Venture capital firms in Denmark backing hardtech

Accelerace is a Copenhagen-based pre-seed investor and startup accelerator active across the Nordics and Baltics, having accelerated 1,000+ startups and made 120+ pre-seed investments (primarily first-time founders) since 2008; in October 2025 it merged with BioInnovation Institute.

Backed Elby, Weedbot

Alliance VC (Alliance Venture) is a Nordic early-stage venture capital firm founded in 2001, with partners on the ground in Oslo, Stockholm, Copenhagen and Helsinki, backing Nordic founders with global ambitions. While its current thesis centers on applied AI and software, its portfolio includes verified hardtech bets such as 1X Technologies (humanoid robotics) and Aquabyte (computer-vision hardware for fish farming), and it is actively deploying its newly closed Alliance Nordic III fund.

Backed 1X Technologies (Halodi Robotics), Aquabyte

Global early-stage venture capital firm with a dedicated always-on residency model in the Nordics, investing from day zero through Series C.

Backed Evyon (battery storage from repurposed EV batteries)

Danish VC investing in growth-stage companies in lifestyle, software, and hardware across Europe and the U.S. Formerly Nordic Eye.

Backed Blue Ocean Robotics, MATE.Bike, Bellabeat

Heartcore Capital (formerly Sunstone Capital, founded 2007) is an early-stage venture capital firm headquartered in Copenhagen with additional offices in Stockholm, Berlin and Paris, investing from pre-seed to Series A across Europe. While historically known as a consumer-tech investor, it has recently expanded into deep tech, defence, quantum computing, space and synthetic biology alongside its core AI, fintech, travel and web3 bets.

Backed EGIDE, Isentroniq, Qualia, Skynopy, Ionlace, Numi

Investo Capital is a Danish venture capital firm based in Aalborg, founded in 2018 and backed by NOVI Innovation and Heartland. It invests in early growth Danish tech companies across medtech, industry 4.0 and water tech, and takes an active board role in each company it backs.

Backed TracInnovations, Tentoma, Create it REAL, VentriJect, Dryp, Nilroy

Copenhagen-based early-stage venture capital firm that has, since its founding in 2021, backed founders building enabling technologies for physical industries such as manufacturing, the built environment, and energy. In 2026 the firm closed a 160 million euro Fund II, backed by LPs including VKR Holding and new entrant Realdania, to keep investing at the intersection of the physical world and modern technology.

Backed United Manufacturing Hub (UMH), Array Labs, Epoch Biodesign, General Biotechnologies, Found Industries, Tynt Technologies

Marvelous is a Berlin based pre-seed and seed investor backing European deeptech founders in physics, chemistry and biology, with a focus on advanced materials, waste valorisation and robotics across food and agriculture, the built environment and heavy industry. The firm runs two vehicles, Marvelous Ventures Fund I for direct investments and the Marvelous Scito Fund, an evergreen fund of funds anchored by a 20 million euro commitment from the Joachim Herz Stiftung, alongside its Catalyst industry partnership network.

Backed NANOPLUME, ABSORA, SEAL Robotics

Copenhagen-based early-stage venture capital fund founded in late 2020, investing in deeptech and hardtech companies tackling climate and environmental challenges, with a concentrated portfolio of five companies where partners take an active, hands-on role with each founding team.

Backed Lotus Microsystems, Spectro Inlets

Early-stage venture capital firm investing in deep foodtech across the Nordics and Baltics, backing startups building new technologies for food and agriculture.

Backed NPHarvest, Kuva Space

Nordic Makers is an angel led, Nordic early stage investor founded in 2016 by serial entrepreneurs behind exits like Zendesk, Just Eat and Sitecore. Based in Stockholm and Copenhagen, it now writes 500k to 1m euro checks into pre-seed and seed B2B software startups across the Nordics, with a handful of earlier bets touching nuclear, wearables and IoT hardware.

Backed Minut, Seaborg Technologies, NextMind, Atech, Donkey Republic

Nordic Secondary Fund, founded in 2018 and based in Copenhagen, is the first fund in the Nordics to invest exclusively in secondary stakes. It buys minority positions in Nordic and Baltic companies that have already raised a Series A round and shown a proven, scalable business model, aiming for a return between 2x and 5x within five years.

Backed Cleveron, Pixieray, Varjo, CathVision, Norlase, Click & Grow

North Ventures is a Copenhagen-based venture capital firm investing in technology-driven companies from seed to Series A in Denmark and across the Nordics. Founded in 2019 as an evolution of North Finance, it has backed dozens of Danish growth companies and raised a dedicated venture fund targeting DKK 300 million to keep scaling that activity.

Backed Sparrow Quantum, Quadsat, Reblade, Advalight, a:gain, Dryp

People Ventures is an operational venture capital firm based in Copenhagen that invests its own people and capital alongside money into founders, backing pre-seed and seed stage tech companies across the Nordics, with a recent focus on digital health and enterprise software.

Backed Understory, Onomondo, sani nudge, Cortrium, Spiio

PSV (formerly PreSeed Ventures) is a Copenhagen based venture house rooted at DTU, running three units, the evergreen PSV Foundry, the pre-seed software fund PSV Tech, and PSV Hafnium, a dedicated Nordic deep tech fund backed by EIF and EIFO that has already invested in nine plus deep tech startups across clean energy, semiconductors, photonics and industrial technology.

Backed Solinide Photonics, Acodyne, Spaceline Labs, SisuSemi, Enerin, Thiax

Investing in the critical technologies that Europe and the world will depend on. Seed and Series A. Deeply rooted in the Nordics.

Backed Blykalla, Sparrow Quantum