Seed Capital raises a Growth Fund to continue funding a strong portfolio.
The Investors in Seed Capital recognize that a very strong portfolio has been built. To secure continued financial support to the most promising, the partners have raised Seed Capital III Growth K/S at DKK 465 million.
Seed Capital invests in promising Danish tech companies at the seed stage and keep investing in the best of them all the way to exit. They target companies with a very large addressable market, a strong team and a winning solution. Typically, the first investment is at the seed stage, at which point they assist the company in building a scalable business including securing strong unit economics and new funding rounds with international investors. 65% of Seed’s initial investments receive a Series A funding, beating the European market benchmark of 19%. Recent investment rounds where Seed have participated include: Balderton investing in Forecast, Kinnevik investing in Superb, and InSight Partners and Blue Cloud in Templafy.
Managing Partner Ulla Brockenhuus-Schack: “We are happy, that our investors are supporting Seed Capital’s investment strategy. Thereby helping us to be a meaningful partner to our founders through their entire journey of building their growth companies to successful exit. This is potentially also very sound financially”.
PFA participated as investor in the fund, where Peter Tind Larsen, Head of Alternative Investments explains why: “There is a noticeable financial potential in the portfolio, the Seed team has built. We are pleased to be investing in this growth fund aimed at an existing portfolio of promising Danish venture companies, from which we expect an attractive risk-adjusted return”.
Mikkel Hesselgren, Senior Vice President in Vaekstfonden,
“At Vaekstfonden we want to contribute to build the companies of the future. Seed Capital has a strong track record in supporting the rising stars of the Danish tech scene. It is important that we manage to support these companies throughout their growth journey while keeping their headquarters and roots in Denmark. Therefore, we are very pleased by this investment.
Also DVKIII and Augustinus and Sampension participated in the fund.
About Seed Capital
Seed Capital is the most successful seed stage tech investor in Denmark. With more than 20 years of experience and a strong track record in funding companies from seed stage to Series A, Seed has helped many of Denmark’s best tech startups grow to commercial success. Seed focuses on outstanding entrepreneurs in Denmark with innovative technology-based companies with global potential. Among the companies Seed has funded are Trustpilot, Vivino, Templafy, Lunar, Dixa, Veo, Forecast, Mofibo and Endomondo. For more information, visit: www.seedcapital.dk.
PFA is a pension company, but we are much more than that. We exist to serve our customers, and our ambition is to create sustainability today for a good life tomorrow. That is why corporate responsibility is part of our DNA. Beyond creating value for our customers, we also want to contribute to creating a sustainable society. Today, we have more than 1.3 million customers and 6,000 corporate and organisational customers.
Vaeksfonden is the Danish state’s investment fund. Working in close collaboration with banks and domestic and international investors, Vaekstfonden discovers and develops the companies that Denmark cannot afford to miss out on. The power of innovation, yield to society and responsibility are the three signposts that guide Vaekstfonden in finding and choosing new projects. Since 1992, Vaekstfonden has contributed more than DKK 38 billion to help develop and grow more than 10.000 companies.