# Top 50 Hardware Startup Investors in Denmark in May 2026

## Vaekstfonden
- Type: VC Fund
- Location: Hellerup, Hovedstaden, Denmark
- Relevant deals: 19
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We canaccompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.

## PreSeed Ventures
- Type: VC Fund
- Location: Lyngby, Hovedstaden, Denmark
- Relevant deals: 13
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

PreSeed Ventures is the biggest and most succesful early stage investor in Denmark. For more than 20 years, PreSeed Ventures have assisted and financed talented entrepreneurs with early-stage investments, and we hold more than 70 companies in our portfolio.

## Seed Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Health Care, SaaS

Seed Capital invests in Danish tech businesses with global ambitions. We are focused on "late seed"-stage companies, typically investing 1-3 MEUR in rounds of 1-6 MEUR. Proud backers of Trustpilot, Vivino, Lunar, Templafy, Dixa, Forecast, and many other great companies.

## People Ventures
- Type: VC Fund
- Location: Taastrup, Hovedstaden, Denmark
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Internet of Things, Software

People Ventures are your dreamcast team of co-founders, investors, executives, engineers, academics and industry experts.
Together with talented entrepreneurs — We shape fantastic businesses through operational and commercial execution.

## VF Venture
- Type: VC Fund
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Biotechnology, SaaS

Vaekstfonden makes equity investments in Danish companies with a track record as well as in young entrepreneurial, innovative enterprises with an ambition for global growth.

## North-East Venture
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 5
- Stages: Seed, Pre-Seed
- Focus: E-Commerce, Software, Fashion

North-East Venture is an international, multi-stage fund placed in Copenhagen, Denmark. The fund was launched December 1st 2013.

## Thomas Visti
- Type: Angel
- Relevant deals: 5
- Stages: Angel, Grant
- Focus: Robotics, Software, Manufacturing

Thomas Visti - CEO @ Mobile Industrial Robots

## Sune Alstrup
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Artificial Intelligence, Computer Vision

Tech Investor and Entrepreneur, former Founder & CEO at The Eye Tribe

## Seraphim Space
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Aerospace, Information Technology

Seraphim Capital is dedicated to financing the growth of companies operating in the space ecosystem. They are an ambitious team with a wide variety of backgrounds and experiences in Venture. Collectively they have over 100 years’ experience, investing in over 180 early and growth stage businesses, returning more than £750 million to theirshareholders.They are also fortunate to have one of the world's leading entrepreneurs and experts in Earth Observation on board. They work closely with their portfolio companies and always strive to create meaningful value and endeavour to ensure that the full value of their network and partners is utilised.The backing of leading global corporates in the Space sector and the leading Space related Governmental Agencies in the UK and Europe brings significant value. They are able to leverage their capital, industry leading knowledge and networks, creating an ecosystem that delivers real results for your business. From roots to market, sales and marketing, partnerships, follow-on capital, and M&A they can deliver value creation across the company growth cycle globally.

## Innovation Fund Denmark
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Grant, Pre-Seed, Seed
- Focus: Software, SaaS, Information Technology

Innovation Fund Denmark invests in the development of new knowledge and technology creating growth and employment in Denmark. The Fund focuses on societal challenges, strengthens research, and increases innovation commitment within private companies.The Fund provides risk capital that enables cutting-edge initiatives to achieve resultssubstantially impacting the Danish society. Innovation Fund Denmark is also responsible for the future societal partnerships, where companies, universities, and public authorities will work together on challenges facing the society today.

## Maersk Growth
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Logistics, Supply Chain Management, Software

Integrated logistics company and global leader in container shipping.

## Lars Seier Christensen
- Type: Angel
- Location: Jonschwil, Ausser-Rhoden, Switzerland
- Relevant deals: 3
- Stages: Seed, Angel
- Focus: Software, Financial Services, Communities

Lars seier Christensen is the chief executive officer of Saxo Bank, an online trading and investment specialist that enables clients to trade forex, CFDs, stocks, futures, options, and other derivatives.

## Heartcore Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Artificial Intelligence

Heartcore Capital is an early-stage venture capital firm devoted to backing founders building category-defining consumer internet brands.Founded as Sunstone Capital in 2007, Heartcore has raised over $500 million in committed capital across four fund generations. The firm has offices in Copenhagen, Berlin, and Paris but invests across Europe andoccasionally in the United States. Heartcore has backed more than 70 exceptional founding teams.

## Nordic Eye Venture Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: E-Commerce, Software, SaaS

International venture capital firm based in Copenhagen. We come from the North, but we work in the world. We are Nordic Eye.

## Btomorrow Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Health Care, Wellness, Food and Beverage

Btomorrow Ventures (BTV) is the corporate venturing unit of BAT. BAT is building A Better Tomorrow by reducing the health impact of its business by transforming into a truly consumer-centric multi-category CPG company. We are dedicated to partnering with ambitious and passionate entrepreneurs to realise their vision by providing a platform toenhance innovation and accelerate growth.

## West Hill Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Information Technology, Software, Health Care

West Hill Corporate Finance is a leading private equity venture capital firm providing EIS qualifying high-growth investments to private individuals.

## Rincon Venture Partners
- Type: VC Fund
- Location: Santa Barbara, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Analytics

Rincon Venture Partners seeks to partner with extraordinary entrepreneurs and support them as they build world-class businesses. Rincon is an early-stage venture capital firm that targets investment opportunities in Web-based businesses that are led by 'serial founding teams', have proven recurring revenue models and are pursuingcapital-efficient operating plans. They typically invest in companies where initial product or service development is largely complete, and the company's forward-looking focus is on market engagement and expansion. They take an active role in guiding and supporting portfolio companies by committing resources for such activities as Board representation, providing strategic and tactical guidance, filling key management positions, facilitating subsequent financings and achieving liquidity events.

## Greg Moga
- Type: Angel
- Location: Seattle, Washington, United States
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: EdTech, Internet, Software

Greg Moga is a Member of the Advisory Board at National Geographic.

## Helge Munk
- Type: Angel
- Location: Odense, Syddanmark, Denmark
- Relevant deals: 2
- Stages: Seed
- Focus: Consulting, Project Management, Telecommunications

Helge Munk is a Danish entrepreneur, known for taking Athena IT-Group from the stock exchange, turned it around and sold it to Sentia in 2017.He invests through Munk Holding, a holding company with investments in 6-10 minor companies. Most of these companies are situated in the same building as Munk Holding Egelundsvej 18, Odense S, owned byEjendomsselskabet Munk.

## Kickass Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Seed
- Focus: Sports, Content, Cooking

Kickass Capital invests in extraordinary entrepreneurs with unique technologies that will define the next era of innovation.
They go in at POC stage, with ca$h ($200k-2M), support and our extensive network.

## Root Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

Root Ventures is a seed-stage venture capital firm that invests in technical teams working on deep tech. The firm specializes in the fields of financial services, venture capital, and investments.
It was founded in 2013 and headquartered in San Francisco, California.

## Crista Galli Ventures
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Wellness, Medical

Crista Galli Ventures invests in ambitious European healthtech companies at Seed and Series A. Our deep medical expertise, powerful network and agile approach enable founders to build important, world-class healthcare businesses.

## byFounders
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Artificial Intelligence, Mobile Apps

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

## Northzone
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Information Technology

Northzone is a venture capital fund with a perspective shaped by lives as entrepreneurs. Since 1996, they've made over 175 investments and invest from Seed to Growth. They've partnered with the founders of Spotify, Avito, iZettle, Klarna, Hopin, and hundreds of others to build category-defining businesses. They've raised €1bn inSeptember 2022.

## ACME Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Health Care, Information Technology

ACME is a venture capital firm investing in iconic founders disrupting massive markets.

## Lasse Kieffer
- Type: Angel
- Relevant deals: 2
- Stages: Angel
- Focus: Robotics, Navigation, Construction

Lasse Kieffer is an Entrepreneur and investor.

## FundersClub
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, Information Technology

FundersClub focuses on Seed and early stage investments. Investments include Coinbase, Instacart, Flexport, Le Tote, Teespring, Memebox, GitLab.FundersClub is the world's first online venture capital platform. Backed by Y Combinator, First Round Capital, Spark Capital, Intel Capital, Draper, Andreessen Horowitz, Felicis Ventures, and more;FundersClub Inc. was founded in 2012 and is based in the United States.

## Nordic Makers
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Education, Information Technology

We know how much grit and luck it takes to build big companies. That’s why we invest our time and our children’s money in crazy, ambitious founders.Founded by a group of serial entrepreneurs that have built, scaled and exited some of the largest technology companies of the Nordics, Nordic Makers is a seed stage hands-on investor, workingactively with companies to take them to the next level.

## Nicholas Francis
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Seed
- Focus: SaaS, Robotics, Software

Nicholas Francis is Co-founder at framebunker

## Idinvest Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Biotechnology, Software, Health Care

Idinvest Partners is a pan-European private equity manager focused on the low and middle-market segments. With over 6 billion euros under management, the company has developed several complementary areas of expertise, including equity investments in buyout deals focusing on both mid-size as well as young innovative European companies; primaryinvestments in European private equity funds focusing primarily on the middle market segment; secondary investments; mezzanine investments in Europe; and private equity consulting.Idinvest Partners’ recent success stories include Criteo, Clear2Pay, Meetic, Prosensa, Converteam, Kwik Fit, Lastminute.com, Dailymotion, Deezer, Talend, Synthesio, Menlook, Vestiaire Collective, Pretty Simple, Curse.com, Withings, Kantox, Secret Escapes, Happn, Peakon, Dayuse, Botify, Financefox, Azalead and many more.

## Ambient Sound Investments
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Software, E-Commerce

Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle.

## Galaxy Interactive
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Gaming, Blockchain, Video Games

Play the Future. Galaxy Interactive is a leading sector-focused VC investing in interactive entertainment, at the intersection of content, social, finance and technology.

## Hampus Jakobsson
- Type: Angel
- Location: Malmö, Skane Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Health Care, Software, Artificial Intelligence

Hampus Jakobsson is a General Partner at early stage climate tech venture fund Pale Blue Dot.Prior to co-founding Pale Blue Dot, Hampus was a Venture Partner at science fund Blue Yard and a prolific angel investor with >100 angel investments. He co-founded of The Astonishing Tribe (acquired by Blackberry in 2010 for $150m). He left Blackberry2012 to found Brisk.io a sales productivity tool which folded 2016.

## NAVER Z
- Type: VC Fund
- Location: Seongnam, Kyonggi-do, South Korea
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, 3D Technology, Gaming

The official corporate website of NAVER Z Corporation

## Kasper Wedendahl
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Video, Sports, Software

Kasper Wedendahl

## Danske Bank
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Banking, Apps, EdTech

Danske Bank is a Nordic universal bank offering a full range of banking services. It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagen). It is headquartered in Copenhagen, Denmark and is one of the major retail banks in the northernEuropean region with over 5 million retail customers.Danske Bank was number 454 on the Fortune Global 500 list for 2011.

## Maria Sundlof
- Type: Angel
- Relevant deals: 1
- Stages: Angel, Pre-Seed
- Focus: Software, B2B, SaaS

Maria Sundlof is a Program Director at NKT and CEO & Owner of Procevia.

## GFP Invest ApS
- Type: VC Fund
- Relevant deals: 1

## Investo Capital
- Type: VC Fund
- Location: Aalborg, Nordjylland, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Health Diagnostics, Computer, Software

Investo Capital is a Danish venture capital firm based in Aalborg. They invest in carefully selected Danish early-growth companies within tech business areas in the broad sense. The target group is innovative companies with proof of business, strategic thinking, and strong growth prospects in Denmark. Strategic corporate concepts and competentmanagement are essential features. The investment focus is Technology, IT, SAAS- and med-tech.

## Skylark Partners
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Video, Sports

Investment Fund

## Klaus Nyengaard
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: E-Commerce, Marketplace, Apps

Klaus Nyengaard is the co-founder and Chairman of GenieBelt, a SaaS-based platform that develops project management software. He is also co-founder of the investment club, Nordic Makers. He serves as the co-chairman of Treatwell, a beauty and wellness community marketplace.
Nyengaard has previously been CEO & Chairman of Just-Eat pre-IPO, andbuild a number of tech companies.
In 1994, Klaus Nyengaard graduated from Aarhus University with a specialized degree in economics and management.

## Henrik Hancke
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Video, Sports, Software

Henrik Hancke

## Per Zachariassen
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Video, Sports, Software

Per Zachariassen

## Per Falholt
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Robotics, Biotechnology, Industrial Automation

A passion and vision for chemistry and biotechnology led Per (born 1958) to Novo A/S, where he started his career as a research chemist. He subsequently held several managerial positions developing products for the detergent industry and rose to Director for Application Technology in the company’s new enzyme development division in 1995.Hemoved to Raleigh, N.C., to head the company’s U.S. application technology unit in 1997, returning to Denmark three years later as Corporate Vice President of the Enzyme Development and Application division. In April 2000, Per merged the Research and Development division into the newly formed Enzyme Business R&D.Per assumed his current position following Novozymes’ demerger from Novo Nordisk in 2000. As chief science officer, he has helped Novozymes develop a unique industrial biotechnology platform which delivers solutions to meet customer needs and support growth.Per holds a M.Sc. in Chemical Engineering from Technical University of Denmark (DTU). Committed to promoting education and research within the sciences, he was appointed Honorary Professor at DTU’s Institute for Systems Biology in 2010 and became Chairman of the Board in 2013. He is also Chairman of the Young Scientists association in Denmark.Per’s current external positions also include Chairman, DTU, board member of DHI Group, board member of ARTs Biologics A/S, and member of the Danish Council for Research Policy.

## Skyfall Ventures
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Marketplace

We are an early stage venture capital firm based in Oslo, Norway. 

## Techammer
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Health Care, Artificial Intelligence

Techammer is an angel investor who helps founders solve important problems. Designers invest in data science, digital health, and companies that accelerate science. Companies that improve the lives of ordinary Americans pique our interest. The designers are both Midwesterners (Jeff from Michigan/Indiana and Halle from Ohio), and we bothstarted our careers bagging groceries. Designers met in San Francisco, where we both lived for three months. The designers got married in Italy and just moved to the East Coast.

## Look Up Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Robotics, Biotechnology, Industrial Automation

We back science-based start-ups from Pre-Seed to Series A to combat climate emergency and biodiversity loss.

## Fashion Capital Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: E-Commerce, Big Data, Retail Technology

Fashion Capital Partners is an investment company based in Paris aimed at investing in early-stage Fashion & Luxury tech start-ups and innovative high-end designers throughout Europe and in the US.
Fashion Capital Partners will focus on 3 types of investments: Pre-seed with incubation, Seed and Growth co-funding Series A rounds.

## Stine Molgaard Sorensen
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Robotics, Software, Health Care

Stine Molgaard Sorensen is the Co-founder and COO of Radiobotics.

## David Fellah
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed
- Focus: Video, Sports, Software

David Fellah is the Co-CEO, founder and chairperson at Manyone. David Fellah attended Arkitektskolen Aarhus.

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