# Northcap: portfolio, investments and team > Northcap is a vc firm based in Denmark. 22 investments on record, latest Sept 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/northcap (Millionrounds; every figure on the page links to its filing or article) Denmark · [Investor](https://millionrounds.com/investors) # Northcap Last cheque observed Sep 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund, Oct 2022 VC firm Seed Series A Series B Telco Telecom Networking Technology Cheques on record **0%** of best year **0** **cheques in 12 months**, 22 on record Since the last cheque **4058** days **00** hrs **00** min **00** sec Median round **$4.0M** Cheque size, as they say **$100K – $5.0M** Rounds led **0 of 22** Sole investor **9 rounds** Exits **2 from the portfolio** Mostly in **Denmark, 68%** Pitch Northcap ## Northcap highlights - 01 22 rounds on record - 02 Mostly Series A and Series B: 56% of its rounds - 03 Sole investor in 9 rounds, median $2.1M - 04 2 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** $100K – $5.0M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** Telco Telecom Networking Technology - **Based in:** Copenhagen, Denmark - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **22 appearances** - **2015** 5 rounds - **Sept** **[Linkfire](https://millionrounds.com/company/linkfire)** Seed · DK **$2.6M** With 1 other - **Jun** **[Colego](https://millionrounds.com/company/colego)** Series A · DK **$3.3M** With 1 other - **Mar** **[Colego](https://millionrounds.com/company/colego)** Series A · DK **$2.0M** Sole investor - **Mar** **[Falcon Social](https://millionrounds.com/company/falcon-social)** Series B · DK **$16M** With 2 others - **Mar** **[Sekoia](https://millionrounds.com/company/sekoia)** Series A · DK **$2.9M** Sole investor - **2014** 1 round - **Jan** **[adQuota](https://millionrounds.com/company/adquota)** Venture · DK **$3.2M** Sole investor - **2013** 6 rounds - **Aug** **[Falcon Social](https://millionrounds.com/company/falcon-social)** Series A · DK · techcrunch.com **$7.7M** With 1 other - **Aug** **[VeliQ](https://millionrounds.com/company/veliq)** Series B · NL · finsmes.com **$9.0M** With 1 other - **Jun** **[Nordic Consumer Portals](https://millionrounds.com/company/nordic-consumer-portals)** Seed · DK · oresundstartups.com **Undisclosed** Sole investor - **Jun** **[IntelePeer](https://millionrounds.com/company/intelepeer)** Venture · US · bizjournals.com **$15M** With 3 others - **Jun** **[Shopgate](https://millionrounds.com/company/shopgate)** Series B · US · techcrunch.com **$7.0M** With 1 other - **Feb** **[Insurance Business Applications](https://millionrounds.com/company/insurance-business-applications)** AU **Undisclosed** Sole investor - **2012** 2 rounds - **Jul** **[iBill](https://millionrounds.com/company/ibill)** Venture · DK · finsmes.com **$1.6M** Sole investor - **Jul** **[ViaBill](https://millionrounds.com/company/viabill)** Venture · DK **$1.6M** Sole investor - **2011** 2 rounds - **Dec** **[Zmags](https://millionrounds.com/company/zmags)** Debt · DK · techcrunch.com **$7.0M** With 2 others - **Jun** **[Realm](https://millionrounds.com/company/realm)** Seed · US **$1.9M** With 11 others - **2008** 3 rounds - **May** **[Zmags](https://millionrounds.com/company/zmags)** Series B · DK · newswire.ca **$4.2M** With 1 other - **Mar** **[Kapow Software](https://millionrounds.com/company/kapow-software)** Series C · US · kapowtech.com **$12M** With 3 others - **Jan** **[Zmags](https://millionrounds.com/company/zmags)** Series A · DK **$2.3M** Sole investor - **2007** 3 rounds - **Oct** **[Visiopharm](https://millionrounds.com/company/visiopharm)** Growth · DK **Undisclosed** Sole investor - **Jan** **[PremiTech](https://millionrounds.com/company/premitech)** Series D · DK **$4.0M** With 1 other - **Jan** **[Nangate](https://millionrounds.com/company/nangate)** Series B · US · venturebeat.com **$15M** With 2 others 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 Named by the firm itself, on a filing, its Form ADV or its company registration **3 named** MC **Matthew Campbell** Director i Filing they signed MR **Michael Reynoso** Executive Officer i Filing they signed MR **Misael Reynoso** Executive Officer i Filing they signed We also hold **8** 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. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[adQuota](https://millionrounds.com/company/adquota)** Bought by Opera Mediaworks **Undisclosed** Oct 2015 **[Kapow Software](https://millionrounds.com/company/kapow-software)** Bought by Kofax **$48M** Jul 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **Raised** a new fund in Oct 2022 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$4.0M** the round, not its cheque Alone, median **$2.1M** Led 0 of 22 rounds **0%** - **Said size:** $100K – $5.0M - **Sole investor:** 9 rounds - **Last cheque:** Sept 2015 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series A said *5* - Series B said *5* - Venture *4* - Seed said *3* - Growth said *1* Cheques by year Led Joined 2007 2015 Often in the room with - [Kennet Partners](https://millionrounds.com/fund/kennet-partners) 2 - [OpenView](https://millionrounds.com/fund/openview) 2 - [Target Partners](https://millionrounds.com/fund/target-partners) 2 **Pitching Northcap?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Northcap. A count of rooms they were both in, not a relationship either has claimed. [**Kennet Partners** VC firm **2** rounds together](https://millionrounds.com/fund/kennet-partners)[**OpenView** VC firm **2** rounds together](https://millionrounds.com/fund/openview)[**Target Partners** VC firm **2** rounds together](https://millionrounds.com/fund/target-partners) ## Quick answers about Northcap ### What does Northcap invest in? Northcap invests most often at Series A and Series B (56% of the rounds on record), in sectors such as Telco, Telecom and Networking Technology. ### How active is Northcap? 22 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2015. ### How big are Northcap's cheques? The median round it joins is $4.0M. It says it writes cheques of $100K to $5.0M. ### Does Northcap lead rounds? Rarely, if at all: none of its 22 investments on record names it as the lead. ### Where does Northcap invest? Most of the companies it backs are in Denmark (68%) and the United States (23%). ### Is Northcap investing now? No investments in the last 12 months; the latest was in Sept 2015. ### Who does Northcap invest alongside? Most often Kennet Partners (2 rounds together), OpenView (2 rounds together) and Target Partners (2 rounds together). ### What kind of investor is Northcap? Northcap is a VC firm based in Copenhagen, Denmark. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=northcap) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=northcap)