Here’s some nice news for Danish entrepreneurs: SEED Capital has raised another €20 million for SEED Capital Denmark II, their fund focused on Danish investments. This brings the total investment fund to €91 million, which will allow them to invest in three to four additional companies in the next year, as well as provide more capital per investment. SEED Capital Denmark II was established in 2010 and has already invested in 10 companies.
The additional investment came from Dansk Vækstkapital, whose chairman Lars Nørby Johansen said, “We see SEED Capital as an integral part of the Danish eco-system for establishing and developing start-up companies, were SEED Capital contributes with commercial advice, capital and the relevant network. With this investment we secure, that the fund reaches an optimal size and thereby will be able to contribute even stronger to the growth of their portfolio”.
SEED capital focuses on Cleantech, Life Sciences, and IT. You can read more in their press release.