Top 20 Venture Capital Firms in Denmark in 2026

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.

Here are Denmark’s Top Venture Capital Firms in 2026.

1. Novo Holdings

📍 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

2. Vækstfonden (now EIFO)

📍 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

3. Seed Capital

📍 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

4. Heartcore 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

5. PreSeed Ventures

📍 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

6. Accelerace

📍 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

7. byFounders

📍 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

8. Lundbeckfonden Ventures

📍 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

9. 2150.VC

📍 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

10. Nordic Eye Venture Capital

📍 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

11. Borean Innovation

📍 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

12. Sunstone Life Science Ventures

📍 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

13. Dreamcraft 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

14. Founders

📍 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

15. Northcap

📍 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

16. Giant Ventures

📍 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

17. Scale Capital

📍 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

18. Seedster Ventures

📍 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

19. Planetary Impact 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

20. LEO Innovation Fund

📍 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. Among them, Pitchdrive continues to play a key role in supporting early-stage founders across Europe, connecting ambitious startups with hands-on investors and helping them scale from idea to impact. If you’re ready to take your startup to the next level, apply to Pitchdrive and join a community of founders turning bold ideas into thriving ventures.