Bankinvest Biomedical Venture
VC investing in Life Science start-ups, which have passed the proof-of-concept phase. Establised in 1998. Currently active investor in 30 ventures.

Bankinvest New Energy Solutions
VC offering start-up and/or early expansion financing to companies developing new energy solutions within renewable energy, distributed energy, and technologies for a more efficient traditional energy sector. Established 2002. Current portfolio of 11 ventures.

Capital+
Early venture fund focusing on IT startups.  Instea of the usual large institutional investors this fund was created by attracting smaller, more hands on, investors who contribute their knowledge and network.

CAT Invest
Established in 2003.  Roskilde-based VC linked to CAT Science Park, offering growth capital to well established, high-tech companies, which have already achieved high profitability rates.  Current portfolio of 3 companies.

Danfoss Corporate Ventures
VC fund owned by Danfoss A/S, providing seed, start-up, initial growth and expansion capital within the energy technology sector.

IFU
IFU, the Industrialisation Fund for Developing Countries, offers risk capital and advice to businesses investing in developing countries.

Dico
Established in 1993. VC fund investing in IT companies that have passed the proof-of-concept / proof-of-product stage.  Currently has 5 active investments.

Grundfoss New Business
Corporate venture department focusing on tech activities related to Grundfoss’ long term strategies.  Projects include www.infarm.dk and www.grundfoslifelink.com. Contact Mads F. Prebensen for further details.

Inventure Capital
Early stage VC investor in ICT and Life Science companies, more specifically in Computer Software, Telecommunication, Energy, Industry, Pharma/Biotech, Medical Equipment & Diagnostics areas. Usually invests in syndication with other investors. Current capital base of EUR 104 mil, with 18 active investments. Inventure Capital manages three VC funds: INCUBA Venture, InnFond (pre-seed investments in communication technology and medtech) and Syddansk Kapital.

Nordic Biotech
Copenhagen-based VC. Creates and invests in later stage biopharmaceutical companies.

Nordic Growth
Pan-Nordic investment team covering Scandinavia.

Nordic Venture Partners
VC providing capital for IT companies at all stages, from seed to IPO. Focuses on financing software and hardware companies in communication technologies, enterprise software and internet infrastructure. Current portfolio of 18 investments.

Northcap Partners
Copenhagen-based VC, providing early stage, expansion or buy-out financing for IT companies in Denmark and the Øresund Region. Formed in January 2007, has a portfolio of 16 active investments.  See my interview with Jacob Bratting Pedersen.

Northzone Ventures
VC fund providing start-up, early stage, initial growth and expansion financing for technology ventures, within communications, systems and components, enterprise software and IT services, consumer applications, materials and cleantech.  Currently 21 active investments in their portfolio. Min DKK 5 mil per investment; Established in 1996.

Norventum Capital
VC firm focusing on early stage high-tech startups.

Novi
VC, incubator and Science park providing funding for all venture stages, from seed capital to IPO. Focuses on ICT biotech and medico ventures. Located in Aalborg.

Novo
VC fund owned by The Novo Nordisk Foundation, investing in Life Science companies, in all stages from seed to IPO. Focuses on ventures within medical, biotech, medtech, improvement of food, nutrition and health & environmental sustainability areas. Establised 1999, has 50 active investments in the portfolio.  1-15 million DKK per investment.

Oeresund Healthcare
VC providing early stage, start-up and expansion capital to healthcare ventures, within medical devices, diagnostics and instruments, healthcare services, pharmaceuticals and biotechnology. Established 2000, now with a portfolio of 5 active investments. Min DKK 500.000 per investment.

Radiometer Venture Fund
VC owned by Radiometer A/S, providing start-up and initial growth capital to companies developing products and technologies within diagnostics, medical and biotech areas. Min DKK 1 mil per investment.
Note: the fund has no dedicated website, the above link is for the main company.

Scandinavian Life Science Venture
Swedish / Danish VC providing start-up and expansion capital to medico and biotech ventures. Min SEK 10 million per investment.

Science Venture Denmark
Owned by the University of Southern Denmark, focuses on Tech Transfer.

Sealand Capital
Relatively new venture capital firm currently (Q4 2009) raising a 45 mio. DKK fund and focusing on Danish startup cases.  See the interview with Peder Borchert and Christian Walther.

SEED Capital
Largest VC fund in Denmark within pre-seed and seed stages. Also acts as venture partner and administrator in DTU Innovation and Symbion Management early stage investments. Invests DKK 1-20 million in innovative, high-tech, research-based or knowledge-based ideas, with international growth potential, within the areas of Industrial/Cleantech, Bio/Medtech/Diagnostics and ICT. 60 active ventures in the portfolio.

Signal Invest
Private invesment company focusing on small and medium size tech companies.

Sunstone Capital
Early stage VC investor in based in Copenhagen and Menlo Park, California. Invests in early stage Life Science and Technology companies, more specifically in Software, Communication, Component, Drug Development, Medtech, Diagnostics. 30 active investments.  See my interview with Eric-Alan Rapp.

Syddansk Innovation A/S

Vaekstfonden (VF)
Government backed investment fund. Equity or loans or in partnership with private investors. Has 7 specialised investment funds. Invests in all industries except agriculture and fishing, in all stages, from pre-seed to expansion.  See the interview with Christian Motzfeldt.

VF Startkapital
Former “Need Driven Ventures” Fund.  Provides early stage investments in market-driven ventures, which develop technological solutions to currenlty unserved customer needs. No specific industry focus. Invests DKK 1.5 to 5 million per venture, with a possibility for a second round up to 30 million.

VF Kom-i-gang-lan
Provides loan guuarantees on 75% of bank loan, plus management advice for start-ups, with less than one year since the company was registered (with a CPR number). No specific industry focus. Guarantees for loans up to DKK 500.000

VF Partnerkapital
Helps find and co-invests on same terms as business angels in innovative companies in all industries, that have passed the proof-of-concept stage. Invests DKK 3-10 mil per venture. Established 2007, with a target og 5-8 investments per year. Current portfolio of 4 ventures.

VF Vaekstkapital
Growth capital for international expansion for young companies with significant international growth potential within IT (software and game development), medical technology, cleantech and materials technology . Invests in 6-7 companies per year with DKK 5-25 million per venture. Portfolio of 30 active investments.

VF Vaekstauktion
Provdes loan guarantees on 75% of bank loans for investments in start-ups, established companies with growth potential, or ownership successions. No specific industry focus. For loans between DKK 75.000 and 5 million.

Ventureplus
Danish VC fund investing in early growth, international expansion and generation succession in companies operating in traditional industries. Invests up to DKK 1 mil, with a share of min 20%, over 2-4 years.

Via Venture Partners
Established in 2006. Provides seed, early stage and international growth financing to ICT companies ready to expand outside the Nordic region. Focuses on companies with revenues from EUR 5 mil to EUR 30 mil, and invests up to EUR 20 mil in each venture.

1st Corporate Technologies
1st Corporate Technologies describes itself as a private equity investor for growth companies. They partner with companies that aim to grow internationally over a 2-3 year period then execute an exit. See the interview with founder and CEO Søren Jonas Bruun.