Northcap

Northcap is a prominent venture capital firm based in Copenhagen, Denmark, established in 1999. The firm specializes in providing seed, early, and growth stage funding and strategic support to innovative ICT companies, with a particular focus on software businesses. While their primary geographic focus is the Nordic region, Northcap also actively invests in promising startups across the broader European landscape. Their investment thesis centers on identifying and nurturing companies poised for significant disruption and growth within sectors such as Software-as-a-Service (SaaS), FinTech, and the Internet of Things (IoT).

The firm typically targets companies in their seed and Series A funding rounds, aiming to be a foundational partner in their early development. Northcap's investment approach extends beyond capital provision, offering hands-on support and leveraging their extensive network to help portfolio companies scale. This includes strategic guidance on market entry, product development, and team building, reflecting a long-term commitment to their ventures' success.

Northcap manages several funds, with their most recent being Northcap III, a substantial fund with €100 million under management. This capital enables them to make meaningful initial investments and provide significant follow-on funding as companies mature. To date, Northcap has built a diverse portfolio, having invested in over 40 companies across various technology sub-sectors. Their initial cheque sizes typically range from €0.5 million to €3 million, with the capacity to invest up to €10 million per company through subsequent rounds, demonstrating their commitment to supporting portfolio companies through various growth stages.