# Ugly Duckling Ventures

> Ugly Duckling Ventures is a VC fund in Copenhagen backing Software and Information Technology. See 20 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Copenhagen, Denmark
- Total investments: 20
- Last investment: Jun 2026
- Lead investor: 60%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/uglyduckling-ventures/
- X (Twitter): https://twitter.com/uglyducklingvc
- Website: https://www.uglyduckling.ventures/

Ugly Duckling Ventures is a VC fund in Copenhagen focused on Software and Information Technology. Ugly Duckling Ventures make capital, know-how, and real-world application available to Nordic ventures at the seed & pre-seed stage.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $876k–$5.5M |
| Pre-Seed | $917k–$1.7M |
| Venture - Series Unknown | $1.1M–$7.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 30% |
| Information Technology | 6 | 30% |
| Artificial Intelligence | 5 | 25% |
| Cyber Security | 2 | 10% |
| Information Services | 2 | 10% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 40% |
| Pre-Seed | 7 | 35% |
| Venture - Series Unknown | 2 | 10% |
| Series A | 1 | 5% |
| Funding Round | 1 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Denmark | 11 | 55% |
| Sweden | 1 | 5% |
| Finland | 1 | 5% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Skyfora | Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies. | $7.5M | Venture - Series Unknown | Jun 09, 2026 |  |
| P-Secure | P-Secure is a software company that provides a secure platform for businesses to conduct legally required background checks on employees, consultants, and suppliers. Its solution complies with regulations and serves industries including airports, energy, transport, telecom, research, and defense. | $2.1M | Seed | May 22, 2026 |  |
| Financial News Systems | Founded in 2024, FNS trains specialised AI models that extract news and data from financial press releases and regulatory filings, delivering it with “zero latency” to professional investors and analysts. | $1.7M | Pre-Seed | Mar 30, 2026 |  |
| Velatir | Velatir deliver AI-native security and compliance solutions that help enterprises safely adopt and scale intelligent agents. | $1.6M | Pre-Seed | Feb 04, 2026 |  |
| Cytely | Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years. | $3.5M | Seed | Oct 22, 2025 |  |
| Moxso | Moxso aims to minimize human risk by providing specialized services to various sectors. Their managed service model combines automation with personalized human interaction to deliver customized, adaptive training solutions. | $5.5M | Seed | Aug 29, 2025 |  |
| P-Secure | P-Secure is a software company that provides a secure platform for businesses to conduct legally required background checks on employees, consultants, and suppliers. Its solution complies with regulations and serves industries including airports, energy, transport, telecom, research, and defense. | $3.4M | Seed | Jul 31, 2025 |  |
| Pentimenti | Pentimenti is a Copenhagen-based AI platform that transforms how enterprises respond to RFPs, tenders, and proposals. Unlike legacy proposal tools that help humans find and reuse past content, Pentimenti uses autonomous AI agents built on a ReAct (Reasoning + Acting) architecture to reason through complex RFPs, plan response strategies, andgenerate comprehensive proposal content with minimal human involvement.Founded in 2023, Pentimenti automates up to 85% of proposal content, reduces subject matter expert involvement to two touchpoints, and delivers approximately 40% productivity gains for proposal teams. The platform serves enterprise customers across Denmark and Northern Europe, including organizations in IT services, construction, civil engineering, staffing, and consulting.Pentimenti raised a pre-seed round from Ugly Duckling Ventures and is currently raising a seed round to accelerate European expansion. | $916.9K | Pre-Seed | Apr 28, 2025 |  |
| Clock & Cloud | AI-driven platform delivering actionable geopolitical intelligence for proactive decision-making and enhanced business security | $1.6M | Pre-Seed | Mar 27, 2025 |  |
| Skyfora | Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies. | $4.2M | Seed | Mar 03, 2025 |  |

10 of 20 investments shown.

## Co-investors
- [Export and Investment Fund](https://shizune.co/investors/profile/export-and-investment-fund) — VC Fund, 4 deals together
- [Chr. Augustinus Fabrikker](https://shizune.co/investors/profile/chr-augustinus-fabrikker) — VC Fund, 2 deals together
- [D2 Fund](https://shizune.co/investors/profile/double-down) — VC Fund, 2 deals together
- [European Innovation Council](https://shizune.co/investors/profile/european-innovation-council) — VC Fund, 2 deals together
- [Final Frontier (Space & Defence VC)](https://shizune.co/investors/profile/final-frontier-9365) — VC Fund, 2 deals together
- [Icebreaker.vc](https://shizune.co/investors/profile/icebreaker-vc) — VC Fund, 2 deals together

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### Similar stage
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### Similar country
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## FAQ

### What does Ugly Duckling Ventures invest in?

Ugly Duckling Ventures invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Seed and Pre-Seed stage. Most of the 20 investments tracked by Shizune back companies in Denmark. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ugly Duckling Ventures's check size?

Ugly Duckling Ventures typically joins rounds of $876k–$5.5M at Seed, $917k–$1.7M at Pre-Seed and $1.1M–$7.5M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ugly Duckling Ventures participates in.

### When did Ugly Duckling Ventures last invest?

The most recent investment recorded for Ugly Duckling Ventures closed in Jun 2026. Shizune tracks 20 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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