Copenhagen’s Seed Capital has closed its fifth fund at €130M, extending the firm’s reach beyond Denmark across the Nordics with a particular focus on Sweden.
The vehicle will write first cheques of €3M to €6M into 15 to 17 companies, targeting financial technology, cybersecurity, resilience and AI-driven business software. Cybersecurity and resilience are new focus areas for the firm.
Backed companies include Trustpilot, banking platform Lunar, workforce software maker Templafy and payments group Flatpay, which the firm calls Denmark’s quickest route to unicorn status. Seed Capital has been investing since 2004, and says its portfolio companies have collectively raised more than $2.6B.
Leadership has shifted alongside the fund. Christian Brondum, former chief executive of workforce software company Planday, becomes managing partner, and Geeta Schmidt, co-founder of log analytics firm Humio, joins as general partner alongside long-serving investor Lars Andersen.
The firm leans on a hybrid model that mixes former operators with investment professionals, arguing that founders respond to partners who have run companies. Its stated pitch is proximity: the team says it can be on the ground anywhere in the Nordics within an hour.
The close lands as European venture funding concentrates in fewer, larger rounds while early-stage capital remains hard to secure, a squeeze that seed funds are being asked to fill.
