What stage does Ugly Duckling Ventures invest at?

Ugly Duckling Ventures invests at the Pre-Seed, Seed, Series A stages.

What is Ugly Duckling Ventures's typical check size?

Ugly Duckling Ventures typically writes checks of $540K – $1.1M.

What sectors does Ugly Duckling Ventures focus on?

Ugly Duckling Ventures focuses on Enterprise Software, Medical Devices, SaaS.

Where is Ugly Duckling Ventures located?

Ugly Duckling Ventures is headquartered in Copenhagen, DK.

Ugly Duckling Ventures

Venture capital

Copenhagen · Pre-Seed–Series A · 3 people tracked

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Investment thesis

UDV invests in early-stage Nordic B2B software and technology companies with proven revenue traction and potential to scale into category-leading businesses. Its focus is concentrated on Medtech, Resilience Tech, and Business Services software. The firm looks for outstanding, complementary founding teams and takes an active, operational, GP-led approach, staying hands-on without being intrusive. It deploys smaller initial tickets while reserving the largest portion of the fund for follow-on investments as companies gain traction. Beyond capital, UDV offers strategic guidance, mentorship, and access to a network built over more than a decade in the Danish startup community.

Invests inEnterprise Software Medical Devices SaaSCopenhagenDenmarkEuropeFinlandNorwaySweden

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Series A

Check

$540K – $1.1M

Copenhagen, DK

Instruments

Equity

Founded

2021

Tracked investments

Team · 3 people

from public directories

Andreas Green Rasmussen· Partner· Copenhagen, Capital Region of Denmark, Denmarkin

Co-founder of Ugly Duckling Ventures (2021) with a background in business operations, international expansion and M&A. Founded Challenge Copenhagen (acquired by Ironman, 2013) and Nodes (acquired by Monstarlab, 2017), later serving as EMEA CEO at Monstarlab; angel investing since 2014.

a•••@uglyduckling.venturesreveal

Louise Lachmann· Partner· Copenhagen, Capital Region of Denmark, Denmarkin

Partner focused on B2B SaaS, GTM and international scale. Co-founder and CEO of Mono Solutions (acquired by Bauer Media Group, 2019), chairman of The Danish Foundation for Entrepreneurship, and board member at Eupry, Kanda and Juristic.

l•••@uglyduckling.venturesreveal

Rune Hven-Jensen· Partner· Copenhagen, Capital Region of Denmark, Denmarkin 𝕏

Co-founder of Ugly Duckling Ventures (2021) with expertise in B2B SaaS and e-commerce product development and strategy. Founded Nodes' London office in 2012 (acquired by Monstarlab, 2017) and held senior/director product roles at Planday through its exit to Xero in 2021; angel investing since 2016.

r•••@uglyduckling.venturesreveal

What they invest in

from 1 of 3 portfolio companies

Cleantech ×1Deep Tech ×1EdTech ×1Enterprise Software ×1HR Tech ×1

HQs:Denmark×1

Investments · 3 tracked

founders shown can be your intro path

BeCause

The first AI-powered hub making sustainability data management flow simpler, faster and cheaper than ever for travel

Eupry

Automated temperature compliance made for pharma

Kandakanda.dkin

Kanda creates digital simulations and VR training courses for corporate learning in the maritime, renewable energy, and health sectors.

CleantechDeep TechEdTechEnterprise SoftwareHR TechAarhus, DK

Frequently asked questions

What stage does Ugly Duckling Ventures invest at?: Ugly Duckling Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Ugly Duckling Ventures's typical check size?: Ugly Duckling Ventures typically writes checks of $540K – $1.1M.
What sectors does Ugly Duckling Ventures focus on?: Ugly Duckling Ventures focuses on Enterprise Software, Medical Devices, SaaS.
Where is Ugly Duckling Ventures located?: Ugly Duckling Ventures is headquartered in Copenhagen, DK.

Media · Podcasts & interviews

featuring the team

Women in Tech - At the forefront of innovation: Louise Lachmann, Ugly Duckling Ventures

Bird & Bird · Louise Lachmann

Images

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