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Seed Capital

Europe, Hovedstaden, Denmark, Copenhagen

Description

Seed Capital is recognized as Denmark's largest seed-stage venture capital fund, strategically headquartered in Copenhagen. The firm primarily focuses on investing in ambitious technology companies that demonstrate significant growth potential, with a strong emphasis on sectors such as B2B SaaS, fintech, and deep tech. Their investment philosophy centers on identifying and nurturing early-stage ventures, providing not only crucial capital but also strategic guidance to help these companies scale from their foundational stages.

The firm's investment strategy involves providing initial cheques typically ranging from $700,000 to $2.8 million (DKK 5-20 million), often leading or co-leading funding rounds. Beyond the initial investment, Seed Capital is known for its capacity to provide substantial follow-on funding, supporting portfolio companies through subsequent growth stages. For instance, their latest fund, Seed Capital V, closed at DKK 1 billion, equivalent to approximately $140 million, underscoring their significant financial capacity to back promising startups throughout their lifecycle.

Seed Capital distinguishes itself by offering more than just financial backing. They actively engage with their portfolio companies, leveraging their extensive network, operational expertise, and strategic insights to accelerate growth. This hands-on approach includes support in areas such as talent acquisition, market expansion, and fundraising for later rounds. Their robust portfolio includes over 100 companies, a testament to their long-standing commitment to fostering innovation within the Nordic tech ecosystem and their proven track record of identifying and scaling successful ventures.

The firm plays a pivotal role in the Danish and broader Nordic startup landscape, acting as a cornerstone investor for many of the region's emerging tech leaders. Their deep understanding of the local market combined with an international outlook positions them as a key partner for founders aiming for global impact. Seed Capital's consistent fundraising success and growing portfolio underscore its enduring influence and commitment to driving technological advancement in the region.

Investor Profile

Seed Capital has backed more than 222 startups, with 4 new investments in the last 12 months alone. The firm has led 51 rounds, about 23% of its total and boasts 33 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, Health Care, E-Commerce.
  • Led 3 rounds in the past year.
  • Typical check size: $700K – $2.8M.

Stage Focus

  • Seed (39%)
  • Series Unknown (35%)
  • Series A (8%)
  • Series B (6%)
  • Pre Seed (4%)
  • Series C (4%)
  • Series D (1%)
  • Angel (1%)
  • Post Ipo Equity (1%)

Country Focus

  • Denmark (84%)
  • United States (7%)
  • United Kingdom (5%)
  • Sweden (1%)

Industry Focus

  • Software
  • Health Care
  • E-commerce
  • Biotechnology
  • Fintech
  • Information Technology
  • Enterprise Software
  • Artificial Intelligence (Ai)
  • Saas
  • 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 Seed Capital frequently co-invest with?

Vaekstfonden
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 12
Greyhound Capital
Europe, England, United Kingdom, London
Co-Investments: 5
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 5
Accelerace
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 5
Socii Capital
North America, California, United States, San Francisco
Co-Investments: 5
Novo Holdings
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 5
Chr. Augustinus Fabrikker
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 6
Heartcore Capital
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 8
PSV
Europe, Hovedstaden, Denmark, Lyngby
Co-Investments: 57
Northzone
Europe, England, United Kingdom, London
Co-Investments: 5

Which angels does Seed Capital often collaborate with?

Shared Deals: 1
MC
Europe, United Kingdom
Shared Deals: 2
PD
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 4
TK
Europe, Denmark
Shared Deals: 2
Shared Deals: 2
AA
North America, California, United States, San Francisco
Shared Deals: 2
JL
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
KN
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
BL
Europe, Sweden
Shared Deals: 2
RA
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2

What are some of recent deals done by Seed Capital?

Observe Medical

Gothenburg, Vastra Gotaland, Sweden

Observe Medical Nordic AB develops digital monitoring equipment for kidney

Health CareMedical
Post Ipo EquityJun 11, 2025
Amount Raised: $3,600,588
Fortiv

Copenhagen, Hovedstaden, Denmark

Fortiv is an AI business continuity platform designed to build resilience, put compliance on autopilot and demonstrate reliability.

Artificial Intelligence (AI)Business DevelopmentSoftware
Pre SeedMay 20, 2025
Amount Raised: $3,375,543
Tembi

Copenhagen, Hovedstaden, Denmark

Tembi is a platform that analyzes vast volumes of data and provides insights that allow businesses to anticipate market trends.

Business DevelopmentBusiness Process Automation (BPA)Data Management
SeedDec 5, 2024
Amount Raised: $3,122,903
Embankment Group

Wilmslow, Cheshire, United Kingdom

Embankment Group is a recruitment firm specializing in the environmental industry.

RecruitingStaffing Agency
SeedNov 7, 2024
Amount Raised: $4,342,860
Landfolk

Aarhus, Midtjylland, Denmark

Landfolk offers rental services for trip and vacation.

HospitalityOnline PortalsVacation Rental
Series AJul 18, 2024
Amount Raised: $11,103,920
Flatpay

Herlev, Hovedstaden, Denmark

Flatpay is a fintech company that offers Point of Service (POS) and payments processing solutions for small and medium-sized merchants.

Credit CardsInformation TechnologyPaymentsSoftware Engineering
Series BApr 17, 2024
Amount Raised: $48,011,113
Holdbar

Aarhus, Midtjylland, Denmark

Holdbar is here to assist you in giving wonderful experiences and managing your business better.

SoftwareTravel
SeedFeb 9, 2024
Amount Raised: $3,500,000
Mesh Bio

Bukit Merah, Central Region, Singapore

Mesh Bio is a digital health startup that is transforming chronic disease management through predictive analytics.

AnalyticsArtificial Intelligence (AI)BiotechnologyHealth CareInformation TechnologyPredictive Analytics
Series AOct 12, 2023
Amount Raised: $3,500,000
Embla

Copenhagen, Hovedstaden, Denmark

Embla provides an online medical weight loss treatment using prescription drugs and coaching.

Health CareMedicalWellness
Series AAug 23, 2023
Amount Raised: $10,865,739
Flatpay

Herlev, Hovedstaden, Denmark

Flatpay is a fintech company that offers Point of Service (POS) and payments processing solutions for small and medium-sized merchants.

Credit CardsInformation TechnologyPaymentsSoftware Engineering
Series AJun 26, 2023
Amount Raised: $16,408,160