SEED Capital Denmark — Full Portfolio

Acarix provides diagnostic systems and supports investigator-initiated clinical trials and research projects to advance medical knowledge in cardiovascular disease assessment.

Digital HealthHealthtechMedical Devices

Claus Bo Vöge Christensen(Founder)Peter Samuelsen(Founder)

Co-investorsSESeventure PartnersSUSunstone 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-investorsDADamgaard CompanyGEGeneration VenturesSTStartFast VenturesTETen ElevenTRTrousdale Ventures

Blackbird is a restaurant loyalty, membership and payments platform with a consumer dining-rewards app built on blockchain rails.

BLBen Leventhal(Founder)inCarsten Lund Hansen(Founder)Martin Assenholm Nielsen(Founder)Michael Damsgaard Jensen(Founder)

Co-investorsA1a16z cryptoANAndreessen HorowitzCICircle VenturesCOCoinbase VenturesMIMischiefMUMulticoin Capital+8 more

Cardlay is a Danish fintech that provides card management, payment automation, and expense management software for banks and financial institutions.

Enterprise SoftwareFintechSaaSDenmark, DK

Jørgen Christian Juul(Founder)

Co-investorsGOGoose Valley VenturesSESEB Venture CapitalSESeed Capital Limited

Certainly builds agentic AI customer service agents deployed across web, messaging, email, SMS, and voice channels for enterprise customers.

AI & Machine LearningEnterprise SoftwareCopenhagen, DK

Darío Rodríguez López(Founder)Henrik Fabrin(Founder)

Co-investorsY Y 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

ITIben Teglman(Co-CEO)inMSMinghui Shan(Co-CEO)inHans Henrik Hoffmeyer(Founder)Karina Ørum(Founder)Lasse Birk Olesen(Founder)Mark Højgaard(Founder)

Co-investorsGEGecad VenturesSESEB Venture Capital

ComplyCloud provides compliance management and governance, risk, and compliance (GRC) software designed to help businesses navigate regulatory requirements and build trust.

Enterprise SoftwareLegalTechSaaSCopenhagen, DK

MFMartin Folke Vasehus(Founder)inHans Peter Vith(Founder)

Co-investorsSESeed Capital Limited

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)inJohn Bondo Hansen(Founder)Mikael Thomsen(Founder)

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

MBMads Blicher Fosselius(Founder)inJNJakob Nederby(Founder)inJPJacob Petersen(Founder)inKTKrisztian Tabori(Founder)inCLChristian Lohmann(Chief Executive Officer)inJacob Vous Petersen(Founder)

Co-investorsDADamgaard CompanyNONotion CapitalPRProject A VenturesVEVenture StarsGEGeneral AtlanticSESeed Capital Limited

Christian Thode Larsen(Founder)Lasse Hartz-Olsson(Founder)Peter Schack(Founder)

Embankment provides fund administration, corporate, and depositary services for alternative investment fund managers, covering strategies such as private equity, venture capital, real estate, and fund-of-funds.

Enterprise SoftwareFintechSaaS

Anders-Christian Fredslund-Andersen(Founder)David Svante Hansen(Founder)Mads Peter Pilkjær Harmsen(Founder)Martin Grønvald Raun(Founder)Rasmus Hummelmose(Founder)

Co-investorsBLBlackFin Tech

Flatpay provides payment and point-of-sale solutions for small and medium-sized businesses, including card payment processing with flat rates, POS systems, and daily settlements.

FintechRetail TechSaaSCopenhagen, DK

PLPeter Lüth(Founder)inRasmus Busk(Founder)inRasmus Hellmund Carlsen(Founder)Rasmus Preuthun Carlsen(Founder)Sander Janca-Jensen(Founder)

PartnerLALars Andersen· led

Co-investorsBOBOOOMCOCompanion M Gmb HDADawn CapitalSMSmash CapitalATAtlantic Vantage PointAXAXA Venture Partners

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)Danny Larsen(Founder)Dennis Kayser(Founder)Jens Pallesen(Founder)Niels Frederiksen(Founder)

Co-investorsBABalderton CapitalCRCrane Venture PartnersHEHeartcore Capital

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

TSThomas Sehested(Founder)inEPEmil Pfeiffer(Founder)inPGPeter Galfi(Founder)inEmil Pfeiffer Stenbøg(Founder)

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

JJJennifer Jarrett(Chief Executive Officer & Board Director)inSSSherwin Sattarzadeh(Chief Operating Officer)inBHBecker Hewes(Chief Medical Officer)GWGarrett Winslow(General Counsel)inJBJim Baker(Chief Corporate Affairs Officer)inBBBrian Burkavage(Senior Vice President, Finance)in

Co-investorsEIEIR VenturesHAHadean VenturesM M VenturesSESeventure PartnersSUSunstone CapitalYSYsios Capital+3 more

Grandhood provides pension advisory and financial services in Denmark.

FintechDenmark, DK

EFErik Frandsen(Kaptajn & Ejer)MDMorten Dyhrberg Wewer(Co-CEO)inAdam Ørskov(Co-CEO)inJens Kam(Founder)Jon Lieberkind(Founder)Mathias Bredkjær(Founder)

Co-investorsHEHeartcore CapitalSESeed Capital LimitedSPSpeedinvestSUSunstone Capital

Understory provides a booking and management system designed for experience businesses such as workshops, guided adventures, and camps.

B2B MarketplacesCreator EconomySaaS

Co-investorsFIfirstminute capitalPEPeople VenturesSESeed Capital Limited

Landfolk is a curated marketplace for booking handpicked holiday homes with distinctive character and design.

MarketplacesTravel & HospitalityÅrhus, DK

CSChristian Schwarz Lausten(Founder)inABAnders Boelskifte Mogensen(Founder)inCSCamilla Swartz(Founder)inCKCathrine K. Reimann(Founder)inCKChris Kjær Sørensen(Founder)inLKLars Kloster Silkjær(Founder)in

Co-investorsHEHeartlandSESeed Capital Limited

Libratone is a Danish audio brand that designs wireless speakers and headphones, including noise-cancelling and open-ear sports headphones, with a focus on Nordic design.

ConsumerHardware

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

Ken Villum Klausen(Founder)Peter Andreasen(Founder)

PartnerLALars Andersen· led

Co-investorsFUFuel Venture CapitalGOGoose Valley VenturesNFNFT VenturesPSPSV3737 AngelsANAngular Ventures+5 more

Mofibo is a subscription service offering unlimited access to over 1 million audiobooks, e-books, and podcasts in nine languages, with offline downloads and exclusive Mofibo Originals titles.

ConsumerMedia & EntertainmentSaaS

Co-investorsPSPSVHEHeartcore Capital

Moxso provides phishing simulation and security awareness training for employees.

CybersecurityCopenhagen, DK

RBRune Boye Knudsen(Founder)inMikkel Lindblom(Founder)

Co-investorsDODouble DownSESeed Capital LimitedUGUgly Duckling Ventures

Norlix is a digital insurance broker for businesses that uses company data to analyze existing policies and recommend insurance and pension coverage.

FintechInsurTechSaaS

JGJens Grønlund(Founder)in

Oplane builds continuous architectural threat modeling software for AI-first engineering teams, automating security analysis that runs alongside code changes rather than as periodic reviews.

AI & Machine LearningCybersecurityDeveloper ToolsMalmö, EU

CFCarl FagerlininBHBen Hutchisonin

Anders Söderling(Founder)Emil Kvarnhammar(Founder)Oscar Andersson(Founder)

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

Thor Angelo(Founder)

Co-investorsDADamgaard CompanyPOPollen Street CapitalSESeed Capital Limited

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

JBJoakim Bruchmann(Founder)inOVOscar Vingtoft(Founder)in

Co-investorsY Y CombinatorANAndreessen HorowitzEIEight CapitalFUFuturistic.VCGOGoodwater CapitalLILikeminded.Vc+3 more

Veo Go turns two iPhones into an automated sports camera that follows the action without a camera operator, using AI to record team matches and produce highlights.

AI & Machine LearningHardwareMedia & EntertainmentSports Tech

Keld(Co-founder)Henrik Teisbæk(Founder)Jesper Taxbøl(Founder)Keld Reinicke(Founder)

Co-investorsCOCourtside VenturesUPUP PartnersVEVentech

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

Christoffer Ljørring(Founder)Nicolai Rasmussen(Founder)Timm Jeppesen(Founder)

PartnerLALars Andersen· led

Co-investorsMOMorph Capital

Shiok Meats grows shrimp and other seafood through cellular agriculture, cultivating animal tissue in laboratories rather than harvesting from wild or farmed sources.

BiotechClimate TechFoodTechHealthtechSingapore, SG

LKLing Ka Yi(Founder)inSSSandhya Sriram(Founder)in

Co-investorsBIBig Idea VenturesENEntrepreneur FirstSUSustainable Food VenturesVEVegInvestY Y CombinatorAEAera VC+24 more

Superb offers a point-of-sale system and payment processing solutions for restaurants, bars, and small shops, combining a simple POS interface, card payments with daily payouts, and mobile ordering capabilities.

FintechRetail TechSaaS

Martin Jensen(Founder)Martin Khoshoda Jensen(Founder)Zaedo Musa(Founder)

Co-investorsKIKinnevik

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

Daniel Birkholm(Founder)Kevin Rebsdorf(Founder)

Co-investorsSESeed 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

Christian Lund(Founder)Henrik Printzlau(Founder)Jakob Bjersing(Founder)Jeppe Schytte-Hansen(Founder)Jesper Theill Eriksen(Founder)Morten Hald Mortensen(Founder)

PartnerLALars Andersen· led

Co-investorsDADamgaard CompanyDADawn CapitalFUFuturistic.VCGOGolub GrowthPSPSVBLBlue Cloud Ventures+3 more

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

Jeppe Curth(Founder)Peter Holm(Founder)Simon Hjære(Founder)

Co-investorsR/R/GA VenturesALAlven Capital

Review platform that IPO'd at a £1bn market cap

PHPeter Holten Muhlmann(Founder)inABAdrian BlairinPeter Holten Mühlmann(Founder)

Co-investors3C3Comma CapitalANAnaxagoBRBright Pixel CapitalCOCompanistoDRDraper AssociatesINIndex Ventures+4 more

Understory provides insurance products powered by a proprietary weather risk model and network of ground-based sensors to assess and price severe weather risks globally.

Climate TechInsurTechIoTMadison, US

Alexander Kubicek(Executive Officer, Director, Promoter)AJAlexander Jacobs(Founder)inSBSteve Benfield(Executive Officer)Patricia Wyngaard(Executive Officer)JAJack Alexander(Executive Officer, Director)Jim Marshall(Executive Officer, Director)

Co-investorsCSCSA Partners LLCMSMS&AD VenturesPRPrelude VenturesRERevolutionTRTrue VenturesVTVTF Capital+6 more

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-investorsCOCourtside VenturesPSPSVVEVentechAUAutotech VenturesFJFJ LabsGVGV (Google Ventures)+4 more

San Francisco, US

HZHeini Zachariassen(Founder)inTheis Søndergaard(Founder)

BoardJBJohan Brenner(Director)inMartin Hauge(Director)SCSuranga Chandratillake(Director)inNiels Vejrup Carlsen(Director)

Co-investorsARArmada Investment AGBABalderton CapitalDGDG Ventures, Inc.KIKinnevikPSPSVSPSprints Capital+3 more

Windar Photonics manufactures nacelle-mounted LiDAR sensors for wind turbines and provides retrofit optimization and monitoring solutions for wind farms.

CleantechDeep TechEnergyHardwareIshøj, DK

Jørgen Korsgaard Jensen(Founder)