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.
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Buy It For $97 $297 →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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2007 |
| Founders | Christian Jepsen, Jimmy Nielsen |
| Average Check Size | €6M |
| Industries | Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy |
| Investment Stage | Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 217 (60 as Lead Investor) |
| Nº of Exits | 25 (2 IPO'd) |
| Top Portfolio Startups | Reddit, Insight, Werlabs |
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.
| Headquarters | Hellerup, Hovedstaden, Denmark |
| Year Founded | 1999 |
| Founders | — |
| Total Funding | €12.8B |
| Industries | Life Sciences, Biotech, Healthcare |
| Investment Stage | Debt, Early Stage, Late Stage, Post-Ipo, Private Equity, Secondary Market, Seed |
| Nº of Investments | 395 (144 as Lead Investor) |
| Nº of Exits | 104 (66 IPO'd) |
| Top Portfolio Startups | Bactolife, Genomatica, Tempus |
| Contact | cims@novo.dk / 45 35 27 65 00 |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2020 |
| Founders | Christian Hernandez, Christian Jolck, Jacob Bro, Mikkel Bulow-Lehnsby |
| Investment Stage | Early Stage, Late Stage |
| Nº of Investments | 32 (17 as Lead Investor) |
| Nº of Exits | 2 |
| Contact | hello@2150.vc |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2019 |
| Founders | — |
| Investment Stage | Seed |
| Nº of Investments | 12 (6 as Lead Investor) |
| Nº of Exits | — |
| Contact | hello@unconventional.vc |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2017 |
| Founders | Eric Lagier, Tommy Andersen |
| Total Funding | €100M |
| Average Check Size | €4M |
| Industries | Crypto & Blockchain, Healthcare, Food & Beverage, InsurTech, Gaming, Proptech & Real Estate, IoT, Climate & Sustainability, Fintech, Travel & Hospitality, SaaS, Legal, Marketing |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 86 (43 as Lead Investor) |
| Nº of Exits | 8 |
| Top Portfolio Startups | Vibrant, Qvin, Smitten |
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.
| Headquarters | Lyngby, Hovedstaden, Denmark |
| Year Founded | 2000 |
| Founders | Anders Kjær, Christel Piron, Helle Uth, Richard Breiter |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 140 (49 as Lead Investor) |
| Nº of Exits | 29 (4 IPO'd) |
| Contact | pitch@preseedventures.dk / +45 77 34 07 55 |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2004 |
| Founders | Ulla Brockenhuus-Schack |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 224 (52 as Lead Investor) |
| Nº of Exits | 36 (8 IPO'd) |
| Contact | info@seedcapital.dk |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2021 |
| Founders | Andreas Winter-Extra, Sebastian Peck, Talia Rafaeli |
| Investment Stage | Convertible Note, Early Stage, Seed |
| Nº of Investments | 32 (12 as Lead Investor) |
| Nº of Exits | 2 |
| Contact | contact@kompas.vc |
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.
| Headquarters | Hellerup, Hovedstaden, Denmark |
| Year Founded | 1992 |
| Founders | — |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 256 (63 as Lead Investor) |
| Nº of Exits | 39 (8 IPO'd) |
| Contact | vf@vf.dk |
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.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2021 |
| Founders | Doerte Hirschberg, Malin Carlstrom, Morten Halborg, Stefan Mård, Yoann Berno |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 18 (10 as Lead Investor) |
| Nº of Exits | — |
| Contact | hello@climentum.com |
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.