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Top 15 Retail VC Funds & Investors in Denmark (October 2026)

The most active venture capital funds investing in Denmark Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Denmark Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
CVX Ventures
VC Fund
5 Denmark, Sweden, Norway Seed, Pre-Seed, Angel Manufacturing, SaaS, Gaming $44k–$5.5M
People Ventures
VC Fund
2 Denmark, Sweden, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $1M–$21M
PSV
VC Fund
2 Denmark, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $307k–$4.6M
Dawn Capital
VC Fund
1 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
Seed Capital
VC Fund
1 Denmark, United States, United Kingdom Seed, Venture - Series Unknown Software, Health Care, Information Technology $508k–$5.5M
Eutopia VC
VC Fund
1 France, Belgium, Denmark Seed, Series A, Venture - Series Unknown E-Commerce, Retail, Food and Beverage $1.3M–$48M
The Aventures
VC Fund
1 Denmark, United States, Norway Seed, Pre-Seed, Series B Financial Services, FinTech, Blockchain $600k–$75M
Nordic Foodtech VC
VC Fund
1 Finland, Denmark, Sweden Seed, Pre-Seed, Series A Biotechnology, Food and Beverage, Life Science $610k–$18M
Vaekstfonden
VC Fund
1 Denmark, United States, United Kingdom Seed, Venture - Series Unknown Software, Information Technology, SaaS $899k–$23M
Burda Principal Investments
VC Fund
1 United States, Germany, United Kingdom Series B, Series A, Series C E-Commerce, Internet, Fashion $5M–$200M
Unico Partners
VC Fund
1 France, Denmark Seed SaaS, Retail, Fashion $535k–$1.9M
Bestseller
VC Fund
1 Denmark, Germany, United States Series B, Corporate Round, Venture - Series Unknown Fashion, E-Commerce, Retail $11M–$36M
Export and Investment Fund
VC Fund
1 Denmark, United States, United Kingdom Seed, Series A Software, Biotechnology, Health Care $390k–$84M
Dreamcraft Ventures
VC Fund
1 Denmark, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $500k–$16M
Nordic Eye Venture Capital
VC Fund
1 United States, Denmark, India Series A, Seed, Venture - Series Unknown Software, E-Commerce, SaaS $950k–$14M
Access all 47 VC funds in Denmark Retail startups.

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Investor list

CVX Ventures
VC Fund · Köpenhamn, Vasternorrlands Lan, Sweden · 5 investments in Denmark Retail startups

Together with our partners, we invest capital and skills in the most promising growth companies and make a difference for Nordic businesses.

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Investment focus

  • Industry: Manufacturing, SaaS, Gaming
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Norway

Investor stats

  • Total investments: 84
  • Round size: Seed $100k–$5.5M; Pre-Seed $44k–$2.3M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Bookboost — Communicate with your guests without any effort and across the entire guest journey. Our Multi-Channel CRM and Unified Inbox are here to help you enhance your guest experience.
  • Hili — Hili is a financial service company that provides cash in return for a share in the homeownership.
  • TastyUrban — TastyUrban is in the process of developing a new generation of restaurant usage and strategy.
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People Ventures
VC Fund · Taastrup, Hovedstaden, Denmark · 2 investments in Denmark Retail 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, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Sweden, United States

Investor stats

  • Total investments: 37
  • Round size: Seed $1.1M–$4M; Pre-Seed $1M–$1.6M; Series A $3.5M–$21M
  • Lead/follow: 62% lead, 38% 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.
  • Opally — Opally's AI agents answer guest emails, chats and calls in seconds, in your hotel's own voice, with live rates and availability. Used by 50+ hotels.
  • 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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PSV
VC Fund · Lyngby, Hovedstaden, Denmark · 2 investments in Denmark Retail 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 $500k–$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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Dawn Capital
VC Fund · London, England, United Kingdom · 1 investments in Denmark Retail startups

Dawn Capital is an early-stage venture fund focused on investing in the enterprise software and FinTech sectors. It provides capital and counsel to support founders to scale their business’s growth through talent, products, and business models to become category-defining, global companies. The firm is powered by cloud computing, ever-lowering barriers to entry and multi-player categories are changing the way people live and work. As this innovation continues, with the growth of AI and no-code applications, the investment opportunities in Dawn’s area of expertise continue to increase. Its portfolio companies include Mimecast, iZettle, Neo Technology, iControl, Showpad, and Gelato Group. Dawn Capital was founded by Haakon Overli and Norman Fiore in August 2006 and is based in London, United Kingdom.

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Investment focus

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

Investor stats

  • Total investments: 154
  • Round size: Series A $3M–$39M; Series B $9.8M–$61M; Series C $15M–$101M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Cortea — Purpose-built AI grounded in auditing standards. Consistent, defensible audits every time. Trusted by DHPG and Mazars.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • Inforcer — Standardize Microsoft 365 security policies across multiple tenants with ease using inforcer. Gain visibility, upsell security offerings, increase compliance and reduce risk. Book a demo now!
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Seed Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Retail 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
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $508k–$5.5M; Venture - Series Unknown $580k–$5.1M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $74M in 2021

Portfolio highlights

  • abeo — RCM healthcare services, medical billing, and revenue cycle management solutions for hospitals, health systems, ASCs, and physician practices nationwide.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • 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
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Eutopia VC
VC Fund · Paris, Ile-de-France, France · 1 investments in Denmark Retail startups

Eutopia is a fund for consumer startups. We back founders who are rethinking the way we eat, shop, sleep and feel. We are backing 26 startups

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Investment focus

  • Industry: E-Commerce, Retail, Food and Beverage
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: France, Belgium, Denmark

Investor stats

  • Total investments: 16
  • Round size: Seed $2.4M–$10M; Series A $4M–$48M; Venture - Series Unknown $1.3M–$9.4M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $45M in 2019

Portfolio highlights

  • Bastille — Bastille is a brand of urban bicycles. The Astir brand is synonymous with folding bicycles. The primary quality constraint Bastille, a British designer, aims to create a folding motorcycle with standard wheels rather than the mini 16-inch wheels that are traditionally associated with folding bikes.
  • Moderato — Moderato is a retail and wholesale company that manufactures and supplies a range of beverages online to various sectors.
  • SPRiNG Collective — SPRiNG is a consumer goods company that offers clean and efficient laundry and cleaning products, delivered in a 100% plastic-free box and directly in the mailbox. The company is headquartered in Paris, Ile-de-France, France by Philippe Cantet, Laure Favre, and Ben Guerville in 2017.
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The Aventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Retail startups

The team comes from heavy tech oriented background such as Cloud Infrastructure, Data Science, Theoretical Physics, Machine Learning, Software Development and Business development. We like to brand ourselves as "the nerds" in the tech space. We speak the same technical language as the founders and like to be an active part in the venturewe enter, depending on the needs of the founders. Our thesis is that we are building bridge spanning over the knowledge gap between deeptech founders and traditional investors.

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Investment focus

  • Industry: Financial Services, FinTech, Blockchain
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 17
  • Round size: Seed $635k–$2M; Pre-Seed $600k–$2.5M; Series B $75M–$75M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Muon Vision — Maximize your mining recovery and safety with our subsurface intelligence technology. We provide muon tomography for mining to deliver 4D continuous monitoring of heap leach pads, tailings dams, and underground cavities.
  • Kin, Personal AI — Get inspired, talk things through, navigate situations or get personalized guidance with Kin. Built for privacy, security, and with memory in mind.
  • Hyphen - Personal AI made private — Get inspired, talk things through, navigate situations or get personalized guidance with Kin. Built for privacy, security, and with memory in mind.
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Nordic Foodtech VC
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Denmark Retail startups

We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food

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Investment focus

  • Industry: Biotechnology, Food and Beverage, Life Science
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 32
  • Round size: Seed $610k–$5.6M; Pre-Seed $880k–$1.9M; Series A $6.8M–$18M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely actively investing — fresh fund, raised $42M in 2024

Portfolio highlights

  • OlsAro — OlsAro produces salt-tolerant crops.
  • MÖ Foods — MÖ Kaurajogu is domestic, completely herbal and above all delicious. All our products are manufactured in Central Ostrobothnia, Lohtaja.
  • AquaNab Solutions — AquaNab is a biotechnology startup developing precision immunotherapies for aquaculture. The company's core platform uses alpaca-derived nanoantibodies (called AquaNabs) formulated directly into fish feed. This approach allows the therapeutic molecules to cross the fish's intestinal barrier and target pathogens from the bloodstream.
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Vaekstfonden
VC Fund · Hellerup, Hovedstaden, Denmark · 1 investments in Denmark Retail 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
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 227
  • Round size: Seed $899k–$4.9M; Venture - Series Unknown $1.2M–$23M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $343M in 2023

Portfolio highlights

  • TeesuVac — TeesuVac is a maker of designs, develops, and manufactures biopsy gun for taking precise breast and prostate sample tissue.
  • 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.
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Burda Principal Investments
VC Fund · Munich, Bayern, Germany · 1 investments in Denmark Retail startups

Burda Principal Investments (BPI) is a division of Hubert Burda Media which provides long term growth equity for fast growing digital technology and media companies.

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Investment focus

  • Industry: E-Commerce, Internet, Fashion
  • Stage:Series B, Series A, Series C
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Series A $5M–$27M; Series B $6.2M–$200M; Series C $16M–$70M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Moneybox — Moneybox is the simple way to save, invest, buy your first home, and combine your old pensions - all with one award-winning app. Download now.
  • Revibe — Buy refurbished & used electronics (Smartphones, Laptops) in UAE at Revibe. Free delivery & 12 months warranty. Certified tech by our experts. Order Now!
  • welevel — Building games with attitude
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Unico Partners
VC Fund · Paris, Ile-de-France, France · 1 investments in Denmark Retail startups

Unico takes equity stakes in start-ups or SMEs with high potential and makes available to investees the trans-disciplinary expertise of its founders (operations, technology , digital, busdev, financial engineering, HR, ...).

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Investment focus

  • Industry: SaaS, Retail, Fashion
  • Stage:Seed
  • Geography: France, Denmark

Investor stats

  • Total investments: 4
  • Round size: Seed $535k–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sitowie — Sitowie develops SaaS technology and tools to understand the degradation of buildings.
  • Capsule — CAPSULE wardrobe app I rediscover your wardrobe I style and create outfits I follow wardrobes for styling inspiration
  • Tresorio — Tresorio's cloud services provide an environmentally friendly and cost-effective solution for compute-intensive tasks and projects. Tresorio enables creators, developers, gamers, miners, and all of you to access more computing power and data storage space by deploying its DigHeat network and providing simple and affordable solutions. Tresoriocombines infrastructure and software expertise to provide a responsible and self-sufficient cloud alternative.
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Bestseller
VC Fund · Oslo, Oslo, Norway · 1 investments in Denmark Retail startups

Start your new career today

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Investment focus

  • Industry: Fashion, E-Commerce, Retail
  • Stage:Series B, Corporate Round, Venture - Series Unknown
  • Geography: Denmark, Germany, United States

Investor stats

  • Total investments: 13
  • Round size: Series B $11M–$36M; Venture - Series Unknown $11M–$15M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • matterr — matterr is the developer of plastic recycling technology designed for colored bottles, multi-layer packaging, and polyester textiles.
  • SoftWear Automation — SoftWear Automation, Inc. is an Atlanta-based machine vision and advanced robotics startup disrupting the $1.1 trillion apparel and textile industry. The company’s revolutionary, patented, fully-automated Sewbot technology was developed over nine years of R&D in collaboration with Georgia Tech and funding from DARPA, the Walmart Foundation,and Private Venture Capital.
  • Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.
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Export and Investment Fund
VC Fund · Hellerup, Hovedstaden, Denmark · 1 investments in Denmark Retail 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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Dreamcraft Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Retail startups

Seed-to-A engineers. We invest in techdriven companies in the Nordics and Europe.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Seed $1M–$4.3M; Pre-Seed $500k–$3.1M; Series A $10M–$16M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • ParlayX — ParlayX is a non-custodial institutional trading infrastructure built for prediction markets.
  • Zellify — Create high-converting onboarding flows outside the App Store. Launch no-code funnels, run A/B tests, and turn web traffic into mobile subscriptions
  • Pie Systems — Pie Systems - Easy tax free shopping and VAT refunds for merchants, business owners, travelers, and tourists through our web, iOS, and Android Pie VAT app. No forms, no waiting in line, and higher refunds.
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Nordic Eye Venture Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Retail 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: 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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Retail VC funding in Denmark at a glance

Stats across 44 deals from 47 investors.

47
investors
in Denmark Retail startups
44
deals
in Denmark Retail startups
$1.2M
median round
in Denmark Retail startups
51%
lead investors
lead at least one round
23%
Seed
most common funding stage

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