Denmark is a hub for innovation and entrepreneurship, along with a pretty active startup ecosystem covering a wide range of activities: from bootstrapping to scaling with venture capital involvement. Whatever you build-tech startups or scale your businesQs-Denmark offers a wide range of opportunities in sectors such as green tech, fintech, and health tech. To make it easier, we've put together an extensive list of venture capital investors, and our experts have handpicked the top 10 venture capital firms in Denmark just for you. You can find more details about investment opportunities here.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| Heartcore Capital | €300,000 – €6 million | Pre-Seed, Seed, Series A | 2007 |
| Willmach | €500,000 | Seed, Series A | 2019 |
| byFounders | €500,000 – €4 million | Seed, Series A | 2017 |
| Seed Capital | €50,000 to €500,000 | Early Stage | 2004 |
| Target Global | $1 million to $50 million | Seed to Growth | 2012 |
| Earlybird Venture Capital | €1 million to €10 million | Early-stage, Growth-stage | 1997 |
| TA Ventures | $100,000 to $500,000 | Seed to Series A | 2010 |
| AltaIR Capital | $100,000 to $5 million | Seed and early stages | 2010 |
| Plug and Play Tech Center | $100,000 to $150,000 | Seed, Early Stage | 2006 |
| Lightspeed Venture Partners | $500K to $100M+ | Seed, Series A, Series B | 2000 |
1. Heartcore Capital
Heartcore Capital is a leading European VC firm that invests in early-stage startups, from pre-seed to Series A. Having a mission of "Investing in Happiness", they are based in Copenhagen, Stockholm, Berlin, and Paris. The firm is dedicated to their visionary founders in their quest to build category-defining companies in tech, Web3, and sustainability. Heartcore has invested in more than 100 companies, thereby creating over €10B in enterprise value, while focusing on empowering people, reimagining work, and protecting the planet.
- Website: https://heartcore.com/
- Founding Year: 2007
- Investment Range: €300,000 – €6 million
- Stage: Early Stage, Seed, Pre-Seed, Series A
- Sector: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
- Geography: Denmark, Germany, France, USA, Austria, Sweden, Spain, Hungary, Poland, United Arab Emirates
- Notable Investments: Reddit, Insight, Werlabs
- Submit Pitch/ Contact: Link
2. Willmach
Willmach is a global venture capital firm that invests in pre-seed to Series A early stages. Headquartered in Europe and Asia, Willmach supports promising founders in the quest to build game-changing companies across borders while Embracing bold ideas and swift execution. Sector-agnostic, they gravitate toward Enterprise IT, SaaS, eCommerce, Consumer Internet, and HealthTech. Willmach is famous for pairing capital with expert knowledge in guiding startups toward success.
- Website: https://willmach.com/
- Founding Year: 2019
- Investment Range: €500,000
- Stage: Seed, Series A
- Sector: Enterprise IT & SaaS, Consumer Internet, E-commerce, HealthTech
- Geography: Denmark
- Notable Investments: Jamie Looks, Nordgreen, MessyWeekend
- Submit Pitch/ Contact: Link
3. byFounders
byFounders is a community-powered VC fund that supports early-stage globally ambitious founders from the New Nordics and Baltics. Backed by a network of more than 70 accomplished founders and operators, the byFounders Collective offers access to world-class expertise and a supportive community. Known for founder-friendly terms, byFounders invests in companies tackling pressing global challenges while fostering a culture of transparency, collaboration, and impactful innovation.
- Website: https://byfounders.vc/
- Founding Year: 2017
- Investment Range: €500,000 – €4 million
- Stage: Seed, Series A
- Sector: Technology
- Geography: Nordic and Baltic regions, including Denmark
- Notable Investments: Corti, Pleo, Tame, Simple Feast, Normative
- Submit Pitch/ Contact: Link
4. Seed Capital
Seed Capital is a leading Danish VC focused on backing outstanding founders from seed and beyond. They have a strong track record of supporting startups like Trustpilot, Vivino, and Templafy. They specialize in helping companies grow from seed to Series A and beyond. Their expertise spans Fintech, SaaS, and Deep Tech, combining funding with hands-on guidance in strategy, business development, and scaling.
- Website: https://seedcapital.dk/
- Founding Year: 2004
- Investment Range: €50,000 to €500,000
- Stage: Early Stage
- Sector: Technology
- Geography: Denmark
- Notable Investments: Trustpilot, Vivino, Templafy, Lunar, Dixa
- Submit Pitch/ Contact: Link
5. Target Global
Target Global operates as a European VC with over €3 billion in assets under management. They invest in tech companies from pre-seed to pre-IPO. Offices in London, Berlin, Tel Aviv, and Abu Dhabi support transformative startups to later become unicorns: Delivery Hero, Wefox, and Kuda. Known for backing 15 unicorns and achieving 21 exits, Target Global empowers founders to disrupt global markets and scale groundbreaking businesses.
- Website: targetglobal.vc
- Founding Year: 2012
- Investment Range: $1 million to $50 million
- Stage: Seed to growth stages
- Sector: E-commerce, fintech, mobility, software
- Geography: Europe
- Notable Investments: Auto1, Delivery Hero, WeFox, Rapyd, Dreamlines
- Submit Pitch/ Contact: Link
6. Earlybird Venture Capital
Earlybird Venture Capital is a premier European VC investor focused on early-stage technology companies. Since inception in 1997, Earlybird has managed close to €2.5 billion across successive specialized funds, putting the spotlight on such fields as digital tech, health, and deep tech. With 9 IPOs and 34 trade sales under its belt, Earlybird offers start-ups support with finances, strategic advice, and an international network to unfold their business ventures and leave a lasting impact.
- Website: https://earlybird.com/
- Founding Year: 1997
- Investment Range: €1 million to €10 million
- Stage: Early-stage and growth-stage
- Sector: Technology startups, including software, fintech, and healthcare
- Geography: Europe
- Notable Investments: UiPath, Peak Games, Hazelcast, Trendyol, Yemeksepeti
- Submit Pitch/ Contact: Link
7. TA Ventures
TA Ventures is a globally oriented early-stage VC firm. They mainly invest in tech startups at Pre-Seed and Seed stages. The firm focuses on HealthTech, FinTech, and B2B software to back founders who shape future industries. With strong follow-on support, their typical investment range lies from $100K to $1M. By leveraging its global team and network, TA Ventures scales startups while continuing to support R&D setups in Ukraine and Europe for growth and innovation.
- Website: https://taventures.vc/
- Founding Year: 2010
- Investment Range: $100,000 to $500,000
- Stage: Seed to Series A
- Sector: Fintech, digital health, mobility, enterprise software
- Geography: Europe and North America
- Notable Investments: SumUp, Caroobi, Klara, Dreamlines, Wallapop
- Submit Pitch/ Contact: Link
8. AltaIR Capital
AltaIR Capital is a venture capital fund investing globally in early to growth-stage startups with disruptive ideas. With $600M under management, their investment focus spans AI, SaaS, FinTech, InsurTech, Digital Health, and Productivity Tools. They support driven teams with scalable business models and impressive product vision, AltaIR Capital looks for game-changing innovation with high return prospects, from idea stage to successful exits.
- Website: altair.vc
- Founding Year: 2010
- Investment Range: $100,000 to $5 million
- Stage: Seed and early stages
- Sector: Software, SaaS, information technology
- Geography: Global
- Notable Investments: Miro, PandaDoc, Turing, Scentbird, Guesty
- Submit Pitch/ Contact: Link
9. Plug and Play Tech Center
Plug and Play is a leading global innovation platform that connects startups, corporations, and investors to drive meaningful change across industries. With a presence in 60+ locations, they support 90,000+ startups in fields such as fintech, health, mobility, and sustainability. Known for fostering open innovation, Plug and Play partners with forward-thinking businesses and they offer acceleration programs, investments, and a strong ecosystem that will be the epicenter for where the future of technology and entrepreneurship will begin.
- Website : plugandplaytechcenter.com/
- Founding Year: 2006
- Investment Range: $100,000 to $150,000
- Stage: Seed, Early Stage
- Sector: Agri-tech, Energy, Fintech, Animal Health, Deeptech
- Geography: Global
- Notable Investments: PayPal, Dropbox, LendingClub, N26, Honey
- Submit Pitch/ Contact: Link
10. Lightspeed Venture Partners
Lightspeed Venture Partners is a venture capital (VC) firm that invests in bold, disruptive ideas across sectors like technology, healthcare, and fintech. They partner with visionary entrepreneurs to accelerate growth from seed to late stages. Lightspeed has backed over 500 companies globally, including Snap, Affirm, and Epic Games. Their focus is on supporting founders with strong vision and determination to shape the future through innovation.
- Website: lsvp.com
- Founding Year: 2000
- Investment Range: $500K to $100M+
- Stage: Seed, Series A, Series B
- Sector: Technology, healthcare, consumer, and financial services
- Geography: Global
- Notable Investments: Snap, Affirm, Mulesoft, Giphy, AppDynamics
- Submit Pitch/ Contact: Link
FAQ (Frequently Asked Questions)
- Is VC high risk?
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money. - What is the best country in Europe to set up a VC fund?
Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice. - Which European cities have the most VC investments?
The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities. - What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money. - How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.