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 (47% of deals). Average disclosed round size is $8.1M (across 4 rounds with reported amounts).
Portfolio
14
Fund Size
$38M
Top Stage
Pre Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| CClock&Cloud | Pre-Seed | — | Jan 2025 |
 Eupry ApS | Series A | — | Jan 2024 |
 Skyfora | Unknown | — | — |
 Moxso | Seed | $5.5M | — |
 BeCause | Seed | $2M | — |
 Palette | 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 | — |
| Eupry ApS | Series A | $24M | — |
| PPentimenti | Pre-Seed | — | — |
| UUnioo | Unknown | — | — |
Top Co-Investors
private angel investors2 shared
Chr. Augustinus Fabrikker2 shared
EIFO2 shared
LUMO Labs1 shared
Eviny Ventures1 shared
Business Finland1 shared
SEED Capital1 shared
D2 Fund1 shared
Gaingels1 shared
Superangel1 shared
Acadian1 shared
Emblem1 shared
Icebreaker.vc1 shared
Last updated: 20 October 2026