SEED Capital Denmark
Venture capitalCopenhagen · Seed–Growth · 11 people tracked
Investment thesis
SEED Capital positions itself as a long-term partner to exceptional Nordic-based founders, investing at the seed stage and continuing to support companies through Series A, later rounds and exit. It emphasizes a high conversion rate (over 70%) from seed to Series A and points to a strong performance record among European funds. The firm makes initial investments of roughly EUR 2-4M and recently raised a EUR 140M fund committed to outstanding Danish founders. It highlights the experience and hands-on support of its team as central to founders' success.
Source: firm website, verified Aug 3, 2026.
Team · 11 people
from the firm's website & public directories
What they invest in
from 30 of 42 portfolio companiesSaaS ×14Fintech ×9AI & Machine Learning ×8Enterprise Software ×8B2B Marketplaces ×3Hardware ×3Medical Devices ×3Biotech ×2
HQs:Denmark×19United States×4European Union×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×52 founders×33 founders×14+ founders×2
Investments · 42 tracked
founders shown can be your intro pathCo-investorsInventure
Acarix provides diagnostic systems and supports investigator-initiated clinical trials and research projects to advance medical knowledge in cardiovascular disease assessment.
Digital HealthHealthtechMedical Devices
Co-investorsSunstone Capital
Blackbird Coffee supplies automated coffee machines, premium whole-bean coffee, and ongoing maintenance service to businesses and offices in Denmark on a pay-per-cup model.
FoodTechIoTSaaSDenmark, DK
Co-investorsDamgaard CompanyTen Eleven
Cardlay is a Danish fintech that provides card management, payment automation, and expense management software for banks and financial institutions.
Enterprise SoftwareFintechSaaSDenmark, DK
Co-investorsGoose Valley Ventures
Certainly builds agentic AI customer service agents deployed across web, messaging, email, SMS, and voice channels for enterprise customers.
AI & Machine LearningEnterprise SoftwareCopenhagen, DK
Co-investorsY Combinator
Coinify is a virtual currency platform that enables businesses to accept crypto payments and provides payment processing services, corporate brokerage, and trading solutions across 180+ compliant markets.
Crypto & Web3Fintech
Iben Teglman(Co-CEO)inMinghui Shan(Co-CEO)in
Co-investorsGecad Ventures
ComplyCloud provides compliance management and governance, risk, and compliance (GRC) software designed to help businesses navigate regulatory requirements and build trust.
Enterprise SoftwareLegalTechSaaSCopenhagen, DK
Bukwang Pharm is a South Korean pharmaceutical company that develops and licenses drugs for antiviral, gastrointestinal, CNS, and metabolic disorders.
BiotechDigital HealthMedical DevicesCopenhagen, DK
Thomas Sager(CEO)
Dixa builds agentic AI and AI-powered tools for customer service, serving ecommerce brands and enterprises across multiple channels to resolve inquiries faster and scale operations.
AI & Machine LearningE-commerceSaaSCopenhagen, DK
Mads Blicher Fosselius(Founder & Chief Innovation Officer)inJakob Nederby(Co-Founder & CPTO)inJacob Petersen(Co-Founder & Sr. Director of Engineering)inKrisztian Tabori(Co-Founder & Head of Design)inChristian Lohmann(Chief Executive Officer)in
Co-investorsDamgaard CompanyNotion CapitalProject A VenturesVenture StarsGeneral AtlanticSeed Capital Limited
Digital health and fitness community acquired by Under Armour in 2015.
Co-investorsDamgaard Company
Co-investorsM Ventures
Business telephony (now Relatel) for SMEs; sold to TDC Group in 2019.
Flatpay provides payment processing and point-of-sale systems for businesses in Denmark.
FintechCopenhagen, DK
Peter Lüth(Founder)inRasmus Busk(Founder)in
PartnerLars Andersen· led
Accelo is a professional services automation platform that includes Forecast, which provides predictive AI for resourcing, capacity planning, and financial forecasting.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSHouston, US
Sam Starr Griffin(Executive Officer)
Co-investorsBalderton CapitalCrane Venture Partners
Fortiv builds an AI-native platform for business continuity management that integrates incident management and mass notification to help organizations anticipate, prepare for, and recover from disruptions.
AI & Machine LearningEnterprise SoftwareSaaSCopenhagen, DK
Thomas Sehested(Co-Founder & CEO)Emil Pfeiffer(Co-Founder & CPO)Peter Galfi(Founding CTO)
Danish challenger telecom offering broadband, TV and mobile; acquired by TDC in 2009.
NASDAQ-listed company based on Lund University research developing galectin-3 targeting therapies for idiopathic pulmonary fibrosis and other fibrotic diseases.
Co-investorsEIR VenturesHadean Ventures
Damora Therapeutics is a biotechnology company developing subcutaneous biologics as targeted, disease-modifying treatments for patients with mutant calreticulin (mutCALR)-driven myeloproliferative neoplasms such as essential thrombocythemia and myelofibrosis.
BiotechMedical Devices
Jennifer Jarrett(Chief Executive Officer & Board Director)Sherwin Sattarzadeh(Chief Operating Officer)Becker Hewes(Chief Medical Officer)Garrett Winslow(General Counsel)Jim Baker(Chief Corporate Affairs Officer)Brian Burkavage(Senior Vice President, Finance)
Co-investorsEIR VenturesM VenturesSunstone CapitalYsios CapitalMaverick VenturesOrbiMed
Grandhood provides pension advisory and financial services in Denmark.
FintechDenmark, DK
Erik Frandsen(Kaptajn & Ejer)Morten Dyhrberg Wewer(Co-CEO)Adam Ørskov(Co-CEO)
Co-investorsSunstone Capital
Understory provides a booking and management system designed for experience businesses such as workshops, guided adventures, and camps.
B2B MarketplacesCreator EconomySaaS
Co-investorsPeople Venturesfirstminute capitalSeed Capital Limited
Landfolk is a curated marketplace for booking handpicked holiday homes with distinctive character and design.
MarketplacesTravel & HospitalityÅrhus, DK
Christian Schwarz Lausten(Founder)inAnders Boelskifte Mogensen(Founder)Camilla Swartz(Founder)Cathrine K. Reimann(Founder)Chris Kjær Sørensen(Founder)Lars Kloster Silkjær(Founder)
Audio company acquired by a Hong Kong investor consortium in 2014.
Lunar is a 100% digital bank offering personal banking services including accounts, digital and physical cards, savings, investment, and cryptocurrency trading, with headquarters in Denmark.
FintechCopenhagen, DK
PartnerLars Andersen· led
Co-investorsFuel Venture CapitalGoose Valley VenturesPSVEniac VenturesIndustrious VenturesPromus Ventures+2 more
Moxso provides phishing simulation and security awareness training for employees.
CybersecurityCopenhagen, DK
Rune Boye Knudsen(Founder)in
Co-investorsDouble DownSeed Capital LimitedUgly Duckling Ventures
OrderYOYO provides restaurants with an all-in-one platform for online and in-store ordering, marketing, and payment processing.
B2B MarketplacesDirect to ConsumerMarketplacesRetail TechSaaSCopenhagen, DK
Co-investorsDamgaard CompanyPollen Street Capital
Pluto.markets offers a stock market investment platform designed for the roughly 100 million Europeans in non-Euro countries, addressing the outdated systems and high barriers that have long characterized investing in these regions.
Crypto & Web3FintechCopenhagen, DK
Joakim Bruchmann(Founder)inOscar Vingtoft(Founder)in
Co-investorsY Combinator
Relatel offers cloud-based phone switchboard (omstilling) solutions for small and mid-sized businesses to handle incoming calls, with features like main numbers, welcome greetings, menu options, and call queuing.
AI & Machine LearningCloud ComputingE-commerceEnterprise SoftwareHardwareSaaS
Risika provides B2B credit risk assessment and automated decision-making solutions for Nordic companies, using data and integrated risk policies to help businesses evaluate customer creditworthiness and fraud risk.
Data & InfrastructureEnterprise SoftwareFintech
PartnerLars Andersen· led
Co-investorsMorph Capital
Talenthub (branded as Starred) provides feedback and analytics tools that collect insights from recruiters and hiring managers to measure engagement, experience, and collaboration within talent acquisition teams.
Future of WorkHR TechSaaS
Co-investorsSeed Capital Limited
Templafy provides an AI-powered platform that automates document creation and management for enterprise customers, helping them reduce manual work, ensure compliance, and drive revenue growth.
AI & Machine LearningEnterprise SoftwareSaaSNew York, US
PartnerLars Andersen· led
Co-investorsDamgaard CompanyDawn CapitalGolub GrowthPSVBlue Cloud VenturesInsight Partners
Tonsser builds a mobile app that enables football players to create a digital identity and showcase their athletic achievements to managers, coaches, and scouts.
B2B MarketplacesConsumerSports Tech
Co-investorsR/GA VenturesAlven Capital
Business-in-a-box solution for experience creators
Co-investorsfirstminute capitalPeople Ventures
Veo develops an affordable AI-powered camera system that automatically records and live-streams sports matches, primarily football, for clubs and teams from grassroots to professional levels.
AI & Machine LearningHardwareSports Tech
Keld(Co-founder)
Co-investorsCourtside VenturesPSVVentechAutotech VenturesFJ LabsInterplay Ventures+1 more
San Francisco, US
Heini Zachariassen(Executive Officer, Director, Promoter)inMartin Hauge(Director)Suranga Chandratillake(Director)Jon Kaplan(Director)Niels Vejrup Carlsen(Director)Lars Andersen(Director)
Co-investorsArmada Investment AGBalderton CapitalKinnevikPSVSprints CapitalCreandum+1 more
Windar Photonics manufactures nacelle-mounted LiDAR sensors for wind turbines and provides retrofit optimization and monitoring solutions for wind farms.
CleantechDeep TechEnergyHardwareIshøj, DK
Exits · 1
IPOs and acquisitions across the tracked portfolioEndomondoacq. by Under Armour
Portfolio news
latest coverage across their companiesVeo · micromobility.substack.com · Aug 20, 2026
Forecast · ts2.tech · Aug 15, 2026
Superb · morningstar.com · Jul 14, 2026
Oplane · arcticstartup.com · Jul 8, 2026
Lunar · kavout.com · Jun 26, 2026
Risika · techsavvy.media · Apr 27, 2026
Norlix · techsavvy.media · Mar 12, 2026
Frequently asked questions
- How many investments has SEED Capital Denmark made?
- SEED Capital Denmark has 42 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does SEED Capital Denmark invest at?
- SEED Capital Denmark invests at the Seed, Series A, Growth stages.
- What is SEED Capital Denmark's typical check size?
- SEED Capital Denmark typically writes checks of $2.1M – $4.3M.
- What sectors does SEED Capital Denmark focus on?
- SEED Capital Denmark focuses on Consumer, Deep Tech, Fintech, SaaS, Sector Agnostic.
- Where is SEED Capital Denmark located?
- SEED Capital Denmark is headquartered in Copenhagen, DK.
- Does SEED Capital Denmark lead rounds?
- Yes, SEED Capital Denmark leads investment rounds.
- Who does SEED Capital Denmark co-invest with?
- SEED Capital Denmark most often shares deals with Damgaard Company, PSV, Balderton Capital, among 28 tracked co-investors.
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