Hugo Duarte da Fonseca

Partner at Devlop

📍 Portugal🔄 Updated September 2026💼 4 investments📅 5 years investing🗓 Last invested Dec 2024
VC🌍 Portugal
4
Total investments
1
Early stage
3
Mid stage
0
Late stage
5y
Years active

Portfolio

4 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Angel Investor
Dec 2024
Angels Way (aka AW) is a community-driven investor focused on Portuguese-based early-stage Startups that have a direct impact on making the world a better place through the use of technology. The goal of Angels Way is to support and develop the Portuguese entrepreneurial ecosystem as well as to create a like minded community to bring value to everyone involved.
Investor
Dec 2023
At Meight we strive to learn about motion in all its complexity, and use that knowledge to improve the way we all move. Using data from millions of journeys, we anticipate what drivers will do in the next split-second, so we can help them spend less and use less. Journey by journey, we’re changing mobility for everyone.
Investor and board member
Sep 2021
Cargofive is a logistics solution that empowers freight forwarders to join the industry’s digital evolution. Our system was specially designed for forwarders to help them digitize and optimize their pricing process. This allows them to reduce efforts and costs while offering an experience that is more adapted to their customers’ needs. We process and automate rate sheets from carriers so that freight rates from different providers can be found at the same place, and quotes can be easily done with just a few clicks. Our app is also able to integrate via API with different systems like ERP or CRM, in order to facilitate data exchange as needed. Cargofive is also integrated with shipping companies in real-time, which allows instant and updated information.
Investor
Sep 2021
cargo.one is the AI partner for the worlds logistics leaders. Leading freight forwarders and carriers trust cargo.ones AI-native operating system to centralize and automate their sales and procurement. cargo.one maintains the industrys most comprehensive multimodal rate database, with direct integrations to 75 airlines, top 10 ocean carriers, and GSAs globally — the foundation that makes AI reliable in production. For freight forwarders, this means a unified workspace where teams and AI agents complete end-to-end workflows side by side: rate management, rate procurement, quoting, booking, and customer support. For carriers, it means digital distribution and AI-driven sales and support tools reaching 30,000+ users across 172 countries. Our customers include Kuehne + Nagel, DSV, Hellmann, Dachser, Rhenus, Lufthansa Cargo, United Cargo, Turkish Cargo, Qatar Airways Cargo, and Emirates SkyCargo. Backed by Bessemer Venture Partners, Index Ventures, Creandum, and Point Nine Capital, cargo.one is a remote-first company with 42 nationalities across 24 countries, united by a culture of personal growth, ownership, and meaningful relationships. Learn more at cargo.one.
Experience · 7 entries
All (7)
Investments (4)
Founder (2)
Board (1)
2024
Angel Investor
Dec 2024
Angels Way (aka AW) is a community-driven investor focused on Portuguese-based early-stage Startups that have a direct impact on making the world a better place through the use of technology. The goal of Angels Way is to support and develop the Portuguese entrepreneurial ecosystem as well as to create a like minded community to bring value to everyone involved.
2023
Investor
Dec 2023
At Meight we strive to learn about motion in all its complexity, and use that knowledge to improve the way we all move. Using data from millions of journeys, we anticipate what drivers will do in the next split-second, so we can help them spend less and use less. Journey by journey, we’re changing mobility for everyone.
2021
Investor and board member
Sep 2021
Cargofive is a logistics solution that empowers freight forwarders to join the industry’s digital evolution. Our system was specially designed for forwarders to help them digitize and optimize their pricing process. This allows them to reduce efforts and costs while offering an experience that is more adapted to their customers’ needs. We process and automate rate sheets from carriers so that freight rates from different providers can be found at the same place, and quotes can be easily done with just a few clicks. Our app is also able to integrate via API with different systems like ERP or CRM, in order to facilitate data exchange as needed. Cargofive is also integrated with shipping companies in real-time, which allows instant and updated information.
Investor
Sep 2021
cargo.one is the AI partner for the worlds logistics leaders. Leading freight forwarders and carriers trust cargo.ones AI-native operating system to centralize and automate their sales and procurement. cargo.one maintains the industrys most comprehensive multimodal rate database, with direct integrations to 75 airlines, top 10 ocean carriers, and GSAs globally — the foundation that makes AI reliable in production. For freight forwarders, this means a unified workspace where teams and AI agents complete end-to-end workflows side by side: rate management, rate procurement, quoting, booking, and customer support. For carriers, it means digital distribution and AI-driven sales and support tools reaching 30,000+ users across 172 countries. Our customers include Kuehne + Nagel, DSV, Hellmann, Dachser, Rhenus, Lufthansa Cargo, United Cargo, Turkish Cargo, Qatar Airways Cargo, and Emirates SkyCargo. Backed by Bessemer Venture Partners, Index Ventures, Creandum, and Point Nine Capital, cargo.one is a remote-first company with 42 nationalities across 24 countries, united by a culture of personal growth, ownership, and meaningful relationships. Learn more at cargo.one.
2020
LP Founder
Dec 2020
Shilling was founded in 2011 with the aim of building an entrepreneurial economy in Portugal’s tech space. Created by founders for founders, Shilling is Portugual’s leading early-stage VC firm, driven by the mission to establish sustainable economic growth by investing in diverse industries and disruptive technologies shaping the future. Shilling operates on a profit-sharing model and offers more than just capital; it is a community-centric VC that fosters a thriving and invaluable network where all stakeholders work together to achieve mutual success. The Shilling Founders Fund has been instrumental in supporting startups at the pre-seed and seed stages. At the same time, the Shilling Opportunity Fund backs startups in high-potential sectors across Europe from Series A and upwards. Find out more at www.shilling.vc
Show all 7 entries ↓
Investment activity
2021–2024 · 4 investments
202122023120241
Recent (last 2 years)Earlier