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Saturday, October 8, 2022

Denmark’s consumer-focused VC Heartcore Capital raises $250M in new funds

Danish Heartcore Capital has announced they’ve raised $250M in new funds to continue to back consumer-focused companies in Europe. $200M is set to be invested in early stage companies ranging from pre-seed to series A, the other $50M is aimed at backing a few stand-out companies from the portfolio through their growth rounds.
The firm is no stranger to break-out companies, with 4 unicorns in its portfolio so far (GetYourGuide, Tink, Boozt and Neo4j)

“Particularly with the round sizes we’re seeing, when growth rounds come, it’s hard to keep investing and do our pro rata out of the main fund, which is why we’ve got this side fund.”

Yacine Ghalim, partner at Heartcore

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