Top 15 Venture Capital Firms in Denmark (2026)

Denmark's startup scene offers plenty of opportunity for founders with ambitious ideas. Firms like Novo Holdings have made nearly 400 investments, while the state-backed Vaekstfonden has funded over 250 ventures.

Beyond these larger players, funds like Heartcore Capital and Seed Capital have each backed over 200 companies, proving a healthy appetite for new ideas. Finding the right partner for your startup is the next step.

Below is our list of the best 15 VC firms in Denmark.

Failory's Top 10 Picks

1. Heartcore Capital

Focusing exclusively on consumer technology, Heartcore Capital partners with early-stage founders across Europe to build category-defining companies. Their backing has helped launch some of Europe’s most recognized brands, such as Tink, Neo4j, and TravelPerk.

2. Novo Holdings

As the investment arm for the Novo Nordisk Foundation, Novo Holdings directs capital into life science, biotech, and healthcare companies. They support businesses at every stage of development, from seed and venture rounds to private equity, to grow the foundation's long-term wealth.

3. 2150

2150 backs technology companies aiming to build the sustainable cities of the future. They support ventures from early to late stages, providing the capital needed to tackle major urban environmental challenges.

4. Unconventional Ventures

Unconventional Ventures provides early-stage funding to scalable impact tech startups targeting global markets. The firm focuses on companies founded by underrepresented groups, including women, LGBTQ, and people of color, believing this is one of the biggest market opportunities available today.

5. byFounders

byFounders invests in ambitious tech startups across the Nordics and Baltics. They are built on a collective of the region's most successful entrepreneurs who provide capital and mentorship to the next generation of founders.

6. PSV

PSV backs early-stage and seed founders who are building companies for a more conscious future. Through a hybrid setup of a foundry, a lab, and two distinct venture funds, they move beyond typical investment models to maximize their impact.

7. Seed Capital

Seed Capital backs Danish tech businesses with global ambitions, concentrating on late-seed stage funding. Their portfolio includes well-known companies like Trustpilot and Vivino, which they support with investments typically between 2 and 4 million EUR.

8. KOMPAS VC

KOMPAS VC backs early-stage founders using technology to decarbonize the building and manufacturing industries. The firm supports companies creating sustainable materials, eliminating waste, and automating industrial processes to build a more efficient and circular economy.

9. Vaekstfonden

As the Danish state's official investment fund, Vaekstfonden works to improve access to risk capital for the country's businesses, helping them innovate and create new jobs. They collaborate with banks and private investors to finance companies in all sectors, supporting them from the seed stage through to a public offering.

10. Climentum Capital

Climentum Capital invests in European hardtech and software startups at the Seed+ and Series A stages. The firm backs climate tech companies with the goal of building more sustainable, low-carbon, and circular industries.

5 Additional Denmark VC Firms Worth Pitching

Beyond our main list, plenty of other investors are funding Danish startups. Together, they have backed over 30 companies and seen several through to an exit.

Here’s a look at the other venture capital firms helping to build what's next in Denmark.

VC Firm	Year Founded	Nº Investments	Nº Exits
Nordic Alpha Partners	2017	17	3
Blazar Capital	2017	12	—
Final Frontier (Space & Defence VC)	2024	2	—
Venture Capital Investment Competition	2010	—	—
Delphinus Venture Capital	2025	—	—