Copenhagen’s Seed Capital closes €130 million Fund V to back Nordic startups from Seed to Series A
Seed Capital, a Copenhagen-based seed-stage investor, has today announced that it has closed its Fund V at €130 million. The fund will invest in 15-17 companies, with first checks of €3-6 million in FinTech, cybersecurity, resilience, and AI-driven B2B. With its fifth fund, Seed Capital will expand its investments beyond Denmark to the Nordics with […] The post Copenhagen’s Seed Capital closes…
Copenhagen-based seed-stage investor, Seed Capital, has announced the closure of its Fund V, securing €130 million in capital. The fund aims to invest in 15-17 Nordic startups, ranging from seed to Series A, with initial investments of €3-6 million allocated to FinTech, cybersecurity, resilience, and AI-driven B2B sectors. This marks an expansion of Seed Capital's investments beyond Denmark to the Nordics, with a strategic focus on Sweden.
Christian Brøndum, Managing Partner of Seed Capital, stated that broadening into the Nordics is a natural progression of their established fund model, incorporating their track record and expertise in FinTech, cybersecurity, and resilience. Their proximity to founders is paramount to their operations, enabling them to be on-site within an hour's reach to support the founders they partner with.
Seed Capital's portfolio includes successful Nordic companies like Flatpay, Trustpilot, VEO, Lunar, and Templafy, which have collectively raised over $2.6 billion. In addition to investments, the firm provides various value-adding services such as management support, business development, organizational and strategic planning, marketing, and ad hoc operational, financial, and legal assistance.
Brøndum and Geeta Schmidt, former CEO and co-founder of Humio, have joined as Managing Partner and General Partner, respectively. Lars Andersen, with more than 20 years of VC experience, will also serve as a General Partner, forming the partner team alongside Brøndum and Schmidt. The firm follows a hybrid investment model, combining former operators and investment professionals to better understand founders' challenges, while offering strategic guidance and investor perspectives.
The fifth fund of Seed Capital places a particular emphasis on cybersecurity and resilience, with the firm having already made its first investments from Fund V, including Fortiv, Moxso, Repodo, and Oplane. Schmidt emphasized the growing importance of secure software as companies increasingly rely on AI and pushed the boundaries of innovation.
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