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Heartcore Capital

Europe, Hovedstaden, Denmark, Copenhagen

Description

Heartcore Capital is a prominent European venture capital firm headquartered in Copenhagen, Denmark, with additional presence in Paris and Berlin. Established as one of the region's pioneering early-stage investors, the firm focuses on backing ambitious founders building technology companies that aim to positively impact people's lives. Their investment philosophy centers on identifying consumer-facing businesses with strong potential for global scalability, often leveraging digital platforms to disrupt traditional industries or create new markets.

Primarily targeting Seed and Series A rounds, Heartcore Capital is known for its hands-on approach, providing not just capital but also strategic guidance and operational support to its portfolio companies. They are particularly active across the Nordic region, where they are recognized as a leading Seed investor, but their reach extends across the broader European landscape. Their typical initial investment ranges from approximately $1.08 million to $5.4 million, demonstrating a commitment to significant early-stage funding.

Over its history, Heartcore Capital has built a robust portfolio of successful companies, including notable names like GetYourGuide, Boozt, and Peakon (acquired by Workday). The firm has a strong track record of identifying and nurturing companies that achieve substantial growth and successful exits. To date, Heartcore Capital has raised over €600 million across seven funds, underscoring its long-term commitment and significant capital base for supporting European tech innovation.

Their latest fund, Heartcore Capital VII, closed at €150 million in 2022, further solidifying their capacity to invest in the next generation of European tech leaders. This continuous fundraising success allows them to maintain their position as a key player in the early-stage venture ecosystem, providing crucial capital and expertise to founders at critical junctures of their company's development. Heartcore Capital remains dedicated to fostering a diverse and impactful portfolio, driving technological advancements that resonate with consumers.

Investor Profile

Heartcore Capital has backed more than 205 startups, with 9 new investments in the last 12 months alone. The firm has led 57 rounds, about 28% of its total and boasts 23 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Germany, Denmark.
  • Strong thematic focus on Software, Machine Learning, FinTech.
  • Led 1 rounds in the past year.
  • Typical check size: $1.1M – $5.4M.

Stage Focus

  • Seed (32%)
  • Series A (25%)
  • Series B (15%)
  • Series Unknown (13%)
  • Pre Seed (7%)
  • Series C (5%)
  • Series D (2%)

Country Focus

  • United States (18%)
  • Germany (17%)
  • Denmark (17%)
  • United Kingdom (15%)
  • Sweden (11%)
  • Spain (7%)
  • France (6%)
  • Finland (4%)
  • Switzerland (1%)
  • United Arab Emirates (1%)

Industry Focus

  • Software
  • Machine Learning
  • Fintech
  • Saas
  • Artificial Intelligence (Ai)
  • Analytics
  • Health Care
  • E-commerce
  • Gaming
  • Financial Services
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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 Heartcore Capital frequently co-invest with?

Vaekstfonden
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 9
Spark Capital
North America, California, United States, San Francisco
Co-Investments: 7
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 9
Headline
North America, California, United States, San Francisco
Co-Investments: 18
Partech
Europe, Ile-de-France, France, Paris
Co-Investments: 14
Idinvest Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 8
EQT Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 8
Seed Capital
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 8
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 8
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 9

Which angels does Heartcore Capital often collaborate with?

TA
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 3
JM
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
Bryan Pellegrino
North America, British Columbia, Canada, Vancouver
Shared Deals: 2
Fritz Demopoulos
Asia, Singapore
Shared Deals: 2
SC
North America, New York, United States, New York
Shared Deals: 2
NO
Europe, Zurich, Switzerland
Shared Deals: 2
NR
North America, California, United States, San Francisco
Shared Deals: 2
AE
Europe, England, United Kingdom, London
Shared Deals: 2
Arthur Hayes
Asia, Hong Kong
Shared Deals: 2
BM
North America, United States
Shared Deals: 2

What are some of recent deals done by Heartcore Capital?

Spinnable AI

Wilmington, Delaware, United States

Spinnable AI builds autonomous AI teammates that boost business productivity by scaling operations beyond human limits.

Customer ServiceHuman ResourcesSalesSupply Chain Management
Pre SeedNov 10, 2025
Amount Raised: $2,311,310

IsentroniQ is a Semiconductor quantum processors manufacturing firm.

Digital SignageManufacturingSemiconductor
Pre SeedOct 14, 2025
Amount Raised: $8,705,827
375ai

San Francisco, California, United States

375ai operates as a decentralized edge data intelligence network.

Artificial Intelligence (AI)Decentralized Finance (DeFi)
Series UnknownOct 8, 2025
Amount Raised: $5,000,000
Zefir

Paris, Ile-de-France, France

An all-in-one platform that allows people to sell or buy Real Estate in one simple, certain transaction.

Real Estate
Series BSep 4, 2025
Amount Raised: $17,488,123
Skynopy

Paris, Ile-de-France, France

Connecting satellites. As a service

Series UnknownJun 30, 2025
Amount Raised: $17,618,041

Veda operates as a vault infrastructure platform.

CryptocurrencyDecentralized Finance (DeFi)
Series AJun 22, 2025
Amount Raised: $18,000,000
IXI

Espoo, Southern Finland, Finland

IXI is redefining vision correction with the world’s first adaptive eyewear, providing seamless clarity wherever you look.

Eyewear
Series AApr 28, 2025
Amount Raised: $36,500,000
PhaseTree

Søborg, Hovedstaden, Denmark

PhaseTree delivers a platform that integrates multiscale simulations.

SimulationSoftware
SeedMar 7, 2025
Amount Raised: $3,195,631
Superform Labs

Miami, Florida, United States

Superform Labs is a crypto yield markets publisher.

BlockchainCryptocurrencyService Industry
Series UnknownDec 12, 2024
Amount Raised: $3,000,000

Barter enables decentralized applications by ensuring efficient transaction routing and optimization.

Decentralized Finance (DeFi)
SeedNov 19, 2024
Amount Raised: $3,000,000