€135 (1 billion DKK) from Seed Capital to ambitious tech entrepreneurs in Denmark
Tech entrepreneurs in Denmark can look forward to new funding from tenured investment team at Seed Capital. €67 million is raised in first close with pledges from among others Chr. Augustinus Fabrikker, Dansk Vækstkapital & Preben Damgaard, with the aim of raising a total of €135 million.
Seed Capital has built a unique position in Denmark as a successful seed stage investor with a team that has backed renowned tech companies such as Trustpilot, Vivino, Templafy, Lunar and Dixa. The strong performance from previous funds has convinced limited partners to invest in the new fund.
‘’We are pleased to have received backing to a new fund from our existing investors and a strong network of serial entrepreneurs. We are also grateful that so many talented entrepreneurs choose us as their investor and partner. A prerequisite for us to be able to attract funds is that we have the best entrepreneurs in our portfolio, with whom we can build great companies and generate return for our investors’’ Says Ulla Brockenhuus-Schack, Managing Partner at Seed Capital, about the new fund.
Over the past 15 years, Seed Capital has invested and worked with more than 300 start-ups in Denmark and helped several companies to commercial success. The extensive experience from previous funds has provided the team with valuable insights making them able to spot winning teams and help them scale successfully to create attractive financial returns investors.
‘’The Danish tech start-up scene has matured with many experienced and ambitious serial entrepreneurs. We have finetuned our investment strategy accordingly and now focus entirely on strong entrepreneurs in the technology space based in Denmark, who have a proven product market fit and good commercial traction.’’ Says Ulla Brockenhuus-Schack.
The Seed team has been extended with Peter Egehoved as a new General Partner joining the team lead by managing partner Ulla Brockenhuus-Schack with Lars Andersen and Niels Vejrup Carlsen as continuing GPs. All are top-level businesspeople with more than 10 years’ experience building companies and unique venture capital experience from managing SEED Funds 1–3 over the last 15 years.
Venture capital fills a crucial funding role in the ecosystem, and the number of active early stage funds in the Danish market is scarce and has not increased the last couple of years. This leaves Seed Capital in a significant position within the seed segment. Over the years, the venture fund has built a strong network and relationship with world-class international syndication partners, who they can collaborate with to fund the most promising entrepreneurs of tomorrow located in Denmark.
About Seed Capital
Seed Capital is Denmark’s largest venture capital fund within the seed segment investing in technology companies. The venture fund has established itself as the most successful seed stage investor in Denmark.
Seed Capital was born in December 2004 and has since then been instrumental in establishing 300 companies, thereby creating over 3,000 new jobs. The Seed team has identified, funded and helped many companies to commercial success, and some to profitable exits — companies such as Trustpilot, Vivino, Templafy, Endomondo, Lunar and Mofibo.
Read more on seedcapital.dk
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