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Seed Capital

Venture Capital · Founded 2005 · Copenhagen, Denmark

#3 Investor Ranking 2026 Top 1% in Nordics

Seed Capital is Denmark's largest venture capital fund within the seed segment investing in technology companies

114 Portfolio companies+18% in 5 years
4 Unicorns
179 Investments
Jun 2026 Last investment
02 · Biggest holdings

Seed Capital’s biggest current holdings.

The most valuable companies Seed Capital still holds, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Dealroom has no parsed shareholder register for Seed Capital, so the size of each stake isn’t shown.

#CompanyValuation
  1. 1 LunarUnicorn · Fintech · Denmark $2.4B
  2. 2 FlatpayUnicorn · Fintech · Denmark $1.8B

Unicorns and thoroughbreds Seed Capital has backed and still holds, at Dealroom’s latest valuation. Seed Capital also appears inside investor groups in Calm Health, Clara, ClickUp, CoinSwitch, Collibra, Course Hero, Diamond Foundry, Eightfold and 4 more, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

03 · Portfolio analysis

Where Seed Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 114 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Denmark103
  2. USA7
  3. UK5
  4. Sweden3
  5. Australia1
  6. Iceland1
  7. Switzerland1
By sectorCount
  1. Enterprise Software30
  2. Health25
  3. Fintech19
  4. Marketing11
  5. Media11
  6. Food7
  7. Security7
  8. Energy5
  9. Jobs Recruitment5
  10. Legal5
  11. Semiconductors5
  12. Sports5
By stage enteredCount
  1. Seed80
  2. Series A25
  3. Series B+2
By growth stageCount
  1. Early Growth85
  2. Breakout Stage27
  3. Late Growth9
04 · Portfolio market map

Inside Seed Capital’s portfolio.

The 60 highest-funded portfolio companies, of 114 tracked.

Lunar
Fintech · Unicorn
$2.4B
Galecto | Damora Therapeutics
Health · Unicorn
$1.9B
Flatpay
Fintech · Unicorn
$1.8B
Vivino
Food
$700M
Trustpilot
Media · Unicorn
$1.5B
Dixa
Marketing
$420M
Templafy
Enterprise Software
$240M
Veo
Sports
$323M
eloomi
Education
$28M
Pento
Fintech
$40M
Blackwood Seven
Marketing
$74M
Amminex
Energy
$110M
NanGate
Semiconductors
$40M
Cardlay
Fintech
$50M
Reapplix
Health
$80M
Forecast
Enterprise Software
$76M
Tattoodo
Media
$21M
Embankment
Fintech
$66M
Activity Stream
Event Tech
$54M
Understory
Travel
$56M
GoMore
Transportation
$35M
Landfolk
Travel
$45M
Superb
Food
$53M
Embla
Health
$44M
Airtame
Media
$30M
OrderYoyo
Food
$134M
Penni.io
Fintech
$23M
Monthio
Fintech
$50M
Abzu
Health
$7.9M
Plytix
Enterprise Software
$35M
Tonsser
Sports
$24M
Hedia
Health
$13M
Acarix
Health
$26M
Teklatech
Semiconductors
$29M
Risika
Fintech
$28M
Coinify
Fintech
$84M
Pluto Markets
Fintech
$24M
Endomondo
Health
$85M
Bookingabus.com
Travel
$32M
Blackbird Coffee
Food
$24M
Sepior
Security
$10M
Tailify
Marketing
$20M
Moxso
Security
$21M
Motosumo
Sports
$24M
Good Monday
Enterprise Software
$16M
Talenthub
Jobs Recruitment
$20M
Bownty
Telecom
$17M
Meo
Legal
$7.3M
Oplane
Security
$21M
Cernel
Marketing
$18M
ComplyCloud
Legal
$20M
Certainly
Enterprise Software
$18M
Nordic Power Convertors
Energy
$3.6M
Norlix
Fintech
$18M
EIVEE
Enterprise Software
$18M
Forside
Legal
LENEO
Fintech
Swiftcourt
Legal
$8.8M
Legal Desk
Legal
$13M
Spektral
Media
$30M
05 · Portfolio founders

Where Seed Capital’s portfolio founders come from.

166 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. Denmark139
  2. United Kingdom7
  3. Sweden3
  4. United States3
  5. India2
  6. Switzerland2
  7. Belgium1
  8. Iceland1
  9. Ireland1
  10. Mexico1
UniversityCount
  1. Copenhagen Business School39
  2. University of Copenhagen30
  3. Aarhus University20
  4. Aalborg University10
  5. Technical University of Denmark9
  6. University of Southern Denmark8
  7. IT University of Copenhagen6
  8. Bayes Business School3
  9. INSEAD Business School3
  10. Lund University3
Previous companyCount
  1. University of Copenhagen10
  2. Danske Bank6
  3. TDC6
  4. Airbnb5
  5. Danish Broadcast5
  6. Aarhus University4
  7. Berlingske Media4
  8. IBM4
  9. Novo Nordisk4
  10. Copenhagen Business School3