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Top 50 Impact VC Funds & Investors in Denmark (June 2026)

The most active venture capital funds investing in Denmark Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Denmark Impact startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
The Footprint Firm
VC Fund
14 Denmark, Spain, Norway Seed, Pre-Seed, Series A Software, Renewable Energy, Energy Management $730k–$18M
Vaekstfonden
VC Fund
9 Denmark, United States, United Kingdom Seed, Pre-Seed Software, Information Technology, SaaS $440k–$4.6M
Export and Investment Fund
VC Fund
8 Denmark, United States, United Kingdom Seed, Series A Software, Biotechnology, Health Care $390k–$84M
UVC Partners
VC Fund
5 Germany, Switzerland, Denmark Series A, Seed, Series B Software, Information Technology, SaaS $2M–$110M
Antler
VC Fund
5 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Transition
VC Fund
4 United States, United Kingdom, Denmark Seed, Series A, Pre-Seed Software, Sustainability, CleanTech $1.6M–$220M
Nupark Accelerace
VC Fund
3 Denmark Seed Solar, Energy, Mobile $588k–$853k
Human Act
VC Fund
3 Denmark Pre-Seed SaaS, Cooking, Software $497k–$1.1M
PSV
VC Fund
3 Denmark, United States, United Kingdom Seed, Pre-Seed Software, Information Technology, SaaS $88k–$4.7M
Yara Growth Ventures
VC Fund
2 Norway, United States, India Series B, Series A, Seed AgTech, Agriculture, FinTech $3.9M–$75M
Vsquared Ventures
VC Fund
2 Germany, United States, Switzerland Seed, Series A Artificial Intelligence, Semiconductor, Manufacturing $4.2M–$74M
Root Ventures
VC Fund
2 United States, Canada, Denmark Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $1.6M–$45M
BackingMinds
VC Fund
2 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $772k–$8.2M
BioInnovation Institute
VC Fund
2 Denmark, Germany, Switzerland Convertible Note, Pre-Seed, Debt Financing Biotechnology, Medical, Health Care $516k–$5.2M
Nefco
VC Fund
2 Finland, Sweden, Denmark Debt Financing, Post-IPO Debt Energy, Sustainability, Energy Efficiency
Giant Ventures
VC Fund
2 United States, United Kingdom, Denmark Seed, Series A, Pre-Seed Software, Artificial Intelligence, Health Care $1.2M–$43M
North-East Family Office
VC Fund
2 Denmark, United States Series B, Seed, Pre-Seed Health Care, Biotechnology, Food Processing $21M–$41M
Rincon Venture Partners
VC Fund
2 United States, Denmark Series A, Seed, Series B Software, SaaS, Analytics $1.5M–$25M
West Hill Capital
VC Fund
1 United Kingdom, Denmark, Germany Series A, Seed Software, Health Care, Financial Services $1.8M–$15M
Innovation Fund Denmark
VC Fund
1 Denmark, United States Grant, Pre-Seed, Seed Software, Biotechnology, SaaS $22k–$1.6M
Helen Ventures
VC Fund
1 Germany, Finland, The Netherlands Seed, Series A, Series B Renewable Energy, SaaS, Energy $932k–$31M
ACME Capital
VC Fund
1 United States, Denmark, Canada Seed, Series A, Series B Software, Health Care, Mobile $1.6M–$70M
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Chemical, Artificial Intelligence, SaaS $1.1M–$3M
Mist Ventures
VC Fund
1 Sweden, Denmark, Saudi Arabia Seed, Series A Software, Information Technology, Artificial Intelligence $2.2M–$8M
New Enterprise Associates
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, Health Care, Biotechnology $5.3M–$103M
Revent
VC Fund
1 Germany, United Kingdom, France Seed, Pre-Seed, Series A Software, Information Technology, Health Care $1M–$31M
VÅR Ventures
VC Fund
1 Denmark, United Kingdom Seed Manufacturing, Biomass Energy, Energy Storage $2.4M–$2.4M
Seed Capital
VC Fund
1 Denmark, United States, United Kingdom Seed, Series A Software, Health Care, SaaS $515k–$17M
Propeller Investments
VC Fund
1 Denmark Series A Nuclear, CleanTech, Clean Energy
Engine Ventures
VC Fund
1 United States, Denmark Seed, Series A Biotechnology, Manufacturing, Medical $5M–$60M
Seaya
VC Fund
1 Spain, France, Mexico Series A, Seed Software, Financial Services, FinTech $1.1M–$30M
EMD Fonden
VC Fund
1 Denmark Seed, Pre-Seed Energy, Finance, Software
Eneco Ventures
VC Fund
1 The Netherlands, Germany, Belgium Seed, Series A Energy, Renewable Energy, Software $110k–$11M
byFounders
VC Fund
1 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Starlight Ventures
VC Fund
1 United States, Finland, Italy Seed, Series A Biotechnology, Energy, Health Care $584k–$100M
Maersk Growth
VC Fund
1 United States, United Kingdom, Denmark Series A, Seed, Series B Logistics, Supply Chain Management, Software $1.3M–$115M
Korys
VC Fund
1 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $3.9M–$110M
DEUTZ AG
VC Fund
1 Denmark Series A Fuel Cell, Manufacturing, Renewable Energy
Tamarack Global
VC Fund
1 United States, Denmark Seed, Series A, Series B Aerospace, CleanTech, Clean Energy $2M–$675M
Momenta
VC Fund
1 United States, Switzerland, Canada Seed, Series A, Series B Software, Artificial Intelligence, Internet of Things $1M–$60M
Kinnevik
VC Fund
1 United States, Sweden, Germany Series B, Series C, Series A E-Commerce, Health Care, FinTech $2M–$200M
Nucleation Capital
VC Fund
1 Sweden, Denmark, United States Series A, Seed, Series B Nuclear, CleanTech, Clean Energy $11M–$45M
Nordic Eye Venture Capital
VC Fund
1 United States, Denmark, India Series A, Seed E-Commerce, Internet, SaaS $800k–$12M
Anorak Ventures
VC Fund
1 United States, Ghana, Kenya Seed, Pre-Seed, Series A Software, Virtual Reality, Information Technology $500k–$50M
Voyager Ventures
VC Fund
1 United States, United Kingdom, Germany Seed, Series A, Pre-Seed Manufacturing, Software, Energy $336k–$55M
Elewit
VC Fund
1 Spain, France, Denmark Seed, Venture - Series Unknown Software, Renewable Energy, Telecommunications $1.1M–$3.3M
Bonfire Ventures
VC Fund
1 United States, Canada, France Seed, Series A, Series B Software, SaaS, Information Technology $2M–$50M
KRING
VC Fund
1 Denmark, Germany Pre-Seed Sports, Fitness, Analytics
Notion Capital
VC Fund
1 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS
Division Q
VC Fund
1 Denmark Seed Fuel, AgTech, CleanTech
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

The Footprint Firm
VC Fund · Copenhagen, Hovedstaden, Denmark · 14 investments in Denmark Impact startups

The Footprint Firm is an advisory and investment company with a sole focus on sustainability.

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Investment focus

  • Industry: Software, Renewable Energy, Energy Management
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Spain, Norway

Investor stats

  • Total investments: 23
  • Round size: Seed $730k–$5.5M; Pre-Seed $775k–$4M; Series A $4.8M–$18M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • FoodOp — Helping chefs cut food costs, reduce admin work, and drive sustainability. Menu planning, procurement, and reporting in one place.
  • LastSwab — LastSwab launched May 2019 through the crowdfunding platform Kickstarter. At $16 a swab, LastSwab is meant to last at least 1,000 uses and is the easy-to-clean, reusable alternative to the abundant waste caused by single-use swabs around the globe. The tip of the swab is made from medical silicone and nylon and comes in a biodegradable case made ofa corn-based material. LastSwab can be easily cleaned using soap and water and is also dishwasher safe. It comes in a standard swab for cleaning and a pointed swab for makeup application. Be the change and #SwabYourHabits.
  • Reel Energy — Reel empowers all companies to procure renewable electricity that makes a real difference for the climate.
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Vaekstfonden
VC Fund · Hellerup, Hovedstaden, Denmark · 9 investments in Denmark Impact 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 canaccompany 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, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 196
  • Round size: Seed $810k–$4.6M; Pre-Seed $440k–$1.2M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Captego — Unique, high-speed field data capture. Empower your inspectors & surveyors with our unique collection app. Benefit from high quality data to automate reports and data insights.
  • LastSwab — LastSwab launched May 2019 through the crowdfunding platform Kickstarter. At $16 a swab, LastSwab is meant to last at least 1,000 uses and is the easy-to-clean, reusable alternative to the abundant waste caused by single-use swabs around the globe. The tip of the swab is made from medical silicone and nylon and comes in a biodegradable case made ofa corn-based material. LastSwab can be easily cleaned using soap and water and is also dishwasher safe. It comes in a standard swab for cleaning and a pointed swab for makeup application. Be the change and #SwabYourHabits.
  • Donkey Republic — Donkey Republic is leading bike share service in Europe with footprint in more than 10 key cities in Europe. We operate our locations with partners, and use custom-branded bikes. Our software backbone is developed by us with unique features that ensure we respect public space with our hub-centric service model. At the same time, we maximizepredictability of bike availability and convenience. We pride ourselves in service innovation.
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Export and Investment Fund
VC Fund · Hellerup, Hovedstaden, Denmark · 8 investments in Denmark Impact startups

Denmark's Export and Investment Fund (EIFO) 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, Series A
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 119
  • Round size: Seed $390k–$11M; Series A $4.7M–$84M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Woba — Woba is a SaaS aiming to support a stress-free work environment and minimise sick leave.
  • Embankment — Dedicated to AIFs. Driven by technology, delivered by domain experts
  • Landfolk — Landfolk is the new marketplace for the special holiday homes that are hidden around the country. We have hand-picked every single cottage, where there are proud and passionate hosts, who love their holiday homes, but also like to share it with others.
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UVC Partners
VC Fund · Munich, Bayern, Germany · 5 investments in Denmark Impact startups

UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 - 10m initially and up to € 20m in total per company.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, Denmark

Investor stats

  • Total investments: 132
  • Round size: Seed $2M–$11M; Series A $5M–$55M; Series B $5.5M–$110M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $57M in 2021

Portfolio highlights

  • Tanso — Tanso aims at making sustainability accounting as integrated, transparent, and verifiable as financial accounting. Tanso Technologies enables industrial companies to become part of the solution to a lower-carbon economy.
  • Reel Energy — Reel empowers all companies to procure renewable electricity that makes a real difference for the climate.
  • Biomatter — Biomatter Designs is pioneering the technologies for generative protein design at the intersection of synthetic biology and AI.
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Antler
VC Fund · Singapore, Central Region, Singapore · 5 investments in Denmark Impact startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1204
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Sapyen — We take the fear out of infertility for men. Test for it at home, without stepping out to the hospital and get personalised health recommendations to improve sperm health and increase your chances of conceiving.
  • Superflex — Elevate your workflow with Superflex, the ultimate Figma-to-code solution. Our AI instantly converts Figma and Image designs into pixel-perfect, production-ready code that meets your standards and boosts team efficiency.
  • One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.
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Transition
VC Fund · London, England, United Kingdom · 4 investments in Denmark Impact startups

Transition, a new climate tech venture capital firm that focuses on Seed and Series A startups recently launched.

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Investment focus

  • Industry: Software, Sustainability, CleanTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Denmark

Investor stats

  • Total investments: 24
  • Round size: Seed $1.6M–$8.3M; Series A $11M–$220M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • UNIGRID — At UNIGRID, we are dedicated to exploring sodium chemistries that are safe, sustainable, and affordable, for stationary energy storage and e-mobility applications.
  • Heat Geek — Heat Geek makes it easy for homeowners to save money on their bills with AI designed, efficient heat pump systems.
  • Reel Energy — Reel empowers all companies to procure renewable electricity that makes a real difference for the climate.
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Nupark Accelerace
VC Fund · Holstebro, Midtjylland, Denmark · 3 investments in Denmark Impact startups

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

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Investment focus

  • Industry: Solar, Energy, Mobile
  • Stage:Seed
  • Geography: Denmark

Investor stats

  • Total investments: 5
  • Round size: Seed $588k–$853k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vaavud — We are a crowdsourced weatherservice. Our mission is to provide high-resolution personalized weather information
  • Delogue — Delogue PLM is a powerful fashion & apparel product development platform that connects brands and suppliers for data-driven decisions. Streamline workflows, ensure accountability, and stay compliant with integrated communication tools. Join over 3800+ brands and supercharge your sustainability agenda with Delogue.
  • Yaneeda — Vil du spille uden om ROFUS? Se vores opdaterede guide til de bedste udenlandske casinoer i 2025 med store bonuspakker, cashback, crypto og lynhurtige udbetalinger.
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Human Act
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Denmark Impact startups

Human Act is a world-wide development organization.

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Investment focus

  • Industry: SaaS, Cooking, Software
  • Stage:Pre-Seed
  • Geography: Denmark

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $497k–$1.1M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • ChefMe — ChefMe is a peer to peer marketplace making it possible and easy to book private chefs and thus changing the way we host dinner parties and socialize over food
  • Contribe.io — Next Generation Sustainability Management System
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PSV
VC Fund · Lyngby, Hovedstaden, Denmark · 3 investments in Denmark Impact 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, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 138
  • Round size: Seed $500k–$4.7M; Pre-Seed $88k–$2.5M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $42M in 2020

Portfolio highlights

  • Viio — Oveo creates cloud-based software that enables any company in any industry to easily discover, manage, optimise and secure all SaaS usage from one platform.We believe employees should be able to enjoy work, be agile, move fast and in turn become more innovative on behalf of the companies they work for. In a subscribed economy a “SaaS-Poweredworkplace” is the enabling foundation to make that vision come true and at Oveo we proud to contribute by making SaaS usage more transparent, manageable and secure. Theircloud-based software enable companies to easily push this transformation and as SaaS adoption continues to skyrocket we will be right here with you - building the platform to manage and optimize the lifecycle of your SaaS applications.
  • Woba — Woba is a SaaS aiming to support a stress-free work environment and minimise sick leave.
  • Legal Monster — Openli makes privacy transparent. Get control of your data processors and keep your DPAs up to date. Build trust and close deals faster all with Openli.
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Yara Growth Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Denmark Impact startups

Yara Growth Ventures is the venture investment team within Yara International ASA. The Yara Growth Ventures team invests in disruptive startups in the agri-food industry globally in order to advance the mission of responsibly feeding the world and protecting the planet. Learn more at www.yaragrowthventures.com

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Investment focus

  • Industry: AgTech, Agriculture, FinTech
  • Stage:Series B, Series A, Seed
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 21
  • Round size: Seed $3.9M–$4M; Series A $5.9M–$21M; Series B $28M–$75M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • Hydrogen Mem-Tech — Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.
  • AZANE Fuel Solutions — AZANE Fuel Solutions develop and deliver bunkering solutions for ammonia fuel, enabling carbon free shipping.
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Access 48,091 investors

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

Browse database — It's Free!
Vsquared Ventures
VC Fund · Munich, Bayern, Germany · 2 investments in Denmark Impact startups

Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities.

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Investment focus

  • Industry: Artificial Intelligence, Semiconductor, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 71
  • Round size: Seed $4.2M–$13M; Series A $15M–$74M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Quantune — Quantune is a deep tech startup in optics and photonics technology. It develops laser spectrometer for continuous and non-invasive health monitoring.
  • Synthara — Synthara is a Swiss semiconductor startup revolutionizing the compute performance of embedded chips by orders of magnitude. We are working on a new breed of energy-efficient computational AI chips that are hand-crafted for smart sensor applications such as hearing aids, wearables, biomedical monitoring, and AR/VR. Our flagship product,ComputeRAM, is a drop-in replacement for conventional SRAM that performs complex calculations directly in memory. This drastically reduces CPU workload, boosting system performance and delivering exceptional efficiency, especially for AI workloads. With ComputeRAM, we help chipmakers and device manufacturers lower costs, shorten time to market, and unlock new opportunities for innovation.
  • Cylib — The cylib process transfers waste from end of life batteries or production scrap into marketable products. Cylib covers all steps from the discharging of batteries up to hydrometallurgical extraction. Since the whole process is in one hand, also the processing of production scraps as well as black mass is possible.
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Root Ventures
VC Fund · San Francisco, California, United States · 2 investments in Denmark Impact startups

Root Ventures is a seed-stage venture capital firm that invests in technical teams working on deep tech. The firm specializes in the fields of financial services, venture capital, and investments. It was founded in 2013 and headquartered in San Francisco, California.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Denmark

Investor stats

  • Total investments: 101
  • Round size: Seed $1.6M–$6.4M; Series A $7.5M–$20M; Series B $20M–$45M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Daily.co — Daily is a WebRTC developer platform. Our APIs let you build video and audio into any application, solving for scaling, media quality and compliant infrastructure. You can add a fully working video call with two lines of code. Our lower-level APIs give you total UI/UX flexibility and global servers where you need them. Start by cloning our sample repos.
  • Privacy Dynamics — Data privacy tools built for analytics engineers and the modern data stack.
  • Superconductive — The team behind Great Expectations.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Denmark Impact startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: SaaS, Software, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 30
  • Round size: Seed $772k–$3.5M; Pre-Seed $820k–$8.2M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Cetasol
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
  • Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.
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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Impact startups

BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup'smission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups.BioInnovation Institute was founded in 2018 and is based in Denmark.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Convertible Note, Pre-Seed, Debt Financing
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 73
  • Round size: Pre-Seed $516k–$5.2M; Debt Financing $549k–$1.4M; Convertible Note $549k–$1.5M
  • Lead/follow: 90% lead, 10% follow

Portfolio highlights

  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • Loma Therapeutics — Loma Therapeutics is developing targeted immunotherapy for the effective and safe treatment of HPV infection, dysplasia, and cancer patients.
  • metaLead Therapeutics — metaLead Therapeutics is to develop this peptide as a next-generation Pb poisoning treatment.
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Nefco
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Denmark Impact startups

Nefco accelerates the green transition by providing risk capital to small and medium-sized projects with positive impact on the environment and climate.

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Investment focus

  • Industry: Energy, Sustainability, Energy Efficiency
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • SolarLab — SolarLab designs and produces solar facades for new and existing buildings.
  • Donkey Republic — Donkey Republic is leading bike share service in Europe with footprint in more than 10 key cities in Europe. We operate our locations with partners, and use custom-branded bikes. Our software backbone is developed by us with unique features that ensure we respect public space with our hub-centric service model. At the same time, we maximizepredictability of bike availability and convenience. We pride ourselves in service innovation.
  • Baseload Capital — At Baseload Capital we dream of a planet in balance with resilient societies that run on renewable geothermal energy.
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Giant Ventures
VC Fund · London, England, United Kingdom · 2 investments in Denmark Impact startups

Giant backs purpose-driven founders building companies that matter.

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $2.4M–$9M; Pre-Seed $1.2M–$6.3M; Series A $10M–$43M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • Flower — We enable the energy system of tomorrow by combining pioneering technology with flexible assets, allowing clean energy to power society
  • Haven Energy — Haven Energy is a climate technology company that is accelerating home energy storage adoption. Haven walks homeowners through the process of selecting, quoting, and financing a home battery system, and then connects them with vetted, qualified electricians to complete the installation. Haven works with homeowners after installation to integratetheir batteries into an aggregated virtual power plant, allowing customers to monetize grid participation and significantly reduce their electricity costs.
  • Ataraxis — Empowering physicians with advanced multi-modal tools to improve treatment selection and patient outcomes.
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North-East Family Office
VC Fund · Hellerup, Hovedstaden, Denmark · 2 investments in Denmark Impact startups

North-East Family Office was etablished in 2013 in Copenhagen by the founders of the global jewelry brand, Pandora. Today Winnie Liljeborg together with her

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Investment focus

  • Industry: Health Care, Biotechnology, Food Processing
  • Stage:Series B, Seed, Pre-Seed
  • Geography: Denmark, United States

Investor stats

  • Total investments: 5
  • Round size: Series B $21M–$41M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Endless West — Endless West is a beverage startup using scientific production methods to create its own original blend of wines and spirits. Its winery uses molecules from plants, animals, and substances for taste, smell, and color and combines them to create sustainable wine without any grapes, yeast, or any kind of fermentation. The company's firstproduct, Glyph, is the first aged-style spirit made using flavor and aroma molecules extracted from more efficient sources in nature. Glyph is made without aging or barreling which means significantly less wood, water, and land is used in its production process.Endless West was founded in 2015 and is headquartered in San Francisco, California.
  • Reel Energy — Reel empowers all companies to procure renewable electricity that makes a real difference for the climate.
  • SNIPR Biome — We are the CRISPR Microbiome Company; Our mission is to develop CRISPR-based medicines that give hope for effective and safe treatment of difficult-to-treat diseases in the future.
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Rincon Venture Partners
VC Fund · Santa Barbara, California, United States · 2 investments in Denmark Impact startups

Rincon Venture Partners seeks to partner with extraordinary entrepreneurs and support them as they build world-class businesses. Rincon is an early-stage venture capital firm that targets investment opportunities in Web-based businesses that are led by 'serial founding teams', have proven recurring revenue models and are pursuingcapital-efficient operating plans. They typically invest in companies where initial product or service development is largely complete, and the company's forward-looking focus is on market engagement and expansion. They take an active role in guiding and supporting portfolio companies by committing resources for such activities as Board representation, providing strategic and tactical guidance, filling key management positions, facilitating subsequent financings and achieving liquidity events.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Series A, Seed, Series B
  • Geography: United States, Denmark

Investor stats

  • Total investments: 82
  • Round size: Seed $1.5M–$4.6M; Series A $1.5M–$11M; Series B $2.3M–$25M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • Medallia Zingle — Zingle, a Medallia company (MDLA), is a software solution that helps businesses communicate with customers via texting and other mobile messaging channels.Zingle allows businesses to engage, support, and respond to customers in the new mobile messaging era. Zingle’s cloud-based platform works on any device and provides all the software tools todeliver an instant, actionable, and seamless customer service experience.By combining the immediacy of chat with the flexibility of mobile, Zingle is enabling businesses to provide the "instant gratification" service that their customers increasingly expect across a number of industries.Zingle pioneered the business messaging space in 2009 by being the first to offer business texting on its patented platform. Today over 2,000 businesses use Zingle, including Hyatt, Whole Foods, Marriott, and ZipCar. Zingle is the only company to offer simple yet powerful technology like messaging workflow, analytics, integrations, and automation. More info: http://www.zingle.com.
  • Qordoba — WRITER is the enterprise AI agent platform trusted by Fortune 500 companies, built to help teams execute and scale on-brand, compliant work.
  • mPulse Mobile — Discover how mPulse's health experience and insights products create consumer-centric journeys for better health outcomes.
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West Hill Capital
VC Fund · London, England, United Kingdom · 1 investments in Denmark Impact 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: 58
  • Round size: Seed $2.6M–$5.9M; Series A $1.8M–$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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Innovation Fund Denmark
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

Innovation Fund Denmark invests in the development of new knowledge and technology creating growth and employment in Denmark. The Fund focuses on societal challenges, strengthens research, and increases innovation commitment within private companies.The Fund provides risk capital that enables cutting-edge initiatives to achieve resultssubstantially impacting the Danish society. Innovation Fund Denmark is also responsible for the future societal partnerships, where companies, universities, and public authorities will work together on challenges facing the society today.

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Investment focus

  • Industry: Software, Biotechnology, SaaS
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Denmark, United States

Investor stats

  • Total investments: 89
  • Round size: Seed $66k–$1.3M; Grant $22k–$1.1M; Pre-Seed $64k–$1.6M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Prezio — Prezio is an electricity tariff data API for Europe. We aggregate, structure, and serve real-time and historical electricity pricing data - spot prices, retail tariffs, and grid fees - so energy applications don't have to build and maintain that data infrastructure themselves. Typical customers are developers and product teams building EVsmart charging, heat pump control, home batteries, and solar optimization tools - anything that needs to know what electricity actually costs, right now or over time, across European markets.
  • SureShot — SureShot empowers you and your audience to become video co-creators. With our cutting-edge AI, capture, edit, and share electrifying videos that amplify the essence of every event.
  • AlterEcho — AlterEcho is redefining aseptic manufacturing by decoupling human operators from cleanroom environments through First-Person View Remote Robotic Embodiment. Instead of direct intervention, operators control precision robotics remotely via first-person-view headsets and motion controllers, maintaining the dexterity and adaptability of humanoversight while eliminating contamination risks. This paradigm shift enables pharmaceutical manufacturers to enhance scalability, optimize facility layouts, and future-proof production against labor shortages and regulatory pressures. Unlike conventional automation, which struggles with edge cases and lengthy validation cycles, AlterEcho keeps human decision-making in the loop while generating the operational data and infrastructure that could enable more autonomous biomanufacturing in the future. A Techstars-backed venture, AlterEcho is not just iterating on aseptic workflows - it’s reengineering the fundamental relationship between humans and pharmaceutical production.
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Helen Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Denmark Impact startups

Helen has signed a service agreement, through which the management of CVC portfolio companies will be transferred to Redstone Nordics starting from June 1, 2025. As part of this change, the Helen Ventures team will join Redstone's expert organization.

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Investment focus

  • Industry: Renewable Energy, SaaS, Energy
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Finland, The Netherlands

Investor stats

  • Total investments: 28
  • Round size: Seed $932k–$5.5M; Series A $5.5M–$21M; Series B $17M–$31M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $55M in 2019

Portfolio highlights

  • Klimate — Science-led, tech-enabled carbon removal strategies for your corporate sustainability journey.
  • Renewabl — Renewabl is the platform that allows companies to meet their decarbonisation targets quickly and efficiently by matching renewable energy certificates directly from hydro, wind and solar on a 24/7-hour basis.
  • Renewcast — Innovating and enhancing short-term and intra-day Wind Power Forecasting
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ACME Capital
VC Fund · San Francisco, California, United States · 1 investments in Denmark Impact startups

ACME Capital is a venture capital and private equity firm that invests in breakthrough technologies that fuel platform shifts and disruptive business models that capitalize on new platforms. Its purpose is to support those founders who choose to take their capital. The firm was founded in 2018 and headquartered in San Francisco, California.

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Investment focus

  • Industry: Software, Health Care, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Canada

Investor stats

  • Total investments: 171
  • Round size: Seed $1.6M–$8.6M; Series A $4.4M–$30M; Series B $15M–$70M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Cue — Cue helps users track their health at the molecular level, revealing the interplay of activity, food, and sleep. Consumers can track 5 key health and lifestyle indicators: inflammation, vitamin D, fertility, influenza, and testosterone in just minutes, at home. Cue sends the data via Bluetooth 4.0 to the user's smartphone, where the free Cueapp reveals the interplay of activity, food, and sleep shaping the user at a molecular level.
  • NexGenT — Launch Your IT Career in Networking or Cyber Security Online With Our Military Grade Inspired Next Generation Training Programs. Go From Zero To Engineer within 6 months! Zero Up Front Tuition Options Available!
  • BoomPop — Work culture resources, virtual event inspiration, team building ideas, and fresh perspectives on the future work, brought to you by the BoomPop team.
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

Design to improve life is about solving real problems, small and large, simple and complex, systemic and emerging and is a life-long pursuit. The Index Project is a call to action. Are you in?

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Investment focus

  • Industry: Chemical, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Chile

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2M; Series A $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Agribuddy — Management of agricultural support application "AGRIBUDDY".
  • CanopyLAB — CanopyLAB is an educational technology company located in Hvidovre, Greater Copenhagen, Denmark. We have built an AI-powered social learning platform for corporate training. Through personalization our platform enables all learners to realize their potential in a way that is fast, fun and future-proof. We call it "The Future of Learning-Delivered Today".We work on two verticals:1. The Canopy A social learning platform powered by AI A research-based social learning platform for developing competencies through individualized and adaptive learning experiences. It is designed with an integrated social network structure to enhance collaborative learning and built on strong Nordic learning principles.2. The LAB A learning community with provocative content Join our global learning community for youth. Take free courses, exchange ideas, gain new knowledge and practice competencies offered by 100 + pioneering NGOs in controversial and often neglected topics such as sexuality, sexual & reproductive rights, climate action, health, and the SDGs.CanopyLAB acquired Peruvian publishing startup Yopublico in April 2020.
  • Destácame — Destacame is the first behavior-based credit score in Latin America.
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Mist Ventures
VC Fund · Lund, Skane Lan, Sweden · 1 investments in Denmark Impact startups

They invest in the pre-seed/seed stages of scalable technology-based companies aiming for large international markets. The business shall be able to operate long term, with a core of future-proof technologies.Mist Ventures invests in technology-based companies (deep tech) based on proprietary technology superior to to competition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, Saudi Arabia

Investor stats

  • Total investments: 9
  • Round size: Series A $2.2M–$8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • BRKZ — BRKZ is a construction-tech company that provides a one-stop solution by selling building materials to contractors and builders.
  • IntuiCell — IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform.
  • Oktogrid — Electrification is taking place at a rate, where conventional methods for inspection, maintenance, and congestion management no longer match the new energy scenario. Distribution transformers are ageing blind spots today with no access to online, real-time performance data. This is because getting access to data is hard. We have solved this problem.
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New Enterprise Associates
VC Fund · Menlo Park, California, United States · 1 investments in Denmark Impact startups

Foundational partners to ambitious founders at every stage of company-building.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1539
  • Round size: Series A $5.3M–$60M; Series B $10M–$80M; Series C $13M–$103M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $2.8B in 2022

Portfolio highlights

  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
  • Allay Therapeutics — SUPPORTING PATIENTS THROUGH EVERY PHASE OF RECUPERATION The first technology designed to deliver weeks of localized pain management
  • Regulus Therapeutics — Regulus Therapeutics Is a biopharmaceutical company leading the discovery of a new class of high-impact medicines based on microRNAs. The discovery of MicroRNA in humans is one of the most exciting scientific breakthroughs in the last decade. MicroRNAs are small RNA molecules, typically 20 to 25 nucleotides in length, that do not encode proteinsbut instead regulate gene expression. It was founded in 2007 and is headquartered in Carlsbad, California.
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Revent
VC Fund · Berlin, Berlin, Germany · 1 investments in Denmark Impact startups

Revent is a tech fund backing purpose-driven founders addressing the biggest challenges of our time.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United Kingdom, France

Investor stats

  • Total investments: 44
  • Round size: Seed $1.9M–$12M; Pre-Seed $1M–$4.7M; Series A $11M–$31M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Farmless — A farmless fermentation platform has the potential to create an entirely new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the ground up," explained Oner. "We are creating a new interface between food and electricity by domesticating microbes chosen for their food properties and abilityto grow on renewable energy-based feedstocks.
  • Powernaut — Powernaut offers a Virtual Power Plant platform enabling energy retailers and power producers to control portfolios, access new markets, and unlock revenue streams from a single workspace with connectivity, forecasting, and trading tools.
  • MAGNOTHERM — MAGNOTHERM is shifting the cooling industry toward safer, cleaner and more efficient alternatives.
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VÅR Ventures
VC Fund · Hellerup, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

VÅR Ventures help founders create sustainable impact.

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Investment focus

  • Industry: Manufacturing, Biomass Energy, Energy Storage
  • Stage:Seed
  • Geography: Denmark, United Kingdom

Investor stats

  • Total investments: 3
  • Round size: Seed $2.4M–$2.4M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Hyme Energy — Making green heat for industry accessible. Always. Hyme's solution supports the decarbonisation of industrial heat at large-scale.
  • Kvasir Technologies — Kvasir is a AI hedge fund set out to enable investors to benefit from the technological innovations in machine and deep learning.
  • Kvasir Technologies — Imagine a world without fossil fuelsThis is where we come in! We have invented a solution that makes this possible already in 2050.
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Seed Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

Seed Capital invests in Danish tech businesses with global ambitions. We are focused on "late seed"-stage companies, typically investing 1-3 MEUR in rounds of 1-6 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, SaaS
  • Stage:Seed, Series A
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 186
  • Round size: Seed $515k–$5M; Series A $3.5M–$17M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $73M in 2021

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.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • Odendo — On Odendo you can make a great deal on exciting products while supporting a good cause
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Propeller Investments
VC Fund · New York, New York, United States · 1 investments in Denmark Impact startups

Bringing Civility Back to Airports - Propeller Airports is dedicated to investing in, developing, and managing airport infrastructure to provide a best-in-class travel experience.

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Investment focus

  • Industry: Nuclear, CleanTech, Clean Energy
  • Stage:Series A
  • Geography: Denmark

Investor stats

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

Portfolio highlights

  • Blue Energy — Blue Energy is a nuclear power plant company that provides reliable, clean, and abundant electricity.
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Engine Ventures
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Denmark Impact startups, 12 in the past 12 months

We invest in Tough Tech founders.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Medical
  • Stage:Seed, Series A
  • Geography: United States, Denmark

Investor stats

  • Total investments: 38
  • Round size: Seed $5M–$8.5M; Series A $20M–$60M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Sora Fuel — Sora Fuel makes affordable, scalable, carbon-negative jet fuel by capturing carbon from the air.
  • Blue Energy — Blue Energy is a nuclear power plant company that provides reliable, clean, and abundant electricity.
  • Terrestrial Bio — Vaxess engineers novel technologies that uniquely engage the human immune system, enabling improved efficacy and simplified access for vaccines and therapeutics.
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Seaya
VC Fund · Madrid, Madrid, Spain · 1 investments in Denmark Impact startups

Seaya is an European VC investing in exceptional entrepreneurs who build global tech companies.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series A, Seed
  • Geography: Spain, France, Mexico

Investor stats

  • Total investments: 100
  • Round size: Seed $1.1M–$10M; Series A $3.7M–$30M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $341M in 2022

Portfolio highlights

  • Adsmurai — Adsmurai presents the solution to plan, launch, measure, and scale your Paid Media campaigns across all platforms.
  • RatedPower — We help companies discover the smartest ways to design utility-scale solar PV plants and maximize their profitability through our software.
  • CrowdFarming — Enjoy seasonal fruits, vegetables, and other farm products straight from European farmers. Fresh, sustainable, and delivered from the farm to your door.
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EMD Fonden
VC Fund · Denmark, South Carolina, United States · 1 investments in Denmark Impact startups

The EMD Foundation has set up a high-performance computer cluster with historical weather data for the entire world.

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Investment focus

  • Industry: Energy, Finance, Software
  • Stage:Seed, Pre-Seed
  • Geography: Denmark

Investor stats

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

Portfolio highlights

  • Oktogrid — Electrification is taking place at a rate, where conventional methods for inspection, maintenance, and congestion management no longer match the new energy scenario. Distribution transformers are ageing blind spots today with no access to online, real-time performance data. This is because getting access to data is hard. We have solved this problem.
  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • Legacy — We make CO2-accounting easy and accessible for smaller companies.
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Eneco Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Denmark Impact startups

Eneco Ventures, the investment arm of Netherlands-based energy innovator, Eneco.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Belgium

Investor stats

  • Total investments: 28
  • Round size: Seed $110k–$3.8M; Series A $1.3M–$11M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • suena — We are revolutionizing the way energy storage and renewables are integrated into power trading. By using cutting-edge forecasting, optimization and algorithmic trading techniques, we're able to reduce risks, maximize as well as stabilize profits on electricity and balancing markets.
  • Energyworx — Energyworx is a software company. It designs and develops software solutions. The Company offers a SaaS-based platform for energy data management and intelligence cloud service disrupting the global energy and utilities market. They help uncover the hidden the value of data by correlating and analyzing the data with a diversity of other datasources. This helps its users to balance and optimize the grid; and reduce losses during transmission and distribution.The company enables organizations to make business decisions with real time data insights. They fuel best of breed products and services in the energy industry. The platform offers other services such as meter data management, social energy app, energy balancing for smart grids, and data hub.Energyworx was founded by Edwin Poot in 2012 and is headquartered in Houten, Utrecht.
  • Fusebox Energy — Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups, 16 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Seed $1.5M–$8M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $117M in 2021

Portfolio highlights

  • Flare — Flare builds infrastructure for a more internet by connecting real-world data with machine learning in a verifiable way.This combines human intelligence with advanced AI to improve the clarity and reliability of information.Its goal is to create a shared, high-quality knowledge foundation that helps people navigate information with confidence.
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — Spiral Hydrogen's mission is to lower the price of green hydrogen below that of fossil hydrogen, so opening up an industry for decarbonization and making hydrogen transportation and heating commercially viable.
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Starlight Ventures
VC Fund · Miami, Florida, United States · 1 investments in Denmark Impact startups

Starlight is a venture capital firm for founders addressing the world’s most pressing challenges & opportunities. We partner early with unstoppable entrepreneurs leveraging breakthrough science and technology to pursue progress at scale in four main areas: the energy transition, industrializing synthetic biology, space technology, and novelcomputing & communications platforms.Starlight was founded in 2017 and is headquartered in Miami, Florida.

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Investment focus

  • Industry: Biotechnology, Energy, Health Care
  • Stage:Seed, Series A
  • Geography: United States, Finland, Italy

Investor stats

  • Total investments: 58
  • Round size: Seed $584k–$8.3M; Series A $10M–$100M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2021

Portfolio highlights

  • Ephos — Designing and manufacturing glass-based integrated photonic circuits that power the most advanced classical and quantum devices
  • Ammobia — Ammobia's advanced reactor technology enables economical ammonia production at any scale. 50% lower CapEx, 10-40% lower costs for fuel, fertilizer, and energy.
  • Commonwealth Fusion Systems — The fastest path to clean, limitless fusion energy.
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Maersk Growth
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

Integrated logistics company and global leader in container shipping.

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Investment focus

  • Industry: Logistics, Supply Chain Management, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Denmark

Investor stats

  • Total investments: 77
  • Round size: Seed $1.3M–$4.8M; Series A $11M–$22M; Series B $15M–$115M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Ofload — Ofload connects road freight to thousands of reliable carriers and manages it through technology. This means less waste and more data. Start hauling and shipping with us today!
  • Fleetzero — Fleetzero is a marine technology company that sells electric and hybrid marine propulsion systems for new and existing commercial vessels.
  • WasteFuel — WasteFuel produces renewable fuels using proven technologies to address the climate emergency and revolutionize mobility.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 1 investments in Denmark Impact startups

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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Investment focus

  • Industry: Biotechnology, Renewable Energy, Information Technology
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 44
  • Round size: Series A $3.9M–$110M; Series B $6.4M–$41M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Trunkrs — Wij leveren pakketten tussen 17:00 & 22:00, Sneller, groener en vriendelijker. Same Day & Next Day bezorging door heel Nederland en Vlaanderen.
  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
  • Commit Biologics — Add a description for facebook
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DEUTZ AG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 1 investments in Denmark Impact startups

Founded in 1864, DEUTZ AG was the world's first engine company. Today, DEUTZ is still one of the world's leading independent engine manufacturers DEUTZ offers a broad spectrum of liquid-cooled and aircooled engines with capacities ranging from 25 kW to 520 kW, which are used in construction equipment, agricultural machinery, commercialvehicles, rail vehicles and ships. People all over the world can tell you what the DEUTZ brand represents. After all, wherever DEUTZ engines are deployed, our customers know one thing for sure: they can rely on their DEUTZ engines. No matter how challenging the requirements are. No matter at what latitude. The DEUTZ brand is a firmly established player in the equipment manufacturing and operating industry – and has been for 150 years. In 2014, DEUTZ AG is celebrating its 150th anniversary in style. We want to invite you on a journey through time, a journey that will take you not only back into the past but also forward to the future. Be a part of this special occasion. Discover the origins of engine history, send a virtual greeting from 1864 and help to write part of DEUTZ's history yourself, for example by signing our visitor book.

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Investment focus

  • Industry: Fuel Cell, Manufacturing, Renewable Energy
  • Stage:Series A
  • Geography: Denmark

Investor stats

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

Portfolio highlights

  • Blue World Technologies — Blue World Technologies accelerates the green transition by enabling the use of renewable methanol through high efficient fuel cells.
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Tamarack Global
VC Fund · New York, New York, United States · 1 investments in Denmark Impact startups

Tamarack Global operates as an investment firm that invests in new markets and new economies. The frim specializes in the fields of finance, financial services, and hedge funds.

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Investment focus

  • Industry: Aerospace, CleanTech, Clean Energy
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark

Investor stats

  • Total investments: 26
  • Round size: Seed $2M–$47M; Series A $10M–$105M; Series B $20M–$675M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • EARTH AI — Earth AI is a high-performance explorer for clean energy minerals. We turbocharge metals exploration to build the electric future.
  • Genies — Genies empowers anyone to create AI characters, fashion, props, and experiences with UGC tools. The Avatar Framework and creation tools enables developers, talent, and IP to generate and deploy engine-ready AI characters.
  • Moxion Power — Good Energy. Radical Power.
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Momenta
VC Fund · Engelberg, Obwalden, Switzerland · 1 investments in Denmark Impact startups

Momenta is the leading Industrial Impact® venture capital firm, accelerating industrial innovators across energy, manufacturing, smart spaces, and the supply chain. For over a decade, our team of deep industry operators has helped scale industry leaders and innovators to improve critical industries, the environment, and people's quality oflife. PitchBook has ranked Momenta as one of the ten best-performing venture capital firms for 2023 in its prestigious Global Manager Performance Score League Tables, and the firm is the only European-headquartered VC to secure a Top 10 spot on the list.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet of Things
  • Stage:Seed, Series A, Series B
  • Geography: United States, Switzerland, Canada

Investor stats

  • Total investments: 84
  • Round size: Seed $1M–$5.3M; Series A $2.9M–$23M; Series B $21M–$60M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Agtonomy — Smart Automation Made Simple
  • Composabl — Composabl is a platform for creating industrial-strength, skill-based agents that work in real life. Composabl agents can control manufacturing equipment or make decisions for manufacturing and logistics processes.
  • Overview.ai — Deploy deep learning vision inspection in days. Train models in hours with 10x fewer images. Edge-computing cameras achieve 99.9%+ accuracy on micron-level defects.
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Kinnevik
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Denmark Impact startups

Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emergingmarkets.Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.

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Investment focus

  • Industry: E-Commerce, Health Care, FinTech
  • Stage:Series B, Series C, Series A
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 161
  • Round size: Series A $2M–$50M; Series B $21M–$153M; Series C $40M–$200M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Spring Health — Eliminating barriers to mental healthcare. Clinically-proven technology with world-class providers to deliver precisely what your employees need.
  • Global Fashion Group — Global Fashion Group (GFG) is the leading fashion and lifestyle destination in LATAM, SEA & ANZ.
  • Encube Technologies — Encube's AI-powered 3D industrialization platform helps hardware teams reduce production costs and cut time-to-market by half. Discover how.
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Nucleation Capital
VC Fund · Menlo Park, California, United States · 1 investments in Denmark Impact startups

Nucleation Capital is a venture capital firm. it seeks to invest in advanced nuclear and deep decarbonization sectors.

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Investment focus

  • Industry: Nuclear, CleanTech, Clean Energy
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 7
  • Round size: Series A $11M–$45M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Blykalla — Blykalla is developing and building small modular reactors to deliver the next generation of clean energy. We take leading research to industrialization through our Swedish Advanced Lead Reactor (SEALER).
  • Nuclearn — Nuclearn is a software company delivering AI solutions for automating Nuclear Industry tasks.Nuclearn was established in 2020 by two esteemed veterans from the nuclear industry, Jerrold Vincent and Bradley Fox, driven by their passion for innovation. With backgrounds in nuclear engineering, business intelligence, and process improvement, theco-founders came together to create the industry's pioneering in-house data science team at the Palo Verde Nuclear Generating Station in 2016.Their remarkable work quickly gained recognition throughout the nuclear sector, resulting in a US-issued patent and the prestigious NEI Best of the Best, Top Innovative Practice Award in 2020. Fueled by this innovative spirit and a mission to benefit the entire nuclear power industry, Nuclearn was born to provide a safe and efficient way to automate critical processes in the field.
  • Aalo Atomics — Creating abundant and dependable clean energy to power humanity for generations.
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Nordic Eye Venture Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

International venture capital 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: E-Commerce, Internet, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Denmark, India

Investor stats

  • Total investments: 35
  • Round size: Seed $800k–$6M; Series A $1.5M–$12M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Provenance — Provenance is a software solution for sustainability communications and supply chain transparency.
  • Coinify — Coinify offers a plug'n'play solution for your business to accept crypto currency payments and have it settled in your local currency (or in crypto). We also offer a widget which enables your customers to buy and sell crypto seamlessly. We even take care of everything backstage like liquidity, ch
  • Underlining — Underlining a beauty and wellness company that creats innovative products across multiple beauty verticals.
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Anorak Ventures
VC Fund · San Francisco, California, United States · 1 investments in Denmark Impact startups

Anorak Ventures is a venture capital firm based in San Francisco investing in seed-stage technology companies.

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Investment focus

  • Industry: Software, Virtual Reality, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Ghana, Kenya

Investor stats

  • Total investments: 117
  • Round size: Seed $1.1M–$7.6M; Pre-Seed $500k–$5.3M; Series A $4M–$50M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2017

Portfolio highlights

  • Birdstop — Fully automated aerial imaging on your field assets through AI powered drones.
  • Prisms VR — The new paradigm for math education. Learn math through movement, experience, and meaningful discovery.
  • Heaviside Industries — Heaviside Industries is a defense technology company that develops autonomous precision munitions for land, air, and sea systems.
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Voyager Ventures
VC Fund · San Francisco, California, United States · 1 investments in Denmark Impact startups

Accelerating the creation of a sustainable future.

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Investment focus

  • Industry: Manufacturing, Software, Energy
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 38
  • Round size: Seed $3.1M–$13M; Pre-Seed $336k–$4.3M; Series A $5.2M–$55M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Packfleet — We serve millions of Londoners, combining a top-notch delivery service with advanced technology to offer a carbon-neutral delivery experience like no other.
  • Cache Energy — Cache Energy is developing energy storage technology that is non-toxic, non-flammable, and a fire retardant for easy transportation.
  • ANNEA — ANNEA help renewable energy companies to reduce OPEX by up to 50% while increasing green energy production by up to 15%.ANNEA provides the next generation of condition-based predictive maintenance and underperformance detection for renewable energy assets. It enables automated drive train vibration analysis, based on cutting edge artificialintelligence, physical modelling, and normal behaviour modelling.Operators receive notifications about future failures up to 12 months in advance, containing detailed information on which component has a problem, the root cause of the problem, and the best time window for repair. Besides, ANNEA detects underperformance of renewable assets and helps to maximise energy production.We optimise operations and maintenance across renewable energy sectors, reducing unplanned downtime and lost profit significantly, making green energy more affordable. Let's accelerate the energy transition together!
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Elewit
VC Fund · Madrid, Madrid, Spain · 1 investments in Denmark Impact startups

Elewit is a technological platform that promotes innovation in the areas of energy transition and connectivity. It develops the analytical, prescriptive, and cognitive capabilities of the business. Elewit collaborates on the commercialization of SAGA.

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Investment focus

  • Industry: Software, Renewable Energy, Telecommunications
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, France, Denmark

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$3.3M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Zeleros — Leaders in the development of hyperloop technologies, we are your new electrification & automation partner in the mobility sector.
  • Stellar — At Stellar we bring perfect internet on the move to vehicles and passengers, leveraging the combined strength of cellular, wi-fi, and satellite networks, through AI and fully integrated solutions. We offer SaaS, data plans, and all-inclusive options for enterprise connectivity needs on the move.
  • unusuals — We are unusuals. We are AI. We are automatic detection. Take control of your infrastructure and start saving by unlocking visual data potential.
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Bonfire Ventures
VC Fund · Santa Monica, California, United States · 1 investments in Denmark Impact startups, 11 in the past 12 months

Bonfire Ventures leads Seed rounds for business software solutions company founders transforming the industries they target.

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Investment focus

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

Investor stats

  • Total investments: 147
  • Round size: Seed $2M–$9M; Series A $5M–$25M; Series B $15M–$50M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Odynn
  • Juno — Juno offers automation for modern tax firms, focusing on research, preparation, review, and advisory services. The software includes structured tax review features that ensure consistent checks and enhance quality control in tax preparation processes.
  • Ranger AI — Discover how Ranger RFX simplifies proposals with innovative tools designed for manufacturers. Improve accuracy, reduce downtime, and achieve cost savings today.
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KRING
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Impact startups

We build and invest in ventures with bold entrepreneurs and corporates, all dedicated to building a positive future. Become a founder / Submit your pitch!

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Investment focus

  • Industry: Sports, Fitness, Analytics
  • Stage:Pre-Seed
  • Geography: Denmark, Germany

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • aescolab — aescolab analyzes the blood values ​​that are most important for your professional life, your sporting activities, your daily routine, and your family life.
  • Ejendom.com — Ejendom.com offers a platform on operation,renovation and CO2 calculations to make the right sustainable and economic decision for property.
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Notion Capital
VC Fund · London, England, United Kingdom · 1 investments in Denmark Impact 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: 250
  • Lead/follow: no public data

Portfolio highlights

  • HeyJobs — Intelligent recruiting | more hires with performance marketing | only qualified candidates | fast recruiting success | over 1,500 companies use HeyJobs to find employees
  • Wercker — Industry leading container registry, for organizations to manage Docker images, perform vulnerability analysis, and manage access via fine-grained access control.
  • Isembard — Isembard has experience from the military, government, large enterprises, and a successfully exited technology business.
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Division Q
VC Fund · Monster, Zuid-Holland, The Netherlands · 1 investments in Denmark Impact startups

Division Q ontwikkeld samen met haar partners technische innovaties om de glastuinbouwsector te verduurzamen.

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Investment focus

  • Industry: Fuel, AgTech, CleanTech
  • Stage:Seed
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • NitroVolt — NitroVolt: the next generational step of sustainable ammonia.
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Impact VC funding in Denmark at a glance

Stats across 145 deals from 145 investors.

145
investors
in Denmark Impact startups
145
deals
in Denmark Impact startups
$3.6M
median round
in Denmark Impact startups
57%
lead investors
lead at least one round
24%
Seed
most common funding stage

Access all 145 VC funds in Denmark Impact startups.

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