Shilling Founders Fund is Portugal’s newest VC, with $35.6M to spend on early-stage startups Shilling, an early-stage VC in Portugal, has now launched a new €30M ($35.6M) early-stage fund called Shilling Founders Fund, which is backed just over 35 successful tech founders, as well as large European VC Atomico. The fund will run on a profit-sharing model, sharing fund returns with all of its portfolio founders. While the fund tends to back Portuguese startups it also hold back 40% of its capital for international deals. The fund says it has already invested in seven companies: Rows (spreadsheet for app creators), Vawlt (secure and resilient multi-cloud platform), Promptly (SaaS platform for health outcomes analytics), Modatta (decentralized marketplace for consented personal data), Biocol Labs (DTC post-chemical pharmacy), Decipad (low-code notebook) and Detech.ai (AI-powered application and infrastructure monitoring platform).