Copenhagen, Denmark · Venture Capital 2150 is a Copenhagen and London based climate fund focused on technology that makes cities more sustainable. Backed by real estate operator NREP, the fund invests in Construction Tech, Energy Efficiency, low carbon materials, and urban infrastructure startups. 2150 provides both capital and pilot access through its built environment network, helping startups validate solutions in real world projects. It is one of the most prominent climate tech funds headquartered in Denmark.
Venture Capital Seed to Series A ClimateBuilt EnvironmentUrban Tech
Copenhagen, Denmark · Venture Capital byFounders is a Copenhagen-based venture fund built around the idea that early-stage founders benefit most from investors who have already built and scaled companies themselves. The firm is backed by a broad collective of Nordic and Baltic founders and operators, giving portfolio companies access not only to capital but also to practical advice on hiring, go-to-market, product development, and international expansion. That structure makes byFounders more than a conventional seed fund; it operates as a networked operating layer for startups emerging from the Nordic-Baltic region. Its importance in the directory is strategic because it fills the middle of the ecosystem pipeline: after founders are incubated by universities, venture builders, or accelerators, but before they are ready for large global growth funds, they need a seed investor that can professionalize the company and prepare it for the next round. byFounders has become one of the clearest examples of that role in Northern Europe. It also helps connect smaller regional startup communities into a shared capital network, which is especially relevant for Baltic and Nordic founders that need international reach early.
Venture Capital Pre-Seed to Series A General TechFintechSaaS
Copenhagen, Denmark · Venture Capital Heartcore Capital is a Copenhagen-headquartered early-stage venture firm founded in 2007 as Sunstone Technology Ventures and rebranded to Heartcore in 2019 around a consumer-first thesis. Operating from Copenhagen, Berlin, Paris and London, it backs European founders from inception through Series A, deploying €250K–€6M as first institutional capital, and has become one of Europe's highest-ranked seed and Series A investors.
Across five early-stage funds, two growth vehicles and a Web3 fund, Heartcore manages roughly €800M; Fund V closed at €170M in December 2024, signalling a broadening from pure consumer into AI and software infrastructure, climate tech and synthetic biology while retaining consumer and travel exposure. The firm's track record includes Tink (acquired by Visa for €1.8bn, 2022), Peakon (Workday, ~$700M, 2021), Trustpilot (LSE IPO, 2021), Boozt (Nasdaq Stockholm, 2017) and Kaia Health (Sword Health, 2026), with a portfolio spanning GetYourGuide, TravelPerk, Podimo, Natural Cycles and Vivino. The partnership is led by co-founders Jimmy Fussing Nielsen and Christian Lindegaard Jepsen alongside Max Niederhofer (Berlin) and Yacine Ghalim (Paris).
Venture Capital Seed to Series A ConsumerMarketplaceSaaS
Copenhagen, Denmark · Venture Capital NorthCap (Northcap Partners) is a Copenhagen-based venture capital firm founded in 1999, focused on B2B and B2B2C technology companies across the Nordics, with a particular emphasis on SaaS, cloud computing, and mobile services. The firm invests from seed stage (Denmark only) through growth stage, with ticket sizes ranging from $1 million to $25 million, and draws on more than 100 investments of operational experience to support founders in scaling and internationalization. Notable investments include GAN Integrity and Visiopharm.
Venture Capital Seed SoftwareSaaSFintech
Hellerup, Denmark · Venture Capital Novo Holdings is the investment arm of the Novo Nordisk Foundation and the largest life science investor in Denmark. It backs biotech, medtech, and health innovation across seed, venture, and growth stages while also managing the foundation's long term ownership in Novo Nordisk and Novozymes. The firm provides patient capital, deep scientific expertise, and global networks for founders building therapies, diagnostics, and industrial biotech solutions. Novo Holdings is a cornerstone of the Danish life science ecosystem.
Venture Capital Seed to Growth BiotechLife ScienceHealthcare
Copenhagen, Denmark · Venture Capital PreSeed Ventures (PSV) is a Copenhagen-area venture house rooted in the Technical University of Denmark (DTU), and Denmark's most active pre-seed investor. It operates three vehicles: PSV Tech (early-stage software, AI and digital-infrastructure fund), PSV Hafnium (Denmark's first dedicated deep-tech fund) and PSV Foundry (DTU's investment and incubation arm). PSV provides the first institutional capital to university spin-outs and technical founders, typically at idea or prototype stage, writing tickets of roughly €0.1–1.5M.
PSV Tech's first independent fund closed at DKK 412M (~€55M) in 2022, backed by Denmark's ATP pension fund, EIFO and Vækstfonden, with a €70M Fund II in fundraising. PSV Hafnium closed an oversubscribed €60M in December 2025, anchored by the European Investment Fund and EIFO, to back around 25 science-rooted spin-outs across quantum computing, cleantech, new materials, biotech and new space. PSV has backed early Danish successes including Trustpilot (LSE IPO, 2021), Glycom (acquired by DSM), Vivino, Lunar and Labster, and remains a crucial bridge from Nordic research to venture.
Venture Capital Pre-seed Venture CapitalEarly-stageTechnology
Copenhagen, Denmark · Venture Capital SEED Capital is Denmark's largest early stage venture fund and a first check investor for many of the country's most successful startups. The firm invests at seed and Series A and supports founders with hands on company building and follow on fundraising. SEED has backed Danish scale ups across SaaS, fintech, and consumer tech, with notable wins including Trustpilot, Vivino, Templafy, and Lunar. It is a key pillar of the Danish venture landscape.
Venture Capital Seed to Series A SaaSFintechConsumer