SEED Capital is Denmark's largest venture capital fund within the seed segment, investing in Nordic-based technology companies. Founded in 2004 and based in Copenhagen, the firm backs founders from seed to Series A and beyond, with sector focus on SaaS, fintech, consumer, enterprise, and deep tech.
Deal activity increased 300% year-over-year (4 deals in the last 12 months). Their most common stage is seed (55% of deals). Average disclosed round size is $22.3M (across 29 rounds with reported amounts).
Portfolio
52
Fund Size
—
Top Stage
Seed
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
75 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Tonsser | Series A | — | Sep 2026 |
 Oplane | Seed | — | Jun 2026 |
| PPolychromix | Seed | $3M | Apr 2026 |
 Cernel | Seed | — | Feb 2026 |
| RRobbin | Seed | $8M | Jan 2026 |
 Understory | Series A | — | Sep 2025 |
 Flatpay | Series C | $170M | Jan 2025 |
 Nailie | Seed | — | Jul 2024 |
| Flatpay | Series B | $47M | Apr 2024 |
 Embankment | Seed | — | Jan 2024 |
 ALTERPACKS | Pre-Seed | $1M | Jan 2023 |
 Embla | Unknown | — | Jan 2023 |
 Talenthub | Seed | $5M | Jan 2022 |
 Dixa | Series C | $105M | Jul 2021 |
 Forecast | Series A | $19M | May 2021 |
 Veo | Series B | — | Jan 2021 |
 Rapid Robotics | Seed | $36.7M | Jan 2021 |
 ComplyCloud | Seed | — | Jan 2021 |
 Templafy | Series C | $25M | Apr 2020 |
 Modl.AI | Seed | $1.7M | Feb 2020 |
| Dixa | Series B | $36M | Feb 2020 |
 Rahko | Seed | — | Oct 2019 |
 Tattoodo | Seed | — | Jul 2019 |
 Trustpilot | Series E | — | Mar 2019 |
| Dixa | Series A | $14M | Feb 2019 |
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Top Co-Investors
SEEDS Capital13 shared
Balderton Capital6 shared
Wellington Management4 shared
Ventech3 shared
Chr. Augustinus Fabrikker3 shared
Elevate Ventures3 shared
Alven3 shared
PSV3 shared
Siemens AG3 shared
In-Q-Tel3 shared
Dawn Capital3 shared
Notion Capital3 shared
General Atlantic3 shared
General Catalyst3 shared
Project A3 shared
Smedvig Capital2 shared
Heartland Ventures2 shared
CyberAgent Capital2 shared
New Enterprise Associates2 shared
Index Ventures2 shared
Last updated: 20 October 2026