# Who Invests With The Danish Growth Fund: 25 Co-Investors (2026)

> The 25 investors that have backed two or more of the same startups as The Danish Growth Fund, by kind: vc firms and accelerators.

Source: https://millionrounds.com/portfolio-maps/v-kstfonden-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

21

- [*EA* Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund)
- [Seed Capital](https://millionrounds.com/fund/seed-capital)
- [*VV* VF Venture](https://millionrounds.com/fund/vf-venture)
- [Innovation Fund Denmark](https://millionrounds.com/fund/innovation-fund-denmark)
- [Novo Holdings](https://millionrounds.com/fund/novo-ventures)
- [Creandum](https://millionrounds.com/fund/creandum)
- [*E* EISMEA](https://millionrounds.com/fund/eismea)
- [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital)
- [ByFounders](https://millionrounds.com/fund/byfounders)
- [InnovationsKapital](https://millionrounds.com/fund/innovationskapital)
- [Northcap](https://millionrounds.com/fund/northcap)
- [Sunstone Life Science Ventures](https://millionrounds.com/fund/sunstone-life-science-ventures)
- [Ring Capital](https://millionrounds.com/fund/ring)
- [North-East Venture](https://millionrounds.com/fund/north-east-venture)
- [*DG* Danish Growth Fund](https://millionrounds.com/fund/danish-growth-fund)
- [Giant Ventures](https://millionrounds.com/fund/giant-ventures)
- [*H2* Horizon 2020](https://millionrounds.com/fund/horizon-2020)
- [*BI* BioInnovation Institute](https://millionrounds.com/fund/bioinnovation-institute)
- [Speedinvest](https://millionrounds.com/fund/speedinvest)
- [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures)
- [Inventure](https://millionrounds.com/fund/inventure)

## Accelerators

4

- [Y Combinator](https://millionrounds.com/fund/y-combinator)
- [Rockstart](https://millionrounds.com/fund/rockstart)
- [Founders](https://millionrounds.com/fund/founders)
- [Alchemist Accelerator](https://millionrounds.com/fund/alchemist-accelerator)

## Segment by segment

### VC firms

21 investors

- [*EA* **Export and Investment Fund**](https://millionrounds.com/fund/export-and-investment-fund) VC firm - 13 backed
- [**Seed Capital**](https://millionrounds.com/fund/seed-capital) VC firm Denmark 13 backed
- [*VV* **VF Venture**](https://millionrounds.com/fund/vf-venture) VC firm - 12 backed
- [**Innovation Fund Denmark**](https://millionrounds.com/fund/innovation-fund-denmark) VC firm Denmark 11 backed
- [**Novo Holdings**](https://millionrounds.com/fund/novo-ventures) VC firm Denmark 3 backed
- [**Creandum**](https://millionrounds.com/fund/creandum) VC firm Sweden 3 backed
- [*E* **EISMEA**](https://millionrounds.com/fund/eismea) Investment firm - 3 backed
- [**Heartcore Capital**](https://millionrounds.com/fund/heartcore-capital) VC firm Denmark 3 backed

### Accelerators

4 investors

- [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 5 backed
- [**Rockstart**](https://millionrounds.com/fund/rockstart) Accelerator Netherlands 4 backed
- [**Founders**](https://millionrounds.com/fund/founders) Accelerator Denmark 2 backed
- [**Alchemist Accelerator**](https://millionrounds.com/fund/alchemist-accelerator) Accelerator United States 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as The Danish Growth Fund, in rounds we track. Grouped by kind, each ranked by how many startups it shares with The Danish Growth Fund. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **The Danish Growth Fund portfolio map** 58 startups · $1.2B](https://millionrounds.com/portfolio-maps/v-kstfonden-portfolio-map)[Sector portfolio **The Danish Growth Fund's AI portfolio** 10 startups · $91M](https://millionrounds.com/portfolio-maps/v-kstfonden-ai-portfolio)[Co-investors **Who invests with Joshua Schachter** 111 co-investors](https://millionrounds.com/portfolio-maps/joshua-schachter-co-investors)[Co-investors **Who invests with Start Fund** 109 co-investors](https://millionrounds.com/portfolio-maps/start-fund-co-investors)[Co-investors **Who invests with Guillermo Rauch** 63 co-investors](https://millionrounds.com/portfolio-maps/guillermo-rauch-co-investors)[Co-investors **Who invests with TEEC Angel Fund** 60 co-investors](https://millionrounds.com/portfolio-maps/teec-angel-fund-co-investors)

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