Fundraising Fox

Heartcore Capital

Venture capital

Copenhagen · Pre-Seed–Series A · 30 people tracked

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Investment thesis

Heartcore Capital focuses on backing European founders described as having genius and courage, investing from the earliest inception stage through Series A. The firm runs two investment practices: a venture arm supporting early-stage companies from inception to Series A, and a Web3 arm investing in protocols from initial idea through to liquid tokens.

Invests inCrypto & Web3Sector AgnosticCopenhagenEuropeNorth America

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Copenhagen, DK
Leads rounds
Follows
Instruments
Equity
Founded
2007
AUM
$770M
Tracked investments
32

Team · 30 people

from the firm's website & public directories
Heidi Haurholm-Rasmussen· Partner and Head of Capital Formationin
Levin Bunz· Partnerin𝕏
Tomáš Fanta· Investorin
Yohan Pereira· Principalin𝕏
Angelo Panumaht Goepel· Analystin𝕏
Anne Klüssendorf· Accountantin
Emma Kullenberg· Office Assistantin
Gustav Dalby Hillmann· Finance Assistantin
Johan-Emil Pind· Investor Relations Assistantin
Malte Hjortkjær· Legal Assistantin
Péter Szalay· Finance Assistantin
Signe Kaae Veistrup· Legal Assistantin

What they invest in

from 8 of 32 portfolio companies

AI & Machine Learning ×4Gaming ×3Consumer ×2Enterprise Software ×2Fintech ×2Healthtech ×2Media & Entertainment ×2SaaS ×2

HQs:United States×4United Kingdom×2Denmark×1Finland×1France×1

Investments · 32 tracked

founders shown can be your intro path
Mojiworksmojiworks.comin✓ verified

Mojiworks develops games that connect communities through social play on platforms like Discord, Reddit, and Snapchat.

AI & Machine LearningCreator EconomyGaming

Matthew Wiggins(CEO)in

Axanaaxana.com
Bywaybyway.travel
Capalo AIcapaloai.comin

Capalo AI develops AI-powered software to optimize energy storage systems, lower price volatility, and reduce carbon emissions.

AI & Machine LearningCleantechClimate TechEnergyHelsinki, FI

Henri Taskinen(Co-Founder & Chief Executive Officer)inRiku Kukkonen(Co-Founder & Chief Sales Officer)inEerik Jauhiainen(Co-Founder & Chief Technology Officer)inTeemu Lappalainen(Co-Founder & Development Director)in

CarbonPoolcarbonpool.earthin
Culacula.techin
EGIDE Acquiredegide-tech.comin
Flexflex.ai
Gourmeygourmey.comin𝕏
IONLACEionlace.comin𝕏
Isentroniqisentroniq.comin
Joejoe-app.comin𝕏

An affiliate review site that publishes a data-driven analysis of the offshore Leon Bet online casino and sportsbook, scoring its game catalogue, bonuses, licensing, and withdrawal times for French-speaking gamblers.

FintechGamingMedia & EntertainmentParis, FR

Kevin Ohana(Founder)inYohan Elbase(Founder)in

Kivekive.ai𝕏

Van Nuys, US

JEDD GOLD(Executive Officer, Director)JEFF LIPP(Executive Officer, Director)

Kobajkobaj.dk
Likemindedlikeminded.care
Lucaaskluca.comin𝕏

Luca provides AI-powered pricing optimization software for retail businesses, analyzing sales data to identify opportunities for revenue and profit improvement and recommending price adjustments to capture additional margin.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Tanvi Surti(Founder)inYonah Mann(Founder)in

Lucaluca.africain𝕏

Luca Technologies provides bookkeeping software and business registration solutions for small and medium enterprises in Africa.

Enterprise SoftwareFintechSaaSChatsworth, US

Lucaedulucaedu.comin
Meetdavismeetdavis.comin
Ninetynineninetynine.com

Chicago, US

Daniel Nussbaum(Chief Executive Officer)

Nūminumi.lifein

Nūmi uses cell culture technology to produce a new form of nutrition, aiming to replicate the benefits of breast milk as an alternative for parents and infants, with potential applications across other age groups.

BiotechFoodTechHealthtech

PhaseTreephasetree.aiin
Pixieraypixieray.comin
Podimopodimo.com

Podimo is a premium audio subscription service offering original and exclusive podcasts without ads, audiobooks, and curated podcast feeds through RSS.

ConsumerMedia & EntertainmentCopenhagen, DK

Morten StrungeNikolaj KoppelSverre DueholmAndreas SachseEva Lægdsgaard

Qlubqlub.ioin
Qualiastudiosqualiastudios.devin𝕏
Quellplayquell.comin𝕏

Quell develops fitness gaming software that combines combat-based gameplay with physical exercise, helping users achieve fitness goals through interactive gaming experiences.

AI & Machine LearningConsumerGamingHardwareHealthtechLondon, GB

Cameron Brookhouse(Founder)inLorenzo Spreafico(Co-founder, COO)inDouglas Stidolph(Founder)inMartin Tweedie(Founder)in

Quesmaquesma.comin
Skynopyskynopy.com
Spinnablespinnable.aiin
Sunbeamsunbeam.cx
Voyfaivoyfai.com

Frequently asked questions

What stage does Heartcore Capital invest at?
Heartcore Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does Heartcore Capital focus on?
Heartcore Capital focuses on Crypto & Web3, Sector Agnostic.
Where is Heartcore Capital located?
Heartcore Capital is headquartered in Copenhagen, DK.
Does Heartcore Capital lead rounds?
Heartcore Capital typically participates in rounds rather than leading them.

Images

Heartcore Capital photo

Co-investors · 85

Balderton Capital

Balderton Capital's portfolio page listing companies it has backed across stages, sectors, and geographies, primarily in Europe.

Both backed · 2
MojiworksMeetdavis
$5M – $50M
Hardware Club

Hardware Club is a selective community for hardtech companies worldwide that facilitates knowledge-sharing and networking among members to accelerate growth and reduce costly mistakes.

Both backed · 1
Headline

Headline is a venture capital firm that invests in early-stage consumer internet and mobile companies across global markets.

Both backed · 1
$661K – $103M
Thrive Capital

Thrive Capital invests in internet, software, and technology-enabled companies. The firm focuses on early-stage and growth-stage ventures.

Both backed · 1
$500K – $25M
83North

83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.

Both backed · 1
$100K – $10M
Alven

Alven is an independent early-stage venture capital firm that has been investing for 25 years, positioning itself as a straightforward, hands-on partner to entrepreneurs.

Both backed · 1
Skynopy
byFounders

byFounders is an early-stage venture capital firm investing in the Nordic region. The firm focuses on founders building globally competitive companies with positive social or environmental impact.

Both backed · 1
Pixieray
$540K – $4.3M
Big Idea Ventures

Big Idea Ventures is a venture capital fund with startup accelerators focused on solving global challenges in the food innovation space. The firm operates accelerator programs twice yearly across New York City, Singapore, and Paris, investing in alternative protein and food technology startups.

Both backed · 1
Gourmey
$125K – $2.5M
Lifeline Ventures

Lifeline Ventures is a sector-agnostic early-stage investor that partners with founders from the very beginning and supports them as they grow. Its team brings global experience building and scaling companies as founders and in executive roles.

Both backed · 1
Air Street Capital

Air Street Capital is a venture capital firm that backs AI-first companies, typically investing at the earliest stages.

Both backed · 1
Gourmey
$500K – $10M
Frst

Frst is a venture capital firm that invests in early-stage companies in France.

Both backed · 1
Flex
$540K – $5.4M
Accel

Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.

$1.6M – $70M
73 more co-investors

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Firms observed investing alongside Heartcore Capital, from public investor directories. Shared companies are the overlap with Heartcore Capital's recorded portfolio.

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