# Ugly Duckling Ventures: portfolio, investments and team

> Ugly Duckling Ventures is a vc firm based in Denmark. 3 investments on record, 3 in the last 12 months, latest Sept 2026.

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

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

# Ugly Duckling Ventures

Last cheque observed Sep 2026; 3 cheques on record.

Email

VC firm Deploying now

Seed Series A Medtech Resilience Tech Business Software

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Deploying now

**100%** of best year **3** **cheques in 12 months**, 3 on record

Since the last cheque **45** days **00** hrs **00** min **00** sec

Median round **$5.8M** Cheque size, as they say **$150K – $1.5M** Rounds led **3 of 3**

Pitch Ugly Duckling Ventures

## Ugly Duckling Ventures highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 Led 3 rounds

## What they do

> Nordic early-stage venture capital From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $150K – $1.5M as they say
- **Stages:** Seed Series A
- **Sectors:** Medtech Resilience Tech Business Software
- **Based in:** Copenhagen, Denmark
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 3 rounds
- **Sept** **[Spiich](https://millionrounds.com/company/spiich)** Seed · SE · ArcticStartup **$3.4M** *Led*
- **Aug** **[Velatir](https://millionrounds.com/company/velatir)** Series A · DK · Spintop Ventures **$5.8M** *Led*
- **Jun** **[Skyfora](https://millionrounds.com/company/skyfora)** Seed · FI · LUMO Labs **$7.5M** *Led*

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

Seed Series A

Median round joined **$5.8M** the round, not its cheque

Led 3 of 3 rounds **100%**

- **Said size:** $150K – $1.5M
- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *2*
- Series A said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Ugly Duckling Ventures put money into.

[**Velatir** $5.8M · Aug 2026](https://millionrounds.com/company/velatir)[**Skyfora** $7.5M · Jun 2026](https://millionrounds.com/company/skyfora)

## Quick answers about Ugly Duckling Ventures

### What does Ugly Duckling Ventures invest in?

Ugly Duckling Ventures invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Medtech, Resilience Tech and Business Software.

### How active is Ugly Duckling Ventures?

3 investments on record, 3 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Ugly Duckling Ventures invested in recently?

Its most recent investments on record: Spiich (Seed, Sept 2026), Velatir (Series A, Aug 2026) and Skyfora (Seed, Jun 2026).

### How big are Ugly Duckling Ventures's cheques?

The median round it joins is $5.8M. It says it writes cheques of $150K to $1.5M.

### Is Ugly Duckling Ventures investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### What kind of investor is Ugly Duckling Ventures?

Ugly Duckling Ventures is a VC firm based in Copenhagen, Denmark.

### Does Ugly Duckling Ventures take cold pitches?

Yes: its own website says it reads unsolicited pitches.

### Where does this information on Ugly Duckling Ventures come from?

From 4 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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