Northcap Partners

NorthCap Partners, established in 2007, is a private equity and venture capital firm based in Copenhagen, Denmark. It specializes in investing in technology companies across various stages of development, from seed to growth. The firm focuses on information technology and software, with a particular emphasis on cloud computing (SaaS), communications, mobile/mobility, online services, and e-commerce. NorthCap Partners prefers to invest in business-to-business (B2B) and business-to-business-to-consumer (B2B2C) fields, with a strong preference for companies based in the Nordic region, particularly Denmark. The firm typically invests between €1 million and €5 million, seeking companies with a turnover between DKK5 million and DKK50 million. It aims to provide strategic support to its portfolio companies, often taking a board seat, and frequently co-invests with local and international VCs. NorthCap Partners focuses on United States pricing for exits.

Lars Bruhn

Founder and Chairman

Thomas Weilby Knudsen

General Partner

Kim Wiencken

General Partner

Past deals in Nordic Europe

Visiopharm

Venture Round in 2020
Visiopharm specializes in AI-based image analysis tools for the pathology industry. Founded in 2001, it offers end-to-end digital pathology solutions, including scanners and software with ready-to-use AI apps for diagnostic and research purposes. Its products are used globally by biopharmaceutical companies, CROs, hospitals, and academic institutions.

Visiopharm

Venture Round in 2018
Visiopharm specializes in AI-based image analysis tools for the pathology industry. Founded in 2001, it offers end-to-end digital pathology solutions, including scanners and software with ready-to-use AI apps for diagnostic and research purposes. Its products are used globally by biopharmaceutical companies, CROs, hospitals, and academic institutions.

Falcon.io

Series C in 2017
Falcon.io is a Danish company that provides a unified Software as a Service (SaaS) platform for social media listening, engagement, publishing, and customer data management. Its global client base, which includes prominent brands like Carlsberg, Coca-Cola, and Columbia University, leverages the platform to optimize their digital marketing efforts by managing multiple customer touchpoints from a single interface.

GAN Integrity

Series A in 2017
GAN Integrity Inc. is a technology company that specializes in cloud-based compliance management software, designed to help organizations worldwide enhance their ethical practices and streamline compliance processes. Established in 2004 and headquartered in Brooklyn, New York, with an additional office in Copenhagen, Denmark, the company offers a comprehensive suite of tools for managing compliance programs. Its software includes modules for risk assessment, policy management, training management, due diligence, and monitoring and reporting. These features enable companies to effectively manage policies, conduct thorough risk assessments, deliver training in multiple languages, and generate accurate compliance reports. Furthermore, GAN Integrity's platform supports workflow automation and centralized approval processes, simplifying tasks such as gift approvals and document management. By engaging employees and stakeholders in ethical business practices, GAN Integrity aims to transform compliance efforts, reduce corporate risk, and increase operational efficiency.

Falcon.io

Series B in 2015
Falcon.io is a Danish company that provides a unified Software as a Service (SaaS) platform for social media listening, engagement, publishing, and customer data management. Its global client base, which includes prominent brands like Carlsberg, Coca-Cola, and Columbia University, leverages the platform to optimize their digital marketing efforts by managing multiple customer touchpoints from a single interface.

adQuota

Venture Round in 2014
adQuota is a mobile advertisement platform based in Copenhagen, Denmark, specializing in helping publishers monetize their mobile websites and applications. The company focuses on delivering rich media advertising experiences for both mobile devices and tablets. It offers a range of services through its adStudio, which includes the creative and technical production of display banner ads, rich media ads, and coupon campaigns. Currently, adQuota collaborates with over 200 publishers and reaches more than 35 million readers and app users each month, positioning itself as a significant player in the mobile advertising landscape.

Falcon.io

Series A in 2013
Falcon.io is a Danish company that provides a unified Software as a Service (SaaS) platform for social media listening, engagement, publishing, and customer data management. Its global client base, which includes prominent brands like Carlsberg, Coca-Cola, and Columbia University, leverages the platform to optimize their digital marketing efforts by managing multiple customer touchpoints from a single interface.

Comparo.dk

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.

Insurance Business Applications

Venture Round in 2013
Founded in 2007, Insurance Business Applications designs, develops, and implements software solutions for insurance companies. Its product suite includes IBSales (multi-channel distribution), IBMicro (microinsurance automation), IBPolicy (policy administration), IBClaims (claims management), and IBIntelligence (operational reporting). These products enable clients to streamline processes, enhance customer experience, and bring new products to market efficiently.

Zmags

Debt Financing in 2011
Zmags Inc., established in 2006 with headquarters in Boston, Massachusetts, develops and operates a shoppable content platform for retail marketing professionals. The company offers two primary products: Publicator, which converts print catalogs into digital destinations, and Creator, a content marketing platform enabling users to design, publish, and analyze engaging, interactive digital experiences without coding expertise. Zmags serves diverse industries such as fashion, retail, publishing, travel, finance, education, culture, and agencies across North America and Europe.

Realm

Seed Round in 2011
Realm ApS is a mobile database company that provides a robust alternative to SQLite and Core Data, facilitating faster application development for users on Android, iOS, and OSX platforms. Founded in 2011 and headquartered in Copenhagen, Denmark, with an additional office in San Francisco, Realm specializes in offering a memory-efficient database that includes features like querying, relationships, graphs, and thread safety. This innovative platform significantly reduces the amount of code developers need to write, effectively saving them time and enabling the creation of enhanced user experiences. As of May 2019, Realm operates as a subsidiary of MongoDB, Inc.

Octoshape

Venture Round in 2009
Octoshape ApS is a Copenhagen-based technology company specializing in live and on-demand streaming audio and video solutions. Founded in 2003, it provides a range of services including live streaming for webcasts from various events such as sports matches, musical performances, and award ceremonies. The company also offers hosted radio and television streaming solutions. One of its key products, the OctoSource signal distribution solution, enables broadcasters to transmit signals over the Internet, facilitating broadcasts from 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.

Zmags

Series B in 2008
Zmags Inc., established in 2006 with headquarters in Boston, Massachusetts, develops and operates a shoppable content platform for retail marketing professionals. The company offers two primary products: Publicator, which converts print catalogs into digital destinations, and Creator, a content marketing platform enabling users to design, publish, and analyze engaging, interactive digital experiences without coding expertise. Zmags serves diverse industries such as fashion, retail, publishing, travel, finance, education, culture, and agencies across North America and Europe.

Zmags

Series A in 2008
Zmags Inc., established in 2006 with headquarters in Boston, Massachusetts, develops and operates a shoppable content platform for retail marketing professionals. The company offers two primary products: Publicator, which converts print catalogs into digital destinations, and Creator, a content marketing platform enabling users to design, publish, and analyze engaging, interactive digital experiences without coding expertise. Zmags serves diverse industries such as fashion, retail, publishing, travel, finance, education, culture, and agencies across North America and Europe.

Visiopharm

Private Equity Round in 2007
Visiopharm specializes in AI-based image analysis tools for the pathology industry. Founded in 2001, it offers end-to-end digital pathology solutions, including scanners and software with ready-to-use AI apps for diagnostic and research purposes. Its products are used globally by biopharmaceutical companies, CROs, hospitals, and academic institutions.

PremiTech

Series D in 2007
PremiTech A/S is a Danish company founded in 1999 and headquartered in Hedehusene. It specializes in systems management software, offering solutions that provide real-time measurement of IT performance from the end-user's perspective. Key products include Performance Guard, which enables IT departments to monitor application and infrastructure performance, and additional modules such as the CIO Dashboard Module, which organizes performance data by location and application, and the Health Check Module, which generates reports on various infrastructure components. These tools facilitate automated performance documentation and issue resolution. PremiTech also provides comprehensive monitoring and documentation services. The company has established strategic partnerships with several major technology firms, including HP, IBM, and Microsoft, enhancing its offerings in the information technology management sector. As of 2008, PremiTech operates as a subsidiary of CapaSystems A/S.
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