Crowberry Capital

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We’re launching our second fund!

We’re happy to announce the launch of our second fund that is founded On The Principle To Invest In Early-Stage Technology Startups in the Nordics.

Our new fund is a $90 million seed and early-stage fund powered by a mission to support the most promising startups in the Nordics, as well as the untapped business opportunities in inclusivity and diversity. We want to find people that are good for companies and build companies that are good for people.

We monitor trends and innovation emerging from the Nordics. We have the courage to commit early, and a track record demonstrating our ability to find value before market validation, proving that when companies are backed early they have a better chance of succeeding. Our door is open as much to future investment partners as it is to startups seeking support and by placing the team element at the core of our culture from the start, we have built-up an extensive network which we will activate with the new fund. In our first fund, Crowberry I, syndications around investments involved Andreessen Horowitz (a16z), Menlo Ventures, Tencent, Fly Ventures, Inreach, and Norrsken.

The EIF (European Investment Fund) is the lead LP and other investors include Icelandic Pension funds, several family offices, and angels including David Helgason, founder of Unity Technologies.

Significant Crowberry Capital investments include the backing of AI-powered fintech company, Lucinity , a co-investment with Inventure and Norrsken VC in digital health company, Elsa Science,, the first company to make the framework for developers to develop, test, and deploy Kubernetes applications (founded by serial entrepreneurs with co-investment from Danish VC, byFounders, and Berlin-based Fly Ventures), and the joint backing — alongside Andreessen Horowitz (a16z) — of next generation mobile games developer, Mainframe. In addition to its participation in the health-tech, fintech, and gaming industries, Crowberry’s investments cover a range of other sectors including those in the B2B SaaS and sustainability tech sectors, such as female-lead devtool, Avo, a product and alumni of the YCombinator accelerator, and Danish sales software Dreamdata, a co-investment with venture capital firm, Inreach.

Do you have a startup? Come talk to us!

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