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.

SEED Capital is a Copenhagen-based Danish venture capital firm that backs early-stage technology companies in Denmark and the Nordic region. Over more than a decade, it has built a portfolio of software, IT, TMT, healthcare and consumer technology firms, supporting founders with strategic guidance, fundraising and scaling in addition to capital. The firm typically invests in the early to late seed range, with ticket sizes in the multi-million Danish krone range, and manages multiple funds focusing on Denmark and Nordic markets (including Denmark II, III and IV). Notable portfolio companies include Trustpilot, Vivino, Lunar, Templafy, Dixa and Forecast.

Novo Nordisk is a global healthcare company focused on discovering, developing, and delivering medicines for serious chronic diseases, with a core emphasis on diabetes care. The organization produces and distributes insulin and other therapies aimed at treating diabetes and related conditions, while investing heavily in scientific research and biopharmaceutical innovation. Through partnerships and sustained commitments to accessibility, Novo Nordisk seeks to improve patient outcomes and support health systems worldwide. The company operates across many markets, supported by its production of insulin pens and a broad portfolio addressing obesity, rare blood and endocrine disorders, and other chronic diseases. It pursues long-term social responsibility and sustainability as integral to its business model.

PSV is a Danish venture capital firm, headquartered in Kongens Lyngby, that backs Nordic founders building life sciences, information technology, advanced manufacturing, and clean technology companies. It operates a hybrid structure that combines hands-on support and traditional investment, enabling founders to pursue opportunities before achieving product/market fit. Focusing on Denmark and Sweden, PSV helps early-stage software and technology ventures develop scalable models and bring innovative solutions to market.

Heartcore Capital is a European venture capital firm, headquartered in Copenhagen with additional offices in Berlin and Paris. Founded in 2007 as Sunstone Capital and rebranded to Heartcore, the firm manages multiple funds that invest from seed to growth stages across Europe. It backs audacious founders and category-defining consumer internet brands, as well as software, health, travel, finance, and related sectors, with a multi-product approach that includes early-stage, growth, and specialized vehicles such as web3. Its portfolio spans dozens of teams across many countries, including notable investments in Tink, Neo4j, Boozt, Seriously, and TravelPerk.

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.

Syddansk Innovation is an Odense, Denmark-based organization that supports technology startups through incubation and related investment activities. The organization focuses on information and communication technology, big data, industry, cleantech, life science, and welfare technology, providing coaching, facilities, and access to funding to early-stage ventures. Founded in 1998, it acts as a platform for entrepreneurship in southern Denmark, helping startups commercialize innovations and scale their businesses.

The Aventures is a Copenhagen-based venture capital firm founded in 2021 that targets deep-tech startups at pre-seed and seed stages. The team comes from strong technical backgrounds in cloud infrastructure, data science, physics, machine learning, software development and business development. The firm acts as an active partner, leveraging its technical expertise to support founders and help bridge the knowledge gap between deep-tech ventures and traditional investors.

Underground Ventures is a Copenhagen-based venture capital firm founded in 2024 that provides venture capital to early-stage geothermal energy technology companies.

Lundbeckfonden is a non-profit foundation based in Copenhagen, Denmark, established in 1954. Its main objective is to maintain and expand the activities of the Lundbeck Group 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 operates under the supervision of the Danish Civil Affairs Agency.

North-East Venture is the corporate venture capital arm of the North-East family office, based in Copenhagen, Denmark. Founded in 2013, it operates as a multi-stage investor focused on fintech, e-commerce and online marketplaces, consumer lifestyle and sustainability, and advanced technologies such as artificial intelligence, virtual reality, and augmented reality.

Founded in 2020, the European Innovation Council is a Brussels-based venture capital initiative that supports top innovators, entrepreneurs, small companies, and researchers with bright ideas. It co-invests with private investors in early-stage startups, prioritizes deep technology ventures, and pursues ESG-positive impacts to accelerate commercialization and scale-up.

Capnova is an investment and development company in Denmark that provides capital, business experience and a strong network to help turn innovative ideas into successful businesses. It serves across Denmark with offices in Aarhus, Roskilde, Copenhagen, Viborg and Kalundborg. Established in 1998 as a venture investor, Capnova has invested in digital technologies, games, food tech, life science, industrial technologies and cleantech, supporting startups through early growth and scale, combining funding with hands-on support and network access.

People Ventures is a Copenhagen-based venture capital firm established in 2016 that invests in early-stage technology companies across digital health, enterprise software, and SaaS, with an industry-agnostic approach and a hands-on ethos supported by a team of co-founders, investors, executives, engineers, academics and industry experts to help shape and grow businesses.

Nordic Alpha Partners is a venture capital firm based in Hellerup, Denmark, focused on accelerating the growth of industrial greentech and green re‑industrialization across Europe. The firm targets technologies and business models that enable industrial, green or digital transformation, and supports ambitious management teams with a proactive, hands‑on approach. Its value creation framework combines capital with operational expertise, providing access to industry leaders and specialists to accelerate growth and scale internationally. Nordic Alpha Partners emphasizes sustainability alongside financial returns, aiming to reduce environmental impact through investments in energy transition, circular economy, and related manufacturing innovations. The firm acts as a collaborative partner, leveraging its experience across startups and scale‑ups to help portfolio companies navigate transformation and scale their global potential.

Investo Capital is a Danish venture capital firm founded in 2018 and based in Aalborg. It concentrates on technology-driven ventures at early and growth stages, with emphasis on IT, software-as-a-service, and med-tech. The firm targets Danish companies with proven business models, clear strategic potential, and strong growth prospects, supported by competent management.

Upfin is a specialized early-stage fintech investor. The firm is connected to Upfin Management, a Copenhagen, Denmark-based venture capital firm founded in 2022 that makes early-stage investments in finance technology companies.

Planetary Impact Ventures is an impact investing firm based in Humlebæk, Denmark, founded in 2020. It functions as an evergreen investor that creates and funds sustainable businesses in agriculture, food, and biodiversity, seeking patient capital and fair financial returns. The firm aims to reconnect people with nature, redefine value, and contribute to a holistic restructuring of economic systems.

Morph Capital is a venture capital firm founded in 2018 and based in Copenhagen, Denmark, that supports early-stage founders by providing hands-on help with infrastructure, growth planning, strategy, hiring, legal work, and fundraising. It focuses on finance, legal/regulatory, SaaS, and blockchain, and invests across financial technology, health technology, legal technology, blockchain, advanced manufacturing, infrastructure, e-commerce, ride-sharing, and virtual reality.

Den Sociale Kapitalfond is a private equity and venture capital firm based in Copenhagen, Denmark. It specializes in social investment, supporting Danish social entrepreneurs and enterprises that aim to improve social outcomes while delivering economic performance. The firm focuses on small and medium-sized companies and also invests in social impact bonds, providing capital and strategic guidance to scale social impact. It runs an accelerator program and maintains an international network of organisations and experts working with social ventures, impact measurement, and social venture capital. The organization seeks to foster growth within Denmark and has an office in Aarhus in addition to its Copenhagen base.

NorthCap Partners is a Denmark-based private equity and venture capital firm that backs technology companies in Northern Europe from seed to growth. Focus areas include information and communication technology, cloud computing, SaaS, communications, mobile and mobility, online services, and e-commerce. The firm targets B2B and B2B2C startups with international growth potential, often from Denmark and the Nordic region. Beyond capital, NorthCap Partners provides strategic support across development stages, including internationalization, go-to-market and sales processes, talent recruitment, and organizational development. The firm seeks to help portfolio companies scale and expand into international markets, leveraging a network across Northern Europe to accelerate growth. Since its inception, it has supported a range of ICT companies, helping them navigate early-stage to growth transitions while aiming for regional leadership in technology-enabled services.

Kost is a Copenhagen, Denmark–based venture capital firm founded in 2013 that invests in the food and bioeconomy sector, with a focus on technologies and hardware.

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.

KRING is a Copenhagen-based startup studio that co-creates and launches companies, with a focus on sustainable development goals. The organization partners with entrepreneurs and corporates to develop solutions that address real end-user needs in health and well-being, affordable and clean energy, and related SDG areas, leveraging its venture-building expertise and in-house impact funds. It supports early-stage ventures, primarily in pre-seed stages, and seeks startups with strong alignment to KRING's portfolio, aiming for rapid, value-driven execution. Located in Denmark, KRING operates as a venture studio and impact investor, offering co-founder-like collaboration and strategic partnerships to build scalable businesses around meaningful social and environmental impact.

West Hill Capital is a London-based investment firm focusing on private equity and venture investments in the United Kingdom. It backs business-to-business technology companies across sectors including information technology, healthcare, financial services, energy and technology, spanning early-stage through growth rounds. The firm provides strategic counsel, capital-raising assistance and liquidity planning, guiding portfolio companies from Seed or Series A through to exits via IPO or M&A. It also connects portfolio opportunities to a network of family offices, private investors and wealth managers, enabling direct investment access.

Ugly Duckling Ventures is a venture capital firm headquartered in Copenhagen, Denmark, that supports Nordic startups at seed and pre-seed stages by providing capital, know-how, and real-world application. It targets technology-driven companies across B2B, hardware, and software as a service, including sectors such as Medtech, Resilience Tech, and Business Services, and offers strategic guidance to help translate ideas into commercial products.

Dreamcraft Ventures is a Copenhagen-based venture capital firm founded in 2019 that invests in European tech-driven companies from pre-seed to Series A. The firm focuses on B2B, SaaS, and fintech sectors across the Nordics and Europe. Dreamcraft positions itself as venture engineers who support founders through engagements that go beyond traditional advice, aiming to accelerate growth by combining strategic guidance with hands-on collaboration.

Founded by Danish entrepreneur Magnus Kjøller, Kjøller is a holding company focused on investing in startups and scale-ups. With over 30 active investments employing over 700 people collectively, the company provides strategic advice alongside capital to its portfolio companies.

Antler is a global venture capital firm founded in 2017 and based in Singapore that invests in technology companies and incubates startups across diverse sectors. It supports founders from day one with a worldwide community of co-founders, access to talent, expert advisors, and expansion support, complemented by capital to help launch and scale ventures. Through regional funds and programs, Antler backs early-stage ventures across geographies, facilitating collaboration among founders and providing resources to help teams recruit, validate ideas, and enter markets.

Unconventional Ventures is a Nordic early-stage venture capital firm based in Copenhagen, Denmark. It focuses on pre-seed and seed investments in scalable technology startups, primarily in the Nordic and European regions, and prioritizes founders from underrepresented groups, including women, LGBTQ individuals, people of color, and immigrants.

The Footprint Firm is an advisory and investment company focused on sustainability and impact. Founded in 2019 and based in Copenhagen, Denmark, it operates across the Nordic region, pursuing opportunities to translate sustainability ambitions into strategic advantages for established companies and to back startups developing scalable, sustainable solutions. The firm works across multiple sectors, including food, construction, materials, and technology, with an industry-agnostic stance aimed at supporting the transition economy. It emphasizes collaboration, transparency, and value creation through responsible growth and climate-related goals.

2xN is a London-based venture capital firm founded in 2021 that invests in early-stage technology companies. It focuses on deeptech, including quantum, as well as mobility, edtech, and marketplaces, supporting startups at the initial growth stage that aim to scale innovations in technology sectors.

Nordic Eye Venture Capital is a Danish venture capital firm based in Copenhagen with additional offices in Zurich, London and San Francisco. It invests in carefully selected Nordic early-growth technology and lifestyle companies with potential to scale globally, aiming to add value and position portfolio firms for exits within roughly five years.

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.

The Nordic Web is a Copenhagen-based organization founded in 2014 that takes an in-depth look at the Nordic technology scene and provides data-driven insights and analyses on the Nordic startup ecosystem.

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.

Promentum backs ambitious technology entrepreneurs and supports growth-stage software startups. It seeks ventures with strong value propositions, substantial market potential, and passionate leadership, aiming to create real and lasting impact in the technology space.

Maersk is a global integrator of logistics and container shipping, offering a comprehensive suite of transportation, warehousing, and supply chain management solutions. Its services span ocean, air, ground, and inland transport, as well as customs clearance and digital tools, enabling end-to-end logistics that streamline cross-border operations. With a global network, extensive terminal networks, and a large workforce, Maersk serves customers across industries, prioritizing reliability, efficiency, and sustainable practices. The company aims to achieve net-zero emissions by 2040 and focuses on digitising and decarbonising supply chains through digital platforms and partnerships.

Climentum Capital is a Copenhagen-based venture capital firm that backs European seed and Series A climate technology companies. It concentrates on supporting ventures in sustainable, low-carbon and circular industries through early-stage investments.

Accel is a Palo Alto-based venture capital firm founded in 1983 that backs early and growth-stage technology companies across software, enterprise, consumer internet, fintech, security, and related sectors. It builds a global community of entrepreneurs, providing not only capital but operational resources, mentorship, and access to a broad network of peers to help with product development, talent recruitment, and market expansion. Its portfolio includes category-defining companies such as Atlassian, Dropbox, Slack, Spotify, and others, reflecting a track record of supporting rapid growth and transformation across multiple geographies.

European Investment Fund is the EU's financing arm for small and medium-sized enterprises and mid-caps, providing financial instruments to improve access to affordable financing for businesses across their lifecycle, with a focus on innovation, growth, competitiveness, social impact and sustainability. The EIF leverages its capital base to foster public-private partnerships and allocates guarantees and equity funding to catalyze lending and investment for startups and small businesses throughout Europe, including EU member states, candidate countries and EFTA countries. It collaborates with partners to close funding gaps and support entrepreneurship and economic resilience.

SOSV is a global venture capital firm founded in 1995 and headquartered in New Jersey. The firm focuses on seed-to-growth investments in deep tech sectors, including biotech and life sciences, hardware and robotics, and cross-border software with emphasis on markets in Asia. It supports startups from early stages with investment capital as well as resources such as laboratories, collaborative spaces, and expert mentorship to accelerate product development and market traction. SOSV operates purpose-built programs to help portfolio companies raise follow-on funding, scale operations, and reach customers, often through structured matchmaking and access to a global network of investors. With a broad portfolio spanning hundreds of companies worldwide, SOSV aims to foster innovation, build vibrant entrepreneurial ecosystems, and contribute to sustainable technological advancement.

byFounders is a venture capital firm founded in 2017 and headquartered in Copenhagen, with an additional office in San Francisco. It concentrates on early‑stage technology companies in the Nordics and Baltics, investing in pre‑seed, seed and select Series A rounds and pursuing follow‑on investments in its portfolio. The firm targets information technology and artificial intelligence startups and supports founders through a network of experienced entrepreneurs. Its geographic focus combines Northern Europe with Silicon Valley connections to help startups scale globally, while maintaining a founder‑friendly, long‑term investment approach.

Copenhagen Infrastructure Partners is a multinational fund management company that specializes in investments in energy, renewables, and water infrastructure across Europe, Asia, and North America. Founded in 2012 and headquartered in Copenhagen, Denmark, CIP manages teams with extensive experience in regulated infrastructure, renewable energy, corporate finance, mergers and acquisitions, engineering, project development, construction, and operations. The firm pursues long-term investments in infrastructure assets such as wind, solar, transmission, hydro storage, and related infrastructure to support the energy transition.

Headline is a global venture capital firm with a footprint in seven cities worldwide, investing across geographies and leading rounds at multiple stages. Its Early Stage Funds are based in the US, Europe, Asia, and Brazil to support local deal flow, while a San Francisco–based Growth Fund leads Series B and later rounds from a global perspective. The firm operates Headline Asia, the Tokyo-based Asia arm formerly Infinity Ventures, which backs companies across East, South, and Southeast Asia in sectors including business software, fintech, healthcare, artificial intelligence, e-commerce, and cloud technologies. Its portfolio includes notable names such as Sonos, The RealReal, Farfetch, Bumble, Acorns, and Sorare. Headline Asia IV, a 2020 vintage fund based in Tokyo, pursues minority investments across East, South, and Southeast Asia.

Blue Horizon Corporation is a Zurich-based venture capital firm founded in 2016 that finances companies across Europe in agriculture, food processing, plant-based foods, beverages, media, B2B and B2C sectors. It seeks to accelerate the transition to a sustainable food system by backing mission-aligned founders and investing across the full company lifecycle, from early-stage startups to mature businesses. The firm pursues a double-positive approach, aiming for strong financial returns while delivering measurable environmental and societal impact. It engages in strategic roll-ups to build platforms and often collaborates with farmers, food producers, and distribution networks to scale innovations at scale, with a focus on the intersection of biology, technology, and agriculture and a view toward feeding 10 billion people sustainably by 2050.

Creandum is a Stockholm-based European early-stage venture capital firm that invests in innovative technology and consumer goods companies across Western Europe and North America. Founded in 2003, the firm provides capital, operational expertise, and a broad industry network to help portfolio companies grow from seed to exit. Its advisory teams operate from offices in Stockholm, London, Berlin, and San Francisco and have supported notable tech companies such as Spotify, Klarna, Depop, Trade Republic, Pleo, and neo4j.

Prehype is a venture development firm founded in 2010 and headquartered in New York, with offices in London, Copenhagen, Sydney and Detroit. It partners with corporations and venture capital firms to build new businesses by running workshops that identify problems or missed opportunities and translating them into startup and early-stage ventures. Working with leading brands such as Diageo, News Corp, Mondelez, LEGO and Verizon, Prehype helps companies pursue external growth through entrepreneurial approaches. Notable ventures created through its engagements include Bark & Co (BarkBox), basno.com and Managed By Q.

Wellington Partners is a Munich-based venture capital firm with offices in London and Zurich. Founded in 1998, it backs technology and life sciences companies at early and growth stages across Europe, with a focus on digital health, software, electronics and photonics, resource efficiency, and biotech/life sciences. The firm typically leads rounds ranging from €0.5 million to €20 million and can commit up to €15 million for maturing companies. It pursues a pan-European strategy, supporting entrepreneurs with resources and strategic guidance to advance their ventures.

Concentric is a European venture capital firm founded in 2013 that invests in software-driven technology businesses solving real problems across sectors such as financial services, mobility, real estate, industrials and logistics. With offices in London and Copenhagen, it pursues an activist venture approach, adding value through its experience and network in the European tech community. The firm targets early-stage and growth opportunities and typically commits between €0.5 million and €5 million per portfolio company, focusing on European technology companies.