risco Fechado is co-financed and supported by Programa de Venture Capital managed by BPF - Banco Português de Fomento, S.A.
About PRR
Indico Venture Capital Fund II - Fundo de Capital de Risco Fechado investment in Beyond Vision is supported by Plano de Recuperação e Resiliência (“PRR”), from the Portuguese Republic and managed by Banco Português de Fomento SA, with the financial backing of the European Union under Next Generation EU.
About Lince Capital
Lince Capital is an independent venture capital firm, registered and regulated by the Brazilian Securities and Exchange Commission (CVM), created in 2016. Lince Capital operates in the formation and management of venture capital funds and specialized investment funds with the objective of financing and supporting business opportunities with high growth potential.
It distinguishes itself through personalized and excellent support, in a close and direct relationship with each of its investors and business partners, and through the dedication of an experienced and dynamic team.