VF Venture

VF Venture is the direct investment vehicle of Vaekstfonden, which has since been rebranded as EIFO (Export and Investment Fund of Denmark). As a state-backed entity, EIFO's primary mandate through VF Venture is to stimulate growth, innovation, and job creation within the Danish economy by providing equity to promising enterprises. The fund plays a crucial role in the Danish venture ecosystem, often acting as a cornerstone investor or co-investor alongside private capital, thereby de-risking investments and attracting further private funding into innovative Danish companies.

The investment strategy of VF Venture, under the EIFO umbrella, is broad yet focused on sectors vital for Denmark's future. They target companies across various stages, from early-stage Seed rounds through Series A, Series B, and even later growth stages. Key investment areas include the Green Transition, Life Science, Technology, and Industry sectors, reflecting national priorities for sustainable development and technological advancement. This diverse approach allows them to support a wide spectrum of innovative businesses, from nascent startups to more mature, scaling enterprises.

VF Venture's financial commitment is substantial, designed to provide significant capital for growth. While the exact first check size can vary depending on the stage and specific needs of the company, EIFO typically participates in funding rounds ranging from DKK 10 million to DKK 100 million. This translates to approximately $1.45 million to $14.5 million, based on current exchange rates. Over the lifetime of a company, EIFO can invest up to DKK 100 million (approximately $14.5 million) per company, demonstrating a long-term commitment to its portfolio ventures. Their involvement often provides a stamp of credibility, helping portfolio companies attract subsequent rounds of private funding and achieve their scaling ambitions.