Investor directory

Vækstfonden

Vækstfonden is a venture capital firm specializing in direct and fund of funds investments. The firm makes direct investments in seed, growth start ups, early, mid, and late venture, and growth capital. The firm also invests in venture funds that invest in un-listed companies. Vækstfonden invests in through five groups: Life Science Ventures, Growth capital, fund of funds, Technology ventures, and Need driven venture. Life Science Ventures specializes in seed and early stage investments in Life Science companies located in Denmark. The group invests in small and medium enterprises in biopharmaceuticals, biotechnology, clean technology, medical technology, information technology, capital goods, industrial technology, software, materials, medical devices, diagnostics, nutraceuticals, telecommunications, electronic equipments, instruments and components, energy, alternative energy resources, water purification, commercial design services, household durables, entertainment services, and agro-biotechnology sectors. It seeks to make equity investments and take ownership stake of not more than 25%. Need-Driven Ventures invests in solutions to important business needs. Fund of Funds invests in venture funds focusing on small and medium enterprises. Technology venture specializes in investments in early stage technology companies. For its direct and fund of fund investments, it invests in firms and funds based in Denmark. The firm seeks to invest between DKK 5 million ($0.97 million) and DKK 25 million ($4.84 million) and secures up to 25% of the share capital in its portfolio companies. The firm can also work with private investors, co-invest and provide loans and guarantees in collaboration with private partners and Danish financial institutions. Vækstfonden was established in 1992 and is based in Hellerup, Denmark with additional offices at Vojens, Denmark and Jutland, Denmark.
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Eva Buciek

Venture Associate

Henrik Elstrøm

Corporate Director

Edvard Foung

Investment Manager of Fondskapital

Lene Gerlach

Investment Manager

Lars Nordal Jensen

Managing Director

Alexander Knudsen

Investor

Soren M. Rasmussen

Partner

49 past transactions

All Gravy

Pre Seed Round in 2020
Butter is re-engineering salary for shift workers by helping them make the most out of their salary. We enable them to access their salary as soon as they earn it, but then also give them the tools to reach their financial goals. We have a belief that creating a direct link between work and pay through real-time salary will fundamentally shift the way we think about work and our motivation for working. We also believe thinking about money is hard, and that there are a lot of things we can do with behavioural design to make it easier. Thus we work in an extremely customer-centric way to create products that are helpful, fun to use but also change the way we think about work and pay. Employers get a more motivated workforce, who are more likely to take shifts and can save their finance / HR teams a lot of time by ensuring their employees always understand which shifts they are getting paid for at which times. We are a venture-backed company, backed by Founders who have built fantastic companies such as Pleo and Kontist.

Saraf Foods

Private Placement in 2018
Established in 1991, Saraf Foods is an ISO 22000:2005 certified company manufacturing Freeze Dried Fruits, Vegetables and Herbs. It has made its mark not only in India but in global market by consistent and timely delivery of Quality Freeze Dried products. With its exclusive focus on Freeze Drying for last more than 20 years, Saraf Foods has acquired the skills to apply this technology to a number of food products say from fruits, vegetables and herbs to Nutraceuticals like Aloe Vera, Bitter Gourd, Neem, Amla, Tulsi, Turmeric and many more. No doubt Saraf Foods has successfully become a leader in Freeze Dried Market and known as a reliable supplier of these products.

ThePlatypus ApS

Private Placement in 2020
ThePlatypus ApS develops a software tool for that assists companies in human resources (HR) recruitment and management. Its tool assists in candidates screening, organization’s performance evaluation, and understanding people culture. ThePlatypus ApS was incorporated in 2019 and is based in Copenhagen, Denmark.

Donkey Republic Admin ApS

Private Placement in 2019
Donkey Republic Admin ApS operates an online bike rental platform. Its platform connects bike owners with riders. The company also offers an application that enables riders to locate and unlock bikes. The company was formerly known as Donkey Republic ApS and changed its name to Donkey Republic Admin ApS in August 2018. Donkey Republic Admin ApS was founded in 2014 and is based in Copenhagen, Denmark.

Cavea

Pre Seed Round in 2021
Cavea is a sponsorship analytics platform for esports and brands. Helping organisations on a daily basis understand ROI for sponsors by analysing branded content and automating reporting. Our mission is to track the entire esports ecosystem across all social and digital channels and turn esports passion into business. In Roman times the "cavea"​ referred to the seating sections serving audiences of Roman theatres and amphitheatres. Our mission is to serve first-class audience intelligence and become the backbone of your sponsorship & brand operations making you excel in your business.

Eupry

Private Placement in 2018
Eupry's wireless thermometers are used by hospitals, pharmacies, doctors, laboratories and food producers, sensors are calibrated annually, sends email / sms alerts in case of deviations and presents data in a user-friendly and secure software system. The service is preferred among a wide range of distributors and professionals in the healthcare industry.

Learningbank

Private Placement in 2018
Learningbank is a Danish LMS and HR software provider. We are a team of 20 dedicated specialists helping companies such as Danish Red Cross, Telia, Emmerys, CHANGE and Novo Nordisk create better results with HR administration, digital learning and skills development. Learningbank is owned by CEO Stine Schulz, Rasmus Aaen Madsen and SATO Holding and funded by the Danish Growth Fund.

Amaroq Minerals

Private Placement in 2019
AEX Gold is a Greenland exploration company that focuses on its Nalunaq gold mine. The Nalunaq gold mine has historically produced > 350,000 oz Au at a grade of >15/t between 2004 and 2009 at a cost of US$530/oz. The company was founded in 2017 and is headquartered in Toronto, Ontario.

Quickorder

Venture Round in 2019
QuickOrder is a revenue centric RestaurantOS (POS, Staff scheduling, Table reservation, Online ordering, ordering apps for restaurants, and a powerful back office where everything is managed. QuickOrder uses guest data to help restaurateurs make more money and turn visitors into regulars.

Meo

Private Placement in 2020
NewBanking ApS owns and operates an user identity platform. It provides a platform that allows end-users to verify their identity easily and securely across businesses while having control and ownership of their own data and identity online. The company was founded in 2015 and is based in Copenhagen, Denmark.

iWaiterApp ApS

Private Placement in 2018
iWaiterApp ApS operates an online platform that enables take-away and restaurant owners to communicate directly with their regular customers about their offers and new menus. Its application enables take-away and restaurant owners to use takeaway portals to get (a hold of) new customers; and reclaim them to order take-away directly from the online ordering system. The company was incorporated in 2015 and is based in Copenhagen, Denmark.

Qvest

Private Placement in 2018
Qvest.io ApS provides a software as a services (SaaS) product, comprising a flipped survey in a questionnaire format which lets you exchange questions and answers with others on various topics. It helps to turn conversational data into an actual mapping of knowledge and conversational patterns. The company was founded in 2017 and is based in Copenhagen, Denmark.

Goodiebox

Private Placement in 2019
Goodiebox is an online cosmetic company that provides cosmetics and beauty products. It has developed a subscription business selling cosmetics and beauty products to women in the 15-35 years old range. They give both large international brands and smaller niche brands the opportunity to market their products directly to a specific target group that is interested in their products. The company mission is to create relationships between the beauty and cosmetics brands and consumers. It also distributes a box of cosmetics including products of various brands to women. Goodiebox was founded in 2012 and is headquartered in Copenhagen S, Capital Region, Denmark.

GamerzClass

Private Placement in 2020
GamerzClass ApS offers esports masterclasses with professionals to shape the future of gaming. The company provides e-learning materials and esports video materials. GamerzClass ApS was founded in 2018 and is based in Copenhagen, Denmark.

RFRSH ApS

Private Placement in 2018
RFRSH Entertainment is an esports marketing and media rights company working with a growing number of the best esports teams - established organisations as well as a new crop of player-owned teams. We are the professional force behind the teams that builds their brand and enhances sports performance to accel teams into top placements. They represent the team’s commercial and media rights, connecting them with the top brands in the world for sponsorships and marketing agreements.

MeetinVR

Private Placement in 2020
MeetinVR ApS designs and develops virtual reality collaboration software for enterprises. It enables companies to meet and collaborate in virtual spaces where they can present and review products, brainstorm complex ideas, and interact naturally. The company was founded in 2016 and is based in Copenhagen, Denmark.

Nordsense

Private Placement in 2020
Nordsense is a SaaS-based smart waste management platform that helps with the waste collection processes. It offers a sensor that can be installed in any type of container to monitor waste level even when the bins use a plastic bag to hold the waste and its user-friendly platform monitors in real-time which waste bins need servicing, enabling cities, waste operators, and waste haulers to perform waste operations much more efficiently. The solution provides a positive environmental impact by reducing both the number of vehicles on the road and fuel consumption, as well as preventing unattractive and unsanitary overflowing bins.

CathVision

Private Placement in 2020
CathVision ApS develops low-noise electrophysiology (EP) recording system to guide medical professionals to the right spot for cardiac ablation. The company's recording system, CathVision Cube, interfaces with all existing diagnostic catheters, mapping catheters, and ablation catheters. The company also develops software which allows real-time streaming and multiple review windows for analyses, at a remote work station and on monitors of physician. CathVision ApS was founded in 2010 and is based in Copenhagen, Denmark.

Area9 Lyceum

Venture Round in 2021
Area9 Lyceum ApS develops personalized and adaptive online learning modules for schoolchildren, students, and professionals to be trained. The company provides education through computer or other devices. It also provides learning technology and high-technology computer science for companies in call centers, legacy systems migration, and process optimization. The company was founded in 2017 and is based in Copenhagen, Denmark.

Create it REAL

Private Placement in 2020
Create It Real Aps develops 3D printer electronics kits for manufacturers and startups. It also offers REALvision, a 3D printing slicing software; REALvision for PC, a 3D desktop solution; REALvision Light, a cross-platform slicer for PC/Mac/Linux for consumer-oriented 3D printers; REALvision Online, a web-based slicer accessible from any device, anytime, and anywhere; and REALvision API that can be accessed to REALvision core engine for dedicated application. The company also develops on demand small desktop and industrial size 3D printers; and provides consulting for companies interested in implementing additive manufacturing to develop their business. Create It Real Aps was founded in 2009 and is based in Aalborg, Denmark.

Ulobby

Private Placement in 2020
ULOBBY ApS develops software as a service (SaaS) based platform, which makes it possible for everyone, to work as lobbyists and professionalize their lobby activities. The company’s platform provides a dashboard that monitors and tracks political campaigns, collects and analyses data from politicians, print media, social media, and individual activities. The company was founded in 2016 and is based in Frederiksberg, Denmark.

LifeX

Private Placement in 2020
LifeX Aps is a co-living startup in Copenhagen and Berlin. It helps in settling in a new city with end-to-end relocation services, including a flexible housing subscription in a community of like-minded, events to meet new people and help with all the practicalities of moving. It focuses on strengthening its community through activities and events where everyone can participate. It was founded in 2017 and is headquartered in Copenhagen, Denmark.

Workee

Private Placement in 2020
Workee ApS develops and operates a human resource technology platform for recruiting and onboarding of non-desk employees, such as waiter, chef, sales assistant, receptionist, and bartender. Its application enables companies to post a job, choose the candidates from the applicants, and shortlist and interview candidates in real time. Workee ApS was founded in 2017 and is based in Copenhagen, Denmark.

OnRobot A/S

Private Placement in 2018
OnRobot A/S develops gripping and sensing end-of-arm tooling devices that help manufacturers for industrial automation. OnRobot A/S was formerly known as On Robot and changed its name to OnRobot A/S in June, 2018. The company was incorporated in 2015 and is based in Odense SØ, Denmark.

BotXO ApS

Private Placement in 2020
BotXO ApS designs and develops artificial intelligence chatbot software. The company was founded in 2016 and is based in Copenhagen, Denmark.

SoundBoks

Private Placement in 2020
SoundBoks is a Copenhagen-based hardware start-up developing and selling battery-powered speaker. Founded in January 2015, the company developed a shock and weatherproof design that is portable and durable, with up to 60 hours of battery life at loud volume. It also combines high SPL speaker units with a powerful amplifier in order to reach sounds with an output as high as 119db.

eloomi

Private Placement in 2019
eloomi A/S owns and operates an online platform that includes e-learning, gamification, coaching, and performance tracking solutions. Its platform serves performance development organizations with a dashboard that includes an overview of activities, courses, gamification, and performance status; an e-learning tool to provide access to courses and learning, company specific information, personal assignments, and course catalogues; and a gamification tool to make learning rewarding and fun by including trophies, certificates, points, and others. eloomi A/S was incorporated in 2015 and is based in Virum, Denmark.

Beyond Leather Materials

Private Placement in 2020
Beyond Leather Materials ApS develops and supplies a leather alternative material based on the waste in cider production. It offers a material similar to animal leather using waste left over after pressing apples for juice or cider. The company was incorporated in 2017 and is based in Copenhagen, Denmark.

Chromologics

Private Placement in 2020
Chromologics ApS develops bio-based solutions for natural food colorants. It offers ChromoRed, a new generation food colorants that replaces the current natural red food colorants, such as carmine and betanin. The company was founded in 2017 and is based in Søborg, Denmark.

Nordic Harvest

Seed Round in 2020
Nordic Harvest operates an indoor, high-tech production facility of locally grown greens and herbs, which offers a shorter way from harvest to consumer. Nordic Harvest, founded in 2016 and led by CEO Anders Riemann, is a Vertical Farm producer, as it grows crops indoors, where the grow area is utilised optimally by placing the plants in floors. The products include lettuce, cabbage and herbs, and the future timeplan includes strawberries and blueberries as well as cucumbers, potatoes and alternative protein sources.

Kaffe Bueno ApS

Private Placement in 2020
Kaffe Bueno ApS engages in producing ingredients for cosmetics, functional foods, and nutraceuticals from coffee waste using its proprietary biotechnology. It offers coffee oils, coffee flour, and coffee beans. Kaffe Bueno ApS was incorporated in 2016 and is based in Copenhagen, Denmark.

QuadSAT ApS

Private Placement in 2019
QuadSAT ApS manufactures drones for antenna testing. Its platform uses drone technology to test and calibrate satellite and very small aperture terminal (VSAT) antennas autonomously and satellite that can simulate a ship or aircraft’s motion, which enables the company to get accurate results and reduces time. Additionally, the company also engages in research and development of new technology for testing. It provides installation and maintenance of maritime satellite communication systems. The company was founded in 2017 and is based in Odense, Denmark.

OnRobot A/S

Private Placement in 2019
OnRobot A/S develops gripping and sensing end-of-arm tooling devices that help manufacturers for industrial automation. OnRobot A/S was formerly known as On Robot and changed its name to OnRobot A/S in June, 2018. The company was incorporated in 2015 and is based in Odense SØ, Denmark.

Create it REAL

Private Placement in 2018
Create It Real Aps develops 3D printer electronics kits for manufacturers and startups. It also offers REALvision, a 3D printing slicing software; REALvision for PC, a 3D desktop solution; REALvision Light, a cross-platform slicer for PC/Mac/Linux for consumer-oriented 3D printers; REALvision Online, a web-based slicer accessible from any device, anytime, and anywhere; and REALvision API that can be accessed to REALvision core engine for dedicated application. The company also develops on demand small desktop and industrial size 3D printers; and provides consulting for companies interested in implementing additive manufacturing to develop their business. Create It Real Aps was founded in 2009 and is based in Aalborg, Denmark.

Monsido

Private Placement in 2020
Monsido is a software company that provides a web governance solution designed to give website visitors a superior browsing experience. Its auditing tool provides accurate and insightful information for organizations to identify accessibility and quality assurance issues. This enables them to optimize their online presence and ensure compliance with legal requirements. Monsido has offices in the United States, Australia, and Denmark. Monsido was founded in 2014 and is headquartered in Denmark.

Ontame io

Private Placement in 2018
Ontame.io ApS develops an online recruitment marketing and analytics platform for students and graduates. The company’s platform enables recruiters to hire and cost per hire by using predictive analytics to make recruitment marketing decisions. It serves a variety of sectors ranging from telecommunications to finance, and to utilities and heavy industrials. The company was founded in 2015 and is based in Copenhagen, Denmark. It has an additional office in Sweden.

RFRSH ApS

Private Placement in 2020
RFRSH Entertainment is an esports marketing and media rights company working with a growing number of the best esports teams - established organisations as well as a new crop of player-owned teams. We are the professional force behind the teams that builds their brand and enhances sports performance to accel teams into top placements. They represent the team’s commercial and media rights, connecting them with the top brands in the world for sponsorships and marketing agreements.

Blackwood Seven

Private Placement in 2018
Blackwood Seven A/S provides an automated media allocation platform, which allows advertisers to plan and execute campaigns across various media groups–on and offline–on the basis of performance data. It specializes in video and audio media investments for high-profile disruptive businesses; and provides real-time predictive modeling and media allocation modeling platforms. The company was incorporated in 2013 and is based in Copenhagen, Denmark with locations in Munich, Los Angeles, New York, and Barcelona.

Synklino

Private Placement in 2020
Synklino ApS, a biotech company, develops therapies against virus infections. It offers SYN002, a drug candidate against cytomegalovirus infection in transplantation to change the current antiviral treatment. The company’s SYN002 eliminates cytomegalovirus from infected patients by targeting both lytic and latent infection. The company was incorporated in 2017 and is based in Copenhagen, Denmark.

Visiopharm

Private Placement 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

Private Placement 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.

QuadSAT ApS

Private Placement in 2020
QuadSAT ApS manufactures drones for antenna testing. Its platform uses drone technology to test and calibrate satellite and very small aperture terminal (VSAT) antennas autonomously and satellite that can simulate a ship or aircraft’s motion, which enables the company to get accurate results and reduces time. Additionally, the company also engages in research and development of new technology for testing. It provides installation and maintenance of maritime satellite communication systems. The company was founded in 2017 and is based in Odense, Denmark.

Reapplix

Private Placement in 2020
Reapplix A/S manufactures device for cell therapy that helps patients in wound healing. It offers 3C Patch, a triple layer patch that consists of fibrin for moisture retention and strength, platelets for growth factor release, and leucocytes to orchestrate wound healing and to fight infection. The company was formerly known as Reapplix ApS and changed its name to Reapplix A/S in December 2018. Reapplix A/S was founded in 2008 and is based in Birkerød, Denmark with an additional office in Southlake, Texas.

raffle.ai

Private Placement in 2020
raffle.ai is developing a search tool running on AI fulfilling the vision of enabling people to get their questions answered. raffle is an AI search engine that gives employees or end-users seamless access to company information. raffle.ai works with companies of all sizes and enables people to get their questions answered across all their systems and knowledge bases.