# Seed Capital: portfolio, investments and team

> Seed Capital is a vc firm based in Denmark. 347 investments on record, 30 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Seed Capital

Last cheque observed Sep 2026; 347 cheques on record.

Email

Deploying now New fund $10K, Oct 2021 VC firm

Pre-seed Seed Series A B2B Subscription Prosumer

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

Deploying now

**77%** of best year **30** **cheques in 12 months**, 347 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$4.0M** Cheque size, as they say **$1.0M – $5.0M** Rounds led **0 of 347** Sole investor **146 rounds** Exits **3 from the portfolio** Mostly in **Denmark, 52%**

Pitch Seed Capital

## Seed Capital highlights

- 01 30 cheques in the last 12 months
- 02 Mostly Seed and Venture: 73% of its rounds
- 03 Sole investor in 146 rounds, median $1.9M
- 04 3 exits from the portfolio

## What they do

> We partner with remarkable entrepreneurs across the Nordics to build global winners. From seed to exit, we stand behind our companies for the long run. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** B2B Subscription Prosumer
- **Based in:** Kobenhavn, Denmark
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **347 appearances**

- **2026** 22 rounds
- **Sept** **[Norlix](https://millionrounds.com/company/norlix)** Seed · DK **$1.5M** Sole investor
- **Sept** **[Flatpay](https://millionrounds.com/company/flatpay)** Venture · DK **$168M** With 2 others
- **Aug** **[Repodo](https://millionrounds.com/company/repodo)** Pre-seed · DK **$9.6M** Sole investor
- **Aug** **[Flash](https://millionrounds.com/company/flash)** Seed · DE **$8.2M** With 2 others
- **Jul** **[Sherpa.ai](https://millionrounds.com/company/sherpa-ai)** Venture · ES **$18M** With 2 others
- **Jun** **[Curasight A/S](https://millionrounds.com/company/curasight-a-s)** DK **$3.1M** With 1 other
- **Jun** **[Oplane](https://millionrounds.com/company/oplane)** Seed · SE **$5.2M** Sole investor
- **May** **[The College Sports Company](https://millionrounds.com/company/the-college-sports-company)** US **$350K** With 4 others
- **Mar** **[Neurodome](https://millionrounds.com/company/neurodome)** Series A **$15M** With 3 others
- **Mar** **[Norlix](https://millionrounds.com/company/norlix)** Seed · DK **$4.6M** Sole investor
- **Mar** **[Guoshun Laser](https://millionrounds.com/company/guoshun-laser)** Venture **Undisclosed** With 4 others
- **Mar** **[Smycles](https://millionrounds.com/company/smycles)** Seed · DE **$2.3M** Sole investor
- **Mar** **[Observe Medical](https://millionrounds.com/company/observe-medical)** Debt · SE **$1.5M** With 1 other
- **Feb** **[Boomband](https://millionrounds.com/company/boomband)** Seed · US **$4.0M** With 2 others
- **Feb** **[Coramaze Technologies](https://millionrounds.com/company/coramaze-technologies)** Venture **Undisclosed** With 2 others
- **Feb** **[Cernel](https://millionrounds.com/company/cernel)** Seed · DK **$4.7M** With 1 other
- **Feb** **[Pluto.markets](https://millionrounds.com/company/pluto-markets)** Seed · DK **$6.0M** With 3 others
- **Jan** **[Lunar](https://millionrounds.com/company/lunar)** Venture · US **$55M** With 1 other
- **Jan** **[Barbara](https://millionrounds.com/company/barbara)** Venture · ES **$5.2M** With 4 others
- **Jan** **[Embankment](https://millionrounds.com/company/embankment)** Series A · DK **$17M** With 2 others
- **Jan** **[Senas Medical](https://millionrounds.com/company/senas-medical)** Series A **$14M** With 1 other
- **Jan** **[NNEAT](https://millionrounds.com/company/nneat)** Seed · ES **$932K** With 1 other
- **2025** 31 rounds
- **Dec** **[Hengyuan Technology](https://millionrounds.com/company/hengyuan-technology)** Venture **Undisclosed** With 3 others
- **Dec** **[CVSAT](https://millionrounds.com/company/cvsat)** Series A **$14M** Sole investor
- **Dec** **[Risika](https://millionrounds.com/company/risika)** Venture · DK **Undisclosed** Sole investor
- **Nov** **[Flatpay](https://millionrounds.com/company/flatpay)** Growth · DK · Silicon Canals **$168M** With 4 others
- **Nov** **[Junsai Shengwu](https://millionrounds.com/company/junsai-shengwu)** Series C **$19M** With 1 other
- **Nov** **[PulseCare](https://millionrounds.com/company/pulsecare)** Series A **$14M** Sole investor
- **Nov** **[Agile Medical](https://millionrounds.com/company/agile-medical)** Venture **Undisclosed** With 2 others
- **Nov** **[Space Transportation](https://millionrounds.com/company/space-transportation)** Venture **$14M** With 2 others
- **Oct** **[Null Hypothesis](https://millionrounds.com/company/null-hypothesis)** Venture **$14M** Sole investor
- **Oct** **[Xingkeyuan](https://millionrounds.com/company/xingkeyuan)** Venture **Undisclosed** With 2 others
- **Oct** **[Splash Sports](https://millionrounds.com/company/splash-sports)** Series B · US · Elysian Park Ventures **$15M** With 3 others
- **Oct** **[Qianjue Robot](https://millionrounds.com/company/qianjue-robot)** Seed **$14M** With 2 others
- **Sept** **[Understory](https://millionrounds.com/company/understory)** Series A · DK · Silicon Canals **$14M** With 4 others
- **Sept** **[Saimai Measurement and Control](https://millionrounds.com/company/saimai-measurement-and-control)** Series A **$14M** With 1 other
- **Sept** **[Returnalyze](https://millionrounds.com/company/returnalyze)** Series A · US **$6.0M** With 5 others
- **Sept** **[Blackbird Coffee](https://millionrounds.com/company/blackbird-coffee)** Seed · DK **$4.7M** Sole investor
- **Aug** **[Minova Pharma](https://millionrounds.com/company/minova-pharma)** Series B **$14M** With 2 others
- **Aug** **[Moxso](https://millionrounds.com/company/moxso)** Seed · DK **$5.5M** 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

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

OS **Oluwarotimi Shoge** Executive Officer i Filing they signed

We also hold **16** 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

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

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Endomondo](https://millionrounds.com/company/endomondo)** Bought by Under Armour **$85M** Feb 2015

**[Smarterer](https://millionrounds.com/company/smarterer)** Bought by [Pluralsight](https://millionrounds.com/fund/pluralsight) **$75M** Nov 2014

**[Galecto Biotech](https://millionrounds.com/company/galecto-biotech)** Bought by [Bristol-Myers Squibb](https://millionrounds.com/fund/bristol-myers-squibb) **$444M** Nov 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$10K**

raised in Oct 2021

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 **$4.0M** the round, not its cheque Alone, median **$1.9M**

Led 0 of 347 rounds **0%**

- **Said size:** $1.0M – $5.0M
- **Sole investor:** 146 rounds
- **Last cheque:** Sept 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Seed said *110*
- Venture *91*
- Series A said *46*
- Pre-seed said *17*
- Series C *11*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Boston Seed Capital](https://millionrounds.com/fund/boston-seed-capital) 28
- [PSV](https://millionrounds.com/fund/psv) 26
- [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) 14
- [Accelerace](https://millionrounds.com/fund/accelerace) 7
- [EISMEA](https://millionrounds.com/fund/eismea) 7
- [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) 6

**Pitching Seed Capital?** 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 Seed Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Boston Seed Capital** Angel network **28** rounds together](https://millionrounds.com/fund/boston-seed-capital)[**PSV** Venture studio **26** rounds together](https://millionrounds.com/fund/psv)[**The Danish Growth Fund** VC firm **14** rounds together](https://millionrounds.com/fund/v-kstfonden)[**Accelerace** Accelerator **7** rounds together](https://millionrounds.com/fund/accelerace)[**EISMEA** Investment firm **7** rounds together](https://millionrounds.com/fund/eismea)[**Export and Investment Fund** VC firm **6** rounds together](https://millionrounds.com/fund/export-and-investment-fund)[**Accomplice** VC firm **5** rounds together](https://millionrounds.com/fund/accomplice)[**EIC Accelerator** Government **5** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Sunstone Life Science Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/sunstone-life-science-ventures)[**VF Venture** VC firm **5** rounds together](https://millionrounds.com/fund/vf-venture)[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Creandum** VC firm **4** rounds together](https://millionrounds.com/fund/creandum)

## Recently backed

The latest companies Seed Capital put money into.

[**Norlix** $1.5M · Sept 2026](https://millionrounds.com/company/norlix)[**Flatpay** $168M · Sept 2026](https://millionrounds.com/company/flatpay)[**Repodo** $9.6M · Aug 2026](https://millionrounds.com/company/repodo)[**Sherpa.ai** $18M · Jul 2026](https://millionrounds.com/company/sherpa-ai)[**Curasight A/S** $3.1M · Jun 2026](https://millionrounds.com/company/curasight-a-s)[**Oplane** $5.2M · Jun 2026](https://millionrounds.com/company/oplane)

## Quick answers about Seed Capital

### What does Seed Capital invest in?

Seed Capital invests most often at Seed and Venture (73% of the rounds on record), in sectors such as B2B, Subscription and Prosumer.

### How active is Seed Capital?

347 investments on record, 30 of them in the last 12 months. The most recent was in Sept 2026.

### What has Seed Capital invested in recently?

Its most recent investments on record: Norlix (Seed, Sept 2026), Flatpay (Venture, Sept 2026) and Repodo (Pre-seed, Aug 2026).

### How big are Seed Capital's cheques?

The median round it joins is $4.0M. It says it writes cheques of $1.0M to $5.0M.

### Does Seed Capital lead rounds?

Rarely, if at all: none of its 347 investments on record names it as the lead.

### Where does Seed Capital invest?

Most of the companies it backs are in Denmark (52%), the United States (20%) and Spain (12%).

### Is Seed Capital investing now?

Yes: it is actively investing, with 30 investments in the last 12 months.

### Who does Seed Capital invest alongside?

Most often Boston Seed Capital (28 rounds together), PSV (26 rounds together) and The Danish Growth Fund (14 rounds together).

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