30 Best Active Investors in Denmark in 2024

Over the past decade, Europe has become the second largest technology ecosystem in the world, creating startups solving problems worth solving in society. Behind many of these companies are investors who provide not just funds but also guidance and support.


Our 2024 list brings together the most notable investors from across the continent, with everyone listed having a track record of making strategic investments in generation-defining companies. These rankings are the result of tracking investment activity across 17,000+ companies and +2,500 venture capital investors Europe, and includes funds who have invested in at least 5 European companies in the past year, regardless of where they are HQ'd.


Whether you're a budding entrepreneur seeking the right funding partner, an investor looking for co-investment opportunities, or simply curious about the financial powerhouses investing in Europe, this list provides invaluable insights into the region.


Last update to the database: Nov 26, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 30 top Denmark VCs

Heartcore is a venture capital fund based in Copenhagen. They invest in startups at stages ranging from pre-seed to series F, with check sizes between $300,000 and $6 million. Heartcore focuses on industries including tech, health, real estate, finance, and entertainment. Their portfolio includes FlexAI, Zefir, Travel Perk, Podimo, and Taster. They aim to support founders in creating impactful consumer-focused brands, helping driven entrepreneurs turn their ideas into successful businesses.

48

Offices:

Copenhagen (HQ)

Paris

Berlin

Stockholm

Lisbon

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Unknown

Check Size:

$100k - $500M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Denmark:

TravelPerk (
70)
, GetYourGuide (
60)
, Zolar (
60)

Novo A/S is a Copenhagen-based company founded in 1999.

35

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Denmark:

No data available

Novo A/S is a Copenhagen-based company founded in 1999.

35

Offices:

Copenhagen (HQ)

Copenhagen (HQ)

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Agritech

Top investments in Denmark:

Myricx Bio (
75)
, F2G (
63)
, CIRCTEC (
60)

Identity Ventures is a venture capital fund based in Copenhagen. They help early-stage companies grow by providing seed funding, starting from zero. Their primary focus is on sectors like eCommerce and artificial intelligence. Notably, they have supported FrontNow.

35

Offices:

Copenhagen

Investment Stage:

Seed

Check Size:

$5M - $10M

Industries:

AI, Ecommerce

Top investments in Denmark:

FrontNow (
56)

Giant Ventures is a multi-stage fund that supports purpose-driven founders who are dedicated to creating a more sustainable, equitable, and resilient planet

34

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Denmark:

No data available

Giant Ventures is a multi-stage fund that supports purpose-driven founders who are dedicated to creating a more sustainable, equitable, and resilient planet

34

Offices:

Copenhagen

London (HQ)

Los Angeles

Copenhagen

London (HQ)

Los Angeles

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $100M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Denmark:

Doccla (
56)
, Syre (
56)
, Agreena (
48)

IDC Ventures is a venture capital fund based in Copenhagen. They invest in technology and internet-enabled companies, particularly in fintech, personal finance, data analytics, and artificial intelligence. Their portfolio includes firms like Curve, EVRYTHNG, Rive, and Lunar. IDC Ventures invests at various stages to help these companies grow.

30

Offices:

Copenhagen (HQ)

Madrid

Miami

Investment Stage:

Series B, Series C, Series D, Unknown

Check Size:

$10M - $100M

Industries:

FinTech, AI, Proptech & Real Estate

Top investments in Denmark:

Curve (
60)
, Lunar (
44)
, EVRYTHNG (
37)

Futuristic.vc is a venture capital fund based in Copenhagen, focusing on early-stage startups with an emphasis on data and analytics. With a "founders-first" approach, they partner with ambitious Nordic entrepreneurs and provide pre-seed investments. Notable investments include UltiHash.

28

Offices:

Copenhagen (HQ)

Investment Stage:

Pre Seed

Check Size:

$2.5M - $5M

Industries:

Data and Analytics

Top investments in Denmark:

UltiHash (
37)

Concentric is a venture capital fund based in London that invests in early-stage companies with checks ranging from $500,000 to $1,500,000. They focus on software and technology businesses in finance, logistics, industrial sectors, and services. Their portfolio includes firms like BVNK, Superscript, ThingTrax, Insly, and Pockit. Concentric targets emerging tech sectors such as AI, cybersecurity, and IoT, aiming to help startups grow by providing financial support and industry expertise.

26

Offices:

Copenhagen

London (HQ)

Investment Stage:

Seed, Series A, Series B, Unknown

Check Size:

$1M - $50M

Industries:

FinTech, Crypto & web3, AI

Top investments in Denmark:

Tesseract (
61)
, Superscript (
60)
, BVNK (
52)

Scale Capital is a venture fund focused on Danish technology companies.

24

Offices:

Copenhagen (HQ)

Stockholm

Palo Alto

Investment Stage:

Debt Financing, Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, Edtech, FinTech

Top investments in Denmark:

Alphin (
44)
, Fracttal (
41)
, Quantica (
40)

Nordic Makers is a venture capital fund based in Stockholm. They invest €500,000 to €2,000,000 in early-stage companies in technology, green energy, real estate, and finance. They support ambitious founders with time and resources, aiming to help promising startups grow. Notable investments include ClimateView, Labster, and Meeshkan.

24

Offices:

Copenhagen

Stockholm (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$100k - $30M

Industries:

Climate Tech & Green Tech, Edtech, FinTech

Top investments in Denmark:

Cognigy (
63)
, Labster (
56)
, ClimateView (
44)

byFounders is an early-stage venture fund investing in technology startups across the Nordic and Baltic regions.

23

Offices:

Copenhagen (HQ)

San Francisco

Investment Stage:

Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$100k - $40M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Denmark:

Monta (
52)
, Contractbook (
44)
, Digitail (
41)

Offices:

Tel Aviv

Copenhagen (HQ)

Berlin

Amsterdam

Investment Stage:

Seed, Series A, Series B, Unknown

Check Size:

$2.5M - $70M

Industries:

Climate Tech & Green Tech, FinTech, Agritech

Top investments in Denmark:

Ecoworks (
56)
, Prewave (
52)
, Again (
48)

Nordea is a Finnish financial institution and investment bank that offers online investment, telephone banking, and cash dispenses

23

Offices:

Copenhagen

Investment Stage:

Debt Financing, Seed, Series A

Check Size:

$2.5M - $70M

Industries:

Climate Tech & Green Tech, FinTech, Energy & Nuclear

Top investments in Denmark:

NorSun (
48)
, Enfuce (
41)
, Connected Finland (
21)

North-East Venture, based in Copenhagen, is a venture fund investing in seed-stage startups, particularly in gaming and AR/VR sectors. Investment amounts range from $250,000 to $5 million. They support strong, passionate teams who understand value creation, business, creativity, and hard work. One portfolio company is SynergyXR.

23

Offices:

Copenhagen

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Gaming, AR / VR

Top investments in Denmark:

SynergyXR (
37)

Impact Partenaires is a venture capital fund based in Paris. They invest in companies at various stages, from early venture to growth. Focusing on sectors like education technology, manufacturing, and health tech, they have backed firms such as Rise Up, iRaiser, Eurekam, and Satelia. Their mission is to scale businesses that drive positive change.

22

Offices:

Copenhagen

Paris (HQ)

Milan

Frankfurt

Barcelona

London

Investment Stage:

Series A, Series B, Unknown

Check Size:

$5M - $40M

Industries:

Health Tech, Edtech, FinTech

Top investments in Denmark:

Rise Up (
43)
, iRaiser (
31)
, Eurekam (
28)

Seed Capital, based in Copenhagen, is Denmark's largest seed-stage venture capital fund. It invests in technology companies from pre-seed to Series E, focusing on fintech, ecommerce, and health tech. Notable investments include Trustpilot, Embla, Flatpay, Templafy, and Holdbar. Seed Capital aims to support startups that are shaping the future in their fields.

21

Offices:

Copenhagen (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Series E, Unknown

Check Size:

$100k - $250M

Industries:

Health Tech, Edtech, FinTech

Top investments in Denmark:

Dixa (
52)
, Templafy (
52)
, Trustpilot (
52)

2150 invests in tech entrepreneurs who are reimagining and innovating the Urban Stack

21

Offices:

Copenhagen (HQ)

Berlin

London

Investment Stage:

Series A, Series B

Check Size:

$100k - $70M

Industries:

Climate Tech & Green Tech, Mobility & Transportation, Energy & Nuclear

Top investments in Denmark:

Mission Zero (
52)
, Ember (
28)
, 1Komma5° (
18)

Heartland is a Denmark-based cinematography organization.

21

Offices:

Aarhus (HQ)

Investment Stage:

Seed, Series A, Series D, Unknown

Check Size:

$100k - $100M

Industries:

Climate Tech & Green Tech, FinTech, Foodtech

Top investments in Denmark:

Klarna (
65)
, Lunar (
44)
, Hyme Energy (
31)

Sound Bioventures is a venture capital fund based in Malmö, focusing on Series A and Series B funding rounds for biotech, health tech, and pharma companies. They invest in businesses such as AbolerIS Pharma, Teitur Trophics, VarmX, Theolytics, and Breye Therapeutics. Their goal is to advance new medical treatments and technologies, aiding companies in improving health outcomes.

21

Offices:

Copenhagen

Stockholm

Malmö (HQ)

Washington

Investment Stage:

Series A, Series B, Unknown

Check Size:

$100k - $40M

Industries:

Health Tech, Biotech, Pharma

Top investments in Denmark:

VarmX (
41)
, Theolytics (
37)
, AbolerIS Pharma (
34)

Repair Impact Fund is a venture capital fund based in Copenhagen that invests in early-stage biotechnology and health tech companies, primarily at the Series A stage. Notably, they have invested in LimmaTech Biologics. Their mission is to support businesses aiming to make significant impacts in health and science.

21

Offices:

Copenhagen

Investment Stage:

Series A

Check Size:

$5M - $10M

Industries:

Health Tech, Biotech

Top investments in Denmark:

LimmaTech Biologics (
33)

Climentum Capital, based in Copenhagen, is a venture capital fund focusing on early-stage investments, including seed and Series A rounds. They invest between $1 million and $5 million in environmentally impactful businesses. Their investment areas span climate, biotech, manufacturing, food, pharmaceuticals, data, education, and energy. Notable investments include Rodinia Generation, Aegir Insights, Novatron, Entocycle, and Fermify. Their goal is to support and grow climate-friendly businesses.

20

Offices:

Copenhagen (HQ)

Berlin

Stockholm

Investment Stage:

Seed, Series A

Check Size:

$2.5M - $10M

Industries:

Climate Tech & Green Tech, Edtech, Foodtech

Top investments in Denmark:

Entocycle (
37)
, ecoLocked (
37)
, Jolt (education technology company) (
34)

Northcap is a venture capital fund based in Copenhagen. They invest between $1 million and $25 million in tech and health sectors. Notable investments include Sekoia, GAN Integrity, Colego, and Visiopharm. Northcap supports companies at various growth stages, offering financial backing and valuable guidance.

20

Offices:

Copenhagen (HQ)

Investment Stage:

Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, Hardware, Legal Tech

Top investments in Denmark:

Sekoia (
43)
, GAN Integrity (
28)
, Colego (
18)

The Index Project, based in Copenhagen, is a venture capital fund investing in early-stage startups. It focuses on AI, data, machine learning, agritech, and climate tech, typically supporting seed and Series A companies. Notable investments include Ignitia and Iris.ai. Dedicated to promoting life-improving design, the fund shares inspiring stories and trends and encourages impactful design nominations for the annual #indexaward2023.

20

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Denmark:

No data available

The Index Project, based in Copenhagen, is a venture capital fund investing in early-stage startups. It focuses on AI, data, machine learning, agritech, and climate tech, typically supporting seed and Series A companies. Notable investments include Ignitia and Iris.ai. Dedicated to promoting life-improving design, the fund shares inspiring stories and trends and encourages impactful design nominations for the annual #indexaward2023.

20

Offices:

Copenhagen

Copenhagen

Investment Stage:

Seed, Series A

Check Size:

$2.5M - $5M

Industries:

Climate Tech & Green Tech, Agritech, AI

Top investments in Denmark:

Iris.ai (
37)
, Ignitia (
26)

LEGO Ventures, the corporate venture capital arm of the LEGO® brand, is based in Billund. It invests in early-stage to Series B companies focused on creativity, learning, and play. Key sectors include technology, education, health, and entertainment. Notable investments include Area9 Lyceum, Light Brick Studio, Klang Games, and Caper. LEGO Ventures aims to support projects that inspire and develop imaginative, lifelong learners.

19

Offices:

Billund (HQ)

Investment Stage:

Pre Seed, Series B, Unknown

Check Size:

$500k - $30M

Industries:

Health Tech, Edtech, Gaming

Top investments in Denmark:

Klang Games (
56)
, Area9 Lyceum (
34)
, Light Brick Studio (
18)

Climate Planet Foundation is a venture capital fund based in Copenhagen. It invests in early-stage companies in climate tech, green tech, and education technology, with amounts ranging from small to moderate. Notable investments include AimHi Earth. The foundation's mission aligns with the UN's 17 Sustainable Development Goals, focusing on climate change and sustainability. Initially known for its globe exhibit touring Europe to showcase climate changes, Climate Planet Foundation continues to support companies contributing to a sustainable future.

19

Offices:

Copenhagen

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Climate Tech & Green Tech, Edtech

Top investments in Denmark:

AimHi Earth (
30)

Rockstart is a venture capital fund based in Amsterdam, investing in early-stage companies from pre-seed to Series B with check sizes ranging from €0 to €2,000,000. The fund focuses on energy, agri-food, and emerging technologies. Notable investments include Reduced, Dexter Energy Services, Soolutions, Klimate, and Lanterne. Rockstart empowers purpose-driven founders with funding, resources, and mentorship to grow their businesses.

18

Offices:

Copenhagen

Amsterdam (HQ)

Investment Stage:

Pre Seed, Seed, Series B, Unknown

Check Size:

$100k - $20M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Denmark:

Reduced (
44)
, Whatagraph (
34)
, Dexter Energy Services (
34)

Nordic Alpha Partners is a growth fund based in Copenhagen that supports hard-tech companies aiming to impact global markets. They invest in early to mid-stage companies in sectors like manufacturing, biotech, energy solutions, and health tech. Notable investments include Stabl Energy and SunRoof. Nordic Alpha Partners is dedicated to nurturing the next major players in tech-driven industries.

17

Offices:

Copenhagen (HQ)

Investment Stage:

Series A, Series B, Unknown

Check Size:

$100k - $20M

Industries:

Climate Tech & Green Tech, Health Tech, Agritech

Top investments in Denmark:

DyeMansion (
44)
, Stabl Energy (
44)
, SunRoof (
41)

PreSeed Ventures is a venture capital fund based in Copenhagen. They invest in early-stage companies across sectors like tech, healthcare, and fintech. Known for supporting startups from the seed stage, they have participated in over 400 ventures, including Danish firms Vivino, Trustpilot, and Lunar. They provide funding from pre-seed to Series A, helping businesses grow and reach their potential.

16

Offices:

Copenhagen (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, Edtech, FinTech

Top investments in Denmark:

Pento (
44)
, Dreamdata (
37)
, Nøie (
37)