
Heartcore Capital
Description
Heartcore Capital is a prominent European venture capital firm headquartered in Copenhagen, Denmark, with additional presence in Paris and Berlin. Established as one of the region's pioneering early-stage investors, the firm focuses on backing ambitious founders building technology companies that aim to positively impact people's lives. Their investment philosophy centers on identifying consumer-facing businesses with strong potential for global scalability, often leveraging digital platforms to disrupt traditional industries or create new markets.
Primarily targeting Seed and Series A rounds, Heartcore Capital is known for its hands-on approach, providing not just capital but also strategic guidance and operational support to its portfolio companies. They are particularly active across the Nordic region, where they are recognized as a leading Seed investor, but their reach extends across the broader European landscape. Their typical initial investment ranges from approximately $1.08 million to $5.4 million, demonstrating a commitment to significant early-stage funding.
Over its history, Heartcore Capital has built a robust portfolio of successful companies, including notable names like GetYourGuide, Boozt, and Peakon (acquired by Workday). The firm has a strong track record of identifying and nurturing companies that achieve substantial growth and successful exits. To date, Heartcore Capital has raised over €600 million across seven funds, underscoring its long-term commitment and significant capital base for supporting European tech innovation.
Their latest fund, Heartcore Capital VII, closed at €150 million in 2022, further solidifying their capacity to invest in the next generation of European tech leaders. This continuous fundraising success allows them to maintain their position as a key player in the early-stage venture ecosystem, providing crucial capital and expertise to founders at critical junctures of their company's development. Heartcore Capital remains dedicated to fostering a diverse and impactful portfolio, driving technological advancements that resonate with consumers.
Investor Profile
Heartcore Capital has backed more than 205 startups, with 9 new investments in the last 12 months alone. The firm has led 57 rounds, about 28% of its total and boasts 23 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Germany, Denmark.
- Strong thematic focus on Software, Machine Learning, FinTech.
- Led 1 rounds in the past year.
- Typical check size: $1.1M – $5.4M.
Stage Focus
- Seed (32%)
- Series A (25%)
- Series B (15%)
- Series Unknown (13%)
- Pre Seed (7%)
- Series C (5%)
- Series D (2%)
Country Focus
- United States (18%)
- Germany (17%)
- Denmark (17%)
- United Kingdom (15%)
- Sweden (11%)
- Spain (7%)
- France (6%)
- Finland (4%)
- Switzerland (1%)
- United Arab Emirates (1%)
Industry Focus
- Software
- Machine Learning
- Fintech
- Saas
- Artificial Intelligence (Ai)
- Analytics
- Health Care
- E-commerce
- Gaming
- Financial Services
Frequently Asked Questions
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