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Top 50 Enterprise Software Startup Investors in Denmark (November 2026)

The most active venture capital funds and angel investors investing in Denmark Enterprise Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Denmark Enterprise Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Seed Capital
VC Fund
12 Denmark, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Health Care, Information Technology $549k–$17M
Vaekstfonden
VC Fund
8 Denmark, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, SaaS $384k–$23M
PSV
VC Fund
3 Denmark, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $307k–$4.6M
Target Partners
VC Fund
2 Germany, United States, Switzerland Series A, Series B, Series C Software, Enterprise Software, SaaS $1.5M–$31M
HerbertNathan & Co
VC Fund
2 Denmark Series A, Venture - Series Unknown Mobile, FinTech, Service Industry
Global PayTech Ventures
VC Fund
2 United States, Denmark, Colombia Seed, Series A, Series B Financial Services, FinTech, Payments $2.6M–$65M
Promentum Equity Partners
VC Fund
2 Denmark, Norway Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $1.1M–$6M
Heartcore Capital
VC Fund
2 United States, Denmark, Germany Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1.3M–$58M
Tommy Ahlers
Angel
2 Denmark, United Kingdom Seed, Angel, Series A SaaS, Analytics, Social Media $151k–$13M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.5M–$23M
Preben Damgaard
Angel
2 Denmark, United Kingdom Venture - Series Unknown, Seed, Series A SaaS, Software, Computer $1.4M–$7.8M
henQ
VC Fund
2 The Netherlands, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$33M
Export and Investment Fund
VC Fund
2 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Biotechnology, Health Care $395k–$84M
Superhero Capital
VC Fund
2 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $114k–$7.3M
People Ventures
VC Fund
2 Denmark, Sweden, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $1M–$21M
Nupark Accelerace
VC Fund
2 Denmark, Australia Seed, Series A, Venture - Series Unknown Mobile, Software, E-Commerce $508k–$2.4M
Jesper Buch
Angel
1 Denmark, United States Angel, Seed, Pre-Seed Internet, Software, E-Commerce $151k–$500k
Project A Ventures
VC Fund
1 Germany, United Kingdom, United States Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1.3M–$75M
Thorleif Krarup
Angel
1 Denmark Venture - Series Unknown, Series A Financial Services, Mobile, FinTech
Cullen International
VC Fund
1 Denmark Venture - Series Unknown SaaS, Software, Social Media
River Venture Partners
VC Fund
1 The Netherlands, Finland, Latvia Seed, Angel, Pre-Seed Internet, Software, SaaS $60k–$2.4M
Klaus Nyengaard
Angel
1 Denmark, United Kingdom, France Seed, Series A, Angel E-Commerce, Software, Marketplace $100k–$18M
Esben Friis-Jensen
Angel
1 Denmark Pre-Seed Security, Open Source, Enterprise Software
Thomas Riisgaard Hansen
Angel
1 Denmark Pre-Seed Security, Open Source, Enterprise Software
CapMan
VC Fund
1 Finland, Russian Federation, Sweden Private Equity, Series B Software, Information Technology, Health Care $2.1M–$100M
Morten Lund
Angel
1 United States, Denmark, United Kingdom Angel, Series A, Seed Internet, Software, E-Commerce $329k–$3.3M
Taylor Lehmann
Angel
1 United States, Denmark Pre-Seed, Seed Enterprise Software, SaaS, Medical
Essence VC
VC Fund
1 United States, Germany, Israel Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $650k–$27M
Kasper Knokgaard
Angel
1 Denmark, United States Angel, Seed, Secondary Market Software, Apps, SaaS $81k–$4.6M
Anders Thorhauge Sandholm
Angel
1 Denmark Pre-Seed, Seed Content, Security, Software $807k–$1.6M
Creandum
VC Fund
1 Sweden, United States, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
SBI Group
VC Fund
1 Japan, United States, United Kingdom Series A, Series B, Series C Financial Services, FinTech, Finance $2.8M–$134M
Matthew Ryan
Angel
1 Denmark Pre-Seed Personalization, Video on Demand, Video Advertising
MK Ventures
VC Fund
1 India, Denmark Seed, Post-IPO Equity B2B, SaaS, Finance
Northcap
VC Fund
1 Denmark, United States, Sweden Series B, Series A, Venture - Series Unknown Software, SaaS, Mobile $1.2M–$20M
Keepit Group
VC Fund
1 Denmark Debt Financing SaaS, Cyber Security, Cloud Data Services
Angular Ventures
VC Fund
1 Israel, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $1.2M–$45M
Susan Kimberlin
Angel
1 United States, Kenya, Denmark Seed, Pre-Seed Software, SaaS, Information Technology $1.5M–$4.9M
North-East Venture
VC Fund
1 Denmark, United Kingdom, Germany Venture - Series Unknown, Seed, Pre-Seed Fashion, Software, E-Commerce $500k–$3.5M
Zelda Ventures
VC Fund
1 United States, Denmark Seed, Pre-Seed, Series A Artificial Intelligence, B2B, SaaS $2.6M–$7M
Notion Capital
VC Fund
1 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS $1.1M–$60M
West Hill Capital
VC Fund
1 United Kingdom, Denmark, Germany Series A, Seed Software, Health Care, Financial Services $2M–$15M
Thomas Madsen-Mygdal
Angel
1 Denmark, United States, Finland Angel, Seed, Pre-Seed Software, Health Care, Collaboration $684k–$2M
Drew Dennison
Angel
1 United States, Denmark Series A, Seed, Pre-Seed Biotechnology, Health Care, Health Diagnostics $6.9M–$43M
One Peak
VC Fund
1 Germany, United Kingdom, Israel Series B, Series C, Series A Software, SaaS, Enterprise Software $3.7M–$167M
Lars Seier Christensen
Angel
1 Denmark, Switzerland, Japan Venture - Series Unknown, Seed Software, Internet, Blockchain $1.4M–$22M
Vidici Ventures
VC Fund
1 Sweden, Denmark, Finland Venture - Series Unknown, Seed, Series A Financial Services, FinTech, Software $893k–$1.6M
Herman Kienhuis
Angel
1 The Netherlands, Finland, Denmark Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $453k–$12M
Nordic Eye Venture Capital
VC Fund
1 United States, Denmark, India Series A, Seed, Venture - Series Unknown Software, E-Commerce, SaaS $950k–$14M
Sequoia Capital
VC Fund
1 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
Access all 121 investors in Denmark Enterprise Software startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Seed Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 12 investments in Denmark Enterprise Software startups

Seed Capital invests in Danish tech businesses with global ambitions. We are focused on "late seed"-stage companies, typically investing 2-4 MEUR in rounds of 2-10 MEUR. Proud backers of Trustpilot, Vivino, Lunar, Templafy, Dixa, Forecast, and many other great companies.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 216
  • Round size: Seed $549k–$5.2M; Series A $3.8M–$17M; Venture - Series Unknown $580k–$5.1M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $74M in 2021

Portfolio highlights

  • Expanite — Expanite has developed a series of unique solutions for surface-hardening of stainless steel. With the opportunity of processing most common stainless steel alloys - either in-house or at Expanite's treatment centre - the company offers significantly improved corrosion, wear, fatigue and scratch resistance
  • Minervax — We are MinervaX. A clinical stage biotech company focused on making a global impact by developing state-of-the-art vaccines.
  • Reapplix — Reapplix ApS, a research and development company, identifies blood-derived proteins that improve wound healing, isolates them, and reapplies them to patients with chronic wounds. The company was founded in 2008 and is based in Birkerod, Denmark.
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Vaekstfonden
VC Fund · Hellerup, Hovedstaden, Denmark · 8 investments in Denmark Enterprise Software startups

Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We can accompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 231
  • Round size: Seed $830k–$4.9M; Pre-Seed $384k–$2.4M; Venture - Series Unknown $1.2M–$23M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $343M in 2023

Portfolio highlights

  • Advalight — Advalight is a young, dynamic company dedicated to providing high-quality laser equipment for dermatological treatments. The company has patented an innovative technology for use in the removal of vascular lesions, acne treatment, skin rejuvenation and many other skin-enhancing procedures. The ground-breaking product was launched the summer 2014.Advalight is based on five years of scientific work in the Physics Department at the Technical University of Denmark. The founders include two PhDs and it is their research that forms the basis of Advalight. The company's main focus is on research and development and with the right external partners we believe that the market for dermatological lasers will be transformed. Advalight is therefore seeking collaboration with external partners with established distribution and sales channels.
  • Sigma Estimates — Sigma Estimates was founded in 2003 under the name CodeGroup and is less than ten years been the market leader in software solutions for the calculation.For Sigma Estimates is the main task to develop it, to encourage and improve the work of kalkulationsopgaver in the construction industry. But it must be seen in a larger context, and thereforeSigma also the ultimate tool when the company's work processes more efficient and streamlined.Sigma typically helps companies to reach a best practice to select the projects that are profitable and to foster knowledge sharing within the company.Sigma Estimates are more than any other has come to stand for quality and ease of use. The goal is to bring together IT knowledge with kalkulationsviden and have it all to go up to a higher level.
  • Merus Audio — Merus Audio is an audio company that develops switching audio amplifiers. The developed audio amplifiers consist a multilevel audio amplifier technology, which is a combination of a multilevel switching topology and a dynamic power management scheme to improve efficiency and compactness. The company's product eximo MA12040/12040P andMA12070/MA12070P are used for home theater systems, TVs, sound bars, stereo systems, mobile phones, and portable media players. They cut down power losses during operations.Merus Audio was found by Mikkel Hoyerby, and Hans Andersen in 2010; and is headquartered in Herlev, Denmark.
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PSV
VC Fund · Lyngby, Hovedstaden, Denmark · 3 investments in Denmark Enterprise Software startups

PSV cares about a conscious future. As a venture house, our mission is to clear the path for founders who build companies that matter. Our hybrid setup, comprising PSV Foundry, PSV Lab, and two unique venture funds, PSV Tech and PSV Hafnium, sets us free from adhering to a singular method. Rather we rethink existing ways and models to maximise our impact beyond any individual firm or investment. Together, we can punch above our weight.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Denmark, United States, Sweden

Investor stats

  • Total investments: 154
  • Round size: Seed $506k–$4.6M; Pre-Seed $307k–$2.5M; Venture - Series Unknown $513k–$3.2M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $64M in 2020

Portfolio highlights

  • Thiax — ThiaX maps the strain and crystallinity in polymer and composite materials using cutting-edge X-ray diffraction (XRD) technology.
  • spektr — Automate KYB, KYC onboarding, risk monitoring, and case management, reducing false positives and manual work for faster, more secure processes.
  • Acodyne — Heavy-lift eVTOL cargo UAVs. Heavy payloads, high speed, autonomous flight.
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Target Partners
VC Fund · Munich, Bayern, Germany · 2 investments in Denmark Enterprise Software startups

Target Partners is a German venture capital firm that invests in early-stage technology companies. With 300 million Euro under management, Target Partners is one of the leading venture capital investors in Germany. The partners of Target Partners have years of collective experience as successful managers, entrepreneurs and venture capital investors in Europe and the USA. They founded or led companies their selves, developed or sold technology products their selves. They have seen numerous companies through to IPO and beyond. They understand the challenges an entrepreneur faces and that the road to success often isn't simple and straight. Both in Europe and the USA Target Partners has a large network in industry and venture capital. They open doors for you to customers, business partners, experienced managers and financial markets. They support you in business development, in international expansion, in closing OEM or distribution contracts, and in acquisition decisions. In addition, several dozen European and US entrepreneurs and top managers, as well as a number of US venture capitalists, have personally invested in their funds and thus have a particularly strong interest in your company's success.

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Investment focus

  • Industry: Software, Enterprise Software, SaaS
  • Stage:Series A, Series B, Series C
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 110
  • Round size: Series A $1.5M–$8M; Series B $3.3M–$20M; Series C $3.1M–$31M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2014

Portfolio highlights

  • tado° — Tado° develops a heating app for private homes and small businesses. It adjusts to the residents' behavior in real-time and also takes current weather forecasts and building characteristics into account. Tado° is committed to changing how heating and cooling systems function in structures, minimizing energy waste, and lowering carbonemissions. The company regulates indoor temperatures using automation and various control methods. The company's application allows users to modify settings, track usage, and access reports. Integration with smart home systems enables temperature adjustments via voice commands. Features such as geofencing change settings based on occupancy, while weather adaptation adjusts heating or cooling according to forecasts. Intelligent scheduling helps users create personalized temperature plans, and automation capabilities handle climate control without requiring manual intervention.
  • NavVis — NavVis next-generation technology for the built environment enables accurate mobile mapping of indoor spaces and enterprise-ready digital twin solutions.
  • Dedrone — Dedrone is the global leader in anti-drone / counter-drone solutions with the most customers in more countries
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HerbertNathan & Co
VC Fund · Københoved, Syddanmark, Denmark · 2 investments in Denmark Enterprise Software startups

HerbertNathan & Co is a highly specialized management consulting firm within the area of ERP, BI, HR and CRM systems in which area we are the most used advisory firm on the Scandinavian market. We offer independent advice based on experience from participation in hundreds of ERP projects.

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Investment focus

  • Industry: Mobile, FinTech, Service Industry
  • Stage:Series A, Venture - Series Unknown
  • Geography: Denmark

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cardlay — Build your own white-label card and expense management solution with Cardlay. Our platform helps banks, fleets, and tech partners launch modern spend management solutions fast.
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Global PayTech Ventures
VC Fund · Miami, Florida, United States · 2 investments in Denmark Enterprise Software startups, 7 in the past 12 months

Global PayTech Ventures is a venture capital firm that focuses on payment technology. The firm invests in ground-breaking PayTech solutions with massive market opportunities. It also focuses on early-stage PayTech companies and will invest in seed, Series A, and Series B rounds. The firm was founded by Javier Perez and his sons Daniel Perez and Kristofer Perez and is headquartered in Miami, Florida.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Colombia

Investor stats

  • Total investments: 22
  • Round size: Seed $2.6M–$10M; Series A $4.9M–$65M; Series B $40M–$45M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Yuno — A fast checkout that integrates your company to the payments and fraud ecosystem.
  • Cyclops.io — Cyclops is the only crypto and stablecoin platform exclusively for payments companies. Cyclops enables payment service providers to accept crypto, do stablecoin settlement, and manage digital assets with enterprise-grade security. We provide PSPs, Card Networks, Acquirers, PayFacs and otherws with compliant crypto solutions without building in-house. Cyclops is chain agnostic, supporting Bitcoin, Ethereum, USDC, USDT, and multi-chain stablecoin settlement. White-label and turnkey offerings.
  • Jeeves — Pay for anything, anywhere, in your local currency. No fees. No interest. No personal guarantees. Mobile-first, built with your team in mind.
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Promentum Equity Partners
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups

Promentum Equity Partners was founded on the vision of building outstanding technology businesses. We back ambitious entrepreneurs in making real and lasting impact with their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs.We invest at growth stage in kick-asssoftware start-ups within the technology space.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Denmark, Norway

Investor stats

  • Total investments: 10
  • Round size: Seed $1.1M–$1.5M; Series A $1.5M–$6M; Venture - Series Unknown $1.8M–$2.5M
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • AskCody — AskCody is the Meeting Management Platform for Microsoft 365. Book rooms, catering, AV and visitors in Outlook, and keep services in step when meetings change.
  • Motosumo — The Motosumo mission is to empower our members to lead happier and healthier lives with interactive, community-based, and instructor-driven indoor cycling workouts they can enjoy for free.
  • FarmBackup — FarmBackup is the worlds first online marketplace for on-demand farming.Launched in Denmark October 2015 - see farmbackup.dkLaunched in the UK July 2017 - see farmbackup.co.ukLaunched in New Zealand May 2018 - see farmbackup.co.nzIn May 2019 we launched a task management solution on top of our marketplace. This solution is called FarmBackupTask, and it is tailored to suit the need of both farmers and agricultural contractors - see farmbackup.com
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Heartcore Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups

Heartcore Capital invests in companies re-enchanting the world through technology.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Germany

Investor stats

  • Total investments: 223
  • Round size: Seed $1.3M–$11M; Series A $3.4M–$27M; Series B $9.5M–$58M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fresh fund, raised $179M in 2024

Portfolio highlights

  • Fora — Fora's expert travel advisors will help you plan your dream trip while unlocking exclusive perks and upgrades. Welcome to the modern travel agency.
  • Nous — Find out exactly how your household finances will be affected by the cost-of-living crisis with Nous on your side.
  • PhaseTree — Materials design simulation company - PhaseTree ApS
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Tommy Ahlers
Angel · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups

Tommy Ahlers is the Founding Partner of Look Up Ventures. He previously worked at Venstre, Danmarks Liberale Parti as a Medlem af Folketinget.Tommy Ahlers attended Københavns Universitet - University of Copenhagen.

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Investment focus

  • Industry: SaaS, Analytics, Social Media
  • Stage:Seed, Angel, Series A
  • Geography: Denmark, United Kingdom

Investor stats

  • Total investments: 14
  • Round size: Seed $151k–$2.7M; Series A $5.4M–$13M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • PUFIN-ID — Pufin ID develops digital hash-codes using physical unclonable functions for physical products to secure originality of brands.
  • Worksome — Worksome is the external workforce platform to source, onboard, manage, and pay contractors and freelancers in one place. Compliant in 150+ countries.
  • Lumilab — Lumilab is a Copenhagen-based startup building an agentic operations platform for energy assets, currently focused on EV-charging networks and expanding toward solar, battery parks, and other distributed energy infrastructure.
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Denmark Enterprise Software startups

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make the financial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Series B
  • Geography: Sweden, Denmark, United Kingdom

Investor stats

  • Total investments: 78
  • Round size: Series A $1.5M–$7.4M; Series B $2.2M–$23M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. The Apica WebExcellence Suite offers companies and developers alike easy-to-use, cloud-based load testing and web performance monitoring tools to test applications for maximum capacity, daily performance, improved load times, and protectionfrom peak load.
  • MobileTag — Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping.Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies indisplay, transportation, distribution, the pharmaceutical industry, and more.Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception.The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes.Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Preben Damgaard
Angel · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups

Founder and CEO of Damgaard Company, a combined VC and seed investor focusing primarily on B2B SaaS companies with disruptive technologies and B2C platform companies with innovative business models. As an investor, advisor and board member I engage with entrepreneurs and management teams in our portfolio companies, helping each company unlock itsfull potential. I started my career in 1983 when I co-founded Damgaard Data and grew the company to become a leader in the market for ERP software to small and medium sized enterprises, ultimately bringing the company to a successful IPO on NASDAQ OMX in 1999. In 2000, we merged with Navision Software, and less than two years later, in 2002, Navision was acquired by Microsoft for $1.45B – the biggest acquisition made by Microsoft at the time. I was appointed Executive Vice President of Microsoft Business Solutions in EMEA and stayed there until founding Damgaard Company in 2003.

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Investment focus

  • Industry: SaaS, Software, Computer
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Denmark, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Venture - Series Unknown $1.4M–$7.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Paperflow — Paperflow is a company that developed a cloud-based system that, using artificial intelligence, scans and handles vouchers such as receipts or invoices so that the manual posting is done automatically.
  • Configit — Configit's powerful configuration technology and proven reliability makes us a trusted leader among the worlds prominant manufacturing companies.
  • Too Good To Go — Too Good To Go app is the world's largest surplus food marketplace. Download now and enjoy good food at 1/2 price or less, help the environment and reduce food waste.
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henQ
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Denmark Enterprise Software startups

We back the best European founders with up to €10M tickets. We like any early-stage B2B business that is simply a little different, whether your market is considered “too boring” by some, your business model a little atypical, or your founder-passion bordering on obsession.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: The Netherlands, United States, France

Investor stats

  • Total investments: 71
  • Round size: Seed $1M–$4.2M; Series A $900k–$16M; Series B $1.5M–$33M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2025

Portfolio highlights

  • Tanso — Tanso Technologies is a software company based in Munich that offers a carbon intelligence suite to industrial companies, with its solution for Corporate Carbon Footprint (CCF), Product Carbon Footprint (PCF), and ESG management for ESRS compliance. Tanso’s solution is supported by the European Innovation Council (EIC), as well as notable VCfunds like Capnamic and UVC Partners, and angel investors, and is used by leading German industrial companies.More information about Tanso can be found here: www.tanso.de
  • Kanpla — Connect digitally with your guests and combine the physical canteen with a digital experience.
  • Tomorro — Leeway helps you reduce the time spent on contract management and gives you more control and visibility over legal and financial risks.
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Export and Investment Fund
VC Fund · Hellerup, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups, 39 in the past 12 months

Export and Investment Fund serves as a single point of contact for Danish firms seeking risk-tolerant government finance. serves as a single point of contact for Danish firms seeking risk-tolerant government finance. We aspire to help successful enterprises that can expand the Danish economy and green the world on a daily basis, guided by professionalism and an international perspective.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 148
  • Round size: Seed $395k–$11M; Pre-Seed $807k–$2.9M; Series A $5.9M–$84M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Cortas — Cortas is a tech-enabled Danish property management company that offers an end-to-end, institutional-grade management service for real estate portfolios. The company replaces traditional, fragmented real estate administration by combining a dedicated team of industry experts with a proprietary digital platform to streamline operations, compliance, and financial reporting.
  • Onomondo — Onomondo is a global IoT network. Our IoT SIM and cloud platform future proof your devices with full data transparency, freedom to leave, and no third parties.
  • Rodinia Generation — Rodinia Generation offers environmental clothes manufacturing technologies that helps to eliminate overproduction in the fashion sector.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Denmark Enterprise Software startups, 16 in the past 12 months

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 105
  • Round size: Seed $228k–$2.6M; Pre-Seed $114k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $41M in 2025

Portfolio highlights

  • KineDB — KineDB develops a dual-purpose database engine capable of operating as an embedded system on mobile devices or clustered within cloud data centers. The technology natively integrates replication, data history tracking, and merge logic to support continuous offline writing and automatic data synchronization upon reconnection. It utilizes a peer-to-peer data balancing architecture to eliminate traditional sharding and replica configuration processes. Every data write is permanent and addressable, providing an built-in audit trail that allows versioning and rollbacks. Additionally, the system writes logs directly to cloud object storage, enabling operational servers to function ephemerally without local state management. KineDB recently closed a cross-border pre-seed investment round with Superhero Capital, NGL and the founders of Formalize. Start-up lawyer Michael Pilegaard from Mace Legal acted as legal counsel to KineDB during the pre-seed investment round.
  • Bilt.me — Describe your app idea and Bilt builds it. Preview on your phone, publish to the App or Play Store when you're ready.
  • Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
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People Ventures
VC Fund · Taastrup, Hovedstaden, Denmark · 2 investments in Denmark Enterprise Software startups

We invest ourselves and money into early-stage founders. Operational VC based in Copenhagen, backing pre-seed and seed tech companies across the Nordics.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Sweden, United States

Investor stats

  • Total investments: 38
  • Round size: Seed $1.1M–$4M; Pre-Seed $1M–$3.3M; Series A $3.5M–$21M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Alrik — Turn your logistics into a competitive advantage and take control of your emissions. We help building material suppliers revolutionize their workflows.
  • plinto — Plinto develops AI software for financial controlling and invoice analysis. Its virtual controller connects to enterprise resource planning systems and document repositories such as SharePoint, OneDrive, and Google Drive. The platform compares transactions with contracts, payment history, budgets, and business expectations to identify discrepancies and invoice outliers. It supports invoice line-item verification, vendor compliance checks, ledger posting review, spend monitoring, and financial anomaly detection.
  • Pandektes — Search, verify, and rely on the law. Pandektes vast database combined with industry-leading search means more firepower in every legal analysis.
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Nupark Accelerace
VC Fund · Holstebro, Midtjylland, Denmark · 2 investments in Denmark Enterprise Software startups

Nupark Accelerace finances entrepreneurial businesses and is a Denmark-based investment company.

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Investment focus

  • Industry: Mobile, Software, E-Commerce
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Denmark, Australia

Investor stats

  • Total investments: 10
  • Round size: Seed $508k–$2.4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Vaavud — We are a crowdsourced weatherservice. Our mission is to provide high-resolution personalized weather information
  • Ingenium Golf — Ingenium Golf provides intelligent golf experiences to golfers and clubs worldwide.
  • Bookingabus.com — Bookingabus(.com) is an independent price portal to help you find a chartered bus service. They are the first portal of their kind in Europe and they are proud to be able to provide you with an instant quote for your desired journey. Furthermore we give you various options from several carriers to ensure you are getting the best deal to fit yourneeds. For complex journeys they can provide you with a quote or you can give us your budget and they will find a bus operator for you.
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Jesper Buch
Angel · Marbella, Andalucia, Spain · 1 investments in Denmark Enterprise Software startups

Jesper Buch is the Seed Investor of Wibe For Good. He previously worked at Ladybox as a Seed Investor. Jesper Buch attended The Danish Export Institute.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Denmark, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $151k–$452k; Angel $400k–$500k
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Jukeit — Jukeit is a B2B music streaming service including a jukebox app.Music is very close to our heart. That is why Jukeit has created an economically sustainable music streaming service for commercial use. With our innovative jukebox app, we can provide music lovers a brand new way of interacting with the music in public spaces. This will both benefitthe venues and the creators of the music that we all love.
  • Reshopper — Reshopper is an application for buying and selling used kids items. The compamy was founded by Jonas Funk Johannessen, Anders Dahl Pape, Anders Munk, and Nicolai Denmark Johannesen. In 2016 former AirBnB country manager Aja Guldhammer Henderson joined Reshopper as CEO and now she is leading the ambitious international expansion.
  • ZERV — ZERV is a Danish-owned company that produces and sells sports equipment for various sports.
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Project A Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Denmark Enterprise Software startups, 9 in the past 12 months

Project A is an early-stage venture capital firm, combining financial and operational support for technology companies. In addition to $1bn in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering, business intelligence, marketing, and recruiting. The portfolio includes companies such as Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 239
  • Round size: Seed $1.3M–$8.9M; Series A $3.8M–$28M; Series B $6.2M–$75M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fresh fund, raised $377M in 2025

Portfolio highlights

  • Nexcade — Nexcade AI agents run freight quoting, tenders, rates, bookings, and reporting with your team, visible and controlled at every step.
  • Project Q — European defence integration. Deployed with Bundeswehr, validated at NATO. Open-core, ITAR-free, no vendor lock-in. Connect sensors to C2 in seconds.
  • Nettle — The AI workspace for Loss Control
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Thorleif Krarup
Angel · 1 investments in Denmark Enterprise Software startups

Thorleif Krarup - Chairman @ Leneo

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Investment focus

  • Industry: Financial Services, Mobile, FinTech
  • Stage:Venture - Series Unknown, Series A
  • Geography: Denmark

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Cardlay — Build your own white-label card and expense management solution with Cardlay. Our platform helps banks, fleets, and tech partners launch modern spend management solutions fast.
  • Samlino.dk — Samlino.dk is Denmark’s largest financial comparison site that helps Danish consumers save money on services in the financial sector; insurance, loan, broadband etc. Samlino.dk is part of Compare Group Global - the world's largest organization of comparison sites.
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Cullen International
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Denmark Enterprise Software startups

We help you stay informed on regulatory developments in the communications sector with clear, impartial and insightful intelligence services.

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Investment focus

  • Industry: SaaS, Software, Social Media
  • Stage:Venture - Series Unknown
  • Geography: Denmark

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ulobby — Ulobby is an automated tool for stakeholder management and political monitoring
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River Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Denmark Enterprise Software startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: The Netherlands, Finland, Latvia

Investor stats

  • Total investments: 23
  • Round size: Seed $420k–$2.4M; Angel $60k–$800k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Fledger — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Contentoo is Europe’s leading platform for content marketing talent built to help rising companies work with the full power of content. We offer a global pool of pre-screened freelance writers, localisation experts, designers, strategists, and many other creatives combined with best-in-class tools to level up your content creation.Visitwww.contentoo.com for more information.
  • Clubee — Manage your club with ease. Websites, Member Management, Communication, Finance, Sponsorships and more.
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Klaus Nyengaard
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

Klaus Nyengaard is the co-founder and Chairman of GenieBelt, a SaaS-based platform that develops project management software. He is also co-founder of the investment club, Nordic Makers. He serves as the co-chairman of Treatwell, a beauty and wellness community marketplace. Nyengaard has previously been CEO & Chairman of Just-Eat pre-IPO, and build a number of tech companies. In 1994, Klaus Nyengaard graduated from Aarhus University with a specialized degree in economics and management.

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Investment focus

  • Industry: E-Commerce, Software, Marketplace
  • Stage:Seed, Series A, Angel
  • Geography: Denmark, United Kingdom, France

Investor stats

  • Total investments: 21
  • Round size: Seed $100k–$1.8M; Series A $3.8M–$18M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Famly — Easy-to-use software for childcare providers. Our nursery management software makes administration, planning, and learning journals easy. Try it for free.
  • Panion — Panion is a community-building tool that helps companies, schools, and organizations facilitate more social interactions amongst its members. The platform is entirely keyword searchable and filterable so members are able to search for each other based on common interests, values, goals or experiences and even narrow their searches by location,gender, age, language and much more. Members and admins can propose spontaneous events within the network and form social groups around an interest. Community admins are given a dashboard of analytics to track trends in their community and send segmented messages based on interest and location.
  • Grand PMS — Rooms, events and F&B on one AI-assisted platform. GRAND helps hotels and venues automate operations, sell more and spend more time with their guests.
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Esben Friis-Jensen
Angel · San Francisco Bay Area, California, United States · 1 investments in Denmark Enterprise Software startups

Esben Friis-Jensen

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Investment focus

  • Industry: Security, Open Source, Enterprise Software
  • Stage:Pre-Seed
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Coana (acquired by Socket) — Coana's SCA identifies vulnerabilities in open source packages that are genuinely reachable, allowing you to confidently disregard up to 95% false positives.
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Thomas Riisgaard Hansen
Angel · 1 investments in Denmark Enterprise Software startups

Thomas Riisgaard Hansen

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Investment focus

  • Industry: Security, Open Source, Enterprise Software
  • Stage:Pre-Seed
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Coana (acquired by Socket) — Coana's SCA identifies vulnerabilities in open source packages that are genuinely reachable, allowing you to confidently disregard up to 95% false positives.
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CapMan
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Denmark Enterprise Software startups

CapMan is a private markets pioneer in the Nordics. Our funds invest in real estate, infrastructure, natural capital and unlisted companies.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Private Equity, Series B
  • Geography: Finland, Russian Federation, Sweden

Investor stats

  • Total investments: 61
  • Round size: Series B $2.1M–$14M; Private Equity $16M–$100M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $181M in 2019

Portfolio highlights

  • Nonna Group Oy — Nonna Group develops new types of housing for the elderly.
  • CSE Entertainment — WE BRING JOY AND MOVEMENT FOR MILLIONS OF PEOPLE AROUND THE WORLD. In our core is the idea of diversity and equality of physical activity and sport. We are changing eSport and Exergaming concepts, and in 2025 CSE will be the leading exergaming brand in the world. Our products and services are used widely in family entertainment, fitness,education, and rehabilitation.
  • Kuntokeskus Liikku — Kuntokeskus Liikku is a fitness club that provides multidisciplinary services like gym, aquatics, and sports training.
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Morten Lund
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

Morten Lund is the Chairman and Co-Founder of Elleville. He previously worked at Poshtel International as a CEO and Co-Founder. Morten Lund attended the University of Southern Denmark.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Angel, Series A, Seed
  • Geography: United States, Denmark, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Angel $329k–$3.3M; Series A $3M–$3.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Valuer — Unlock your business potential with AI-powered insights, market research, and data-driven strategies.
  • Ocast — Ocast is the Nordic marketplace for media buying. Describe your campaign and get matched with relevant media, podcasts, influencers and agencies.
  • Itembase — Leading Companies use Itembase to onboard merchants across Commerce Systems with enterprise-grade integration and scalability features.
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Taylor Lehmann
Angel · Boston, Massachusetts, United States · 1 investments in Denmark Enterprise Software startups

Taylor Lehmann

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Investment focus

  • Industry: Enterprise Software, SaaS, Medical
  • Stage:Pre-Seed, Seed
  • Geography: United States, Denmark

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Coana (acquired by Socket) — Coana's SCA identifies vulnerabilities in open source packages that are genuinely reachable, allowing you to confidently disregard up to 95% false positives.
  • Augur Security — SecLytics Augur is an innovative Predictive Extended Detection & Response (pXDR) platform that combines TIP, SIEM, and SOAR functionalities to create a unified, streamlined SOC workflow.
  • Zus Health — Connect patient data across the care journey with an always-on patient record that supports faster decisions, care coordination, and clinical workflows.
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Essence VC
VC Fund · Seattle, Washington, United States · 1 investments in Denmark Enterprise Software startups, 7 in the past 12 months

Enterprise fund focusing on 1st time technical founders building in the infra / developer space

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 59
  • Round size: Seed $3.1M–$17M; Pre-Seed $650k–$4.5M; Series A $14M–$27M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2026

Portfolio highlights

  • Monid — Monid is an all-in-one tool registry that connects AI agents to over 1,700 tools and APIs through a single integration.
  • RadiantOps — RadiantOps solves AI adoption for software teams. RadiantOps surfaces the work worthy of an engineering leader's attention, names what changed and who understood it, and compares it with the team's own history. Engineering leaders see whether agents are making their teams faster, what that is doing to quality, and what it costs, across every coding agent in the organization. Those answers justify a renewal, a headcount plan, or an AI budget. Every answer threads back to ground truth. RadiantOps reads the commits, reviews, tickets and agent runs a team already produces (GitHub, Jira, Slack, and the coding agents themselves, including Claude Code, Cursor, GitHub Copilot and Codex) and ties them to the work they belong to. We surface the change, attach the evidence, and leave the verdict with the people who know the terrain.
  • Namespace Labs — Cloud agents on Devboxes, fast GitHub Actions runners, and remote execution for Bazel on Linux, macOS, and Windows. The developer platform for agent scale.
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Kasper Knokgaard
Angel · New York, New York, United States · 1 investments in Denmark Enterprise Software startups

Kasper Grundtvig Knokgaard is based out of New York, New York and is on the Board of Directors at Arkyn. and also Founder of Compounding Capital. Kasper previously worked at United Talent Agency as a Board Member. He graduated from the Copenhagen Business School (CBS).

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Investment focus

  • Industry: Software, Apps, SaaS
  • Stage:Angel, Seed, Secondary Market
  • Geography: Denmark, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $876k–$4.6M; Angel $81k–$500k
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Norlix — Norlix is a digital insurance and pension brokerage platform that uses AI to analyze business data and provide advisory services.
  • Plecto — Boost performance with real-time dashboards and motivate your employees to reach new limits
  • Fenerum — Automate your subscription management and financial operations with automatic billing, automated accounting, expense management, SaaS KPIs, and reporting.
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Anders Thorhauge Sandholm
Angel · Aarhus, Midtjylland, Denmark · 1 investments in Denmark Enterprise Software startups

Anders Thorhauge Sandholm

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Investment focus

  • Industry: Content, Security, Software
  • Stage:Pre-Seed, Seed
  • Geography: Denmark

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $807k–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Coana (acquired by Socket) — Coana's SCA identifies vulnerabilities in open source packages that are genuinely reachable, allowing you to confidently disregard up to 95% false positives.
  • Cernel — Reduce manual work by 90%, launch 10x faster. Automate product data enrichment, media content, and feed optimization for ecommerce at scale.
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Denmark Enterprise Software startups

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 334
  • Round size: Seed $1.8M–$19M; Series A $5.2M–$31M; Series B $10M–$80M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Atlas Bio — Atlas Bio is a biotechnology company that develops a predictive foundation AI model of human biology.
  • MACHENTA — Machenta develops artificial intelligence and robotics software focused on instant learning for robots. The company builds systems that enable robotic platforms to learn manipulation and control tasks rapidly, reducing the need for extensive manual programming or long training cycles. Its software is used to help automated machines adapt to diverse environments and handle complex physical interaction workflows. Machenta operates in robotics and AI software as well as broader information technology services and experimental research on natural sciences and engineering. Its work targets organizations that deploy or develop robotic systems and require advanced learning capabilities integrated into their hardware and infrastructure.
  • Ares Intelligence — Ares Intelligence conducts automated internal interviews across a company's workforce to analyze operational inefficiencies and identify where the business can integrate artificial intelligence effectively.
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SBI Group
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Denmark Enterprise Software startups, 25 in the past 12 months

SBI Group aims to become a corporate entity that provides a variety of one-stop financial services over the Internet now that two major events, the Financial Big Bang resulting from deregulation, and the Internet Revolution resulting from IT innovation, have radically transformed the financial industry.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Series A, Series B, Series C
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 173
  • Round size: Series A $2.8M–$62M; Series B $7M–$54M; Series C $13M–$134M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • GeoDreams — GeoDreams is a clean energy and geothermal technology company focused on next-generation closed-loop geothermal power generation.
  • PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
  • Evernorth — Evernorth is a purpose-built digital asset treasury that gives investors exposure to tomorrow’s markets. The company focuses on XRP, using XRP Ledger infrastructure, DeFi, liquidity, and yield strategies. The company also develops treasury strategies to generate returns from its digital asset holdings.
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Matthew Ryan
Angel · 1 investments in Denmark Enterprise Software startups

Matthew Ryan

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Investment focus

  • Industry: Personalization, Video on Demand, Video Advertising
  • Stage:Pre-Seed
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Accordium — Double your sales pipeline with personalised videos. Accordium helps you 8x their customer engagement, by enabling you to create, share and track personalised videos in direct sales or via sales campaigns. .Videos help salespeople build stronger relationships with their buyers, leading to faster more meetings booked, and more deals closed.Track your prospects behaviour and know when to take action. Follow up when your lead opened your email, clicked links, or watched a video.
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MK Ventures
VC Fund · 1 investments in Denmark Enterprise Software startups

MK Ventures is a venture capital investment.

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Investment focus

  • Industry: B2B, SaaS, Finance
  • Stage:Seed, Post-IPO Equity
  • Geography: India, Denmark

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Portchain — Home Portchain. Portchain Berth Optimization Engine helps terminals that want to increase their quayside profitability by modernising their
  • Niyogin Fintech — Niyogin operates as a non-banking finance company in India. It is involved in loans, finance, and investment, as well as lending and allied activities to micro, small, and medium enterprises.
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Northcap
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

Northcap is a venture capital company that provides funds and support for ICT companies based on the technologies of cloud computing, communications, mobile and mobility, online services, and e-commerce. It funds companies in three stages of development such as seed stage: invests in Danish companies from the first revenue onwards; early stage: invests i companies with a proven business model and a revenue of €1-2 million or more in the Northern part of Europe; and growth stage: invests in well-established Northern European companies with a revenue of €10-25 million. Northcap covers several essential areas of technology businesses development, including strategy, internationalization, sales processes, recruitment of employees, and organization. Northcap is based in Copenhagen, Denmark.

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Investment focus

  • Industry: Software, SaaS, Mobile
  • Stage:Series B, Series A, Venture - Series Unknown
  • Geography: Denmark, United States, Sweden

Investor stats

  • Total investments: 28
  • Round size: Series A $2M–$9M; Series B $4.2M–$20M; Venture - Series Unknown $1.2M–$15M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $87M in 2012

Portfolio highlights

  • Visiopharm — Visiopharm image analysis and stereology software has become the preferred Quantitative Digital Pathology solution for leading biopharmaceutical companies, contract research organizations (CRO), academic medical centers, research institutes, and hospitals all over the world. Recently, Visiopharm has expanded to include ONCOtopix™ Dx a robustsolution for cancer diagnostics with CE-IVD algorithms for the breast panel, integrated LIS driven workflow, and Virtual Double Staining. Their software is featured in over 800 scientific publications, and is compatible with leading slide scanner manufacturers, data management software, and a wide variety of microscopes and cameras.Visiopharm, a privately owned company, was founded in 2001 by the Managing Director, and Chief Executive Officer, Michael Grunkin and the Chief Technical officer, Johan Doré Hansen, who both have a strong scientific and practical background in image analysis.Their company has grown into an international business with over 500 licenses in more than 30 countries. Their growing network of authorized distributors and partners support the growth of Visiopharm solutions on several continents including North America, Europe and Asia. Their headquarters is located in the Medicon Valley of Denmark, with a branch office in the Netherlands, and a North America office in Broomfield, Colorado.
  • Falcon.io — Falcon is your social media marketing platform built on social analytics, engagement and governance for Facebook, Twitter, LinkedIn, and Instagram.
  • GAN Integrity — Streamline compliance with GAN Integrity's ethics and compliance management software. Ensure success with our comprehensive and configurable platform.
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Keepit Group
VC Fund · 1 investments in Denmark Enterprise Software startups

Financial Holding

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Investment focus

  • Industry: SaaS, Cyber Security, Cloud Data Services
  • Stage:Debt Financing
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Keepit — The Keepit Cloud is the most cost-effective solution on the market with 20+ years of experience. Learn more about our next-level data protection services
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Angular Ventures
VC Fund · London, England, United Kingdom · 1 investments in Denmark Enterprise Software startups, 9 in the past 12 months

Angular Ventures is a specialist venture capital firm committed to founders redefining global markets.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Israel, United States, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $2.3M–$8M; Pre-Seed $1.2M–$3.1M; Series A $7M–$45M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Medida AI — Medida is an AI virtual measuring system that provides accurate digitized measurements for home renovation companies.
  • Reco — SaaS Security Leverage Reco's context analysis to streamline SaaS security, minimize data and identity risk, and automate remediation
  • groundcover — Instantly pinpoint bleeding issues in production & troubleshoot quickly with groundcover. All with zero code changes.
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Susan Kimberlin
Angel · San Francisco, California, United States · 1 investments in Denmark Enterprise Software startups

Susan is an angel investor and startup advisor in San Francisco, where she has a front-row seat to an amazing variety of new ventures. She is passionate about making connections and helping people meet their potential. Susan believes that diversity is an essential and under-utilized asset to all businesses. She focuses on enterprise businessesand technology. Her background is in search and natural language processing technology and her operational experience spans product development roles from coding to product management at both startups and Fortune 500 companies like PayPal and Salesforce.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Kenya, Denmark

Investor stats

  • Total investments: 8
  • Round size: Seed $1.5M–$4.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fiifi — fiifi | 151 followers on LinkedIn. portfolio intelligence, simplified | fiifi is founded on the belief that private company investing will continue to have exponential growth, and in order for investors to stay competitive, they need to have better decision making tools. Designed to be the product of choice for analysis of portfolio, deal flow, diligence, group collaboration, workflows, and expedient investing. The software works for scouts, angels, funds, family offices & PE firms.
  • Question Base — Question Base helps customer-facing teams close more deals and support tickets by accessing instant verified answers to their questions in Slack. Powered by AI.
  • Yobs — Record your interviews, accelerate candidate review, coach recruiters and build a fair and rigorous hiring process.
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North-East Venture
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

North-East Venture is an international, multi-stage fund placed in Copenhagen, Denmark. The fund was launched December 1st 2013.

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Investment focus

  • Industry: Fashion, Software, E-Commerce
  • Stage:Venture - Series Unknown, Seed, Pre-Seed
  • Geography: Denmark, United Kingdom, Germany

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$2.3M; Venture - Series Unknown $500k–$3.5M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Rokoko — Rokoko | Affordable high-end motion capture and animation tools for body, hand, and face capture + software with native integrations for all major animation software and game engines
  • SynergyXR — SynergyXR is a no-code, cloud platform that lets companies design, onboard, sell, and support across all XR devices without writing a single line of code
  • Hyme Energy — Making green heat for industry accessible. Always. Hyme's solution supports the decarbonisation of industrial heat at large-scale.
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Zelda Ventures
VC Fund · Portola Valley, California, United States · 1 investments in Denmark Enterprise Software startups

Zelda Ventures is an early stage fund venture capital.

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Investment focus

  • Industry: Artificial Intelligence, B2B, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Denmark

Investor stats

  • Total investments: 8
  • Round size: Seed $2.6M–$7M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2023

Portfolio highlights

  • Eridu — Eridu is a pioneer in AI networking, breaking through the network wall with a leap in radix, throughput, and performance for scale-up and scale-out networks.
  • Jest — The marketplace for messaging games
  • Andromeda Surgical — Empowering surgeons with autonomous precision
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Notion Capital
VC Fund · London, England, United Kingdom · 1 investments in Denmark Enterprise Software startups

Notion Capital is a VC firm focused on European SaaS and Cloud.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 275
  • Round size: Seed $1.1M–$7M; Series A $4.5M–$26M; Series B $7.5M–$60M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Volo Commerce — Volo brings together data and intelligence from all over the commerce ecosystem and uses AI to provide real-time actionable insights.
  • Zattikka — Zattikka Ltd was founded this year by Tim Chaney and Mark Opzoomer. Chaney has worked at the top of the videogame industry for 25 years, engineering two sales of and two MBO's of Virgin Interactive companies. Opzoomer as CEO of Yahoo! Europe and Rambler.com strategised and executed major business turnarounds. Zattikka is a blend of videogame,internet platform/distribution and internet/mobile gaming talent targeting fast track growth via acquisition of development talent and creation of IP.
  • Endra — Endra is a software platform for mechanical, electrical, and plumbing (MEP) engineering that automates the design, modeling, and documentation of building systems. The platform generates 2D and 3D models, calculations, schedules, diagrams, and other engineering documentation from architectural and building design inputs. It supports disciplinessuch as electrical, fire alarm, HVAC, plumbing, and sprinkler system design, and integrates with Autodesk Revit and common CAD and BIM file formats. Endra uses artificial intelligence, simulation, and computational methods to assist with tasks such as system layout, cable routing, device placement, and documentation generation while helping engineers comply with applicable design standards and regulations. The platform is designed for MEP engineers and engineering firms seeking to reduce manual design and documentation work across construction projects.
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West Hill Capital
VC Fund · London, England, United Kingdom · 1 investments in Denmark Enterprise Software startups

West Hill Corporate Finance is a leading private equity venture capital firm providing EIS qualifying high-growth investments to private individuals.

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Investment focus

  • Industry: Software, Health Care, Financial Services
  • Stage:Series A, Seed
  • Geography: United Kingdom, Denmark, Germany

Investor stats

  • Total investments: 59
  • Round size: Seed $2.6M–$5.9M; Series A $2M–$15M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Cercare Medical — Cercare Medical designs and develops a software tool for supporting acute stroke management, helping clinicians to evaluate the effect of a stroke. The software draws up the infarct-area within 30 seconds, locate perfusion area from images within 30 seconds and evaluate mismatch and generate a volume number of salvageable tissue. Cercare Medicalwas incorporated in 2013 under the name Combat Stroke and is based in Denmark.
  • ATLANT 3D — Micro and nanodevices are built and tested within days instead of months or years.
  • Formalize — A Whistleblower Software system made for accountants and lawyers that have clients, the whistleblower software system helps businesses implement a compliant solution that is both secure and transparent. their products are reporting links, case management, partner account they have designed a journey that makes feel safe about the process. AWS ishandling the physical security of the infrastructure, whistleblower software takes the shared responsibility of security between our cloud infrastructure and application seriously.
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Thomas Madsen-Mygdal
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

Thomas Madsen-Mygdal is a Danish designer, entrepreneur and activist behind companies like Mondo, 23, Podio and the reboot festival.

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Investment focus

  • Industry: Software, Health Care, Collaboration
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Denmark, United States, Finland

Investor stats

  • Total investments: 14
  • Round size: Seed $684k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Clue — Track your menstrual cycle with the Clue app, a women-led period and cycle tracker. Get science-based insights, predictions, and personalized tracking.
  • Holvi — A business account you can rely on: accounts, cards, invoicing and bookkeeping preparation, all in one place. Built for freelancers, founders and growing teams across Europe.
  • Somewhere — Somewhere, formerly Support Shepherd. We find you amazing employees who cost 80% less than US equivalents, backed by our 6-month Perfect Hire Guarantee.
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Drew Dennison
Angel · St Louis, Missouri, United States · 1 investments in Denmark Enterprise Software startups

Drew Dennison

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Investment focus

  • Industry: Biotechnology, Health Care, Health Diagnostics
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, Denmark

Investor stats

  • Total investments: 8
  • Round size: Series A $6.9M–$43M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Coana (acquired by Socket) — Coana's SCA identifies vulnerabilities in open source packages that are genuinely reachable, allowing you to confidently disregard up to 95% false positives.
  • Geneoscopy — Geneoscopy is a non-invasive colorectal cancer diagnostic powered by advanced research in computational biology. The company is determined to replace every patient’s least favorite screen: the colonoscopy. Currently there is no test with high enough specificity and sensitivity to allow patients an alternative to the unpleasant, invasivecolonoscopy. Geneoscopy is changing that.It has developed a novel methodology to reliably and consistently extract human RNA transcripts from stool samples and detect changes in gene expression. This provides Geneoscopy a platform to harness the power of RNA to detect, prevent, and guide treatment for gastrointestinal disease. Geneoscopy is currently developing a diagnostic test for the prevention of colorectal cancer and is conducting research on other applications of its technology for tangential indications.
  • AI Proteins — AI Proteins is a biotechnology company that focuses on the design and engineering of synthetic mini protein therapeutics. The company was founded in 2021 and is headquartered in Andover, Massachusetts.
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One Peak
VC Fund · London, England, United Kingdom · 1 investments in Denmark Enterprise Software startups, 6 in the past 12 months

One Peak is a specialist private equity firm investing in growth stage technology and tech-enabled companies. They provide growth capital to exceptional entrepreneurs, with a view to transform innovative and rapidly growing businesses into lasting, category-defining industry leaders.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Series B, Series C, Series A
  • Geography: Germany, United Kingdom, Israel

Investor stats

  • Total investments: 51
  • Round size: Series A $3.7M–$39M; Series B $25M–$60M; Series C $32M–$167M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: Likely still investing — raised $1B in 2022

Portfolio highlights

  • Elliptic — Blockchain analytics for crypto businesses, financial institutions, and regulators to manage financial crime risk in crypto, achieve regulatory compliance, and grow with confidence.
  • groundcover — Instantly pinpoint bleeding issues in production & troubleshoot quickly with groundcover. All with zero code changes.
  • Unleash — Unleash is the FeatureOps Control Plane built for enterprises. Open source, private, and secure. Move fast, stay safe, and keep shipping.
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Lars Seier Christensen
Angel · Jonschwil, Ausser-Rhoden, Switzerland · 1 investments in Denmark Enterprise Software startups

Lars seier Christensen is the chief executive officer of Saxo Bank, an online trading and investment specialist that enables clients to trade forex, CFDs, stocks, futures, options, and other derivatives.

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Venture - Series Unknown, Seed
  • Geography: Denmark, Switzerland, Japan

Investor stats

  • Total investments: 12
  • Round size: Seed $1.7M–$4M; Venture - Series Unknown $1.4M–$22M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Paperflow — Paperflow is a company that developed a cloud-based system that, using artificial intelligence, scans and handles vouchers such as receipts or invoices so that the manual posting is done automatically.
  • Concordium — Layer-1 Proof of Stake Blockchain, sustainable and science-proven with an ID layer to ease regulatory compliance. Fast and real finality with stable and low fees. Built for Defi, NFTs, and the metaverse.
  • Wikifactory — Experience the power of our cloud PDM and collaborative CAD viewer, integrated with on-demand manufacturing. Built for engineers, designed for everyone.
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Vidici Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Denmark Enterprise Software startups

Lovable Generated Project

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 5
  • Round size: Venture - Series Unknown $893k–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cardlay — Build your own white-label card and expense management solution with Cardlay. Our platform helps banks, fleets, and tech partners launch modern spend management solutions fast.
  • ReceiptHero — ReceiptHero: Global digital receipt infrastructure connecting merchants, banks, and consumers. Connect POS systems to banking apps via a single API. Save costs and reduce CO2.
  • Limina Investment Management Solution — Limina supports the asset management industry with modern IBOR, compliance & portfolio management software that optimises processes and portfolio performance.
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Herman Kienhuis
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Denmark Enterprise Software startups

Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digital product development executive, founder of SanomaVentures and Managing Director of KPN Ventures.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: The Netherlands, Finland, Denmark

Investor stats

  • Total investments: 76
  • Round size: Seed $453k–$3.3M; Pre-Seed $797k–$1.7M; Series A $2.3M–$12M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Singa — Turn your computer, mobile or smart TV into a karaoke machine. A huge song library: pop, rock, hip hop and more. Get the free Singa karaoke app today!
  • Fledger — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Contentoo is Europe’s leading platform for content marketing talent built to help rising companies work with the full power of content. We offer a global pool of pre-screened freelance writers, localisation experts, designers, strategists, and many other creatives combined with best-in-class tools to level up your content creation.Visitwww.contentoo.com for more information.
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Nordic Eye Venture Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Enterprise Software startups

International investment firm based in Copenhagen. We come from the North, but we work in the world. We are Fiftyfive Capital.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: United States, Denmark, India

Investor stats

  • Total investments: 42
  • Round size: Seed $950k–$6M; Series A $1.5M–$10M; Venture - Series Unknown $1.3M–$14M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Govly — Govly is building a market network for government contracting, like AngelList for government procurement. Govly connects OEMs, VARs, and prime contract holders in a single network, with real-time opportunities from non-public contract feeds and a suite of tools to streamline the bidding process from discovery to award.Govly empowers businesses bytapping into government opportunities allowing them to monitor, curate, and analyze the federal procurement ecosystem and focus on the opportunities that give the best chance of success.
  • Freightify — Integrated platform for freight rate management, sailing schedules, and freight quotes. Easy rate search to customer management. All in one dashboard.
  • Provenance — Provenance is a software solution for sustainability communications and supply chain transparency.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 1 investments in Denmark Enterprise Software startups

We help the daring build legendary companies from idea to IPO and beyond.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, China, India

Investor stats

  • Total investments: 2614
  • Round size: Seed $1.2M–$14M; Series A $5M–$48M; Series B $11M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Skai — Skai is an AI-powered platform that offers consumer and market insights, strategic planning, omnichannel media activation, testing, and measurement services to brands and retailers. It is the go-to-market engine that enables smarter decisions and better outcomes with actionable intelligence in making customer connections. It includes a suite ofdata-driven products for market intelligence, omnichannel media activation, testing, and measurement, enabling brands and agencies to make predictions, improve strategic planning and drive growth on the most important customer channels.
  • Medallion — Provider credentialing and enrollment reimagined. Accelerate time-to-revenue, stay compliant, and scale provider operations, without adding headcount, through automated credentialing and enrollment.
  • Sourcepulse — Sourcepulse empowers engineering leaders to spot delays early, fix process bottlenecks, and confidently commit to deadlines.
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Enterprise Software Investor funding in Denmark at a glance

Stats across 107 deals from 121 investors.

121
investors
in Denmark Enterprise Software startups
107
deals
in Denmark Enterprise Software startups
$2.5M
median round
in Denmark Enterprise Software startups
43%
lead investors
lead at least one round
19%
Seed
most common funding stage
65/35
VC / Angel
share of investor count

Access all 121 investors in Denmark Enterprise Software startups.

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