The Top Venture Capital Firms & Investors in Copenhagen

Our complete guide in 2025 for the top investors and VC firms in Stockholm.

Contributors: Nikolaj Sørstrup Jørgensen

Last updated: April 21, 2025

Cityscape of Copenhagen during daytime with prominent text overlay: 'Copenhagen Investors'Cityscape of Copenhagen during daytime with prominent text overlay: 'Copenhagen Investors'

Copenhagen’s Startup Ecosystem: Global Ambition Meets Nordic Strength

Copenhagen has emerged as one of Northern Europe’s most focused and fast-growing startup ecosystems. While it doesn’t match the scale of hubs like London or Berlin, it excels through strategic specialization—in fintech, cleantech, biotech, and AI-driven healthcare.

With over 1,000 startups and a high level of early-stage funding activity, Copenhagen is especially strong at supporting founders from idea to seed. From there, startups often scale internationally, with many relocating commercial operations abroad while maintaining R&D in Denmark. This “global from day one” approach has become a hallmark of the Danish startup model.

A Rising Fintech Powerhouse

Copenhagen punches above its weight in financial technology. Homegrown successes like Pleo, Lunar, and Monthio have raised hundreds of millions, attracting U.S. and European investors. Supportive regulators, a fintech sandbox, and hubs like Copenhagen Fintech Lab continue to strengthen the sector.

Biotech and HealthTech at the Forefront

The city’s biotech scene, anchored by local research hospitals and international pharma companies, has gained momentum. Startups such as Glycomine and Novoic (which retains R&D in Copenhagen) are redefining early diagnostics and rare disease treatment through data-driven solutions.

Deep Tech and Cleantech Innovation

Copenhagen also leads in greentech. Seaborg Technologies is pioneering next-gen nuclear solutions, while other ventures in carbon capture, plastic alternatives, and water tech have made Copenhagen a go-to hub for climate-minded investors and founders.

Public Support and Ecosystem Infrastructure

Danish institutions like Vækstfonden (Danish Growth Fund) and Innovation Fund Denmark provide vital seed capital, venture loans, and co-investments. Events like TechBBQ and accelerators such as byFounders and Accelerace tie the ecosystem together, ensuring visibility across Europe.

copenhagen venture capital firm logoscopenhagen venture capital firm logos

Venture Capital Investment in Copenhagen: 2024 Momentum and 2025 Outlook

Despite global funding slowdowns, Copenhagen remained resilient in 2024. The city experienced a surge in later-stage funding rounds and saw increased participation from cross-border funds, particularly in AI-enabled healthtech and B2B fintech.

Local VC Firms Leading the Charge

Venture firms such as Seed Capital, byFounders and Heartcore Capital remain active in backing early-stage teams. Many serve as syndicate leads or co-invest alongside international firms, helping startups reach the next stage of growth without needing to relocate too early.

Cross-Border Capital Expands Copenhagen’s Global Reach

With Denmark’s domestic market being small, most Copenhagen startups scale abroad quickly. This reality has attracted international firms like Accel, Creandum, and Northzone, who often co-invest with local players. In biotech, Copenhagen companies also tap into EU grant programs and healthcare-specific funds, making the city a hybrid hub of public and private capital.

Notable 2024 Investment Highlights

  • Pleo approached profitability and continued its pan-European expansion.

  • Monthio closed a significant new funding round, pushing deeper into financial wellness tech.

  • DermDash, a tele-dermatology app, secured new funding, capitalizing on healthcare digitization.

  • Novoic remained active in the neuro-AI space, with its voice-based diagnostics gaining adoption.

  • Seaborg Technologies sustained progress on its compact reactor R&D with a mix of equity and state-backed capital.

All Investors & Venture Capital Firms in Copenhagen 2025

Our complete list of all active venture capital firms and investors in Copenhagen.

2150
Founded
2020
Investments
8
Exits
0
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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Accelerace
Founded
2008
Investments
69
Exits
8
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Antler
Founded
2017
Investments
827
Exits
4
Investment stage
Pre-Seed
Company profile
See full breakdown
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Blazar Capital
Founded
2017
Investments
9
Exits
0
Investment stage
Seed
Company profile
See full breakdown
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Brand New Ventures
Founded
2021
Investments
5
Exits
0
Investment stage
Pre-Seed
Company profile
See full breakdown
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ByFounders VC
Founded
2017
Investments
49
Exits
1
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Climentum Capital
Founded
2021
Investments
11
Exits
0
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
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Dreamcraft
Founded
2019
Investments
31
Exits
2
Investment stage
Seed
Series A
Company profile
See full breakdown
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EIFO
Founded
1992
Investments
102
Exits
4
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
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Emblem
Founded
2023
Investments
32
Exits
Investment stage
Pre-Seed
Company profile
See full breakdown
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Founderment
Founded
2021
Investments
10
Exits
0
Investment stage
Pre-Seed
Company profile
See full breakdown
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Founders
Founded
2012
Investments
33
Exits
1
Investment stage
Pre-Seed
Company profile
See full breakdown
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Heartcore Capital
Founded
2007
Investments
157
Exits
18
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
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Heartland
Founded
Investments
7
Exits
Investment stage
Series B
Series C
Company profile
See full breakdown
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Investo Capital
Founded
2018
Investments
7
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Kompas
Founded
2021
Investments
5
Exits
0
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
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Look Up Ventures
Founded
2022
Investments
1
Exits
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
View VC Firm
LoveMondays
Founded
2011
Investments
18
Exits
18
Investment stage
Pre-Seed
Company profile
See full breakdown
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Morph Capital
Founded
2018
Investments
24
Exits
2
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Noon Ventures
Founded
2020
Investments
3
Exits
Investment stage
Seed
Company profile
See full breakdown
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Nordic Alpha Partners
Founded
2017
Investments
15
Exits
1
Investment stage
Seed
Company profile
See full breakdown
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Nordic Eye
Founded
2016
Investments
30
Exits
3
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Nordic Makers
Founded
2016
Investments
33
Exits
8
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
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North Ventures
Founded
2019
Investments
20
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
North-East Venture
Founded
2013
Investments
22
Exits
2
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Novo Holdings
Founded
1999
Investments
306
Exits
90
Investment stage
Seed
Series A
Series B
Series C
Company profile
See full breakdown
View VC Firm
People Ventures
Founded
2017
Investments
22
Exits
Investment stage
Pre-Seed
Company profile
See full breakdown
View VC Firm
Planetary Impact Ventures
Founded
2020
Investments
8
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
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Pre-Seed Ventures
Founded
2000
Investments
117
Exits
18
Investment stage
Pre-Seed
Company profile
See full breakdown
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Promentum Equity Partners
Founded
2015
Investments
11
Exits
3
Investment stage
Seed
Series A
Company profile
See full breakdown
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Scale Capital
Founded
2012
Investments
30
Exits
9
Investment stage
Seed
Series A
Company profile
See full breakdown
View VC Firm
Seed Capital
Founded
2005
Investments
211
Exits
29
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Ugly Ducking Ventures
Founded
2021
Investments
9
Exits
0
Investment stage
Pre-Seed
Company profile
See full breakdown
View VC Firm
Unconventional Ventures
Founded
2019
Investments
9
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Upfin
Founded
2022
Investments
4
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Verdane
Founded
1985
Investments
133
Exits
17
Investment stage
Series B
Series C
Series D
Company profile
See full breakdown
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volvér.vc
Founded
2020
Investments
15
Exits
2
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
What are the most notable venture capital firms & investors in Copenhagen?

The most notable venture capital firms in Denmark include byFounders, SEED Capital and Sunstone. ByFounders is seen as the leading VC-firm in Copenhagen and has been the most active investor in Denmark over the past decade. They also have the highest track-record bringing their portfolio on follow-up rounds from Teir 1 VC's.

What is the investment landscape like in Copenhagen?

In 2020, the city attracted more than €2 billion in funding, which was up almost 50% from 2019. This makes it one of the leading startup ecosystems in Europe.

Copenhagen has also seen an increase in venture capital exits over the past few years, with notable examples such as Endomondo (acquired by Under Armour for $85 million) and Vivino (acquired by ProSiebenSat1 for $300 million). These exits demonstrate that there is a significant potential for investors to realise returns on their investments when they exit successfully.

The investment landscape in Copenhagen is very encouraging, with a number of venture capital firms providing support to startups. This has enabled the city to become one of Europe’s leading hubs for innovation and technology.

What are the key trends in Danish venture capital right now?

The Danish venture capital landscape is highly dynamic and constantly evolving. Currently, there are a few key trends that are shaping the industry.

Firstly, the focus on impactful investments has increased significantly in recent years. Investment firms are now looking for companies with strong sustainability initiatives and those that can positively contribute to society, rather than just focusing on profits.

Secondly, there is an increasing demand for early-stage funding rounds as investors look to capitalize on emerging technologies and businesses that have the potential to disrupt existing markets or create entirely new ones. This means there is more money available for early-stage startups than ever before.

Thirdly, investment firms are becoming increasingly willing to invest in foreign companies who want to establish themselves in Denmark. This has been driven by the rise of the global startup economy, which has made it easier for companies to access capital from international investors.

Finally, venture capitalists are now looking further afield than just Copenhagen, with interest increasing in other cities such as Aarhus and Odense, which have both become popular locations for tech startups.