Top 15 Venture Capital Firms in Copenhagen in 2023

The venture capital ecosystem in Copenhagen has undergone major growth over the last decade.

In this article, you will find some of the top venture capital firms in Copenhagen investing across various sectors and industries.

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15 Venture Capital Firms in Copenhagen

1) Verdane

Verdane is a late-stage capital providing growth capital to tech and sustainability companies in Europe.

Details of the VC firm:

• Country: Germany, Finland, Norway, United Kingdom, Denmark, Sweden
• City: Berlin, Copenhagen, London, Stockholm, Helsinki, Asker
• Started in: 2003
• Founders: Bjarne Kveim Lie
• Industries: Consumer, E-Commerce, Marketplace, Climate & Sustainability, Enterprise, SaaS
• Stages: Late Stage
• Minimum check size: €8,000,000
• Maximum check size: €150,000,000
• Number of investments: 395
• Number of exits: 165
• Funds raised: €3,700,000,000
• 3 remarkable investments: Boozt, CAIA Cosmetics, CRF Health

You can find their website here.

You can send them an email at office@verdane.com.

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2) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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3) Rockstart

Rockstart focuses on pre-seed to series B investment opportunities in energy, agrifood and emerging tech domains.

Details of the VC firm:

• Country: Netherlands, Colombia, Denmark
• City: Amsterdam, Copenhagen, Bogotá
• Started in: 2011
• Founders: Oscar Kneppers, Koen Wagemakers, Rune Theill, Don Ritzen
• Industries: Agriculture, Energy, Industrial, Big Data & Analytics, Healthcare, AI & ML, Crypto & Blockchain, IoT, Smart Cities
• Stages: Early Stage, Seed, Series A, Series B, Pre-Seed
• Minimum check size: €100,000
• Maximum check size: €250,000
• Number of investments: 270
• Number of exits: 8
• Funds raised: €140,000,000
• 3 remarkable investments: Wercker, Hubs, iClinic

You can find their website here.

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4) Heartcore Capital

Heartcore is a consumer technology VC investing in European B2C and B2B2C companies.

Details of the VC firm:

• Country: Denmark, Germany, France, USA, Austria, Sweden, Spain, Hungary, Poland, United Arab Emirates
• City: Copenhagen, Berlin, Paris, Lisbon, Stockholm
• Started in: 2007
• Founders: Jimmy Fussing Nielsen, Christian Lindegaard Jepsen,
• Industries: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
• Stages: Early Stage, Seed, Pre-Seed, Series A
• Minimum check size: €300,000
• Maximum check size: €6,000,000
• Number of investments: 210
• Number of exits: 51
• 3 remarkable investments: Reddit, Insight, Werlabs

You can find their website here.

You can send them an email at contact@heartcore.com.

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5) Novo Holdings

Headquartered in Denmark, Novo Holdings is a corporate investment fund investing in life science companies across the globe.

Details of the VC firm:

• Country: Denmark, USA, Singapore
• City: Copenhagen, San Francisco, Boston, Singapore
• Started in: 1999
• Founders: Kasim Kutay, Lars Rebien Sørensen
• Industries: Life Sciences, Biotech, Healthcare
• Stages: Early Stage, Late Stage
• Number of investments: 117
• Number of exits: 55
• Funds raised: €12,800,000,000
• 3 remarkable investments: Bactolife, Genomatica, Tempus

You can find their website here.

You can send them an email at cims@novo.dk.

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6) Sunstone Life Science Venture

Located in Denmark, Sunstone Life Science Ventures is a European VC firm investing in novel therapeutics for humans.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2007
• Founders: Søren Lemonius
• Industries: Life Sciences
• Stages: Series B, Series A
• Number of investments: 76
• Number of exits: 42
• Funds raised: €300,000,000
• 3 remarkable investments: TargED, F2G, STipe Therapeutic

You can find their website here.

You can send them an email at lifescience@sunstone.eu.

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7) Byfounders

Based in Denmark, byFounders is a community-focused early-stage venture capital investing in Nordic entrepreneurs.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2017
• Founders: Tommy Andersen, Eric Lagier
• Industries: Crypto & Blockchain, Healthcare, Food & Beverage, InsurTech, Gaming, Proptech & Real Estate, IoT, Climate & Sustainability, Fintech, Travel & Hospitality, SaaS, Legal, Marketing
• Stages: Early Stage, Seed, Pre-Seed, Series A
• Minimum check size: €500,000
• Maximum check size: €4,000,000
• Number of investments: 40
• Number of exits: 3
• Funds raised: €100,000,000
• 3 remarkable investments: Vibrant, Qvin, Smitten

You can find their website here.

You can send them an email at hello@byfounders.vc.

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8) Lehrmann Ventures

Lehrmann Ventures is a venture fund located in Denmark financing Nordic startups.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2019
• Founders: Jan Dal Lehrmann
• Industries: E-Commerce, SaaS, Marketplace, Other
• Stages: Early Stage, Seed
• Minimum check size: $100,000
• Maximum check size: $5,000,000
• Number of investments: 35
• Number of exits: 12
• 3 remarkable investments: Mybanker, Actimo, Fenerum

You can find their website here.

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9) Blazar Capital

Based in Denmark, Blazar Capital focuses on building and scaling DTC consumer brands.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2017
• Founders: Pascar Sivam, Vasilij Brandt, Christian Arnstedt
• Industries: Consumer, E-Commerce, Food & Beverage, DTC
• Stages: Series A
• Number of investments: 30
• Number of exits: 5
• Funds raised: $29,600,000
• 3 remarkable investments: Nordgreen, Bareen, James Ay

You can find their website here.

You can send them an email at hello@blazarcapital.com.

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10) Concentric

Concentric is a European venture capital firm actively investing in disruptive technology.

Details of the VC firm:

• Country: Denmark, United Kingdom
• City: Copenhagen, London
• Started in: 2013
• Founders: Denis Shafranik, Kjartan Rist
• Industries: Proptech & Real Estate, Crypto & Blockchain, Industrial, Transportation, Enterprise, Fintech
• Stages: Early Stage
• Minimum check size: €500,000
• Maximum check size: €5,000,000
• Number of investments: 28
• Number of exits: 3
• Funds raised: €14,500,000
• 3 remarkable investments: Heist, Pockit, Coindirect

You can find their website here.

You can send them an email at info@concentric.vc.

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11) Damgaard Company

Damgaard Company is a Danish investment firm investing in small and medium-sized SaaS companies.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2003
• Founders: Preben Damgaard
• Industries: SaaS, Enterprise, Marketplace, AI & ML, Cloud
• Stages: Early Stage, Seed
• Number of investments: 19
• Number of exits: 10
• 3 remarkable investments: Templafy, Dixa, Paperflow

You can find their website here.

You can send them an email at info@damgaard.com.

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12) People Ventures

People Ventures is a sector-agnostic VC firm investing in early-stage startups since 2018.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2017
• Founders: Christian Tost, Claus Zibrandtsen, Jan Ankjaer Jensen
• Industries: SaaS, Healthcare, Enterprise
• Stages: Early Stage, Seed, Pre-Seed
• Minimum check size: €250,000
• Maximum check size: €750,000
• Number of investments: 19
• 3 remarkable investments: Spiio, Inc., Next11, Passendo

You can find their website here.

You can send them an email at hello@peopleventures.vc.

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13) Saltagen Ventures​

Saltagen Ventures specializes in funding early-stage biotech startups in North America and Asia.

Details of the VC firm:

• Country: Hong Kong, Canada, South Korea, USA, Denmark, Australia
• City: Seoul, Toronto, San Diego, Hong Kong, Copenhagen, Vancouver, Melbourne
• Started in: 2017
• Founders: Joseph Fung
• Industries: Biotech, Healthcare, Health & Wellness
• Stages: Seed, Early Stage, Series A, Series B
• Minimum check size: $120,000
• Maximum check size: $5,000,000
• Number of investments: 17
• Funds raised: $41,000,000
• 3 remarkable investments: Oncoustics AI, Helpwear Inc, Juno Diagnostics

You can find their website here.

You can send them an email at info@saltagen.com.

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14) Lundbeckfondon

Based in Denmark, Lundbeckfondon only invests in life sciences and healthcare companies.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 1954
• Founders: Grete Lundbeck
• Industries: Life Sciences
• Stages: Early Stage
• Maximum check size: DKK1,300,000
• Number of investments: 4
• Funds raised: DKK75,000,000
• 3 remarkable investments: Nb Capital, EQT, Nordic

You can find their website here.

You can send them an email at application@lundbeckfonden.com.

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15) Willmach

Willmach focuses on the pre-seed to series A funding to startups across Europe and Asia with preferences for enterprise IT & SaaS, consumer internet, e-commerce, and health tech sectors.

Details of the VC firm:

• Country: Denmark
• City: Copenhagen
• Started in: 2018
• Founders: Denis Fedoryaev
• Industries: E-Commerce, Consumer, SaaS, Enterprise, Healthcare
• Stages: Early Stage, Pre-Seed, Seed, Series A
• Maximum check size: €500,000

You can find their website here.

You can send them an email at connect@willmach.com.

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