# Innovation Fund Denmark: portfolio, investments and team

> Innovation Fund Denmark is a vc firm based in Denmark. 46 investments on record, 6 in the last 12 months, latest May 2026.

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

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

# Innovation Fund Denmark

Last cheque observed May 2026; 46 cheques on record.

Deploying now VC firm Now at danmarksinnovationsfond.dk

Grant Seed Pre-seed Fashion Social Media Public Policy

Deploying now

**46%** of best year **6** **cheques in 12 months**, 46 on record

Since the last cheque **179** days **00** hrs **00** min **00** sec

Median round **$780K** Rounds led **0 of 46** Sole investor **14 rounds** Mostly in **Denmark, 89%**

Pitch Innovation Fund Denmark

## Innovation Fund Denmark highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Grant and Seed: 55% of its rounds
- 03 Sole investor in 14 rounds, median $349K

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Fashion Social Media Public Policy
- **Based in:** Aarhus, Denmark
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **46 appearances**

- **2026** 4 rounds
- **May** **[PerPlant](https://millionrounds.com/company/perplant)** Seed · DK **$1.2M** With 3 others
- **Apr** **[Decameal](https://millionrounds.com/company/decameal)** Venture · DK **Undisclosed** With 1 other
- **Mar** **[ENZIDIA](https://millionrounds.com/company/enzidia)** Pre-seed · DK **$241K** With 1 other
- **Jan** **[Robotto](https://millionrounds.com/company/robotto)** Venture · DK **Undisclosed** With 1 other
- **2025** 12 rounds
- **Dec** **[HHC Medical](https://millionrounds.com/company/hhc-medical)** Pre-seed · DK **$194K** With 3 others
- **Dec** **[SureShot](https://millionrounds.com/company/sureshot)** Grant · DK **$157K** Sole investor
- **Oct** **[Legacy](https://millionrounds.com/company/legacy)** Venture · US **Undisclosed** With 1 other
- **Oct** **[ExpreS2ion](https://millionrounds.com/company/expres2ion)** DK **$1.3M** With 1 other
- **Sept** **[Cerebriu](https://millionrounds.com/company/cerebriu)** Series A · DK **$11M** With 2 others
- **Jul** **[Artelize](https://millionrounds.com/company/artelize)** Seed · DK **$1.5M** With 1 other
- **Jul** **[AlterEcho](https://millionrounds.com/company/alterecho)** Grant · DK **$120K** With 1 other
- **Jun** **[Agrobiomics](https://millionrounds.com/company/agrobiomics)** Grant · DK **$2.9M** With 2 others
- **Jun** **[AdaptVac](https://millionrounds.com/company/adaptvac)** Grant · DK **$12M** Sole investor
- **Apr** **[Cacto Health](https://millionrounds.com/company/cacto-health)** Seed · DK **$457K** With 1 other
- **Jan** **[Commit Biologics](https://millionrounds.com/company/commit-biologics)** Seed · DK **$5.7M** With 2 others
- **Jan** **[Tryp.com](https://millionrounds.com/company/tryp-com)** Seed · DK · Firms' own news pages **$3.2M** With 6 others
- **2024** 7 rounds
- **Nov** **[KAKTI](https://millionrounds.com/company/kakti)** DK **$217K** With 1 other
- **Oct** **[Algiecel](https://millionrounds.com/company/algiecel)** Venture · DK **$7.3M** With 2 others
- **Sept** **[Tailwind Biotech](https://millionrounds.com/company/tailwind-biotech)** Grant · DK **$190K** Sole investor
- **May** **[Butter Payments](https://millionrounds.com/company/butter-payments)** Venture · US **$10M** With 6 others
- **Feb** **[BeCause](https://millionrounds.com/company/because)** Seed · DK **$600K** With 3 others
- **Feb** **[Heyhack](https://millionrounds.com/company/heyhack)** Venture · DK **Undisclosed** With 2 others
- **Jan** **[Coana (acquired by Socket)](https://millionrounds.com/company/coana-acquired-by-socket)** Pre-seed · DK **$1.6M** With 2 others
- **2023** 5 rounds
- **Dec** **[Tiny](https://millionrounds.com/company/tiny)** Pre-seed · SG **$405K** Sole investor
- **Dec** **[Brain+](https://millionrounds.com/company/brain)** Grant · DK **$516K** With 1 other
- **Jul** **[CathVision](https://millionrounds.com/company/cathvision)** Venture · DK **$9.0M** With 2 others
- **May** **[Leagues](https://millionrounds.com/company/leagues)** Pre-seed · DK **$658K** With 1 other
- **Mar** **[Sumondo](https://millionrounds.com/company/sumondo)** Pre-seed · DK **$6K** Sole investor
- **2022** 5 rounds
- **Nov** **[Breye Therapeutics](https://millionrounds.com/company/breye-therapeutics)** Seed · DK **$4.1M** With 3 others
- **Sept** **[Hypefactors](https://millionrounds.com/company/hypefactors)** Grant · DK **$131K** Sole investor
- **Aug** **[Hololink](https://millionrounds.com/company/hololink)** Pre-seed · DK **$50K** With 2 others
- **Jun** **[Paragit Solutions](https://millionrounds.com/company/paragit-solutions)** Seed · DK **$2.1M** With 3 others
- **Apr** **[Estaid](https://millionrounds.com/company/estaid)** Pre-seed · DK **$437K** With 2 others
- **2021** 2 rounds
- **Jul** **[Sternula](https://millionrounds.com/company/sternula)** Seed · DK **$1.1M** Sole investor
- **May** **[Kople](https://millionrounds.com/company/kople)** Grant **$1.2M** Sole investor
- **2020** 5 rounds
- **Dec** **[CXweb](https://millionrounds.com/company/cxweb)** Grant **$115K** Sole investor
- **Nov** **[Workee](https://millionrounds.com/company/workee)** Seed · US **$360K** With 1 other
- **Aug** **[Saniona](https://millionrounds.com/company/saniona)** **$65M** With 1 other
- **Jun** **[Scandion Oncology](https://millionrounds.com/company/scandion-oncology)** Grant **$902K** With 2 others
- **May** **[LuggageHero](https://millionrounds.com/company/luggagehero)** Crowdfunding **$447K** With 1 other

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 cheque

Grant Seed Pre-seed

Median round joined **$780K** the round, not its cheque Alone, median **$349K**

Led 0 of 46 rounds **0%**

- **Sole investor:** 14 rounds
- **Last cheque:** May 2026

Rounds by stage said on their site

- Grant *12*
- Seed *11*
- Pre-seed *9*
- Venture *9*
- Series A *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) 12
- [BioInnovation Institute](https://millionrounds.com/fund/bioinnovation-institute) 6
- [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) 5
- [Antler](https://millionrounds.com/fund/antler) 3
- [PSV](https://millionrounds.com/fund/psv) 3
- [Techstars](https://millionrounds.com/fund/techstars) 3

**Pitching Innovation Fund Denmark?** 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 Innovation Fund Denmark. A count of rooms they were both in, not a relationship either has claimed.

[**The Danish Growth Fund** VC firm **12** rounds together](https://millionrounds.com/fund/v-kstfonden)[**BioInnovation Institute** VC firm **6** rounds together](https://millionrounds.com/fund/bioinnovation-institute)[**Export and Investment Fund** VC firm **5** rounds together](https://millionrounds.com/fund/export-and-investment-fund)[**Antler** VC firm **3** rounds together](https://millionrounds.com/fund/antler)[**PSV** Venture studio **3** rounds together](https://millionrounds.com/fund/psv)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**Horizon 2020** VC firm **2** rounds together](https://millionrounds.com/fund/horizon-2020)[**MassChallenge** Accelerator **2** rounds together](https://millionrounds.com/fund/masschallenge)[**Novo Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/novo-ventures)[**Seed Capital** VC firm **2** rounds together](https://millionrounds.com/fund/seed-capital)

## Recently backed

The latest companies Innovation Fund Denmark put money into.

[**PerPlant** $1.2M · May 2026](https://millionrounds.com/company/perplant)[**Decameal** Apr 2026](https://millionrounds.com/company/decameal)[**ENZIDIA** $241K · Mar 2026](https://millionrounds.com/company/enzidia)[**Robotto** Jan 2026](https://millionrounds.com/company/robotto)[**HHC Medical** $194K · Dec 2025](https://millionrounds.com/company/hhc-medical)[**SureShot** $157K · Dec 2025](https://millionrounds.com/company/sureshot)

## Quick answers about Innovation Fund Denmark

### What does Innovation Fund Denmark invest in?

Innovation Fund Denmark invests most often at Grant and Seed (55% of the rounds on record), in sectors such as Fashion, Social Media and Public Policy.

### How active is Innovation Fund Denmark?

46 investments on record, 6 of them in the last 12 months. The most recent was in May 2026.

### What has Innovation Fund Denmark invested in recently?

Its most recent investments on record: PerPlant (Seed, May 2026), Decameal (Venture, Apr 2026) and ENZIDIA (Pre-seed, Mar 2026).

### How big are Innovation Fund Denmark's cheques?

The median round it joins is $780K.

### Does Innovation Fund Denmark lead rounds?

Rarely, if at all: none of its 46 investments on record names it as the lead.

### Where does Innovation Fund Denmark invest?

Most of the companies it backs are in Denmark (89%) and the United States (9%).

### Is Innovation Fund Denmark investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Innovation Fund Denmark invest alongside?

Most often The Danish Growth Fund (12 rounds together), BioInnovation Institute (6 rounds together) and Export and Investment Fund (5 rounds together).

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