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Acorn

Training solutions for endurance sports athletes

www.acornprojects.dkCristiano Cairo (CMO), Lars Møller (CTO)
Technology: 

Acorn is developing stylish GPS watches build on an open platform with integrated downloadable services. 

Value Proposition: 

Current GPS watch offers are limited and clunky and run on generic proprietary platforms in closed ecosystems.

At the same time on-line communities are growing at a fast pace and the most popular ones, like Endomondo, SportsTracker and TrainingPeaks, can count a consumer base of several millions.

Acorn delivers a complete training solution for the modern endurance sports athletes and amateurs. Through a  range of small, full featured, elegantly designed sports watches that are easy to operate, Acorn will deliver a personalized training experience. 

Portfolio Manager: 

admaze.ly

Ad retargeting

Technology: 

Admzaly has developed an ad retargeting platform (ads targeted at people who have already visited a company's website) that is easy to use and requires no integration with the online retailer’s infrastructure. The technology analyzes the online retailer’s website and suggests relevant ads which the marketing responsible can then edit before activating and then manage much like Google Adwords.

Value Proposition: 

Online retail is booming and therefore online marketing is as well. However online retailers are faced with the issue that only 2% of visitors actually make a purchase. Marketing via retargeting is an efficient way of regaining ‘lost’ customers but current systems are expensive, complex and cumbersome, making them only relevant for very large online retailers.  

Admazely offers a simple system for all SME online retailers, that is both easy to set up and manage.

Portfolio Manager: 

BluePrinter

Printing in 3D

Technology: 

As a common (2D) printer prints on paper a Blueprinter 'prints' 3-dimensional objects based on 3D CAD computer models.

Value Proposition: 

Blueprinter creates an easy-to-use and robust office machine that prints precise high quality models with no post processing requirements. Their offering is highly competitive compared to existing solutions.

Portfolio Manager: 

Bownty

Deal aggregator

www.bownty.comSteffen W. Frølund
Technology: 

Bownty is an aggregator of deals - meaning offers limited in time or numbers. They gather and sort deals from more than 100 european dealsites, which are then passed on to consumers via bownty.com and partnership sites.

Value Proposition: 

The number of dealsites has exploded over the last period making it virtually impossible for the user to maintain an overview. The consequence being that users risk missing out on the best or most relevant deals. Bownty is the answer to this concern. With Bownty users get an overview of all deals and the possibility to receive only a specific  number of deals.

Portfolio Manager: 

3Dfacto

Visual configurations software

www.3dfacto.com Thomas Randrup (CEO), Ulrik Jørring (COB)
Technology: 

3Dfacto has developed a web-based application platform for visual configuration of complex products and systems - VirtuBUILD™. The solution converges logic configuration and geometric configuration into a single application platform, which can be integrated with both third party CAD packages and back office systems.

Value Proposition: 

3Dfacto helps companies optimize and manage their quotation processes efficiently from client need assessment to manufacturing by providing a solution that delivers a state-of-the-art user interface including real-time three-dimensional viewing and manipulation of the solution during configuration. The solution will help lower quotation lead-time from weeks to minutes, while saving on quotation management resources and eliminating manual errors.3Dfacto cooperates with more than 10 major companies in the manufacturing industry including ABB and Danfoss.

Portfolio Manager: 

CNG Processing

Secure web payment processing

www.cngpro.com Gert Poulsen (CEO)
Technology: 

CNG Pro has developed a system for online payments with advanced anti fraud detection. The CNG solution is certified by VISA and MasterCard to the highest level of security standards for payment system providers. Furthermore CNG Processing has a license from the Danish Financial Authorities to run e-wallet and issue electronic money on the Internet.

Value Proposition: 

Companies pursuing online sale all meet the same demands of secure automated handling of credit cards. CNG Processing handles payment processing by integrating, reporting and managing the different payment methods from all kinds of sales channels, different credit cards types and multi-currency payments in real-time, through one single technical solution in a complete secure environment.One of the main challenges in money transactions on the Internet is fraud. Services from CNG Pro include Risk Management, Credit Scoring and Address Checking, helping the merchants reduce risk.At this stage CNG have more than 20 customers, have monthly processing of 20 million € and are able to handle more than 150 international credit cards.

Portfolio Manager: 

Codesealer

Web banking protection services

www.codesealer.comNikolaj Højer Nieslen (CEO)
Technology: 

Codesealer has developed a patented sealed code technology, which makes it practically impossible for cybercriminals to operate. The technology pushes out a unique and frequently changing java-applet to the user upon login making the window of opportunity for the trespasser extremely narrow.

Value Proposition: 

The banking industry loses 1 billion $ every year to cyber criminality despite spending more than 7 billion $ attempting to prevent it. Codesealer help banks to reduce losses from cybercriminals with at least 50%. Additionally Codesealer is implemented in the bank's infrastructure and is therefore invisible for the user.

Portfolio Manager: 

Endomondo

Social sportstracking community

www.endomondo.com Christian Bernitt Birk, Henrik Kølle (CoB)
Technology: 

Endomondo provides an online service for tracking, monitoring and coaching your physical activities such as running, biking, walking, skiing etc. It further provides an online community for sharing results and challenging friends as well as a mobile app that can track results real-time using the built-in GPS as well as coach the user with lap times and music. The app is available on all major mobile platforms.

Value Proposition: 

It is always more motivating and fun to do sports if you can track your progress and if you can do it with others to support, coach and challenge you. By providing a platform for tracking activities as well as sharing and challenging friends Endomondo help users stay motivated towards physical activities. Something of great focus in most western countries.More than 5 million people have downloaded the mobile application, which was voted best mobile app in Denmark 2010.

Additional Information: 

Co-investors: Several Business Angels

Portfolio Manager: 

Firmafon

Telephony solution for small and medium sized enterprises

www.firmafon.dkPeter Engelbrecht (CEO), Niklas Stephenson (CTO)
Technology: 

Firmafon provides a telephony solution for small and medium sized enterprises. The solution works as a web-based switchboard (virtual PBX) integrated with a mobile virtual network operator (MVNO) and is executed as a simple and intuitive web based user interface (SaaS).

Value Proposition: 

Firmafon's solution provides smaller sized enterprises with telephony features that would normally only be available for larger companies. The solution is very price competitive and very user friendly.

Portfolio Manager: 

Shopbox

Deal platform for malls and chains

www.shopbox.comChristian Zigler (CEO)
Technology: 

Shopbox has developed a social dealer platform for malls and retailers. The platform allows malls/retailers to upload and push time restricted (daily/weekly) offers through their digital channels (own website, facebook, mobile apps and emails). Customers receives offers and are encouraged to pay for the products up front for which they receive a code/electronic voucher allowing them to pick up the product in the physical store.

Value Proposition: 

Social commerce has in the last year seen a huge breakthrough with in particular smaller retailers who offer a limited amount of products (take-away, wellness, dinners) at a significant discount. The concept is designed to showcase the retailer, who also gets an opportunity to build a more recurring relationship with the customer, generate store traffic and boost revenue massively.

When it comes to high volume sellers like malls and retail chains social commerce in its original form is not sufficient due to its inhibited planning horizon and costly price structure. However with Shobox the mall/chain acquires their own social dealer platform that they can manage themselves. The benefits are several since it allows them to promote new products, sell excess inventory, excite with deal scarcity, incentivize group buying and drive off peak traffic - as frequent as they wish and with a geographical focus adapted to the needs of the specific chain/mall.

Portfolio Manager: 

Junefield

Online cash gaming

www.arena.sk-gaming.netwww.begosu.comHans Næsholm (CEO), Kasper Otero Pedersen (CoB)
Technology: 

Junefield has created a platform for cash gaming in online skill-based action games like Counterstrike and Trackmania. The technology overlays the game and uses real-time game information to handle the cash flow.

Value Proposition: 

There are more than 400 million online gamers worldwide. Junefield offers gamers an opportunity to play the games with the added feature of cash gaming based on e.g. kills/frags. Junefield keeps a rake on all transactions.

Portfolio Manager: 

Libratone

Wireless speakers

www.libratone.comTommy Andersen (CEO), Steen Halbye (CoB)
Technology: 

Libratone designs and develops wireless loudspeakers that stream music and audio wirelessly in excellent quality from which ever unit contains the user's music library (e.g. Apple iPod/iPhone/iPad, Mac or PC). Libratone speakers bring back the notion of high quality audio to the world of portable devices and adapt the audio experience to the way consumers live today.

Value Proposition: 

Libratone provides a user-friendly wireless solution with great sound quality and strong appeal to design oriented buyers. Mixing different areas of expertise, from audio technology to design, Libratone aims to bring out the best of Scandinavian design and acoustic performance.

Portfolio Manager: 

Machine Performance Net

Maintenance Optimization

Technology: 

MachinePerformanceNet provides maintenance optimization for smaller and medium size assets. The solution incorporates hardware and software supporting operation efficiency and proposes maintenance initiatives.

Value Proposition: 

Rotating machinery is used in vast numbers all over the world (production plants, ships, energy, etc.) and is in many cases critical for the operation of the total production. Down time caused by failures or maintenance often means down time for production and loss of business. The MachinePerformanceNet solution offers to enhance the time between failures significantly while also being both affordable and easy to use and install.

Portfolio Manager: 

Nangate

Software for chip design

www.nangate.com Ole Christian Andersen (CEO)
Technology: 

Nangate has developed a tool suite of Electronic Design Automation (EDA) software solutions, which increases the efficiency of digital Integrated Circuits (IC) to levels previously only achievable with extensive manual efforts and very large design teams.

Value Proposition: 

Nangate's tools enable custom tailoring of digital cell libraries to meet specific design targets. Cell libraries can be optimized for design goals such as power consumption, die area, operating frequency or required yield. The result: Improvements in IC performance can be achieved at much lower cost and with considerably less effort than using full-custom design methods. 

Additional Information: 

Co-investors: Sunstone Capital, Northcap Partners

Portfolio Manager: 

Napatech

Network adapters

www.napatech.com Henrik Brill Jensen (CEO), Olav Stokke (CoB)
Technology: 

Napatech develops and markets advanced programmable network adapters for network traffic analysis and application off-loading. Use of FPGA technology and easy-to-use software driver interfaces allows for fast integration and an excellent migration path to Ethernet connections speeds.

Value Proposition: 

With increases in network traffic and Ethernet connectivity speeds, the capabilities of standard network monitoring systems have difficulty providing accurate and reliable measurement and analysis solutions. Napatech offers the technology that delivers hardware acceleration and server off-load increasing the OEMs' ability to maintain their competitive advantage. Napatech has customers worldwide and offices in Denmark and USA.

Additional Information: 

Co-Investors: Northzone Ventures, Ferd Venture

Portfolio Manager: 

Roozz

‘Software to cloud’ conversion

www.roozz.com Thomas Jam Pedersen (CEO)
Technology: 

Roozz.com has developed a technology that can convert the vast majority of existing software applications and PC games to run directly in the browser without getting access to source code.

Value Proposition: 

The global market for software is experiencing a disruptive change from packaged software towards cloud based software (software available via the web). This leaves a vast catalogue of already released software almost obsolete. Roozz offers to convert the stand-alone software application to a cloud-based solution in a quick and seamless fashion and to charge for the use of the software in a variety of ways on behalf of the software owner.More than 100 applications have already been Roozzified.

Portfolio Manager: 

Sproom

Business network for electronic document exchange (EDI)

www.sproom.dk Steen Haustrup (CEO)
Technology: 

Sproom is a business network, bringing together electronic structured exchange (EDI) of orders, invoices, notices, etc. between buyers and suppliers. The technology brings together the many different national and international carrier networks into one large network and is in contrast to other solutions able to 'translate' an invoice, depending on the recipient's specific requirements.

Value Proposition: 

EDI has for a while been solely for large organizations, since purchasing the solutions are both expensive and complex. For small and medium enterprises the potential savings in time and money do not match the costs, and therefore EDI solutions only reach approx. 20% of their customer's supplier-network. Customers do not get full value of their investment because they cannot switch exclusively to digital processes - and the operators have only half the potential traffic. Sproom makes EDI available to all types of businesses by establishing an exchange platform that binds a global business network together, removing barriers for sending and receiving business data electronically. It gives small businesses access to a fully digitized EDI system with improved cash flow management and traceability to follow and provides larger organizations with full value for their dearly purchased EDI solutions, which now cover all their partners.

Additional Information: 

Co-investors: Accelerace Invest

Portfolio Manager: 

StoryPlanet

Interactive multimedia storytelling

Technology: 

StoryPlanet is a platform that is able to support practically any kind of interactive story and work across channels (mobile, desktop and cloud). The platform allows the user to specify how multimedia content such as photos and video along with story apps, themes and effects should behave in a story. The platform is device agnostic and requires no programming skills to use.

Value Proposition: 

The market for storytelling is enormous considering the amount of linear single-media content generated online at sites like YouTube, Flickr and Blogger. However current tools for interactive multimedia storytelling requires users to obtain or buy significant programming skills. StoryPlanet offers a free platform that allows non-technical users to produce and share stories.

Additional Information: 

Co-investors: Various Business Angels

Portfolio Manager: 

Syncrowd

Online crowd-sourcing database

Technology: 

Syncrowd is a web-based tool utilizing a network of consumers and a mobile technology platform to provide real-time and instant consumer insight. Via the site www.iconzoomer.com consumers are invited to share pictures of specific customer-requested events in exchange for points, which can be exchanged for money. Via an online dashboard customers are able to create consumer assignments, filter responses and compare insight.

Value Proposition: 

By utilizing a visual connection to the consumer, Syncrowd provides a cost-effective consumer research, allowing customers to reach their target group easily wherever they are, and whatever they are doing. The solution is ideal for companies working with challenges like product design, innovation projects, service improvement, market segmentation or market positioning.

Portfolio Manager: 

Trustpilot

Online reputation management

www.trustpilot.dk Peter Holten Mühlmann (CEO)
Technology: 

Trustpilot is a web portal where consumers rank companies based on their customer service. Besides ratings done via www.trustpilot.com rankings of companies is gathered through information from governmental sources, consumer organizations, media coverage and all ratings and customer reviews on shopping portals, price comparison sites, blog discussions etc.

Value Proposition: 

The Trustpilot service facilitates the trust building process between vendor and consumer, which creates a more comfortable environment for consumers to shop in. Trustpilot offers vendors a partnership package which they can use to actively work with Trustpilot as part of their website and sales cycle.

Portfolio Manager: 

Vivino

Wine app

www.vivino.comHeini Zachariassen (CEO)
Technology: 

Vivino is a mobile app which can recognize wine labels via image recognition among the hundreds of thousands of existing wines on the market. It provides an easy and fun way of rating and storing wine experiences – and sharing these with friends.

Value Proposition: 

Most wine consumers have found themselves at a dinner party or in a restaurant drinking a wine that they really like - and would like to buy for future consumption, but rarely has this resulted in an actual purchase. This is partly due to a very fragmented market with a huge number of producers and a very large number of importers, distributors and vendors.

Vivino bridges the gap between tasting a great wine and buying it - when the impulse to buy is strongest.

Portfolio Manager: 

watAgame

Social network gaming

www.gosupermodel.comwww.watagame.comHenrik Riis (CEO), Kevin Earle Comolli (CoB)
Technology: 

watAgame produces, publishes and operates the social network game goSupermodel - a fashion themed game that allows its users to style their own model character. Characters can interact with their peers in the virtual fashion community, attend photo-shoots, dance competitions, design their own clothing lines and make new friends. WatAgame uses moderators and a sophisticated safety software system to ensure a safe and wholesome experience for the users.

Value Proposition: 

goSupermodel is aimed at 10-16 year old girls and the key focus is personal expression, creativity and imagination. By earning (playing) or purchasing points the girls can add features, clothes, etc to their online avatar. Additionally watAgame's revenue is based on advertising.5 million unique visitors visit goSupermodel every month from 8 different countries.

Additional Information: 

Co-investors: Vækstfonden, Accel Partners

Portfolio Manager: 

Life Science

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Acarix

Diagnostics of artery constrictions

www.acarix.com Peter Samuelsen (CEO)
Technology: 

Acarix is developing a product, which, by listening to the passage of blood through the arteries surrounding the heart will give an indication of whether a patient has stenosis, which can lead to a heart attack. The product is an advanced microphone attached to the patient's chest that within three minutes is able to assess whether the blood passage through the arteries is so turbulent that there is a need to investigate further.

Value Proposition: 

In the western world heart attacks is the most common cause of death, and for a quarter of incidents this happens entirely without warning. Acarix will save lives by - as part of the general practitioners investigation - discovering which patients need further examinations. In addition, every second of the current used costly cardiac examinations shows that the patient does not require treatment. Acarix will spare patients of being subjected to unnecessary invasive radiological studies and will also help health practitioners target when to use the more extensive examinations.

Additional Information: 

Co-Investors: Coloplast, Seventure, Sunstone Capital

Portfolio Manager: 

Acesion Pharma

Treatment of atrial fibrillation

www.acesionpharma.comUlrik S. Sørensen (CEO), Morten Grunnet (CSO)
Technology: 

Acesion Pharma is developing more efficacious and safer dugs for the treatment of atrial fibrillation (AF). The scientific target is the so-called SK channels, an ion channel which is also present in the heart where it is relevant for the regulation of the cardiac rhythm. Acesion Pharma have shown that inhibition of SK channels both protects against induction of AF and reverts sustained AF with efficacy comparable to the gold standard amiodarone.

Value Proposition: 

Atrial fibrillation (AF) is the most common type of cardiac arrhythmia and it mainly affects the elderly population. AF often causes an pronounced decrease in quality of life and furthermore increases the risk of stroke. Existing drug therapies only have a limited effect and produces risks of serious adverse events. Therefore, there is a considerable need for developing better and safer drugs. Inhibition of SK channels constitute a novel and promising drug target for the treatment of AF, and Acesion Pharma aims to develop a first-in-class SK inhibitor for the acute cardioversion of AF.

Additional Information: 

Co-Investors: Novo Seeds

Portfolio Manager: 

Alkalon

Medicinal Chewing Gum

www.alkalon.com Bo Tandrup (CEO), Pal Helmich (COB)
Technology: 

Alkalon is engaged in formulation development and supply of over-the-counter medicinal products. The company's primary focus is a portfolio of new, improved nicotine gum formulations, with a crunchy coating and the same release of nicotine as reference product Nicorette®.

Value Proposition: 

Alkalon operates in the middle of the pharmaceutical value chain offering contract development of finished product formulations. They are able to provide pharmaceutical companies with nicotine gum in various flavours via a reliable supply chain with high production capacity and competitive prices. Alkalon is interested in strategic partnerships and supply agreements with well-known pharmaceutical companies in Europe and elsewhere.

Aros Pharma

Irritable Bowel Syndrome pain treatment

Technology: 

Aros Pharma is developing a new effective therapy reducing the pain associated with Irritable Bowel Syndrome (IBS). The company has acquired all rights to a new chemical entity that can negatively modulate the activity of acid sensors in the gastrointestinal tract. These acid sensors are believed to play a central role in pain associated with IBS.

Value Proposition: 

Although not life threatening, IBS can seriously impair overall quality of life, and as a result it is one of the most common reasons for visits to primary care physicians and gastroenterologists.

Additional Information: 

Co-investors: Novo Seeds

Portfolio Manager: 

Asante

Disposable drug delivery system

www.asantesolutions.comDavid Thrower (CEO), Pete McNerney (Chairman)
Technology: 

Asante Solutions Inc. (former M2 Medical) has developed a small, disposable insulin pump.

Value Proposition: 

The pump is targeted towards T1 diabetics. It is easy to use, affordable and reliable and it has very strong appeal to patients.Asante received 510K regulatory approvals in USA and expect a commercial launch in 2012.

Additional Information: 

Co-investors: Sunstone Capital, Novo Ventures, Denovo Ventures, LFI Life Science Investments and Thomas, McNerney & Partners

Portfolio Manager: 

Concit Pharma

Drugs for removing movement disorders

www.concitpharma.com Sissel Vorstrup (COB), John Bondo Hansen (CEO), Mikael Thomsen (CSO)
Technology: 

Concit Pharma develops new drugs by combining safe and well-documented substances in a unique way.

Value Proposition: 

Parkinson's disease and Schizophrenia are today treated with drugs that - to some extent - are able to eliminate the disease symptoms, but in turn result in highly annoying involuntary movements. These adverse effects, for which there is no good treatment, significantly reduce quality of life and can be so massive that the diseases cannot be optimally treated. Concit Pharma drugs will ameliorate movement disorders including those associated with treatment of Parkinson’s disease and Schizophrenia.

Portfolio Manager: 

Conrig Pharma

Treatment of atopical dermatitis

www.conrigpharma.com Sissel Vorstrup (COB), John Bondo Hansen (CEO), Mikael Thomsen (CSO)
Technology: 

Conrig Pharma will reposition drug molecules with attractive safety and efficacy profiles through simple modifications and reformulations to provide fast development of new treatments of illnesses. Initial focus will be on a development of a new drug for oral treatment of atopic dermatitis (a type of eczema).

Value Proposition: 

Current oral treatments of atopic dermatitis are inefficient and there is little innovation towards new treatments. Conrig Pharma aim to develop a new safe and effective agent for this growing market.

Portfolio Manager: 

CytoTrack

Fluorescence cell detection

www.cytotrack.dk Tom Hede Markussen (CEO)
Technology: 

CytoTrack has developed a patented scanning technology for Rare Cell Detection. The technological concept is to prepare a sample by fluorescence marking and apply it to a CytoTrack disc, which is then scanned. The scanning is a stepwise narrowing procedure, limiting the target cell population by using different fluorescent colours and scanning speeds/details.

Value Proposition: 

The market for fluorescence cell detection has high potential, with an annual growth of 15% and CytoTrack's inclination is to interact with major diagnostics companies to bring in this potential. CytoTrack is able to deliver results within thirty minutes. Previously processing times required up to several days.CytoTrack has engaged in selected collaborations with highly international cancer centres the resource-efficient solution will improve cancer therapy.

Portfolio Manager: 

EpiTherapeutics

Cancer treatment in the field of epigenetics

www.epitherapeutics.dk Martin Bonde (CEO), Peter Høngaard Andersen (CoB)
Technology: 

EpiTherapeutics is developing novel innovative cancer drugs based on the world leading research in epigenetics conducted by Professor Kristian Helin and his group at Biotech Research & Innovation Centre (BRIC) at University of Copenhagen.Epitherapeutics is currently building a strong IPR platform based on proprietary knowledge within histone demethylases and methyltransferases and via in-house drug discovery efforts to identify small molecule inhibitors of key enzymes within the family targeting unmet medical needs.

Value Proposition: 

The development of so-called epigenetic drugs is regarded as an important point of intervention for the treatment of cancer. The scientific discoveries of EpiTherapeutics have potential applications in a wide range of clinical indications, but the company's initial focus will be on prostate cancer.

Additional Information: 

Co-investors: Novo, The Lundbeck Foundation, OSI Pharmaceuticals, Merck Serono Ventures 

Portfolio Manager: 

Evolva

Drug candidates based on natural products

www.evolvabio.comNeil Goldsmith (CEO), Prof. Dr. Erich Schlick (CoB)
Technology: 

Evolva develops novel genetic pathways leading to new drug candidates for the Healthcare industry. The patented Watchmaker® technology captures nature’s genetic chemistry pool and combines it with an evolutionary process leading to discovery and optimization of novel small molecules for therapeutic targets.

Value Proposition: 

The pharmaceutical industry has largely stopped exploring conventional natural products. Natural structures are typically difficult to source, difficult to identify, difficult to analog and difficult to manufacture. However, Nature is still the most efficient supplier of long lasting healthcare ingredients. Evolva´s Watchmaker® technology creates new combinations of synthetic structured products leading to new compounds that interact with the most productive functionalities of natural products. By mixing millions of genes from multiple species such as sponges, humans & plants, Watchmaker® creates long lasting solutions for patients with lifelong conditions.Evolva is listed on the Swiss Stock Exchange as Evolva Holding SA.

Portfolio Manager: 

FluimediX

Point of Care diagnostic system

Technology: 

FluimediX has developed the NanoCycler™ - a fully automated point-of-care diagnostic system. The system consists of a table top device designed to accept a disposable polymer cartridge, in which a number of biochemical reactions are performed on minute amounts of sample material such as mouth rinse or a swab. Laser beams, produced by cheap laser diodes, are pointed at the microfluidic where they provide the means for controlling and accurately manipulate all the basic functions involved in performing complex biochemical analysis.

Value Proposition: 

The current approach for identifying genetic variations is to ship a blood sample to a laboratory where it undergoes complex, expensive and labour intensive processes typically lasting hours or days. The NanoCycler™ is ground breaking because it may substitute this laboratory testing by providing a process that lasts no more than 15 minutes from sample application to result readout. Genetic testing will instantly move nearer to the patient.

Additional Information: 

Co-investors: Ventac Holding, Baunegård ApS

Portfolio Manager: 

Fluxome

Supplier of natural ingredients

www.fluxome.com Angela Tsetsis (CEO), Jarne Elleholm (CoB)
Technology: 

Fluxome is a global supplier of natural ingredients with beneficial effect to human health. Their technology platform permits rapid high-throughput characterization of the properties of natural and modified organisms - often the bottleneck when developing improved organisms through metabolic engineering.

Value Proposition: 

Fluxome currently provides the two ingredients Reservatrol and PUFA Beta Glucan. Reservatrol is the nutritious ingredient in red wine believed to prevent cancer and increase life expectancy and Beta Glucan has a documented immune enhancing effect. Both ingredients are intended for use by the global food and dietary supplement industry.Fluxome Resveratrol has obtained Novel Foods Approval in Europe and the US. 

Additional Information: 

Co-Investors: Seventure Partners, Capricorn Venture, Vecata, Inventure Capital

Portfolio Manager: 

Glycom

Novel biomolecules for the pharmaceutical and food industries

www.glycom.dk John Theroux (CEO), Kim Bøtkjær (COB), Gyula Dekany (CSO)
Technology: 

Glycom's principal activity is to develop and sell new biomolecules to the food ingredient industry. The company has unique know-how and abilities within carbohydrate chemistry, which it utilizes for the development of industrial scale production of Human Milk Oligosaccharides (HMOs). HMOs are high value ingredients in infant formula and potentially other functional food products. Glycom is presently developing, in its own laboratories, synthetic processes for the preparation of selected HMOs, which are suitable for multi-ton scale production.

Value Proposition: 

HMOs are not found in cow milk and therefore currently not available in infant formulas. HMOs are documented to have prebiotic effects (nutrition for healthy intestinal bacteria) and to have important antibacterial/antiviral effects as well as stimulating early brain development on infants. Glycoms ability to synthetically produce HMO at a reasonable price will allow producers of - in particular - infant formula to offer their products with HMO.Glycom has a long-term cooperation agreement and partnership with Nestlé Nutrition and has initiated a second wave of HMO development and pre-industrialization in the beginning of 2010.

Additional Information: 

Co-investors: Private

Portfolio Manager: 

Intomics

Biological data analysis

www.intomics.comThomas Skøt Jensen (CEO)
Technology: 

Intomics is a contract research company with leading expertise in biological data analysis and mining, bioinformatics and systems biology. Their services include data mining and data combination, network analysis, target prioritization, text mining, and core bioinformatics services. The analyses are unique and customized to the individual project.

Value Proposition: 

Based on their proprietary tools, unique knowledge, and ability to customize solutions to meet the need of each client, Intomics can improve biological and clinical research in areas such as biomarker discovery and optimization, extraction of biological knowledge from data, drug discovery and translational research. The advanced data analyses will enable the pharmaceutical industry to get the most out of trials and research in new drug candidate, so as to discover drug and diagnostic targets cheaper and faster.In a ten-year perspective, integrative approaches like Intomics will form the basis for advanced, quantitative and qualitative types of systems biology, where simulation and modelling will be a key for the understanding of complex diseases and their underlying causes at the molecular level.In 2010 Intomics entered into collaboration with Danish pharmaceutical company Leo Pharma. 

Portfolio Manager: 

Jurag

Improvement of fermentation

www.jurag.dkSøren Pedersen (CEO), Søren Hougaard (CoB)
Technology: 

Jurag has developed the REED (Reverse Electro-Enhanced Dialysis) technology that enables separation of charged molecules. As a result, it is possible to selectively clean-out amino acids, enzymes, antibiotics, etc. without using extraction agents and, if coupled directly with fermentation, the clean-up process will also work as a pH-governor.

Value Proposition: 

The REED technology can significantly improve the productivity of a fermentation processes. By separating out fermentation waste bi-products and continuously adding feed, results show a significant enhancement of productivities in lactic acids, starter cultures, and bio-pharma. The solution is developed for use in pharmaceutical, biotech, and food ingredient industries.

Additional Information: 

Co-investors: Sunstone Capital, AMS group

Portfolio Manager: 

Levoss

Nano-material for treating musculoskeletal conditions

Mai-Britt Zocca (Interim CEO)
Technology: 

LevOss is developing a biodegradable material (polymer) embedded with a Nano mesh, that will be able to fit into a bone fracture or void site. The material provides mechanical stability equivalent to the native tissue and provides an environment optimized for stem cell guidance and thereby new tissue generation.

Value Proposition: 

Musculoskeletal conditions are the most common causes of severe long-term pain and physical disability, affecting hundreds of millions of people across the world. The condition is increasingly treated by transplanting synthetic solutions that however does not adhere to the bone sufficiently well.

LeVoss will be able to deliver a transplant material that integrates more effectively with the bone while also providing conditions for new tissue generation.

Portfolio Manager: 

Medichanical Engineering

Device for hip-replacement surgery

www.medichanical.comEske Winther Petersen (CEO)
Technology: 

Medichanical Engineering is developing the X-pander. A mechanical measuring device that will help hip-replacement surgeons objectify the needed level of component size and whether the damaged bone has been sufficiently reamed.

Value Proposition: 

The increasingly popular press-fitting technique for hip-replacements demands very precise manual surgeon skills. Both in regards to the size of the needed prosthetic component as well as whether the component will fit into the pelvic bone. If these estimates are not done correctly additional surgery is a risk resulting in added cost as well as discomfort for the patient. The X-Pander will with a few minutes use help decrease these cases with at least 50%.

Portfolio Manager: 

Medical Prognosis Institute

Drug Response Predictor

Technology: 

MPI is a pharmacodiagnostic company with proprietary pivotal technology (DNA microarray, qPCR based), which is universally applicable to any drug and any disease to determine Drug Response Prediction (DRP). Based on a small tumour sample or blood sample, MPI’s Drug Response Predictor™ it predicts which existing chemotherapeutic drug the tumour is most sensitive to. The tumour sample is analysed on a DNA microarray and the gene expression profile is processed by MPI's proprietary patented software. The technology has been proven in several retrospective validations on a large number of patients, diseases, drugs, and biologics.

Value Proposition: 

It has become apparent that most chemotherapeutic drugs on the market have varied efficacy with varying genetic profiles. This poses a challenge for both the treatment with and the development of these drugs. MPI's technology will allow developers of chemotherapeutic drugs to speed up drug development by providing a genetic profile of the most relevant patients for the drug to be tested. This will save significant amounts in development cost as well as increase the possibility of success. Additionally oncologists will be able to use MPI's technology as a guide for selecting the most efficient chemotherapeutic drug or drug combinations for a specific patient.

Portfolio Manager: 

Minervax

Vaccine against GBS infections

Technology: 

Minervax is pursuing the development of a vaccine against Group B streptococcus (GBS) infections by utilizing a particular fusion protein, which has proved to elicit good protective immunity. A vaccine including this fusion protein will likely elicit protective immunity against many clinically relevant GBS strains.

Value Proposition: 

GBS is the leading cause of life-threatening bacterial infections in newborn babies and GBS has recently been reported to cause an increasing number of serious infections in the adult population. The National Institute of Health of the US has identified prevention of GBS in newborns as a major vaccine objective, but so far no approved or universally useful vaccine exists. A general vaccine effective against relevant strains of GBS is poised to have great impact and could potentially be administered to pregnant women or women considering pregnancy as part of a general vaccine program.

Portfolio Manager: 

Mirrx Therapeutics

MicroRNA blocking technology

www.mirrx.dkPalle Schelde (CEO)
Technology: 

MicroRNAs are powerful cellular regulators that play a role in most cellular processes. Mirrx Therapeutics holds fundamental IP to so-called blockmirs that are capable of blocking single microRNA-mRNA interactions, i.e. capable of preventing a microRNA from regulating one particular mRNA, while still allowing the microRNA to regulate all its other mRNA targets.

Value Proposition: 

The blockmir compounds being developed by Mirrx have relevance for all major disease areas and reduce the risk of unwanted side-effects dramatically, as compared to other compounds interfering with microRNA pathways. From the number of human genes estimated to be subject to microRNA-based regulation, approximately every third human gene may be targeted by a blockmir. In addition to the apparent applications as therapeutics, blockmirs will prove highly important research tools, pivotal to the understanding of microRNA based regulatory pathways and the contributions of single microRNA-mRNA interactions.

Additional Information: 

Co-investors: Inventure Capital, Vecata Invest

Portfolio Manager: 

Motility Count

Disposable sperm test

Technology: 

Motility Count is developing a single-use sperm quality checker, which measures both the quality and quantity of the semen within 30 minutes.

Value Proposition: 

16% of all couples in the developed world that whishes to get pregnant have to seek assistance at In Vitro Fertilization. Half is linked to sperm quality. The Motility Count product will increase the privacy for these couples by eliminating the need to visit IVF specialist/hospital for (initial) testing of sperm.

Motility Count was awarded the Invention of The Year at the 2011 Scandinavian Industry Expo (HI11)

Additional Information: 

Coinvestors: Several business angels

Portfolio Manager: 

Observe Medical

Digital Urine Meter

Technology: 

Observe Medical has developed a revolutionary digital urine meter - Sippi. Sippi is an easy-to-use application that monitors urine production via a bag application connected to a piece of software. Sippi is fully automatic during the length of the treatment.

Value Proposition: 

Urin production can be used as a diagnostic tool in the care of patients. However it is normally done manually by nursing staff that collect and journalize the output. Sippi's automatic abilities and data analysing software will allow staff to focus on evaluating data output and patient care, as well as reducing human errors.

Additional Information: 

Co-investors: Sahlgrenska Science Park, M2 Capital Management

OncoNOx

Cancer Treatment

www.onconox.com Mai-Britt Zocca (CEO), Hans Schambye (CoB)
Technology: 

OncoNOx is a pharmaceutical company focused on the development of innovative cancer treatments by transforming already marketed drugs into novel, proprietary molecules with anti-cancer properties and improved therapeutic profile.

Value Proposition: 

OncoNOx’s two identified lead compounds have shown to be potent compounds towards primarily prostate cancer, colorectal cancer, melanoma, and HIV related cancers as well as treatment of HIV.OncoNox is collaborating with National Cancer Institute (NCI), which is regarded as a major endorsement.

Portfolio Manager: 

Oracain

Pain relieve for oral mucositis

www.oracain.comBetina Thorball (CEO), Dr. Ove Andersen (CoB)
Technology: 

Oracain is developing a novel pharmaceutical product for pain associated with oral mucositis and other complex conditions.

Value Proposition: 

Oral mucositis is an adverse effect of cancer chemo- or radiotherapy, where the mucosal lining of the mouth becomes thin, may slough off and then become red, inflamed and ulcerated. The condition is very painful and will often result in patients having trouble speaking, eating, or even opening the mouth. Oral mucositis is the most common distressing and disabling acute complication of cancer chemotherapy and radiotherapy as reported by patients, and is a significant dose-limiting toxicity of cancer therapy. Pain and secondary infections associated with untreated oral mucositis result in substantial increases in hospitalization costs. Development of a new pain relief product for these patients will have a significant impact on quality of life and on the cost of care for cancer patients.

Portfolio Manager: 

Reapplix

Improvements in wound healing

www.reapplix.comNiels Erik Holm (CEO), Bo Jesper Hansen (CoB)
Technology: 

Reapplix offers a novel mechanism to enhance the inherent wound healing capability of the body - the LeucoPatch™. The LeucoPatch™ is made entirely from the patient's own blood without any additives and is therefore fully autologous and biocompatible.

Value Proposition: 

Reapplix' objective is to enable patients to benefit from the wound-healing properties of their own growth promoting factors and thereby provide a treatment option to avoid traumatic amputation surgery. Leucopatch™ increases the healing rate of chronically hard to heal and debilitating wounds thus resulting in increased quality of life for the patient and considerably lower costs for the society. Initially efforts focus on non-healing diabetic foot ulcers.Clinical trials have shown impressive results.

Additional Information: 

Co-investors: Accelerace Invest

Portfolio Manager: 

Sense

Blood Pressure Sensor

www.sense-as.dk Peter M. Eriksen (CEO), Lars Lading (CSO), Eric Korre Horten (CoB)
Technology: 

Sense is developing novel methods for cardiovascular sensing and in particular blood pressure and vascular compliance. The technology is a small patch with a sensor that is placed directly on the patient's wrist artery. The patented sensing scheme is based on a concept that does not interfere with the physical or psychological state of the patient, which is in contrast to existing blood pressure measuring methods. It is thus very suitable for continuous ambulatory measurements.

Value Proposition: 

The Sense technology creates new possibilities for easy, comfortable, precise and continuous measurements of blood pressure. Unlike traditional inflatable cuff alternatives the technology enables patients to be monitored in natural situations with negligible discomfort.

Additional Information: 

Co-Investors: Vækstfonden

Portfolio Manager: 

Stevia

Treatment of Type 2 Diabetes

Technology: 

Stevia is developing a new, significantly improved therapy for type 2 diabetes - STX03 (isosteviol). The drug is made by chemical modification of molecules from Stevia Rebaudiana Bertoni (the Stevia plant), which improves glycaemic control, ameliorate dyslipidaemia, and lower arterial blood pressure.

Value Proposition: 

Type 2 diabetes is a rapidly growing global life style related epidemic. STX03 protects and promotes the ability of the pancreas to respond to elevated levels of sugar in the bloodstream, without risk for the dangerous hypoglycaemia. In addition, the drug candidate reduces the body's insulin resistance improving its sensitivity towards its own produced insulin. STX03 is well suited for oral administration in a tablet or pill unlike other effective substances, such as insulin and GLP1, which are administered by injection. STX03 causes no weight gain, and has no other known side effects.

Portfolio Manager: 

TagAway Devices

Health care

Carsten Fredsbo (CEO)
Technology: 

TagAway Devices ApS has granted an exclusive license to a large international consumer health care company for its patented technology.

Portfolio Manager: 

Valderm

New dermatologic treatment for psoriasis

www.valderm.dk Elisabeth de Darko (CEO)
Technology: 

Valderm is developing Valrubicin - a daily treatment of hyper proliferative skin diseases e.g. psoriasis.

Value Proposition: 

Presently, there is no permanent cure for psoriasis, but a wide range of topical, systemic, and recently biological treatments are available for the management of the condition. Valrubicin is a much-needed product for patients who will not benefit from strong therapy and who do not benefit from other milder therapies available on the market.Valderm's product has made clinical proof-of-concept in terms of antiproliferative effects. Currently Valrubicin is in clinical trials phase I/IIa.

Additional Information: 

Co-investors: FIH Partners

Portfolio Manager: 

Victorious Medical Systems

Device for cancer diagnostics

Technology: 

Victorious Medical Systems is developing a device used in cancer diagnostics.

Value Proposition: 

The device will help increase productivity and reduce hands-on procedures in a user-friendly way.

Portfolio Manager: 

Cleantech

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Abeo

Super Light Concrete Structures

www.abeo.dk Hans Terney Rasmussen (CEO)
Technology: 

Abeo has developed a cost-efficient concrete technology and building method consisting of a skeleton of medium to strong concrete in combination with an external layer of very light concrete.

Value Proposition: 

Abeo improves the strength of a concrete construction while cutting the overall weight in half, which lowers material costs and reduce CO2 emissions from production, transport and construction. The technology can be applied in most concrete buildings and structures.

Portfolio Manager: 

Amminex

Ammoniak storage

www.amminex.netJens Hinnerskov (CEO), Peter Terry Ward (BoD-Chairman)
Technology: 

Amminex's core technology is called ASDS - Ammonia Storage and Delivery System. It allows ammonia to be safely, chemically stored in metal ammine complexes with the same volume metric capacity as pressurized liquid ammonia, which in turn can help drastically reduce NOx from the exhaust of diesel vehicles. NOx is a toxic air pollutant participating in formation of smog, ozone layer depletion and acid rain.The ASDS can also be used to supply hydrogen or ammonia to fuel cell systems.

Value Proposition: 

A number of laws have been passed both in the EU and the US, setting limits for NOx levels in exhaust. Amminex's solution removes NOx from exhaust accommodating these laws and greatly benefitting the environment. Several passenger cars and truck companies are currently testing the system. The possibility to use the ASDS technology to store hydrogen as ammonia also provides an opportunity to use an extremely clean, carbon-free and renewable energy source in a variety of ways.

Additional Information: 

Co-investors: Conduit Ventures Ltd (UK), Nordea-Foundation (DK), Navistar (US), Faurecia Exhaust International (F)

Portfolio Manager: 

BAWAT

Treatment of ballast water

Jan Hummer (CEO), Stig Bøgh Carlsen (CoB)
Technology: 

BAWAT has developed an easily applicable technology for de-oxidation of ballast water in ships’ ballast tanks eliminating all living microorganisms from the tanks. 

Value Proposition: 

Ballast water spreads organisms to eco systems where they are not natural inhabitants. To stop this from happening the International Maritime Organization (IMO) is in the process of passing legislation that requires ship owners to clean ballast water from virtually any living organism. BAWAT offers ship owners an effective, very price competitive and reliable solution for accommodating this legislation.BAWAT has been awarded a grant from Den Danske Maritime Fond

Portfolio Manager: 

BUCKY’o’ZUN

UV protection

Technology: 

BUCKY'o'ZUN has developed a method to exploit the UV-protective properties of ozone. The method is to insert ozone into a so-called Buckeyball (also called fullerenes). Buckeyballs are very stable spatial molecules that can withstand high tension and high temperatures. By encapsulating the ozone in a Buckyball, the expectation is that it will absorb large amounts of UV radiation and thereby protect the skin up to 99.99%.

Value Proposition: 

The method can be applied to all materials that are affected by the sun's uv-rays. The solution can be included in the production of sunscreen, paint, windows, textiles, paper, and much more.

Portfolio Manager: 

Expanite

Hardening of metals

www.expanite.com Thomas Strabo Hummelshøj (CEO), Thomas Folmann (CoB)
Technology: 

Expanite has developed a fast and cost-efficient process for superior surface hardening of stainless steel. The solution works by dissolving nitrogen or carbon atoms into cavities in the crystal structure of the steel.

Value Proposition: 

Stainless steel products that have been hardened by the Expanite technology has up to 100x better lifetime, they have better corrosion properties, and they are virtually impossible to scratch. Further, Expanite’s technology is not restricted by the size of the product benefitting from the hardening.Expanite is currently testing their solution with international companies.

Portfolio Manager: 

Stirling

Biomass engines

Technology: 

Stirling is manufacturing and selling biomass fuelled engines. The technology enables conversion of biomass - such as wood chips and straw - into high-value, clean, CO2-neutral electricity and heat.

Value Proposition: 

Stirling enables its customers to become self-sustainable, independent of fuel import, independent of fossil fuels, and even independent of the electrical distribution grid.

Additional Information: 

Co-Investors: Innogy Ventures, Vækstfonden

Portfolio Manager: 

SunFlake

Nanosized Solar Cells

www.sunflake.dk Morten Schaldemose (CEO), Martin Aagesen (CTO)
Technology: 

SunFlake is developing a high efficiency solar cell.

Value Proposition: 

Sunflake's solar cell will provide more than 50% higher conversion efficiency at a considerably lower cost compared to other high efficiency solar cells. The cells are also far more tolerant to the angle of the incoming light.

Portfolio Manager: 

Windar

Wind turbine optimisation

Martin Rambusch (CEO)
Technology: 

Windar Photonics has developed a sensor that measures the wind's direction and speed up to 200 meters ahead of the wind turbine. This gives the turbine time to adjust its position and angles of its wings in due time to be optimised for changing wind conditions.

Value Proposition: 

Windar Photonic's solution provides wind turbine owners and manufacturers with up to 10% increase in power production as well as a 10% decrease in maintenance costs at a very competitive price.

Additional Information: 

Co-investors: Several business angels

Portfolio Manager: 

Exits

SEED Capital has exited a number of interesting companies to global corporations, business angels and management buyouts.

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Evolva

Drug candidates based on natural products

www.evolvabio.comNeil Goldsmith (CEO), Prof. Dr. Erich Schlick (CoB)
Technology: 

Evolva develops novel genetic pathways leading to new drug candidates for the Healthcare industry. The patented Watchmaker® technology captures nature’s genetic chemistry pool and combines it with an evolutionary process leading to discovery and optimization of novel small molecules for therapeutic targets.

Value Proposition: 

The pharmaceutical industry has largely stopped exploring conventional natural products. Natural structures are typically difficult to source, difficult to identify, difficult to analog and difficult to manufacture. However, Nature is still the most efficient supplier of long lasting healthcare ingredients. Evolva´s Watchmaker® technology creates new combinations of synthetic structured products leading to new compounds that interact with the most productive functionalities of natural products. By mixing millions of genes from multiple species such as sponges, humans & plants, Watchmaker® creates long lasting solutions for patients with lifelong conditions.

Evolva is listed on the Swiss Stock Exchange as Evolva Holding SA.

 

Kaleido Technology

Kaleido shares was acquired by AAC Acoustic in 2011

Technology: 

Kaleido Technology is a manufacturer of integrated micro-optical components and sub-systems for applications in telecom, sensor and material processing. The solution enables the creation of free form aspheric mirrors and lenses with unprecedented properties when it comes to form accuracy, component size, and geometry.

Wecapack

Wecapack exited through management buy-out in 2010

Swantec

Swantech exited through management buy-out in 2008

TagAway Devices

Health care

Carsten Fredsbo (CEO)
Technology: 

TagAway Devices ApS has granted an exclusive license to a large international consumer health care company for its patented technology.

 

Virogates

Virogates exited through management buy-out in 2007

Image Metrology

Image Metrology exited through management buy-out in 2007

Orthometer

Orthometer exited through UK investor buy-out in 2004