Danish VC Seed Capital has announced a new fund for early-stage startups in Denmark. The first close, padded with pledges from Chr. Augustinus Fabrikker, Dansk Vækstkapital and Preben Damgaard, landed at €67 million, about half of the fund’s €135 million target.

Since getting started fifteen years ago, the Copenhagen-based firm has worked with over 300 startups (including Trustpilot, Vivino, Templafy, Lunar and Dixa) and watched the ecosystem evolve.

“The Danish tech startup scene has matured with many experienced and ambitious serial entrepreneurs,” says managing partner Ulla Brockenhuus-Schack. “We have fine-tuned our investment strategy accordingly and now focus entirely on strong entrepreneurs in the technology space based in Denmark, who have a proven product market fit and good commercial traction.”

The new fund, the team’s fourth, will follow that same strategy. The VC also announced that Peter Egehoved is joining the team as a general partner.

Photo: Seed Capital team

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