Ugly Duckling Ventures is a venture capital firm based in Copenhagen, Denmark, specializing in early-stage investments in Nordic startups at the seed and pre-seed stages. Founded in 2021 by experienced entrepreneurs Andreas Green Rasmussen, Rune Hven-Jensen, and Louise Lachmann, the firm focuses on providing capital, strategic guidance, and a robust network to help startups scale effectively. Their investment strategy emphasizes strong founder teams with complementary skill sets, particularly in B2B subscription models across diverse industries.

The firm is known for its hands-on approach, offering not just financial support but also mentorship and access to a valuable network of industry contacts. Notable portfolio companies include Eupry, a provider of automated temperature compliance solutions for the pharmaceutical industry; Kollektiv, a virtual training platform for industrial company learning; and BeCause, an AI-powered hub for sustainability data management in tourism. Ugly Duckling Ventures prides itself on building relationships, valuing transparency, and maintaining an active role in the growth of its portfolio companies.