SEED Capital Denmark is a Copenhagen-based venture capital firm focused on seed- and early-stage technology investments in Denmark and the Nordic region. Founded in 2004, it backs technology-driven companies across software, information technology, and TMT sectors and supports Danish startups with global ambitions. The firm has managed multiple funds including SEED Capital Denmark II, III and IV, and makes investments across Denmark and other Nordic markets such as Finland, Iceland, Norway and Sweden depending on the fund. Typical ticket sizes vary by fund, with documented ranges from about 5 million to 75 million Danish kroner, and late-seed rounds sometimes reported in the low single-digit millions of euros. Through its funds, SEED Capital Denmark aims to build early-stage portfolios of Danish tech companies and guide them toward international growth.

PSV is a venture house focused on supporting early-stage founders in the Nordic region through a hybrid structure that includes PSV Foundry, PSV Lab, and dedicated venture funds PSV Tech and PSV Hafnium. Based in Kongens Lyngby, Denmark, and founded in 2000, it invests in early-stage companies in life science, information technology, advanced manufacturing, and clean technology across Denmark and Sweden. PSV emphasizes backing founders pre-product/market fit and helping software-powered ventures move from initial validation to repeatable, scalable models, aiming to rethink traditional investing methods to maximize impact.

NorthCap Partners is a Danish venture capital and private equity firm founded in 1999 and based in Copenhagen, Denmark. It invests across seed, early-stage, and growth capital in technology companies in Western and Northern Europe, with a focus on information technology and software such as cloud computing (SaaS), communications, mobile and mobility, online services, and e-commerce. The firm targets B2B and B2B2C companies and typically supports portfolio companies from initial traction onward, often focusing on Nordic and Northern European markets including Denmark. In addition to providing funding, NorthCap Partners offers strategic and operational guidance in areas such as strategy, internationalization, sales processes, recruitment, and organizational development.

Futuristic.vc is a Copenhagen-based venture capital firm that backs Nordic startups at pre-seed to early stages. It maintains a sector-agnostic mandate while prioritizing SaaS, B2B, and B2C models and pursues opportunities across the Nordic region. Founded in 2017, the company operates an additional office in Aarhus, Denmark.

Morph Capital is a venture capital firm founded in 2018 and based in Copenhagen, Denmark. It invests in early-stage startups across sectors including B2B, financial services, information technology, ad tech, fintech, health technology, legal technology, SaaS, blockchain, advanced manufacturing, infrastructure, e-commerce, ride-sharing, and virtual reality. The firm supports its portfolio companies by assisting with infrastructure setup, growth planning, strategy development, talent hiring, legal work, and fundraising preparation.

Vaekstfonden, the Danish Growth Fund, is a government organization in Denmark that strengthens access to venture capital for Danish companies to foster innovation, growth and jobs. It finances companies nationwide across sectors in collaboration with banks and domestic and international private investors, supporting them through their lifecycle—from inception and growth to expansion abroad and initial public offering.

Copenhagen Infrastructure Partners is a multinational fund management company specializing in investments in energy, renewables, and water infrastructure across Europe, Asia and North America. The firm manages a family of infrastructure funds, including CIP II, CIP III, CIP IV and CIP V, all aimed at long-term, core infrastructure exposures with a focus on renewable energy and related assets. Its team brings extensive experience in regulated infrastructure, project development, and energy projects, with leaders who have held senior roles at DONG Energy. CIP pursues durable, long-horizon investments in assets such as offshore and onshore wind, solar, electricity transmission and energy storage, as well as other clean infrastructure opportunities.

Lundbeckfonden is an independent non-profit foundation based in Copenhagen, Denmark. Established in 1954, it aims to maintain and expand the Lundbeck Group’s activities and to provide financial support for research in biomedical and natural sciences. The foundation's assets are managed by a board of directors and it is supervised by the Danish Civil Affairs Agency.

Upfin is a specialized early-stage fintech investor focused on backing financial technology startups.

NOON Ventures is a venture capital firm based in Copenhagen, Denmark, that invests in Northern Europe technology companies. It focuses on transformative technologies with potential environmental or climate impact and aims to partner with green entrepreneurs by taking a selective, hands-on approach. Rather than a broad portfolio, NOON collaborates closely with a small number of portfolio companies to act as co-developers, dedicating significant time to help build lasting businesses. The firm also targets opportunities in materials, resources, and energy sectors, aligning its investments with sustainability goals.

Crista Galli Ventures is a venture capital firm focused on healthtech, digital health, and deep tech, investing in early-stage companies across Europe, particularly Seed and Series A rounds. Founded in 2019 and headquartered in Copenhagen with an additional office in London, it provides patient capital to pan-European startups and tends to back companies in healthcare, digital health, and personalized healthcare. Typical ticket sizes include seed investments up to £0.5 million and Series A up to £3 million.

Underground Ventures, established in 2024 and based in Copenhagen, Denmark, is a venture capital firm focused on early-stage technology companies. It specializes in investing in geothermal energy technology startups, aiming to facilitate global geothermal deployments. The firm commits up to $40 million over a period of 3 to 5 years to support these innovative ventures.

LundKenner Ventures is a Copenhagen, Denmark based venture capital firm that concentrates on information technology companies. The firm emphasizes entrepreneurship and building great companies, believing that success stems from people, ideas, and experiences rather than money alone. Its partners bring firsthand startup experience and are committed to guiding portfolio companies through challenges, aiming to support sustainable growth and value creation. LundKenner seeks to remove barriers to scale by collaborating closely with entrepreneurs, combining strategic insight with long-term commitment to help teams advance to the next stage. The approach centers on a practical, hands-on partnership that prioritizes the needs of founders and their companies over short-term incentives.

North Ventures is a venture capital firm based in Copenhagen, Denmark. It invests in technology-driven startups from seed to Series A, with a focus on Danish growth companies.

Kinnevik is an industry-focused investment company based in Sweden that builds digital consumer businesses by partnering with talented founders and management teams to create, invest in, and lead fast-growing companies in developed and emerging markets. The group seeks to deliver shareholder value while contributing positively to society through well-governed ventures and responsible governance. Founded in 1936 by the Stenbeck, Klingspor and von Horn families, Kinnevik concentrates on digital consumer platforms and related technologies across global markets.

Balderton Capital is a London-based venture capital firm that focuses on early-stage investments in European technology companies, including information technology, fintech, consumer products, healthcare tech, and related sectors. It supports founders throughout the journey, offering strategic advice, introductions to professional service providers, and opportunities to participate in workshops and a founder community. Balderton primarily targets Series A opportunities and backs companies from seed through growth phases, aiming to help them scale in Europe with a strong network and hands-on support.

Novo Nordisk is a global healthcare company that develops, manufactures, and distributes insulin and other diabetes medicines to treat chronic diseases. It pursues scientific breakthroughs and aims to expand access to its medicines, with the ultimate goal of preventing and curing disease.

Creandum is a European early-stage venture capital firm headquartered in Stockholm with offices in London, Berlin, and San Francisco. It backs technology and consumer businesses across Europe and North America, providing capital as well as strategic and operational support to help portfolio companies scale from seed to exit. The firm leverages a broad network and hands-on involvement to help founders recruit, grow, and navigate international markets. Notable portfolio companies include Spotify, Klarna, Depop, Trade Republic, Pleo, and Neo4j.

byFounders is a Copenhagen-based venture capital firm with an office in San Francisco that backs early-stage technology startups, primarily in the Nordic and Baltic regions, through pre-seed and seed rounds and, in some cases, Series A. Operated by a collective of accomplished regional entrepreneurs, the firm provides hands-on support alongside capital to help founders scale globally. It focuses on technology ventures, with emphasis on artificial intelligence, and makes follow-on investments in its portfolio to sustain growth.

Seedcamp is a European seed-stage venture capital firm based in London that identifies and invests early in founders tackling large global markets with technology. It supports a community of more than 400 startups, including publicly listed UiPath and Wise and unicorns such as Revolut, Hopin, Sorare, Pleo and wefox, as well as fast-growing companies like Grover, viz.ai and Ezra. The firm accelerates founders by providing smart capital, a lifelong community, and a global network built on more than a decade of backing exceptional talent.

SOSV is a global venture capital firm based in Princeton, New Jersey, founded in 1995, that focuses on seed to growth investments in deep technology across health, environmental tech, hardware, robotics, and cross border software, with a particular emphasis on Asia. The company runs accelerator style startup development programs, including HAX and IndieBio, which provide facilities, engineering resources, and lab equipment to help founders accelerate product development, acquire customers, and attract later stage funding. SOSV pursues a limited number of high potential startups, offering extensive hands on support to speed commercialization and scale, and aims to back innovations that improve human and planetary health.

Socii Capital is a venture capital firm based in San Francisco, with an additional office in London. It invests in software-enabled digital infrastructure and related sectors such as digital banking, automation and productivity, smart transportation, fintech, insurance, security, transportation, and urban planning. The firm partners with mission-driven entrepreneurs to build the software-enabled digital infrastructure of the future.

MIG is a Munich-based venture capital firm founded in 2004 that invests in technology-driven sectors including artificial intelligence, machine learning, digitalization, Internet of Things, biotechnology, medical technology, digital health and life sciences. It manages multiple venture funds spanning early to late stage investments and operates funds regulated by BaFin, with a portfolio of dozens of companies across Europe. The firm focuses on deep tech and life sciences, supporting robotics, materials and environmental engineering, healthtech and related sectors.

Northzone is a venture capital firm founded in 1996 and headquartered in London, with offices in New York, Oslo and Stockholm. The firm backs technology-focused companies across stages, prioritizing software, hardware, and AI-enabled businesses, along with sectors such as healthcare, semiconductors, blockchain, gaming, fintech, and marketplaces. Northzone seeks to help founders scale internationally by connecting portfolio companies with customers, partners and talent through its global network. The firm has built a track record of partnering with category-defining founders and has a Nordic to European footprint complemented by a U.S. presence to support cross-border growth. Northzone emphasizes technology-driven models with potential for rapid expansion and tends to invest in companies at early to growth stages, leveraging its multi-region reach to support portfolio companies in scaling globally.

Vækstfonden, also known as the Danish Growth Fund, is a venture capital firm established in 1992 and headquartered in Hellerup, Denmark, with additional offices in Vojens and Jutland. It focuses on enhancing access to risk capital for Danish businesses across various sectors, from seed stage to growth and expansion phases. The firm specializes in both direct investments and fund of funds investments, targeting small and medium enterprises, particularly in the life sciences and technology sectors. Vækstfonden operates through five investment groups: Life Science Ventures, Growth Capital, Fund of Funds, Technology Ventures, and Need-Driven Ventures. It typically invests between DKK 5 million and DKK 25 million, acquiring up to a 25% equity stake in its portfolio companies. Additionally, Vækstfonden collaborates with banks, private investors, and Danish financial institutions to provide loans, guarantees, and co-investment opportunities, supporting companies throughout their entire growth journey, including international expansion and potential public offerings.

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Headquartered in New York City with offices in London, Tel Aviv, and Palo Alto, it concentrates on growth-stage software, internet, and data services, with notable focus areas including fintech, cybersecurity, AI/ML, DevOps, and healthcare. Founded in 1995, Insight Partners manages over $75 billion in regulatory assets under management and has invested in more than 750 companies worldwide, with over 55 portfolio companies achieving an IPO. The firm combines capital with hands-on, right-sized software expertise to support portfolio companies on their growth journey from first investment to IPO.

Owl Ventures is a San Francisco-based venture capital firm founded in 2014 that specializes in education technology investments across early childhood, K-12, higher education and career learning. The firm maintains a hands-on approach to help edtech startups scale into category-leading companies and has invested in around two dozen education technology companies, leveraging deep domain expertise to guide product development, deployment and growth.

FinTech Collective is a global venture capital firm based in New York with offices in New York and London that focuses on early‑stage fintech and related technologies. Founded in 2012, the firm backs entrepreneurs developing ways money moves and financial services platforms, spanning capital markets, wealth and asset management, banking, lending, payments, insurance, and DeFi. It targets seed to Series B investments and supports startups across a global footprint, including ventures in Europe, Africa, and the Americas, with emphasis on information technology, software as a service, B2B payments, and blockchain infrastructure. By partnering with founders to scale, the firm aims to back technology‑driven shifts in the financial services landscape.

Science is a California-based venture capital firm headquartered in Santa Monica that targets early-stage technology investments in the United States and India. The firm participates across seed, early, and later stages and backs companies in sectors including e-commerce, apparel, data services, media, blockchain, edtech, fintech, IoT, micro-mobility, gaming, and marketplaces. It identifies entrenched markets and societal shifts and supports disruptive companies with highly focused teams, and has co-founded and invested in more than 60 companies.

Kurma Partners is a Paris-based investment management company focused on funding innovation in healthcare and biotechnology across Europe. Established in 2009, it targets early-stage to development capital for life sciences companies and digital health ventures, spanning healthcare, biotechnology, and related technology sectors. The firm pursues a hands-on approach to support research-driven startups, leveraging connections with research institutes and hospitals to advance therapeutic and medical innovations. Through its activity as a private equity and venture investor, Kurma Partners seeks to back companies throughout their growth trajectory, from initial concept to market readiness, helping them navigate clinical development, regulatory pathways, and commercialization in the European market.

Dawn Capital is an early-stage venture capital firm based in London that invests in European startups in enterprise software and FinTech. It provides capital and strategic guidance to help founders scale growth, refine products, build scalable business models, and pursue global expansion. The firm focuses on software technology, B2B services, cybersecurity, data and analytics, and related technology sectors, and supports portfolio companies through the growth cycle from seed to later stages. Founded in 2006, Dawn Capital seeks to back category-defining companies that leverage cloud computing, AI, and no-code trends to transform how businesses and people work.

Speedinvest is a European venture capital firm founded in 2011 and headquartered in Vienna, with offices across Europe and in San Francisco. It specializes in early-stage investments in technology sectors including deep tech, fintech, health, industrial tech, marketplaces, software as a service and infrastructure, climate tech, crypto, and emerging markets. The firm runs specialized investment teams aligned to these industries and offers an in-house Platform+ team providing tailored operational support, such as growth marketing, human resources, US business development and networking assistance throughout the portfolio journey. Speedinvest seeks to be a hands-on partner, sometimes taking operational roles for a period to help portfolio companies scale, and emphasizes hands-on collaboration with founders to accelerate growth.

Heartcore Capital is a venture capital firm founded in 2007 in Copenhagen, Denmark, with offices in Copenhagen, Berlin and Paris. The firm manages multiple funds and invests in seed to growth-stage startups across Europe, with occasional investments in the United States. It backs consumer internet brands, software, health and wellness, e-commerce and other technology-enabled sectors, emphasizing support for ambitious founders and personal development alongside business growth. Heartcore has backed more than 70 founding teams across Western Europe and beyond, aiming to partner with entrepreneurs as trusted collaborators rather than traditional financiers.

Antler is a global venture capital firm based in Singapore that backs early-stage technology companies. It runs incubation programs and provides a global community of co-founders, access to talent, expert advisors, expansion support, and capital to help startups grow. The firm targets a broad range of sectors, including healthcare, finance, software, energy, consumer and B2B technologies, and operates through regional programs across Europe, the United States, the United Kingdom, Southeast Asia, India, Africa, and beyond.

Gradient Ventures is Google's AI-focused venture capital firm, founded in 2017 and based in Palo Alto, California. The firm backs seed- and early-stage startups in artificial intelligence and machine learning, providing capital and access to Google’s technical leadership and ecosystem. It supports founders in developing and scaling AI-enabled products by sharing best practices in recruiting, design, marketing, and engineering, and by connecting portfolio companies with Google resources to navigate early product challenges and drive practical AI applications across industries.

Crowberry Capital is a Reykjavik, Iceland-based venture capital firm that backs seed and early‑stage technology startups in the Nordic region. It supports teams in building fast-paced, globally oriented companies from the Nordics by leveraging technology advantages and providing hands-on backing from seed to exit. The founding partners have worked together for several years and bring experience from managing numerous technology startups, negotiating multiple exits, and making seed investments. The team maintains a global outlook, having lived and worked in several countries across continents.

People Ventures, founded in 2016 and based in Taastrup, Denmark, is focused on developing early-stage technology startups across various industries, including digital health, enterprise software, and SaaS. The firm collaborates with a diverse team of co-founders, investors, executives, engineers, academics, and industry experts to support entrepreneurs in building successful businesses. By providing essential resources, strategic guidance, and operational execution, People Ventures aims to foster innovation and drive the growth of promising technology companies.

IdeKapital is a venture capital firm based in Oslo, Norway, founded in 2016. It invests in rapidly growing Norwegian technology companies across stages, including seed, early, and growth, with a focus on software, information technology, and related services. The firm provides growth equity and offers strategic advice and scale-up support to entrepreneurs to help them expand operations and scale their businesses.

Scale Capital is a Danish venture capital firm founded in 2012 and based in Copenhagen, with offices in New York and Silicon Valley. It concentrates on early-stage investments in Nordic and Northern European technology companies, primarily B2B software and tech-enabled services, across sectors such as information technology, artificial intelligence, cloud, cybersecurity, fintech, healthcare/digital health, HR tech, industrial tech, and space-related tech. The firm typically makes seed to Series A investments, often in the range of one to several million euros, and supports portfolio companies seeking to expand into the US market.

GGV Capital is a global venture capital firm that, as of March 2024, operates as two separate brands: Granite Asia, based in Singapore, which invests across the Asia-Pacific region including Southeast Asia, Japan, China, India, and Australia; and Notable Capital, based in Silicon Valley with offices in San Francisco and New York, which invests in the United States, Israel, Europe, and Latin America. Founded in 2000, the firm has a long track record of providing expansion and early-stage capital to technology companies in the United States and China, and it supports portfolio companies across software, IT, cloud, and related technology sectors.

IDC Network is a financial consulting firm with over 30 years of history that structures, promotes, and manages investment funds and provides corporate advisory services to corporations, family businesses, and investment groups. It operates a multi-fund platform and has about 2.8 billion in assets under management. The firm offers financial valuations, mergers and acquisitions, liability restructuring, heritage strategy, and issuance of shares across sectors including agroindustry, financial services, consumer, industrial, technology, and telecommunications. IDC Ventures, its global investment vertical founded in 2019, invests in FinTech and marketplace startups from Series A to growth stages across Europe, the United States, and Latin America, primarily Brazil and Mexico, adopting a family-centric approach and aiming to be the partner of choice for leading families.

14W is a New York-based venture capital firm that backs early-stage companies across healthcare, software, marketplaces, and consumer technology, including mobile, web, e-commerce, consumer packaged goods and media. Led by Alex Zubillaga, the firm maintains a global footprint with teams in New York, London and Madrid and seeks to partner with founders to disrupt and create new categories across North America and Europe. Founded in 2010, 14W aims to back ventures that make the future more accessible, efficient and connected.

Educapital is a Paris-based venture capital firm that invests in early-stage edtech companies across Europe, Israel and the United States. It focuses on education technology and related learning sectors, including talent management, recruitment, content and platforms, tools and hardware for learning, and innovative schools. The firm targets seed to growth investments and seeks to back companies with the potential to become European and global leaders, leveraging a large edtech community to support portfolio companies.

Sweet Capital is a venture capital firm founded in 2015 by the founders of King.com, creators of Candy Crush. It focuses on partnering with entrepreneurs to develop, launch, and scale early-stage technology companies in the consumer and mobile space, with activity in London and Stockholm.

CIBC Innovation Banking is a division of CIBC that serves entrepreneurs and investors in the innovation economy. Backed by CIBC, it offers financial capital, a broad network of connections, and insightful service to help growth-oriented companies and their investors secure funding, form partnerships, and scale operations. The bank's team combines capital solutions with practical guidance and access to a wide ecosystem of industry partners to support startups and venture-backed businesses through key growth stages.

VentureFriends is a venture capital firm based in Athens, Greece, specializing in seed and pre-seed investments in tech-enabled startups across Europe. It backs early-stage companies in fintech, proptech, marketplaces, B2B software as a service, e-commerce, IT, and related sectors, with typical checks ranging from a few hundred thousand to a couple of million euros and potential follow-ons. The firm emphasizes a founder-friendly approach, drawing on the experience of ex-entrepreneurs and angel investors to support growth and go-to-market efforts. Investments target companies capable of building durable moats and scalable businesses, primarily in Europe, with activity across the broader EMENA region. The firm is credited with establishing a presence in Athens and focusing on a broad tech-enabled toolkit for portfolio development, networks, and strategic guidance.

HealthCap is a Stockholm, Sweden-based venture capital firm founded in 1996 that focuses on life sciences and healthcare. The firm invests globally in companies developing pharmaceuticals, biotechnology, medical devices, diagnostics, and related technologies, supporting opportunities across early- and late-stage development. By backing European and international life sciences ventures, HealthCap aims to help innovate and bring therapies and healthcare solutions to market, leveraging its industry expertise to guide portfolio companies from research through commercialization.

RA Capital Management is a Boston-based investment firm that specializes in life sciences and healthcare companies. The firm provides investment management and venture capital services, backing companies developing drugs, medical devices, diagnostics, and biotech tools. Its team combines expertise in biology, chemistry, and medicine with industry and business development experience. RA Capital supports companies across multiple stages, from seed funding to growth financings, including private and public rounds, and often takes board seats and seeks co-investment opportunities. Through its activity, it aims to identify technologies with potential to advance prevention and treatment, genetic testing and personalized medicine, and other patient-focused innovations.

Ugly Duckling Ventures supports Nordic ventures at seed and pre-seed stages by providing capital, expertise, and practical application.

Digital Health Ventures is a Berlin-based venture capital firm founded in 2015 that invests in digital health startups. It is described as an experienced early-stage investor that supports portfolio companies and leverages networks in technology and healthcare to help startups scale, contributing to the development of a sustainable digital health ecosystem in Europe.