# Growth investors in Denmark (2026 list)

> 11 growth investors in Denmark, 100% active in the last 12 months. Led by Seed Capital, The Danish Growth Fund, Dawn Capital. Ranked by what they funded.

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

[Investor Lists](https://millionrounds.com/lists)

# Growth investors in Denmark

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a company in Denmark in the last two years, wherever the firm is based.

[See all 11 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-investors-in-denmark)The top 11

**11** investors on the list No change this week

**140** cheques in 12 months *+28%* against the market

**$22M** median round they joined *+180%* against the market median

**100%** wrote a cheque in 12 months

**64%** have led a round

## The Top 11

Ordered by cheques observed, never by anything anyone paid for

Deploying now (11)

- 1 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen
- 2 [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) *Deploying now* VC firm **132** **$3.6M** median round **Aug 2026** last seen
- 3 [Dawn Capital](https://millionrounds.com/fund/dawn-capital) *Deploying now* VC firm · United Kingdom **107** **$33M** median round **Oct 2026** last seen
- 4 [AVP](https://millionrounds.com/fund/avp-2) *Deploying now* Investment firm · United States **94** **$23M** median round **Oct 2026** last seen
- 5 [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) *Deploying now* VC firm **94** **$3.2M** median round **Sept 2026** last seen
- 6 [Verdane](https://millionrounds.com/fund/verdane) *Deploying now* Private equity · Norway **36** **$19M** median round **Oct 2026** last seen
- 7 [Hedosophia](https://millionrounds.com/fund/hedosophia) *Deploying now* VC firm · United Kingdom **16** **$98M** median round **Oct 2026** last seen
- 8 [Expedition Growth Capital](https://millionrounds.com/fund/expedition-growth-capital) *Deploying now* Growth equity · United Kingdom **14** **$22M** median round **Oct 2026** last seen
- 9 [EIFO (Denmark)](https://millionrounds.com/fund/eifo) *Deploying now* Government · Denmark **13** **$16M** median round **Oct 2026** last seen
- 10 [Smash Capital](https://millionrounds.com/fund/smash-capital) *Deploying now* VC firm · United States **9** **$200M** median round **Aug 2026** last seen
- 11 [Impact Fund Denmark (formerly IFU)](https://millionrounds.com/fund/impact-fund-denmark) *Deploying now* Government · Denmark **5** **$29M** median round **Oct 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **27** Oct **[Cortas](https://millionrounds.com/company/cortas)** Pre-seed · $1.6M *With* [EIFO (Denmark)](https://millionrounds.com/fund/eifo)
- **23** Oct **[Orana](https://millionrounds.com/company/orana)** Growth · $6M *Led by* [Impact Fund Denmark (formerly IFU)](https://millionrounds.com/fund/impact-fund-denmark)
- **20** Oct **[Blackwall](https://millionrounds.com/company/blackwall)** Series C · $100M *Led by* [AVP](https://millionrounds.com/fund/avp-2)
- **19** Oct **[PSV Tech](https://millionrounds.com/company/psv-tech)** Pre-seed · $63M *With* [EIFO (Denmark)](https://millionrounds.com/fund/eifo)
- **15** Oct **[Dougs](https://millionrounds.com/company/dougs)** Growth · $56M *Led by* [Expedition Growth Capital](https://millionrounds.com/fund/expedition-growth-capital)
- **14** Oct **[Suki](https://millionrounds.com/company/suki)** $90M *With* [Hedosophia](https://millionrounds.com/fund/hedosophia)

## Stages This Year

120 rounds

- Venture **21%**
- Series A **17%**
- Seed **17%**
- Growth **9%**
- Series B **8%**
- Other **29%**

## What They Backed

Sectors, last 12 months

- AI **36**
- Fintech **14**
- Healthcare **11**
- Big Data & Analytics **10**
- Biotech **9**
- Cybersecurity **7**

## Cheques by Quarter

Led Joined

22 Q1 25

24 Q2 25

32 Q3 25

35 Q4 25

41 Q1 26

33 Q2 26

44 Q3 26

9 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states)
- [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states)
- [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states)
- [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states)
- [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states)
- [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom)
- [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states)
- [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states)
- [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth investors in Denmark

### Who are the most active growth investors in Denmark?

By cheques observed, the most active are Seed Capital, The Danish Growth Fund, Dawn Capital, AVP and Export and Investment Fund.

### How many growth investors in Denmark are there?

11 are on record. 100% made an investment in the last 12 months and 64% have led a round.

### Which stages do growth investors in Denmark back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (24%).

### How big are the rounds growth investors in Denmark join?

The typical (median) round among the leading investors here is $22M.

### Which sectors do growth investors in Denmark back most?

In the last 12 months, mostly AI, Fintech and Healthcare.

### Which growth investors in Denmark lead the most rounds?

AVP (13 led), Expedition Growth Capital (13 led) and Dawn Capital (8 led).

### Where are growth investors in Denmark based?

Among the most active, most are based in Denmark (3), the United Kingdom (3) and the United States (2).

### What have growth investors in Denmark invested in recently?

Recent rounds include Cortas (Pre-seed, Oct 2026, with EIFO (Denmark)), Orana (Growth, Oct 2026, with Impact Fund Denmark (formerly IFU)) and Blackwall (Series C, Oct 2026, with AVP).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)