Growth
Top 20 Venture Capital Firms in Denmark in 2025
Written by
Lineke Kruisinga
Published on
October 23, 2025
Written by
Published on
Looking to raise funding in Denmark? These are the VCs you should know.
Denmark’s startup scene is thriving with strong activity in biotech, green energy, SaaS, fintech, and consumer tech. From large government-backed investors to global life science leaders and emerging early-stage funds, these 20 VCs, ranked by deal activity are the most active in Denmark’s ecosystem and play a key role in shaping its innovation landscape.
📍 Location: Hellerup
Denmark’s largest investor in life sciences, Novo Holdings manages one of Europe’s biggest biotech portfolios. Backing startups that advance healthcare, sustainability, and science innovation.
💰 Size: €1M–€50M+
📍 Stage: Seed to Growth
🌐 Novo Holdings
📍 Location: Hellerup
Denmark’s state-backed investment fund, formerly Vækstfonden, now part of EIFO. It finances companies across all sectors from cleantech and energy to biotech and SaaS often co-investing with private funds.
💰 Size: €100K–€20M
📍 Stage: Seed to Growth
🌐 EIFO
📍 Location: Copenhagen
The country’s largest seed-stage investor, known for early bets on Trustpilot, Vivino, and Lunar. Backing tech businesses ready to scale internationally.
💰 Size: €2M–€4M
📍 Stage: Seed to Series A
🌐 Seed Capital
📍 Location: Copenhagen
An early-stage European VC with €770M under management and offices in Copenhagen, Berlin, and Paris. Focused on digital consumer, SaaS, and marketplace startups.
💰 Size: €500K–€10M
📍 Stage: Seed to Series B
🌐 Heartcore Capital
📍 Location: Lyngby
One of the most active early-stage VCs in Denmark, originating from DTU Science Park. Focused on pre-seed and seed-stage tech startups across the Nordics.
💰 Size: €100K–€2M
📍 Stage: Pre-seed to Seed
🌐 PreSeed Ventures
📍 Location: Copenhagen
A top Nordic accelerator and early-stage VC, investing in startups from Denmark to Italy. Portfolio includes Templafy, Trustpilot, and Labster.
💰 Size: €50K–€500K
📍 Stage: Pre-seed to Seed
🌐 Accelerace
📍 Location: Copenhagen
Early-stage VC backed by a collective of experienced Nordic founders. Invests in tech startups across the Nordics and Baltics, emphasizing founder support and experience-sharing.
💰 Size: €250K–€2M
📍 Stage: Pre-seed to Series A
🌐 byFounders
📍 Location: Copenhagen
An evergreen life science fund owned by the Lundbeck Foundation. Focuses on biotech, medtech, and health innovation, investing up to €50M annually.
💰 Size: €2M–€15M
📍 Stage: Series A to Growth
🌐 Lundbeckfonden Ventures
📍 Location: Copenhagen
A sustainability-focused fund investing in startups shaping the urban future from carbon reduction to construction and energy innovation.
💰 Size: €500K–€5M
📍 Stage: Seed to Series A
🌐 2150.VC
📍 Location: Copenhagen
A global investor in early-growth tech and lifestyle companies with offices in London and San Francisco. Focused on AI, robotics, and consumer innovation.
💰 Size: €1M–€10M
📍 Stage: Series A to Growth
🌐 Nordic Eye VC
📍 Location: Aalborg
A Northern Denmark-based innovation incubator providing pre-seed and seed funding, mentoring, and support for deep tech and industrial startups.
💰 Size: €50K–€500K
📍 Stage: Pre-seed to Seed
🌐 Borean Innovation
📍 Location: Copenhagen
Specialized in early-stage biotech and healthtech startups across Europe. Works closely with founders on regulatory and go-to-market strategies.
💰 Size: €1M–€10M
📍 Stage: Series A to Growth
🌐 Sunstone Ventures
📍 Location: Copenhagen
An active pre-seed to Series A fund investing in European software companies. Known for deep operational support and strategic involvement.
💰 Size: €200K–€3M
📍 Stage: Pre-seed to Series A
🌐 Dreamcraft Ventures
📍 Location: Copenhagen
Operates as both a startup studio and early-stage investor. Partners with entrepreneurs to co-build scalable technology companies from the ground up.
💰 Size: €100K–€1M
📍 Stage: Pre-seed to Seed
🌐 Founders
📍 Location: Copenhagen
A long-standing VC investing in B2B SaaS and cloud infrastructure companies. Focused on ICT, communications, and enterprise software.
💰 Size: €500K–€5M
📍 Stage: Seed to Series A
🌐 Northcap
📍 Location: Copenhagen & London
A multi-stage VC backing purpose-driven founders building companies tackling global challenges in health, climate, and equality.
💰 Size: €1M–€10M
📍 Stage: Seed to Series B
🌐 Giant Ventures
📍 Location: Copenhagen
Focuses on early growth investments in B2B tech and SaaS companies with global potential. Active in the Nordics and the US.
💰 Size: €1M–€5M
📍 Stage: Series A to Growth
🌐 Scale Capital
📍 Location: Aarhus
An emerging Danish VC fund investing in tech and consumer startups at the pre-seed and seed stages. Known for hands-on mentorship.
💰 Size: €100K–€1M
📍 Stage: Pre-seed to Seed
🌐 Seedster Ventures
📍 Location: Copenhagen
A climate and impact-focused VC fund supporting early-stage startups tackling sustainability and energy transformation challenges.
💰 Size: €200K–€2M
📍 Stage: Pre-seed to Series A
🌐 Planetary Impact Ventures
📍 Location: Ballerup
The corporate venture arm of LEO Pharma, investing in innovative healthtech and life science startups. The fund focuses on early to growth-stage companies working on skin health, biotech, and medical technologies.
💰 Size: €500K–€10M
📍 Stage: Seed to Growth
🌐 LEO Innovation Fund
Denmark’s VC ecosystem stands out for its diversity from powerhouse investors like Novo Holdings and Vækstfonden to specialized funds such as 2150.VC and byFounders. Whether your startup focuses on biotech, SaaS, or sustainability, these 20 firms represent the most active and influential investors driving Denmark’s innovation in 2025.
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