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Top 15 Venture Capital Firms in Denmark (2026)

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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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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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2007
FoundersChristian Jepsen, Jimmy Nielsen
Average Check Size€6M
IndustriesTravel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
Investment StageEarly Stage, Late Stage, Seed, Pre-Seed, Series A
Nº of Investments217 (60 as Lead Investor)
Nº of Exits25 (2 IPO'd)
Top Portfolio StartupsReddit, 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.

HeadquartersHellerup, Hovedstaden, Denmark
Year Founded1999
Founders
Total Funding€12.8B
IndustriesLife Sciences, Biotech, Healthcare
Investment StageDebt, Early Stage, Late Stage, Post-Ipo, Private Equity, Secondary Market, Seed
Nº of Investments395 (144 as Lead Investor)
Nº of Exits104 (66 IPO'd)
Top Portfolio StartupsBactolife, Genomatica, Tempus
Contactcims@novo.dk / 45 35 27 65 00
2150 Logo

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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2020
FoundersChristian Hernandez, Christian Jolck, Jacob Bro, Mikkel Bulow-Lehnsby
Investment StageEarly Stage, Late Stage
Nº of Investments32 (17 as Lead Investor)
Nº of Exits2
Contacthello@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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2019
Founders
Investment StageSeed
Nº of Investments12 (6 as Lead Investor)
Nº of Exits
Contacthello@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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2017
FoundersEric Lagier, Tommy Andersen
Total Funding€100M
Average Check Size€4M
IndustriesCrypto & Blockchain, Healthcare, Food & Beverage, InsurTech, Gaming, Proptech & Real Estate, IoT, Climate & Sustainability, Fintech, Travel & Hospitality, SaaS, Legal, Marketing
Investment StageEarly Stage, Seed, Pre-Seed, Series A
Nº of Investments86 (43 as Lead Investor)
Nº of Exits8
Top Portfolio StartupsVibrant, Qvin, Smitten
PSV Logo

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.

HeadquartersLyngby, Hovedstaden, Denmark
Year Founded2000
FoundersAnders Kjær, Christel Piron, Helle Uth, Richard Breiter
Investment StageEarly Stage, Seed
Nº of Investments140 (49 as Lead Investor)
Nº of Exits29 (4 IPO'd)
Contactpitch@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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2004
FoundersUlla Brockenhuus-Schack
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments224 (52 as Lead Investor)
Nº of Exits36 (8 IPO'd)
Contactinfo@seedcapital.dk
KOMPAS VC Logo

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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2021
FoundersAndreas Winter-Extra, Sebastian Peck, Talia Rafaeli
Investment StageConvertible Note, Early Stage, Seed
Nº of Investments32 (12 as Lead Investor)
Nº of Exits2
Contactcontact@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.

HeadquartersHellerup, Hovedstaden, Denmark
Year Founded1992
Founders
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments256 (63 as Lead Investor)
Nº of Exits39 (8 IPO'd)
Contactvf@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.

HeadquartersCopenhagen, Hovedstaden, Denmark
Year Founded2021
FoundersDoerte Hirschberg, Malin Carlstrom, Morten Halborg, Stefan Mård, Yoann Berno
Investment StageEarly Stage, Seed
Nº of Investments18 (10 as Lead Investor)
Nº of Exits
Contacthello@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.

VC FirmYear FoundedNº InvestmentsNº Exits
Nordic Alpha Partners logo Nordic Alpha Partners2017173
Blazar Capital logo Blazar Capital201712
Final Frontier (Space & Defence VC) logo Final Frontier (Space & Defence VC)20242
Venture Capital Investment Competition logo Venture Capital Investment Competition2010
Delphinus Venture Capital logo Delphinus Venture Capital2025

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