# Investors based in Denmark (2026 list) > 594 investors based in Denmark, 5% active in the last 12 months. Led by Seed Capital, Novo Holdings, PSV. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-denmark (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Denmark Updated 26 October 2026 Firms headquartered in Denmark, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Denmark. [See all 594 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-denmark)The top 25 **594** investors on the list No change this week **158** cheques in 12 months *+14%* against the market **$10M** median round they joined *+26%* against the market median **5%** wrote a cheque in 12 months **2%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (12) - 1 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen - 2 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 2026** last seen - 3 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **83** **$2.5M** median round **Oct 2026** last seen - 4 [Sunstone Life Science Ventures](https://millionrounds.com/fund/sunstone-life-science-ventures) *Deploying now* VC firm · Denmark **82** **$25M** median round **Dec 2025** last seen - 5 [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) *Deploying now* VC firm · Denmark **79** **$9.2M** median round **Sept 2026** last seen - 6 [Accelerace](https://millionrounds.com/fund/accelerace) quiet Accelerator · Denmark **78** **$549K** median round **Mar 2015** last seen - 7 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 8 [Innovation Fund Denmark](https://millionrounds.com/fund/innovation-fund-denmark) *Deploying now* VC firm · Denmark **46** **$780K** median round **May 2026** last seen - 9 [Founders](https://millionrounds.com/fund/founders) *Deploying now* Accelerator · Denmark **25** **$3.3M** median round **Aug 2026** last seen - 10 [Northcap](https://millionrounds.com/fund/northcap) quiet VC firm · Denmark **22** **$4M** median round **Sept 2015** last seen - 11 [DENA A/S](https://millionrounds.com/fund/dena-a-s) quiet Private equity · Denmark **19** **$2.5M** median round **May 2017** last seen - 12 [BankInvest](https://millionrounds.com/fund/bankinvest) quiet VC firm · Denmark **13** **$22M** median round **Mar 2012** last seen - 13 [Spring Ventures](https://millionrounds.com/fund/spring-ventures) quiet Advisor · Denmark **10** **$7.5M** median round **Nov 2019** last seen - 14 [EIFO (Denmark)](https://millionrounds.com/fund/eifo) *Deploying now* Government · Denmark **9** **$16M** median round **Oct 2026** last seen - 15 [LD Pensions](https://millionrounds.com/fund/ld-pensions) quiet Institutional LP · Denmark **9** **$15M** median round **Apr 2014** last seen - 16 [North-East Venture](https://millionrounds.com/fund/north-east-venture) quiet VC firm · Denmark **8** **$2.6M** median round **Jul 2015** last seen - 17 [Lundbeckfonden Ventures](https://millionrounds.com/fund/lundbeckfonden-ventures) quiet VC firm · Denmark **7** **$31M** median round **May 2019** last seen - 18 [Vecata](https://millionrounds.com/fund/vecata) quiet Investment firm · Denmark **7** **$7.1M** median round **Feb 2009** last seen - 19 [Nupark Accelerace](https://millionrounds.com/fund/nupark-accelerace) quiet VC firm · Denmark **7** **$793K** median round **Jul 2015** last seen - 20 [Incuba Venture](https://millionrounds.com/fund/incuba-venture) quiet VC firm · Denmark **6** **$4.4M** median round **Jan 2007** last seen - 21 [Kompas VC](https://millionrounds.com/fund/kompas-vc) *Deploying now* VC firm · Denmark **6** **$13M** median round **Sept 2026** last seen - 22 [Maersk Growth](https://millionrounds.com/fund/maersk-growth) quiet Corporate VC · Denmark **6** **$11M** median round **May 2019** last seen - 23 [CAPNOVA](https://millionrounds.com/fund/capnova) quiet VC firm · Denmark **5** **$875K** median round **Nov 2014** last seen - 24 [Impact Fund Denmark (formerly IFU)](https://millionrounds.com/fund/impact-fund-denmark) *Deploying now* Government · Denmark **5** **$29M** median round **Oct 2026** last seen - 25 [Climentum Capital](https://millionrounds.com/fund/climentum-capital) *Deploying now* VC firm · Denmark **4** **$10M** median round **Jun 2026** last seen **569 more on this list** Login free to see all 594, filter by stage, sector and market, and keep the ones that fit. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-denmark) ## The Newest Cheques Rounds this list's investors joined most recently - **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 **[Plinto](https://millionrounds.com/company/plinto)** Pre-seed · $3.3M *With* [People Ventures](https://millionrounds.com/fund/people-ventures-3) - **19** Oct **[PSV Tech](https://millionrounds.com/company/psv-tech)** Pre-seed · $63M *With* [EIFO (Denmark)](https://millionrounds.com/fund/eifo) - **15** Oct **[OMass Therapeutics](https://millionrounds.com/company/omass-therapeutics)** Series C · $310M *Led by* [Novo Holdings](https://millionrounds.com/fund/novo-ventures) - **15** Oct **[Solvera](https://millionrounds.com/company/solvera)** Pre-seed · $6.3M *With* [PSV](https://millionrounds.com/fund/psv) - **13** Oct **[GreenCell Mobility](https://millionrounds.com/company/greencell-mobility)** Growth · $35M *Led by* [Impact Fund Denmark (formerly IFU)](https://millionrounds.com/fund/impact-fund-denmark) ## Stages This Year 145 rounds - Series A **21%** - Pre-seed **16%** - Seed **16%** - Venture **14%** - Series B **7%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **36** - Biotech **25** - Big Data & Analytics **15** - Pharma **11** - Healthcare **10** - Fintech **8** ## Cheques by Quarter Led Joined 34 Q1 25 31 Q2 25 35 Q3 25 50 Q4 25 39 Q1 26 35 Q2 26 40 Q3 26 14 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,560](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,105](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,870](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,853](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,440](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,020](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,910](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,576](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,267](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Denmark ### Who are the most active investors based in Denmark? By cheques observed, the most active are Seed Capital, Novo Holdings, PSV, Sunstone Life Science Ventures and Heartcore Capital. ### How many investors based in Denmark are there? 594 are on record. 5% made an investment in the last 12 months and 2% have led a round. ### Which stages do investors based in Denmark back? Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Pre-seed (20%). ### How big are the rounds investors based in Denmark join? The typical (median) round among the leading investors here is $7.1M. ### Which sectors do investors based in Denmark back most? In the last 12 months, mostly AI, Biotech and Big Data & Analytics. ### Which investors based in Denmark lead the most rounds? ByFounders (7 led), Novo Holdings (3 led) and Kompas VC (2 led). ### What have investors based in Denmark invested in recently? Recent rounds include Orana (Growth, Oct 2026, with Impact Fund Denmark (formerly IFU)), Plinto (Pre-seed, Oct 2026, with People Ventures) and PSV Tech (Pre-seed, Oct 2026, with EIFO (Denmark)). ### How is this list of investors based in Denmark ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)