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Scale Capital

Europe, Hovedstaden, Denmark, Copenhagen

Description

Scale Capital is a Copenhagen-based venture capital firm established in 2013, dedicated to investing in promising Nordic B2B technology startups. The firm primarily targets Seed and Series A stage companies, focusing on those with global ambitions and a clear path to expansion, particularly into the lucrative U.S. market. Their investment thesis centers on identifying innovative B2B solutions across various sectors, including SaaS, AI, Fintech, Healthtech, and Deeptech, that have demonstrated initial product-market fit within the Nordic region.

A key differentiator for Scale Capital is its hands-on approach to helping portfolio companies navigate the complexities of U.S. market entry and scaling. Beyond providing capital, the firm leverages its extensive network and operational expertise to offer strategic guidance, facilitate partnerships, and support fundraising efforts for its portfolio companies. Their typical initial investment ranges from €1 million to €4 million, which translates to approximately $1.08 million to $4.32 million, based on recent exchange rates.

Scale Capital seeks out founders who are ready to embrace international growth and benefit from a partner with deep insights into cross-border scaling. The firm has built a diverse portfolio, with notable investments in companies like Templafy and Dixa, both of which have achieved significant milestones, including successful exits or substantial follow-on funding rounds. Their commitment extends to providing ongoing support, ensuring that companies are well-equipped to compete and succeed on a global stage.

In essence, Scale Capital acts as a strategic bridge for Nordic B2B tech companies, providing not just the necessary financial backing but also the critical operational and strategic support required to accelerate growth and achieve market leadership in the highly competitive U.S. landscape. Their focused strategy and value-add approach aim to maximize the global potential of their portfolio companies.

Investor Profile

Scale Capital has backed more than 23 startups, with 4 new investments in the last 12 months alone. The firm has led 12 rounds, about 52% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Denmark, Sweden, Norway.
  • Strong thematic focus on Software, Financial Services, SaaS.
  • Led 3 rounds in the past year.
  • Typical check size: $1.1M – $4.3M.

Stage Focus

  • Seed (43%)
  • Series Unknown (35%)
  • Pre Seed (9%)
  • Series A (9%)
  • Convertible Note (4%)

Country Focus

  • Denmark (48%)
  • Sweden (13%)
  • Norway (13%)
  • United States (9%)
  • Finland (9%)
  • Germany (9%)

Industry Focus

  • Software
  • Financial Services
  • Saas
  • Information Technology
  • Artificial Intelligence (Ai)
  • Health Care
  • Fintech
  • Enterprise Resource Planning (Erp)
  • Collaboration
  • Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Scale Capital frequently co-invest with?

Vaekstfonden
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 2
Bonit Capital
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
Inbox Capital
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
L
North America, California, United States, Los Gatos
Co-Investments: 1
Hadean Ventures
Europe, Oslo, Norway, Oslo
Co-Investments: 2
Practica Capital
Europe, Vilniaus Apskritis, Lithuania, Vilnius
Co-Investments: 1
Commerce Ventures
North America, California, United States, San Francisco
Co-Investments: 1
Seed Capital
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 1
PSV
Europe, Hovedstaden, Denmark, Lyngby
Co-Investments: 1

Which angels does Scale Capital often collaborate with?

EG
Europe, Hovedstaden, Denmark, Virum
Shared Deals: 1
Christopher Beselin
Asia, Vietnam
Shared Deals: 1
FH
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
CF
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
AA
North America, California, United States, San Francisco
Shared Deals: 1
TA
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
JR
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1

What are some of recent deals done by Scale Capital?

All Gravy

Copenhagen, Hovedstaden, Denmark

All Gravy offers an employee engagement platform, focusing on onboarding, wellness, communication, and shift management.

Business DevelopmentEmployee BenefitsEnterprise Resource Planning (ERP)Financial ServicesFinTechProductivity Tools
SeedMar 28, 2025
Amount Raised: $2,827,630
Telescope

Oslo, Oslo, Norway

Telescope is a useful instrument for real estate sustainability risk management.

Web Development
SeedMar 5, 2025
Amount Raised: $3,915,190
Players 1st

Aarhus, Midtjylland, Denmark

Players 1st designs and offers Customer Experience Management solutions for golf clubs.

Enterprise Resource Planning (ERP)Management Consulting
Series UnknownSep 10, 2024
Amount Raised: $1,432,643
Collo

Tampere, Western Finland, Finland

Collo provides industrial areas with resolution liquid-particle mixture sensors that monitor and measure the digital fingerprint of liquids.

Industrial AutomationTest and Measurement
Series UnknownAug 13, 2024
Amount Raised: $5,468,826
7Analytics

Bergen, Hordaland, Norway

7Analytics is building a unique data platform for sustainable planning of the future.

Information ServicesInformation Technology
SeedMay 15, 2024
Amount Raised: $4,355,339
Meo

Copenhagen, Hovedstaden, Denmark

Meo is an end-to-end platform helping you with seamless onboarding, risk assessment and continuous due diligence of your clients.

BlockchainFinancial ServicesFinTechIdentity Management
Series UnknownMar 5, 2024
Amount Raised: $1,812,933
MeetingPackage

Espoo, Southern Finland, Finland

MeetingPackage is a Venue & Sales Management and a Booking Engine solution for Hotels & Event Venues. SaaS, PropTech, HotelTech, Marketplace

Business TravelEvent ManagementEventsHospitalityHotelMeeting SoftwareProperty ManagementPropTechSaaSTravel
Series AOct 2, 2023
Amount Raised: $4,600,000
Players 1st

Aarhus, Midtjylland, Denmark

Players 1st designs and offers Customer Experience Management solutions for golf clubs.

Enterprise Resource Planning (ERP)Management Consulting
Series UnknownSep 29, 2023
Amount Raised: $1,375,360
Molecular Quantum Solutions

Søborg, Hovedstaden, Denmark

MQS provides computational tools to accelerate research & development efforts by the pharma, biotech and chemical industry.

Chemical EngineeringDeveloper APIsQuantum ComputingSimulation
Pre SeedJun 27, 2023
Amount Raised: $657,453
Quantica

Berlin, Berlin, Germany

Quantica is an advanced manufacturing firm that gives users the ability to print functional materials for 2D and 3D applications.

3D Printing3D TechnologyManufacturing
Series AApr 12, 2023
Amount Raised: $15,396,357