CAPNOVA

Capnova is a distinctive Danish investment and development company, operating as a state-owned venture fund with a primary mission to foster innovation and commercialize research from universities and public research institutions across Denmark. Established with a unique mandate, Capnova plays a crucial role in bridging the gap between groundbreaking academic discoveries and viable commercial enterprises. Its strategic focus is on early-stage companies, particularly those with high growth potential rooted in deep technology, life sciences, cleantech, and other knowledge-intensive sectors.

The firm's investment strategy is characterized by its hands-on approach, often providing not just capital but also extensive support in business development, strategic guidance, and network access. Capnova typically deploys first cheques ranging from DKK 0.5 million to DKK 15 million, which translates approximately to USD 72,000 to USD 2.16 million, respectively, based on current exchange rates. These initial investments are designed to help nascent companies validate their concepts, develop prototypes, and achieve critical early milestones. Capnova is also known for its willingness to participate in follow-on rounds, supporting its portfolio companies through subsequent growth stages.

Since its inception, Capnova has made a significant impact on the Danish innovation ecosystem, having invested in over 700 companies. This extensive portfolio underscores its commitment to nurturing a diverse range of startups across various industries. The fund manages substantial capital, with total funds under management exceeding DKK 1.5 billion, equivalent to approximately USD 216 million. This substantial financial backing, combined with its strategic support, positions Capnova as a cornerstone investor for promising Danish startups aiming to scale and compete globally, particularly those emerging from the country's robust research landscape.