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.