Copenhagen · Pre-Seed–Series A · 7 people tracked
Investment thesis
Nordic and Baltic–focused fund offering a 65+ founder/operator Collective, Silicon Valley bridges, integrated ESG design, and founder-written practical guidance on pricing and product-market fit.
Team · 7 people
from public directories
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Founder mafia
5 people who came through byFounders went on to found or lead other companies.
What they invest in
from 22 of 67 portfolio companiesSaaS ×12AI & Machine Learning ×11Fintech ×4Biotech ×3Consumer ×3Deep Tech ×3Developer Tools ×3Enterprise Software ×3
HQs:United States×6Denmark×5Sweden×2Switzerland×1Germany×1Estonia×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×52 founders×5
Investments · 67 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 12021 · 16 dated
Outfunnel builds a data synchronization platform that connects sales and marketing apps such as HubSpot, Pipedrive, Mailchimp, Monday, Airtable, and Klaviyo, letting SMBs sync contacts, score leads, and create cross-platform reporting.
Marketing TechSaaSSales TechTallinn, EE
Andrus Purde(CEO and Co-founder)Markus Leming(Co-Founder & Head of Product and Support)Michiel Klonhammer(CEO)
Co-investorsSpring CapitalSquareOneLIFT99Specialist VC
Zefram, officially Stealth Black Oy, is a Finnish technology company that uses computers and large language models to identify sales prospects with real needs and generate tailored arguments highlighting mutual benefits.
AI & Machine LearningSaaSSales TechHelsinki, FI
Tuomas RasilaAntti Lehtimäki
Co-investorsInventure
Adaptyv Bio develops technologies for protein engineering that enable the design and testing of new proteins for applications in medicine, industrial enzymes, and functional materials.
AI & Machine LearningBiotechDeep TechHealthtechLausanne, CH
Julian Englert(Founder)inDaniel Nakhaee-Zadeh Gutierrez(Founder)inRobert KapturGerard AntounSam Burns
Co-investorsHAWKTAILNeer Venture PartnersRheingau FoundersUnruly CapitalY CombinatorACE & Company+2 more
Arsenale builds an end-to-end biomanufacturing platform that combines micro-scale bioreactors, AI software, and large-scale fermentation infrastructure for precision fermentation at industrial scale.
AI & Machine LearningBiotechDeep Tech
Massimo Portincaso(CEO & Co-Founder)
Co-investorsCDP Venture CapitalPlanet A VenturesRiello Investimenti SGR S.p.A.
Aumio offers mobile apps that help babies (0-24 months) and children (up to age 12) fall asleep and relax using soundscapes, melodies, and guided imagination journeys.
ConsumerDigital HealthWellness & Fitness
Jean Ochel(Co-founder)
Co-investorsPartech Ventures
Contractbook provides a platform for automated contract management using machine-readable data formats and AI/machine-learning capabilities.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSCopenhagen
Niels Martin Brochner(Executive Officer, Director)Lars Floe Nielson(Director)Jaroslaw Owczarek(Executive Officer, Director)
BoardMary D'Onofrio(Director)inDarian Shirazi(Director)in
Co-investorsBessemer Venture PartnersGradient VenturesTiger Global Management
Corti provides healthcare-native APIs and an AI platform for developers building clinical applications, offering medical speech-to-text, text generation, medical coding, and an agentic framework through a single API (Symphony).
AI & Machine LearningDeveloper ToolsDigital Health
Andreas Cleve(Founder)in
Co-investorsEmblemNordic MakersAtomico
Joonas Jokela(Founder)Stella Wang(Founder)
Co-investorsSisu Game VenturesSpintop Ventures
Lovable is an AI-powered platform that enables users to build web applications and websites through conversational chat interactions with artificial intelligence.
AI & Machine LearningCloud ComputingDeveloper ToolsSaaSDover, US
Fabian Hedin(Executive Officer, Director)inAnton Osika(Executive Officer, Director)inBenjamin Fletcher(Director)Andy Toung(Executive Officer)
BoardMatt Murphy(Director)
Co-investors83NorthAccelAIX VenturesAnthropy PartnersBalderton CapitalCapitalG+28 more
Eduflow provides a platform for instructors to create interactive learning activities that engage students across educational institutions and corporate training programs, positioning them as active participants rather than passive consumers of content.
EdTechCopenhagen, DK
David Kofoed Wind(Founder/CEO)inMalthe Jørgensen(Founder)inSimon Lind(Founder/CPO)in
Co-investorsY Combinator
Gamerzclass is a Danish company offering an online learning platform for competitive video game players.
Gaming
Marinus ElgaardOliver GroenneRasmus HolmgaardVictor Folmann
Co-investors500 GlobalDreamcraft
Greenely offers a platform that lets households control, optimize, and reduce their electricity costs while earning from their energy automatically.
CleantechConsumerEnergyIoTSaaSSweden, SE
Co-investorsBackstage ABLuminar Ventures
Januar is a regulated EEA payment institution offering operational IBAN accounts, crypto trading and storage, and embedded accounts for businesses.
Crypto & Web3CybersecurityFintechSaaSCopenhagen, DK
Simon Ousager(Founder)inRasmus Bjerregaard(CEO)inMarcus Mølleskov(Chief Risk & Compliance Officer)in
Co-investors13books CapitalOutward VC
Dover, US
Antonio Vittorio Arbues(Executive Officer, Director)Miks Ozols(Executive Officer, Director)
Co-investorsExtantia Capital
Lucinity provides AI-powered financial crime prevention and anti-money laundering operations for financial institutions.
AI & Machine LearningEnterprise SoftwareFintechReykjavik, IS
GK(Founder and Executive Chairman)Daniel Pálmason(Chief Executive Officer and Co-Founder)inJohann Haraldsson(Chief Technology Officer and Co-Founder)inGuðmundur Kristjánsson(Executive Chairman and Founder)inGudmundur Kristjansson(Founder)
Co-investorsKarma VenturesKeen Venture PartnersCrowberry Capital
Monta provides an end-to-end EV charging software platform, including its Monta Hub charge point management system (CPMS), for charge point operators and businesses delivering full-service EV charging.
EnergyMobility & TransportationSaaS
Casper H Rasmussen(Founder)in
Co-investorsEnergize CapitalAENUCreandumExport and Investment FundHeadline
Normative offers science-based carbon removal and climate investment products to help companies compensate for emissions they cannot reduce and reach net zero.
AI & Machine LearningCleantechClimate TechSaaSStockholm, SE
Adam Wamai Egesa(Co-founder)inKristian Rönn(Co-founder)Robin Undall-Behrend(Co-founder)
Co-investorsCarbonHAWKTAILHorizons VenturesLuminar VenturesWave Ventures
Parahelp builds an AI-powered customer support agent that can be configured to integrate with external tools and APIs to resolve support tickets autonomously.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Anker Ryhl(Founder)inMads Liechti(Founder)in
Co-investorsOrange CollectiveSkyfall VenturesY CombinatorAlt CapitalHanabi CapitalHidden Capital
PipeBio provides a bioinformatics platform for drug discovery that enables scientists and bioinformaticians to analyze genomic and assay data.
AI & Machine LearningBiotechCloud ComputingData & InfrastructureHealthtechSaaSAarhus, DK
Owen Bodley(Founder)inJannick Bendtsen(Founder)in
Co-investorsY Combinator
IXI (Pixie Ray) develops adaptive eyewear with autofocusing lenses that track the wearer's eye movements to adjust focus for near or far vision.
Deep TechHardwareMedical Devices
Co-investorsHeartcore CapitalAmazon Alexa FundBragiel BrothersEurazeofirstminute capitalFOV Ventures+2 more
SafetyWing builds insurance and safety-net products for digital nomads and remote workers, including health, income, and travel coverage that works across borders.
FintechFuture of WorkInsurTechTravel & HospitalitySan Francisco, US
Sondre Rasch(Founder/CEO)inSarah Sandnes(Founder/CTO)inHans Nyvold Kjellby(Founder/COO)in
Co-investorsKinnevikMundi VenturesRocketship.vcY Combinator
Salto X provides a stock option and equity management platform for startups, aimed at founders, HR, and recruitment teams as well as option receivers.
FintechHR TechSaaS
Co-investorsBlockwallSpecialist VC
Smitten is a dating app that emphasizes personality-based matching and interactive games to make dating more enjoyable.
ConsumerSocial
Asgeir Visir(Founder)in
Co-investorsFrumtak VenturesMakers Fund
New York City, US
Fabian Perez(Founder)Colin Treseler(Founder)in
Co-investorsAcequia Capital (AceCap)Balderton Capital
Uizard is an AI-powered UI design and prototyping tool that lets users create mockups, wireframes, and interactive prototypes for mobile apps, websites, and web apps.
AI & Machine LearningDeveloper ToolsSaaSCopenhagen, DK
Co-investorsAV8 VenturesConnetic VenturesInsight PartnersLDV CapitalNew York Venture Partners
Portfolio news
latest coverage across their companiesEdit with · eu-startups.com · Aug 12, 2026
Normative · business-standard.com · May 24, 2026
Parahelp · featurebase.app · May 20, 2026
Aumio · techfundingnews.com · Mar 24, 2026
Lucinity · trysignalbase.com · Mar 24, 2026
Adaptyv · ggba.swiss · Oct 27, 2025
Monta · indianstartupnews.com · Jul 19, 2025
Loki Robotics · quasa.io · Jul 12, 2025
Frequently asked questions
- How many investments has byFounders made?
- byFounders has 58 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
- What stage does byFounders invest at?
- byFounders invests at the Pre-Seed, Seed, Series A stages.
- What is byFounders's typical check size?
- byFounders typically writes checks of $540K – $4.3M.
- What sectors does byFounders focus on?
- byFounders focuses on Consumer, Data & Infrastructure, EdTech, Enterprise Software, Fintech, FoodTech, Media & Entertainment, PropTech, SaaS, Sector Agnostic.
- Where is byFounders located?
- byFounders is headquartered in Copenhagen, DK.
- Does byFounders lead rounds?
- byFounders typically participates in rounds rather than leading them.
- Who does byFounders co-invest with?
- byFounders most often shares deals with Balderton Capital, Emblem, Luminar Ventures, among 56 tracked co-investors.
From the blog
visit blog ↗byFounders has written about their founder-friendly investment practices, including their approach to term sheets prioritizing founder interests, and their distinctive Collective of experienced operators and founders supporting portfolio companies. They have also announced backing for Fload, an agentic platform automating mobile app distribution. AI summary
Media · Podcasts & interviews
featuring the teamFounders need to think global from day one: Sara Rywe, General Partner at byFounders
Scaling-Europe · Sara Rywe
FULL INTERVIEW: Sara Rywe on byFounders, New Nordics Investing, Generational VC firm building
VENTURES with Viraj Acharya · Sara Rywe
Martin Krag, Partner at byFounders on the journey to partner, firm culture and coaching courage
The European VC · Martin Krag
ACT #199 Sara Rywe, byFounders
EUVC · Sara Rywe
Sara Rywe from byFounders is Signing Contracts for a Living—and Loving Every Second of It!
Contractbook · Sara Rywe
Investor i Nordic Solar siden 2015 - Tommy Andersen, byFounders stifter
Tommy Andersen · vimeo.com
Co-investors · 25
Creandum is a venture capital firm that invests in technology companies, backing them at early stages before their potential becomes widely obvious.
Luminar Ventures is a Nordic seed-stage venture capital firm founded by former founders and angel investors, backing pre-seed and seed companies across sectors.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.
Partech is a global investment firm that backs founders across multiple continents and at every stage through dedicated teams and funds.
Headline is a global venture capital firm investing in early- and growth-stage founders, with teams on the ground across multiple continents.
Operator Collective is a venture firm built around a Collective Venture Model, backed by 200+ operator limited partners who are current tech executives and provide portfolio companies with access to enterprise decision-makers, expertise, and networks.
Heartcore Capital is an early-stage venture capital firm backing European founders from inception. It invests in startups from inception through Series A, and also invests in web3 protocols from idea to liquid tokens.
Hummingbird Ventures is an Australian investment family office that applies a repeatable investment framework across asset classes, industries, and holding periods.
Energize Ventures is an investment firm that partners with entrepreneurs and operators to deploy AI-enabled software solutions across climate, energy, and industrial sectors, focusing on the digitization and decarbonization of critical industries.
Polaris Partners is a venture capital firm that partners with biotech and healthcare entrepreneurs to build transformational companies.
▶13 more co-investors
EQT VenturesCausal2xNfoobar.vcLa FamigliaAmplo VenturesPossible VenturesWorld FundEmbedded CapitalBerkeley Blockchain XceleratorFlash VenturesGreenPoint PartnersElo Health
Firms observed investing alongside byFounders, from public investor directories. Shared companies are the overlap with byFounders's recorded portfolio.
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