Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We can accompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.

Novo Holdings is a Danish holding and investment firm managing the assets of the Novo Nordisk Foundation. Established in 1999, it invests globally in life science companies at all stages of development, with a portfolio also including equities, bonds, real estate, and infrastructure.

Seed Capital is an investment firm that focuses on late seed-stage technology companies in Denmark with global potential. The firm typically invests between 1 to 3 million euros in funding rounds ranging from 1 to 6 million euros. Annually, Seed Capital aims to invest in 15 to 20 new companies, primarily from the Nordic region. With a strong network of angel investors and international venture capitalists, Seed Capital often collaborates with other investors to support its portfolio companies through various stages of growth. In addition to financial backing, the firm provides valuable assistance in areas such as management support, business development, strategic planning, and operational guidance. Seed Capital has a successful track record, having invested in notable companies like Trustpilot, Vivino, and Endomondo, contributing to their development into significant players in the tech industry.

Denmark's Export and Investment Fund (EIFO) serves as a single point of contact for Danish firms seeking risk-tolerant government finance. We aspire to help successful enterprises that can expand the Danish economy and green the world on a daily basis, guided by professionalism and an international perspective.

BioInnovation Institute is a biotechnology incubator and accelerator located in Copenhagen, Denmark, founded in November 2018. It focuses on supporting early-stage life science startups, particularly in the fields of medical technology, pharmaceuticals, health technology, therapeutics, bio-industrials, and biotechnology. The institute provides various resources to entrepreneurs and researchers, including funding of up to 10 million DKK, business acceleration, access to laboratories, office space, and a robust network. BioInnovation Institute aims to foster innovation and commercialization of new solutions in human and planetary health, helping startups navigate the challenges of bringing their ideas to market. Additionally, it offers further financial support through its Venture House program, which provides risk-free convertible loans to enhance teamwork and scientific advancement among its portfolio companies.

Rockstart is an early-stage accelerator and impact investor based in Amsterdam with international reach, founded in 2011. It supports purpose-driven founders building in energy, health, agrifood, and emerging technologies by providing capital, hands-on mentorship, and access to a global network of co-investors, mentors, partners, and corporates. The firm operates across Amsterdam, Copenhagen, and Bogota, and maintains a team of professionals who help startups scale, connect to markets, and navigate funding rounds. Rockstart has backed more than 350 startups, with a focus on generating positive social or environmental impact while achieving growth.

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.

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.

A European early-stage venture capital firm founded in 2007, Sunstone Life Science Ventures invests in novel pharmaceutical ingredients for human therapeutic use. With a focus on the life science sector, they manage multiple funds totaling over €570M, investing across Northern and Western Europe.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Founded in Copenhagen, Denmark in 2014, Dreamcraft Ventures is a venture capital firm investing in European tech-driven companies from pre-seed to series A. They focus on gaming, esports, B2B SaaS, and decarbonization sectors.

Founded in Denmark in 1998, Polaris is a private equity firm focusing on mid-market companies primarily in the Nordic regions. It invests across various sectors such as commercial services, manufacturing, industrials, and information technology.

Founded in 2012 and based in Copenhagen, Denmark, Founders is a startup studio that partners with visionary individuals to build technology companies. They invest as first-money partners, focusing on the 'why' and 'who', while collaboratively developing the 'what' and 'how'.

EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.

PreSeed Ventures is a venture capital firm founded in 2000 and located in Kongens Lyngby, Denmark. It specializes in investing in early-stage companies, particularly in the life science, information technology, advanced manufacturing, and clean technology sectors within Denmark and Sweden. The firm operates at the pre-seed stage, providing essential support to founders as they transform their startup visions into successful businesses. With a strong foundation in the technological research environment at Denmark's Technical University, PreSeed Ventures leverages its extensive experience in nurturing promising startups while minimizing risks associated with early investments. In 2020, the firm launched its first commercial venture fund, continuing its mission of fostering innovation and growth among emerging companies.

Maj Invest Equity is a Denmark-based asset management and private equity firm founded in 2005 and headquartered in Copenhagen. It serves professional and institutional clients through asset management and strategic asset allocation services, and manages investments for institutional clients and related funds. In private equity, it advises funds on investments in unlisted companies and provides discretionary investment services to clients, with international activity including advising funds on investments in regions such as Europe and beyond, and sectors like microfinance, energy and fertilizers. The firm emphasizes investment in small and medium-sized companies and combines active investment approaches with prudent portfolio construction to support long-term value creation for its clients.

Accelerace, established in 2008, is a leading accelerator based in Copenhagen, Denmark. It invests in pre-traction startups across Denmark, the Nordics, Baltics, and Italy, focusing on sectors such as fintech, edtech, cleantech, and digital health. Notable alumni include Trustpilot and Labster. Additionally, Accelerace organizes the Nordic NOME mentor network for life science startups.

Founded in 2012, Adelis Equity Partners is a Stockholm-based private equity firm specializing in lower mid-market investments across the Nordic region. The firm focuses on organic and acquisition-based growth investments in niche industrials, retail, life science, consumer, healthcare, medical technology, and business service sectors.

Axcel is a Nordic private equity firm founded in 1994 that focuses on mid-market companies. It has a broad base of Danish and international investors and has raised four funds with total committed capital of about DKK 10 billion. The firm has completed more than 45 investments and facilitated more than 80 bolt-on acquisitions to drive growth in its portfolio companies. Headquartered in Copenhagen, Axcel operates across sectors including industrials, business services, consumer goods, healthcare and technology, supporting companies in Denmark and the Nordic region.

Established in 2019, Nordic Secondary Fund invests in European scaleups post Series-A round, with a focus on proven business models and primarily targeting companies from the Nordic and Baltic regions.

Founded in 2013, North-East Venture is a corporate venture capital firm based in Copenhagen, Denmark. It focuses on investing in innovative startups across various sectors including fintech, e-commerce, consumer lifestyle and sustainability, artificial intelligence, virtual reality, and augmented reality.

Nordea Funds, a subsidiary of Nordea Bank AB (publ), is a Finnish investment management company that offers a broad spectrum of investment products. It manages equity, fixed income, and balanced mutual funds, as well as hedge funds, for its clients. Nordea Funds invests in public equity and fixed income markets, catering to both individual and institutional investors. The company is headquartered in Helsinki, Finland, and operates as part of Nordea Bank, Denmark's second-largest bank, which provides a comprehensive range of financial services, including banking, insurance, and investment products.

Established in 2019, IDC Ventures is a global venture capital firm focusing on FinTech and marketplace startups. It invests in Series A to growth-stage companies across Europe, the US, and Latin America, with a primary focus on Brazil and Mexico.

PreSeed Ventures is a venture capital firm headquartered in Kongens Lyngby, Denmark. Founded in 2000, it targets early-stage investments in companies active in life science, information technology, advanced manufacturing, and clean technology, with a focus on Denmark and Sweden.

Established in 2009, Lundbeckfonden Ventures is an evergreen life science venture fund wholly owned by the Lundbeck Foundation. It invests up to €50 million annually, operating independently and generating returns to support its activities.

Scale Capital is a Danish venture capital firm founded in 2012 and based in Copenhagen, with offices in New York and the San Francisco Bay Area. It backs early-stage technology startups, with a Nordic focus on B2B software, artificial intelligence, analytics, digital health, and related tech sectors, and it also supports cross-border expansion to the United States. The firm typically participates in Seed to Series A rounds, providing investment checks in the €1-4 million range to help validate business models and accelerate growth. While primarily Nordic in origin, Scale Capital seeks to help portfolio companies scale internationally and win in the US, applying a technology-led, sector-focused approach to building resilient, scalable businesses.

The EIC Accelerator is a Horizon Europe funding program that provides assistance to start-ups and SMEs that have an innovative, game-changing product, service, or business model that has the potential to create new markets or disrupt existing ones, and have the ambition and commitment to scale up, are seeking substantial funding, but the risks involved are too high for private investors to invest alone

BankInvest Group, founded in 1969 and based in Copenhagen, Denmark, is a financial services company that specializes in asset management and investment products. As a subsidiary of BI Holding, BankInvest offers a diverse range of investment solutions, including equities, over-market equities, debt instruments, private equity, and venture capital funds. The firm focuses on investing in various sectors, such as business products, business services, energy, healthcare, manufacturing, and technology, primarily within Northern Europe. In addition to investment products, BankInvest provides asset management and administration services to its clients.

Erhvervsinvest Management is a Denmark-based private equity firm founded in 2004 and based in Charlottenlund. It targets small and mid-sized Danish companies, particularly in the manufacturing and service sectors, seeking capital and governance support for ownership transitions, generational changes, restructurings or industry consolidations. The firm typically invests 3 to 20 million Danish kroner in equity or debt instruments such as convertible or subordinated loans, often taking a majority stake and a seat on the board. Target companies generally have revenue in the range of 50 to 500 million Danish kroner. Although sector-agnostic, it favors established businesses with growth potential and aims to provide capital and operational expertise to support transitions and consolidation in the Danish market.

Core Sustainability Capital is a private equity firm established in 2022 and headquartered in Copenhagen, Denmark. The firm focuses on investing in Nordic companies that prioritize sustainability as a fundamental aspect of their operations. Core Sustainability Capital aims to make impact investments primarily in the renewable energy, healthcare, and technology sectors, aligning financial success with positive environmental and social outcomes.

Established in 2013 and headquartered in London, West Hill Capital is a venture capital firm that focuses on financing fast-growing technology businesses across Europe. They provide strategic advice and capital raising solutions to companies at various stages, from seed rounds through to IPOs or M&A exits.

Established in 2021 and headquartered in Copenhagen, Denmark, The Aventures is a venture capital firm specializing in early-stage investments. They focus on deep-tech companies at the pre-seed and seed stages, bringing together expertise from backgrounds such as cloud infrastructure, data science, machine learning, software development, and business development.

Maersk Growth is the partner for external innovation for Maersk, serving as the corporate venture capital arm that invests in startups and new technologies to decarbonize transportation and shipping. Founded in 2017 and based in Copenhagen, Denmark, the company focuses on climate tech and energy transition opportunities and pursues collaborative proof-of-concept initiatives within logistics and supply chain technologies, aligning investments with Maersk's strategic priorities. By supporting early-stage ventures and partnerships, Maersk Growth aims to accelerate solutions that enhance efficiency, reduce emissions, and advance sustainable growth across global logistics networks.

Founded in 2021, Climentum Capital is a venture capital firm based in Copenhagen, Denmark. It invests in European seed and series A climate tech companies, focusing on sustainable, low-carbon, and circular industries.

Morph Capital, established in 2018 and headquartered in Copenhagen, Denmark, is a venture capital firm that focuses on investing in early-stage companies led by promising founders. The firm specializes in providing support in various critical areas, including establishing infrastructure, developing growth plans, strategizing, facilitating hiring, and managing legal matters. Additionally, Morph Capital assists its portfolio companies with future fundraising efforts, encompassing both soft and hard funding. The firm's primary investment interests lie in the finance, legal/regulatory, software as a service (SaaS), and blockchain sectors, emphasizing its commitment to the B2B and technology landscapes.

Founded in 2017, Impilo is a Stockholm-based private equity firm focused on investments in the healthcare sector across the Nordic region. It specializes in buyout and growth capital investments, targeting companies operating in pharmaceuticals, medical technology, healthcare services, and other health-related segments with revenues between SEK 200 million to SEK 1.5 billion.

Capidea, established in 2006, is a Danish private equity firm based in Copenhagen. It specializes in long-term investments in small and medium-sized companies, primarily targeting majority stakes in trading, distribution, service, and manufacturing sectors. Capidea focuses on facilitating generational changes, management buy-outs, and management buy-ins, as well as providing capital for growth and add-on acquisitions. With approximately DKK 1.5 billion (EUR 200 million) under management across two funds, Capidea aims to support competitive businesses through strategic partnerships.

ATP Private Equity Partners, established in 2001, is a leading European investment firm specializing in private equity. It invests directly, indirectly through secondary markets, and in fund of funds strategies. The firm primarily focuses on buyout funds targeting growing or mature companies in Western Europe and North America, with commitment sizes ranging from €3 million to €100 million per fund. Additionally, it considers co-investment opportunities with portfolio funds, typically between €10 million and €15 million. ATP PEP seeks to allocate 60% to 75% of its program to buyouts, 5% to 10% each to venture capital and secondary/distressed funds, and up to 10% to co-investments. The firm aims to take an advisory board seat in its portfolio companies. With approximately €7 billion under management, ATP PEP has an annual investment program of €400-500 million. It operates from offices in Copenhagen, Denmark, and New York, USA, and is a subsidiary of The ATP Group.

Established in 1998, Syddansk Innovation is a Danish business incubator based in Odense. It focuses on fostering innovation across various technology sectors, including industry and tech, ICT, life science, clean tech, and welfare technology.

Templafy ApS, established in 2013, specializes in template and document management solutions. Its core product, the Templafy platform, connects and manages an organization's entire document ecosystem. Key features include template and content accessibility, dynamic personalization, document automation, brand and content validation, template governance, and PowerPoint productivity services. Templafy serves a wide range of industries, including banking, consulting, education, insurance, and legal, with a global presence across North America, Europe, Asia, and Australia. The company's innovative platform automates business document creation, ensuring brand compliance, governance, and improved productivity. It supports over 800 enterprise customers worldwide, such as KPMG and IKEA, and has raised $200 million in funding from prominent investors.

Founded in 1911, Keesing Media Group is a European publisher specializing in puzzle magazines and apps. It offers a variety of puzzles such as sudoku, word searches, and logic games in multiple languages across the Netherlands, Belgium, Denmark, Germany, France, Spain, and Sweden.

Founded in 2011, Den Sociale Kapitalfond is a Danish venture capital firm focused on investing in social impact companies. It manages funds dedicated to growth-stage enterprises and runs an accelerator program. The firm prefers investments that create positive social change alongside economic returns.

Founded in 1983, Accel is a venture capital firm dedicated to helping entrepreneurs build world-class technology-focused companies. It invests in early and growth-stage startups across sectors such as software, cloud technologies, mobile, consumer services, and others.

CataCap Management is a private equity firm based in Copenhagen, Denmark, founded in 2011. It focuses on investing in small and medium-sized companies across Denmark, applying active ownership and a hands-on, structured approach to portfolio development to drive rapid and sustainable growth and create long-term value for stakeholders.

Firmafon ApS is a Copenhagen-based company that specializes in cloud-based phone solutions tailored for small and medium-sized enterprises. Established in 2009, it offers a web-based switchboard, also known as a virtual PBX, which integrates seamlessly with a mobile virtual network operator. This innovative service is designed to enhance communication by providing a simple and intuitive user interface, enabling users to engage in improved conversations over long distances. Through its offerings, Firmafon aims to inspire businesses to foster human relationships effectively.

Verdane is a specialist growth equity investment firm that partners with sustainable, tech-enabled Northern European businesses to help them reach the next stage of international growth. With over €3bn in total commitments and over 120 investments since 2003, Verdane invests behind three core themes: Digital Consumer, Software Everywhere, and Sustainable Society.

Configit A/S is a software company based in Copenhagen, Denmark, that specializes in configuration solutions designed to address complex product configuration challenges for businesses. Founded in 2000, Configit offers a range of products, including Configit Quote, which facilitates configure-price-quote processes for SAP users; Configit Ace, an enterprise application for managing various aspects of configurable products; Configit Model, aimed at system integrators for developing configurator applications; and Configit Build, which focuses on designing user experiences for solution configuration. The company serves diverse industries, such as automotive, high tech, HVAC, industrial components, safety, industrial machinery, and life sciences across the Asia-Pacific, Europe, and North America. Configit's innovative solutions leverage its patented Virtual Tabulation technology, enabling the management of intricate manufacturing models with billions of potential combinations. In 2014, Configit expanded its capabilities by acquiring 3DFacto, enhancing its expertise in visualization and CAD and PLM integration.

Stylepit is an online fashion retailer based in Copenhagen, Denmark, specializing in delivering a wide range of clothing and accessories for men, women, and children. Founded in 2000, the company operates exclusively online, eliminating middlemen and overhead costs to provide competitive prices directly to customers. Stylepit offers a diverse selection of products, including dresses, skirts, pants, jeans, jackets, coats, hoodies, sweatshirts, shoes, and various accessories. The retailer ships to more than 20 countries worldwide, catering to a global customer base.

Ramboll Group is a global engineering, architecture, and consultancy company headquartered in Copenhagen, Denmark. The firm specializes in creating sustainable solutions across various sectors, including buildings, transport, urban design, environment and health, energy, and management consulting. Ramboll is dedicated to designing the cities and communities of the future, emphasizing innovative approaches that benefit clients, end customers, and society as a whole. The company values the creativity, knowledge, and integrity of its employees, fostering diverse teams to achieve effective and innovative outcomes. Through its commitment to sustainability and long-term solutions, Ramboll aims to make a meaningful impact in the markets it serves.

Established in 2020 and headquartered in Copenhagen, Denmark, NOON Ventures is a venture capital firm focusing on early-stage investments. It specializes in backing transformative technologies with significant potential to address environmental or climate challenges. Unlike traditional investors, NOON limits its investments to few companies, aiming to be a true co-developer of businesses alongside entrepreneurs.