The fund is backed by Aarhus University Research Foundation, HEARTLAND, Norlys, and Salling Group.

The Series B round came from the Cystic Fibrosis Foundation and the German Federal Agency for Breakthrough Innovation (SPRIN-D).

BlackWood Ventures’ $25 million debut fund is backed by Nordic family offices, exited entrepreneurs, private investors, and notable business angels.

Ukrainian defence-tech venture fund D3 has secured $5 million to support defence startups across Ukraine and Europe.

Danish VC firm PSV has launched Fund II with €70 million, backed by investors such as ATP and EIF.

Copenhagen-based KOMPAS VC has closed its €150 million Fund II to support early-stage industrial tech and sustainability startups.

Danish startup All Gravy has secured $2.9 million in funding to empower frontline workers in the UK.

Danish nanotechnology research startup ATLANT 3D has secured $15 million in a Series A+ funding round led by West Hill Capital.