Northcap

NorthCap Partners is a private equity and venture capital firm based in Copenhagen, Denmark, established in 2007. The firm specializes in investing in technology companies across various stages of development, including seed, early stage, and growth capital. It primarily focuses on sectors such as cloud computing, communications, mobile technology, online services, and e-commerce. NorthCap typically invests in companies located in the Nordic region, particularly Denmark, Sweden, Iceland, Norway, and Finland, with investment amounts ranging from €1 million to €5 million. For early stage investments, it targets companies with revenues of €1 to €2 million, while for growth stage investments, it looks for established companies generating revenues between €10 million and €25 million. NorthCap aims to provide not only financial resources but also strategic support in areas like internationalization and sales processes, and it often seeks board representation in its portfolio companies.

Thomas Weilby Knudsen

General Partner

Kim Wiencken

General Partner

28 past transactions

Visiopharm

Venture Round in 2020
Visiopharm A/S provides AI-based image analysis and tissue mining tools for the pathology industry. It offers end-to-end digital pathology systems solution; Oncotopix scanner, which captures digital images of slides; and APP center, which is a suite of ready to use AI-based apps for diagnostic and clinical research purposes. The company also offers an image analysis software which features Visiopharm Viewer, which enables advanced image analysis and display of field-of-view images; AI Phenotyping module, which automates analysis workflow of image data; Tissuealign module, which enables alignment and analysis of digitalized serial sections; Tissuearray, which assists non-pathologists to undertake technical analysis and test scientific hypoyhesis; VirtualDoubleStain, which automates stroma separation; and Stereotopix, a sterelogy solution. The company provides its products and services through distributers in Europe, North America, Latin America, Asia and Australia. Visiopharm A/S was founded in 2001 and is based in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and USA.

Visiopharm

Venture Round in 2018
Visiopharm A/S provides AI-based image analysis and tissue mining tools for the pathology industry. It offers end-to-end digital pathology systems solution; Oncotopix scanner, which captures digital images of slides; and APP center, which is a suite of ready to use AI-based apps for diagnostic and clinical research purposes. The company also offers an image analysis software which features Visiopharm Viewer, which enables advanced image analysis and display of field-of-view images; AI Phenotyping module, which automates analysis workflow of image data; Tissuealign module, which enables alignment and analysis of digitalized serial sections; Tissuearray, which assists non-pathologists to undertake technical analysis and test scientific hypoyhesis; VirtualDoubleStain, which automates stroma separation; and Stereotopix, a sterelogy solution. The company provides its products and services through distributers in Europe, North America, Latin America, Asia and Australia. Visiopharm A/S was founded in 2001 and is based in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and USA.

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 is a provider of a completely integrated compliance solution for global businesses. GAN Integrity’s all-in-one platform for compliance teams is the first of its kind, connecting all aspects of a corporate compliance program into a single, cloud-based solution. Today, many of the world's leading brands trust GAN’s innovative software to help them better manage compliance.

Znipe

Venture Round in 2016
Znipe organizes and orchestrates digital events for its clientele and client base.

Linkfire

Seed Round in 2015
Linkfire ApS, founded in 2014 and based in Copenhagen, Denmark, specializes in providing smart links tailored for music marketing. The company enables music marketing professionals to create intelligent links that direct fans to music while gathering valuable data, including geographic location, device type, and referral domains. This data is utilized to generate detailed, real-time insights that assist artists and labels in understanding their audience better. As the music industry evolves with a shift from physical sales to streaming, Linkfire aims to simplify music consumption by linking fans directly to their preferred music across various platforms. Its innovative approach helps bridge the gap between music services and fan engagement, making the process of discovering and accessing music more seamless.

Colego

Series A in 2015
Colego A/S operates a website which connects customers to local service providers no matter the service required. The company was founded in 2012 and is based in Copenhagen, Denmark.

Colego

Series A in 2015
Colego A/S operates a website which connects customers to local service providers no matter the service required. The company was founded in 2012 and is based in Copenhagen, Denmark.

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, founded in 2010 and based in Aarhus, Denmark, specializes in digital care planning solutions for care homes. The company's software application streamlines daily care delivery by digitizing workflows, allowing care staff to access and share vital information at the point of care. Key features of the platform include daily task management, communication tools, supply ordering, and the ability to record measurements and provide instructions for care providers and residents. By leveraging big data and artificial intelligence, Sekoia aims to enhance care services by predicting needs and preventing errors, addressing challenges such as an aging population, funding constraints, and workforce shortages. The platform serves as an open software solution that integrates with existing healthcare technologies, thereby supporting efficiency and quality in care delivery.

adQuota

Venture Round in 2014
adQuota is a Copenhagen, Denmark-based premium mobile advertisement platform. adQuota provides publishers of mobile websites and applications with a platform and tools to monetize their mobile publications, and creates rich mobile advertising experiences. It focuses on Rich Media formats for apps and web sites on both mobile devices and tablets. adQuota adStudio provides creative and technical production of Display Banner Ads, Rich Media Ads and Coupon Campaigns. More than 200 publishers use adQuota, which reaches more than 35 million readers and app-users monthly.

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 service that helps its users find the cheapest car and travel insurance packages. It was launched on June 17, 2013 and is based in Copenhagen, Denmark.

IntelePeer

Series D in 2013
IntelePeer specializes in enhancing business communications through a cloud-based platform that integrates various services, including cloud contact centers and enterprise voice solutions. The company focuses on enabling organizations to improve their communication processes, which in turn drives revenue growth and enhances customer experience. By utilizing omni-channel automation, self-service capabilities, artificial intelligence, and analytics, IntelePeer provides a comprehensive solution that seamlessly integrates with existing business systems. This approach allows companies to make informed decisions while streamlining their communication operations.

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, founded in 2003 and based in Copenhagen, Denmark, specializes in live and on-demand streaming audio and video technology. The company offers a variety of solutions including live streaming for webcasts of events such as sports matches, musical performances, and award shows, as well as hosted radio and television streaming services. Its OctoSource signal distribution solution enables broadcasters to transmit signals over the Internet, facilitating coverage of diverse events in sports, music, and entertainment. Additionally, Octoshape provides Cloudmass, a cloud-based content delivery service designed to deliver video globally via the Internet. As of 2015, Octoshape operates as a subsidiary of Akamai Technologies.

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 harnesses the power of legacy data and Big Data, making it actionable and accessible across organizations. Hundreds of large global enterprises including Audi, Intel, Fiserv, Deutsche Telekom, and more than a dozen federal agencies rely on our agile Big Data integration platform to make smarter decisions, automate processes, and drive better outcomes faster. They leverage our platform to give business consumers a flexible 360-degree view of information across any internal and external source, providing organizations with a data-driven advantage.

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 provides AI-based image analysis and tissue mining tools for the pathology industry. It offers end-to-end digital pathology systems solution; Oncotopix scanner, which captures digital images of slides; and APP center, which is a suite of ready to use AI-based apps for diagnostic and clinical research purposes. The company also offers an image analysis software which features Visiopharm Viewer, which enables advanced image analysis and display of field-of-view images; AI Phenotyping module, which automates analysis workflow of image data; Tissuealign module, which enables alignment and analysis of digitalized serial sections; Tissuearray, which assists non-pathologists to undertake technical analysis and test scientific hypoyhesis; VirtualDoubleStain, which automates stroma separation; and Stereotopix, a sterelogy solution. The company provides its products and services through distributers in Europe, North America, Latin America, Asia and Australia. Visiopharm A/S was founded in 2001 and is based in Horsholm, Denmark, with additional offices in Germany, Sweden, the United Kingdom, and USA.

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 specializes in enhancing business communications through a cloud-based platform that integrates various services, including cloud contact centers and enterprise voice solutions. The company focuses on enabling organizations to improve their communication processes, which in turn drives revenue growth and enhances customer experience. By utilizing omni-channel automation, self-service capabilities, artificial intelligence, and analytics, IntelePeer provides a comprehensive solution that seamlessly integrates with existing business systems. This approach allows companies to make informed decisions while streamlining their communication operations.