Capital Gains: An influx of new VC funds target the Nordics.

This morning brings news of the latest fund to be established which has it’s sights firmly set on the Nordics, as SEED Capital, one of Denmark’s most prolific seed investment funds announced their third fund of $75M. SEED Capital have experienced a strong twelve months with exits for Contera Pharma, Sense, EpiTherapeutics, Libratone and Endomondo while Windar Photonics was admitted to trading on AIM. SEED Capital was also the first institutional investor in Trustpilot who raised a $73.5M Series D last week and remain the largest shareholder. This strong performance means there are high hopes for their third fund, which we understand they will look to expand to $100M. 

The Seed Capital announcement follows a number of funds signalling their intentions to set their sights on backing Nordic startups during the last couple of weeks…