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Investor profile

Heartcore Capital

Venture Capital · Founded 2007 · Copenhagen, Denmark

Copenhagen-based VC with more than EUR500 million under management, focused on early-stage Tech and Life Sciences companies.

128 portfolio companies Venture Capital · $4.3B invested · 244 investments · Investor rank #685 · Last investment 5/2026
Portfolio companies 128 ↑ 29% 5y
Decacorns 0
Thoroughbreds 9
Estimated holdings

Heartcore Capital’s biggest current holdings.

An estimate of Heartcore Capital’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 1 companies where Heartcore Capital is a named shareholder, worth about $44M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Neo4jEnterprise Software · Unicorn 2% $2.2B $44M

Estimated value = Heartcore Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Heartcore Capital also appears inside investor groups in BLAST, GetYourGuide, Perk, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Exits

Heartcore Capital’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 Heartcore Capital’s transaction record.

$2.0B acquisition · 2021
Entered Series AFintech
$546M IPO · 2017
Entered Series ANow $1.6BHealth
$372M IPO · 2017
Entered Series ANow $1.2BFashion
Portfolio analysis

Where Heartcore Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 128 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Denmark26
  2. Germany19
  3. UK17
  4. USA17
  5. France13
  6. Sweden13
  7. Finland7
  8. Spain6
  9. Switzerland3
  10. Cayman Islands1
  11. China1
  12. Ireland1
By sectorCount
  1. Health27
  2. Enterprise Software23
  3. Fintech17
  4. Gaming9
  5. Media8
  6. Food7
  7. Travel7
  8. Fashion5
  9. Jobs Recruitment5
  10. Marketing5
  11. Semiconductors5
  12. Transportation5
By stage enteredCount
  1. Seed66
  2. Series A48
  3. Series B+12
By growth stageCount
  1. Early Growth53
  2. Breakout Stage52
  3. Late Growth23
Portfolio market map

Inside Heartcore Capital’s portfolio.

The 60 highest-funded portfolio companies, of 128 tracked.

GetYourGuide
Travel · Unicorn
$2.0B
Perk
Travel · Unicorn
$2.7B
Neo4j
Enterprise Software · Unicorn
$2.2B
FINN
Transportation · Unicorn
$1.1B
F2G
Health
$500M
Tink
Fintech · Unicorn
$2.0B
JenaValve Technology
Health
$400M
Tink
Home Living
$176M
ZOLAR
Energy
$440M
Podimo
Media
$429M
Orbex Space
Space
Minervax
Health
$238M
Zealand Pharma
Health · Unicorn
$1.6B
Fora
Travel · Unicorn
$1.0B
Kaia Health
Health
$285M
Templafy
Enterprise Software
$240M
Syntiant
Semiconductors
$220M
Natural Cycles
Health
$220M
MAJORITY
Fintech
$150M
Corti
Health
$240M
Opsona
Health
$182M
Exporo
Fintech
$88M
OxThera
Health
$141M
BLAST
Gaming
$68M
Peakon
Jobs Recruitment
$700M
Prezi
Media
$300M
La Fourche
Food
$139M
Qlub
Fintech
$120M
Egalet
Health
$40M
Roadsurfer
Travel
$132M
FlatFrog Laboratories
Semiconductors
$27M
Orphazyme
Health
$1.9M
Gourmey
Food
$192M
Kontakt.io
Semiconductors
$190M
Zefir
Real Estate
$110M
HeyJobs
Jobs Recruitment
$154M
Issuu
Media
$124M
Taster
Food
$185M
Anergis
Health
$20M
Blackwood Seven
Marketing
$74M
Voyfai
Transportation
$110M
IXI
Health
$132M
Aire
Fintech
$44M
Asetek
Hosting
$98M
NanGate
Semiconductors
$40M
CrateDB
Enterprise Software
$56M
Seriously
Gaming
$92M
CloudMade
Enterprise Software
$31M
Kenbi
Health
$103M
Boozt
Fashion · Unicorn
$1.2B
Formel Skin
Health
$132M
Nuevolution
Health
$167M
Rigontec
Health
$510M
FlexAI
Hosting
$120M
Ukio
Real Estate
$75M
Kaisa
Marketing
$42M
Forecast
Enterprise Software
$76M
Lovys
Fintech
$80M
Weezy
Food
$80M
Dubsmash
Media
$40M
Portfolio founders

Where Heartcore Capital’s portfolio founders come from.

180 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. Denmark35
  2. Germany30
  3. United States22
  4. United Kingdom19
  5. France18
  6. Sweden13
  7. Finland11
  8. Switzerland7
  9. Spain6
  10. Hungary3
UniversityCount
  1. Copenhagen Business School11
  2. University of Copenhagen11
  3. University of Oxford7
  4. ETH Zurich6
  5. London School of Economics and Political Science5
  6. Lund University5
  7. Technical University Munich5
  8. Harvard Business School4
  9. Harvard University4
  10. HEC Paris4
Previous companyCount
  1. Boston Consulting Group7
  2. McKinsey & Company6
  3. IBM4
  4. L'Oreal4
  5. Bain & Company3
  6. Forto3
  7. French National Centre for Scientific Research - CNRS3
  8. Klarna3
  9. Siemens3
  10. Tele23
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.