SEED Capital has managed to raise an additional 20 million € for SEED Capital Denmark II via an investment from Dansk Vækstkapital. The added funds will be used to invest in additional companies as well as increase the possible amount of capital to invest per company. The investment brings the fund to 91 million €.
SEED Capital Denmark II was established in 2010 with an initial fund size over 71 million € and has since then invested in 10 companies. The investment from Dansk Vækstkapital is 20 million € and will allow SEED Capital to invest in an additional 3-4 companies as well as invest more capital per company in the portfolio.
Lars Nørby Johansen, Chairman of Dansk Vækstkapital: "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".
Since starting up seven years ago SEED Capital has achieved increased success with their investment model, were a corporation with the innovation incubator DTU Symbion Innovation provides a pre-seed environment, were very early startups get the opportunity to prove their business before the venture fund invests. This setup has created companies like Endomondo and Amminex, who are both in the process of breaking significant international ground.
Ulla Brockenhuus-Schack, Managing Partner in SEED Capital: "As our investments continue to succeed and thereby attracts significant international investments, our need for providing additional funds per company increases as well. For this the investment from Dansk Vækstkapital has been ideal, in that it provides us with the opportunity to increase the number of companies in the fund and the amount we can invest per company".
About Dansk Vækstkapital
Dansk Vækstkapital is a private investment fund, who invests in small cap, mid cap, venture and mezzanine funds. Their capital comes from Danish pension funds where 3/4 is granted as a loan invested through Vækstfonden.