Vaekstfonden

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.

Christian Anker-Ladefoged

Analyst, VF Venture

Eva Buciek

Venture Associate

Tonni Bülow-Nielsen

Partner

Otto Bjerg Hausgaard

Investment Manager

Rolf Kjærgaard

CEO

Jesper Lilledal

Partner

Johan Bitsch Nielsen

Investment Manager

Past deals in Fuel Cell

Blue World Technologies

Series B in 2022
Blue World Technologies is a developer and manufacturer specializing in methanol fuel cell components and systems aimed at the automotive, heavy-duty transportation, and stationary application sectors. Founded in Aalborg, Nordjylland in 2018 by Mads Friis Jensen, Mads Bang, and Anders Korsgaard, the company focuses on providing energy-efficient and sustainable alternatives to traditional combustion engines and diesel generators. By utilizing high-temperature PEM technology combined with methanol reforming, Blue World Technologies enables its clients to establish development and manufacturing operations in strategic markets, thereby optimizing supply chains and enhancing customer proximity. The company is committed to advancing methanol fuel cell technology on a global scale.

Blue World Technologies

Series A in 2021
Blue World Technologies is a developer and manufacturer specializing in methanol fuel cell components and systems aimed at the automotive, heavy-duty transportation, and stationary application sectors. Founded in Aalborg, Nordjylland in 2018 by Mads Friis Jensen, Mads Bang, and Anders Korsgaard, the company focuses on providing energy-efficient and sustainable alternatives to traditional combustion engines and diesel generators. By utilizing high-temperature PEM technology combined with methanol reforming, Blue World Technologies enables its clients to establish development and manufacturing operations in strategic markets, thereby optimizing supply chains and enhancing customer proximity. The company is committed to advancing methanol fuel cell technology on a global scale.

Blue World Technologies

Pre Seed Round in 2019
Blue World Technologies is a developer and manufacturer specializing in methanol fuel cell components and systems aimed at the automotive, heavy-duty transportation, and stationary application sectors. Founded in Aalborg, Nordjylland in 2018 by Mads Friis Jensen, Mads Bang, and Anders Korsgaard, the company focuses on providing energy-efficient and sustainable alternatives to traditional combustion engines and diesel generators. By utilizing high-temperature PEM technology combined with methanol reforming, Blue World Technologies enables its clients to establish development and manufacturing operations in strategic markets, thereby optimizing supply chains and enhancing customer proximity. The company is committed to advancing methanol fuel cell technology on a global scale.
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