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Export and Investment Fund

Europe, Hovedstaden, Denmark, Hellerup

Description

The Export and Investment Fund of Denmark (EIFO) serves as the Danish state's primary financial institution dedicated to fostering growth and job creation within Danish companies, both domestically and internationally. Operating as a single point of contact, EIFO provides a range of risk-tolerant government financing solutions, including loans, guarantees, and equity investments. Its overarching mission is to ensure optimal conditions for Danish businesses, particularly those engaged in export, innovation, and the green transition, by providing crucial capital and support where private markets might be more hesitant.

EIFO actively participates in the venture capital landscape, specifically targeting Danish start-ups and scale-ups that demonstrate high growth potential and a strong commitment to sustainability. While their portfolio spans various sectors, including technology, life sciences, and green technologies, a common thread is the focus on companies poised for significant expansion and global reach. EIFO typically co-invests alongside private investors, providing a crucial anchor for funding rounds. For its equity investments, EIFO's typical first cheque size ranges from DKK 5 million to DKK 50 million, which translates to approximately USD 720,000 to USD 7.2 million, depending on the specific needs and stage of the company.

The fund's impact extends significantly across the Danish economy. In 2022 alone, EIFO contributed to financing DKK 172 billion (approximately USD 25 billion) in Danish exports and investments, underscoring its substantial role in the nation's economic activities. Beyond direct financial support, EIFO's operations are designed to de-risk investments for private capital and accelerate the development of innovative and sustainable solutions. Its strategic investments and financing initiatives are integral to Denmark's economic resilience and its ambition to lead in green technologies and global trade.

Investor Profile

Export and Investment Fund has backed more than 78 startups, with 27 new investments in the last 12 months alone. The firm has led 28 rounds, about 36% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Denmark, United States, United Kingdom.
  • Strong thematic focus on Software, Biotechnology, Health Care.
  • Led 8 rounds in the past year.
  • Typical check size: $720K – $7.2M.

Stage Focus

  • Seed (29%)
  • Series Unknown (22%)
  • Series A (21%)
  • Pre Seed (10%)
  • Series B (5%)
  • Series C (4%)
  • Post Ipo Debt (4%)
  • Grant (1%)
  • Debt Financing (1%)
  • Angel (1%)

Country Focus

  • Denmark (79%)
  • United States (8%)
  • United Kingdom (5%)
  • Iceland (1%)
  • Norway (1%)
  • Ukraine (1%)
  • France (1%)
  • Lithuania (1%)

Industry Focus

  • Software
  • Biotechnology
  • Health Care
  • Information Technology
  • Manufacturing
  • Saas
  • Renewable Energy
  • Medical Device
  • Therapeutics
  • Life Science
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Export and Investment Fund frequently co-invest with?

Innovestor
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
The Footprint Firm
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 3
Novo Holdings
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 8
Chr. Augustinus Fabrikker
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 4
Octopus Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 2
PSV
Europe, Hovedstaden, Denmark, Lyngby
Co-Investments: 5
Rockstart
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 4
NV
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 3
Nordic Foodtech VC
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3

Which angels does Export and Investment Fund often collaborate with?

AG
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
TR
Europe, Tallinn, Estonia
Shared Deals: 1
JB
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
BB
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
TW
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
VS
Europe, England, United Kingdom, London
Shared Deals: 1
NR
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
KH
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
ME
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
BT
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1

What are some of recent deals done by Export and Investment Fund?

Enel

Rome, Lazio, Italy

Enel is a power company specializing in the power and gas markets.

EnergyEnergy StorageHydroelectricOil and Gas
Post Ipo DebtJul 25, 2025
Amount Raised: $888,606,791
QuadSAT

Odense, Syddanmark, Denmark

QuadSAT has been established as a VSAT solution and R&D company in Horsens, Denmark.

ConsultingProject ManagementTelecommunications
Series AJul 17, 2025
Amount Raised: $5,758,477
Astrolight

Vilnius, Vilniaus Apskritis, Lithuania

Astrolight develops secure laser communication systems for aerospace and defence.

AerospaceTelecommunicationsWireless
SeedMay 22, 2025
Amount Raised: $3,171,694
Saildrone

Alameda, California, United States

Saildrone is a maritime company that enables navies, governments, and organizations to obtain data required to monitor the maritime domain.

Artificial Intelligence (AI)Big DataDronesManufacturingMarine Technology
Series UnknownMay 13, 2025
Amount Raised: $60,000,000
Dawn Health

Copenhagen, Hovedstaden, Denmark

Dawn Health is a digital health company specializing in developing regulated software-as-a-medical-device and digital therapeutics.

ConsultingHealth CareMedical DevicemHealthTherapeutics
Series UnknownMay 5, 2025
Amount Raised: $13,035,726
Cacto Health

Horsens, Midtjylland, Denmark

Cacto Health is the Developer of a medical device system designed for monitoring lymphedema in breast cancer patients.

Health CareHealth DiagnosticsMedical Device
SeedApr 24, 2025
Amount Raised: $456,956
Sparrow Quantum

Copenhagen, Hovedstaden, Denmark

Sparrow Quantum develope and commercializes photonic quantum chip technology.

ManufacturingQuantum ComputingSemiconductor
Series AApr 10, 2025
Amount Raised: $24,209,449
Fuse Vectors

Copenhagen, Hovedstaden, Denmark

Fuse Vectors is disrupting the manufacturing process in order to provide universal access to gene therapy.

Biotechnology
Pre SeedFeb 25, 2025
Amount Raised: $5,196,690
Orbex Space

Forres, Moray, United Kingdom

Orbex is a space company that offers orbital launch services specifically designed for small satellites, with a focus on reusability.

AerospaceAutonomous VehiclesSatellite CommunicationSpace Travel
Series DJan 29, 2025
Amount Raised: $28,639,844
Engie

Paris, Ile-de-France, France

ENGIE is a global energy player and an expert operator in the three key sectors of electricity, natural gas and energy services.

EnergyHydroelectricNatural ResourcesOil and GasRenewable Energy
Post Ipo DebtJan 17, 2025
Amount Raised: $515,125,103