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Export and Investment Fund of Denmark

Fund Of Funds, Sovereign Wealth Fund, Venture Capital · Founded 1992 · Copenhagen, Denmark

#1,989 Investor rankamong investors on Dealroom

EIFO - Danish Sovereign Fund making the world Denmark’s business

110 Portfolio companies+1122% in 5 years
5 Unicorns
4 Decacorns
155 Investments
Jul 2026 Last investment
01 · Fund commitments

The funds Export and Investment Fund of Denmark backs.

Export and Investment Fund of Denmark is a limited partner in 41 funds. 2 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Northzone
United Kingdom
#224 Power Law
Heartcore Capital
Denmark
#358 Power Law
2150
United Kingdom
2xN
United Kingdom
55 North
Denmark
Accelerace
Denmark
Ada Ventures
United Kingdom
Antler
Singapore
Astanor Ventures
Luxembourg
BankInvest
Denmark
byFounders
Denmark
Climentum Capital
Denmark
03 · Exits

Export and Investment Fund of Denmark’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Export and Investment Fund of Denmark’s transaction record.

Iberdrola
IPO · 2007
Now $213BEnergy
Enel
$21B IPO · 1999
Now $179BEnergy
EnBW
IPO · 1997
Now $36BEnergy
Ørsted
$15B IPO · 2016
Now $30BEnergy
CADELER
IPO · 2015
Now $4.4BEnergy
04 · Portfolio analysis

Where Export and Investment Fund of Denmark’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 110 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Denmark238
  2. USA9
  3. UK4
  4. Germany2
  5. Norway2
  6. Ukraine2
  7. Belgium1
  8. Iceland1
  9. Italy1
  10. Japan1
  11. Kenya1
  12. Lithuania1
By sectorCount
  1. Enterprise Software52
  2. Health49
  3. Food36
  4. Energy32
  5. Marketing17
  6. Robotics17
  7. Fintech16
  8. Education12
  9. Semiconductors12
  10. Media10
  11. Gaming9
  12. Jobs Recruitment9
By stage enteredCount
  1. Seed47
  2. Series A43
  3. Series B+20
By growth stageCount
  1. Early Growth167
  2. Breakout Stage77
  3. Late Growth15
  4. Mature6
05 · Portfolio market map

Inside Export and Investment Fund of Denmark’s portfolio.

The 60 highest-funded portfolio companies, of 110 tracked.

ADCendo
Health
$712M
Saildrone
Robotics
$500M
Podimo
Media
$429M
Atom Computing
Semiconductors
$400M
Orbex Space
Space
Monta
Energy
$352M
Iberdrola
Energy · Centicorn
$213B
Orbis Medicines
Health
$396M
GeoPura
Energy
$364M
Corti
Health
$240M
OnRobot
Robotics
$138M
Antag Therapeutics
Health
$352M
Lenus eHealth
Sports
$275M
Agreena
Food
$200M
KeepIt
Security
$200M
Bactolife
Health
$132M
eloomi
Education
$28M
BLAST
Gaming
$68M
Too Good To Go
Food
$124M
NIL Technology
Semiconductors
$275M
Blue World Technologies
Energy
$204M
Dawn Health
Health
$95M
Good Good
Food
$80M
Again
Chemicals
$172M
Synklino
Health
$131M
Freya Biosciences
Health
$190M
Draupnir
Health
$167M
Blackwood Seven
Marketing
$74M
Female Invest
Fintech
$92M
Evosep
Health
$160M
Sparrow Quantum
Semiconductors
$118M
Reform
Home Living
$110M
Dynelectro
Energy
$48M
Asetek
Hosting
$98M
NanGate
Semiconductors
$40M
Kvantify
Health
$55M
Nuevolution
Health
$167M
CathVision
Health
$71M
Hymite
Denmark
Capturi
Enterprise Software
$150M
Kontist
Fintech
$110M
Green Hydrogen Systems
Energy
$103M
Area9
Education
$120M
Visiopharm
Health
$59M
Eupry
Health
$100M
Reapplix
Health
$80M
Hoba Therapeutics
Health
$101M
Cerebriu
Health
$70M
HPNow
Food
$62M
Donkey Republic
Transportation
$18M
MATR Foods
Food
$88M
ONOMONDO
Telecom
$4.0M
Evodiabio
Food
$38M
Chromologics
Food
$31M
Kvasir Technologies
Energy
$44M
Lotus Microsystems
Energy
$31M
Fluxome
Health
$57M
Factbird
Enterprise Software
Embankment
Fintech
$66M
Performativ
Fintech
$56M
06 · Portfolio founders

Where Export and Investment Fund of Denmark’s portfolio founders come from.

183 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. Denmark153
  2. United States10
  3. Iceland6
  4. United Kingdom6
  5. Norway3
  6. Australia1
  7. Belgium1
  8. Germany1
  9. Kenya1
UniversityCount
  1. Technical University of Denmark32
  2. Copenhagen Business School28
  3. University of Copenhagen28
  4. Aarhus University22
  5. INSEAD Business School9
  6. Grenoble School of Management4
  7. IT University of Copenhagen4
  8. Niels Brock Copenhagen Business College4
  9. University of Southern Denmark4
  10. Danish School of Media and Journalism3
Previous companyCount
  1. Technical University of Denmark9
  2. McKinsey & Company7
  3. Airbnb5
  4. University of Copenhagen5
  5. Aarhus University4
  6. Danish Broadcast4
  7. Deloitte4
  8. Novo Nordisk4
  9. Novozymes4
  10. Copenhagen Business School3