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Top 50 Health Care VC Funds & Investors in Denmark (May 2026)

The most active venture capital funds investing in Denmark Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Denmark Health Care startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Novo Holdings
VC Fund
21 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $6.5M–$125M
Vaekstfonden
VC Fund
17 Denmark, United States, United Kingdom Seed, Pre-Seed Software, Information Technology, SaaS $431k–$4.6M
BioInnovation Institute
VC Fund
15 Denmark, Germany, Switzerland Convertible Note, Debt Financing, Pre-Seed Biotechnology, Medical, Health Care $504k–$1.8M
PreSeed Ventures
VC Fund
14 Denmark, United States, United Kingdom Seed, Pre-Seed Software, Information Technology, SaaS $86k–$3.3M
Seed Capital
VC Fund
13 Denmark, United States, United Kingdom Seed, Series A Software, Health Care, SaaS $500k–$19M
Sunstone Life Science Ventures
VC Fund
10 Denmark, Sweden, Switzerland Series B, Series A Biotechnology, Health Care, Medical $5.1M–$136M
People Ventures
VC Fund
6 Denmark, Sweden, United States Seed, Pre-Seed, Series A Health Care, Internet of Things, Software $1.4M–$21M
VF Venture
VC Fund
4 Denmark, United Kingdom, Iceland Seed, Series A Software, Biotechnology, SaaS $1.2M–$22M
West Hill Capital
VC Fund
4 United Kingdom, Denmark Seed, Series A Information Technology, Software, Health Care $1.2M–$15M
Gilde Healthcare
VC Fund
4 United States, The Netherlands, Germany Series C, Series B, Series A Biotechnology, Health Care, Medical $8M–$60M
HealthCap
VC Fund
3 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.5M–$55M
byFounders
VC Fund
3 Denmark, United States, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, Mobile Apps $1M–$15M
Sweet Capital
VC Fund
3 United States, United Kingdom, Israel Seed, Series A Apps, Software, Mobile $1.7M–$24M
RA Capital Management
VC Fund
3 United States, United Kingdom, China Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $24M–$200M
Sofinnova Partners
VC Fund
3 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $4.4M–$57M
EIR Ventures
VC Fund
3 Denmark, Sweden, United States Series A, Seed Biotechnology, Health Care, Therapeutics $30M–$73M
Oskare Capital
VC Fund
3 Italy, Denmark, United Kingdom Seed, Pre-Seed, Series A Health Care, Biotechnology, Medical
Crista Galli Ventures
VC Fund
3 United Kingdom, United States, Denmark Seed, Pre-Seed, Series A Health Care, Wellness, Medical $614k–$4.5M
Innovation Fund Denmark
VC Fund
3 Denmark, United States Grant, Pre-Seed, Seed Software, SaaS, Information Technology $30k–$2M
Wellington Partners
VC Fund
2 Germany, United States, United Kingdom Series A, Series B Health Care, Biotechnology, Medical $3M–$43M
Investo Capital
VC Fund
2 Denmark Seed Health Diagnostics, Computer, Software $1.6M–$3.3M
Industrifonden
VC Fund
2 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.3M–$14M
Inventure
VC Fund
2 Finland, Sweden, Denmark Seed, Series A Software, Information Technology, Health Care $482k–$12M
Ysios Capital
VC Fund
2 Spain, United States, Switzerland Series A, Series B, Series C Biotechnology, Health Care, Medical $2.1M–$48M
CAPNOVA
VC Fund
2 Denmark, United States, India Seed, Pre-Seed Software, Information Technology, Internet $144k–$2.3M
Crowberry Capital
VC Fund
2 Iceland, Denmark, United States Seed, Pre-Seed, Series A Software, Gaming, Information Technology $400k–$15M
CBC Investment Group
VC Fund
2 Sweden, Denmark, Germany Seed, Series B Biotechnology, Software, SaaS
14W
VC Fund
2 United States, United Kingdom, Spain Seed, Series A, Series B E-Commerce, Fashion, Marketplace $1.1M–$33M
Karolinska
VC Fund
2 Sweden, Denmark, United States Seed, Series A Biotechnology, Health Care, Pharmaceutical $1.3M–$73M
Novo Ventures
VC Fund
2 United States, United Kingdom, Switzerland Series B, Series A, Series C Biotechnology, Health Care, Medical $8.4M–$75M
Johnson & Johnson Development Corporation
VC Fund
2 United States, United Kingdom, Canada Series C, Series B, Series A Health Care, Biotechnology, Medical $9M–$43M
M Ventures
VC Fund
2 United States, Switzerland, United Kingdom Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $2.1M–$67M
Balderton Capital
VC Fund
2 United Kingdom, United States, Germany Series A, Series B, Series C Software, FinTech, Financial Services $3.5M–$85M
Aescap Venture
VC Fund
2 United Kingdom, Austria, Belgium Series A, Series B Biotechnology, Pharmaceutical, Chemical $4.9M–$24M
Lundbeckfonden Ventures
VC Fund
2 United States, United Kingdom, France Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $8M–$50M
VentureFriends
VC Fund
2 Greece, United Kingdom, United States Seed, Series A FinTech, Software, E-Commerce $384k–$25M
Dansk Erhvervsinvestering
VC Fund
1 Denmark Medical, Health Care, Biotechnology
Novo Nordisk
VC Fund
1 Denmark, United States, France Series A, Series C, Seed Biotechnology, Medical, Biopharma $5M–$21M
Noble Group
VC Fund
1 United Kingdom Medical, Health Care, Professional Services
EQT life science
VC Fund
1 United States, The Netherlands, Switzerland Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $5.4M–$70M
Index Ventures
VC Fund
1 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$50M
Forbion Capital Partners
VC Fund
1 United States, United Kingdom, The Netherlands Series B, Series A, Series C Biotechnology, Health Care, Medical $4.5M–$115M
Dreamcraft Ventures
VC Fund
1 Denmark, Germany, United Kingdom Seed, Pre-Seed, Series A Software, eSports, Health Care $120k–$3.6M
NOON Ventures
VC Fund
1 Denmark Seed Electronics, Biotechnology, Semiconductor
Wellcome Trust
VC Fund
1 United States, United Kingdom, Germany Grant, Series C Biotechnology, Health Care, Pharmaceutical $1.2M–$90M
Lauxera Capital Partners
VC Fund
1 France, Denmark, The Netherlands Series A, Series C, Series D Biotechnology, Medical Device, Computer
SR One
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $3.7M–$85M
Sound Bioventures
VC Fund
1 Denmark, United States Seed, Series A Medical, Biopharma, Life Science
North-East Healthcare Investment
VC Fund
1 Denmark Series A Therapeutics, Biotechnology, Medical Device
European Investment Bank
VC Fund
1 France, Germany, Ireland Debt Financing, Post-IPO Debt Biotechnology, Health Care, Software $6.4M–$536M
Access all 159 VC funds in Denmark Health Care startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 21 investments in Denmark Health Care startups, 19 in the past 12 months

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Denmark, United Kingdom

Investor stats

  • Total investments: 225
  • Round size: Series A $6.5M–$63M; Series B $12M–$125M; Series C $12M–$105M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Octave — Octave is a national behavioral health practice that’s creating a new standard for care delivery that’s both high-quality and accessible to more people. With in-person and virtual clinics in California and New York, the company offers personalized care plans that can include individual therapy, couples therapy, and groups, while pioneeringrelationships with payers to make care more affordable through insurance. Grounded in science, Octave enables clients to experience profound change that is as measurable as it is meaningful.
  • Acesion Pharma — Acesion Pharma ApS is a Danish biotech company founded in 2011 and based in Copenhagen. Acesion Pharma develops more efficacious and safe drugs for the treatment of atrial fibrillation (AF), the most common type of cardiac arrhythmia.
  • Alentis Therapeutics — Alentis Therapeutics discovers and develops novel medications to treat advanced liver diseases.
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Vaekstfonden
VC Fund · Hellerup, Hovedstaden, Denmark · 17 investments in Denmark Health Care startups, 13 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 188
  • Round size: Seed $790k–$4.6M; Pre-Seed $431k–$1.2M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Wedio — Buy & Rent professional film equipment from trusted creators near you. Buy & rent cameras, lenses, drones with Global Coverage. Explore
  • QuadSAT — QuadSAT provides antenna and RF measurements with state-of-the-art equipment, including a drone platform with payload and custom software.
  • kleen hub — Kleen hub is Denmark's first digital return system for reusable coffee cups and food packaging.
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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 15 investments in Denmark Health Care startups, 16 in the past 12 months

BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup'smission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups.BioInnovation Institute was founded in 2018 and is based in Denmark.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Convertible Note, Debt Financing, Pre-Seed
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 65
  • Round size: Pre-Seed $504k–$1.8M; Debt Financing $536k–$1.4M; Convertible Note $536k–$1.4M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • TriptoBIO — TriptoBIO is developing a platform for producing natural plant compounds that will support the health of our planet. Our goal is to create a future where everyone can benefit from the power of plants, without depleting natural resources. Our first compound will liberate the world from rat poison
  • MATR Foods — MATR Foods is a food-tech startup that provides fungi-based food ingredients offering dishes produced from fungi like mushrooms, vegetables, and fruits.
  • Agrobiomics — Agrobiomics is a danish Agritech start-up, harnessing the power of soil bacteria and their metabolites as new biostimulants to help crops cope with abiotic stress such as drought.
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PreSeed Ventures
VC Fund · Lyngby, Hovedstaden, Denmark · 14 investments in Denmark Health Care startups, 6 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 119
  • Round size: Seed $500k–$3.3M; Pre-Seed $86k–$1.7M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $38M in 2020

Portfolio highlights

  • Jabbr — Jabbr allows to capture boxing matches with a virtual video production.Its goal is to make video production and advanced performance analytics in combat sports available to anyone with a smartphone.
  • Marts — Marts is an integrated platform that enhances the capacities of IT departments by eliminating these inefficiencies. Put unconnected systems and intimidating spreadsheets behind. IT asset management, support services, and procurement are all integrated into one platform by Marts.
  • NORTHSTAKE — Providing institutional investors with access to future economies through secure and trustworthy investment pathways for digital assets
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Seed Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 13 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Series A
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 166
  • Round size: Seed $500k–$4.8M; Series A $3.8M–$19M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $67M in 2021

Portfolio highlights

  • Embla — Embla provides an online medical weight loss treatment using prescription drugs and coaching. The company provides patients with evidence-based treatments, digital tools, medication, and coaching to facilitate sustainable weight loss. Embla was founded in 2021 and is headquartered in Copenhagen, Denmark.
  • Lunar — Get a free account and card - just like 750,000 others. Spend smart. Achieve financial peace of mind. Sign up in minutes.
  • Landfolk — Landfolk is the new marketplace for the special holiday homes that are hidden around the country. We have hand-picked every single cottage, where there are proud and passionate hosts, who love their holiday homes, but also like to share it with others.
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Sunstone Life Science Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 10 investments in Denmark Health Care startups

Sunstone Life Science Ventures is an independent European venture capital investment firm. We enable and empower life science therapeutics innovations.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: Denmark, Sweden, Switzerland

Investor stats

  • Total investments: 53
  • Round size: Series A $5.1M–$42M; Series B $9.6M–$136M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.
  • Rewind Therapeutics — Rewind Therapeutics is a developer of novel therapeutics intended to facilitate the treatment for neurological diseases.The company's first-in-class remyelinating therapeutics block inhibitory signals that prevent the expansion and migration of oligodendrocyte stem cells in order to promote effective remyelination, enabling medicalpractitioners to treat patients suffering from multiple sclerosis and other myelin-related diseases with efficacy.
  • TargED Biopharmaceuticals — TargED Biopharmaceuticals is a biotechnology company that develops first-in-class biological drugs to improve treatment of thrombosis.TargED stands for Targeted Enzyme Delivery. Their biological drugs are unique by using small antibodies (“VhH”) to deliver enzymes to sites of thrombosis, enabling ‘targeted’ thrombolysis.
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People Ventures
VC Fund · Taastrup, Hovedstaden, Denmark · 6 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Health Care, Internet of Things, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Sweden, United States

Investor stats

  • Total investments: 22
  • Round size: Pre-Seed $1.4M–$1.5M; Series A $6.1M–$21M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
  • Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
  • LEIA — LEIA is an application that provides postpartum support for new parents.
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VF Venture
VC Fund · 4 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Software, Biotechnology, SaaS
  • Stage:Seed, Series A
  • Geography: Denmark, United Kingdom, Iceland

Investor stats

  • Total investments: 28
  • Round size: Seed $1.2M–$8.9M; Series A $5.5M–$22M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Performativ — Performativ develops modern solutions for the asset and wealth management industry. Our clients span from small investment advisors to enterprise banks.
  • Chromologics — Chromologics produce natural sustainable colors. Our flagship product is ChromoRed which performs better than existing natural, red colorants. ChromoRed is also applicable with vegan, kosher and halal diets.
  • Onomondo — Onomondo is a global IoT network. Our IoT SIM and cloud platform future proof your devices with full data transparency, freedom to leave, and no third parties.
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West Hill Capital
VC Fund · London, England, United Kingdom · 4 investments in Denmark Health Care startups

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

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: United Kingdom, Denmark

Investor stats

  • Total investments: 37
  • Round size: Seed $1.2M–$5.5M; Series A $1.8M–$15M
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • Skyline Partners — Skyline Partners | Closing the Global Coverage Gap through Innovative Parametric Insurance Solutions.
  • ATLANT 3D Nanosystems — Micro and nanodevices are built and tested within days instead of months or years.
  • Whistleblower Software — A Whistleblower Software system made for accountants and lawyers that have clients, the whistleblower software system helps businesses implement a compliant solution that is both secure and transparent. their products are reporting links, case management, partner account they have designed a journey that makes feel safe about the process. AWS ishandling the physical security of the infrastructure, whistleblower software takes the shared responsibility of security between our cloud infrastructure and application seriously.
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Gilde Healthcare
VC Fund · Utrecht, Utrecht, The Netherlands · 4 investments in Denmark Health Care startups, 6 in the past 12 months

Gilde Healthcare is a specialized European healthcare investor managing two business lines: a lower mid-market buy-out fund and a venture & growth capital fund. It has over €800 million ($900 million) under management and is actively looking to lead new investments in digital health, diagnostics, medical devices, therapeutics and healthcareservices. Gilde successfully builds healthcare businesses across Europe and US, investing up to €35 million in a single portfolio company.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series C, Series B, Series A
  • Geography: United States, The Netherlands, Germany

Investor stats

  • Total investments: 100
  • Round size: Series A $8.6M–$47M; Series B $8M–$60M; Series C $21M–$50M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FIRE1 — FIRE1 and is based in Dublin, Ireland, will focus on developing novel therapeutic devices.
  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
  • GT Medical Technologies — At GT Medical Technologies, our purpose is Improving the Lives of Patients with Brain Tumors. GammaTile Therapy is Surgically Targeted Radiation Therapy (STaRT) for patients with brain tumors.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Denmark Health Care startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 109
  • Round size: Series A $5.5M–$55M; Series B $20M–$54M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Hemab — Hemab is pioneering the first preventative treatments and functional cures for patients with rare bleeding and thrombotic disorders.
  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
  • Vicore Pharma — Vicore Pharma is a pharmaceutical company dedicated to developing innovative medicines for severe lung disorders. It develops drugs that act through the AT2 receptor. The company’s drug candidate C21 aims to improve the treatment of idiopathic pulmonary fibrosis, a rare disease for which C21 has been granted orphan drug designation both in the EUand the US. In addition, C21 is explored pre-clinically in a number of rare diseases where the AT2 receptor plays an important role. The company is based in Astra Zeneca’s Bioventurehub in Mölndal.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Denmark Health Care startups, 7 in the past 12 months

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, Mobile Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Denmark, United States, Germany

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$4.6M; Pre-Seed $2.1M–$2.1M; Series A $5M–$15M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • QA.tech — Our AI combines the skills of a QA engineer with the speed of automated testing for you. This shortens your time to market, cuts costs and improves the quality of your web apps.
  • Rig.dev — Rig.dev offers an open-source application platform for Kubernetes. Rig.dev empower developers to work in their own environments with elevated application abstractions, while still leveraging Kubernetes's reliability, portability, and scalability.
  • Jellatech — Jellatech is a B2B biotech business based in Raleigh, NC, and with R&D in Wageningen, Netherlands. Jellatech is producing high-quality, pure, animal-free collagen and gelatin. Founded by a group of innovators, dreamers, entrepreneurs, and scientists, Jellatech is eliminating the dependency on animals, to make better ingredient products -starting with collagen and gelatin.
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Sweet Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Denmark Health Care startups

Sweet is the King.com (Candy Crush) founders' investment fund. We are passionate about funding the next generation of entrepreneurs focused on creating a positive impact through consumer technology.

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Investment focus

  • Industry: Apps, Software, Mobile
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 61
  • Round size: Seed $1.7M–$5M; Series A $3M–$24M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Pachama — Harnessing AI to drive carbon capture and protect global forests
  • The Expert — Book consultations with the world's top design experts
  • Masters — Train mind and body on the Masters app with full workout programs designed and run by the world's best athletes. Join today and start training like a pro.
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RA Capital Management
VC Fund · Boston, Massachusetts, United States · 3 investments in Denmark Health Care startups, 40 in the past 12 months

RA Capital Management is an investment advisor based in Boston specializing in the life-sciences and drug development sectors. The company's team has been investing since 2002 and is comprised of professionals with training in biology, chemistry, and medicine and also has industry and business development experience at the executive and boardlevels. The company invests in companies with promising technologies and products.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 275
  • Round size: Series A $26M–$151M; Series B $24M–$135M; Series C $30M–$200M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Hyku — Hyku Biosciences is developing the next generation of covalent medicines by targeting histidine, tyrosine and lysine binding pockets in disease-causing proteins.
  • Adela — Adela is focused on the detection of cancer and other high-morbidity, high-mortality conditions through a blood test.
  • SAB Biotherapeutics — A biopharmaceutical development company leading the science and manufacturing of antibody therapeutics. Utilizing some of the most advanced antibody science in the world, SAB is delivering the world’s first large-scale platform to create immunoglobulins. This natural production platform holds the potential for treatment of public health problems,rare conditions, long-term diseases and global pandemic threats.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 3 investments in Denmark Health Care startups, 21 in the past 12 months

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 232
  • Round size: Series A $4.4M–$53M; Series B $7M–$57M; Series C $10M–$54M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Crescendo Biologics — Crescendo Biologics is a new Cambridge-based company whose vision is to deliver next-generation antibody therapeutics based on novel class-leading platforms.The focus of the company is on developing platforms that will address key issues in generating high-affinity, soluble, human VH antibody fragments. These are the smallest fragments thatretain antibody binding, and have many desirable properties as potential therapeutics. Crescendo will then utilise these platforms for product development of in-house targets or in partnership with other companies.
  • Sitryx Therapeutics — Sitryx is a biopharmaceutical company focused on regulating cell metabolism to develop first-in-class disease modifying therapeutics in immuno-oncology and immuno-inflammation. The company was co-founded by a team of world-leading scientists from the United States and Europe who have contributed significantly to the field of immunometabolism.Sitryx was founded in 2018 with seed funding from SV Health Investors and raised $30 million Series A funding from an international syndicate of specialist investors including SV Health Investors, Sofinnova Partners, Longwood Fund and GSK. The company has a pipeline of projects at multiple stages of drug discovery. Sitryx is headquartered in Oxford, UK.
  • Tenpoint Therapeutics — Tenpoint Therapeutics is a biotechnology company pursuing vision-restoring engineered cell-based therapeutics.
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EIR Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Denmark Health Care startups

EIR Ventures is a new Life Science Venture Group in the Nordics.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Seed
  • Geography: Denmark, Sweden, United States

Investor stats

  • Total investments: 9
  • Round size: Series A $30M–$73M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Henlez — Henlez is a Danish startup company.
  • Synklino — Synklino is a developer of a CMV-specific immunotoxin intended to eradicate the cytomegalovirus infection. The company's immunotoxin is highly effective, potent and fast-acting that kills lytic and latently infected cells, enabling patients to have long-term health benefits for transplantation.
  • Pretzel Therapeutics — Welcome To A New Era In Mitochondrial Therapeutics. Developing treatments to address the genetic roots of mitochondrial dysfunction.
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Oskare Capital
VC Fund · Paris, Ile-de-France, France · 3 investments in Denmark Health Care startups

Oskare Capital is a venture capital firm.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, Denmark, United Kingdom

Investor stats

  • Total investments: 5
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Leva Clinic — Leva Clinic offers health care services for people with chronic pain. Their medical services include back pain, cancer pain, endometriosis, facial pain, fibromyalgia, joint pain, knee pain, multiple sclerosis, sciatica, and so on.
  • Octarine Bio — Octarine Bio is a synthetic biology company that produces superior cannabinoids for the pharmaceutical industry.
  • Herbolea Biotech — Unique bio-processing technologies NATURAL, SOLVENT-LESS Botanical extraction Learn more
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Crista Galli Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Health Care, Wellness, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Denmark

Investor stats

  • Total investments: 25
  • Round size: Seed $1.2M–$4.5M; Pre-Seed $614k–$2.5M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Surgery Hero — We combine expert human care, individually-tailored content and cutting edge tech to empower people to take control of their health so they can conquer their surgery.
  • Subtle Medical — Subtle Medical is a healthcare technology company that provides AI-powered medical imaging. Its products, SubtlePET and SubtleMR, are FDA Cleared and CE Marked AI product that enhances images in PET and MR exams aimed for faster & safer workflow.The company's SubtleGAD technology is also awarded by RSNA and a $1.6M NIH SBIR Grant tofacilitate the adoption using AI to make imaging exams safer. They provide a vendor-agnostic AI infrastructure powering its products and providing service and analytics to clinical imaging providers.Subtle Medical's goal is to improve the quality, value, and accessibility of medical imaging by significantly reducing cost, imaging time, and radiation dose.
  • Pear Bio — Pear Bio uses organ-on-a-chip and computer vision technology to recreate, visualize, and compute the human tumor microenvironment and its effects on cancer progression. The company was founded in 2017 and is headquartered in London.
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Innovation Fund Denmark
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Denmark, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $65k–$1.3M; Grant $30k–$2M; Pre-Seed $62k–$440k
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Tryp.com — There is always a reason to go! We use artificial intelligence to find the best travel deals at the lowest price. The algorithm compares and connects flights, trains, and buses to create the perfect multidestination trips with matching hotel offers.
  • Curvature AI — Grow your revenue with discounts and special offers selected and optimized by AI.
  • Breye Therapeutics — Protecting the Gift of Sight
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Wellington Partners
VC Fund · Munich, Bayern, Germany · 2 investments in Denmark Health Care startups

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 172
  • Round size: Series A $3M–$28M; Series B $6.7M–$43M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Nosto — Use Powerful Personalization Made Easy on e-Commerce Platforms. Nosto generates a 10-30% Average Increase in Revenue.
  • Minervax — MinervaX is pursuing the development of a vaccine against Group B streptococcus (GBS) infections by utilizing a particular fusion protein : click to read more
  • Seamless Therapeutics — Seamless Therapeutics is changing the paradigm of gene editing through a pioneering approach to restore health in patients with severe conditions in a safe and precise manner. Seamless technology platform unlocks the reprogramming of recombinases, a highly versatile class of enzymes.
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Investo Capital
VC Fund · Aalborg, Nordjylland, Denmark · 2 investments in Denmark Health Care startups

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.

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Investment focus

  • Industry: Health Diagnostics, Computer, Software
  • Stage:Seed
  • Geography: Denmark

Investor stats

  • Total investments: 4
  • Round size: Seed $1.6M–$3.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tentoma — Professional packaging machines. Horizontal stretch film packaging machines and innovative industrial wrapping and packaging equipment.
  • Create it REAL — Tailored 3D printing solutions. Enabled by our REALvision software, our electronics, and quality partner products.
  • Brainreader — Volumetric brain assessment software for detection of brain atrophies & abnormalities. In depth analysis of brain MRI. Contact Brainreader.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Denmark Health Care startups, 8 in the past 12 months

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 149
  • Round size: Seed $1.3M–$6.4M; Series A $2.7M–$14M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
  • Retein — Aquammodate is a greentech company that produces highly pure water at minimum energy cost.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Denmark Health Care startups, 6 in the past 12 months

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 138
  • Round size: Seed $482k–$3M; Series A $1.1M–$12M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $154M in 2022

Portfolio highlights

  • Haltian — End-to-end IoT solutions and world-glass product design services from Haltian
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • Value.Space — Space based risk assessments & monitoring
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Ysios Capital
VC Fund · San Sebastian, Pais Vasco, Spain · 2 investments in Denmark Health Care startups

Leading #lifesciences #venturecapital firm financing highly #innovative #biotechnology companies #worlwide.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Spain, United States, Switzerland

Investor stats

  • Total investments: 65
  • Round size: Series A $2.1M–$40M; Series B $17M–$37M; Series C $27M–$48M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • VarmX — VarmX is a pharmaceutical spin-off from the Leiden University Medical Center. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients. The lead product in the pipeline of VarmX is PseudoXa. PseudoXa is a modified recombinant human coagulation factor X which is capable ofimmediately restoring blood clotting in the presence of direct factor Xa anticoagulants (DOACS) such as rivaroxaban, apixaban, and edoxaban.These factor Xa coagulants are taken by millions of patients world-wide for the prevention and treatment of thrombosis and stroke, but as a side effect severe bleeding often occurs. PseudoXa is capable of stopping and preventing such bleedings thus making the usage of DOACS much safer.
  • Xeltis — Xeltis is pioneering a restorative approach in cardiovascular therapy.
  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
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CAPNOVA
VC Fund · Aarhus, Midtjylland, Denmark · 2 investments in Denmark Health Care startups

They are an investment and development company providing capital, solid business experience and a strong network in order to turn innovative ideas into successful businesses. They cover all of Denmark from their offices in Aarhus, Roskilde, Copenhagen, Viborg and Kalundborg.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Denmark, United States, India

Investor stats

  • Total investments: 24
  • Round size: Seed $144k–$2.3M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Ulobby — Ulobby is an automated tool for stakeholder management and political monitoring
  • Mechanic Miner — Mechanic Miner is a 2D construction/survival game with mechanical steam-powered machines. You are stranded on a strange and forbidding planet, where survival is made difficult by hostile animals and plant life. From your home world you did bring a multitool, which is able to craft any kind of machine part - provided the requisite rawmaterials can be found. Relying solely on the technology you brought, you set out to explore a whole world. You can progress through the game by acquiring new types of steam-powered technology elements, that are necessary to delve deeper into the diverse biomes of the planet, and perhaps, ultimately, discover the means to escape. You can construct any kind of machine of your own design - and any kind of machine can be simulated by the game's physics engine - and of course, designs can be shared with your friends.
  • ResoTher Pharma — ResoTher Pharma is a privately held biotechnology company located in Copenhagen, Denmark. The company is focused on developing peptide-based drugs derived from the endogenous immunomodulator Annexin 1A as resolution therapy for diseases where neutrophil-driven inflammation plays a key pathological role.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Denmark Health Care startups

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Iceland, Denmark, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $1M–$3M; Pre-Seed $400k–$1.3M; Series A $6.1M–$15M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Embla — Embla provides an online medical weight loss treatment using prescription drugs and coaching. The company provides patients with evidence-based treatments, digital tools, medication, and coaching to facilitate sustainable weight loss. Embla was founded in 2021 and is headquartered in Copenhagen, Denmark.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
  • Ellie.ai — Grasp your business needs and validate your product ideas before building your data pipelines. Use Ellie's conceptual data models and logical data models to design great data products.
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CBC Investment Group
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 2 investments in Denmark Health Care startups

CBC Investment Group started in 2009 in the midst of the financial crisis. The banks were on their knees, start-ups of small and medium-sized companies - all of a sudden they saw their credit and credit promises turned into demands for quick repayment and empty words. Serious talented entrepreneurs' ideas and companies risked going completelyunnecessary. In response to this crisis, they started the CBC Investment Group.

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Investment focus

  • Industry: Biotechnology, Software, SaaS
  • Stage:Seed, Series B
  • Geography: Sweden, Denmark, Germany

Investor stats

  • Total investments: 12
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • GLX Analytix — GLX Analytix is ​​a biomedical company that develops a new technology to identify a biomarker. The company was founded in 2019 and is based in Copenhagen, Denmark.
  • Swiftly — World's first AI that applies for jobs. Say goodbye to creating CV's, searching and applying for jobs. Let Swiftly do it for you! Welcome to the new age.
  • Hugel Control — HUGEL, Inc. strives to be a global company that continuously creates innovative products, promotes universal health, and improves the quality of life through state-of-the-art technology and creativity.
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14W
VC Fund · New York, New York, United States · 2 investments in Denmark Health Care startups

14W is a Venture Capital firm based in New York, focusing on the intersection of technology and consumer behaviour.

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Investment focus

  • Industry: E-Commerce, Fashion, Marketplace
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Spain

Investor stats

  • Total investments: 84
  • Round size: Seed $1.1M–$10M; Series A $6M–$14M; Series B $4.3M–$33M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Wallapop — Wallapop is a hyper-local mobile marketplace for buying and selling secondhand goods, primarily accessible via a mobile app. It uses a geo-localized technology that connects a community of 15 million users by offering an easy and convenient way to buy and sell items that are no longer used. The platform, which has found a second home for more than180 million items, provides people with access to unique goods at great prices while extending the life of fully functional products. Since its inception, Wallapop has been committed to continuous innovation in the online classifieds industry and second-hand market and aspires to use technology to contribute to sustainability. The company is backed by investors Korelya Capital, NAVER, Accel, Insight Venture Partners, 14W, and Northzone. It was founded in Barcelona, Catalonia, Spain by Agustin Gomez, Miguel Vicente, and Gerard Olive in 2013.
  • Cayena — Cayena is a B2B marketplace for the $100b+ wholesale food industry in Latin America. The company allows restaurants, bars, bakeries, hotels and dark kitchens to procure their inventory from multiple suppliers with next day delivery and a comprehensive suite of add-on services.
  • The Bank of London — The Bank of London home page.
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Karolinska
VC Fund · Solna, Stockholms Lan, Sweden · 2 investments in Denmark Health Care startups

Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 23
  • Round size: Series A $1.3M–$73M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Henlez — Henlez is a Danish startup company.
  • OssDsign AB — OssDsign was founded in May 2011 by Professor Håkan Engqvist, Dr Thomas Engstrand, Bo Qwarnstrom, Jonas Åberg, Uppsala University AB and other leading clinical, preclinical and materials researchers and engineers. The key people in the company are presented below. OssDsign has in addition developed a network of international experts in ClinicalAffairs, Regulatory and Business Development.
  • Modus Therapeutics — Modus Therapeutics is a Swedish drug development company developing sevuparin – a novel drug to treat people suffering from Sickle Cell Disease – a painful, inherited blood disorder affecting millions of people around the globe.
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Novo Ventures
VC Fund · Bagsværd, Hovedstaden, Denmark · 2 investments in Denmark Health Care startups

Novo A/S is a Danish private limited liability company wholly owned by the Novo Nordisk Foundation, and the holding company of the Novo Group and as such the majority shareholder in the publicly listed companies Novo Nordisk A/S and Novozymes A/S.Novo A/S was established in 1999 prior to the demerger of Novo NordiskA/S, where Novozymes A/S was established as a stand-alone publicly listed company. Novo's purpose and objectives are to manage the Foundation's financial assets and to ensure the Foundation sufficient dividends to cover its grant obligations for medical and scientific research etc. in Scandinavia.Novo A/S attains these objectives through:compliance with the rules and principles which are set out in the Articles of Association of the Novo Nordisk Foundation regarding exercise of the voting rights of A and B shares in Novo Nordisk A/S and Novozymes A/S, respectively, assurance that all companies in which the company has a material influence actively contribute to the development of the Novo Group and operate their business in accordance with the visions and values of the Novo Group, maintenance of a material influence on Novo Nordisk A/S and Novozymes A/S, and investment and financing business including placing of capital in companies and real property domestically and abroad.Novo’s overall investment strategy is thus to maintain ownership of Novo Nordisk’ and Novozymes’ shares at a level just above 25% and to invest dividends from these companies and other income in the life science area as well as in a broad portfolio of financial assets.Novo A/S has since 1999 established itself as an international venture capital partner in the life science area and has invested in over 50 companies in Denmark, Europe and North America. Through its financial investment activities Novo A/S seeks to spread the company’s total financial risk and at the same time to ensure a high return taking into consideration the chosen risk profile. In 2007 Novo A/S together with the Novo Nordisk Foundation established ‘Novo Seeds’. The new program (split into two sub-programs) is aimed at supporting early stage applied research in the life science area in Scandinavia. At the beginning of 2009 Novo A/S launched a new initiative, investing 'growth equity' into promising later stage/commercial stage life science companies. Novo A/S represents the interests of the Novo Nordisk Foundation through participation on the boards of the companies in the Novo Group.The companies in the Novo Group are members of a 'family of companies', independently managed, but sharing a set of common values as set out in the 'Charter for Companies in the Novo Group'. In the Charter these core values, commitments and management principles that companies in the Novo Group should live up to are described.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 77
  • Round size: Series A $8.4M–$49M; Series B $18M–$75M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • INBRACE — Swift Health Systems is a stealth stage medical device company developing INBRACE: a revolutionary, easy to use, wide indication, personalized orthodontic system hidden behind the teeth. Our patented self-guiding technology uses light and continuous forces to gently correct your smile with less pain and fewer doctor visits. INBRACE is FDAregistered and a catalyst for disruption in orthodontics. INBRACE increases the number of people who will seek orthodontic treatment by addressing the top concerns for patients while driving practice growth for clinicians. Our platform leverages digital treatment planning, computer modeling, and direct digital manufacturing to create a scalable, patient customized solution that delivers the standard of care across the entire range of orthodontic cases.
  • Theraxyte — Theraxyte is an innovative nano-drug developer. It focuses on the R&D and application of new nano-drugs, especially innovative drugs.
  • Amolyt Pharma — We are building on our team's established expertise in therapeutic peptides to deliver life-changing treatments to patients suffering from rare endocrine and metabolic diseases.
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Johnson & Johnson Development Corporation
VC Fund · New Brunswick, New Jersey, United States · 2 investments in Denmark Health Care startups

JJDC, Inc. is the strategic venture capital arm of Johnson & Johnson Innovation. Learn more about our equity investment strategy.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series C, Series B, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 121
  • Round size: Series A $9M–$35M; Series B $15M–$43M; Series C $15M–$35M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • CVRx — CVRx is a medical device company that develops implantable technology for the treatment of high blood pressure. Its products include Rheos implantable pulse generator that provides control and delivery of the activation energy; and Rheos carotid sinus leads, which conducts activation energy from the Rheos implantable pulse generator to the left andright carotid arteries. The company also offers a Rheos programmer system that communicates with the Rheos pulse generator. CVRx was founded in 2001 and is based in Minneapolis, Minnesota.
  • Binx Health — Binx Health is creating new categories of healthcare solutions that deliver on-demand testing to people where they need it most. With its proprietary, desktop, PCR-based point-of-care testing platforms and consumer mobile offerings, the company is redefining “convenient care” for the modern consumer
  • Osteal Therapeutics — Osteal Therapeutics is a privately-held, clinical-stage pharmaceutical company developing novel musculoskeletal therapeutics to treat orthopedic infections and their consequences.
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M Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Denmark Health Care startups, 17 in the past 12 months

Merck Ventures is the strategic, corporate venture capital arm of Merck. Its mandate is to invest in innovative technologies and products with the potential to significantly impact Merck‘s core business areas. From its headquarters in Amsterdam and offices in the US and Israel we invest globally in transformational ideas driven by greatentrepreneurs. Merck Ventures takes an active role in its portfolio companies and teams up with entrepreneurs and co-investors to translate innovation towards commercial success. Merck Ventures has a significant focus on early-stage investing and company creation including the creation of spin-offs to leverage Merck‘s science and technology base.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 119
  • Round size: Seed $2.1M–$18M; Series A $6M–$42M; Series B $9.5M–$67M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • CellFE — CellFE is a company developing a microfluidics based device to deliver gene-editing molecules. CellFE developed microfluidic device and process that can efficiently deliver gene-editing molecules into the human cells.
  • BeeOLED — BeeOLED’s technology enables OLED displays with significantly improved efficiency, brightness and operational stability at lower overall costs due to a less complex device structure.
  • Lightcast Discovery — Flexible control over droplet number, occupancy, location and movement. Enabling efficient, multi-step workflows with unprecedented flexibility.
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Balderton Capital
VC Fund · London, England, United Kingdom · 2 investments in Denmark Health Care startups, 24 in the past 12 months

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 305
  • Round size: Series A $3.5M–$23M; Series B $8M–$85M; Series C $8M–$55M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $600M in 2021

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Writer — Accelerate growth across every team with the most secure AI platform. We customize generative AI to your workflows, not the other way around.
  • Anytype — for those who celebrate trust & autonomy.
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Aescap Venture
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Denmark Health Care startups

The Aescap funds invest in highly innovative publicly traded biotech/life sciences companies. We're able to select the promising companies

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Investment focus

  • Industry: Biotechnology, Pharmaceutical, Chemical
  • Stage:Series A, Series B
  • Geography: United Kingdom, Austria, Belgium

Investor stats

  • Total investments: 13
  • Round size: Series B $4.9M–$24M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Orphazyme — Orphazyme develops innovative new therapies for the treatment of a family of serious genetic disordes called lysosomal storage diseases, and is based on discoveries emerging from the academic laboratory of its scientific founders: Professor Marja Jäättela and Thomas Kirkegaard Jensen from the Danish Cancer Society (Kræftens Bekæmpelse).Orphazyme is based in Copenhagen and has established collaborations with top-tier academic institutions in Europe and USA.
  • Avantium — Avantium is a leading technology company specialized in advanced high-throughput R&D for applications in the energy, chemicals and pharmaceutical industries. The company's headquarters and laboratories are located in Amsterdam, in the Netherlands.Avantium's proprietary high-throughput technology enables a faster and morecost-effective development of new and improved products and production processes. Using its unique rational approach towards the design of experiments and data analysis, Avantium is capable of accomplishing innovations with superior success rate. Avantium has demonstrated the validity and commercial viability of its technology by successfully providing research services and tools to more than 70 companies worldwide, including many industry leaders. The company's mission is to increase the success rate and economics of product and process development.Building on its expertise and track record in the energy, chemicals and pharmaceutical industries, Avantium focuses on developing products in two fields:new biofuels and bio-based chemicals, and new crystal forms of marketed drugs under patent.Avantium's strategy is to progress its development programs and exploit the commercial value of its expanding patent portfolio by securing value-adding partnerships during the coming years. Avantium seeks continuous expansion of its profitable services and tools business.Avantium has assembled a team of highly educated professionals who are experts in catalysis, crystallography, organic chemistry, engineering of robotic systems, process engineering, statistics, cheminformatics and software development. Its teams collaborate closely with partner R&D organizations.
  • F-Star Therapeutics — F-star is a clinical stage biotech developing next generation immunotherapies to transform the lives of patients with cancer. We are developing transformational cancer immunotherapies for patients who have few remaining options.
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Lundbeckfonden Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Denmark Health Care startups

Lundbeckfond Ventures is an evergreen life science venture fund established in the autumn of 2009 and wholly owned by the Lundbeck Foundation. The structure as an evergreen fund allows flexibility in the investment approach and the possibility, when appropriate, to take a long-term perspective in the investments. On an annual basis, LundbeckfondVentures invests up to € 50 million.Lundbeckfond Ventures is a financially driven venture fund generating returns to support the group's activities and operating independently from the Lundbeck Foundation’s controlling ownerships in H. Lundbeck A/S, ALK-Abelló and Falck.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 60
  • Round size: Series A $8M–$50M; Series B $12M–$37M; Series C $10M–$40M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • VarmX — VarmX is a pharmaceutical spin-off from the Leiden University Medical Center. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients. The lead product in the pipeline of VarmX is PseudoXa. PseudoXa is a modified recombinant human coagulation factor X which is capable ofimmediately restoring blood clotting in the presence of direct factor Xa anticoagulants (DOACS) such as rivaroxaban, apixaban, and edoxaban.These factor Xa coagulants are taken by millions of patients world-wide for the prevention and treatment of thrombosis and stroke, but as a side effect severe bleeding often occurs. PseudoXa is capable of stopping and preventing such bleedings thus making the usage of DOACS much safer.
  • Aura Biosciences — Aura Biosciences is pioneering a first-in-class technology to treat a wide variety of solid tumor types. We are initially pursuing cancers where patients are in need of a transformational change in treatment options, such as choroidal melanoma, so they can avoid choosing between preserving their life or their vision
  • LEXEO Therapeutics — LEXEO Therapeutics is a fully integrated biotechnology company. LEXEO Therapeutics’ pipeline consists of adeno-associated virus (AAV)-mediated therapies primarily developed at Weill Cornell Medicine’s Department of Genetic Medicine. Beyond LEXEO Therapeutics’ lead programs – which are focused on both rare and non-rare monogenic (singlegenemutation) diseases – the company’s preclinical pipeline spans monogenic diseases, as well as hereditary and acquired diseases across a spectrum of patient population sizes and a range of unmet medical needs. Importantly, LEXEO Therapeutics will focus on advancing clinical programs through to commercialization, with the goal of maintaining an ongoing research collaboration with Weill Cornell Medicine’s Department of Genetic Medicine to help advance the company’s pre-clinical pipeline.
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VentureFriends
VC Fund · Athens, Attiki, Greece · 2 investments in Denmark Health Care startups, 9 in the past 12 months

We are an early stage investor investing in Seed and Series A startups.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 98
  • Round size: Seed $384k–$6.5M; Series A $1.4M–$25M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $107M in 2021

Portfolio highlights

  • Embat — Keep your cash flows, cash accounts, debt positions and forecasts monitored and automated real time.
  • Embla — Embla provides an online medical weight loss treatment using prescription drugs and coaching. The company provides patients with evidence-based treatments, digital tools, medication, and coaching to facilitate sustainable weight loss. Embla was founded in 2021 and is headquartered in Copenhagen, Denmark.
  • Measurlabs — We provide testing services for any material, product, or chemical, helping product developers and quality managers get the information they need about their products.
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Dansk Erhvervsinvestering
VC Fund · 1 investments in Denmark Health Care startups

Dansk Erhvervsinvestering is a company that assists individuals with investing.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Geography: Denmark

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genmab — Genmab is an international biotechnology company focused on developing fully human antibody therapeutics for the potential treatment of cancer. Genmab's discovery, development, and manufacturing teams are using cutting-edge technology to create and develop products to address unmet medical needs. Its primary goal is to improve the lives ofpatients who are in urgent need of new treatment options.
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Novo Nordisk
VC Fund · Bagsværd, Hovedstaden, Denmark · 1 investments in Denmark Health Care startups

Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat diabetes and other serious chronic diseases.

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Investment focus

  • Industry: Biotechnology, Medical, Biopharma
  • Stage:Series A, Series C, Seed
  • Geography: Denmark, United States, France

Investor stats

  • Total investments: 9
  • Round size: Series A $5M–$12M; Series C $16M–$21M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Sundew — Targeting water-borne pests and diseases
  • The Sabi — Holistic, all natural skincare and herbal remedies for hormonal balancing. SABI represents a path to feeling well and beautiful, a place for key knowledge transfer and the essential self-care rituals to navigate the female hormonal journey.
  • ElevateBio — We provide the tools, time, and environment to innovate and accelerate development of life-saving Cell and gene therapies.
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Noble Group
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 1 investments in Denmark Health Care startups

Noble Group is a global supply chain manager of energy, power & gas products, metals and carbon steel materials, with interests in key facilities that add value at various stages of its supply chains. Noble Group manages a diversified portfolio of essential natural resources, with integrated sourcing, marketing, processing, financing andtransportation operations. Noble Group's Energy segment encompasses a portfolio of oil liquids and coal products and continues to be a significant driver for the Group’s growth. Gas & Power segment includes their retail energy business Noble Americas Energy Solutions and Gas & Power wholesale operations. In Metals & Mining, Noble Group is one of the world’s leading suppliers with interests in iron ore, aluminium, special ores and alloys across key global locations. The Corporate segment incorporates the Logistics business as well as investments in their major associates. Noble Group (SGX: N21) manages a portfolio of global supply chains covering a range of industrial and energy products. Operating from over 60 locations, Noble facilitates the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, the Group supplies high growth demand markets, particularly in Asia and the Middle East. Noble Group is ranked number 77 in the 2015 Fortune Global 500. Noble moves essential resources from producers to consumer across the world. Noble Group's success relies on a rigorously managed balance sheet, effective partnerships and a deep understanding of customer needs. Noble’s core strategy is to be the best company in the world at moving the physical commodity from the producer to the consumer and managing the market, credit and operational risk associated with that. Noble Group's solid financial position comes from a rigorously managed balance sheet with exceptional liquidity and a carefully guided exposure to risk - underpinned by deep relationships with global capital providers. At Noble, they have forged some of the most productive and enterprising partnerships in the industry and they have always believed that as their partners grow, so do they. Noble Group put energy and focus into staying relevant and being valuable to their customers, keeping their interests firmly integrated into their DNA.

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Investment focus

  • Industry: Medical, Health Care, Professional Services
  • Geography: United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Exiqon — Exiqon operates in two business areas: Life Sciences and Diagnostics. Exiqon Life Sciences, a leading provider of flexible solutions for RNA analysis. Exiqon’s research products are used by academia, biotech and pharmaceutical companies around the world to make groundbreaking discoveries about the correlation between gene activity and thedevelopment of cancer and other diseases. Exiqon Diagnostics collaborates with pharmaceutical and diagnostic companies to develop novel molecular diagnostic tests for early detection of diseases which can help physicians make treatment decisions based on the tools developed by Exiqon Life Sciences.
  • Digital-Healthcare — Digital Healthcare is a health care company. The company has been acquired by EMIS Group.
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EQT life science
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Denmark Health Care startups, 6 in the past 12 months

EQT life science develops innovative medicines, devices, and tools to address the single important thing that matters to the preservation of health. The organization believes that such opportunities add value to all stakeholders.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, The Netherlands, Switzerland

Investor stats

  • Total investments: 132
  • Round size: Series A $6.4M–$50M; Series B $5.4M–$69M; Series C $10M–$70M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $279M in 2023

Portfolio highlights

  • VarmX — VarmX is a pharmaceutical spin-off from the Leiden University Medical Center. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients. The lead product in the pipeline of VarmX is PseudoXa. PseudoXa is a modified recombinant human coagulation factor X which is capable ofimmediately restoring blood clotting in the presence of direct factor Xa anticoagulants (DOACS) such as rivaroxaban, apixaban, and edoxaban.These factor Xa coagulants are taken by millions of patients world-wide for the prevention and treatment of thrombosis and stroke, but as a side effect severe bleeding often occurs. PseudoXa is capable of stopping and preventing such bleedings thus making the usage of DOACS much safer.
  • Xeltis — Xeltis is pioneering a restorative approach in cardiovascular therapy.
  • Evommune — Evommune is taking a tissue-based approach to advance insights and accelerate the development of transformative medicines in inflammatory diseases.
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Index Ventures
VC Fund · San Francisco, California, United States · 1 investments in Denmark Health Care startups, 32 in the past 12 months

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 866
  • Round size: Seed $1.2M–$5.8M; Series A $3.1M–$22M; Series B $6.7M–$50M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Apron — Sort, pay and reconcile your invoices in seconds.
  • Worldover — Cosmetic compliance made simple
  • Class Companion — Class Companion is a new AI technology that allows professors to provide students with immediate, individualized feedback.
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Forbion Capital Partners
VC Fund · Naarden, Noord-Holland, The Netherlands · 1 investments in Denmark Health Care startups, 9 in the past 12 months

Impacting the future of medicine.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, The Netherlands

Investor stats

  • Total investments: 117
  • Round size: Series A $4.5M–$30M; Series B $12M–$115M; Series C $5.6M–$65M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Noema Pharma — BEYOND SYMPTOM CONTROL Developing therapies to help both orphan and larger patient populations with conditions of the brain and nervous system live their li ...
  • Seamless Therapeutics — Seamless Therapeutics is changing the paradigm of gene editing through a pioneering approach to restore health in patients with severe conditions in a safe and precise manner. Seamless technology platform unlocks the reprogramming of recombinases, a highly versatile class of enzymes.
  • Complement Therapeutics — Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Geographic atrophy (late dry age-related macular degeneration) is a chronic eye condition that affects millions - and for which there is
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Dreamcraft Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Health Care startups

Seed-to-A engineers. We invest in techdriven companies in the Nordics and Europe.

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Investment focus

  • Industry: Software, eSports, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Germany, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $120k–$3.6M; Pre-Seed $402k–$2.2M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Rig.dev — Rig.dev offers an open-source application platform for Kubernetes. Rig.dev empower developers to work in their own environments with elevated application abstractions, while still leveraging Kubernetes's reliability, portability, and scalability.
  • Teamway — Teamway is the new way to hire world-class remote tech talents on-demand. We connect great companies with the best tech talent in a remote and elastic setup.
  • Humani — We unleash humans inner superpower
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NOON Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Denmark Health Care startups

Noon Ventures is a Copenhagen-based, early-stage venture investor established in 2020. We invest in proven transformative technologies with the potential to impact environmental or climate challenges.

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Investment focus

  • Industry: Electronics, Biotechnology, Semiconductor
  • Stage:Seed
  • Geography: Denmark

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SpectroInlets — SpectroInlets enables measurements of dissolved gases for liquid environments, allowing for new measurement applications.
  • Enduro Genetics — Bioproduction can be difficult to scale to large cultivation volumes while keeping titers high. By applying game-changing synthetic biology technology, Enduro Genetics empowers our partner companies to maximize performance of all cells cultivated from their production strains.
  • Lotus Microsystems — Lotus Microsystems offers miniaturized highly integrated point of load power converters. The devices are engineered for portable electronics manufacturers ready for usage whenever tiny power supply units are needed. Our devices offer up to 72% reduction in footprint compared to existing solutions with higher efficiency and reliability. Our plug andplay solutions enable our customers to innovate their electronics without worrying about power supply units.
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Wellcome Trust
VC Fund · London, England, United Kingdom · 1 investments in Denmark Health Care startups

Wellcome Trust is a medical research charity that funds research that aims to protect and improving human and animal health. It focuses on the fields of public engagement, investments, innovation, humanities, and social science. It was founded in 1936 and headquartered in London, England.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Grant, Series C
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 108
  • Round size: Grant $1.2M–$6.8M; Series C $10M–$90M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • DataDotOrg — data.org brings together philanthropy, technology, academia, and social impact organizations to build the field of data science for social impact.
  • Generate Capital — Generate Capital is a finance company that builds, owns, and operates sustainable infrastructure to deliver affordable and reliable resource solutions. The company operates and finances assets in energy, mobility, and water resources.
  • Feinstein Institute for Medical Research — Feinstein Institute For Medical Research is the research arm of Northwell Health, the largest health care provider and private employer in New York State. Home to 50 research labs, 3,000 clinical research studies and 5,000 researchers and staff, the Feinstein Institutes raises the standard of medical innovation through its five institutes ofbehavioral science, bioelectronic medicine, cancer, health innovations and outcomes, and molecular medicine. We make breakthroughs in genetics, oncology, brain research, mental health, autoimmunity, and are the global scientific leader in bioelectronic medicine – a new field of science that has the potential to revolutionize medicine.
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Lauxera Capital Partners
VC Fund · Paris, Ile-de-France, France · 1 investments in Denmark Health Care startups

We are an independent, international, healthcare-focused asset management company. Led by entrepreneurial company builders and seasoned healthcare investors with experience across international markets, we invest in Healthcare growth capital and Healthcare public equities.

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Investment focus

  • Industry: Biotechnology, Medical Device, Computer
  • Stage:Series A, Series C, Series D
  • Geography: France, Denmark, The Netherlands

Investor stats

  • Total investments: 4
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Lifen — Lifen is a 160-person startup, based in Paris, whose ambition is to facilitate the deployment of digital solutions for hospitals, doctors and patients. Since 2015, Lifen has been simplifying the sharing of medical data and has quickly established itself as the leading MSSanté operator in France with more than 600 partner establishments. Everymonth, Lifen sends 2 million medical documents to 240,000 doctors. Creator of the FHIR France meetup and winner of the ANS interoperability prize 2020, Lifen's ambition is to use its expertise in interoperability with HIS to develop a platform that radically simplifies the technical integration and operational deployment of all types of digital solutions.
  • LUMICKS — LUMICKS delivers state-of-the-art technologies for the study of biology and cancer at the single-molecule and single-cell levels. It aims to build the unfinished bridge between structure and function at the molecular and cellular levels. Using its product C-Trap Optical Tweezers, Fluorescence Microscopy, scientists are able to analyze complexbiological processes in real-time. Similarly, the z-Movi Cell Avidity Analyzer enables the measurement and selection of immune cells based on their real-time interactions with target cells.
  • BioLamina — BioLamina offers laminin cell culture matrix, the only laminins that are the original, full length, human recombinant laminins on the market.
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SR One
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Denmark Health Care startups, 8 in the past 12 months

SR One Capital Management is a leading trans-Atlantic biotech venture capital firm that partners with top entrepreneurs, scientists and investment partners to seek to build elite biotechnology companies. Our mission is to translate ground-breaking technologies into next generation medicines to benef

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 154
  • Round size: Series A $3.7M–$40M; Series B $15M–$85M; Series C $27M–$57M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Fore Biotherapeutics — We are a precision oncology company pioneering the development of cancer therapies guided by our proprietary functional genomics.
  • Avalyn Pharma — This does NOT display on the home page
  • Nimbus Therapeutics — Nimbus Discovery is now Nimbus Therapeutics to reflect our transition into a clinical stage company. Nimbus Therapeutics is a biotechnology company headquartered in Cambridge, Mass., that is pioneering a new computational technology-driven paradigm to rapidly advance a diverse pipeline of novel small molecule product candidates into clinicaldevelopment. We are designing highly selective and potent medicines to disrupt known drivers of serious diseases, including metabolic disease, cancer and immune-inflammatory disorders.
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Sound Bioventures
VC Fund · Malmö, Skane Lan, Sweden · 1 investments in Denmark Health Care startups

Sound Bioventures is a venture capital fund investing in clinical stage companies.

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Investment focus

  • Industry: Medical, Biopharma, Life Science
  • Stage:Seed, Series A
  • Geography: Denmark, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • VarmX — VarmX is a pharmaceutical spin-off from the Leiden University Medical Center. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients. The lead product in the pipeline of VarmX is PseudoXa. PseudoXa is a modified recombinant human coagulation factor X which is capable ofimmediately restoring blood clotting in the presence of direct factor Xa anticoagulants (DOACS) such as rivaroxaban, apixaban, and edoxaban.These factor Xa coagulants are taken by millions of patients world-wide for the prevention and treatment of thrombosis and stroke, but as a side effect severe bleeding often occurs. PseudoXa is capable of stopping and preventing such bleedings thus making the usage of DOACS much safer.
  • AbolerIS Pharma — AbolerIS Pharma aims to develop novel and unique therapeutic approaches to induce immune tolerance.
  • Teitur Trophics — Teitur Trophics is a biotech company developing circular peptides for neurodegenerative diseases. The company was founded in 2020 and is headquartered in Aarhus, Denmark.
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North-East Healthcare Investment
VC Fund · Root, Luzern, Switzerland · 1 investments in Denmark Health Care startups

North-East is an ambitious, global family office helping our families live with wealth in a meaningful way from our offices in Denmark and Singapore.

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Investment focus

  • Industry: Therapeutics, Biotechnology, Medical Device
  • Stage:Series A
  • Geography: Denmark

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Reapplix — Diabetic foot ulcers have a debilitating impact on patients. About 60% of all patients experience a wound that does not heal.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Denmark Health Care startups, 56 in the past 12 months

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union.The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds;equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds.The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises.EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors.European Investment Bank was founded in 1958 and is based in Luxembourg.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, Ireland

Investor stats

  • Total investments: 202
  • Round size: Post-IPO Debt $6.4M–$536M; Debt Financing $11M–$321M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Valmet — Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries.
  • CTP — CTP NV is a real estate company that owns and develops industrial and logistics parks.
  • Cofina Ivory — Cofina Ivory is a savings and credit institution that operates in the sector of mesofinance.
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Health Care VC funding in Denmark at a glance

Stats across 175 deals from 159 investors.

159
investors
in Denmark Health Care startups
175
deals
in Denmark Health Care startups
$2.7M
median round
in Denmark Health Care startups
47%
lead investors
lead at least one round
23%
Seed
most common funding stage

Access all 159 VC funds in Denmark Health Care startups.

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