How we raised a EUR 100 million first-time fund to support the next generation of Nordic and Baltic founders

Ida Åsle
Ida Åsle
Apr 3, 2019 · 7 min read
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Access to a unique family of founders

Our portfolio companies are given unique access to deep industry and operational knowledge as well as an extensive network. When receiving an investment from byFounders, entrepreneurs are welcomed into a family of founders, and with it, easy access to competencies, advice and network crucial to the success of their companies.

Building bridges between the Nordics & Baltics and Silicon Valley

With offices in both Copenhagen and San Francisco, we serve as a springboard to the world for companies with global ambitions, whether they want to move to Silicon Valley or scale from the Nordics.

Listening to the Nordic & Baltic ecosystems

Through our team and the byFounders Collective we’re well-connected to the Nordic and Baltic tech ecosystems, the latter of which generates a good portion of byFounders’ deal flow. Through their investments in the fund, and oftentimes individually alongside us as well, we ensure that our interests are always aligned:

Raising a EUR 100 million first-time fund

Alongside the byFounders Collective, we've reached our first-time fund size of EUR 100m by working closely with a powerful constellation of investors. Our single largest investor is the Danish Growth Fund, one of the most active fund of funds in the Nordics. Support from the likes of global funds like Isomer Capital, Draper Esprit and Digital Garage, as well as a number of prominent family offices from around the Nordics has also been instrumental.

Giving Back to the Ecosystem

byFounders was established on the firm belief that founders are well equipped to become excellent investors. We believe that having been in the entrepreneur’s shoes does makes a difference when providing critical support to early-stage founders.

Investment focus

With our first-time fund size of EUR100 million, we’re well-positioned to support the next generation of globally ambitious startups through several rounds, however, our sweet spot is seed stage companies. We always prioritize to bring additional investors or syndicates on board, so as to create strong platforms for our portfolio companies’ future capital rounds and growth.

Investments to date

We've made 12 investments to date, of which one remains to be disclosed. You can see them here:

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For founders byFounders VC fund investing in the next…

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