# ByFounders: portfolio, investments and team

> ByFounders is a vc firm based in Denmark. 71 investments on record, 15 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/byfounders (Millionrounds; every figure on the page links to its filing or article)

Denmark · [Investor](https://millionrounds.com/investors)

# ByFounders

Last cheque observed Sep 2026; 71 cheques on record.

Email

Deploying now New fund $146M, Jun 2026 VC firm

Pre-seed Seed Series A Agnostic Apps Beauty

Follow ByFounders and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbyfounders)

Deploying now

**83%** of best year **15** **cheques in 12 months**, 71 on record

Since the last cheque **39** days **00** hrs **00** min **00** sec

Median round **$3.6M** Cheque size, as they say **$300K – $6.0M** Rounds led **7 of 71** Sole investor **13 rounds** Mostly in **Denmark, 28%**

Pitch ByFounders

## ByFounders highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Seed and Pre-seed: 67% of its rounds
- 03 Sole investor in 13 rounds, median $1.4M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $300K – $6.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Agnostic Apps Beauty
- **Based in:** Copenhagen, Denmark
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **71 appearances**

- **2026** 12 rounds
- **Sept** **[Verda](https://millionrounds.com/company/verda)** Series B · FI · ArcticStartup **$189M** With 9 others
- **Sept** **[Fluencify](https://millionrounds.com/company/fluencify)** Pre-seed · SE · TechStartups **$4.3M** *Led*
- **Aug** **[Cota Robotics](https://millionrounds.com/company/cota-robotics)** Pre-seed · EE · Firms' own news pages **$2.2M** *Led*
- **Aug** **[Adapyv Bio](https://millionrounds.com/company/adapyv-bio)** Series A · CH · Ventureburn **$40M** With 3 others
- **May** **[Fload](https://millionrounds.com/company/fload)** Pre-seed · GB **$2.5M** Sole investor
- **Apr** **[Spiral Hydrogen](https://millionrounds.com/company/spiral-hydrogen)** Pre-seed · NL **$3.1M** With 3 others
- **Apr** **[Flare](https://millionrounds.com/company/flare)** Pre-seed · DK **$4.2M** With 1 other
- **Apr** **[Loki Robotics](https://millionrounds.com/company/loki-robotics)** Venture · CH **Undisclosed** With 3 others
- **Mar** **[Tangled](https://millionrounds.com/company/tangled)** Seed · FI **$4.5M** With 1 other
- **Mar** **[Apylon](https://millionrounds.com/company/apylon)** Pre-seed · DK **$2.3M** Sole investor
- **Mar** **[Quantica](https://millionrounds.com/company/quantica)** Venture · DE **Undisclosed** Sole investor
- **Feb** **[Intric](https://millionrounds.com/company/intric)** Seed · SE **$4.5M** Sole investor
- **2025** 14 rounds
- **Dec** **[Soolv](https://millionrounds.com/company/soolv)** Pre-seed · NO **$1.0M** Sole investor
- **Nov** **[Digitail](https://millionrounds.com/company/digitail)** Series B · RO · Ventureburn **$23M** With 4 others
- **Nov** **[Sumary](https://millionrounds.com/company/sumary)** Pre-seed · DK **$4.2M** With 2 others
- **Sept** **[DataCrunch](https://millionrounds.com/company/datacrunch)** Series A · FI · TechStartups **$64M** *Led*
- **Sept** **[Adaptyv Biosystems](https://millionrounds.com/company/adaptyv-biosystems)** Seed · CH **$8.0M** With 3 others
- **Sept** **[Verda](https://millionrounds.com/company/verda)** Series A · FI **$65M** With 2 others
- **Sept** **[Parahelp](https://millionrounds.com/company/parahelp)** Series A · DK **$18M** With 1 other
- **Sept** **[Greenely](https://millionrounds.com/company/greenely)** Series A · SE **$3.7M** With 4 others
- **Jul** **[Lovable](https://millionrounds.com/company/lovable)** Series A · SE · Crunchbase News **$200M** With 9 others
- **Jun** **[Ento](https://millionrounds.com/company/ento)** Venture · DK **Undisclosed** With 1 other
- **May** **[Loki Robotics](https://millionrounds.com/company/loki-robotics)** Pre-seed · CH **$1.6M** With 2 others
- **Apr** **[IXI](https://millionrounds.com/company/ixi)** Series A · FI · TechCrunch **$37M** With 8 others
- **Feb** **[Arsenale Bioyards](https://millionrounds.com/company/arsenale-bioyards)** Seed · IT **$10M** With 2 others
- **Feb** **[FocalX](https://millionrounds.com/company/focalx)** Seed · DK **$1.9M** Sole investor
- **2024** 7 rounds
- **Nov** **[DREM](https://millionrounds.com/company/drem)** Pre-seed · SE **$1.0M** Sole investor
- **Jul** **[Rune](https://millionrounds.com/company/rune)** Venture · US **$8.0M** With 4 others
- **Jul** **[Figurement](https://millionrounds.com/company/figurement)** Pre-seed · DK **$1.1M** Sole investor
- **May** **[QA.tech](https://millionrounds.com/company/qa-tech)** Seed · SE **$3.3M** With 1 other
- **Mar** **[Yaak Technologies ApS](https://millionrounds.com/company/yaak-technologies-aps)** Seed · DE **$2.0M** With 1 other
- **Feb** **[AIKO](https://millionrounds.com/company/aiko)** Pre-seed · US **$1.6M** Sole investor
- **Feb** **[Januar](https://millionrounds.com/company/januar)** Seed · DK **$1.6M** With 1 other
- **2023** 8 rounds
- **Oct** **[Creative Force](https://millionrounds.com/company/creative-force)** Series A · US **$8.9M** With 3 others
- **Sept** **[Corti](https://millionrounds.com/company/corti)** Series B · DK **$60M** With 5 others
- **Sept** **[Rig.dev](https://millionrounds.com/company/rig-dev)** Pre-seed · DK **$2.2M** With 2 others
- **Aug** **[Jellatech](https://millionrounds.com/company/jellatech)** Seed · US **$3.5M** With 1 other
- **Jul** **[Cello](https://millionrounds.com/company/cello)** Seed · DE **$5.8M** With 3 others
- **Feb** **[Spoke.ai (acq. by Salesforce)](https://millionrounds.com/company/spoke-ai-acq-by-salesforce)** Pre-seed · DE **$1.5M** With 1 other
- **Feb** **[OWND](https://millionrounds.com/company/ownd)** Pre-seed · DK **$750K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**2+** funds on file numbered funds in its name

Who backs their funds

## 2 LPs on record in ByFounders's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Molten Ventures** 1 fund](https://millionrounds.com/fund/molten-ventures) Fund Vintage Committed byFounders - -
- [**EIFO (Denmark)** 1 fund](https://millionrounds.com/fund/eifo) Fund Vintage Committed byFounders - -

New fund on file

**$146M**

raised in Jun 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$3.6M** the round, not its cheque Alone, median **$1.4M**

Led 7 of 71 rounds **10%**

- **Said size:** $300K – $6.0M
- **Sole investor:** 13 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *29*
- Pre-seed said *17*
- Series A said *13*
- Series B said *6*
- Venture *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 5
- [Partech Ventures](https://millionrounds.com/fund/partech) 4
- [Tesi](https://millionrounds.com/fund/tesi) 4
- [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) 3
- [Makers Fund](https://millionrounds.com/fund/makers-fund) 3
- [PSV](https://millionrounds.com/fund/psv) 3

**Pitching ByFounders?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as ByFounders. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Partech Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/partech)[**Tesi** Government **4** rounds together](https://millionrounds.com/fund/tesi)[**Luminar Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/luminar-ventures)[**Makers Fund** VC firm **3** rounds together](https://millionrounds.com/fund/makers-fund)[**PSV** Venture studio **3** rounds together](https://millionrounds.com/fund/psv)[**Possible Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/possible-ventures)[**Seed Capital** VC firm **3** rounds together](https://millionrounds.com/fund/seed-capital)[**The Danish Growth Fund** VC firm **3** rounds together](https://millionrounds.com/fund/v-kstfonden)[**20VC** VC firm **2** rounds together](https://millionrounds.com/fund/20vc)[**Atomico** VC firm **2** rounds together](https://millionrounds.com/fund/atomico)[**Boost VC** VC firm **2** rounds together](https://millionrounds.com/fund/boost-vc)

## Recently backed

The latest companies ByFounders put money into.

[**Cota Robotics** $2.2M · Aug 2026](https://millionrounds.com/company/cota-robotics)[**Fload** $2.5M · May 2026](https://millionrounds.com/company/fload)[**Spiral Hydrogen** $3.1M · Apr 2026](https://millionrounds.com/company/spiral-hydrogen)[**Loki Robotics** Apr 2026](https://millionrounds.com/company/loki-robotics)[**Tangled** $4.5M · Mar 2026](https://millionrounds.com/company/tangled)[**Apylon** $2.3M · Mar 2026](https://millionrounds.com/company/apylon)

## Quick answers about ByFounders

### What does ByFounders invest in?

ByFounders invests most often at Seed and Pre-seed (67% of the rounds on record), in sectors such as Agnostic, Apps and Beauty.

### How active is ByFounders?

71 investments on record, 15 of them in the last 12 months, and it led 7. The most recent was in Sept 2026.

### What has ByFounders invested in recently?

Its most recent investments on record: Verda (Series B, Sept 2026), Fluencify (Pre-seed, Sept 2026) and Cota Robotics (Pre-seed, Aug 2026).

### How big are ByFounders's cheques?

The median round it joins is $3.6M. It says it writes cheques of $300K to $6.0M.

### Does ByFounders lead rounds?

Sometimes: it led 7 of its 71 investments on record (10%).

### Where does ByFounders invest?

Most of the companies it backs are in Denmark (28%), Sweden (15%) and Finland (13%).

### Is ByFounders investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does ByFounders invest alongside?

Most often Y Combinator (5 rounds together), Partech Ventures (4 rounds together) and Tesi (4 rounds together).

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