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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?

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
Luca

Madrid, Madrid, Spain

Saas K12 Learning Platform

Artificial Intelligence (AI)E-LearningEdTechEducationPrimary EducationSaaSSecondary Education
SeedNov 11, 2024
Amount Raised: $2,000,000

Rhinestone is building a platform to enable a secure ecosystem of smart account modules and, with it, permissionless wallet innovation.

BlockchainSoftware Engineering
SeedAug 14, 2024
Amount Raised: $5,000,000
Essential

Montréal, Quebec, Canada

Essential is building intent-based infrastructure & tooling to accelerate the transition from value extraction to intent satisfaction.

BlockchainCryptocurrencySoftware Engineering
Series AAug 13, 2024
Amount Raised: $8,006,230
Byway Travel

London, England, United Kingdom

Byway Travel provides slow travel trips that take the scenic route to local stays, off-the-beaten path experiences.

TourismTravel
Series AJul 9, 2024
Amount Raised: $6,445,054