Ugly Duckling Ventures is a Copenhagen-based venture capital firm founded in 2021 that invests at the pre-seed and seed stages in Nordic B2B software and tech startups with proven revenue, focusing on Medtech, Resilience Tech, and Business Services software.
Their most common stage is pre-seed (50% of deals). Average disclosed round size is $10.2M (across 3 rounds with reported amounts).
Portfolio
14
Fund Size
$38M
Top Stage
Pre Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Portfolio
14 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| CClock&Cloud | Pre-Seed | — | Jan 2025 |
 Skyfora | Unknown | — | — |
 Moxso | Seed | $5.5M | — |
| EEupry ApS | Series A | — | — |
| PPalette | Pre-Seed | — | — |
| FFinancial News System | Pre-Seed | — | — |
| FFinancial News Systems | Pre-Seed | — | — |
| CCytely Ab | Unknown | — | — |
| FFNS | Pre-Seed | — | — |
| PP-Secure | Pre-Seed | — | — |
| JJuristic | Unknown | $1M | — |
| EEupry | Series A | $24M | — |
| PPentimenti | Pre-Seed | — | — |
| UUnioo | Unknown | — | — |
Top Co-Investors
Chr. Augustinus Fabrikker2 shared
EIFO2 shared
LUMO Labs1 shared
Eviny Ventures1 shared
Business Finland1 shared
SEED Capital1 shared
D2 Fund1 shared
Acadian1 shared
private angel investors1 shared
Emblem1 shared
Icebreaker.vc1 shared
Last updated: 14 September 2026