Fund Management
Celtis Venture PartnersLicensed Portuguese fund manager (PT.127476) with more than a decade of institutional experience managing regulated investment funds in Portugal.
Verified Partner
Portugal's Tech Upside.
Without the All-In Bet.
The LXL Ventures Fund gives US investors venture exposure to Portugal's startup ecosystem through a 40% / 35% / 25% allocation across US listed equities, Portuguese blue-chip equities and senior lending, and Portuguese tech startups — structured around US tax and reporting realities from day one.
Golden Visa EligibleIFICI / NHR 2.0 PositionedCMVM-Regulated Manager
€500k
Minimum for Golden Visa Eligibility
40% / 35% / 25%
US listed equities / Portuguese blue chips & senior lending / Portuguese tech startups
15+
Years of combined experience in Portuguese investment migration
Why LXL VenturesBuilt for
Built for
Americans
Portugal has quietly become one of Europe's most productive technology ecosystems — the country behind Farfetch, OutSystems, Talkdesk, and a generation of startups building world-class companies at a fraction of Silicon Valley cost. But for US investors, getting exposure has meant going all-in on a foreign venture portfolio, with unfamiliar assets and punishing US tax treatment. LXL Ventures was created to close that gap: a fund that opens the Portuguese market to US investors, inside a structure built around how Americans actually invest and file.
US-Ready Structure
Managed in Portugal by Celtis Venture Partners, a CMVM-licensed fund manager, with US-aware structuring including PFIC reporting and QEF election support.
Assets Americans Understand
The portfolio is anchored in instruments US investors already know — starting with a 40% allocation to the S&P 500, advised by experienced US financial professionals.
Diversified by Design
40% of the fund sits in US listed equities, 35% in Portuguese blue-chip equities and senior lending, and 25% in Portuguese tech startups.
Cross-Border Support
Specialist legal, tax, and financial partners help investors coordinate decisions across both US and Portuguese frameworks.
Investment StrategyVenture Upside,
Venture Upside,
Diversified Foundation
The fund follows a simple construction: a concentrated allocation to Portuguese tech startups drives the growth potential, while the majority of the portfolio is allocated to listed equities and established companies in markets investors already understand. The result is exposure to Portugal's startup ecosystem without the concentration risk of a pure venture capital portfolio.
US Listed Equities
S&P 500 exposure selected with the support of experienced US financial professionals. The market American investors know best, inside a Portuguese fund.
- S&P 500 exposure
- Advised by experienced US financial professionals
- The market American investors know best
The tech allocation is where the upside comes from. The listed allocation is what makes the overall risk profile more manageable. Together, they give US investors a way into Portuguese and European tech without going all-in on an unfamiliar asset class.
Beyond the Investment
Residency & Tax Advantages, Built In
The fund is built to stand on its investment merits. It also happens to unlock two of the most valuable frameworks available to Americans in Europe.
Golden Visa Eligible
A €500,000 investment in the fund qualifies investors — and their families — for Portugal's Golden Visa: a residency-by-investment framework with visa-free Schengen travel, minimal stay requirements (an average of 7 days per year), and eligibility to apply for permanent residency after five years and citizenship after up to 10 years, subject to legal requirements.
IFICI / NHR 2.0 Positioning, Built In
The fund's technology allocation is structured to support IFICI / NHR 2.0 positioning for investors who relocate to Portugal — a feature few Golden Visa-eligible funds offer, and built into the fund from day one. Subject to individual circumstances and professional advice.
Dual-Jurisdiction Compliance
Portuguese regulatory oversight (CMVM) combined with US-aware tax reporting support, including FATCA and PFIC considerations, so the investment works on both sides of the Atlantic.
Process
The Investment Journey
A clear, step-by-step process guiding US investors from first conversation through investment — and, for those who want it, residency and relocation.
Introductory Meeting
Step 01Meet with an investment manager to discuss your investment goals and, where relevant, your residency objectives.
Meet the Partners
Step 02Introduction to Celtis, Fresh Legal Group, and Green Ocean Global — the fund management, legal, and US advisory teams behind the fund.
Invest
Step 03Complete compliance checks and finalize your investment. Investors pursuing the Golden Visa submit their application at this stage with full support from our legal partners.
Optional: Relocate
Step 04Investors who move to Portugal receive cross-border tax advice, IFICI / NHR 2.0 guidance, and support through each stage of relocation.
Step 01
Introductory Meeting
Meet with an investment manager to discuss your investment goals and, where relevant, your residency objectives.
Step 02
Meet the Partners
Introduction to Celtis, Fresh Legal Group, and Green Ocean Global — the fund management, legal, and US advisory teams behind the fund.
Step 03
Invest
Complete compliance checks and finalize your investment. Investors pursuing the Golden Visa submit their application at this stage with full support from our legal partners.
Step 04
Optional: Relocate
Investors who move to Portugal receive cross-border tax advice, IFICI / NHR 2.0 guidance, and support through each stage of relocation.
TeamWho is behind
Who is behind
LXL Ventures
The experienced partners and institutions behind LXL Ventures, each contributing specialist expertise across fund management, legal, tax, and investment advisory.
Cross-Border Legal Advisory
Fresh Legal GroupPortugal-based cross-border legal and tax advisory team supporting Americans investing in or moving to Portugal.
Verified Partner
U.S. Securities Advisor
Green Ocean GlobalInvestment advisory team with U.S. market expertise supporting the fund's U.S. securities allocation and broader financial planning needs.
Verified Partner
Institutional Excellence
Specialist expertise across fund management, legal, tax, and financial advisory
15 +
Years Combined Experience
3
Specialist Partners
Advantages
Why Investors Choose LXL
What the fund offers US investors — from access and diversification to cross-border compliance and the frameworks that come with it.
Access
Portugal's Tech Ecosystem
Direct exposure to Portuguese startups — an asset class effectively closed to US retail investors — through a regulated fund structure.
Diversification
Managed Concentration Risk
40% allocated to US listed equities, 35% to Portuguese blue-chip equities and senior lending, and 25% to Portuguese tech startups, reducing concentration risk relative to pure venture portfolios.
Familiarity
The S&P 500 Anchor
The largest single allocation is the index American investors already own, advised by US financial professionals.
Compliance
Dual-Jurisdiction Structure
Portuguese regulatory oversight with US-aware tax reporting support, including FATCA, PFIC, and QEF election considerations.
Management
Specialist Partners
A CMVM-licensed fund manager, cross-border legal counsel, and US securities advisors supporting investors end to end.
Bonus
Residency & Tax Frameworks
Golden Visa eligibility and built-in IFICI / NHR 2.0 positioning for investors who choose to relocate.
Learn moreCommon Questions
Frequently Asked Questions
Common questions about the fund's strategy, structure, US tax considerations, and the residency options available to investors.
The fund allocates 40% to US listed equities (S&P 500), 35% to Portuguese blue-chip equities and senior lending to established Portuguese companies, and 25% to Portuguese tech startups. The startup allocation drives the fund's growth potential; the listed and credit allocations diversify the portfolio and reduce concentration risk relative to a pure venture fund.
Next Step
Ready to Get Started?
Take the first step toward a diversified position in the Portuguese market — through a fund built for US investors. Our team is ready to walk you through the strategy, the structure, and the residency options.
Talk to an advisor
Book a 20-minute consultation to discuss your investment goals, residency plans, and next steps.
Send us a note
Reach us directly at invest@lxlventures.com with questions about the fund or application process.
Let's start!
Our specialists are available for personalized consultations tailored to your investment goals, residency plans, and cross-border considerations. Join our early access program to discuss:
Your investment goals and portfolio fit
The fund's strategy and allocation
US tax and reporting considerations for your situation
Golden Visa eligibility and IFICI / NHR 2.0 options, if relocation is on your horizon
Minimum for Golden Visa Eligibility
€500,000
CMVM Managed
US Tax-Aware Structure
Golden Visa Eligible
IFICI / NHR 2.0 Positioned