# VC firms based in Denmark (2026 list) > 257 VC firms based in Denmark, 8% active in the last 12 months. Led by Seed Capital, Novo Holdings, Sunstone Life Science Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-based-in-denmark (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms based in Denmark Updated 7 November 2026 VC firms headquartered in Denmark. [See all 257 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-denmark)The top 25 **257** investors on the list No change this week **115** cheques in 12 months *-7%* against the market **$6.5M** median round they joined *-19%* against the market median **8%** wrote a cheque in 12 months **4%** 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 [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 - 4 [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) *Deploying now* VC firm · Denmark **81** **$9.2M** median round **Nov 2026** last seen - 5 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 6 [Innovation Fund Denmark](https://millionrounds.com/fund/innovation-fund-denmark) *Deploying now* VC firm · Denmark **46** **$780K** median round **May 2026** last seen - 7 [Northcap](https://millionrounds.com/fund/northcap) quiet VC firm · Denmark **22** **$4M** median round **Sept 2015** last seen - 8 [BankInvest](https://millionrounds.com/fund/bankinvest) quiet VC firm · Denmark **13** **$22M** median round **Mar 2012** last seen - 9 [North-East Venture](https://millionrounds.com/fund/north-east-venture) quiet VC firm · Denmark **8** **$2.6M** median round **Jul 2015** last seen - 10 [Kompas VC](https://millionrounds.com/fund/kompas-vc) *Deploying now* VC firm · Denmark **7** **$13M** median round **Nov 2026** last seen - 11 [Lundbeckfonden Ventures](https://millionrounds.com/fund/lundbeckfonden-ventures) quiet VC firm · Denmark **7** **$31M** median round **May 2019** last seen - 12 [Nupark Accelerace](https://millionrounds.com/fund/nupark-accelerace) quiet VC firm · Denmark **7** **$793K** median round **Jul 2015** last seen - 13 [Incuba Venture](https://millionrounds.com/fund/incuba-venture) quiet VC firm · Denmark **6** **$4.4M** median round **Jan 2007** last seen - 14 [CAPNOVA](https://millionrounds.com/fund/capnova) quiet VC firm · Denmark **5** **$875K** median round **Nov 2014** last seen - 15 [BlackWood Ventures](https://millionrounds.com/fund/blackwood-ventures) *Deploying now* VC firm · Denmark **4** **$3.5M** median round **Nov 2026** last seen - 16 [Climentum Capital](https://millionrounds.com/fund/climentum-capital) *Deploying now* VC firm · Denmark **4** **$10M** median round **Jun 2026** last seen - 17 [North Ventures](https://millionrounds.com/fund/north-ventures) *Deploying now* VC firm · Denmark **4** **$15M** median round **Sept 2026** last seen - 18 [Blue Ocean Ventures](https://millionrounds.com/fund/blue-ocean-ventures) quiet VC firm · Denmark **3** **$62K** median round **Jul 2013** last seen - 19 [Danske Bank](https://millionrounds.com/fund/danske-bank) quiet VC firm · Denmark **3** **$35M** median round **Sept 2025** last seen - 20 [IDC Ventures](https://millionrounds.com/fund/idc-ventures) quiet VC firm · Denmark **3** **$55M** median round **Nov 2024** last seen - 21 [Nordic Makers](https://millionrounds.com/fund/nordic-makers) quiet VC firm · Denmark **3** **$16M** median round **Apr 2019** last seen - 22 [People Ventures](https://millionrounds.com/fund/people-ventures-3) *Deploying now* VC firm · Denmark **3** **$14M** median round **Oct 2026** last seen - 23 [Straus Partners](https://millionrounds.com/fund/straus-partners) quiet VC firm · Denmark **3** **$10M** median round **Sept 2010** last seen - 24 [Ugly Duckling Ventures](https://millionrounds.com/fund/ugly-duckling-ventures) *Deploying now* VC firm · Denmark **3** **$5.8M** median round **Sept 2026** last seen - 25 [Syddansk Venture](https://millionrounds.com/fund/syddansk-venture) quiet VC firm · Denmark **3** **$550K** median round **Apr 2007** last seen **232 more on this list** All 257 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-denmark) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Juritas](https://millionrounds.com/company/juritas)** Pre-seed · $1.6M *With* [BlackWood Ventures](https://millionrounds.com/fund/blackwood-ventures) - **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *With* [Kompas VC](https://millionrounds.com/fund/kompas-vc) - **2** Nov **[Pixel Systems](https://millionrounds.com/company/pixel-systems)** Seed · $3.1M *Led by* [Unconventional Ventures](https://millionrounds.com/fund/unconventional-ventures) - **2** Nov **[Marble Cognition](https://millionrounds.com/company/marble-cognition)** Pre-seed · $3.8M *Led by* [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) - **28** Oct **[Artiso](https://millionrounds.com/company/artiso)** Pre-seed · $3.4M *With* [Look Up Ventures](https://millionrounds.com/fund/look-up-ventures) - **26** Oct **[Nous](https://millionrounds.com/company/nous)** Series A · $17M *With* [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) ## Stages This Year 113 rounds - Series A **26%** - Seed **18%** - Pre-seed **16%** - Venture **13%** - Series B **8%** - Other **19%** ## What They Backed Sectors, last 12 months - AI **32** - Biotech **22** - Big Data & Analytics **12** - Healthcare **10** - Pharma **10** - Fintech **7** ## Cheques by Quarter Led Joined 31 Q1 25 28 Q2 25 34 Q3 25 41 Q4 25 33 Q1 26 28 Q2 26 27 Q3 26 13 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms based in Denmark ### Who are the most active VC firms based in Denmark? By cheques observed, the most active are Seed Capital, Novo Holdings, Sunstone Life Science Ventures, Heartcore Capital and ByFounders. ### How many VC firms based in Denmark are there? 257 are on record. 8% made an investment in the last 12 months and 4% have led a round. ### Which stages do VC firms based in Denmark back? Of the rounds with a named stage in the last 12 months, mostly Series A (32%) and Seed (22%). ### How big are the rounds VC firms based in Denmark join? The typical (median) round among the leading investors here is $9.2M. ### Which sectors do VC firms based in Denmark back most? In the last 12 months, mostly AI, Biotech and Big Data & Analytics. ### Which VC firms based in Denmark lead the most rounds? ByFounders (7 led), Novo Holdings (3 led) and North Ventures (3 led). ### What have VC firms based in Denmark invested in recently? Recent rounds include Juritas (Pre-seed, Nov 2026, with BlackWood Ventures), Supa (Seed, Nov 2026, with Kompas VC) and Pixel Systems (Seed, Nov 2026, with Unconventional Ventures). ### How is this list of VC firms 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)