NorthCap Partners

NorthCap Partners is a private equity and venture capital firm based in Copenhagen, Denmark, specializing in investments across various stages of technology company development, including seed, early stage, and growth capital. The firm primarily focuses on sectors such as cloud computing, communications, mobile technology, online services, and e-commerce, targeting both business-to-business and business-to-business-to-consumer models. NorthCap typically invests in companies located in the Nordic region, with a particular emphasis on Denmark, and aims to provide funding ranging from €1 million to €5 million for businesses with revenues from DKK 5 million to DKK 50 million. For early stage investments, the firm looks for companies with revenues between €1 million and €2 million, while growth stage investments are directed towards established firms with revenues between €10 million and €25 million. NorthCap Partners seeks to hold board seats in its portfolio companies and often collaborates with both local and international venture capital firms.

Lars Bruhn

Founder and Chairman

Kim Wiencken

General Partner

28 past transactions

Visiopharm

Venture Round in 2020
Visiopharm A/S specializes in AI-based image analysis and tissue mining tools for the pathology sector. Founded in 2001 and headquartered in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and the USA, the company offers a comprehensive range of digital pathology solutions. These include the Oncotopix scanner for capturing digital slide images and a suite of AI applications designed for diagnostic and clinical research. Key software features include the Visiopharm Viewer for advanced image analysis, an AI Phenotyping module for automating image data workflows, and the Tissuealign module for analyzing digitalized serial sections. Visiopharm's products are widely utilized by biopharmaceutical companies, research organizations, and hospitals, with over 500 licenses in more than 30 countries. The company's solutions have been validated through over 800 scientific publications and are compatible with various slide scanners and microscopy equipment, enhancing productivity and standardization in tissue data analysis.

Visiopharm

Venture Round in 2018
Visiopharm A/S specializes in AI-based image analysis and tissue mining tools for the pathology sector. Founded in 2001 and headquartered in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and the USA, the company offers a comprehensive range of digital pathology solutions. These include the Oncotopix scanner for capturing digital slide images and a suite of AI applications designed for diagnostic and clinical research. Key software features include the Visiopharm Viewer for advanced image analysis, an AI Phenotyping module for automating image data workflows, and the Tissuealign module for analyzing digitalized serial sections. Visiopharm's products are widely utilized by biopharmaceutical companies, research organizations, and hospitals, with over 500 licenses in more than 30 countries. The company's solutions have been validated through over 800 scientific publications and are compatible with various slide scanners and microscopy equipment, enhancing productivity and standardization in tissue data analysis.

Falcon.io

Series C in 2017
Falcon.io offers a unified SaaS platform for social media listening, engaging, publishing and managing customer data. Falcon clients can explore the full potential of digital marketing by managing multiple customer touch points from one platform.The diverse and global client portfolio includes Carlsberg, Tiger, Columbia University, IWC Watches, Momondo, Coca-Cola and much more.

GAN Integrity

Series A in 2017
GAN Integrity Inc. is a provider of cloud-based compliance management software designed to streamline corporate compliance programs for businesses worldwide. The company's comprehensive platform integrates various modules, including policy management, risk assessment, training management, and due diligence, allowing organizations to effectively manage policies, assess and respond to risks, automate training, and customize third-party management processes. GAN Integrity's software also facilitates centralized gift approval, document management, and workflow automation, enabling businesses to reduce corporate risk and enhance efficiency in compliance reporting. Established in 2004, the company is headquartered in Brooklyn, New York, with an additional office in Copenhagen, Denmark. Its innovative solutions are trusted by many leading global brands to improve compliance management practices.

Znipe

Venture Round in 2016
Znipe specializes in organizing and orchestrating digital events, particularly within the esports sector. The company has developed a streaming platform that provides a customizable viewing experience, allowing users to choose which players and streams to follow. This flexibility includes options for screen splitting, offering viewers varied perspectives on matches. By enhancing the spectator experience, Znipe enables its clients to leverage their unique market positions and generate new revenue streams.

Linkfire

Seed Round in 2015
Linkfire ApS, based in Copenhagen, Denmark, specializes in digital marketing solutions for the music industry. Founded in 2014, the company offers a platform that enables music marketing professionals to create smart links, which direct fans to music products such as songs, albums, and concert tickets. These links are designed to simplify the fragmented landscape of music consumption by routing users to their preferred platforms, regardless of location or device. Additionally, Linkfire collects valuable data, including geographic location and device type, to provide real-time insights into consumer behavior. The company also operates the Linkfire Discovery Network, which extends the reach of its smart links through partnerships with various websites and applications, enhancing the connection between artists, labels, and their audiences.

Colego

Series A in 2015
Colego A/S is a Danish company based in Copenhagen, founded in 2012, that operates a platform connecting customers with local service providers across various sectors. Users can search for specific service categories, submit detailed task requests for services like gardening, bookkeeping, auto-repair, and legal assistance. Colego reviews and verifies these requests before forwarding them to qualified companies. Customers receive three free price quotes from interested service providers, allowing them to negotiate terms or cancel the process if they are unsatisfied with the offers. While the search and submission process is free for users, Colego generates revenue by charging a lead-generation fee to companies that bid on tasks.

Colego

Series A in 2015
Colego A/S is a Danish company based in Copenhagen, founded in 2012, that operates a platform connecting customers with local service providers across various sectors. Users can search for specific service categories, submit detailed task requests for services like gardening, bookkeeping, auto-repair, and legal assistance. Colego reviews and verifies these requests before forwarding them to qualified companies. Customers receive three free price quotes from interested service providers, allowing them to negotiate terms or cancel the process if they are unsatisfied with the offers. While the search and submission process is free for users, Colego generates revenue by charging a lead-generation fee to companies that bid on tasks.

Falcon.io

Series B in 2015
Falcon.io offers a unified SaaS platform for social media listening, engaging, publishing and managing customer data. Falcon clients can explore the full potential of digital marketing by managing multiple customer touch points from one platform.The diverse and global client portfolio includes Carlsberg, Tiger, Columbia University, IWC Watches, Momondo, Coca-Cola and much more.

Sekoia

Series A in 2015
Sekoia ApS is a software developer based in Aarhus, Denmark, specializing in digital care planning applications for care homes. Established in 2010, the company offers a platform that streamlines daily operations for care staff by digitizing their workflow. The application provides essential features such as task management, communication tools, supply ordering, and real-time access to vital information, enabling care providers to deliver quality assistance efficiently. By leveraging big data and artificial intelligence, Sekoia empowers care services to shift from mere documentation to predictive analytics, enhancing care delivery and minimizing errors. This innovation addresses the pressing challenges faced by the care sector, including an ageing population, funding constraints, and staffing shortages, ultimately aiming to improve efficiency and quality in care services.

adQuota

Venture Round in 2014
adQuota is a mobile advertisement platform based in Copenhagen, Denmark, specializing in premium advertising solutions for mobile websites and applications. The company enables publishers to effectively monetize their mobile content through a range of tools and services designed to enhance advertising experiences. adQuota emphasizes Rich Media formats, delivering engaging display banner ads and interactive advertising campaigns for both mobile devices and tablets. Their adStudio offers creative and technical production support, facilitating the creation of Display Banner Ads, Rich Media Ads, and Coupon Campaigns. With over 200 publishers utilizing its services, adQuota reaches more than 35 million readers and app users on a monthly basis, positioning itself as a significant player in the mobile advertising landscape.

Falcon.io

Series A in 2013
Falcon.io offers a unified SaaS platform for social media listening, engaging, publishing and managing customer data. Falcon clients can explore the full potential of digital marketing by managing multiple customer touch points from one platform.The diverse and global client portfolio includes Carlsberg, Tiger, Columbia University, IWC Watches, Momondo, Coca-Cola and much more.

VeliQ

Series B in 2013
Veliq, formerly known as VeiligMobiel, empowers mobile workers - any place, any time, in a user friendly way. They aim to inspire, inform and involve their partners in order to deliver innovative solutions that shape the mobile age.

Comparo

Seed Round in 2013
Comparo.dk is an online platform based in Copenhagen, Denmark, that assists users in finding the most affordable car and travel insurance packages. Launched in June 2013, the service simplifies the insurance management process by aggregating data from various family insurance policies. It provides users with a clear overview of their coverage, payment history, and comparisons of different insurance plans. By offering a range of options from multiple insurance providers, Comparo.dk enables users to make informed decisions, choose the best coverage for their needs, and efficiently manage their insurance policies through a single application.

IntelePeer

Series D in 2013
IntelePeer is a provider of cloud-based communication solutions, focusing on enhancing business communications through its CPaaS-based platform. The company offers a range of services, including enterprise voice, SIP trunking, and cloud contact center solutions. By integrating AI and analytics, IntelePeer's platform enables businesses to improve customer interactions and drive revenue growth. Its omnichannel approach allows for seamless communication across various channels, facilitating better decision-making and customer satisfaction. The platform is designed to work effortlessly with existing business systems, making it a versatile choice for enterprises looking to enhance their communication capabilities.

Shopgate

Series B in 2013
Shopgate GmbH specializes in mobile shopping solutions, providing a mobile-commerce-as-a-service platform that enhances mobile sales for online retailers. Founded in 2009 and headquartered in Butzbach, Germany, with additional offices in Frankfurt, Magdeburg, and Austin, Texas, Shopgate enables over 12,000 merchants to create, maintain, and optimize native apps and mobile websites for various devices, including iPhone, iPad, and Android smartphones and tablets. The company offers a user-friendly software-as-a-service (SaaS) that integrates with more than 60 popular shopping carts and collaborates with leading mobile payment providers, ensuring a seamless shopping experience for millions of customers daily. With a dedicated team of 141 individuals, Shopgate emphasizes innovation and customer satisfaction in the rapidly evolving mobile commerce market.

Insurance Business Applications

Venture Round in 2013
Insurance Business Applications (IBApps) is pioneering a new generation of insurance software solutions tailored for the evolving needs of the industry. By providing a multi-channel sales front-end, IBApps enables agents and insurance companies to quickly adapt to changes in their distribution models. Their software encompasses a comprehensive suite of tools that facilitate the development and implementation of insurance products, covering key areas such as policy administration, claims management, and operational reporting. This approach allows insurers to streamline their processes and enhance customer experiences, making it possible to bring new products to market more efficiently. IBApps serves some of the largest insurance companies globally, positioning itself as a vital partner in driving innovation within the sector.

iBill

Venture Round in 2012
iBill is a free billing service that frees large amounts of time in small and medium enterprises, because they make sure to follow up on unpaid invoices. Their automated monitoring of invoices and sending reminders for non-payment can save businesses many hours of work.

Zmags

Debt Financing in 2011
Zmags, Inc. is a Boston-based company that specializes in a shoppable content platform designed for retail marketing and e-commerce professionals. Founded in 2006, Zmags offers two primary products: Publicator, which converts print materials like catalogs and brochures into digital formats, and Creator, a user-friendly content marketing platform that allows marketers to design and publish interactive digital experiences without any coding. Creator integrates seamlessly with existing technology stacks, enabling quick deployment and enhancing the digital marketing efforts of brands in various sectors, including fashion, retail, travel, and education. Notable clients such as Ethan Allen, AG Jeans, and Cole Haan utilize Zmags' solutions to optimize their digital assets and drive revenue efficiently. The company also maintains additional offices in London and Copenhagen.

Realm

Seed Round in 2011
Realm ApS is a mobile database company that provides a platform designed to streamline application development by replacing traditional databases like SQLite and Core Data. Founded in 2011 and headquartered in Copenhagen, Denmark, with an additional office in San Francisco, Realm offers a solution that enhances performance and user experience through features such as querying, relationships, graphs, and thread safety. The database is available on Android, iOS, and OSX platforms, allowing for memory-efficient data access via Realm objects. As of May 2019, Realm operates as a subsidiary of MongoDB, Inc. The platform significantly reduces the amount of code developers need to write, enabling them to create applications more quickly and efficiently.

Octoshape

Venture Round in 2009
Octoshape ApS specializes in live and on-demand streaming audio and video technology. Founded in 2003 and based in Copenhagen, Denmark, the company provides a variety of streaming solutions, including live Webcast services for events such as sports matches, musical performances, and award shows. Octoshape also offers hosted radio and television streaming solutions, as well as the OctoSource signal distribution solution, which enables broadcasters to transmit signals via the Internet for diverse events in sports, music, and entertainment. Additionally, the company features Cloudmass, a cloud-based content delivery service that supports global video distribution over the Internet. As of April 2015, Octoshape operates as a subsidiary of Akamai Technologies, Inc.

Zmags

Series B in 2008
Zmags, Inc. is a Boston-based company that specializes in a shoppable content platform designed for retail marketing and e-commerce professionals. Founded in 2006, Zmags offers two primary products: Publicator, which converts print materials like catalogs and brochures into digital formats, and Creator, a user-friendly content marketing platform that allows marketers to design and publish interactive digital experiences without any coding. Creator integrates seamlessly with existing technology stacks, enabling quick deployment and enhancing the digital marketing efforts of brands in various sectors, including fashion, retail, travel, and education. Notable clients such as Ethan Allen, AG Jeans, and Cole Haan utilize Zmags' solutions to optimize their digital assets and drive revenue efficiently. The company also maintains additional offices in London and Copenhagen.

Kapow Software

Series C in 2008
Kapow Software specializes in data integration and web data extraction, offering solutions that enable organizations to harness both legacy data and Big Data. Its agile integration platform is utilized by numerous large enterprises and federal agencies, including Audi, Intel, and Deutsche Telekom, to enhance decision-making, automate processes, and achieve improved outcomes. By allowing users to create a comprehensive 360-degree view of information from various internal and external sources, Kapow Software equips businesses with the tools necessary for a data-driven advantage. The platform facilitates the integration, synchronization, and migration of data and applications across diverse environments, including on-premises and cloud-based systems, without relying on existing application programming interfaces.

Zmags

Series A in 2008
Zmags, Inc. is a Boston-based company that specializes in a shoppable content platform designed for retail marketing and e-commerce professionals. Founded in 2006, Zmags offers two primary products: Publicator, which converts print materials like catalogs and brochures into digital formats, and Creator, a user-friendly content marketing platform that allows marketers to design and publish interactive digital experiences without any coding. Creator integrates seamlessly with existing technology stacks, enabling quick deployment and enhancing the digital marketing efforts of brands in various sectors, including fashion, retail, travel, and education. Notable clients such as Ethan Allen, AG Jeans, and Cole Haan utilize Zmags' solutions to optimize their digital assets and drive revenue efficiently. The company also maintains additional offices in London and Copenhagen.

Visiopharm

Private Equity Round in 2007
Visiopharm A/S specializes in AI-based image analysis and tissue mining tools for the pathology sector. Founded in 2001 and headquartered in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and the USA, the company offers a comprehensive range of digital pathology solutions. These include the Oncotopix scanner for capturing digital slide images and a suite of AI applications designed for diagnostic and clinical research. Key software features include the Visiopharm Viewer for advanced image analysis, an AI Phenotyping module for automating image data workflows, and the Tissuealign module for analyzing digitalized serial sections. Visiopharm's products are widely utilized by biopharmaceutical companies, research organizations, and hospitals, with over 500 licenses in more than 30 countries. The company's solutions have been validated through over 800 scientific publications and are compatible with various slide scanners and microscopy equipment, enhancing productivity and standardization in tissue data analysis.

PremiTech

Series D in 2007
PremiTech A/S develops systems management software. It offers Performance Guard, a solution that enables IT departments to get real-time measurement of end-user application and infrastructure IT performance in software as a service model. The company also provides Performance Guard CIO Dashboard Module, which provides a view into the IT infrastructures performance based on grouping by location and application; and Performance Guard Health Check Module that delivers reports on infrastructure components, including applications, mid-tier servers, network and PC Infrastructure for automated, out-of-the-box fast performance documentation, and issue resolution. In addition, it offers monitoring and documentation, and performance monitoring solutions. The company has strategic partnerships with HP, Computer Associates, BMC, VMWare, IBM, and Microsoft. PremiTech A/S was founded in 1999 and is headquartered in Hedehusene, Denmark. As of 2008, PremiTech A/S operates as a subsidiary of CapaSystems A/S.

NanGate

Series B in 2007
Standard-cell libraries were introduced more than 40 years ago to help IC designers keep up with the increasing complexity of IC design. But the convenience offered by predefined digital CMOS standard cells has come at the price of overall chip-level efficiency. Standard-cell-based ICs are rarely optimized for their intended application, so ICs are not as small, fast or power-efficient as they could be. Nangate cell library creation and optimization tools provide the answer to this dilemma. Nangate tools enable custom tailoring of digital cell libraries to meet specific design targets. Libraries can be optimized for design goals such as power consumption, die area, operating frequency or required yield – as opposed to being designed for a broad range of standard requirements. The result: improvements in IC performance can be achieved at much lower cost and with considerably less effort than using full-custom design methods.

IntelePeer

Series B in 2006
IntelePeer is a provider of cloud-based communication solutions, focusing on enhancing business communications through its CPaaS-based platform. The company offers a range of services, including enterprise voice, SIP trunking, and cloud contact center solutions. By integrating AI and analytics, IntelePeer's platform enables businesses to improve customer interactions and drive revenue growth. Its omnichannel approach allows for seamless communication across various channels, facilitating better decision-making and customer satisfaction. The platform is designed to work effortlessly with existing business systems, making it a versatile choice for enterprises looking to enhance their communication capabilities.
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